7- Find the 5 errors in the following text. CHINESE FINANCIAL SYSTEM The biggest component of Chinese financial system is the banking system. In terms of asset size, Chinese banking system is the second biggest in the world after the US banking system. As of end of 2018, the biggest four banks in the world were Chinese banks. Bank of China, China's central bank, is positioned at the top of the system. The so called Five Big Banks, the biggest of which is ICBC, make up about 40% of the banking system in terms of assets. Three policy banks: China Development bank, Agricultural Development Bank, Export Import Bank make up 10% of the banking system, and are important for their role in supporting government policies. Foreign banks that make up 20 % of the banking system play an important role in the economy. The other components of the banking system are the Joint Stock Commercial Banks, clty Commercial Banks, and rural banks. Shanghai Stock Exchange forms China's stock market. China's stock market is the second in the world in terms of the total market capitalization of traded firms. However China's bond market is not much developed, ranking the 6th in the world in terms of the total value of outstanding bonds. Si El S2 E2 S3 E3 S4 E4 S5 ES 7- Find the 5 errors in the following text. CHINESE FINANCIAL SYSTEM The biggest component of Chinese financial system is the banking system. In terms of asset size, Chinese banking system is the second biggest in the world after the US banking system. As of end of 2018, the biggest four banks in the world were Chinese banks. Bank of China, China's central bank, is positioned at the top of the system. The so called Five Big Banks, the biggest of which is ICBC, make up about 40% of the banking system in terms of assets. Three policy banks: China Development bank, Agricultural Development Bank, Export Import Bank make up 10% of the banking system, and are important for their role in supporting government policies. Foreign banks that make up 20 % of the banking system play an important role in the economy. The other components of the banking system are the Joint Stock Commercial Banks, clty Commercial Banks, and rural banks. Shanghai Stock Exchange forms China's stock market. China's stock market is the second in the world in terms of the total market capitalization of traded firms. However China's bond market is not much developed, ranking the 6th in the world in terms of the total value of outstanding bonds. Si El S2 E2 S3 E3 S4 E4 S5 ES