Beijing/Hong Kong - Reuters, the global information, news and technology group, today announced that China Merchants Bank has successfully implemented provision of Reuters Internet Toolkit and global market data to the bank's website.
Reuters is providing the bank with global FX market data as well as leading edge Internet functionalities. This will make China Merchants Bank the first major bank in China to offer Reuters global FX data over the Internet.
"China Merchants Bank has always been in the forefront of creating and offering e-banking services. We believe by partnering with Reuters, we can tap its global financial information and technology to expedite our effort in globalising our online financial services in China and thereby efficiently exploit the opportunities in this borderless market," said Mr. Li Hao, Vice President, China Merchants Bank. "Following China's entry to the World Trade Organization (WTO), this internet service will allow the bank to deliver a world-class online financial information site to deal with increasing competition in a global economy," he added.
Kenneth Tsui, Managing Director, Reuters Greater China said: "China has moved rapidly in embracing innovative technology over the past few years and that includes the financial market where China Merchants Bank, amongst other key financial institutions, has been leading the way in actively initiating e-banking services to provide global solutions." "We are excited that this collaboration with China Merchants Bank has become so fruitful and going forward Reuters will continue to meet the changing requirements of our
customers by providing integrated solutions," Tsui added.
China Merchants Bank is the latest addition to Reuters portfolio of Asian treasury internet services. With Reuter Internet Toolkit, China Merchants Bank's website, www.cmbchina.com, has been enriched with competitive services and global market information. It includes functions such as advanced charting with comparison options and technical studies, real time FX quotes, global and regional news, look-ups, search capability, rankings as well as individual watchlists and portfolios all localized for the China market.