英語(yǔ)資源頻道為大家整理的china daily 雙語(yǔ)新聞：東南亞吸引銀行家目光，供大家學(xué)習(xí)參考:)
When Peter Sands, Standard Chartered chief executive, steps on to the tarmac at Yangon airport in a few weeks’ time, he will mark the bank’s return to Myanmar after a forced absence of a decade.
幾周后，當(dāng)渣打銀行(Standard Chartered)行政總裁冼博德(Peter Sands)塌上仰光機(jī)場(chǎng)的停機(jī)坪時(shí)，那一刻將標(biāo)志著該行在被迫離開(kāi)10年后重返緬甸。
It will also highlight how southeast Asia is becoming an important part of the bank’s Asian business.
這還將突出表明，東南亞正變成渣打銀行亞洲業(yè)務(wù)的一個(gè)重要組成部分。
While StanChart is domiciled in Britain, about 90 per cent of its pre-tax profits came from Asia, Africa and the Middle East in 2011, the latest full-year period for which data are available. More than a quarter of group pre-tax income came from southeast Asia. The region encompasses Thailand, Malaysia, Singapore, the Philippines, Vietnam and Indonesia, the region’s biggest economy where StanChart has a minority stake in Permata, a bank.
盡管渣打銀行的注冊(cè)地在英國(guó)，但根據(jù)目前最新全年數(shù)據(jù)，2011年該行約90%的稅前利潤(rùn)來(lái)自亞洲、非洲和中東地區(qū)。該集團(tuán)超過(guò)四分之一的稅前收入來(lái)自包括泰國(guó)、馬來(lái)西亞、新加坡、菲律賓、越南和印尼在內(nèi)的東南亞地區(qū)。印尼是該地區(qū)的經(jīng)濟(jì)體，渣打銀行持有該國(guó)寶石銀行(Permata)的少數(shù)股權(quán)。
The six make up the biggest economies in the Association of Southeast Asian Nations, a bloc that is home to 600m people and has a combined gross domestic product bigger than Brazil’s or India’s.
這6個(gè)國(guó)家是東盟(ASEAN)內(nèi)部的經(jīng)濟(jì)體，東盟擁有6億人口，國(guó)內(nèi)生產(chǎn)總值(GDP)之和超過(guò)巴西或印度。
While it has long been overshadowed by China and India, the region has shown greater resilience to the economic downturn and, because of the emergence of a middle class and growing intra-regional trade, is seen by many economists as this year’s big growth story.
盡管長(zhǎng)期以來(lái)，東南亞一直因中國(guó)和印度而黯然失色，但該地區(qū)對(duì)經(jīng)濟(jì)衰退表現(xiàn)出了更強(qiáng)的適應(yīng)性。同時(shí)，由于中產(chǎn)階層的興起和地區(qū)內(nèi)部貿(mào)易的發(fā)展，很多經(jīng)濟(jì)學(xué)家將東南亞視為今年一個(gè)重要的增長(zhǎng)神話。
Last month the Asian Development Bank revised its estimate for the region’s growth in 2012, from 5.2 per cent to 5.3 per cent.
上月，亞洲開(kāi)發(fā)銀行(ADB)修正了其對(duì)該地區(qū)2012年增長(zhǎng)預(yù)測(cè)，從5.2%上調(diào)至5.3%。
“It is true that Asean has been underestimated because people have talked an awful lot about India and China and have perhaps not really focused on it as much as they should have,” Mr Sands says in an interview in Singapore. The city-state houses the headquarters for the bank’s wholesale business, which accounts for 60 per cent of group operating income.
冼博德在新加坡接受采訪時(shí)表示：“確實(shí)，東盟的實(shí)力一直以來(lái)都遭到了低估，這是因?yàn)槿藗儗?duì)于印度和中國(guó)談?wù)摵芏?，或許沒(méi)有真正對(duì)這些國(guó)家予以應(yīng)有的關(guān)注。”新加坡是渣打銀行批發(fā)業(yè)務(wù)總部的所在地，批發(fā)業(yè)務(wù)占該集團(tuán)營(yíng)業(yè)總收入的60%。
Many countries in the region offer trends that make bankers salivate: savings rates among the highest in the world, growing use of credit cards and, in commercial banking, family-controlled companies hungry for capital to expand. But the growing convergence of southeast Asia’s economies is the real attraction for StanChart and its Singapore-based rivals such as DBS, the region’s biggest bank by assets.
