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China Financial Facts and Figures


The China Perspective
Top 50 banks by total assests
RMB million
  2003 2004
1 Industrial and Commercial Bank of China Ltd. 5,279,120 5,670,521
2 Agricultural Bank of China 3,494,016 4,013.769
3 China Construction Bank Corp. 3,554,279 3,904,785
4 Bank of China Ltd.* 3,979,965 4,270,443
5 Bank of Communications 950,443 1,145,455
6 China Merchants Bank Co. Ltd. 493.972 586,715
7 China CITiC Bank 419,803 514,822
8 Shanghai Pudong Development Bank Co. Ltd 370,833 455,751
9 China Minsheng Banking Corp. Ltd. 360,982 445,297
10 China Everbright Bank Co. Ltd. 394,423 423,690
11 Guangdong Development Bank Co. Ltd. 301,733 344,500
12 Industrial Bank Co. Ltd. 259,999 340,522
13 Hua Xia Bank Co. Ltd. 242,882 304,122
14 Bank of Shanghai 193,368 219,838
15 Bank of Beijing 171,030 208,755
1 6 Shenzhen Development Bank Co. Ltd. 189,783 197,560
17 Shenzhen City Commercial Bank 59,258 68,257
18 Tianjin City Commericai Bank 53,964 60,578
19 Guangzhou City Commercial Bank** 45,875 45,875
20 Hangzhou City Commercial Bank 39,752 38,159
21 Nanjing City Commercial Bank 29,582 38,145
22 Ningbo City Commercial Bank 30,744 34,322
23 Dongguan City Commercial Bank 28,150 31,808
24 Wuxi City Commercial Bank 24,832 29,061
25 Evergrowing Bank Co. Ltd. 20,231 27,244
26 Wuhan City Commercial Bank** 26,400 26,400
27 Changsha City Commercial Bank 22,586 25,916
2 8 Dalian City Commercial Bank** 25,724 25,724
29 Xi'an City Commercial Bank 25,306 25,266
30 Harbin City Commercial Bank 19,891 23,800
31 Chongqing Commercial Bank 24,436 23,732
32 Jinan City Commercial Bank 19,943 23,639
33 Chengdu City Commercial Bank 21,805 23,597
34 Guiyang City Commercial Bank 19,488 22,569
35 Shijiazhuang City Commercial Bank 20,900 22,359
36 Kunming City Commercial Bank 19,464 20,542
37 Yantai City Commercial Bank 20,159 20,414
38 Zhengzhou City Commercial Bank** 16,884 16,884
39 Urumqi City Commercial Bank** 15,701 15,701
40 Qingdao City Commercial Bank 16,121 15,243
41 Wenzhou City Commercial Bank 11,107 14,938
42 Hefei City Commercial Bank** 14,115 14,115
43 Zibo City Commercial Bank 12,654 14,100
44 Suzhou City Commercial Bank 10,152 13,462
45 Taiyuan City Commercial Bank** 12,645 12,645
46 Shaoxing City Commercial Bank 11,519 12,475
47 Taizhou City Commercial Bank** 11,049 11,049
48 China Zheshang Bank Co. Ltd. n/a 10,307
49 Linyi City Commercial Bank 8,400 9,800
50 Anshan City Commercial Bank** 8,800 8,800
Bank of China's unconsolidated total assets (largely representing its domestic operation) were RMB 3,489,639 million in 2004 and RMB 3,250,886 million in 2003.
ased on 2D03 data as 2004 data not available
s Top 50 Santa, Standard and Poor's
  • Western banks have invested US $ 25 billion into China's banking sector.
http://www.bjreview.com.cn/06-32-e/bus-4.htm
Top 10 banks in detail
RMB million
Total assets Loans Deposits Shareholder equity NOI Net profit NPAs
Industrial and Commercial Bank of China Ltd.
2000 4-3,997,845 2,431,944 3,266,792 187,506 16,107 5,220 830,999
