单选题
Directions: In this section you will hear three short passages. At the end of each passage, you will hear some questions. The passages and the questions will be spoken only once. After you hear a question, you must choose the best answer from the four choices marked A, B, C, and D. Then mark the corresponding letter on the ANSWER SHEET with a single line through the center.
{{B}}Passage One{{/B}}
【正确答案】
B
【答案解析】[听力原文]21-23
BOASTING a global network and nearly US $ I trillion in assets, tile Hong Kong and Shanghai Banking Corporation has many advantages over its competitors. Now it's planning to bring those to China when it opens tile sector to private investment.
HSBC is a London - based banking conglomerate, established in 1865 to finance the growing trade between China and Europe. It generates over a third of its profits from Asia and, like nearly all big banks, is eyeing China's US $ 1.2 trillion in savings for future exploitation.
China is just beginning to open up to foreign banks, part of reforms promised in return for tile country's entry into the World Trade Organization (WTO).
HSBC's global franchise, which is evenly distributed across Asia, Europe and the Americas on a profit basis, is something any bank would envy.
21. How much money does HSBC have in assets?