| Total Assets of China-based Foreign Banks Surpassed USD193b |
| 2008-07-08 10:54 |
| From:People Daily Overseas Edition Article type:Reproduced |
 The report knew from the relevant departments as of the end of March, 2008, total assets of China-based foreign banks had reached USD193.094b, up by 55.39% from the same period of last year, accounting for 2.44% of the total assets of Chinese banking financial institutions. As for this, Yang Zaiping, Full-time vice-chairman of China Banking Association, on July 6 at China Banking Reform and Opening-up Hot Topics Symposium said the percentage of assets of China-based foreign banks remains low. According to the international comparison, the percentage is not high while it rises quickly in these few years. According to the statistics, as of the end of March, 2008, various outstanding loans of China-based foreign banks had reached USD105.812b, up by 61.09% from the same period of last year, and various deposits stood at USD68.609b, up by 84.03%. |
| (Source: English Site of Department of Asian Affairs ) |
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