英语翻译
ThereformandopeningupofChina’sbankingsectorhavebeencarriedoutinpacewiththeoveralleconomicreformandopeningup.startinginspecialeconomiczonesandthenrollingouttocostalareas,inlandprovincialcapitalsandfinallythewholecountry,aswellasextendingfromforeigncurrencybusinessestolocalcurrencybusinesses.HavingbuilttheirpresenceinChinaovertwodecadesbefore,foreignfinancialinstitutionshavenowbecomeanintegralpartofChina’sfinancialsector.Theyhavemadetremendouscontributiontooperatingmechanismsandmanagementexpertise,promotedservicelevelofChina’sbankingindustryanddeependedthefinancialreforms.SinceitsentryintoWTO,Chinahasaccelerateditspaceinopeningupthebankingsectorandhasopenedmoreareastoforeignbanks.Therearenomoregeographicandcustomerrestrictionsonforeignexchangebusinessesofforeignbanks,whilethegeographicrestrictionsonRMBbusinessesofforeignbanksarealsobeingphasedout.