TO enhance Chinese banks' communication with the global financial world, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) has installed a second access point in Shanghai. The access point, which will initially serve five banks, enables a bank to gain access to financial data by linking up more than 3,700 financial institutions. ''Strong economic development and financial deregulation in China have resulted in annual message growth of 50 per cent, making it the third-fastest growing SWIFT country in terms of traffic,'' said Michael King, regional director of SWIFT. The first access point was installed in Beijing in 1985, connecting the country's central bank, the People's Bank of China, and the Bank of China.
