Abstract
The city commercial banks in China emerged in 1980s when city credit unions
were reorganized. Up to the end of 2008, China had had 136 city commercial
banks, with total assets exceeding RMB4 trillion. In addition, the total
assets had hit RMB4.49 trillion as of Q12009, accounting for 6.5% in the total
assets of financial institutions in banking industry, and the net assets had
reached RMB277.2 billion.
In comparison with state-owned commercial banks and shareholding commercial
banks, China' s city commercial banks are of small scale. Among over 60 city
commercial banks mentioned in the report, the total assets of Bank of Beijing,
the largest city commercial bank, hit RMB417 billion in 2008, and the number
of city commercial banks with over RMB100 billion of total assets accounted
for 10%, and the average total assets was RMB50 billion.
With the successful listing of Bank of Ningbo and Bank of Beijing, many city
commercial banks have successively renamed, carried out the trans-regional
development and applied for going public. The report makes an in-depth
analysis on their strategies in recent years, such as 40 city commercial banks
have renamed, 35 banks have extended to other regions, 15 banks have or
prepared for going public, 32 banks have introduced strategic investors; and
does a comparison among over 60 key city commercial banks in China.
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