Standard a Chartemid
Keeping The SC8 Signs
12-Year
openDoor US$8.135,261
Open Italian Export
The principal question -P., ch "C- Credit
Inc" both citisting and potential,
foreign investors and those it,,-ol In the first Italian Iong-term
China based imetoicrit and tradi,@ is ci port credit facility undertaken h, a
flat sill Pe the future direction of the branch of a foreign bank in Or
economic re forms PRC. Standard Chartered Bank's
FinfIrm-ml the recent pinimcni Shcruthen branch provided 91"@ of
d"turbancirs. the Chinese Go% trioncril the cms of mK+,ncr, arid tcrhn,ct
ha@ moVed qiockl.@ to assuage m4 (can ;ransfer to the Bcijn'v Chemical
of forrign invelavrt, and from ndu%trv Ctirpoealicin for the
hunlemll Official statements it "s clear ,nahl,111in, of 1% it", radial yr,
Ohs[ it fully iffitivills to push ahead with faclorv,
the all-imr-Amant,opers, docc, Policy i'ht remaming 5 of the
.. more lesinuilY them before TAc USSI6.3 million facility is provided
,va
nVooitment of the mayorsof NTT under a 'soft loan' arrangement
Shanghai imil Tianjin to ke% politic hroulli the Italian Government,
'a
"is can be interpreted as further Pirelli SpA of Milan is the supplier
C,,odenm of shut intent. astht t.o c for live new factrity whose annual
n:c. 4 E Wor rp CP-
have alwa ,vi; been at the forefront of production capacity is projected it
the W-4crrfisation pnvrsmmt )OU.WO lyres.
The current situation in China is
Ilimirld. rykairtiurriedionofirislon
at
including the produnion
all fronts F
facililiesofjoani-vemurc and holly SUMMER 109
forcign-owried enterprises. Tourism,
however. faces a likes future ir the
near term and is likely to take 0-12 away from other regs"Al low-cost
months 10 fully recover. with ihr@ ytar's alternatives. such as Thailand and the
autumn peak season probabl, vin al Phifilifniles. which for the emollient are
,.,.,IV lost. perceived by investors to be more
in the longer term. the return of attractive.
fortion investments to pire-disturbance Standard Chartered Bank. which
levels will depend largely on the has op"sted is Chirm con y for M, Sonp YW ows vaeftsicuni. asiliv
ctwn=e cawanm..
Chiftse authoriiies* "Iy to restore ever 13O.Years, is pleased to advise A* Low Chasing W it - Assinatl
ng and potential dients that its D#"MbW"OFK SCS.
Political stability and their offering offices throutighous dw coutstry are A& Ton) it" OW iliatinnier4p&vip
addifionall incentive; to divert a rientioin open and able to do bushur". 0 411,10-111; Offee. X111
Are You Exporting To China or Importing From uK?
Standard Chartard Beni. con
It is verl appropriate that dus first
Chartered Bank's PRC hranchei, in
mcm junivide up to 85% finance for
ABE facility for the PRC should he
Sheitzhen. Shanghai. Xiame" and
contracta; bem alto buyers in the PRIC
arranged by Standard Chartered. the
Zhishisi Of representative offices in
and suppliers in UK. under a ne,v
oldest esiablished foreign bank in
Beijing. Defian. Guangzhou end
dk. The purpose of this
crietinuous operation in China since
Tianjin,
new facillitV is in mist the fiftanci "I
I I".
For further details, picam contact:
of conlreci@ bemeen PRC bu.k ers
it is envisaged that the facility
- Standard Chartered Empon
imid UK suppliers We the proVirion of
intill be used mainly to haaetce
I'mansce limited. LmWon
UK plant. equipment slid services,
medium-sized contracts with joint.
Mr. Micheal Thresh.
The new ceirdis faciltiv laa@ come
ventiare companies or craterpriset of
Tel: 01-226-Ml
into being through a Medium Te rm
the municipal end proviriciol
Mr. IBM Moir.
Associated Sorrowers Endorsement
authorities. The i iii an contract
Td: 11-220 &W
(ABEI Line o(Credit for V million
value is 05.01M and repsymient
- Standard Chartered bank, China
sterling. fogned between Standafe
term are between .1.5 years.
Are& HO. Hong Kong:
Chanered Expon Firietrice Lid . a
depending on the Value of the
Mr. Look Clegm. Tel: 34410111
whOadisair
vol'Standard Cliartitted
contract.
- Standard Chartered Bank.
