中文


2019-08-05     

Banking Structure Continuously Optimized with Five Large Banks Accounting for 37% of Total Banking Assets

 

Following the guidance of the central government, the CBIRC proactively accelerated financial supply-side structural reform with banking structure further adjusted and optimized. The level of concentration of the banking sector has been improved to a reasonable level. The assets of five large banks, namely the Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), Bank of China (BOC), China Construction Bank (CCB) and Bank of Communications (BoCom), account for 37% of the banking industry. A diversified banking service system has largely taken shape.

 

At the end of 2018, there were 4,588 banking institutions with more than 20 types of institutions in China, including policy banks, national commercial banks such as large banks, joint-stock banks and foreign banks, regionally incorporated banks such as urban commercial banks, private banks, rural cooperative financial institutions, village and township banks that focus on local communities, small and micro enterprises and  agro-related business and services, and other non-bank institutions such as trust companies. A multi-level banking system with wide-ranging coverage has basically been established. In recent years, the CBIRC has actively and steadily pushed forward the reform of mixed ownership and orderly guided private capital to enter the banking industry in accordance with applicable laws and regulations. There are now more than 3,000 banking institutions controlled by private capital, which accounts for more than 40% of the total equity of joint-stock banks, 50% of that of the urban commercial banks and 80% of that of the rural cooperative financial institutions. 17 private banks have been approved to set up since 2014. Various types of institutions continue to promote the construction of channels and optimize the layout of outlets. At present, banking institutions have a total of 221,000 domestic outlets, among which, 68,000 outlets are operated by five large banks, accounting for 31% of the total, and are widely located in urban and rural areas.

 

Over recent years, the concentration level of China's banking industry has been further improving. At the end of 2018, the aggregate assets of five large banks totaled RMB 105 trillion, accounting for 37% of the banking institutions. The balance of various deposits was RMB 76 trillion, accounting for 44% of the banking industry. The balance of various loans was RMB 58 trillion, accounting for 38% of the industry. The number of employees is 1.65 million, accounting for 40% of the industry Compared with major economies such as Europe and the United States, China's banking industry has a lower concentration and is at a reasonable level.



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