2016/10/3 Policy banks Policy Banks China Development Bank Agricultural Development Bank of China Established in 1994, directly supervised by the Established in 1994, directly supervised by the State Council r task is to provide long-term financing It raises funds for agricultural policy businesses ojects and supportive construction in and undertake the agricultural policy credit ture and basic and pillar industries businesses specified by the central government The bank was reformed in 2008 with $20 billion Most of the funds come from the central bank capital injection and renamed as"China lending, supplemented by deposits from business Development Bank Corporation and overseas financing Policy Banks Postal Savings Bank of China The Export-Import Bank of china Postal savings services started from 1986 with the Established in 1994, directly supervised by the establishment of CPSrb(China Postal Saving State Council It finances the exporting of machinery and CPSRB had a deposit balance of 1.6 RMB trillion by electronic products and high-tech products, and the end of 2006, the biggest saving institution after supports overseas constructions contracts. It also accepts government concession loans and onlends loans of foreign government and tate Council approved the establishment of the nternational financial institutions postal savings bank in July 2005; CBRC released the plan in June 2006 CPSB was established in Mar 20th, 2007 loint -stock Commercial banks Joint-stock Commercial Banks I Found Time IPo 招育中信银行 m平⑥兴业銀有 Tank er)azs c 中国光大银行 Huada Bank pct-82 SsE: 2003/9/12 ⑤忠◆但丰银行浙商银行 a67172 061550 From 2014 annual repor2016/10/3 7 Policy Banks • China Development Bank – Established in 1994, directly supervised by the State Council – The major task is to provide long-term financing for key projects and supportive construction in infrastructure and basic and pillar industries – The bank was reformed in 2008 with $20 billion capital injection and renamed as “China Development Bank Corporation”. 2-37 Policy Banks • Agricultural Development Bank of China – Established in 1994, directly supervised by the State Council – It raises funds for agricultural policy businesses and undertake the agricultural policy credit businesses specified by the central government – Most of the funds come from the central bank lending, supplemented by deposits from business and overseas financing. 2-38 Policy Banks • The Export-Import Bank of China – Established in 1994, directly supervised by the State Council – It finances the exporting of machinery and electronic products and high-tech products, and supports overseas constructions contracts. – It also accepts government concession loans and onlends loans of foreign government and international financial institutions. 2-39 2-40 Postal Savings Bank of China • Postal savings services started from 1986 with the establishment of CPSRB(China Postal Saving Regulatory Bureau) • CPSRB had a deposit balance of 1.6 RMB trillion by the end of 2006, the biggest saving institution after the "big four” • State Council approved the establishment of the postal savings bank in July 2005; CBRC released the plan in June 2006 • CPSB was established in Mar 20th, 2007. Joint-stock Commercial Banks 2-41 2-42 Found Time IPO Total Assets* Revenue* Net Profit* China Merchant Bank 1987/4 SSE: 2002/4/9; HKSE: 2006/9/22 4.73 165.86 55.91 Industrial Bank Jun-88 SSE: 2007/2/5 4.41 124.9 47.14 Shanghai Pudong Development Bank Aug-92 SSE: 1999/11/10 4.20 123.18 47.03 China Citic Bank Apr-87 SSE&HKSE: 2007/4/26 4.14 124.72 40.69 China Minsheng Bank Jan-96 SSE:2000/12/19; HKSE:2009/11/26 4.02 135.47 44.55 China Everbright Bank Aug-92 SSE: 2010/8/18/; HKSE:2013/12/20 2.74 78.53 28.8 Ping An Bank Dec-87 SZSE: 1991/4/3 2.19 73.41 19.8 Huaxia Bank Oct-92 SSE: 2003/9/12 1.85 54.89 17.98 China Guangfa Bank Jun-88 1.65 44.64 12.04 Hengfeng Bank 2003 reorg. 0.85 19.82 7.17 China Zheshang Bank 2004 reorg. 0.67 17.24 5.03 China Bohai Bank Feb-06 0.67 15.57 5.03 Joint-stock Commercial Banks *From 2014 annual reports