,
filerclans Bonk. and Standard
Apphemions by buyers may be
Shetiathen. PRC
Chartem Bil Sheathev branch,
submitted through any *(Standard
Mr. Tom U. Tel: IM31 (3
B.A.T INDUSTRIES P.L.C. MINNESOTA DEposffoRy Copy - PRODUcEo PURSUANT To I VILD. oF
CONSENT JUDGMENT DATED 5/8M IN Sun oFAIlimlynorA. ErAL v. PmLvhknN& ErA CmEft.Ci-94-MS
Total value or Chins *x Imports and Fxports
- by countries/regions I Ian-Nis 19090
%by
..d F.m,,
..d
[
-d 161-
16 N
jam,
4.11 !t: I
43A.912
11
ai.767
5511.05@
176,1174
170,41011
.194.107
1 24
0. A 1. 41.1
61.W
424.620
145.104
Z?q-126
43:
W61
1144
al
111,170
227. 1 R5
1405.20
121.q?.,
-K,4y
2.01
N"
0,10
42,60:
1.24.qAq
8 11 1
1
1.f@
17.410
NAM
103
- -
67.9:11
17
1
1 3117
-
r
!
I
112-PIN
65@wm
m5n
o.*T7
-1W,P15
3@1,61
5@"
L
C."d. @4*
7.727
$7,074
14AIN
41@120
47.192
S-1h Knota
!-Vr
3.111
29,11,15 7
F-,--7-
T@q
P-I@J h@ k,.d M-r- .1 CERD C-I,-. LW
Merchant
market throuph 0 growing network
hu%incts optiortuniti" in the
Banking Link for
or offices in the cDuntr%. This
nework provides he drour with a
merchant hank. with emphatt, (in
financial advice in clictio. protect
China Area
ide gingraphicat spread of
finkricC. Crirri(WAIC finance. carm3l
informsuon pathening and contact
market issues. joint venture and
Headquarters
making centres. covering 80 nf
other investment hanking
China's major "s and industrial
opportunities in the PRC and Hoo#
arm
Kong. Through close liaison and
While the Bank's positinci in
inlerface heliveen the merchant hank
tradilional lending business and
hod the exectilive, of Standard
Iradc-finance activities tw heen
Chartered'% China Area
building up. a new potential demand
Hesdquamers sod ofli"% in China. a
M ice has
more comprehensive arrintach to the
been emerging with oppoo volics. for
China market can he e%tshbi;hcd@
profitable (99-hased assignments To
The Bank *s China officers and
coordinate sod further dewtop, this
representsfives will sho benefit from
side of its business. Standard
the introduction of new merchant
Chartered Asia. the Or*"'%
hanking products which will open
rellinnal merrher of iss world-wide
doors to more relaiionships with
merchant banking network, has
PRC companies.
Mir sbww He
recently reciviled Ms Shirley Hs
We welcome the arrival of
a the pat few years. Standard
Manager. Merchant Banking China.
Shirley. and look forward to the
Chartered Ba k has exteactod the
Slairley's main responsibilities
strengthening of the Grovii's retail
Grnup'i petoctlion into the China
will he to ininiduce FRC rclalcd
and wholesale husimss in China
CD
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B.A.T INDUSTRIES P.LC. MINNESOTA DEI)OSITORY COPY PRODUCED PURSUANT To I VILD. OF
CONSENT JUDGMENT DATED S/M IN STATE OF 1660ESOM, ET AL V. PH&V AkRRA ET AL. CASE No. C14M-8565
China Area HO whose joint-veniurc orcratitin
Visits Zhuhal & exporis worldwide. L7
Shenzhen
Chin., Arco Hc3dquaificrc Ned
a C311 "n two of our stuthernmoi I
Chm, hrsnchc% during Me '0unc at
pail of the Account Retaliornhip
rv i ARM%) training %cheme
G., 14.40
explained the different expects of
Zbolia husini:.% of the Zhuhai branch.
t:x ARM% wtied Zhuhai figirwtc, by a %I-it to one of Standard
11"inch (in Mat 24 where Manager Chariercift mam cusinmerx in the
F@J-,nd K-rik and hi% Ailing area. a p"ni,cmutc One facton
(qvraW"% Manager ST Lau
sheruilver,
Geotpc 5-of Standarti
Chartered Asia accomparited t@
Maggie McBride. CAHO arid wto
C, M, , In,m California. paid a
visit to Shenthen tilench ort June 4
where Manager Tom Lee intnidured
them to she extensive grain
production faciliti, of Chin Tai Corti.
a longstanding CAHO customer
Shanghai Opens Foreign Exchange
Transaction Centre
The Shanghai Foreign
are 58 members - 0, brokers
leplimaile operations: they con refill,
'
Exchange Tianswitin Centre
repirmming Chinese and foreign
foreign exchanpe Itafts, and imerm
(SFETC I. officially opened in
financial institution% and 4y dealers
and remit foreign exchange prorins.
September Im. i now fumy
- Imm ms@w Chinese and foreign
Other permitted am of the foreign
operational. It is Nns's first
enterprises who art coly entitled to
exchange pumhosed inchade the
Western4tyle open market for
exchange foreign curvency in their
buying of advanced technology and
foreign eschew which snows
o" possession.
equipentem and the ; 4 , of
evinipetkion in exchange pricirs.
Standard Chartered Bank. as an
research and teachnig materials.
