The Evolving Financial System in China 1994-2008

1994

(monobanking
system)

1984 (specialized banks)----

1994 : (1)
(policy banks)---
(2)(state-owned commercial banks)--- -
; (3)
(interbank
markets)

II.
21

2007
http://zhuanti.cbrc.gov.cn/subject/subject/nianbao/chinese/zwqb.pdf
1

III. (Chinas financial debt problems)

2003
Non-performing Loans of Banks at end-2005
2003 12 31
%
By Five-category
Classification
Performing
loans

Pass

Special mention
Non-performing
loans

Substandard

Doubtful
Loss

Outstanding Balance

Share in total
loans

112728

82.2

96267

70.2

16461

12.0

24406

17.8

3342

2.5

14316

10.4

6747

4.9

Note: In this table, the major banking institutions include state-owned commercial banks
(SOCBs), policy banks and joint stock commercial banks (JSCBs).
: http://www.cbrc.gov.cn/mod_cn00/jsp/cn002010.jsp?itemid=9&type=1

-----
-----

5

-----
----- (~40%)
/
----- (non-performing loans---NPLs)

----------
----- ()
(/)
----- ()()
()
-----
(non-bank financial means)(
Asset Management Corporations)
()

***2003-2007

IV. 1999
(AMCs)(equity injection)(write-offs)
(corporatization and listing)

(non-performing loans)
1999 (Asset Management
Corporations - AMCs)
(http://www.chamc.com.cn/):
(http://www.gwamcc.com/index.asp):
(http://www.coamc.com.cn/):
(http://www.cinda.com.cn/):

14000 580
4000

Guonan Ma and Ben S C Fung, Chinas asset management

corporations, BIS Working Paper No. 115, August 2002
(http://www.bis.org/publ/work115.pdf); (ii) Ben Fung, Jason George,
Stefan Hohl and Guonan Ma, Public asset management corporations in
East Asia A comparative study, BIS Occasional Paper No. 3, February
2004 (http://www.bis.org/fsi/fsipapers03.pdf)

AMCs 14000

2004

225 2005 4
150
7

 2004
2005 6 4590

2005

655 (tax and dividend write-offs) 225

(fiscal injection)

2004 8 9
(corporatization)
(strategic partners)
2005 10 2006 6
2006 10 A+H
2006

2007

10

 2008 (%)

2008

2007

2.21
2.65
2.29

2.60
3.12
2.74

-0.39
-0.47
-0.45

11

12

V. :

---

(http://www.pbc.gov.cn/showacc2.asp?id=969)

13

 2008 2008
(http://www.pbc.gov.cn/showacc2.asp?id=2012) :

14

15