Financial Intermediation

I. Main Content

Data in this chapter show the development of China’s banking, securities and insurance, in the following 5 aspects: (1) The number of the institutions and personnel in the banking system; (2) The financial activities of banking institutions; (3) The changes of the interest rates of the deposits and loans; (4) The direct financing; (5) The business of insurance.

II. Sources of Data:

(1) Table 20-1 showing the number of banking institutions and personnel are prepared by the personnel departments of the Headquarter of the People’s Bank of China on the basis of the related administrative registers.

(2) Tables 20-2 to 20-9, and tables 20-12 to tables 20-14 show the banking activities of banks and rural credit cooperatives. The statistics cover the balance table of the credit funds (tables 20-2 and 20-3), cash revenue, expenditure and balance of the banking institutions (tables 20-4 to table 20-6, and tables 20-13,20-14 ), source and use of credit funds of national banks, money supply (tables 20-8, 20-9), and gold and foreign exchange reserves (table 20-12), . Statistics in tables 20-2 to 20-9 and tables 20-12 to tables 20-14 cover the People’s Bank of China, the state policy banks, the state-owned commercial banks, other commercial banks, urban and rural credit cooperatives, foreign banks, financing corporations, trust investment corporations, financing and leasing corporations, and savings deposit institutions under the postal offices. The grassroots units of the above banking institutions 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 departments.

(3) Tables 20-10 and 20-11 show the changes of the interest rates of savings deposits and loans. Data are from the interest rates of deposits and loans stipulated and published by the Head Office of the People’s Bank of China.

(4) Tables 20-15 to 20-19 show the direct fund raising. Data are from the Statistical Yearbook on China’s Securities and Futures compiled by China Securities Regulatory Commission.

(5) Tables 20-20 and 20-25 show the business of insurance, with data coming from the insurance statistics compiled by China Insurance Regulatory Commission.