Commercial Banks Commercial banks play an important role（29)national（30)。 （31)the end of M

Commercial Banks

Commercial banks play an important role (29) national (30) 。

(31) the end of May 1995, China has 15 commercial banks, the International Business reported. Eight of these are (32) nationwide. They are: the Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of China, the People's Construction Bank of China, the Communications Bank, the CITIC Industrial Bank, the China Everbright Bank and the Huaxia Bank.

There are six (33) shareholding banks. They are: the Merchant's Bank, the Guandong Development Bank, the Shenzhen Development Bank, the Fuzhou Industrial Bank, the Shanghai Pudong Development Bank and the Hainan Development Bank.

Apart (34) these, there is the (35) of the People's Construction Bank of China, the China Investment Bank and two housing deposit banks. They are fully (36) by the People's Bank of China.

To add (37) the 15, the Minsheng Banking Corp was set up in January 1996. It is now the (38) non-State bank.

Five foreign banks have so far been (39) to run branch offices in Beijing. Here is a (40) of them:

-- Bank of Tokyo Tel 5931640

-- Citibank of the United States Tel 5004425

-- Hong Kong and Shanghai Banking Corporation Tel 5001121

-- Nanyang Commercial Bank Tel 5139026

-- Industrial Bank of Japan Tel 5954728

(29)

A．at

B．on

C．in