请帮我把下面的一段话翻译成英文,可以翻译得简单点,不过不要用机器,谢谢了

In late 2006,China canceled foreign banks to conduct RMB business areas and client restrictions,the banking industry is facing a severe test,On Local Chinese banks not only competition but also with powerful,advanced technology and management experience in foreign bank competition。How in the increasingly competitive Chinese market,an advantage,will be China's long-term major problems facing the banking industry。The article to focus on the most profitable local investment bank,the effort through its successful experience in business of Bank of China to find a suitable development of the new road。