《金融英语 Financial English》课件Chapter 1-2 The Banking Industry in China.pptVIP

Chapter 1-2 The Banking Industry in China 1. Introduction to field work and lead-in the text. Refer to lecture one 2. Pre-reading activities Brainstorming Raising questions on new words and difficult sentences Part one: The evolution of PBC’s functions as an independent central bank. Paragraph one Possible difficulties in the paragraph: refer to mark the beginning of sth. Enter a stage of vigorous development Wholly state-owned commercial banks Sth coexist and cooperate with sth. Joint-equity commercial banks In their respective authorized business domains Main ideas: Introduction of the central bank in China—PBC Paragraph two Possible difficulties in the paragraph: as of subordinate establishment all-in-one monopolistic banking system during the course of reform and opening up specialized banks restore take over increase the bank’s capacity for sth. State Council To function as sth Begin to take shape Transition Full-fledged Enter a new phase The latter half of 1993 Define sth. as sth. Specify Provide Formulate and implement monetary policy.(synonym of implement) Exercise firm supervision Maintain, ensure Legal status Main ideas: the function of PBC before and after1978: All-in-one monopolistic bank- before 1978 Opening up in 1978 PBC was named central bank in 1984 The specified function of PBC given by the State Council on Financial Reform in 1994: a. to formulate and implement monetary policy so as to maintain the stability of the currency b. to exercise firm supervision over the financial institutions to ensure the safe and effective functioning of the financial system. Paragraph three Possible difficulties in the paragraph: enact the third plenary session of the Eighth National People’s Congress, NPC regulate, formulate under the leadership of sb. Duly Monetary base Aggregate credit Adjust benchmark interest rate State Administration of Foreign Exchange Be entrusted with sth. Be independent from sth. The ministry of Finance Government agency Paragraph fo