There are many banks in China, including state-owned banks, large commercial banks and local commercial banks. Do you know what the four major banks in China are?
The four major state-owned banks refer to the Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of China, and the China Construction Bank, also known as the four major central banks. Together with the Bank of Communications, they are called the five major banks in China.
So how much do you know about China’s bank classifications?
Let’s take a look at the introduction.
The central bank of China's banking classification, the People's Bank of my country, is China's central bank. It is actually an administrative agency and basically does not handle banking business for individuals and enterprises.
Policy banks include the Agricultural Development Bank, Export-Import Bank, and China Development Bank, which only handle policy banking business.
Commercial banks are financial institutions that serve as credit intermediaries through deposits, loans, exchange, savings and other businesses.
Including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Postal Savings Bank of China, Bank of Communications, etc.
It can be further subdivided into the following types: 1. State-owned commercial banks (Industry, Agriculture, China, Construction, Communications - China's first national joint-stock commercial bank) 2. National joint-stock banks (there are fifteen or sixteen, such as CITIC
, Everbright, Huaxia, China Merchants, Industrial, Minsheng, Zheshang and Hengfeng) 3. City commercial banks (such as Bank of Shanghai, XX City Commercial Bank, etc.) 4. Rural commercial banks 5. Rural cooperative banks Credit unions have urban credit unions
and rural credit cooperatives.
Postal Savings only handles savings business.
Non-bank financial institutions such as financial asset management companies, trust investment companies, finance companies, financial leasing companies, etc.
Investment banks are non-bank financial institutions engaged in securities issuance, underwriting, trading, corporate restructuring, mergers and acquisitions, investment analysis, venture capital, project financing and other businesses.
Including Goldman Sachs Group, Morgan Stanley, Citigroup, Wells Fargo, UBS, Societe Generale, etc.
List of National Banks >> What are the four major banks in China? The four major banks in China: Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (Agricultural Bank of China), Bank of China (Bank of China), and Construction Bank of China (China Construction Bank). They are the four major state-owned central banks.
Banks, the following rankings are in no particular order: Main business core business of the bank when it was listed: Industrial and Commercial Bank of China (ICBC) in 2006 mainly provided diversified and professional financial services for individual and corporate users, mainly for industrial and commercial enterprises, industrial and commercial credit and savings services, Agricultural Bank of China (ABC) in 2010 provided various
Corporate banking and retail banking products and services, the business scope also covers investment banking, fund management, financial leasing, life insurance and other fields.
Mainly for rural deposit and loan business. Bank of China BOC mainly operates commercial banking business in 2006, including corporate financial business, personal financial business and financial market business. It mainly targets national foreign exchange funds and related currency business. Construction Bank CCB mainly operates in 2005.
The business areas include corporate banking, personal banking and treasury business, mainly focusing on infrastructure loan business. China's five major banks refer to China's four major banks + Bank of Communications.
Ranking of the top ten banks, what are the well-known banks, what are the common banks (2022) 1. Industrial and Commercial Bank of China ICBC Industrial and Commercial Bank of China was founded in 1984. It is a state-owned commercial bank, a domestic systemically important bank, a Fortune 500 company, and a global financial institution.
It has important influence in the system. It is a listed bank with the largest market capitalization, customer deposits and profits in the world. 2. Construction Bankccb Construction Bank was founded in 1954. It is a leading large commercial bank in China and an important domestic system.
It provides customers with comprehensive financial services. It has 14,741 branches and 349,671 employees. It serves... 3. Bank of China Bank of China was founded in 1912 and is the longest continuously operating bank in China. The domestic system
It is an important bank and has formed commercial banking businesses such as corporate finance, personal finance and financial markets as the main body, covering investment banking, direct investment, securities... 4. Agricultural Bank of China Agricultural Bank of China was founded in 1951 in the Agricultural Cooperative Bank of China.
One of China's major comprehensive financial service providers and a domestic systemically important bank, it provides a variety of corporate banking and retail banking products and services to customers, and also carries out financial... 5. Bank of Communications Bank of Communications was founded in 1908
, one of the oldest banks in China, a domestic systemically important bank, and an earlier national state-owned joint-stock commercial bank in China. Its business scope covers commercial banking, offshore finance, funds, trusts, financial leasing... well-known (famous
) Bank Brands (2022) The above brand list is obtained by the CN10/CNPP brand data research department through data collection and big data statistical analysis. The list is in no particular order and is only provided for your reference.