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Reply of the General Office of the People’s Bank of China on the Matters concerning the Network Name and Inter-bank Borrowing Limit
of Credit Agricole Indosuez Shanghai Branch
Yin Ban Han [2005] No. 8
January 10, 2005
The Shanghai Branch of the People’s Bank of China,
We have received your Request for Instruction on Modifying the Network Name of Credit Agricole Indosuez Shanghai Branch for Renminbi
Inter-bank Borrowing and on Adjusting the Limit (Shang Hai Yin Fa [2004] No. 328) and related application materials. And a reply
is hereby rendered as follows,
1.
It is approved that the membership of the former Credit Agricole Indosuez Shanghai Branch in the Nationwide Inter-bank Borrowing Market
is cancelled, and the membership of the former Credit Lyonnais SA Shanghai Branch is reserved and has its name modified. The name
for the merged bank to be connected with the network of the National Inter-bank Funding Center shall be modified into Credit Agricole
Indosuez Shanghai Branch. Please inform Credit Agricole Indosuez Shanghai Branch to contact the National Inter-bank Funding Center,
and complete the related work on modification of the name.
2.
It is approved that the maximum balance of the inter-bank Renminbi capital borrowed and capital lent by Credit Agricole Indosuez Shanghai
Branch is respectively increased up to RMB 300 million Yuan.
3.
The longest time limit of the capital borrowed by Credit Agricole Indosuez Shanghai Branch shall be 4 months, and the time limit of
capital lent by it may not exceed the longest term of the capital borrowed by the counterpart as provided for by the People’s Bank
of China. The inter-bank borrowing may not be renewed after expiry.
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