Banks in China

ABC	Bank of China	BoCom	CCB	China CITIC Bank	China Merchants Bank

Agricultural Bank of China (ABC) – One of the largest banks in China with total assets of over $2.8 trillion. It specializes in providing products and services to agricultural, commercial, industrial and transportation enterprises in rural areas. ABC serves over 320 million customers.

Bank of China (BOC) – One of China’s four state-owned commercial banks. It provides personal, business and corporate banking and financial markets services. As of June 2017, BOC had total assets of about $2.9 trillion.

Bank of Communications (BoCom) was founded in 1908 and is one of the four oldest banks in China. The company has over 230 domestic branches and about 3,300 operating locations across the country. Apart from Hong Kong, BoCom maintains overseas offices in New York, Tokyo, Seoul, Singapore, Taipei, London, Frankfurt, San Francisco and Sydney.

China Construction Bank (CCB) – One of the big four banks in China. CCB operates over 14,900 domestic branches and has overseas offices in New York, Hong Kong, Singapore, Frankfurt, Johannesburg, Tokyo, Seoul, Sydney, Luxembourg, Macau, Dubai, Paris, Amsterdam, Barcelona, Milan, London, Zurich, and Toronto. As of January 5, 2018, the market capitalization of CCB reached approximately US$247 billion.

China CITIC Bank – A government owned bank headquartered in Beijing. It was founded in 1987 and operates as a subsidiary of CITIC Group. As of June 2017, it had total assets of CNY 5.7 trillion ($834 billion).

China Development Bank (CDB) provides financing for national projects such as infrastructure, basic industries, energy and transportation. The Bank was established in 1994 and is headquartered in Beijing. As of December 31, 2016, CDB had total assets of over US$2 trillion.

China Everbright Bank – A nationwide joint-stock commercial bank with over 950 branches and outlets and one representative office in Hong Kong. At the end of 2016, it had total assets of CNY 4.02 trillion ($579 billion). The company was established in August 1992 and is based in Beijing.

China Merchants Bank (CMB) – The country’s first joint-stock commercial bank and one of the 10 largest financial institutions in China in terms of assets. It is also the first Chinese commercial bank that provides private banking services, earning the title "Best Private Bank of China". As of December 2016, CMB assets amounted to US$856 billion.

China Minsheng Banking Corporation (CMBC) provides a wide range of personal and commercial banking products and services. It has over 500 branches and banking outlets throughout the country as well as representative office in Hong Kong. CMBC was established on January 12, 1996 and is headquartered in Beijing.

Industrial and Commercial Bank of China (ICBC) – The largest bank in the world by assets and market capitalization. The Chinese government owns about 70% of ICBC. As of December 1, 2017, it had a market capitalization of US$307 billion.

HSBC Bank China – The largest foreign bank in terms of network in China with more than 145 outlets.

Hua Xia Bank – A state-controlled publicly traded bank established in 1992. With over 34,000 employees, it operates more than 90 branches and approximately 800 outlets across China.

Postal Savings Bank of China (PSBC) – One of the largest commercial banks in the country. PSBC serves about 500 million retail and corporate customers through a network of over 40,000 outlets nationwide. PSBC is a 100% subsidiary of China Post Group.

 The Largest Banks in China

* The exchange rate on June 30, 2017