2001 4,338,985 2,683,877 3,612,194 191,253 31,977 5,950 791,989
2002 4,776,773 3,002,283 4,100,517 178,208 43,568 6,527 920,595
2003 5,279,120 3,392,937 4,606,202 170,501 57,299 2,473 854,665
2004 5,670,521 3,705,274 5,060,718 162,983 73,511 2,311 812,285
Agricultural Bank of China
2000 2,184,885 1,484,356 1,808,902 134,742 6,340 297 n/a
2001 2,527,990 1,646,178 2,091,411 133,159 7,727 1,152 693,370
2002 2,976,566 1,912,960 2,479,618 136,040 17,229 2,897 700,717
2003 3,494,016 2,268,393 2,997,288 137,969 24,215 1,922 695,489
2004 4,013,769 2,590,072 3,491,549 78,063 29,004 2,003 692,389
China Construction Bank Corp.
2000 2,531,695 1,386,386 2,010,284 114,850 20,536 7,540 247,360
2001 2,752,372 1,505,906 2,265,536 107,567 30,404 5,167 355,339
2002 3,083,195 1,766,388 2,599,652 107,236 36,016 4,250 337,845
2003 3,554,279 2,122,134 2,971,280 186,280 50,133 411 259,255
2004 3,904,785 2,225,585 3,455,468 194,744 66,959 48,388 105,628
Bank of China Ltd.*
2000 3,441,311 1,546,262 2,390,440 202,242 41,957 7,723 416,796
2001 3,361,619 1,631,769 2,477,143 218,420 38,751 7,908 448,050
2002 3,536,169 1,836,263 2,750,305 219,426 46,934 9,509 456,146
2003 3,842,153 2,159,097 3,087,111 186,371 50,718 4,587 368,731
2004 4,270,443 2,146,462 3,342,477 205,351 62,822 20,932 112,232
Bank of Communications
2000 628,182 336,006 502,989 30,726 7,555 2,025 60,166
2001 661,389 377,041 564,763 32,423 8,260 1,909 60,740
2002 766,874 417,320 670,721 32,565 6,495 1,263 87,572
2003 950,443 522,846 852,230 40,644 12,129 83 76,690
2004 1,145,455 640,058 1,029,941 53,553 12,604 1,604 23,597
China Merchants Bank Co. Ltd.
2000 219,508 121,372 163,881 3,685 2,418 804 12,573
2001 258,230 140,185 212,827 4,912 3,227 1,375 16,274
2002 366,191 206,931 300,183 16,829 4,325 1,847 14,110
2003 493,972 307,480 400,960 18,324 6,172 2,180 10,948
2004 586,715 375,907 508,458 21,958 9,114 3,241 11,452
China CITIC Bank
2000 235,285 120,182 163,546 8,563 1,876 924 1,336
2001 300,396 160,486 226,688 9,509 2,430 946 23,860
2002 335,163 206,746 3 268,708 9,337 3,427 1,416 24,208
2003 419,803 268,519 3 350,367 16,845 4,132 1,544 24,126
2004 514,823 316,714 433,898 19,666 5,951 318 21,061
Shanghai Pudong Development Bank Co.
2000 128,870 70,500 105,590 6,654 1,702 728 7,563
2001 173,919 97,198 147,333 7,672 2,117 1,018 8,498
2002 279,741 175,289 242,262 8,432 3,401 1,242 7,898
2003 370,833 255,848 321,065 12,104 5,053 1,575 6,712
2004 455,751 311,122 394,169 13,640 7,053 1,966 7,840
China Minsheng Banking Corp. Ltd.
2000 69,957 39,483 52,715 5,242 820 134 1,820
2001 138,385 78,244 104,599 5,681 1,660 608 3,569
2002 244,551 132,750 186,807 6,989 2,099 885 3,020
2003 360,982 205,181 274,816 9,764 3,414 1,368 3,092
2004 445,297 290,780 380,081 12,717 4,962 2,007 4,647
China Everbright Bank Co. Ltd.
2000 204,196 100,768 151,835 9,362 1,570 272 29,789
2001 265,406 152,350 207,441 12,535 1,372 176 32,247
2002 319,216 191,287 267,724 12,812 1,891 272 30,370
2003 394,423 248,568 343,570 13,336 2,860 433 27,403
2004 423,690 268,000 385,300 1,742 5,100 4,582 26,500

