ICBC self-Trade Zone branch quietly listed whether foreign banks temporarily unclear

Yesterday (September 22), according to the people familiar with the "Daily economic news" reporter revealed that ICBC (market, inquiry) is located in Shanghai Pudong Waigaoqiao (market, interrogation) bonded Zone branch has quietly changed to "Shanghai Free Trade Zone branch." Financial profit PO, demand savings rate increased 1000% media reported that the FTA branch affiliated with ICBC Beijing headquarters, level and Shanghai branch of the same class, temporarily by the Pudong branch to prepare and trusteeship.　　ICBC FTA Branch will be independent of the ICBC payment system, belonging to foreign banks, and ICBC Hong Kong branch or New York branch of the same nature. Yesterday, ICBC headquarters through its Shanghai branch to the daily economic news reporter replied, "In order to support the development of the Shanghai Free Trade Zone, ICBC Shanghai branch to the Waigaoqiao Free trade Zone branch to the FTA branch, the procedures are being approved."　　However, no response was given to the branch's nature as an offshore bank and to the relevant level. Other banks may follow up/This is just one of the recent financial booms associated with the FTA. In addition to ICBC, in order to seize the Shanghai FTA financial reform Opportunities, recently a number of banks have begun to plan to set up branches in Shanghai FTA or to change the original branch branch.　　However, a number of banks and regulatory authorities have questioned the said ICBC's branch-level and Shanghai-level counterparts in the FTA.　　A large line of business people to the daily economic news reporter that the banking structure and administrative regions are basically parallel to the relationship between the Shanghai FTA, the higher level of the establishment of a bank in the region will be higher.　　In addition to ICBC, Pudong Development Bank (market, inquiry) has issued a notice on September 17 that the board has voted for the establishment of the Shanghai FTA Branch of the bill, agreed to set up the "Shanghai Pudong Developing Bank Limited China (Shanghai) Free Trade Test Area Branch", and reported to the regulatory authorities after the implementation. According to a senior person at the Pudong Bank, the daily economic news reporter said Pudong Development Bank in the FTA has always been a bank network and in the conduct of business, belonging to the Shanghai branch, the plan will be a branch of the trade area of the network business, can be compared with the FTA business, the original branch and other Shanghai branch, the main internal,　　However, the policy system of the FTA has changed a lot, to correspond to the new functions of the FTA, make some adjustments.　　It is understood that in addition to ICBC and Pudong FA Bank, Bank of China (market, inquiry) and Bank of communications (market, interrogation) plan to upgrade the FTA directly to the FTA branch.　　China Merchants Bank said yesterday to the daily economic news reporter, now "diverted" in the Shanghai Self-trade area of the network business has been more mature. Experts believe that since this year, China's financial reform in the process of speed. After canceling the lower limit of loan interest rate, the marketization of interest rate is the trend.　　If international financial capital is released into the domestic market, the free trade pilot zone will again accelerate the pace of financial reform. Is the overseas bank to be determined/interviewed, ICBCShanghai Branch has not responded to the issue of whether its Shanghai free trade Zone Branch belongs to an offshore bank.　　Mu Ya, deputy governor of Pudong Bank, told the Daily economic news yesterday that the Shanghai-Pudong branch and Shanghai branch should be ranked and whether it belonged to an offshore bank, based on the FTA and the regulatory authorities ' position on the FTA. "Since the trade zone than the bonded area is open, free trade zone policy to continue to improve, first of all, to see the rules of the free trade zone, and then all types of institutions can determine their own business applications and processing, the Free-trade zone is mainly convenient trading."　　"Mu Ya said. Guo Tianyong, a professor at the Central University of Finance and Economics, told the Daily economic news reporter that if the economic region could be defined as an offshore bank and a domestic bank, for example, if Hong Kong belonged to China, the Bank of Hong Kong was an offshore bank from the economic concept, and the offshore Bank of Shanghai FTA stressed more economic　　The scope of banking business in the region is more extensive, the management policy is not according to the standards of domestic commercial banks, more reflect the degree of international definition, according to the scope of offshore banking as a regulatory standard. The above people said that whether they belong to foreign banks, to see the FTA itself, the final definition of specific business functions and regulations of the regional limits, not geographical determinants, if the economic activities are divided into overseas, it belongs to offshore banks. Financial activities serve local economic activity.