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 DEVELOPMENT OF CHINA'S INDUSTRY |
| At the end of 2006, the total bad loans of commercial banks in the territory (including state-owned commercial banks, joint-stock commercial banks and city commercial banks, rural commercial banks and foreign banks) were 1.25 trillion yuan, reduced 71.31 billion yuan compared with the beginning of the year, the rate of bad loans was 7.1%, reduced 1.5 percentage points compared with the beginning of the year. |
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| STATUS OF FOREIGN INVESTMENT |
| No data is available since the Banking Industry (Banking Industry (Code J68) hereinafter is in accordance with the National Economic Industrial Classification (GB/T4754-2202£©.) belonging to the restricted sector in terms of foreign investment. |
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| COMMITMENTS TO THE WTO AND INTERNATIONAL PRACTICES |
| On cross-border supply, foreign-owned companies can make provision and transfer of financial information, and financial data processing and related software by suppliers of other financial services. |
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| DEVELOPMENT OF GLOBAL INDUSTRIES |
| In 2006, the total return for five-year shareholders of banking is 17.5%, higher than the average 13.7% return. However, the long-term business profit has been decreased in the past several years. We can see this from the declining gap between total annual return for shareholders of banking and average return of all industries. |
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