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Agricultural Bank of China Bank of China Bocom China Construction Bank China Citic Bank China Merchants Bank
ABC Bank of China BoCom CCB China CITIC Bank China Merchants Bank

Agricultural Bank of China (ABC) – One of the largest banks in China with total assets of $2.745 trillion as of December 2015. It specializes in providing services to agricultural, industrial, commercial, and transportation enterprises in rural areas. ABC serves over 320 million customers.

Bank of China (BOC) – One of China’s four state-owned commercial banks. The Bank provides personal, business and corporate banking and financial markets services. As of December 31, 2015, it had total assets of over $2.595 trillion.

Bank of Communications (BoCom) was founded in 1908 and is one of the four oldest banks in China. The company has over 180 domestic branches and more than 2,700 operating locations across the country. Apart from Hong Kong, BoCom maintains overseas branches in New York, Tokyo, Singapore, London and Frankfurt.

China Construction Bank (CCB) – One of the big four banks in China. CCB operates over 14,800 domestic branches and maintains overseas branches in New York, Hong Kong, Singapore, Frankfurt, Johannesburg, Tokyo, Seoul, Sydney and Moscow. As of April 29, 2016, the market capitalization of CCB reached approximately US$162 billion.

China CITIC Bank – A Chinese government owned bank headquartered in Beijing. It was founded in 1987 and operates as a subsidiary of CITIC Group. As of December 31, 2015, it had total assets of CNY 5.122 trillion ($790.3 billion).

China Development Bank (CDB) provides financing for national projects such as infrastructure, basic industries, energy and transportation. The Bank was established in 1994 and is headquartered in Beijing. As of December 2014, CDB had total assets of over CNY10.0 trillion (US$1.615 trillion).

China Everbright Bank – A nationwide joint-stock commercial bank with over 950 branches and outlets and one representative office in Hong Kong. At the end of 2015, the Bank had total assets of CNY 3.168 trillion. The company was established in August 1992 and is based in Beijing.

China Merchants Bank (CMB) – CMB is China’s first joint-stock commercial bank and the first bank to attend the national experiment for the promotion of China’s banking industry reform driven by endeavors from outside the government. CMB is also the first Chinese commercial bank that provides private banking services, earning it the title ‘Best Private Bank of China’. As of December 31, 2015, CMB assets amounted to US$844.7 billion.

China Minsheng Banking Corporation (CMBC) – The first national joint-stock commercial bank with shares mainly from non-public enterprise. The company provides a wide range of personal and commercial banking products and services. CMBC has over 500 branches and banking outlets throughout the country as well as 1 representative office in Hong Kong. The Bank was established on January 12, 1996 and is based in Beijing.

Industrial and Commercial Bank of China (ICBC) – The largest bank in the world by assets and market capitalization. The Chinese government owns about 70% of ICBC. As of April 29, 2016, ICBC had a market capitalization of over US$224 billion.

HSBC Bank China – The largest foreign bank in terms of network in China with more than 145 outlets.

Hua Xia Bank – A state-controlled publicly traded bank established in 1992. With over 10,000 employees, the Bank operates more than 320 branches across China.

Postal Savings Bank of China (PSBC) – One of the largest commercial banks in the country. PSBC serves about 490 million retail and corporate customers through a network of over 40,000 outlets nationwide. PSBC is a 100% subsidiary of China Post Group.

 The Largest Banks in China

Rank Name of bank Total Assets, US$b Total Assets, RMB, m Balance sheet
1 Industrial and Commercial Bank of China 3,126.0 18,917,752 31.12.2013
2 China Construction Bank 2,538.6 15,363,210 31.12.2013
3 Agricultural Bank of China 2,406.2 14,562,102 31.12.2013
4 Bank of China 2,292.6 13,874,299 31.12.2013
5 China Development Bank 1,322.1 8,001,000 31.12.2013
6 Bank of Communications 984.99 5,960,937 31.12.2013
7 Postal Savings Bank of China (PSBC) 812.21 4,915,338 31.12.2012
8 China Merchants Bank 663.67 4,016,399 31.12.2013
9 Shanghai Pudong Development Bank 608.10 3,680,125 31.12.2013
10 Industrial Bank Co Ltd 607.66 3,677,435 31.12.2013
11 China Citic Bank Corp 601.67 3,641,193 31.12.2013
12 China Minsheng Banking Corp 533.10 3,226,210 31.12.2013
13 China Everbright Bank 399.07 2,415,086 31.12.2013
14 Agricultural Development Bank of China 378.91 2,293,079 31.12.2012
15 Ping An Bank Co 312.59 1,891,741 31.12.2013

* The exchange rate on December 31, 2013