2016/10/3 Current Banking System State-owned Commercial Banks 中国工商银行 中圆 [596 Rural Cre 交通银行 man Bausparkas 国銀行 中国农业银行 BANK OF CHINA State-owned Commercial Banks History of BOC China's first central bank was established as the bank mRMB)RMB{a随M时 The name was changed to the Great Qing Government Bank(Daqing Bank)in 1908. be used in all public and private fund transfers including tax payments and debt settlements ollowing the Xinhai Revolution of 1911, Daqing BOC was specialized in forex transactions during ' As of mid 2015: " From 2014 annualreports 1953-1978. History of BoCom Other State-owned Banks Bank of Communications was organized by the Policy Banks Postal Savings Bank of Ministry of Posts and Communic It was chartered as"the bank fo ications in1908. All established in 1994 china eloping the irectly supervised by the established in Mar 2007 countrys industries State Council the former as CPSRb( China The bank's aim was to unify funding for steamship Postal Saving Regulator ines, railways, as well as telegraph and postal facilities 中国表业发晨银行 The bank opened its first Hong Kong Branch on 27 中禺好政行 November 1934 BoCom merged to PBC and CCB in 1958 except the business in Hong Kong 6
2016/10/3 6 Current Banking System 2-31 Banking System in China 5 State-owned Commercial Banks 12 Joint Stock Commercial Banks 133 City Commercial Banks 3 Policy Banks 665 Rural Commercial Banks 89 Rural Cooperative Banks 1596 Rural Credit Cooperatives 41 Incorporated Foreign Banks 68 Trust Companies 49 Rural Mutual Cooperatives 1 China-German Bausparkasse 30 Financial Leasing Companies 18 Auto Finance Companies 1 Postal Saving Bank As of end 2014 6 Consuming Finance Companies 5 Money Brokerage Firms 1153 Town and Village Banks 196 Finance Companies 4 Asset Mgt. Companies 14 Lending Companies 2-31 State-owned Commercial Banks 2-32 2-33 Establish Year IPO Huijin Holding* MOF Holding Total Assets** (Tril. RMB) Rev.** (Bil. RMB) Net Profit** (Bil. RMB) CCB 1954 SSE：2007/9/15 HKSE：2005/10/27 57% 16.74 570.47 227.83 BOC 1912 SSE：2006/6/23 HKSE：2006/6/11 64% 15.25 456.33 169.60 ICBC 1984 SSE：2006/10/27 HKSE：2006/10/27 35% 34.88% 20.61 658.89 275.81 ABC 1955 SSE： 2010/7/15 HKSE：2010/7/16 40% 42.70% 15.97 520.86 179.46 BoCom 1908 SSE：2007/5/15； HKSE：2005/6/24 26.5% 6.27 177.40 65.85 State-owned Commercial Banks *As of mid 2015；**From 2014 annual reports History of BOC • China's first central bank was established as the Bank of the Board of Revenue in 1905. • The name was changed to the Great Qing Government Bank (Daqing Bank) in I908. • Daqing Bank's note was granted exclusive privilege to be used in all public and private fund transfers, including tax payments and debt settlements. • Following the Xinhai Revolution of 1911, Daqing Bank was renamed the Bank of China. • BOC was specialized in forex transactions during 1953-1978. 2-34 History of BoCom • Bank of Communications was organized by the Ministry of Posts and Communications in 1908. • It was chartered as "the bank for developing the country's industries". • The bank's aim was to unify funding for steamship lines, railways, as well as telegraph and postal facilities. • The bank opened its first Hong Kong Branch on 27 November 1934. • BoCom merged to PBC and CCB in 1958 except the business in Hong Kong. 2-35 Other State-owned Banks Policy Banks • All established in 1994, directly supervised by the State Council Postal Savings Bank of China • established in Mar 2007 • the former as CPSRB(China Postal Saving Regulatory Bureau) 2-36
