Largest Banks in China
1. People’s Bank of China
Established in December 1948, the bank reserved $3.201 trillion. This is the central bank of china with the power to control monetary policy and regulate financial institutions. It has 9 regional branched in Tianjin, Shenyang, Shanghai, Nanjing, Jinan, Wuhan, Guangzhou, Chengdu and Xi’an, 2 operations offices in Beijing and Chongqing, 303 municipal sub branched and 1809 country level sub branches.
2. Agricultural Bank of China
This Bank is the Public Finance Company, Agricultural Bank of China is the world’s largest Bank by Total number of employees, main office situated in Beijing in China and founded in 1951. This Bank has 441,144 employees, it has over 24,000 branches.
3. Industrial and Commercial Bank of China Ltd. (ICBC)
This is the Second Largest Bank in the world by total number of employees, the Total employees working in ICBI banks are 394,801. The Total asset of this bank is 2.04 trillion dollars, net income – 24.39 Billion. The ICBC Bank headquartered in Beijing in China which is founded in 1984. This Banks served its services worldwide with over 18,000 outlets and 106 overseas branches. It is also the largest bank in the world by Profit and Capitalization.
4. Bank of China
This Banks is the third largest in the world based on total employees, headquartered in Beijing in China and founded in 1912 and oldest Bank in China. Bank of China has 389,827 employees in china and overseas and the Total assets of this bank are 1.723 Trillion dollars. This Bank is owned by Government of People’s Republic of China and listed top in the Profitable Bank in the World.
5. China Construction Bank
This is the fourth largest bank in the world situated in the Beijing of China founded in 1954 also one of the most profitable bank in the world with profit of 19.92 billion. China Construction Bank has 311,222 employees in china and worldwide, the total asset of this bank is 1.64 Trillion Dollars. This Bank has 13,629 domestic branches and it maintains overseas branches in the cities of main some countries. China Construction Bank is second largest in the world by Market Capitalization.
6. Bank of Communications
Founded in 1908 and Headquartered in Shanghai in China, it employed over 79,000 staffs around china and worldwide. As one of the leading bank in china, have over 2,800 branches in major cities and overseas.
7. China CITIC Bank
This is the 7th largest Bank in China in the terms of total assets, founded in 1987 and main office situated in Beijing in China, It has over 13000 employees. The Bank has over 400 branches countrywide and relationship with 990 banks.
8. China Merchants Bank
This Bank is founded on 1987 and headquartered Shenzhen, Guangdong in China. It has over 40 branches and over 600 sub branches all over china. It operates its business through personal banking, personal savings, personal loans, investment banking, foreign exchange trading, gold trading and bank card services.
9. China Minsheng Banking Corp
China Minsheng Banking Corp founded in 1996, headquartered in Beijing in China. It has more than 200 outlets all over china and relationship with over 700 banks overseas. This Banks is listed in the Hong Kong Stock Exchange in 2009.
10. Shanghai Pudong Development Bank
The Net income of this bank is $418.75 million in 2006, It founded on 1993, headquartered in Shanghai in China. It had branches in main cities of China.