Bank of Tibet

The Bank of Tibet (Wylie: bod ljongs dngul khang, ZYPY: བོད་ལྗོངས་དངུལ་ཁང་, Chinese: 西藏银行) is a joint-stock commercial bank located in Lhasa, Tibet Autonomous Region, People's Republic of China. [1]

History

Previously, the Tibet Autonomous Region hosted merely five commercial bank branches: Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and the Postal Savings Bank of China. These institutions were predominantly situated at or above the prefecture (city) level, resulting in an underdeveloped financial system at the county level, characterized by a scarcity of financial institutions and a restricted range of financial services. The central government convened the Fifth Symposium on Tibet Work and explicitly articulated the objective of "assisting Tibet in establishing local commercial banks."[2] The China Banking Regulatory Commission, the Tibet Autonomous Regional Committee of the Chinese Communist Party and People's Government of Tibet Autonomous Region conducted extensive investigation and thorough validation about the establishment of a bank in Tibet.[3][4][2]

On December 17, 2011, the Bank of Tibet received a financial license and an enterprise legal person business license, establishing itself as the inaugural local legal person bank in Tibet. On May 22, 2012, the Bank of Tibet officially commenced operations in Lhasa, with a capital infusion of 1.5 billion RMB.[5]

References

  1. ^ "西藏银行获准开业 结束无地方银行历史". 新浪财经_手机新浪网 (in Chinese). 2012-01-12. Retrieved 2024-11-22.
  2. ^ a b "银监会正式批准筹建西藏银行 注册地为拉萨市". 中国政府网_中央人民政府门户网站 (in Chinese). Retrieved 2024-11-22.
  3. ^ 中国人民银行 (2002). 中国金融 (in Chinese). 中国金融杂志社. Retrieved 2024-11-22.
  4. ^ China. 国家民委; "中国民族年鉴"编辑部 (2003). 中国民族年鉴 (in Chinese). 民族出版社. p. 20. Retrieved 2024-11-22.
  5. ^ 从无偿援助到平等互惠：西藏与内地的地方合作与长治久安研究 (in Chinese). 社会科学文献出版社. 2014. p. 91. ISBN 978-7-5097-5777-2. Retrieved 2024-11-22.