2016/10/3 Policy banks Policy Banks China Development Bank Agricultural Development Bank of China Established in 1994, directly supervised by the Established in 1994, directly supervised by the State Council r task is to provide long-term financing It raises funds for agricultural policy businesses ojects and supportive construction in and undertake the agricultural policy credit ture and basic and pillar industries businesses specified by the central government The bank was reformed in 2008 with $20 billion Most of the funds come from the central bank capital injection and renamed as"China lending, supplemented by deposits from business Development Bank Corporation and overseas financing Policy Banks Postal Savings Bank of China The Export-Import Bank of china Postal savings services started from 1986 with the Established in 1994, directly supervised by the establishment of CPSrb(China Postal Saving State Council It finances the exporting of machinery and CPSRB had a deposit balance of 1.6 RMB trillion by electronic products and high-tech products, and the end of 2006, the biggest saving institution after supports overseas constructions contracts. It also accepts government concession loans and onlends loans of foreign government and tate Council approved the establishment of the nternational financial institutions postal savings bank in July 2005; CBRC released the plan in June 2006 CPSB was established in Mar 20th, 2007 loint -stock Commercial banks Joint-stock Commercial Banks I Found Time IPo 招育中信银行 m平⑥兴业銀有 Tank er)azs c 中国光大银行 Huada Bank pct-82 SsE: 2003/9/12 ⑤忠◆但丰银行浙商银行 a67172 061550 From 2014 annual repor
2016/10/3 7 Policy Banks • China Development Bank – Established in 1994, directly supervised by the State Council – The major task is to provide long-term financing for key projects and supportive construction in infrastructure and basic and pillar industries – The bank was reformed in 2008 with $20 billion capital injection and renamed as “China Development Bank Corporation”. 2-37 Policy Banks • Agricultural Development Bank of China – Established in 1994, directly supervised by the State Council – It raises funds for agricultural policy businesses and undertake the agricultural policy credit businesses specified by the central government – Most of the funds come from the central bank lending, supplemented by deposits from business and overseas financing. 2-38 Policy Banks • The Export-Import Bank of China – Established in 1994, directly supervised by the State Council – It finances the exporting of machinery and electronic products and high-tech products, and supports overseas constructions contracts. – It also accepts government concession loans and onlends loans of foreign government and international financial institutions. 2-39 2-40 Postal Savings Bank of China • Postal savings services started from 1986 with the establishment of CPSRB(China Postal Saving Regulatory Bureau) • CPSRB had a deposit balance of 1.6 RMB trillion by the end of 2006, the biggest saving institution after the "big four” • State Council approved the establishment of the postal savings bank in July 2005; CBRC released the plan in June 2006 • CPSB was established in Mar 20th, 2007. Joint-stock Commercial Banks 2-41 2-42 Found Time IPO Total Assets* Revenue* Net Profit* China Merchant Bank 1987/4 SSE: 2002/4/9; HKSE: 2006/9/22 4.73 165.86 55.91 Industrial Bank Jun-88 SSE: 2007/2/5 4.41 124.9 47.14 Shanghai Pudong Development Bank Aug-92 SSE: 1999/11/10 4.20 123.18 47.03 China Citic Bank Apr-87 SSE&HKSE: 2007/4/26 4.14 124.72 40.69 China Minsheng Bank Jan-96 SSE:2000/12/19; HKSE:2009/11/26 4.02 135.47 44.55 China Everbright Bank Aug-92 SSE: 2010/8/18/; HKSE:2013/12/20 2.74 78.53 28.8 Ping An Bank Dec-87 SZSE: 1991/4/3 2.19 73.41 19.8 Huaxia Bank Oct-92 SSE: 2003/9/12 1.85 54.89 17.98 China Guangfa Bank Jun-88 1.65 44.64 12.04 Hengfeng Bank 2003 reorg. 0.85 19.82 7.17 China Zheshang Bank 2004 reorg. 0.67 17.24 5.03 China Bohai Bank Feb-06 0.67 15.57 5.03 Joint-stock Commercial Banks *From 2014 annual reports