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The Tibet Autonomous Region has initially formed a modern financial system, in which the People's Bank of China is the leader, the Agricultural Bank of China and the China Construction Bank are the mainstays, and other financial institutions play their own specialized roles. In the whole region, there are about 700 financial institutions at various levels, plus four insurance companies.
On July 2, 1987, the Tibet Branch of the People's Insurance Co. of China (PICC) was inaugurated. As Tibet features high mountains, dangerous roads and backward transport facilities, vehicle coverage and liability insurance take a big chunk in the region's insurance business. Other insurance services include business property insurance, cargo insurance, breeder's insurance, mountaineering insurance, and free of particular average (F.P.A.) geared for middle and primary school students.
In 2004, the premiums received by insurance companies in Tibet added up to 140 million yuan, an increase of 40 percent over the previous year. This included 24 million yuan for property insurance, an increase of 51.9 percent; and 6.75 million yuan for short-term health insurance and accident injury insurance, an increase of 64.6 percent. In 2004, the insurance companies paid out 54.34 million yuan.
Bank Deposits of Financial Institutions Unit:10000 Yuan
|
Year |
Total Bank Savings |
That of Enterprises |
Financial Bank Savings |
Bank Savings in Urban and Rural Areas
|
|
1959 |
10182 |
2827 |
|
975 |
|
1965 |
23029 |
2897 |
9572 |
2514 |
|
1970 |
41210 |
6942 |
15557 |
2960 |
|
1975 |
60568 |
8165 |
27002 |
3213 |
|
1980 |
87234 |
14612 |
31703 |
6054 |
|
1985 |
133799 |
33316 |
37260 |
15974 |
|
1990 |
212611 |
80335 |
32722 |
39961 |
|
1995 |
716307 |
329620 |
171699 |
193747 |
|
1999 |
1318361 |
626238 |
121042 |
368169 |
|
2000 |
1449755 |
734012 |
74919 |
404807 |
|
2001 |
2129002 |
1256992 |
96742 |
501778 |
|
2002 |
2829653 |
1705832 |
62803 |
703825 |
|
2003 |
3208709 |
1816101 |
47630 |
918982 |
Bank Savings of Financial Institutions Unit: 10000 Yuan
|
Year |
Total Loans |
Industrial Loans |
Commercial Loans |
Loans to Township Enterprises |
|
1965 |
9092 |
980 |
7281 |
|
|
1970 |
15231 |
4298 |
10403 |
|
|
1975 |
27932 |
4156 |
14159 |
|
|
1980 |
23223 |
4987 |
17172 |
|
|
1985 |
73413 |
7854 |
62311 |
|
|
1990 |
177156 |
18837 |
123348 |
|
|
1995 |
522528 |
33505 |
252170 |
4397 |
|
1999 |
745852 |
60654 |
246008 |
6445 |
|
2000 |
806248 |
84600 |
240382 |
7521 |
|
2001 |
966246 |
89714 |
261107 |
8120 |
|
2002 |
1211279 |
92530 |
328332 |
7838 |
|
2003 |
1444358 |
94193 |
308971 |
7250 |
Economic and Technological Index of Insurance Business
|
Index |
Unit |
1995 |
1999 |
2000 |
2002 |
2003 |
|
Insurance Premiums |
（10000 Yuan） |
1703029 |
708697 |
687201 |
986743 |
1656512 |
|
Property Insurance |
|
1516061 |
218156 |
215207 |
315176 |
375454 |
|
Enterprise Property Insurance |
|
88023 |
134742 |
102170 |
157678 |
139232 |
|
Family Property Insurance |
|
20395 |
17731 |
47293 |
39539 |
66770 |
|
Liability Insurance |
|
5427 |
65682 |
61354 |
101857 |
70760 |
|
Other Kinds of Insurance |
|
1402216 |
|
|
|
|
|
Vehicle Insurance |
|
175051 |
484534 |
462684 |
658801 |
1074007 |
|
Goods Transport Insurance |
|
11917 |
6008 |
9310 |
12496 |
23849 |
|
Insurance Premiums |
（10000 Yuan） |
2894 |
5619 |
7010 |
8692 |
10281 |
|
Property Insurance |
|
735 |
1287 |
1491 |
1694 |
1580 |
|
Enterprise Property Insurance |
|
296 |
555 |
488 |
702 |
543 |
|
Family Property Insurance |
|
60 |
136 |
187 |
150 |
196 |
|
Liability Insurance |
|
19 |
596 |
796 |
805 |
497 |
|
Other Kinds of Insurance |
|
390 |
|
8 |
|
|
|
Motor Vehicle Insurance |
|
2075 |
4281 |
5432 |
6896 |
8144 |
|
Goods Transport Insurance |
|
84 |
51 |
87 |
103 |
147 |
|
Number of Compensated Cases |
|
1873 |
3315 |
4250 |
5083 |
5842 |
|
Enterprise Property Insurance |
(Piece) |
51 |
97 |
90 |
253 |
307 |
|
Family Property Insurance |
(Piece) |
101 |
548 |
567 |
294 |
325 |
|
Liability Insurance |
(Piece) |
2 |
153 |
120 |
134 |
127 |
|
Other Kinds of Insurance |
(Piece) |
67 |
|
|
|
|
|
Motor Vehicle Insurance |
(Piece) |
1645 |
2517 |
3467 |
4404 |
5058 |
|
Goods Transport Insurance |
（Piece） |
7 |
|
6 |
1 |
3 |
|
Compensation of Cases Determined |
（10000 Yuan） |
1397 |
2334 |
2533 |
3703 |
4515 |
|
Property Insurance |
|
224 |
503 |
355 |
439 |
366 |
|
Enterprise Property Insurance |
|
144 |
245 |
185 |
199 |
193 |
|
Family Property Insurance |
|
9 |
25 |
31 |
28 |
27 |
|
Liability Insurance |
|
1 |
233 |
139 |
209 |
127 |
|
Other Kinds of Insurance |
|
70 |
|
|
|
|
|
Motor Vehicle Insurance |
|
1131 |
1831 |
2166 |
3263 |
4119 |
|
Goods Transport Insurance |
|
42 |
|
13 |
1 |
6 |
|