東南亞地區(qū)很多國(guó)家表現(xiàn)出了許多令銀行家們垂涎不已的趨勢(shì)：儲(chǔ)蓄率為全球，信用卡使用量不斷增加；在商業(yè)銀行業(yè)務(wù)方面，家族控股企業(yè)急需資金進(jìn)行業(yè)務(wù)擴(kuò)張。但是，東南亞經(jīng)濟(jì)體一體化程度日益提高，是真正吸引渣打和星展銀行(DBS)等同城競(jìng)爭(zhēng)對(duì)手的地方。星展銀行總部設(shè)在新加坡，是東南亞地區(qū)資產(chǎn)規(guī)模的銀行。
A new breed of Asian companies is forging partnerships with western counterparts to support growth, according to a Boston Consulting Group study. It cites a venture between Singapore-listed Golden Agri-Resources, the world’s second largest palm oil producer, and Stena Weco, a Danish shipping company, to expand distribution of its palm oil. “People are [building] supply chains and business models in various industries that straddle various countries and that plays to our strengths because the real differentiating feature of our wholesale banking business is our ability to work as a seamless network,” Mr Sands says.
根據(jù)波士頓咨詢集團(tuán)(BCG)的一項(xiàng)研究，新一代亞洲企業(yè)已開(kāi)始與西方企業(yè)展開(kāi)合作，以支撐業(yè)務(wù)增長(zhǎng)。該研究舉例稱，在新加坡上市的全球第二大棕櫚油生產(chǎn)商金光農(nóng)業(yè)資源公司(Golden Agri-Resources)與丹麥運(yùn)輸公司Stena Weco組建了一家合資公司，借此擴(kuò)大棕櫚油銷(xiāo)售規(guī)模。冼博德表示：“不同行業(yè)的企業(yè)都在（建立）跨越多個(gè)國(guó)家的供應(yīng)鏈和業(yè)務(wù)模式，這恰好可以發(fā)揮我們的優(yōu)勢(shì)，因?yàn)槲覀兊呐l(fā)銀行業(yè)務(wù)真正區(qū)別同行的特色，是我們作為一個(gè)無(wú)縫網(wǎng)絡(luò)提供服務(wù)的能力。”
Even in Myanmar – where StanChart first opened a branch in what was then Burma, in 1862 – that trend is likely to play out, he says. “We were in Myanmar for a very long time so all the trade, the supply chain stuff throughout the region, is a very natural thing.” The bank’s exit from the country was forced by international sanctions that prompted many foreign businesses to quit.
他表示，即便在緬甸，這一趨勢(shì)也可能會(huì)繼續(xù)下去。1862年，渣打首次在這個(gè)當(dāng)時(shí)被稱為Burma的國(guó)家開(kāi)設(shè)了分行?！拔覀冞M(jìn)入緬甸已經(jīng)很長(zhǎng)時(shí)間了，因此遍及該地區(qū)的貿(mào)易與供應(yīng)鏈都是非常水到渠成的事情?！痹蜚y行退出緬甸是國(guó)際制裁所迫，制裁促使很多外國(guó)企業(yè)離開(kāi)緬甸。
Elsewhere in Asia there are concerns. Indian non-performing loans have been rising and there are simmering worries over a possible property bubble in Hong Kong, StanChart’s biggest single country exposure at about 19 per cent of group loans.
人們對(duì)于亞洲其他地區(qū)感到擔(dān)憂。印度的不良貸款一直在增加，對(duì)于香港可能出現(xiàn)房地產(chǎn)泡沫的擔(dān)憂正在升溫。香港是渣打風(fēng)險(xiǎn)敞口的單一市場(chǎng)，約占該集團(tuán)貸款總額的19%。
Mr Sands is sanguine, pointing out that the loan-to-value ratio on its mortgage book is 48 per cent, which is “very different from what you might see, say, in a UK mortgage book”. He argues that property price inflation in the territory is on the top end of the market, where apartments are often bought with cash. “We are positive about Hong Kong, not least because of the increasing convergence of Hong Kong with the mainland.”
