Service Industry
(Hebei Online)
Updated: 2004-07-13 16:11

■Trade Circulation

Commerce system
With many years' development, Hebei now has formed a market network system whose center is province and cities, and which joins with counties (cities), at the same time stretches into towns and streets.

Due to its increasing market radiate effect, Hebei primarily formed a relatively rational new market structure, which embraces large, medium and small scales, high, middle and low classes, and many different varieties.

The total number of its commodity trading markets were 4,705, 242 of which have an annual deal value was beyond 10 million yuan, including 24 ones beyond 10 billion yuan.

Shijiazhuang Xin Hua trade center market and Nan San Tiao commodity wholesale market are both ranked among the top 10 markets of China.

Hebei's special characteristic markets are developing a school of their own, for example, Xinji leather marketplace, An Guo Dongfang medicine marketplace, Liushi leather marketplace, BaiGuo bag and leather products marketplace, An Ping silk screen world, Qinghe wool market, Pingxiang bicycle parts market, Gaoyang Pangkou automobile, tractor and agricultural machine parts market and so on and so forth.

Hebei also established and reconstructed a number of large-scale retail enterprises, for example, Shijiazhuang Beiguo department store with an annual sales value of more than 50 million RMB, Tangshan Department Store (Group) Company, Qinghuangdao Hualian Department Store Holding Co., Ltd. and Shijiazhuang Dongfang Shopping Center, all with an annual sales value of over 35 million yuan.

Since 1993, its for-people-convenient chain stores and supermarkets have developed rapidly, and Shijiazhuang Baolong supermarket has become one of the top 10 supermarkets in China.

There had been 82 financial markets, 1,784 labor force markets and organizations, 214 talent markets, 5,339 technical trading organizations and 3,280 information markets and organizations.

Market construction
The trades in financial, labor, real estate, and information markets are going in a direction of standardization. Commercial enterprises established large-scale comprehensive circulating enterprise groups through assets circulation and recombination.

For example, Hebei Vegetable around Beijing and Tianjing Delivery Group, and Hebei South and North Vegetable Transport and Sales Group are both allied groups which combine production processing workshops with transport and sales organizations, and integrate trade, delivery, quality level, processing and transport, and scientific study and training.

Speeding up its steps of linking with national of trading nets, Hebei has constructed a highly-efficient, sensitive and modern market information system, and has formed step by step a set of province-covering market information net to join with the world and the domestic market with the help of computer, fax machine and big screen electronic display system.

■Finance and insurance

The balance of deposit of all kinds in financial organizations reached 554.35 billion RMB in 2000, and the balance of loan of all kinds reached 413.4 billion yuan. Hebei has formed a set of financial system, adjusted and supervised macroscopically by the center bank. In this system, the state banks are the principal part; policy finance departs from commercial finance; many financial organizations coexist through division and cooperation.

Since 1978, some financial reform has been taken place. In 1984, People's Bank of China declared to stop credit and deposit services and formally took the duty as a center bank in the province to macroscopically adjust and supervise finance of Hebei.

In 1994, Industrial and Commercial Bank of China, Bank of China, Agricultural Bank of China and Construction Bank of China transferred into state commercial banks. The only policy financial organization in Hebei---Agricultural Development Bank of China, Hebei Branch, was established in 1995.

With the issue of Law of Commercial Banks in 1995, a number of joint-stock commercial banks emerged as the times require, like Shijiazhuang City Commercial Bank. In addition, Hua Xia Bank, China Minsheng Banking Cooperation and Everbright Bank also established branches in Hebei.

In 1998, People's Bank of China established a set of system of separate management and separate control of banking, stock and insurance, repealed branch banks at provincial level and branches at county level, and established 9 branches directly under the province.

People's Bank of China, Shijiazhuang center branch was formally founded on December 31st, 1998, and performed its new line of duty---some financial services such as financial supervision, carrying out currency policies, leading and managing financial statistics, payment science and technology, bullion currency, taking charge of the national purse and financial safeguarding in the territory of Hebei.

Financial market
Nowadays, the financial market in Hebei has crabbled and developed many services like stock, bands and commercial notes.

There are 30 companies coming into the market with 13.4 billion RMB of total capital stocks and 4.3 billion RMB of circulating stocks, total market value being 88.4 billion yuan. The trading stock value of 2002 reached 7.65 billion yuan.

Insurance
China People's Insurance Company transferred into the professional company from administrative organizational system in 1981, and established China People's Insurance Company Hebei branch in Hebei province; then expanded its shunting organizations into all the cities and counties of Hebei.

The enact of Law of Insurance and the establishment of China Insurance Supervising and Controlling Committee in 1996 provided the operation of insurance market with legal reference and operating rules.

On February 23rd, 1996, the first joint-stock commercial insurance company---China Pacific Insurance Company Shijiazhuang Branch was established. And China Safety Insurance Shijiazhuang Branch was established in November 1996.

The domestic insurance services of three insurance companies in Hebei include: property insurance, agricultural insurance, life insurance, liability insurance and so on.

Their insurance services concerning foreign affairs are gradually approaching the scope of the international insurances, and at the same time their insurance business has established business contact and agent service with all kinds of insurance organizations in almost one hundred countries and districts in the five continents of the world.

Supervision upon RMB and foreign exchange
China adopts unified management to control foreign exchange and it is the State Foreign Exchange Administration that function this management authority.

Shijiazhuang branch is the outgrowth organization of the State Foreign Exchange Administration in Hebei, and its line of duty is to manager foreign exchange affairs. RMB is the legal tender issued and managed by People's Bank of China. Its unit is yuan RMB (1 yuan =10 jiao, 1 jiao = 10 fen).

RMB exchange rate is laid down by People's Bank of China and issued externally by the State Foreign Exchange Administrative Association.

