China Banking
1. Statistics Institutional Coverage : the People's Bank of China,the Industrial and
Commercial Bank of China, the Agricultural Bank of China, Bank of China, China Construction Bank, the State DevelopmentBank, the Export and Import Bank of China, the Agricultural Development Bank of China, Bank of Communications,CITIC Industrial Bank,Everbright Bank of China,Hua-Xia Bank,Guangdong Development Bank, Shenzhen Development Bank, China Merchants Bank, Shanghai PudongDevelopment Bank, Fujian
Industrial Bank, China Minsheng Banking Corporation, Yantai Savings
Bank, Benbu Housing and Savings Bank, City United Commerial Banks,
Urban Credit Housing and Cooperatives, Rural Credit Cooperatives,
finance companies, trust and investment companies, leasing companies
and Postal Savings Bureau.
2. As of the first quarter of 1997, the statistics are not comparable
with historical statistics.
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Bank of China Established in 1912, Bank of China is the oldest bank in China. It has been ranked one of the world's top banks in terms of core capital by The Banker. For 90 years, Bank of China has played an important role in promoting China's economic and social progress through its active involvement in the country's international trade and financial activities. Since 1992 the bank has been awarded "The Best Bank in China" for nine times by Euromoney magazine, the latest being in 2002. Moreover, Bank of China has been included in the Fortune Global 500 for 13 consecutive years. More
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China Merchants Bank Founded on April 8, 1987 with its head office in Shenzhen, China Merchants Bank is the first share-holding commercial bank wholly owned by corporate legal entities. Since its establishment, the bank has undergone capital enlargement by 3 times, and launched IPO with the issuance of 1.5 billion common shares in March 2002, and was successfully listed in Shanghai Stock Exchange on April 9, 2002 (Stock trading Code: 600036 ). It is the first listed company passed external auditing appraisal based on the international accounting standard. After the conversion of capital reserve to share capital in May, 2004, The Bank's total shares have been increased to 6.4 billion. At present, the total asset of China Merchants Bank is above 600 billion yuan, and is ranked the top 200 among "the world 1000 banks" by British financial journal The Banker.. More
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