冼博德樂(lè)觀地指出，該行抵押貸款賬簿的貸款與價(jià)值比率(loan-to-value ratio)為48%，這“與英國(guó)抵押貸款賬簿的該比率有很大的不同”。他辯稱，香港的房地產(chǎn)價(jià)格漲幅處于市場(chǎng)高位，這里的買(mǎi)主通常用現(xiàn)金購(gòu)買(mǎi)房產(chǎn)?！拔覀儗?duì)香港相當(dāng)樂(lè)觀，特別是在香港與中國(guó)內(nèi)地經(jīng)濟(jì)日益一體化的情況下?！?BR> While economists are bullish about Asean this year, there are some concerns about emerging socioeconomic risks.
盡管經(jīng)濟(jì)學(xué)家今年看好東盟國(guó)家，但人們對(duì)正在顯現(xiàn)的社會(huì)經(jīng)濟(jì)風(fēng)險(xiǎn)也感到一定的擔(dān)憂。
HSBC highlighted in a report last month political jockeying ahead of a presidential election in Indonesia in 2014; uncertainty over the outcome of a general election expected in Malaysia within two months’ time; and political tensions in Thailand.
在上月的一份報(bào)告中，匯豐銀行(HSBC)特別強(qiáng)調(diào)了2014年印尼總統(tǒng)大選之前的政治博弈；圍繞兩個(gè)月后馬來(lái)西亞大選結(jié)果的不確定性；以及泰國(guó)的政治緊張局勢(shì)。
Mr Sands seems relaxed. “There are lots of elections going on and they could well slow down individual countries. But from a global economic point of view and the impact on Asia, the big thing is: can the US and the eurozone navigate their way through their various challenges? Because any notion of decoupling [of Asia from the west] has been thoroughly buried.”
冼博德似乎并不緊張?！艾F(xiàn)在很多國(guó)家正在進(jìn)行選舉，這很有可能會(huì)放慢我們?cè)趥€(gè)別國(guó)家的業(yè)務(wù)。但從全球經(jīng)濟(jì)的角度以及對(duì)亞洲的影響來(lái)看，最重要的問(wèn)題是：美國(guó)和歐元區(qū)能否化解各自不同的挑戰(zhàn)？因?yàn)槿魏蚊撱^（即亞洲與西方世界脫鉤）理論都已被徹底埋葬了?！?
When Peter Sands, Standard Chartered chief executive, steps on to the tarmac at Yangon airport in a few weeks’ time, he will mark the bank’s return to Myanmar after a forced absence of a decade.
幾周后，當(dāng)渣打銀行(Standard Chartered)行政總裁冼博德(Peter Sands)塌上仰光機(jī)場(chǎng)的停機(jī)坪時(shí)，那一刻將標(biāo)志著該行在被迫離開(kāi)10年后重返緬甸。
It will also highlight how southeast Asia is becoming an important part of the bank’s Asian business.
這還將突出表明，東南亞正變成渣打銀行亞洲業(yè)務(wù)的一個(gè)重要組成部分。
While StanChart is domiciled in Britain, about 90 per cent of its pre-tax profits came from Asia, Africa and the Middle East in 2011, the latest full-year period for which data are available. More than a quarter of group pre-tax income came from southeast Asia. The region encompasses Thailand, Malaysia, Singapore, the Philippines, Vietnam and Indonesia, the region’s biggest economy where StanChart has a minority stake in Permata, a bank.
盡管渣打銀行的注冊(cè)地在英國(guó)，但根據(jù)目前最新全年數(shù)據(jù)，2011年該行約90%的稅前利潤(rùn)來(lái)自亞洲、非洲和中東地區(qū)。該集團(tuán)超過(guò)四分之一的稅前收入來(lái)自包括泰國(guó)、馬來(lái)西亞、新加坡、菲律賓、越南和印尼在內(nèi)的東南亞地區(qū)。印尼是該地區(qū)的經(jīng)濟(jì)體，渣打銀行持有該國(guó)寶石銀行(Permata)的少數(shù)股權(quán)。
The six make up the biggest economies in the Association of Southeast Asian Nations, a bloc that is home to 600m people and has a combined gross domestic product bigger than Brazil’s or India’s.
