Big events in China's financial industry 2007-2011_Macro-Economy--China Economic Net
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Big events in China's financial industry 2007-2011
Last Updated(Beijing Time):2012-01-07 21:41

By September 2011, the banking capital adequacy ratio was 12.3 percent, 5 percentage points higher over that at the end of 2006; the non-performing loan (NPL) ratio was 0.9 percent, 6.2 percentage points lower than that at the end of 2006.

By September 2011, 624 village banks were founded, with farmer household loans and small business loans taking up 81 percent of the total loans. Rural households received 80.76 billion yuan in loans.

By September 2011, financial institutions had extended 10.1 trillion yuan to small businesses, 19.1 percent of the total loans.

By November 2011, total assets in the financial industry totaled 119 trillion yuan, an increase of 149 percent than that at the end of 2006.

By November 2011, total assets in the securities industry hit 1.65 trillion yuan, doubling that of 2006.

By November 2011, total assets in the insurance industry reached 5.846 trillion yuan, an increase of almost two times over the 1.97 trillion yuan at the end of 2006.

By December 2, 2011, the total assets of China's Qualified Foreign Institutional Investors (QFII) stood at 265.5 billion yuan. The authorized 125 QFII come from 20 countries and regions.

By December 30, 2011, the market value of China's stock markets totaled 16.49 trillion yuan.

Source:Xinhua 
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