Chi­nese banks ex­pected to record prof­its of 800b yuan

The Pak Banker - - Front Page -

BEI­JING: The Chi­nese bank­ing in­dus­try is ex­pected to record prof­its of 800 bil­lion yuan in 2010, re­ports China Se­cu­ri­ties Jour­nal, cit­ing Yang Zaip­ing, t he ex­ec­u­tive vice pres­i­dent of t he China Bank­ing As­so­ci­a­tion. Yang said that the bank­ing in­dus­try in China had to­tal as­sets of 90 tril­lion yuan. In ad­di­tion, 87 Chi­nese banks are r anked amongst t he 1,000 l argest banks in the world. -PB News

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