Definition
The Commercial Banks Industry In China (CSIC 2002 Code - 6820) refers to establishments primarily engaged in accepting savings deposits; providing loans; providing transaction services; and other corporate and consumer financial services. Commercial banks in China are divided into five main groups - state-owned commercial banks, which includes the biggest four banks in China; joint-stock commercial banks with stock, private and foreign stock share operating at the national level; city commercial banks operating at the city level; foreign and joint venture (JV) banks; and others, including urban and rural credit cooperatives, rural commercial banks, and urban cooperative banks. All requirements and regulations for commercial banks are included in "The Law of the People's Republic of China on Commercial Banks". The minimum registered capital varies from 100 million Renminbi (RMB) ($12.5 million) for city commercial banks and foreign banks, to 1 billion RMB ($125 million) for commercial banks at the national level.
Major Players
The key competitors in this industry are:
·Industrial and Commercial Bank of China - Market Share: XX%
·China Construction Bank - Market Share: XX%
·Bank of China - Market Share: XX%
·Bank of Communications - Market Share: XX%
·Agricultural Bank of China - Market Share: XX%
·China Merchants Bank - Market Share: XX%
Segments
·The major products and services covered in this market research report are:
·Household Saving Deposits
·Corporate Deposits
·Other Deposits
·Other
·Deposits of Government Agencies and Organizations
·Bonds
·Liabilities to International Financial Institutions
Activities
The primary activities of companies in this industry are:
·Public deposits
·Short, medium and long-term loans
·Settlement of domestic and overseas accounts
·Agency for issue of financial bonds
·Agency for issue, cash and sales of government bonds
·Agency for receipts, payment and insurance businesses
·Inter-bank lending and borrowing
·Foreign currency exchange
·Letter of credit (L/C) service and guarantee
·Safe boxes provision |