*NOI: Net Operating Income before provisions

**NPAs: Non-performing assets

Source: Top 50 Banks, Standard and Poor’s
Bank deposits
RMB trillion
  2000 2001 2002 2003 2004
All deposits 12.38 14.36 17.09 20.81 24.05
Enterprise deposits 4.41 5.15 6.00 7.25 8.47
Finance deposits 0.35 0.34 0.35 0.51 0.62
Government deposits 0.22 0.29 0.52 0.67 0.82
Household savings deposits 6.43 7.38 8.69 10.36 11.96
Rural deposits 0.26 0.31 0.38 0.49 0.55
Trust deposits 0.29 0.27 0.24 0.25 0.21
Other deposits 0.41 0.63 0.91 1.27 1.43
Source: The People’s Bank of China
NPL in banks
RMB bn
  NPLs NPL* ratio
2001 2,172.10 30.50
2002 2,077.00 26.00
2003 1,992.00 22.20
2004 1,717.60 13.21
2005 1,313.36 8.50

* NPL: Non-performing loan

Source: People’s Bank of China, China Banking Regulatory commission
Assets & NPSs in city commercial banks
US$ billion
  Assets NPL proportion (%)
2002 145.10 24.03
2003 182.20 17.70
2004 212.50 11.70
2005 253.81 7.70

* NPL: Non-performing loan

Source: People’s Bank of China, China Banking Regulatory commission
Market capitalization of stock exchanges
US$ billion
  Shanghai Shenzhen Hong Kong
2000 336.59 264.47 626.85
2001 344.84 199.12 508.75
2002 317.00 162.05 465.56
2003 372.51 158.14 715.21
2004 325.48 137.99 863.22
2005 352.79 116.63 1054.54
Source: Shanghai, Shenzhen & Hong Kong Stock Exchanges
Overseas IPOs
  Listed companies Market capitalization (US$ mn) Listed mainland companies Largest IPO company Equity bonds raised (US$ mn)
Singapore Stock Exchange 664 263,375 89 People’s Food Holdings Ltd 289.91
HK Stock Exchange 934 1,046,328 166(79 Hshare, 87 redchip) China Construction Band 6,230.00
HK Stock Exchange GEM 201 8,589,52 44(40 Hshare, 4 redchip) Wumart Stores, Inc 70.49
NYSE 2,775 21,400,000 17 China Life 1,080.00
NASDAQ 3,208 3,700,000 19 SINA.com 1,280.00
LSE Mainboard 1,692 7,142,000 6 Sinopec 2,890.00

