Source: Caijing, ChinaScope
Financial (Data)
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According to data released by
China Banking Regulatory Commission, total assets in China’s banking industry
were CNY 122.92 trillion at the end of July 2012, compared to CNY 23.7 trillion
at the end of 2002.
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Aside from a 14 percent growth
in 2004, banks’ total assets grew at an annual rate of more than 17 percent
over the last ten years. The figure exceeded CNY 50 trillion to CNY 53.1
trillion in 2007, while it surpassed CNY 100 trillion to CNY 111.5 trillion in
2011.
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In addition, China’s five major
commercial banks (Bank of China, Industrial and Commercial Bank of China,
Agricultural Bank of China, China Construction Bank, and Bank of
Communications) accounted for approximately 90 percent of the total assets in
China’s banking industry in 2002, while the figure dived to 45 percent at the
end of July 2012.
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