|
BRITISH FINANCIAL AND INSURANCE INDUSTRY |
The whole service including finance
inside is the biggest productivity of the British economy; sharing 75%
of total labor force, number of employees reaches to 21 million. In 2006,
it occupied 70% of British increment. The British finance has the development
history for more than 300 years. Currently, within the country, in addition
to the 6 financial bargain centers in Edinburgh, Manchester, Cardiff,
Liverpool, Leeds and Glasgow, London is not only biggest financial centre
in Europe, but also is one of the three greatest financial centers in
the world, its character are: (1) Banking service business Until the end of December 2006, there are 315 banks in Britain are granted to accept savings, 103 banks of other nations in Europe opened deposit service in Britain, Britain is the biggest international banking market, sharing 20% of world total amount. About 80 nations are opening branch office or representative here. The four biggest banks in Britain are including Hongkong and Shanghai Banking Corporation (HSBC), LIoyds Bank, Royal Bank of Scotland and Barclays Capital. An investment bank provides a series of professional financial services,
which including the company finance and property management. A main consultation
service is providing financial services especially to company combination,
also providing opinions to other forms of company regrouping. In addition,
an investment bank still provides privatization consultation to the government. Britain is holding special knowledge of funds manage. The main investment fund includes pension plan, life insurance, unit trust fund, and the open type investment company and investment trust. According to the covariance, the British property manages total amount of money to reach to 28,000 billion pounds in 2006. The old age pension is the main investment source of stock market, having 22% of total stocks in London stock trades market. Until December 2006, there are 1800 approved unit trust fund and open investment company, managing amount of money reaches to 354 billion pounds. Britain owns 350 investment trust funds, is the biggest block that appears on stock exchange market in London. Basic on the nearest updating information of U.K. National statistic
bureau, essentiality of finance and commerce is becoming the significant
support in U.K. which has accessed manufacturing. In 2006, banking, insurance,
management consulting and finance service company had create £360.9 billion
ponds of treasure which is 30.2% of total value of national treasure and
almost twice of manufacturing which is 14.8%. |
Required document for item declaring |
Introduction of corporation |