Brief Introduction

I. Main Contents

Data in this chapter show the development of China’s financial, securities and insurance industries, in the following four aspects: (1) the financial activities of the financial institutions; (2) the situations regarding the adjustment of deposit and loan interest rates; (3) the situation regarding direct financing; (4) the situation regarding the insurance business.

II. Sources of Data

(1) Data on the activities of financial institutions are balance sheet of RMB credit funds of financial institutions (funds sources), balance sheet of RMB credit funds of financial institutions (funds uses), money supply at year-end, growth rate of money supply over the previous corresponding period, gold and foreign exchange reserves, balance sheet of monetary authority (balance at year-end), balance sheet of other depository corporations (balance at year-end), balance sheet of foreign-funded banks at year-end，statistics on increment of all-system financing aggregates and composition，statistics on stock of all-system financing aggregates and composition. Statistical scope of balance sheet of credit funds of financial institutions and data on cash income and expenditure cover the People’s Bank of China, banking depository financial institutions, banking non-depository financial institutions. Banking depository financial institutions include banks, credit cooperatives and finance companies; Banking non-depository financial institutions include financial trust and investment companies, financial leasing companies, auto financing companies and loan companies. The grassroots units of the above financial institutions fill out the questionnaires and report to the higher authority. The higher authorities tabulate the data level by level. Finally, the Head Office of the People’s Bank of China tabulates the data to obtain the national total. Data on gold and foreign exchange reserves are extracted from the balance sheet of the People’s Bank of China and are provided by the relevant departments in the Bank.

(2) Official benchmark interest rates of deposits of financial institutions and official benchmark interest rates of loans of financial institutions show the changes of the official benchmark interest rates of deposits and loans. These official benchmark interest rates of deposits and loans are stipulated and published by the Head Office of the People’s Bank of China.

(3) General statistics on securities markets, number of listed companies, issuance of securities markets and statistics of stock trading show the situation regarding direct financing. Data are from the Statistical Yearbook on China’s Securities and Futures compiled by China Securities Regulatory Commission.

(4) Economic and technical indicators of insurance companies，situations of assets of insurance company，fund uses of insurance company, premium of primary insurance and payment by region show the business situation of the insurance industry, with data from the insurance statistics compiled by the China Banking and Insurance Regulatory Commission.