Commercial Banks in China

By: EconomyWatch   Date: 9 September 2010

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Commercial Banks in China
China has a large and robust banking system, largely comprised of Chinese and international commercial banks.

These commercial banks are instrumental in supplying funds to the growing nation's large manufacturing base as well as other industries.

In October of 2008, China's Central Bank deposited 30 billion yuan (US $4.4 billion) into China's commercial banks for much-needed lending.China's State Council, or the Cabinet, has been pushing for these banks to make more lending available to encourage growth, amid the financial crisis which started in late-2008.

Aside from government cash injections to meet the demand for loans among medium- and small-sized enterprises, investors in the countryside and consumers, the government has implemented measures which included the following:

  • Building a stronger capital market
  • Intoducing more modern methods of financing
  • Improving the management of foreign exchange
  • Using fiscal funds to help banks reduce bad assets
  • Increasing financial reform to monitor potential future dangers and risks

Below is a list of commercial banks:

  • Agricultural Bank of China
  • Bank of America (Asia) Ltd.
  • Bank of China
  • Bank of East Asia
  • Chekiang First Bank Ltd.
  • China Merchants Bank
  • Citibank Hong Kong
  • Dah Sing Bank
  • Dao Heng Bank Group
  • Hang Seng Bank
  • Hong Kong Bank
  • International Bank of Asia
  • Jardine Fleming
  • Kwong On Bank
  • Shanghai Commercial Bank
  • Standard Chartered
  • Domestic and foreign banks and financial institutions in Shanghai
  • Union Bank of Hong Kong Limited
  • Wing Hang Bank
  • Wing Lung Bank

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