$62.3bn
$X.Xbn
77,230
3
$X.Xbn
Three banks make up the Policy Banks industry: the China Development Bank, the Agricultural Development Bank of China and the Export-Import Bank of China. These policy banks were established in 1994 to develop and oversee the policy operations of China's state-owned professional banks. These banks were also established to promote exports of mechanical and electrical products.Industry revenue is expected to decrease at an annualized 1.0% over the five years through 2023 to $62.3 billion, including 1.8% growth in 2023. The industry has undergone reforms over the past five years to accommodate China's changing economic environment. The Central Bank reduced the deposit reserve ratio seven times, and the cash rate six times. Commercial banks are increasingly involved in medium- and long-term lending operations, while exports of some mechanical and electrical products no longer require policy support. In 2021, as one of the four types of securities with the largest issuance, policy bank bonds accounted for 22% of the total bond issuance. Policy bank bonds issued $779.7 billion, a year-on-year increase of 2.7%. By the end of 2021, the custody amount of policy bank bonds was $3.1 trillion, accounting for a decrease of 0.8% over the previous year. Industry revenue is anticipated to grow by 6.0% in 2023.Industry revenue is forecast to increase at an annualized 4.8% over the five years through 2028, to $78.9 billion. China's steady economic growth and further industry reforms are projected to drive revenue growth over the next five years. All three policy banks will continue to support the government's policies, lend social funds back into society and be a pillar of China's financial system over the period.
Industry revenue has declined at a CAGR of 1.8 % over the past five years, to reach an estimated $62.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($short_0)
2023 |
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There are no companies that hold a large enough market share in the Policy Banks in China industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Short-term loans, Medium- and long-term loans and Intermediary operations. Short-term loans is the largest segment of the Policy Banks in China.
Policy banks issue
The industry comprises three policy banks: the Agricultural Development Bank of China, China Development Bank and The Export-Import Bank of China. These institutions are responsible for financing economic and trade development, and state investment projects.
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Policy banks do not aim for profit, but rather take the implementation of national socio-economic policies as their own responsibility.
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The products and services of policy banks mainly include medium to long-term loans, short-term loans, and intermediary business income.
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East China has developed rapidly in recent years and the China Development Bank has provided large loans to support the construction of infrastructure, transportation and powe...
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The three major policy banks all have relatively fixed business areas and less competition with each other.
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Policy banks, refer to professional financial institutions established by the government with the goal of implementing government economic policies and conducting financial bu...
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Policy banks in China are under the supervision of the central bank. All policy banks must submit relevant business statements and materials to the Ministry of Finance and th...
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Interest expenses are the largest cost item for the industry, and are expected to account for 48.8% of industry revenue in 2023.
Including values and annual change:
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Key data sources in China include:
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These sources include:
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The market size of the Policy Banks industry in China is $62.3bn in 2024.
There are 3 businesses in the Policy Banks industry in China, which has declined at a CAGR of 0.0 % between 2019 and 2024.
The market size of the Policy Banks industry in China has been declining at a CAGR of 1.8 % between 2019 and 2024.
Over the next five years, the Policy Banks industry in China is expected to grow.
Medium and long-term loans and Short-term loans are part of the Policy Banks industry.
The level of competition is moderate and increasing in the Policy Banks industry in China.