As an important component to the country's overall economic system, the China’s banking industry has seen rapid growth in line with the economic development of the People’s Republic of China (PRC).

Banks have historically been, and continue to be, a significant source of capital for the economy and the primary choice for domestic savings. The Chinese banking sector comprises broad categories of banking institutions, namely joint stock commercial banks, urban commercial banks, urban credit cooperatives, rural credit cooperatives, foreign-invested commercial banks and other financial institutions.

As of the year 2006 end, the total assets of the China’s banking sector amounted to Yuan 43.95 Trillion (US$ 5.812 Trillion), an increase of Yuan 16.31 Trillion (US$ 2.16 Trillion) from 2003. During the same period, the total liabilities of the banking sector reached Yuan 41.71 Trillion (US$ 5.516 Trillion), an increase of Yuan 15.14 Trillion (US$ 2.0 Trillion).

All the market values have been converted to US$ at August 2007 exchange rate, where US$ 1 = Yuan 7.56150 or Yuan 1 = US$ 0.132249.

The report "China Banking Sector (2007-2011)" (Reportlinker.com) provides an extensive research on the booming banking industry of the fast growing China. The report talks about the various aspects of banking industry in the country, like industry performance, banking services, product quality, growth opportunities, and future prospects.

The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move. Rather, industry’s past performance and effect of growth fueling forces on it have been taken into account to judge the future course of direction of the industry.

The report also covers a complete analysis of types of banks in China. Apart from that, the market for debit and credit cards, ATMs, assets, and liabilities of the China’s banking industry, coupled with their future prospects is also discussed in the report.

Key Findings of the Report

* The Chinese government will issue fresh licenses to financial institutions for managing corporate pension fund. At the end of 2006, the corporate pension fund industry of China was recorded at Yuan 91 Billion (US$ 12.0 Billion).

* New opportunities for the Chinese banking sector lies in the debit and credit card industry and rural banking services since the government is supporting these in a major way.

* Housing loan of the Chinese banking sector is growing with a CAGR of 19.86% for the time period 2004-2006.

* The retail e-commerce sales of China are anticipated to increase at a CAGR of 17.45% from 2006 to 2010.

* Bankable household of China is expected to grow with a CAGR of 29.23% during the timeframe 2007-2011.