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BANKING
1. Bank of China
It was reported on March 12, 1981 that all of Bank of China Group's overseas branches were offering global banking services, including commercial and non-commercial international settlements, transference of foreign currencies, consultations and various kinds of deposit business.
Last year, some 170 branches and representative offices of China's banks in Hong Kong had set up a computerised banking network, which drew over 14 000 clients plus deposits amounting to HK$810 million a month.
2.
Eight China-financed banks in Hong Kong
A recent restructuring of the controlling authority of eight China-financed banks in Hong Kong would enable the country to play a more active role in the international financial market, it was reported on March 17, 1981.
A reliable source said the restructuring would allow these eight banks a freer hand in running their operations. In the past, the banks were under the tight control of the Bank of China.
markets.
It was expected that some of the banks would invest in the stock and property
Under the restructuring, the chief controlling offices of the respective banks had all been moved to Beijing to centralise leadership and to improve management.
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