[F\X] The Total Assets of Financial Institutions in China' Banking Sector Exceed

Chairman Liu Mingkang of China Banking Regulatory Commission recently said at 2008 China Finance Forum that the overall strength of China's banking sector had continued to grow during these 30 years; up to the end of November this year, the total assets of financial institutions in China's banking industry had broken through RMB60t, reaching RMB61.1t, which was 323 times  that of 1978.

It was introduced by Liu Mingkang that the risk resistance capacity of China's banking sector was quite strong nowadays; the number of banks with enough capital adequacy ratio increased from 8 in 2003 to 193 now, accounting for 99.5% of the total assets in the entire banking sector. The effectiveness of banking supervision had been constantly improved. At present, most of the financial institutions of the banking sector had established and improved the basic framework of corporate governance. A series of advanced management methods such as economic capital, economic value added and return of capital after the risk adjustment had been widely utilized and regarded. The operating mechanism and the administrative controls of the banking sector had been both improved significantly.