The five largest banks in China are Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of China, and Bank of Communications. These five major banks are all state-owned banks, and their security is very high.
At present, the technologies used for security prevention and control in financial systems are similar. No matter how much money is invested, the same security system is still used, but the five major banks must use the highest level of protection.
Therefore, in terms of bank risk prevention and control, there will not be much difference between the five major banks, and there is no way to say which one is the safest.
1. Industrial and Commercial Bank of China (INDUSTRIAL AND COMMERCIAL BANK OF CHINA, ICBC for short) was established on January 1, 1984. The head office is located at No. 55, Fuxingmennei Street, Beijing. It is a large state-owned bank.
The basic mission of ICBC is to raise social funds through domestic and foreign financing activities in accordance with national laws and regulations, strengthen credit fund management, support enterprise production and technological transformation, and serve my country's economic construction.
In February 2017, Brand Finance released the list of the top 500 global brands in 2017, with Industrial and Commercial Bank of China ranking 10th.
2. Agricultural Bank of China (AGRICULTURAL BANK OF CHINA, ABC for short) was established in 1951. The head office is located at No. 69 Jianguomennei Street, Beijing. It is a large state-owned bank.
The Agricultural Bank of China is an important part of China’s financial system. It provides a variety of corporate banking and retail banking products and services, and also carries out financial market business and asset management business. Its business scope also covers investment banking and fund management. , financial leasing, life insurance and other fields.
3. The head office of China Construction Bank is located at No. 25 Financial Street, Beijing. It is a large state-owned bank. China Construction Bank's main business areas include corporate banking, personal banking and treasury services. It has branches and subsidiaries in 29 countries and regions, and owns funds, leasing, trusts, life, property and casualty insurance, investment banking, futures, and pensions. subsidiaries in many industries.
China Construction Bank has a broad customer base and maintains banking business relationships with a number of large enterprise groups and leading enterprises in China's strategic economic industries. Its marketing network covers major regions across the country.
4. BANK OF CHINA was formally established on February 5, 1912. The head office is located at No. 1, Fuxingmennei Street, Beijing. It is a large state-owned bank. Bank of China is the note-issuing bank in Hong Kong and Macau. Its business scope covers commercial banking, investment banking, funds, insurance, aviation leasing, etc.
5. Bank of Communications (Bank of Communications, referred to as Bank of Communications) is headquartered in Shanghai. The main business covers commercial banking, investment banking, securities, trust, financial leasing, fund management, insurance, offshore financial services, etc.
Bank of Communications is the first joint-stock commercial bank in New China. In June 2005, Communications Bank Co., Ltd. was listed on the Hong Kong Stock Exchange.