這6個(gè)國(guó)家是東盟(ASEAN)內(nèi)部的經(jīng)濟(jì)體，東盟擁有6億人口，國(guó)內(nèi)生產(chǎn)總值(GDP)之和超過(guò)巴西或印度。
While it has long been overshadowed by China and India, the region has shown greater resilience to the economic downturn and, because of the emergence of a middle class and growing intra-regional trade, is seen by many economists as this year’s big growth story.
盡管長(zhǎng)期以來(lái)，東南亞一直因中國(guó)和印度而黯然失色，但該地區(qū)對(duì)經(jīng)濟(jì)衰退表現(xiàn)出了更強(qiáng)的適應(yīng)性。同時(shí)，由于中產(chǎn)階層的興起和地區(qū)內(nèi)部貿(mào)易的發(fā)展，很多經(jīng)濟(jì)學(xué)家將東南亞視為今年一個(gè)重要的增長(zhǎng)神話。
Last month the Asian Development Bank revised its estimate for the region’s growth in 2012, from 5.2 per cent to 5.3 per cent.
上月，亞洲開(kāi)發(fā)銀行(ADB)修正了其對(duì)該地區(qū)2012年增長(zhǎng)預(yù)測(cè)，從5.2%上調(diào)至5.3%。
“It is true that Asean has been underestimated because people have talked an awful lot about India and China and have perhaps not really focused on it as much as they should have,” Mr Sands says in an interview in Singapore. The city-state houses the headquarters for the bank’s wholesale business, which accounts for 60 per cent of group operating income.
冼博德在新加坡接受采訪時(shí)表示：“確實(shí)，東盟的實(shí)力一直以來(lái)都遭到了低估，這是因?yàn)槿藗儗?duì)于印度和中國(guó)談?wù)摵芏?，或許沒(méi)有真正對(duì)這些國(guó)家予以應(yīng)有的關(guān)注。”新加坡是渣打銀行批發(fā)業(yè)務(wù)總部的所在地，批發(fā)業(yè)務(wù)占該集團(tuán)營(yíng)業(yè)總收入的60%。
Many countries in the region offer trends that make bankers salivate: savings rates among the highest in the world, growing use of credit cards and, in commercial banking, family-controlled companies hungry for capital to expand. But the growing convergence of southeast Asia’s economies is the real attraction for StanChart and its Singapore-based rivals such as DBS, the region’s biggest bank by assets.
東南亞地區(qū)很多國(guó)家表現(xiàn)出了許多令銀行家們垂涎不已的趨勢(shì)：儲(chǔ)蓄率為全球，信用卡使用量不斷增加；在商業(yè)銀行業(yè)務(wù)方面，家族控股企業(yè)急需資金進(jìn)行業(yè)務(wù)擴(kuò)張。但是，東南亞經(jīng)濟(jì)體一體化程度日益提高，是真正吸引渣打和星展銀行(DBS)等同城競(jìng)爭(zhēng)對(duì)手的地方。星展銀行總部設(shè)在新加坡，是東南亞地區(qū)資產(chǎn)規(guī)模的銀行。
A new breed of Asian companies is forging partnerships with western counterparts to support growth, according to a Boston Consulting Group study. It cites a venture between Singapore-listed Golden Agri-Resources, the world’s second largest palm oil producer, and Stena Weco, a Danish shipping company, to expand distribution of its palm oil. “People are [building] supply chains and business models in various industries that straddle various countries and that plays to our strengths because the real differentiating feature of our wholesale banking business is our ability to work as a seamless network,” Mr Sands says.
根據(jù)波士頓咨詢集團(tuán)(BCG)的一項(xiàng)研究，新一代亞洲企業(yè)已開(kāi)始與西方企業(yè)展開(kāi)合作，以支撐業(yè)務(wù)增長(zhǎng)。該研究舉例稱，在新加坡上市的全球第二大棕櫚油生產(chǎn)商金光農(nóng)業(yè)資源公司(Golden Agri-Resources)與丹麥運(yùn)輸公司Stena Weco組建了一家合資公司，借此擴(kuò)大棕櫚油銷(xiāo)售規(guī)模。冼博德表示：“不同行業(yè)的企業(yè)都在（建立）跨越多個(gè)國(guó)家的供應(yīng)鏈和業(yè)務(wù)模式，這恰好可以發(fā)揮我們的優(yōu)勢(shì)，因?yàn)槲覀兊呐l(fā)銀行業(yè)務(wù)真正區(qū)別同行的特色，是我們作為一個(gè)無(wú)縫網(wǎng)絡(luò)提供服務(wù)的能力。”
Even in Myanmar – where StanChart first opened a branch in what was then Burma, in 1862 – that trend is likely to play out, he says. “We were in Myanmar for a very long time so all the trade, the supply chain stuff throughout the region, is a very natural thing.” The bank’s exit from the country was forced by international sanctions that prompted many foreign businesses to quit.
