《金融英语》教学课件Unit 11Banking in China.ppt

Text : Furthermore, when China entered the WTO, geographic restrictions placed on RMB-denominated business was phased out in four major cities—Shanghai, Shenzhen, Tianjin and Dalian. Then, on December 1, 2002, foreign-funded banks were allowed to commence RMB-denominated business in Guangzhou, Zhuhai, Qingdao, Nanjing and Wuhan. Text : A variety of studies that have compared randomly picked portfolios of stocks with stocks chosen by various technical rules supports the idea that information about past movements of stock prices does not help predict the