End of an Era in Chinese Banking
Chinese bank assets have been increasing by 17 to 20 percent on an annual basis, but the good times may soon be coming to an end.
Recently, the People's Bank of China and the China Banking Regulatory Commission (CBRC) released statistics that call for close attention. By the end of April, the outstanding balance of the broader money supply, known as M2, was 75.73 trillion yuan, increasing by 15.3 percent compared to the same period last year. Second, as of March, the total assets of the banking industry in both domestic and overseas markets reached 101.2 trillion yuan, an 18.9 percent increase compared to the first quarter in 2010.
- Why Do Foreign Brands 'Break Bad' in China?
- Sea of People
- UnionPay Said to Hand Payment Firms Hefty Fines over Illegal Operations
- CBRC Approves Three Private Banks as Part of Pilot
- The Week in Photos: July 19 – 25
- Another Headache for the EU: Ukraine's Separatists
- Courage to Liberty
- 60-Second News for July 25: Unemployment Statistics
- SAIC, Alibaba Agree to Cooperate on Internet-Enabled Cars
- Mountains Moved
- Sign up to receive our free daily newsletter
- How the Hammer Falls as China Nails Corruption
- CNPC Continues to Be Hit by Scandal as Two More Executives Fall
- Market Reforms, Fight against Corruption Go Hand in Hand, Expert Says
- What Li Keqiang Asks in Meetings with Economists
- Alibaba Said to Delay New York Listing until after Labor Day
- Graft Fight Will Take Years, U.S. Expert Says, but China Is Heading in Right Direction
- The Lost Soldier of Myitkyina
- Sheila Patel: Investors Should Be 'Positive' about China Stocks
- CDB Said to Get 1 Tln Yuan to Back Shantytown Renovation
- Meat Supplier Puts McDonald's, KFC in Food Safety Spotlight Again