Who are the four major banks? 01 The four major banks usually refer to the four major banks in China, which refer to the four large state-owned banks directly controlled by the state (Ministry of Finance, Central Huijin Corporation) , specifically including: Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank (Industry, Agriculture, China, Construction), also known as the four central banks, which represent the strongest financial capital in China. The four major banks often referred to actually mainly refer to the four major banks in China. Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank are four state-owned banks directly controlled by the state. The four major state-owned banks have gone through the stage of professional banking with separate division of labor at the beginning of the founding of the People's Republic of China. In the new century, each of them has basically become a comprehensive large-scale listed bank, and they have all joined the development strategy of the world's top 500 companies. Today's four major banks are no longer monolithic in their business scope, and are moving towards the goal of comprehensive, international, and modern large commercial banks. 1. China’s four major banks rank first: Bank of China. Bank of China is the oldest bank among the four major banks in China. It was established with the approval of President Sun Yat-sen on January 24, 1912. It has a history of 100 years. 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. It is also the most globalized and diversified bank in China, with institutions covering mainland China and 51 countries and regions. 2. China’s four largest banks rank second: Agricultural Bank of China. The Agricultural Bank of China was established in 1951. At the beginning, it was mainly responsible for carrying out savings and lending services in the vast rural areas. But today, Agricultural Bank of China is an important part of China's financial system and one of the world's top 500 companies. It ranks among the top 7 of the top 1000 global banks and has a Moody's credit rating of A1. 3. China’s four major banks rank third: Industrial and Commercial Bank of China. Industrial and Commercial Bank of China was established on January 1, 1984. The basic tasks of the Industrial and Commercial Bank of China are 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. It is still the largest commercial bank in China. one. 4. China’s four major banks rank fourth: China Construction Bank China Construction Bank was established on October 1, 1954. Its head office is located at No. 25 Financial Street, Beijing. It is a large state-owned bank and one of the four major banks in China. 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.