Bank of Communications is not one of the four major banks. The Bank of Communications is not directly controlled by the state, and its full name is not China Bank of Communications, but Bank of Communications.

1. Bank of Communications, founded in 198, is one of the oldest banks in China and one of the note-issuing banks in modern China. On April 1st, 1987, the newly established Bank of Communications officially opened to the outside world, becoming the first national state-owned joint-stock commercial bank in China, with its head office in Shanghai. Its business scope covers commercial banks, securities, trusts, financial leasing, fund management, insurance and offshore financial services.

2. As the first joint-stock bank established, Bank of Communications has been covered with a strong government color from the beginning. Since its main shareholders are the Ministry of Finance and local financial departments, it was determined to have the same status as the four major banks at the beginning of its establishment-deputy ministerial level. Yin Jieyan, the former chairman, once served as deputy secretary and deputy governor of the party group of the central bank, and Jiang Chaoliang, the current chairman, once served as assistant to the governor of the central bank and deputy governor of Hubei Province.

article 11 of the law of the people's Republic of China on commercial banks, the establishment of a commercial bank shall be subject to the examination and approval of the the State Council banking regulatory authority. Without the approval of the the State Council Banking Regulatory Authority, no unit or individual may engage in commercial banking business such as absorbing public deposits, and no unit may use the word "bank" in its name.

Article 12 To establish a commercial bank, the following conditions shall be met:

(1) Having articles of association that conform to this Law and the Company Law of the People's Republic of China;

(2) It has a minimum registered capital that meets the requirements of this Law;

(3) having directors and senior managers with professional knowledge and business experience;

(4) having a sound organizational structure and management system;

(5) Having a business place, safety precautions and other business-related facilities that meet the requirements.

the establishment of a commercial bank should also meet other prudential conditions.