## Figure 1.26. Chinese Banking System Developments

## Source details

**Canonical URL:** [Figure 1.26. Chinese Banking System Developments](https://www.imf.org/-/media/files/publications/gfsr/2017/october/chapter-1/pdf-data/figure1-26.pdf)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2017/october/chapter-1/pdf-data/figure1-26.pdf.md)
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### Overview
- Intrafinancial system credit has driven bank growth ... 
- ... but also reflecting significant shadow credit ...... particularly from small and medium-sized banks.
- ... increasing reliance on risky funding ...

### Key findings and statistics
- Shadow credit as percentage of total new credit: 41%, 53%, 51%.
- Panel axes and ranges shown in the figure:
  - Contribution to Bank Asset Growth (Percent, year over year): axis labeled from –2 to 18; years shown: 2014, 15, 16, 17.
  - Nondeposit Funding (Maturing < 1 year, percent of total assets): years shown: 2014, 15, 16.
  - Net Increase in Private Nonfinancial Credit (Trillions of renminbi): axis labeled from 0 to 40 with subranges; years shown: 2011, 12, 13, 14, 15, 16.
  - Bank Shadow Credit: Net Increase and Ratio to Deposits (Trillions of renminbi and percent): net increase axis labeled 0 to 8 (trillions of renminbi); shadow credit to deposits shown as percents with values 79, 66, 48, 13, 13, 9.
- Panels 2, 3, and 4 are based on publicly available financial statement data for 32 of China’s largest banking groups.

### Panel-specific content (as presented)
- Panel 1 — Contribution to Bank Asset Growth
  - Breakdown by bank type: Big 5; Small and medium-sized banks; Total; Other assets; Claims on financial sector; Claims on nonfinancial sector; Shadow credit: off balance sheet; Shadow credit: on balance sheet; New loans.
- Panel 2 — Nondeposit Funding
  - Focus: funding maturing in < 1 year as percent of total assets.
- Panel 3 — Net Increase in Private Nonfinancial Credit
  - Units: Trillions of renminbi; displays net increases across 2011–2016.
- Panel 4 — Bank Shadow Credit: Net Increase and Ratio to Deposits
  - Units: Trillions of renminbi and percent; displays net increase and shadow credit to deposits (percent values reported: 79, 66, 48, 13, 13, 9).

### Note and definitions
- Note: Shadow credit refers to banks’ nonloan, nonbond credit to nonfinancial private borrowers, both on and off balance sheet. For a complete definition, please see footnote 33.

*Sources: Haver Analytics; People’s Bank of China; SNL Financial; and IMF staff calculations.*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2017/october/chapter-1/pdf-data/figure1-26.pdf_