Top 10 Banks in China {Latest}

Below is a list of the largest top 10 banks in the People’s Republic of China in terms of total assets. Industrial & Commercial Bank of China (ICBC) is the most popular largest bank in the country with assets of RMB 23.5 trillion (USD 3.6 trillion). ICBC, Bank of China, China Construction Bank, and Agricultural Bank of China are the “Big Four” state-owned mercantile banks. Here are many other banks in China.

 

      1. Agricultural Bank of China. Founded in 1979.

      2. Bank of China. Founded in 1912.

      3. Bank of Communications. Founded in 1908.

      4. China Construction Bank. Founded in 1954.

      5. Industrial and Commercial Bank of China. Founded in 1984.

      6. Bank of Beijing. Founded in 1996.

      7. Bank of Shanghai. Founded in 1995.

      8. HSBC. Founded in 1865.

      9. Standard Chartered Bank. Founded in 1969.

      10. Hang Seng Bank. Founded in 1933.

 

Agricultural Bank of China: ABC or AgBank of China’s banks that was founded in 1951. It was ranked top 3 among the world’s big banks in 2017, and it is one of the country’s top five bankers. The bank’s main principle is to inquire about progress while maintaining solidity and promoting supply-side structural reform to support national economic growth. observe to this principle, ABC holds green credit as a major direction for business development and structural adjustment.

Bank of China: BOC was founded in 1912 and was one of the big oldest banks in China. From 1912 to 1949, the Bank distribute successively as the country’s central bank, international exchange bank, and specialized international commerce bank. Fulfilling its dedication to serving the public and expend China’s monetary services zone, the Bank rose to a leading site in the Chinese monetary industry and developed a fine standing in the international financial community, in spite of many hardships and complications. In 2017, BOC was categorized as the 4th great bank by assets in the world.

Bank of Communications: BoComm was established in 1908 and was also one of the oldest banks in China – just a few years older than BOC. It was one of the first banks to have issued banknotes and became one of the major financial service providers in China. become covers commercial banks, securities, trusts, financial leasing, fund management, insurance, and offshore financial services. In 2017, it was listed as the 34th world largest public company and 24th on the list of the world’s largest banks by Forbes.

China Construction Bank: CCB is one of the “big four” banks in China and the country’s second-largest lender by assets that was founded in 1954. In 2017, CCB was categorized 2nd in the World’s Top 1000 Banks by the UK magazine. As of 2017, the bank has above 14,985 banking stores & 251 overseas organizations. This year, it has opened a branch in Shanghai managed by robots run by pure technology including facial recognition (FR), artificial intelligence (AI), and virtual reality (VR).

Industrial and Commercial Bank of China: ICBC is the world’s big largest and richest bank by total assets (26 Trillion RMB). It’s a state-owned commercial bank that was established on January 1, 1984. ICBC is listed as a number one on the World’s Biggest Public Companies by Forbes and has better Wells Fargo to become the world’s most capable of being a banking brand.

Bank of Beijing: Bank of Beijing is a Sino-foreign joint-stock commercial bank that was established in 1996. Today it has over 600 branches located in over 10 domestic major cities. In its first quarter of 2018, its total assets amounted to 2.39 trillion yuan and have already reaped a 5.811 billion yuan profit. Bank of Beijing has 4 pillars: Corporate Banking Business, Retail Banking Business, Treasury Business, and Other Business.

Bank of Shanghai: Bank of Shanghai is a joint-stock commercial bank formed by state-owned shares in December 1995. Currently, it has over 315 branches and over 10,000 employees. The bank covers main business segments such as Corporate Banking, Retail Banking, and Treasury Business. Among its many awards are “Best Development Award of Syndicated Loan Business” by the China Banking Association and “Best Member of forwarding Exchange and Swap” by China Foreign Exchange Trade System.

HSBC: HSBC is one of the first foreign banks that has merged in China in April 2007. It’s a Hongkong based bank that was established in 1865 to finance trade between Asia and the West. Today it has above 3,900 offices in 67 countries, 170 vents of which are in China. For successional years, HSBC was awarded as the “Best Foreign (Commercial) Bank in China” by FinanceAsia.

Standard Chartered Bank: SCB is a big International bank established in1969 in London, England. In China, SCB has merged its first branch in Shanghai. Along with HSBC, CSB merged in China in April 2007. Standard Chartered has one of the big largest foreign bank networks in China – with 17 branches, 42 subbranches, and 1 Village Bank also.

Hang Seng Bank: HSB is another Hongkong-based banking and financial employ company founded in 1933. HSB was founded in China in May 2007, now it has a super network of 46 branches and sub-branches in China. Among its various milestones in China, Hang Seng recently publish the launch of the Mobile Video Teller instrument, becoming the first foreign bank to launch this business.