Number of banks reached 192 banks in 2018 in China, according to the National Central Bank. This is 1.05 % more than in the previous year.
Historically, number of banks in China reached an all time high of 204 banks in 2010 and an all time low of 144 banks in 2006. When compared to China's main peers, number of banks in India amounted to 161 banks, 117 banks in Japan, 440 banks in Russia and 4,686 banks in USA in 2018.
China has been ranked 8th within the group of 151 countries we follow in terms of number of banks, 2 places above the position seen 10 years ago.