GF 323
CONFIDENTIAL
Name
People's Bank of China
Agricultural Bank
of China
Major banks in China
Date of establishment/
assumption of present functions
Sep 1983
Feb 1979
Bank of China
Mar 1979
China Investment Bank
Dec 1981
Industrial and
Jan 1984
Commercial Bank
of China
People's Construction
1985
Bank of China
China Merchants Steam
1986
Navigation Bank
Bank of Communications
1987
CITIC Industrial Bank
1987
Shanghai Pudong
Jan 1993
Development Bank
Shenzhen Development Bank
1987
Guangdong Development Bank
1988
Hua Xia Bank
Jul 1992
Everbright Bank
Aug 1992
機密
Annex 1
Major functions/areas
Central bank
Serve rural areas, finance the state's grain procurement
Foreign exchange business
Channel foreign funds into domestic development and investment projects
Provides loans to urban industrial and commercial enterprises for working capital and technical transformation
Provides loans for new construction
Financial arm of the China Merchants Steam Navigation Company Group mainly in the coastal cities
A joint stock bank to serve all economic sectors
Financial arm of the CITIC group throughout the country
A joint stock bank to serve the development needs of Shanghai, specifically Pudong
A joint stock bank to serve the development needs of Shenzhen
A joint stock bank to serve the development needs of Guangdong
Financial arm of the Capital Iron and Steel Group (Shougang)
Financial arm of the Everbright Group
CONFIDENTIAL
機密
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