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Urban Commercial Bank
An urban commercial bank () or city-based commercial bank refers to a type of bank in China operating locally with significant shares from the local government. Founded as urban credit cooperatives in 1980s, it aimed to provide funds for local small and medium-sized enterprises and stimulate local economy. There are currently 162 urban commercial banks operating across China. In 2017, the total assets and liabilities of all urban commercial banks combined was 31721.7 billion yuan, making up 12.70% of all Chinese banks. Typical examples include Bank of Beijing, Bank of Shanghai and Bank of Jiangsu. History The first urban commercial bank was Shenzhen City Commercial Bank in 1995. In 1998, the central bank of China, People's Bank of China, advocated urban credit cooperative to change their names into urban commercial banks. Most city commercial banks have strong ties to their local government and are majority or wholly state owned. Since 2005 some city commercial banks diversif ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jiangsu
Jiangsu (; ; pinyin: Jiāngsū, Postal romanization, alternatively romanized as Kiangsu or Chiangsu) is an Eastern China, eastern coastal Provinces of the People's Republic of China, province of the China, People's Republic of China. It is one of the leading provinces in finance, education, technology, and tourism, with its capital in Nanjing. Jiangsu is the List of Chinese administrative divisions by area, third smallest, but the List of Chinese administrative divisions by population, fifth most populous and the List of Chinese administrative divisions by population density, most densely populated of the 23 provinces of the People's Republic of China. Jiangsu has the highest GDP per capita of Chinese provinces and second-highest GDP of Chinese provinces, after Guangdong. Jiangsu borders Shandong in the north, Anhui to the west, and Zhejiang and Shanghai to the south. Jiangsu has a coastline of over along the Yellow Sea, and the Yangtze River passes through the southern part ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 instituti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Xiamen
Xiamen ( , ; ), also known as Amoy (, from Hokkien pronunciation ), is a sub-provincial city in southeastern Fujian, People's Republic of China, beside the Taiwan Strait. It is divided into six districts: Huli, Siming, Jimei, Tong'an, Haicang, and Xiang'an. All together, these cover an area of with a population of 5,163,970 as of 2020 and estimated at 5.28 million as of 31 December 2021. The urbanized area of the city has spread from its original island to include most parts of all six of its districts, and with 4 Zhangzhou districts ( Xiangcheng, Longwen, Longhai and Changtai), form a built-up area of 7,284,148 inhabitants. This area also connects with Quanzhou in the north, making up a metropolis of nearly ten million people. The Kinmen Islands (Quemoy) administered by the Republic of China (Taiwan) which lie less than away separated by Xiamen Bay. As part of the Opening Up Policy under Deng Xiaoping, Xiamen became one of China's original four special economic zo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Xiamen International Bank
Xiamen International Bank (XIB) () was established in August 1985 as the first joint venture bank in China with capital of RMB 410.069 billion. Xiamen International Bank has now grown into a bank with good reputation in the world that covers Hong Kong, Macao and Mainland China. Locations In Mainland China, XIB operates branches and multiple sub-branches in cities including Beijing, Shanghai, Fuzhou, Zhuhai, Xiamen, and a representative office in Quanzhou. After years of development, Xiamen International Bank has been listed as "World Top 1000 Banks" and "Asia Top 200 Banks" by The Banker magazine of the U.K. for many years. XIB is based in Xiamen, Fujian Province, which also operates subsidiaries including Xiamen International Investment Limited (XIIL) in Hong Kong and Luso International Banking Limited (LIB) which runs 11 branches in Macau. Shareholders * Industrial and Commercial Bank of China (18.75%) * Fujian Investment and Enterprise Holdings Corporation (12%) * Xiam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harbin
Harbin (; mnc, , v=Halbin; ) is a sub-provincial city and the provincial capital and the largest city of Heilongjiang province, People's Republic of China, as well as the second largest city by urban population after Shenyang and largest city by metropolitan population (urban and rural together) in Northeast China. Harbin has direct jurisdiction over nine metropolitan districts, two county-level cities and seven counties, and is the eighth most populous Chinese city according to the 2020 census. The built-up area of Harbin (which consists of all districts except Shuangcheng and Acheng) had 5,841,929 inhabitants, while the total metropolitan population was up to 10,009,854, making it one of the 50 largest urban areas in the world. Harbin, whose name was originally a Manchu word meaning "a place for drying fishing nets", grew from a small rural settlement on the Songhua River to become one of the largest cities in Northeast China. Founded in 1898 with the coming of the C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 megap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hangzhou
Hangzhou ( or , ; , , Standard Mandarin pronunciation: ), also romanized as Hangchow, is the capital and most populous city of Zhejiang, China. It is located in the northwestern part of the province, sitting at the head of Hangzhou Bay, which separates Shanghai and Ningbo. Hangzhou grew to prominence as the southern terminus of the Grand Canal and has been one of China's most renowned and prosperous cities for much of the last millennium. It is a major economic and e-commerce hub within China, and the second biggest city in Yangtze Delta after Shanghai. Hangzhou is classified as a sub-provincial city and forms the core of the Hangzhou metropolitan area, the fourth-largest in China after Guangzhou-Shenzhen Pearl River agglomeration, Shanghai-Suzhou-Wuxi-Changzhou conurbation and Beijing. As of 2019, the Hangzhou metropolitan area was estimated to produce a gross metropolitan product (nominal) of 3.2 trillion yuan ($486.53 billion), making it larger than the economy of Nigeri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hefei
Hefei (; ) is the capital and largest city of Anhui Province, People's Republic of China. A prefecture-level city, it is the political, economic, and cultural center of Anhui. Its population was 9,369,881 as of the 2020 census and its built-up (or ''metro'') area made up of four urban districts plus Feidong, Feixi and Changfeng counties being urbanized, was home to 7,754,481 inhabitants. Located in the central portion of the province, it borders Huainan to the north, Chuzhou to the northeast, Wuhu to the southeast, Tongling to the south, Anqing to the southwest and Lu'an to the west. A natural hub of communications, Hefei is situated to the north of Chao Lake and stands on a low saddle crossing the northeastern extension of the Dabie Mountains, which forms the divide between the Huai and Yangtze rivers. The present-day city dates from the Song dynasty. Before World War II, Hefei remained essentially an administrative centre and the regional market for the fertile plain to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shenyang
Shenyang (, ; ; Mandarin pronunciation: ), formerly known as Fengtian () or by its Manchu language, Manchu name Mukden, is a major China, Chinese sub-provincial city and the List of capitals in China#Province capitals, provincial capital of Liaoning province. Located in central-north Liaoning, it is the province's most populous city, with a total population of 9,070,093 inhabitants as of the 2020 census. Among the resident population of the city, the male population is 4,521,021, accounting for 49.85%; the female population is 4,549,072, accounting for 50.15%. The sex ratio of the total population (with women as 100, the ratio of men to women) dropped from 102.10 in the sixth national census in 2010 to 99.38. Its built-up (or metro) area encompassing 8 Shenyang urban districts and the 4 Fushun urban districts, was home to 8,192,848 inhabitants in 2020. It is also the largest city in Northeast China by urban population, with 7.49 million people (2020 census). Shenyang is also the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
