Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

Chinese banks have 228,000 branches by 2019

March 16, 2020


Abstract : The number of bank branches in China's banking industry hit 228,000 as of the end of 2019, with 15,591 branches renovated last year, a recent report showed.

BEIJING, March 15 (Xinhua) -- The number of bank branches in China's banking industry hit 228,000 as of the end of 2019, with 15,591 branches renovated last year, a recent report showed.

Chinese banks have installed more than 1 million automatic teller machines, which had handled transactions worth 61.85 trillion yuan (about 8.8 trillion U.S. dollars) by the end of last year, according to a report released by the China Banking Association.

China's banking sector has been improving its online services, with roughly 90 percent of banking-related activities conducted off-site in 2019, said the report.

Online transactions totaled 1.66 quadrillion yuan, while cell phone transactions climbed 38.88 percent year on year to reach 335.63 trillion yuan in 2019, according to the report.

Scan the QR code and push it to your mobile phone

Keyword: banking

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial