Foreign Banks

Violaine Cousin

Chapter 13 in Banking in China, 2007, pp 145-149 from Palgrave Macmillan

Abstract: Abstract Up to October 2005, 244 foreign banks in China came from 60 countries and had established 476 operational entities (including branches and representative offices, which represent half that figure). According to statistics published by CBRC, foreign banks had total assets of USD 84.5 bin (CBRC, 2005a). Foreign banks, at the end of 2004, held deposits amounting to CNY 64.1 bin and loans amounting to CNY 267 bin (Xu N. and Wang Z., 2005). Most foreign branches were established in Beijing (13%), Shanghai (28%) and Shenzhen (10%) at the end of the third quarter of 2005 (Xiao Z., 2006).

Date: 2007
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DOI: 10.1057/9780230595842_13

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