IPO: Initial public offering

Source: NYSE, NASDAQ, LSE, Singapore Stock Exchange, Hong Kong Stock Exchange (Overseas IPO’s cont)
Groundbreaking Chinese companies
  Date Company
Singapore Stock Exchange 1/1/1993 COSCO Corporation Ltd
HK Stock Exchange 7/15/1993 Tsingtao Brewery Co Ltd
HK Stock Exchange GEM 7/27/2000 Beijing Beida Jade Bird Universal Sci-Tech Co Ltd
NYSE 7/26/1993 Sinopec Shanghai Petrochemical Company Limited
NASDAQ 7/8/1995 China Naturl Resources, Inc.
LSE Mainboard 3/20/1997 Datang Inti Power Generation
LSE AIM 10/30/2000 CYC Holdings
Source: NYSE, NASDAQ, LSE, Singapore Stock Exchange, Hong Kong Stock Exchange (Groundbreaking Chinese companies cont )
Listed Chinese companies
  NYSE NASDAQ Main board LSE AIM LSE Main board HKSE GEM HKSE Singapore Stock Exchange
1995 0 0 0 0 3 0 1
2000 2 0 2 0 5 3 1
2001 2 0 2 0 6 6 3
2002 1 0 0 1 7 12 0
2003 1 1 0 0 14 9 13
2004 2 8 1 4 15 11 34
2005 2 7 0 11 14 3 27
Source: NYSE, NASDAQ, LSE, Singapore Stock Exchange, Hong Kong Stock Exchange (Groundbreaking Chinese companies cont )
Securities and futures
  2001 2002 2003 2004 2005
Domestically listed companies 1,160 1,224 1,287 1,377 1,381
Total shares issued (Billion) 521.80 587.55 642.85 714.94 762.95
Tradable shares (Billion) 1,813.17 2,036.90 2,269.92 2,577.18 2,914.77
Total stock market capitalization (RMB bn) 435.22 383.29 424.58 370.56 324.30
Market cap. Of tradable shares (Billion) 144.63 124.85 131.79 116.89 106.31
Total stock trading volume (Trillion shares) 315.23 301.62 416.31 582.77 662.35
Total stock tumover (RMB bn) 383.05 279.90 321.15 423.34 316.63
Securities Accounts (million) 6,965.90 7,202.16 7,344.41 7,215.74 7,336.07
Shanghai Stock Exchange (close price) 1,645.97 1,357.65 1,497.04 1,266.50 1,161.06
Shenzhen Stock Exchange (close price) 475.94 388.76 378.62 315.81 278.74
Treasury bond issued (RMB bn) 488.40 593.43 628.01 692.39 704.20
Futures transaction volume (million lot) 120.46 139.43 279.92 305.70 322.87
Futures turnover ( RMB bn) 301.45 394.90 1,083.97 1.469.35 1,334.63
Source: China Securities and Futures Markets: http://www.csrc.gov.cn/cms/uploadFiles/china%20securities%20and%20futures%20markets%202006.1153806472195.pdf (securities and futures cont. )
Private equity transactions
US$ billion
  Deals completed Value
2004 68 1.25
2005 90 3.00
Source: China Securities and Futures Markets, http://www.csrc.gov.cn/cms/uploadFiles/china%20securities%20and%20futures%20markets%202006.1153806472195.pdf
 
