Custodial assets surge
Print Edition
THE custodial assets held by Chinese banks soared as they sought new growth engines to help them become more market-driven financial institutions, industry data showed yesterday.
The volume of asset custody held by Chinese banks surpassed 100 trillion yuan (US$15.15 trillion) by the end of June, up 53.6 percent year on year, according to the China Banking Association's latest report.
In the past six years, custodial assets grew at an average annual rate of 52.89 percent year on year, said Huang Runzhong, head of the secretariat of the association.
Banks’ asset custody services include capital settlement, asset safekeeping and wealth management. Banks are developing such intermediary businesses to make a profit, rather than relying heavily on net interest margin, which is shrinking as interest rates are increasingly liberalized.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
