Banking and Insurance

Brief Introduction

I.     Data in this chapter show the development of China's finance and insurance, including the following 6 parts: (1) the number of the institutions and personnel in the system of banking, insurance and rural credit cooperatives; (2) the financial activities of banks and rural credit cooperatives; (3) the changes of the interest rates of the deposits and loans; (4) the direct finance; (5) the international balance of payments in China; (6) the business of insurance.

II.    Sources of data:

 (1) Table 19-1 and Table 19-8 showing the number of banking institutions and personnel are prepared by the personnel departments of the Headquarter of the People's Bank of China and the Rural Credit Cooperatives on the basis of the related administrative registers.

 (2) Tables 19-2 to 19-7 and Table 19-9 shows the banking activities of banks and rural credit cooperatives. the statistical coverage of the balance table of the credit funds of the national banks and the tables on the cash revenue and expenditure of the national banks include the State Development Bank, Export and Import Bank of China, Agricultural Development Bank of China, People's Bank of China, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, Construction Bank of China, Bank of Communications, CITIC Industrial Bank and savings deposit agencies of postal offices. the grassroots banks of these policy banks and industrial and commercial banks fill out the questionnaires and report to the higher authorities. the higher authorities tabulate the data level by level. Finally, the Department of Investigation and Statistics of the Head Office of the People's Bank of China tabulate the data and get the national total. the data in the table on the gold and foreign exchange reserves are extracted from the balance sheet of the People's Bank of China and provided by its concerned department. the data in the table on the balances of deposits and loans of rural credit cooperatives come from the summary data of the Rural Credit Cooperatives, which is processed on the basis of the grassroots cooperatives.

(3) Tables 19-10 and 19-11 show the changes of the interest rates. Data are collected from the interest rates of deposits and loans stipulated and published by the Head Office of the People's Bank of China.

(4) Table 19-12 shows the direct fund raising. the data are collected from the “Annual Statistical Report on China's Securities in 1996” compiled by China Securities Regulatory Commission.

(5) Table 19-13 shows the international balance of payments is “Balance of Payments” with data collected from “The Balance of Payments in China” compiled by the State Administration of Foreign Exchange.

(6) Table 19-14 shows the business of insurance, with data coming from the final financial account of the People's Insurance Company of China.