China's five largest banks are comprehensive large-scale commercial banks with a wide range of businesses, representing the most abundant capital and strength in China's financial sector.
Brief introduction of the five major banks:
1, Industrial and Commercial Bank of China
ICBC for short, China Industrial and Commercial Bank in English. Founded in 1984 65438+ 10/0/,the head office is located at No.55 Fuxingmennei Street, Beijing. It is a large state-owned bank managed by the central government and one of the four largest banks in China.
China Industrial and Commercial Bank has the largest customer base in China, and is one of the largest commercial banks in China and one of the top 500 enterprises in the world. The basic task is to raise social funds through domestic and foreign financing activities according to national laws and regulations, strengthen the management of credit funds, support enterprise production and technological transformation, and serve China's economic construction.
2. Agricultural Bank of China
Abbreviation ABC, AGRICULTURAL BANK OF CHINA, English name is Agricultural Bank of China. Founded in 195 1, the head office is located at 69 Jianguomen Inner Street, Beijing. It is a large state-owned bank managed by the central government and one of the four largest banks in China. ?
Headquartered in Beijing, it is an important part of China's financial system and a Fortune 500 company. It ranks in the top seven in "Global Banking 1000", and Moody's credit rating is A 1.
3. Bank of China
BOC, English Bank of China. Founded on February 5th, February 5th, 19 12, with the approval of Dr. Sun Yat-sen, the head office is located atNo. 1 Fuxingmennei Street, Beijing. It is a large state-owned bank managed by the central government and one of the four largest banks in China.
Bank of China is a note-issuing bank in Hongkong and Macau, covering commercial banks, investment banks, insurance and aviation leasing. It owns holding financial institutions such as Bank of China International, Bank of China Fund, Bank of China Insurance, Bank of China Investment and Bank of China Hong Kong. To provide financial services to individual and corporate customers around the world.
4. China Construction Bank
CCB for short, China Construction Bank in English. Established in June 1954 10 1. The head office is located at No.25, Financial Street, Beijing. It is a large state-owned bank managed by the central government and one of the four largest banks in China. ?
The main business areas include corporate banking, personal banking and treasury business. There are 14, 12 1 branches in Chinese mainland (as of 20 12), and branches in Hongkong, Taiwan Province Province and Melbourne, including CCB Fund, CCB Leasing, CCB Trust, CCB Life Insurance and CCB International.
5. Bank of Communications
BOCOM, referred to as Bank of Communications, is Bank of Communications in English. Founded in 1908 and headquartered in Shanghai, it is a state-owned commercial bank, one of the oldest banks in modern China and one of the note-issuing banks in modern China.
The head office of Bank of Communications 195 1 moved back to Beijing, and the address of Shanghai Bund 14 was stationed by Shanghai Federation of Trade Unions. In order to adapt to the reform and development of China's economic system, on July 24th, 1986, the State Council approved the re-establishment of Bank of Communications as a pilot of financial reform. 1 987 April1day, the newly established Bank of Communications officially opened to the outside world, becoming the first national state-owned joint-stock commercial bank in China.
Extended data
Brief introduction to the operation of China's five major banks
1, Industrial and Commercial Bank of China
By the end of 2005, the balance of various deposits of China Industrial and Commercial Bank was 5,736,866,000 yuan, and the balance of various loans was 3,289,553 million yuan. In 2005, the net profit was 37.405 billion yuan. By June 30, 2006, ICBC had over 654.38 billion personal accounts and over 2.5 million corporate accounts. ICBC's indicators meet the requirements of the Basel Accord.
In 20 14, China industrial and commercial bank was rated as "the best bank in the world" by British Banker, ranked first among the 1000 largest banks in the world by Banker magazine and the largest enterprise in the world by Forbes magazine.
2. Agricultural Bank of China
At the end of 2009, the total assets were 8,882.588 billion yuan, accounting for 1 1.3% of the total assets of China banking industry. It is the largest and most powerful modern commercial bank in China. The net profit of 20 10 was 94.9 billion yuan, and the profit rate increased by about 50%, ranking first among the five major banks.
On July 20 10 7 15 and 16, the Agricultural Bank of China successfully listed its A shares on the Shanghai Stock Exchange and its H shares on the Hong Kong Stock Exchange, ranking fifth among the listed banks in the world in terms of total market value. In 20 15, it ranked 23rd among the top 500 Chinese brands sponsored by China Brand Value Research Institute.
3. Bank of China
65438-0929, Bank of China established the first overseas branch of China's financial industry in London. Since then, Bank of China has successively opened branches in major financial centers around the world.
Bank of China (Hong Kong) Limited (hereinafter referred to as "Bank of China (Hong Kong)" or "Bank of China Hong Kong"), which belongs to Bank of China, was formally established on 2001kloc-0/,and is a licensed bank registered in Hong Kong. BOC Hong Kong is one of the three note-issuing banks in Hong Kong and one of the rotating chairman banks of the Hong Kong Association of Banks. The restructured BOC Hong Kong was listed in Hong Kong in July 2002.
4. China Construction Bank
After nearly 50 years of reform and development, China Construction Bank has the strength to participate in domestic and international market competition. By the end of June 2004, the total assets were 3,722.8 billion yuan and the total liabilities were 3,522.3 billion yuan. The capital adequacy ratio reached 8. 17%. According to statistics at home and abroad, the balance of non-performing loans of the whole bank was 65.765438 billion yuan, and the non-performing loan ratio was 3.08%, reaching the standard of 3-5% required by the CBRC.
5. Bank of Communications
As the first national joint-stock commercial bank in China, Bank of Communications has shouldered a dual historical mission since it was re-established. It is not only the inheritor of a century-old national financial brand, but also the forerunner of China's financial system reform.
On June 23rd, 2005, Bank of Communications successfully listed in Hong Kong, becoming the first mainland commercial bank in China to list overseas. Bank of Communications has developed into a century-old national brand modern commercial bank with clear development strategy, perfect corporate governance, sound institutional network, advanced management, excellent financial services and good financial status.
Access to information: Baidu Encyclopedia-China's top five banks