At the end of 20 18, there were 4,588 banking financial institutions in China. There are more than 20 institutions of various types, including policy banks, large banks, joint-stock banks, foreign banks and other national commercial banks, city commercial banks, private banks, rural cooperative financial institutions, village banks and other non-bank institutions and trust companies that mainly serve the community, agriculture, rural areas and farmers. A multi-level and wide-coverage banking system has been basically established.
In recent years, the CBRC has actively and steadily promoted the reform of mixed ownership and guided private capital to enter the banking industry in an orderly manner. There are more than 3,000 banking institutions controlled by private capital.
Private capital accounts for more than 40%, 50% and 80% of the total share capital of joint-stock banks, city commercial banks and rural cooperative financial institutions respectively. Since 2065 and 438+04, it has been approved to open private banks 17. There are 22 1 1,000 domestic outlets of banking financial institutions, including 68,000 outlets of five major banks, accounting for 3 1%, which are widely distributed in urban and rural areas.
At the end of 20 18, the total assets of five large banks, namely Industrial and Commercial Bank of China, Agricultural Bank of China, China Bank, China Construction Bank and Bank of Communications, were 105 trillion yuan, accounting for 37% of banking financial institutions. The balance of various deposits was 76 trillion yuan, accounting for 44% of the banking industry. The balance of various loans was 58 trillion yuan, accounting for 38% of the banking industry. The number of employees is 6.5438+0.65 million, accounting for 40% of the banking industry. Compared with major economies such as Europe and America, China's banking concentration is low and at a reasonable level.
How many insurance companies are there in China?
By the end of 20 18, there were 9 life insurance companies and 88 property insurance companies in China, totaling 179.
Among life insurance companies, there are 63 Chinese-funded companies; 28 foreign companies. China Life Insurance, China Ping An Life Insurance Company of China Life Insurance, Pacific Life Insurance, Taiping Life Insurance, Xinhua Life Insurance, Taikang Life Insurance and PICC Life Insurance account for 62.504% of the life insurance market.
Among property insurance companies, there are 66 Chinese-funded companies; There are 22 foreign-funded companies.
In China, the number of banks is 25.6 times that of insurance companies.
Judging from the number of banks and insurance companies, banks are 25.6 times that of insurance companies. Obviously, the entry threshold for insurance companies is much higher than that for banks.
In terms of supervision, banks and insurance are also different. Legally, banks can be dissolved, life insurance companies are not allowed to be dissolved, and the policy responsibility is ultimately borne by the insurance protection fund.
In terms of opening to foreign investment, the insurance industry far exceeds the banking industry. At present, foreign-funded insurance companies account for 44% of Chinese-funded insurance companies, and will be further opened to foreign investors, and the restrictions on foreign-funded shares will be gradually lifted.