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Bank Of Jilin
Bank of Jilin (in ) is a commercial bank approved by China Banking Regulatory Commission, with its headquarters in Changchun, Jilin Province, China. As of the end of 2010, Bank of Jilin assets stood at 147.8 billion yuan (USD 23.75 billion), up 87% since the establishment, deposits reached 117.4 billion yuan (USD 18.86 billion), an increase by 61% compared to establishment; loan balance of 79 billion yuan (USD 12.69 billion), an increase to 148% since establishment. Net profit of more than three years accounted for nearly 28 billion yuan (USD 4.5 billion) and profitability of the firm has been among the highest in the province. History Bank of Jilin was originally established as Changchun City Commercial Bank in 1997, and later changed its name to Bank of Jilin in October 2007 upon merger with Jilin and Liaoyuan City Commercial Banks. In 2008, it further absorbed Tonghua, Siping, Baishan and Songyuan Commercial Banks, and opened a new branch in Yanbian. In December 2009, Dali ...
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China Banking Regulatory Commission
The China Banking Regulatory Commission (CBRC) was an agency of the People's Republic of China (PRC) authorised by the State Council to regulate the banking sector of the PRC except the territories of Hong Kong and Macau, both of which are special administrative regions. In response to their swelling debt loads, undercapitalization and non-transparent business practices, the government of China recapitalized the banks and set up the CBRC as the country's independent banking regulator in 2003. Liu Mingkang was appointed its first chairman and served until 2011, when he was replaced by Shang Fulin. In 2017, Shang was replaced by Guo Shuqing as the new chairman. Active in developing policies to promote financial inclusion, the Bank is a member of the Alliance for Financial Inclusion. In April 2018, the China Banking Regulatory Commission was merged with the China Insurance Regulatory Commission to form the China Banking and Insurance Regulatory Commission. See also * ''C ...
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Tianjin
Tianjin (; ; Mandarin: ), alternately romanized as Tientsin (), is a municipality and a coastal metropolis in Northern China on the shore of the Bohai Sea. It is one of the nine national central cities in Mainland China, with a total population of 13,866,009 inhabitants during the 2020 Chinese census. Its built-up (''or metro'') area, made up of 12 central districts (all but Baodi, Jizhou, Jinghai and Ninghe), was home to 11,165,706 inhabitants and is also the world's 29th-largest agglomeration (between Chengdu and Rio de Janeiro) and 11th- most populous city proper. It is governed as one of the four municipalities under the direct administration of Chinese central government and is thus under direct administration of the State Council. Tianjin borders Hebei Province and Beijing Municipality, bounded to the east by the Bohai Gulf portion of the Yellow Sea. Part of the Bohai Economic Rim, it is the largest coastal city in Northern China and part of the Jing-Jin-Ji meg ...
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Harbin Bank
Harbin Bank Co., Ltd. is a Chinese city-based commercial bank (), with its headquarters in Harbin, Heilongjiang Province. It was established in 1997 as Harbin City Commercial Bank, opened its branches in Harbin City only, but changed its name to Harbin Bank in 2007 and has since opened branches in Dalian, Tianjin, Shuangyashan and Jixi. It ranks 4th by Comprehensive competitiveness among Chinese city commercial banks in 2011. History The bank was formerly named "HRBank", a portmanteau of " Harbin" (name of the city) and "Bank". But due to its ambiguity, the name has been changed to the current one. See also * Harbin * Banking in China * Commercial banks in Northeast China : Dalian Bank, Shengjing Bank ( Shenyang), Bank of Jilin Bank of Jilin (in ) is a commercial bank approved by China Banking Regulatory Commission, with its headquarters in Changchun, Jilin Province, China. As of the end of 2010, Bank of Jilin assets stood at 147.8 billion yuan (USD 23.75 billion), up ...
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Shengjing Bank
Shengjing Bank (in ) is a commercial bank, with its headquarters in Shenyang, Liaoning Province, China. It was established in 1996 as Shenyang City Commercial Bank and opened in Shenyang City only. It changed its name to Shengjing Bank in 2007 and has since opened branches in Beijing, Tianjin, Dalian, Yingkou, Huludao, Shanghai, Anshan, Changchun, Benxi, Panjin, Chaoyang, Fushun, Jinzhou, Fuxin, Dandong and Liaoyang. As of fiscal year 2012/2013, Shengjing Bank's total assets were RMB355,432 million. Shenyang Hengxin owns approximately of 10.9% of equity interest in Shengjing Bank. Shenyang SASAC indirectly holds 100% interest in Shenyang Hengxin. In 2014, Shengjing Bank wanted "to raise about $1.3 billion in a Hong Kong initial public offering". China Merchants Securities sponsored the initial public offering. In 2015, Shengjing Bank announced it would issue "offshore RMB bonds". See also * Shenyang * Banking in China * Commercial banks in Northeast China : Dalian B ...
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Dalian Bank
Bank of Dalian Co., Ltd. is a Chinese urban commercial bank, with its headquarters in Dalian, Liaoning Province, China. On March 28, 1998, it was established as Dalian City Commercial Bank and opened its branches only in Dalian. In 2007, it changed its name to Bank of Dalian and has since opened branches in Tianjin, Beijing, Shanghai and five other cities in China. In 2015, China Orient Asset Management subscribed the new shares of the bank, as well as bought some assets from it. The assets itself were originally a collateral. In 2016 the bank signed a strategic agreement with sister company Dongxing Securities Dongxing Securities Co., Ltd. is a Chinese investment bank and brokerage firm. The firm was a constituent of SSE 50 Index (since 28 November 2016) and CSI 100 Index.
