中国商业银行报告2014.pdf

Commercial Banks in China in 2014 WWW.IBISWORLD.COM.CN Commercial Banks in China October 2013 4 Industry Performance Executive Summary Revenue for the Commercial Banking industry in China is defined as net operating income, including net interest received and net fee income. Over the five years through 2013, industry revenue has been growing at an annualized rate of 12.3% to an estimated $498.1 billion. There are about 4,780 commercial bank enterprises in China employing 2.7 million people with total wages of $62.2 billion. Commercial banks in China are divided into: state-owned commercial banks, which includes Chinas four largest banks; joint-stock commercial banks with stock, private and foreign stock shares operating at the national level; city commercial banks operating at the city level; foreign and joint venture (JV) banks; and, other banking institutions, including urban and rural credit cooperatives, rural commercial banks and urban cooperative banks. Over the past five years, the union of corporate institutions with rural credit cooperatives and the governments policy of establishing new rural commercial banks have led to a sharp decline in the number of rural credit cooperatives. In 2007, the China Banking Regulatory Commission relaxed the market-entry policies for banking institutions in rural areas. The rural financial market, which has the largest consumer base, holds unprecedented development opportunities. Thus, new establishments of banking institutions in rural areas of China have been developing rapidly. Weak demand for new medium- and long-term loans, a narrowing interest spread and intensified industry competition are expected to constrain growth in 2013 and beyond. Over the next five years, industry revenue is forecast to rise at the slower rate of 6.3% per year to $677.1 billion in 2018. The number of rural banking establishments will continue to expand, espe