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Foreign banks in Shanghai to speed up integration into the Chinese market

foreign banks in Shanghai are speeding up the integration in the local Chinese market, Shanghai has formed a strong agglomeration effects and economies of scale.

Shanghai Banking regulatory Bureau released data, by the end of December 2014, Shanghai's foreign banks with total assets of 1.32 trillion yuan, an increase of 11.1%; the amount of outstanding loans of 455.106 billion yuan, an increase of 3.3%; deposits of 606.935 billion yuan, an increase of 2.6%; bad loan rate of 0.38%; 515.61% coverage of provisions, Well above the national level of foreign banks. Cumulative net profit of 12.3 billion yuan, compared with profit of 4.6 billion yuan. Foreign legal-person banks in Shanghai total assets of 1.97  trillion yuan, an increase of 7.5%; the amount of outstanding loans of 863.89 billion yuan, an increase of 7.7%; deposits of 1.23 trillion yuan, up 3.19%; bad loan rate  0.80%, 221.13% coverage of provisions total made a net profit of 13.2 billion yuan, compared with growth of 26.7%.

it is understood that since the opening up of the banking sector, foreign banks operating in China have made positive progress in Shanghai, number, scale, customer objects and services are well developed. Shanghai foreign banks ' assets within its jurisdiction from 196.2 billion yuan to the current breakthrough in 2001 to join trillion, up to 1.32 trillion yuan, the compound annual growth rate of about 16%. Foreign Bank in Shanghai formed has strong of agglomeration effect and scale effect, as December 2014 late, Shanghai's within foreign bank assets scale accounted for Shanghai Banking market share of 11.7%, above national this a proportion 10%; national foreign bank in the has half above of foreign corporate Bank and foreign bank branch registered in Shanghai, 's within foreign bank assets scale accounted for in China foreign bank of 47.3%; Shanghai 22 home foreign corporate bank assets scale accounted for in China foreign corporate Bank of   82.43%.

foreign banks in Shanghai actively boosting construction of Shanghai's financial centre. At the end of December 2014, 49 banking agencies in the free trade zone approved the establishment of 54 outlets in the region, including FTA branch approved 25 foreign-funded banks. In Shanghai, foreign banks in foreign exchange loans and financial derivatives have greater advantages, derivative transactions on behalf of the principal balance is close to the National Bank of 1/3, foreign exchange loans  37% per cent of market share in Shanghai.

foreign banks in Shanghai have become an important part of the banks and financial market participants and to actively promote the construction of China's market and legal system, international.

is customer service extended to Chinese companies and individuals. Foreign legal-person banks in Shanghai for Chinese enterprises of various loans increased from 30% 4 years ago to the current 43%, foreign loans decreased from 60% to 42%, personal loans increased from 10% to 15%, RMB loans increased from 68% to 74%.

second service network based in Shanghai and the country. At the end of December 2014, total of branches of foreign legal-person banks in Shanghai China 215 (including construction), branch, 487, 73% over the 5 years ago. Foreign legal-person banks in Shanghai outlets expand from coastal cities to inland cities in the Midwest, is currently distributed in 32 provinces and municipalities. Shanghai business outside the jurisdiction of foreign legal-person banks in Shanghai is growing rapidly, increasing the proportion of loans from 55% to 63% now 4 years ago.

three follow trends of industrial upgrading, and serve the development of tertiary industry. Foreign legal-person banks in Shanghai loans, secondary loans and 4 per cent lower than a year ago to 6%, while the tertiary industry increased by 2%.


 


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