Biggest Chinese Banks

Which is the oldest bank among the “Big 4” of Chinese banks?

The Bank of China is the oldest among the four biggest Chinese banks, as it was established in 1912.

What is the largest bank in China by assets?

The Industrial and Commercial Bank of China with an asset of $5.7 trillion is the largest among all Chinese banks.

Are all Chinese banks owned by the state?

Although more and more banks in China are starting to opt for privatization, each of the four biggest banks in China remain predominantly state-owned and headquartered in Beijing.

Which is the most important bank in China?

The Industrial and Commercial Bank of China (ICBC) is the largest bank in China by total assets, total employees and total customers, therefore it can said to be the most important bank among the other state owned banks.

How many banks operate in China?

According to a recent survey conducted by Statistica, the number of banking institutions in China reached to 4,561 by 2022.



4 Biggest Chinese Banks

4 Biggest Chinese Banks: China being a financially strong country and the second largest economic power in the world has a large banking system, which acts as a strong foundation for the economy of China. A 2021 statistical research revealed that China had approximately 187 commercial banks in total.

This article discusses the Four Biggest Chinese banks are Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), Bank of China (BOC) and China Construction Bank (CCB) which are the backbone of the Chinese banking industry, which is even ranked higher in terms of total value than the US banking system.

Please go through this article for detailed information and important keywords relating to the biggest Chinese banks.

Table of Content

  • List of Four Biggest Chinese Banks:
  • The Four Biggest Chinese Banks:
  • China’s Banking System :
  • Conclusion:
  • 4 Biggest Chinese Banks – FAQs

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List of Four Biggest Chinese Banks

According to the S&P Global Market Intelligence 2023 annual rankings the four largest banks in the world are situated in China. The Chinese Communist Party (CCP) aka the ruling party of the remaining government, controls the financial institutions of the country through the People’s Bank of China (PBOC); PBOC dictates the monetary policy of the country and ensures substantial government influence on the financial sector of China....

The Four Biggest Chinese Banks

The four biggest Chinese banks, the services they provide and their economic impact are discussed in detail below:...

1. Industrial & Commercial Bank of China (ICBC)

Bank Type Specialized commercial bank Assets $5.7 trillion No. of Employees 434,089 (approx.) Headquarters Beijing, China....

2. China Construction Bank Corp.(CCB)

Bank Type Commercial bank Assets $5.0 trillion No. of Employees 351,252 (approx.) Headquarters Beijing, China...

3. Agricultural Bank of China

Bank Type State-controlled Commercial bank. Assets $4.9 trillion No. of Employees 455,174 (approx.) Headquarters Beijing, China...

4. Bank of China (BOC)

Bank Type Majority State-owned Commercial Bank Assets $4.2 trillion No. of Employees 306,322 (Approx.) Headquarters Beijing, China...

China’s Banking System

We find that Banks in China are highly regulated by the government to ensure financial stability. People’s Bank of China aka the Central Bank and of China used to be responsible for all banking operations in China, but that changed in 1980s when the Chinese government introduced five state-owned banks. The banking system in China currently can be classified into the following types:...

Conclusion

We find that banks in China are highly regulated by their government to ensure stability and growth and that the four biggest banks aka the “big 4” of China are all state-controlledBig big world’s banks. These banks are evolving and privatizing more with time as the Chinese economy adapts to capitalism....

4 Biggest Chinese Banks – FAQs

Which is the oldest bank among the “Big 4” of Chinese banks?...