Number of banks in China 2009-2017

The number of banking institutions in China increased up to 4,532 by 2017. Over four million people were employed in these institutions.

Domestic banks in China

  Domestic commercial banks in China can be categorized according to ownership and regional distribution in state-owned commercial banks, nationwide incorporated commercial banks, city and regional commercial banks and rural commercial banks. The state-owned commercial banks are also among China’s largest public companies. Besides the commercial banks, there are three “policy” banks in China which play an essential role in financing state-invested projects.

Foreign banks in China

Foreign banks are allowed to incorporate locally in Mainland China and start certain operations after the approval of the China Banking and Insurance Regulatory Commission. In comparison, foreign banks face less strict regulations and are able to conduct a larger spectrum of business activities in the special administrative regions of Hong Kong and Macao.

Number of banking institutions in China from 2009 to 2017*

Number of banking institutions
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Source

Release date

November 2018

Region

China

Survey time period

2009 to 2017

Supplementary notes

* According to the source, banking institutions include: policy banks, commercial banks, joint-stock banks, city and rural banks, urban and rural credit cooperatives, postal savings, trust companies, financial leasing companies, auto financing companies, village and township banks.

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Statistics on "Banking industry in China"

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