think, both of our country should be very proud to have a friend, a representative like him,” he said.
At present, there are more than 800 13-18-year-old students at the
School, including nearly 60 Chinese students, most of whom are from Hong Kong.
Uppingham school was founded in 1584. The famous British educator Edward Thri
ng (1821-87) used to be its headmaster and took the lead in proposing the concept of “all-around education”.
Thring opened the first school gymnasium in England, introduced wood and metal workshops, and provided a sw
imming pool. In academic matters he stressed sound training in mathematics, the classics, and music. In 1869 he fou
nded the Headmasters’ Conference, an organization that had a great influence in English school education.
Bank of Beijing Co Ltd said on Friday that it has got the necessary board approvals for the esta
blishment of a joint venture with Netherlands-based ING Bank NV, in which the latter will be the majority partner.
With a total investment of 3 billion yuan ($448 million), the forthcoming joint-venture bank, whic
h is still waiting for regulatory approval, may become China’s first commercial lender in which a for
eign shareholder has a controlling interest. According to the plan, ING Bank will hold a 51 percent stake, and Bank of Beijing 49 percent.
Drawing on the experience of ING Bank in the successful development of direct ba
nking services, the joint venture will build a brand in the area of digital banking with the help of financial tec
hnologies and try to become a benchmark in terms of the implementation of China’s push to further open
up its financial sector to foreign investors, said the mid-tier commercial lender BOB in an announcement.
Different from the traditional counter-based model, the direct banking model uses e-cha
nnels to provide financial products and therefore has no restriction of time, regions or geographic branches.