11 financial institutions in china

Financial institutions in China
PBC Depository banks Policy banks Non-bank financial institutions Foreign institutions

Banking sector in China
? The

People's Bank of China (PBC or PBOC) is the central bank of the People's Republic of China with the power to control monetary policy and regulate financial institutions in mainland China. The People's Bank of China has the most financial assets of any single public finance institution ever.



The bank was established on December 1, 1948, based on the consolidation of the Huabei Bank, the Beihai Bank and the Xibei Farmer Bank. The headquarters was first located in Shijiazhuang, Hebei, and then moved to Beijing in 1949. Between 1950 and 1978 the PBC was the only bank in the People's Republic of China and was responsible for both central banking and commercial banking operations. All other banks within Mainland China such as the Bank of China were either organized as divisions of the PBC or were nondeposit taking agencies. In the 1980s, as part of economic reform, the commercial banking functions of the PBC were split off into four independent but stateowned banks and in 1983, the State Council promulgated that the PBC would function as the central bank of China. Mr. Chen Yuan was instrumental in modernizing the bank in the early 1990s. Its central bank status was legally confirmed on March 18, 1995 by the 3rd Plenum of the 8th National People's Congress. In 1998, the PBC underwent a major restructuring. All provincial and local branches were abolished, and the PBC opened nine regional branches, whose boundaries did not correspond to local administrative boundaries. In 2003, the Standing Committee of the Tenth National People's Congress approved an amendment law for strengthening the role of PBC in the making and implementation of monetary policy for safeguarding the overall financial stability and provision of financial services.

Depository institutions
? Large-scale

banks ? Joint-equity commercial banks and city commercial banks ? Rural banks ? Postal Savings Bank of China

share-holding commercial

Agricultural Bank of China Limited, is one of the "Big Four" banks in the People's Republic of China. It was founded in 1951, and has its headquarters in Beijing. It has branches throughout mainland China, Hong Kong,London, Tokyo, New York, Frankfurt, Sydney, Seoul, and Singapore. ABC has 320 million retail customers, 2.7 million corporate clients, and nearly 24,000 branches. It is China's third largest lender by assets. ABC went public in mid2010, fetching the world's biggest ever initial public offering(IPO).[2] As of 2011, it ranks 8th among the Top 1000 World Banks,[3] meanwhile Forbes Global 2000 named it the 25th-largest public company in the world.

Agricultural Bank of China

Policy banks
? The

State Development Bank ? The Agricultural Development Bank of China ? The Export and Import Bank of China



The China Development Bank is a financial institution in the People's Republic of China (PRC) led by a cabinet minister level Governor, under the direct jurisdiction of the State Council. As one of three policy banks of the PRC, it is primarily responsible for raising funding for large infrastructure projects, including most of the funding for the Three Gorges Dam and Shanghai Pudong International Airport. Established by the Policy Banks Law of 1994, the bank is described as the engine that powers the national government’s economic development policies. Debts issued by CDB are fully guaranteed by the central government of the People's Republic of China. The bank is the second-biggest bond issuer in China after the Ministry of Finance in 2009, accounting for about a quarter of the

The China Development Bank

The Agricultural Development Bank of China

The Agricultural Development Bank of China is a Chinese Policy Bank under the People's Central Bank of China (PBOC). As such, is responsible for funding projects related to China's economic growth. If the ADBC requires funding for its own operations, its bonds are considered as safe as the Central Bank's bonds, since it is fully banked by the PBOC.

The Export and Import Bank of China
? The

Export-Import Bank of is one of three institutional banks in China chartered to implement the state policies in industry, foreign trade, diplomacy, economy, and provide policy financial support so as to promote the export of Chinese products and services. Established in 1994, the bank is subordinated to the State Council.

Non-bank financial institutions
? Insurance

companies ? Trust and investment companies ? Securities sector ? Financial leasing companies ? Asset Management Companies ? Securities Investment Funds

Foreign banking institutions in China



4Financial institutions
Part 1 Overview of the Financial Industry in China
chapter_3Depository Institutions
China’s Financial System Past, Present, and Future
lesson 2 Financial System