Finance, Securities and Insurance in 2008 Shaanxi
http://en.cnwest.com   2009-04-09 14:32:08  

By the end of 2008, the RMB deposits in the provincial financial institutions on comparable basis reached 1079.087 billion Yuan, up by 26.9% over the end of last year, the increase rate up by 12.8%. Of the total deposits, the deposit of enterprises was 338.979 billion Yuan, up by 26.7%, the increase rate up by 2.4%; the deposit of urban and rural residents was 548.524 billion Yuan, up by 28.4%, the increase rate up by 23.3%. The RMB loans in the provincial financial institutions on comparable basis reached 605.682 billion Yuan, up by 18.3% over the end of last year, the increase rate up by 3.6%. Of the total loans, the short-term loans amounted to 214.423 billion Yuan, up by 11.6%, the increase rate up by 2.8%; the mid and long term loans amounted to 349.882 billion Yuan, up by 20.1%, the increase rate down by 2.7%.

By the end of 2008, there were three securities companies and 65 securities brokerage offices (offices of companies outside the Province included) in Shaanxi Province. The number of accounts at the end of the period reached 1.72 million, 110,000 more than that at the end of last year. The value of securities exchanges on the securities market totaled 913.59 billion Yuan, a decrease of 47.3% over the same period last year. Of the total value, the value of stock exchanges totaled 784.689 billion Yuan, a decrease of 60.9% over the same period last year; the value of fund transactions totaled 9.07 billion Yuan, down by 48% over the same period last year; the value of spot transactions of treasury bonds totaled 1.564 billion Yuan, up by 9.1% over the same period last year; the value of futures commission transaction totaled 510.555 billion Yuan, up by 46.1% over the same period last year.

By the end of 2008, there were 2,557 insurance companies in the Province, 667 more than last year. Of all the insurance companies, there were 85 professional insurance intermediary companies, 50 insurance agency companies, 27 insurance brokerage companies, eight insurance assessment companies, and 2,387 concurrent-business insurance agencies. The premium income of the provincial insurance companies in 2008 reached 21.778 billion Yuan, up by 44.7% over the previous year, the increase rate up by 15.2%. Of the total premium income, the premium income of property insurance reached 4.778 billion Yuan, up by 15.9%, the increase rate down by 17.1%; the premium income of life insurance reached 16.999 billion Yuan, up by 55.56%, the increase rate up by 27.3%. The insurance premium of the provincial insurance companies in 2008 totaled 5.891 billion Yuan, up by 24.57% over the previous year, the increase rate down by 6.85%. Of the total insurance premium, the premium of property insurance reached 2.811 billion Yuan, up by 35.15%, the increase rate down by 15.4%; the premium of life insurance was 3.08 billion Yuan, up by 16.28%, the increase rate down by 7.96%.

   Editor: Anxin    Source: Government Website of Shaanxi Province