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Overview of the Banking Industry in China

I.The Role of the Banking Sector in China

Paragraph 2(P1)

1.First, banks serve as a principal repository of liquid funds for the public.

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2.The safety and availability of such funds for transactions and other purposes are essential to the stability and efficiency of the financial system.
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        essential: a.necessary;indispensable;most important
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    (3)efficiency: n.state or quality of being efficient:ЧÁ¦£»Ð§ÂÊ
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    (4)the financial system£º½ðÈÚÌåϵ
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          the whole financial system£ºÕû¸ö½ðÈÚϵͳ
          banking system£ºÒøÐÐÌåϵ
          information system£ºÐÅϢϵͳ
          monetary(money) system£º»õ±ÒÖÆ¶È 

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