2016/10/3 Current Banking System State-owned Commercial Banks 中国工商银行 中圆 [596 Rural Cre 交通银行 man Bausparkas 国銀行 中国农业银行 BANK OF CHINA State-owned Commercial Banks History of BOC China's first central bank was established as the bank mRMB)RMB{a随M时 The name was changed to the Great Qing Government Bank(Daqing Bank)in 1908. be used in all public and private fund transfers including tax payments and debt settlements ollowing the Xinhai Revolution of 1911, Daqing BOC was specialized in forex transactions during ' As of mid 2015: " From 2014 annualreports 1953-1978. History of BoCom Other State-owned Banks Bank of Communications was organized by the Policy Banks Postal Savings Bank of Ministry of Posts and Communic It was chartered as"the bank fo ications in1908. All established in 1994 china eloping the irectly supervised by the established in Mar 2007 countrys industries State Council the former as CPSRb( China The bank's aim was to unify funding for steamship Postal Saving Regulator ines, railways, as well as telegraph and postal facilities 中国表业发晨银行 The bank opened its first Hong Kong Branch on 27 中禺好政行 November 1934 BoCom merged to PBC and CCB in 1958 except the business in Hong Kong 62016/10/3 6 Current Banking System 2-31 Banking System in China 5 State-owned Commercial Banks 12 Joint Stock Commercial Banks 133 City Commercial Banks 3 Policy Banks 665 Rural Commercial Banks 89 Rural Cooperative Banks 1596 Rural Credit Cooperatives 41 Incorporated Foreign Banks 68 Trust Companies 49 Rural Mutual Cooperatives 1 China-German Bausparkasse 30 Financial Leasing Companies 18 Auto Finance Companies 1 Postal Saving Bank As of end 2014 6 Consuming Finance Companies 5 Money Brokerage Firms 1153 Town and Village Banks 196 Finance Companies 4 Asset Mgt. Companies 14 Lending Companies 2-31 State-owned Commercial Banks 2-32 2-33 Establish Year IPO Huijin Holding* MOF Holding Total Assets** (Tril. RMB) Rev.** (Bil. RMB) Net Profit** (Bil. RMB) CCB 1954 SSE：2007/9/15 HKSE：2005/10/27 57% 16.74 570.47 227.83 BOC 1912 SSE：2006/6/23 HKSE：2006/6/11 64% 15.25 456.33 169.60 ICBC 1984 SSE：2006/10/27 HKSE：2006/10/27 35% 34.88% 20.61 658.89 275.81 ABC 1955 SSE： 2010/7/15 HKSE：2010/7/16 40% 42.70% 15.97 520.86 179.46 BoCom 1908 SSE：2007/5/15； HKSE：2005/6/24 26.5% 6.27 177.40 65.85 State-owned Commercial Banks *As of mid 2015；**From 2014 annual reports History of BOC • China's first central bank was established as the Bank of the Board of Revenue in 1905. • The name was changed to the Great Qing Government Bank (Daqing Bank) in I908. • Daqing Bank's note was granted exclusive privilege to be used in all public and private fund transfers, including tax payments and debt settlements. • Following the Xinhai Revolution of 1911, Daqing Bank was renamed the Bank of China. • BOC was specialized in forex transactions during 1953-1978. 2-34 History of BoCom • Bank of Communications was organized by the Ministry of Posts and Communications in 1908. • It was chartered as "the bank for developing the country's industries". • The bank's aim was to unify funding for steamship lines, railways, as well as telegraph and postal facilities. • The bank opened its first Hong Kong Branch on 27 November 1934. • BoCom merged to PBC and CCB in 1958 except the business in Hong Kong. 2-35 Other State-owned Banks Policy Banks • All established in 1994, directly supervised by the State Council Postal Savings Bank of China • established in Mar 2007 • the former as CPSRB(China Postal Saving Regulatory Bureau) 2-36