他表示，即便在緬甸，這一趨勢(shì)也可能會(huì)繼續(xù)下去。1862年，渣打首次在這個(gè)當(dāng)時(shí)被稱為Burma的國(guó)家開(kāi)設(shè)了分行?！拔覀冞M(jìn)入緬甸已經(jīng)很長(zhǎng)時(shí)間了，因此遍及該地區(qū)的貿(mào)易與供應(yīng)鏈都是非常水到渠成的事情?！痹蜚y行退出緬甸是國(guó)際制裁所迫，制裁促使很多外國(guó)企業(yè)離開(kāi)緬甸。
Elsewhere in Asia there are concerns. Indian non-performing loans have been rising and there are simmering worries over a possible property bubble in Hong Kong, StanChart’s biggest single country exposure at about 19 per cent of group loans.
人們對(duì)于亞洲其他地區(qū)感到擔(dān)憂。印度的不良貸款一直在增加，對(duì)于香港可能出現(xiàn)房地產(chǎn)泡沫的擔(dān)憂正在升溫。香港是渣打風(fēng)險(xiǎn)敞口的單一市場(chǎng)，約占該集團(tuán)貸款總額的19%。
Mr Sands is sanguine, pointing out that the loan-to-value ratio on its mortgage book is 48 per cent, which is “very different from what you might see, say, in a UK mortgage book”. He argues that property price inflation in the territory is on the top end of the market, where apartments are often bought with cash. “We are positive about Hong Kong, not least because of the increasing convergence of Hong Kong with the mainland.”
冼博德樂(lè)觀地指出，該行抵押貸款賬簿的貸款與價(jià)值比率(loan-to-value ratio)為48%，這“與英國(guó)抵押貸款賬簿的該比率有很大的不同”。他辯稱，香港的房地產(chǎn)價(jià)格漲幅處于市場(chǎng)高位，這里的買(mǎi)主通常用現(xiàn)金購(gòu)買(mǎi)房產(chǎn)?！拔覀儗?duì)香港相當(dāng)樂(lè)觀，特別是在香港與中國(guó)內(nèi)地經(jīng)濟(jì)日益一體化的情況下?！?BR> While economists are bullish about Asean this year, there are some concerns about emerging socioeconomic risks.
盡管經(jīng)濟(jì)學(xué)家今年看好東盟國(guó)家，但人們對(duì)正在顯現(xiàn)的社會(huì)經(jīng)濟(jì)風(fēng)險(xiǎn)也感到一定的擔(dān)憂。
HSBC highlighted in a report last month political jockeying ahead of a presidential election in Indonesia in 2014; uncertainty over the outcome of a general election expected in Malaysia within two months’ time; and political tensions in Thailand.
在上月的一份報(bào)告中，匯豐銀行(HSBC)特別強(qiáng)調(diào)了2014年印尼總統(tǒng)大選之前的政治博弈；圍繞兩個(gè)月后馬來(lái)西亞大選結(jié)果的不確定性；以及泰國(guó)的政治緊張局勢(shì)。
Mr Sands seems relaxed. “There are lots of elections going on and they could well slow down individual countries. But from a global economic point of view and the impact on Asia, the big thing is: can the US and the eurozone navigate their way through their various challenges? Because any notion of decoupling [of Asia from the west] has been thoroughly buried.”
冼博德似乎并不緊張?！艾F(xiàn)在很多國(guó)家正在進(jìn)行選舉，這很有可能會(huì)放慢我們?cè)趥€(gè)別國(guó)家的業(yè)務(wù)。但從全球經(jīng)濟(jì)的角度以及對(duì)亞洲的影響來(lái)看，最重要的問(wèn)題是：美國(guó)和歐元區(qū)能否化解各自不同的挑戰(zhàn)？因?yàn)槿魏蚊撱^（即亞洲與西方世界脫鉤）理論都已被徹底埋葬了?！?