  • China ’s futures turnover reached RMB 1.79 trillion in July 2006.
Source: China Futures Association, http://www.bjreview.com.cn/06-32-e/bus-6.htm
  • Total business volume in the futures market in first seven months of 2006 rose 57% over same period in 2005.
Source: China Futures Association, http://www.bjreview.com.cn/06-32-e/bus-6.htm
  • Turnovers of Shanghai’s future exchange market accounted for 65.95% of China’s total
Source: China Futures Association, http://www.bjreview.com.cn/06-32-e/bus-6.htm
  • 10 companies had raised RMB 40.6 billion in IPOs on mainland markets by the end of July 2006.
Source: China Futures Association, http://www.bjreview.com.cn/06-32-e/bus-6.htm
Shanghai & Shenzhen stock exchanges
  Shanghai Stock Exchange (SHSE) Shenzhen Stock Exchange (SZSE)
Founding date 1/26/1990 12/1/1990
Total market capitalization (RMB bn) 2,130 933
Listings 834 544
Equities 878 586
Source: China Securities and Futures Markets
  • Fixed-asset investment was RMB4.24 trillion in the first half of 2006.
Source: National Bureau of Statistics, BJ Review no.32
Qualified foreign institutional investors (QFII)*
  Quota (US$ million)
UBS Limited 800
Nomura Securities Co., Ltd 50
Citigroup Global Markets Limited 550
Morgan Stanley & Co. International Limited 400
Goldman Sachs & Co. 150
The Hongkong and Shanghai Banking Corporation Limited 400
Deutsche Bank Aktiengesellschaft 400
ING Bank N.V. 300
JP Morgan Chase Bank 150
Credit Suisse First Boston ( Hong Kong) Limited 300
Nikko Asset Management Co., Ltd 450
Standard Chartered Bank ( Hong Kong) Limited 75
Hand Seng Bank Limited 150
Daiwa Securities SMBC Co., Ltd 50
Merrill Lynch International 300
Lehman Brothers International ( Europe) 200
Bill & Melinda Gates Foundation 100
INVESCO Asset Management Limited 50
ABN AMRO Bank N.V. 175
Societe Generale Asset Management S.A. 50
Templeton Asset Management Limited n/a
Barclays Bank PLC 75
Dresdner Bank Akitengesellschaft 75
Fortis Bank S.A./NV 400
BNP Paribas 200
Power Corporation of Canada 50
CALYON S.A. 75
Goldman Sachs Asset Management International 200
Government of Singapore Investment Corporation 100
Martin Currie Investment Management Ltd.\ 120
AIG Global Investment Corp. 50
Temasek Fulllerton Alpha Pte Ltd 100
JF Asset Management Limited 150
Dai-ichi Mutual Life Insurance Company 100
DBS Bank 100
MP Capital Investors Limited n/a
The Bank of Nova Scotia 150
KBC Financial Products UK Limited 100
La Compagnie Financierr Edmond de Rothschild Banque n/a
Yale University n/a
Total 7145

*as of June 2006

Note: Under the QFII program, foreign companies are authorized to invest up to a certain amount in mainland stock markets.

=
RMB leanding rate
  Interest Rate (% per annum) Oct 29th, 2004 Interest Rate (% per annum) Apr 28 th, 2006
Short-term loans    
Within 6 months (including 6 months) 5.22 5.4
6 months to 1 year (including 1 year) 5.58 5.85
Medium and long-term loans    
1 to 3 years (including 3 years) 5.76 6.03
3 to 5 years (including 5 years) 5.85 6.12
More than 5 years 6.12 6.36
Source: People’s Band of China
  • In 2005 Chinese banks suffered a total pre-tax loss of US$84 million in their credit card business.
http://www.bjreview.com.cn/06-32-e/bus-4.htm
  • Credit card business accounts for 4% of overall profits in the banking sector.
http://www.bjreview.com.cn/06-32-e/bus-4.htm
  • By 2013 China’s credit card business will account for 14% of overall profits of banking sector.
http://www.bjreview.com.cn/06-32-e/bus-4.htm
  • China Merchants Bank achieved profit in its credit card business of RMB60 million in first quarter of 2006.
Source: http://www.bjreview.com.cn/06-32-e/bus-4.htm
  • There were 12 million credit card users in China at beginning of 2006.
Http://www.bjreview.com.cn/06-32-e/bus-4.htm
  • Nearly 20 million credit cards have been issued in China.
Http://www.bjreview.com.cn/06-32-e/bus-4.htm
  • 50% of credit card users have credit cards because of their companies or work units.
Source: Mckinsey & Co, Http://www.bjreview.com.cn/06-32-e/bus-4.htm
Futures trading volume & turnover
  Annual turnover (US$ billion) Annual trading volume (million)
1995 1,243.75 636.1
2000 198.9 54.61
2001 372.82 120.5
2002 488.4 139.43
2003 1,340.49 279.86
2004 1,817.24 305.7
Source: China Securities Regulatory Commission
Corporate taxed
US$ billion
  Foreign firms Domestic firms
2000 3.94 13.51
2001 6.19 19.44
2002 7.44 16.38
2003 8.52 19.77
2004 11.27 26.69
Source: State Administration of Taxation
  • China ’s tax revenue was US$386 billion in 2005.
Source: http://news.xinhuanet.com/english/2006-07/25/content_4877505.htm
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