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Northeast China
Northeast China or Northeastern China () is a geographical region of China, which is often referred to as "Manchuria" or "Inner Manchuria" by surrounding countries and the West. It usually corresponds specifically to the three provinces east of the Greater Khingan Range, namely Liaoning, Jilin, and Heilongjiang, but historically is meant to also encompass the four easternmost prefectures of Inner Mongolia west of the Greater Khingan. The heartland of the region is the Northeast China Plain, the largest plain in China, with an area over . It is separated from Russian Far East to the north by the Amur, Argun, and Ussuri rivers; from Korea to the south by the Yalu and Tumen Rivers; and from Inner Mongolia to the west by the Greater Khingan and parts of the Xiliao River. Due to the shrinking of its once-powerful industrial sector and decline of its economic growth and population, the region is often referred to as China's Rust Belt. As a result, a campaign named Northeas ...
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Commercial Banks
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks. History The name ''bank'' derives from the Italian word ''banco'' "desk/bench", used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of banking activity can be found even in ancient times. In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass–Steagall Act, the U.S. Congress required that commercial banks only engage in ba ...
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Banking In China
China's banking sector had () in assets at the end of 2020. The "big four/five" state-owned commercial banks are the Bank of China, the China Construction Bank, the Industrial and Commercial Bank of China, and the Agricultural Bank of China, all of which are among the largest banks in the world . The Bank of Communications is sometimes included. Other notable big and also the largest banks in the world are China Merchants Bank and Ping An Bank. History Chinese financial institutions conducted all major banking functions, including the acceptance of deposits, the making of loans, issuing notes, money exchange, and long-distance remittance of money by the Song Dynasty (960-1279). In 1024, the first paper currency was issued by the state in Sichuan. The two major types of indigenous Chinese financial institutions, () and (), more often cooperated than competed in China's financial market. Due to structural weaknesses of traditional Chinese law, Chinese financial institu ...
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Jilin
Jilin (; alternately romanized as Kirin or Chilin) is one of the three provinces of Northeast China. Its capital and largest city is Changchun. Jilin borders North Korea ( Rasŏn, North Hamgyong, Ryanggang and Chagang) and Russia (Primorsky Krai) to the east, Heilongjiang to the north, Liaoning to the south, and Inner Mongolia to the west. Along with the rest of Northeast China, Jilin underwent an early period of industrialization. However, Jilin's economy, characterized by heavy industry, has been facing economic difficulties with privatization. This prompted the central government to undertake a campaign called " Revitalize the Northeast". The region contains large deposits of oil shale. Name The name "Jilin" originates from ''girin ula'' () , a Manchu phrase meaning "along the river", shortened to Kirin in English. This Manchu term was transcribed into ''jilin wula'' ( t , s ) in Chinese characters and shortened the first two characters, which are tran ...
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PBOC
The People's Bank of China (officially PBC or informally PBOC; ) is the central bank of the People's Republic of China, responsible for carrying out monetary policy and regulation of financial institutions in mainland China, as determined by the People's Bank Law and the Commercial Bank Law. It is a cabinet-level executive department of the State Council. History The bank was established on December 1, 1948, based on the consolidation of the Huabei Bank, the Beihai Bank and the Xibei Farmer Bank. The headquarters was first located in Shijiazhuang, Hebei, and then moved to Beijing in 1949. Between 1950 and 1978 the PBC was the only bank in the People's Republic of China and was responsible for both central banking and commercial banking operations. All other banks within Mainland China such as the Bank of China were either organized as divisions of the PBC or were non-deposit taking agencies. From 1952 to 1955 government shares were added to private banks to make stat ...
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Non-banking Financial Company
A non-banking financial institution (NBFI) or non-bank financial company (NBFC) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFC facilitate bank-related financial services, such as investment, risk pooling, contractual savings, and market brokering. Examples of these include insurance firms, pawn shops, cashier's check issuers, check cashing locations, payday lending, currency exchanges, and microloan organizations. Alan Greenspan has identified the role of NBFIs in strengthening an economy, as they provide "multiple alternatives to transform an economy's savings into capital investment which act as backup facilities should the primary form of intermediation fail." The term ''non-bank'' likely started as non-deposit taking banking institution. However, due to financial regulations adopted from English speaking countries, non-English speaking countries took "non-bank" a ...
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Beijing
} Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 million residents. It has an administrative area of , the third in the country after Guangzhou and Shanghai. It is located in Northern China, and is governed as a municipality under the direct administration of the State Council with 16 urban, suburban, and rural districts.Figures based on 2006 statistics published in 2007 National Statistical Yearbook of China and available online at archive. Retrieved 21 April 2009. Beijing is mostly surrounded by Hebei Province with the exception of neighboring Tianjin to the southeast; together, the three divisions form the Jingjinji megalopolis and the national capital region of China. Beijing is a global city and one of the world's leading centres for culture, diplomacy, politics, finance, busine ...
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