As of the end of March this year, assets from foreign banks in China amounted to 193.094 billion U.S. dollars, up 55.39% over the same period last year, making up 2.44% of total assets from financial institutions in China's banking industry.
However, Yang Zaiping, vice president of the China Banking Association (CBA), at the academic forum on reform and opening up in China's banking sector on July 6, stated that compared with the international level, the proportion of assets from foreign-funded banks in China is still small. But foreign banks have developed quite rapidly in the last few years, he added.
Statistics show that by the end of March this year, the loan balance from foreign banks in China totaled 105.812 billion U.S. dollars, up 61.09%. Additionally, savings deposits amounted to 68.609 billion U.S. dollars, up 84.03%.
By People's Daily Online
|
Comment
Tell A Friend
Print Format
Save Article