Chinese companies venturing into India can use new financial products from State Bank of India Shanghai
Anil Rane
Dec. 23, 2006

State Bank of India moving aggressively into China to tap a new generation of Chinese entrepreneurs those are eager to venture into India for prosperity and growth.

Today in China, the energy, the enthusiasm, the zeal of a people who have been freed from enslavement – first by foreign powers and then by dictatorial governments – have now been set free. It’s kind of like America in the 1950s – the entrepreneurial spirit, the boom time, the feeling that they can achieve anything – a Can Do attitude.

According to media reports, the State Bank of India (SBI) has submitted plans to the Chinese banking watchdog to launch new products with a view to tap Chinese companies venturing into India. "We have applied to the China Banking Regulatory Commission (CBRC) for approval of the new products in China," Chief Executive of SBI Shanghai, T.C.A. Ranganathan said on Friday. SBI Shanghai submitted the proposals to the CBRC, the Chinese banking watchdog after the country opened up its banking sector on December 11 under Beijing's commitment to the World Trade Organisation (WTO) to join the world trade body.

Chinese companies venturing into India can use new financial products from State Bank of India Shanghai
Anil Rane
State Bank of India moving aggressively into China to tap a new generation of Chinese entrepreneurs those are eager to venture into India for prosperity and growth.
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