|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 over $2.8 trillion as of March 2016. 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||3,545.00||22,883,325||31.03.2016|
|2||China Construction Bank||2,965.69||19,143,791||31.03.2016|
|3||Agricultural Bank of China||2,852.55||18,413,470||31.03.2016|
|4||Bank of China||2,639.77||16,815,597||31.03.2016|
|5||China Development Bank||1,897.80||n/a||31.12.2015|
|6||Bank of Communications||1,147.06||7,404,417||31.03.2016|
|7||Postal Savings Bank of China (PSBC)||1,049.19||n/a||30.09.2015|
|8||China Citic Bank Corp||848.594||5,477,758||31.03.2016|
|9||Industrial Bank Co Ltd||847.513||5,470,783||31.03.2016|
|10||China Merchants Bank||841.512||5,432,042||31.03.2016|
|11||Shanghai Pudong Development Bank||781.452||5,044,352||31.12.2015|
|12||China Minsheng Banking Corp||746.820||4,820,798||31.03.2016|
|13||China Everbright Bank||541.270||3,493,951||31.03.2016|
|14||Agricultural Development Bank of China||486.778||3,142,201||31.12.2014|
|15||Ping An Bank Co||388.398||2,507,149||31.12.2015|
* The exchange rate on March 31, 2016