By the end of 1998, there were 883 financial organizations which can handle foreign exchange affairs, and the balance of all kinds of foreign exchange savings reached near 90 million US dollars; the balance of all kinds of loan was 1.3 billion US dollars.

Basal establishment construction projects and export projects, such as enterprises in the three forms of sino-joint venture, cooperative business and exclusive foreign-owned enterprises in China, energy, transportation, electricity, electronic and communication, have been given the most support.

■Transportation and traffic

Railway　　 There are 15 national mainline railways and nine local railways in Hebei province and the turnover of railway cargoes is the highest in the mainland. The mainline in Hebei province is 3,400km long, including 1,778km double-line electrized railway. With the construction of Beijing-Jiulong, Handan-JiNan and the second channels of transporting coal from west to east--Shuozhou--Huanghua, Hebei has formed a railway transport net extending in all directions. All the passenger trains can reach directly all places in China except Tibet, Taiwan and Hainan. International trains can get to Moscow, Ulan Bator, Pyongyang and other places in foreign countries. All the large-scale railway stations equipped with containerization transportation. Shijiazhuang railway pivotal station is located on the point of intersection of Beijing-Guangzhou line, Shijiazhuang-Taiyuan line and Shijiazhuang-Dezhou line, and it is the only top-grade station that embraces both transporting of passengers and cargoes, and organizing into groups. It is a very important main drag joining north China, east China and the center south of China.

Table1: Main National Railroads Through Hebei Province

Beijing-Harbin Railway  Beijing-Guangzhou Railway  Beijing-Shanghai Railway  Shijiazhuang-Taiyuan Railway  Beijing-Baotou Railway  Beijing-Chengde Railway  Jinzhou-Chengde Railway  Fengtai-Shacheng Railway  Shijiazhuang-Chengde Railway  Beijing-Taiyuan Railway  Beijing-Qinhuangdao Railway  Beijing-Tongliao Railway  Handan-Changsha Railway  Beijing-Jiuzhou Railway  Datong-Qinhuangdao Railway / /

Table2: The Passenger Turnover Volume of Hebei Railway Transportation

（unit:0.1 billion people per kilometer）

Name \ Year 1985 1990 1995 1999 The Passenger Turnover Volume of Railway Transportation 226.88 249.44 287.72 338.23

Table3: The Commodity Turnover Volume of Hebei Railway Transportation

（unit: 0.1 billion tons per kilometer）

Name \ Year 1985 1990 1995 1999 The Commodity Turnover Volume of Hebei Railway Transportation 967.05 1256.80 1534.74 1371.23   Highroad　　 By the end of 2002, there are 17 national mainline highroads in the territory of Hebei province, 143 mainline roads at the provincial level and 15 highways. 63,000km highroad is open to traffic; road denseness is 33.6km per hundred sq km; 94.9% of roads in towns and villages are asphalt-covered; and 1,591km highway was open to traffic. Turnover of highroad cargoes is ranked the second in the mainland and the ratio of passenger transport in towns and villages reached 99.7%. The level of its highroad is gradually increasing. Centering Beijing, and taking Shijiazhuang and Tianjing as its hinge, the highway transportation eradiates the whole Hebei province, and joins with four harbors: Qinghuangdao, Tianjing, Jingtang and Huang, and with the skeleton highwaynet of Datong and Yangquan which are two coal bases.

Civil aviation 　　
Basically, Hebei has formed airline net that takes Shijiazhuang and Qinghuangdao as its center, and eradiates more than 30 large or medium cities in China. It also exploited the international airlines to Japan, Korea, Southeast Asia and Russia, with Shijiazhuang airport being its center.

* Shijiazhuang Zhengding airport
This is the first large-scale civil airport at the 4D level, as the take-off standby airport and distributary airport of the capital airport. Since its opening to traffic, it has received and sent 1. 6 million passengers, 166,000 tons of cargoes and mail.

Successively, 14 airline companies, such as China International Airline Company and China Eastern Airline Company opened 44 navigation lines to 34 cities, including 40 domestic airlines (one line to Hong Kong) and 4 international lines to Russia and other countries. The general layout of the airport is to realize annual turnover of 9 million passengers and 25,000 everyday averagely.

By the end of 2002, the airport had depatched 5,800 charter flights accumulatively for cargo charter flight services to Russia.

* Qing Huang Dao -Shanghaiguan Airport
It is an international second-class airport. It's runway which ranks 4C can meet the landing of B737, MD-82 and A320 airliner with 150 seats. 22 airlines to 18 cities such as Dalian Shenyang and HaErBin have been available.

Shipping　　
From North to South, there are 4 bigger ports, Qing Huang Dao Port, Jing Tang Port, Tian Jing Port and Huang Hua Port in Hebei Province. He Bei Province has 55 anchors, 10 shipping enterprises and 33 large-scaled ships, 41 anchors have ten thousand tons capacity.

The handling capacity reaches 169,890,000 tons. Qing Huang Dao Port is the biggest coal exporting port in the world with 29 anchors, 124millions tons handling capacity which ranks the second in China Mainland.

It is a large-scale distributing port with the five transportation modes of shipping, railing, highway, air and pipe. East Port, West Port and Cao Fei Ding from Jing Tang Port which has 12 anchors and 1066 million tons handling capacity.
It realized international airlining on 18th July 1993. The earlier stage work of Cao Fei Ding Port's 25 tons mineral and petroleum shipping dock has begun. Huang Hua Port owns two 1000-tons anchors, two 3000-ton anchors and 125 million tons handling capacity.

It is the second shipping passage for transporting western coal to the east. The national trans-century key engineering--Huang Hua Port and Suo Huang Railway (ShuoZhou--HuangHua) was anticipated to be set up.

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