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| Author: | Zhao, Jingxia Yu, Xionfei |
| Title: | Participation of foreign-funded banks and open-up of Chinese financial industry (original in Chinese) |
| Journal: | Management World (c)
1996 : 5, p.41-49 |
| Index terms: | FOREIGN BANKS FINANCIAL MARKETS FINANCIAL MANAGEMENT OPEN ECONOMY CHINA |
| Language: | chi |
| Abstract: | According to the statistics from the People's Bank of China, by the end of 1995, 137 foreign-funded monetary establishments had been authorized in China whose representative offices totaled up to 519, more than 30 nations and regions involved. The open-up regions of Chinese financial industry have been continually extended from the special zones to Shanghai, 13 coastal cities and 11 internal cities for foreign-funded monetary establishments to be set up. Up to the end of November in 1995, the gross assets of foreign-funded the banks and financial companies had reached US$ 18.33 billion, loan balance US$ 12.05 billion, deposit balance $ 3 billion, and profits after tax $150 million. |
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