With an annsui frodisig volume
approved broker with two seats in
For this trase being. desk ore
Of LISS730 million. Shisaighsi is
the Centre. am actively participeles
limited to SW sales and purchases of
China'& leading leecign exchange
in its dirilv foreign exck@W irliAllinf.
U.S. Dollars. licamads Seeding.
ctnlrc@ Exchange roles Rd the marixet
We con hiladle: transactione invotving
Deutschemarks. Japanese Yen and
at - he level of
PRC Chinese enterprises or foreign
Hong Korq Drillairs agamiss
tupply and demand on the day o(
invested business foomfed both in
Itterm"bi. The itamescition rate is to
trading. The rate goes up if burving
Shanghai and elsewhere in the
he expressed as as smarean of Rmh
exceeds seniing. and (alls when vice
country. thus widening forther the
per US dollars caldi. while The cash
versa. In Cbina*s other foreign
scope o(lassiness that Standard
transaction price loar the other four
exchange malres. excillaw, telex are
Chartered is allowed to untlitirtake in
curreacm is determined by
mutuatly agreed between buyer and
China.
reign= to the US clabsur rale. The
seller.
Foreign-mvessed enterprises
""it of trading is USSIDADD. the
SI-El liesdeve"two,
can make use of our services to
minimum transaction amount.
categories of membership: brokers
acquire foreign exchange to pay for
and private dealers. Currently. there
expenditure in the course of their
C:)
CD
B.A.T ImousTRiEs P.L.C. - MINNESOTA DEPOSITORY COPY - PRODUCED PURSUANT To I VII.D. OF
CONSENT JUDOWNT DATED SAM IN STATE OF MMMSOTA, ET AL V. PkLP UORRN, ET AL CASE NO. C1 -944MS
;ft Aj
China Business Brieflngs -
Your Update on China
Sinct lite China Business
the pitfalls, The Britfinigs offer more
am IIIJInts from Delostit Haskins &
Briefings seminairs were first Wd $I
than mere lectures; the workshop
ells and Is"tirs from Baker
the end of 1986. over IJW
formal is designed to facilitate (me
McKenzie.
companies worldwide have mark use
discussion sad exclussfic of view%.
Chills bOdOW 1111th"P
Of them to update and bT*Adt" their
V02i to 8111"ing an insight WD the
fW the inassalmilor *it 190 we:
knowiedge shout 0rma's business
markct@
September 29
climale.
111je Pralramme includes four
October 2L)
The Bnefinp. presented
one-how sessions on PRC low.
November 17
monthly in English in China Area
taxaOrm. final= sod invatmem
Dectrinbet 15
Headquaners. are designed (or hn(h
Plus. the Chios Business atiefinp
For full details. please contact
%he r." and rild China Hand and
@tdct,, winter of the 1967 FI"MW
Moak "caeAt. Message of
put together in a day all the
Timep Business Video Award. avid is
sahmm wwwatko od PR.
husineurnart needs to knpv@ about
presented in corip"ation with
Susadurd Chartered Book, China
enter* the China mar .lei: the
husinm consultants from Lark-
Am Headquarters.
environment, the opportunities and
Horitini Connections Lid-
Tel: 54414111. C1
China Business
index
L
Compiled hy Chins Area
Hosidquarless. the index is sued as a
source of referrah for business
eniquarm from China@ Wallis it
inews no k" of ablitailion for you.
To be included to the Index.
simply wad a coolsict name. title, full
address, tela, IckpIldift Wad tax
numbers together with The precise
praclucts and maker %won You ore
Our Newest
Thie Hasplacto Repi otative
imemsed in, lo the follolaint
China Office
Office is locarred at:
I
oddress
Ran I
II
B
6
wa
CMIA evisilmois III&N
Stak%nd Chartered Soak's
-
-0
ft
i We Lis so
sualleaft llsisenstiquit Divislion
"West China coke opens for
H-Ph-
Chilies Ara 1111"diguanersi
in Hangthou in early
Milan Pretty-
SLwAwd Chwunred Daunk
September. KintScholu
Regariesefflatrve Office will pmvW*
Pologsk's Rqm&k of Claim
SIF JW41" House
tmde w v -I I and marketing
Hangshou will bring Standard
He" K-4
between local corpOrshom and
Chartered Bsnk*s total of Chins
Stasidaird Charles 'a Shanghai
offiars to mine. the hurgicst 11ortniss,
Tdtx: 3014 SCCRQ RX
brancl, uodcr abose direcooft the
beak ne Wou within The PRC.
Flax.- 5414W
surs,111
More details In the next in" of
Tol., 344 lei 11
initially.
Chins Ne"111
C)
rl%)
1-4
L)4
CD
01%
C>
Ln
opy Copy ppMer,
INOUSTRIES p.LC. UPPOWA DIEPOSff t) PumANT TO I VILD. OF
BAT V. 11mLIP MOM E-T AL. - C144-MS
CONUNT JUMMEW DKMD 51"S im STATE OF so ET AL. j CASE NO