Central Bank of China


Peoples Bank Of China Logo

is the central bank of the People’s Republic of China with the power to control monetary policy and regulate financial institutions in mainland China. The People’s Bank of China has more financial assets than any single public institution, and is second only to the Federal Reserve System of the United States in terms of overall central bank assets.

– Established on December 1, 1948, based on the consolidation of the Huabei Bank, the Beihai Bank and the Xibei Farmer Bank.

– Headquarters was first located in Shijiazhuang, Hebei, and then moved to Beijing in 1949

State-owned commercial banks

(The Big Four)

Industrial and Commercial Bank of China (ICBC)

Category 10 9697361bd81c04fb4ea891d63104a5a3The Industrial & Commercial Bank of China (ICBC) is the largest bank in China by total assets, total employees and total customers. ICBC differentiates itself from the other State Owned Commercial Banks by being second in foreign exchange business and 1st in RMB clearing business. It used to be the major supplier of funds to China’s urban areas and manufacturing sector.

Bank of China (BOC)

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The Bank of China (BOC) specializes in foreign-exchange transactions and trade finance. In 2002, BOC Hong Kong (Holdings) was successfully listed on the Hong Kong Stock Exchange. The USD2.8 billion offering was over-subscribed by 7.5 times. The deal was a significant move in the reform of China’s banking industry.

China Construction Bank (CCB)

China Construction Bank LogoThe China Construction Bank (CCB) specializes in medium to long-term credit for long term specialized projects, such as infrastructure projects and urban housing development.

Agricultural Bank of China (ABC)

Category 9 3b922393a3cb462762ff5dd2bec1b20fThe Agriculture Bank of China (ABC) specializes in providing financing to China’s agricultural sector and offers wholesale and retail banking services to farmers, township and village enterprises (TVEs) and other rural institutions.

Policy Banks

These banks are responsible for financing economic and trade development and state-invested projects.

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A Chinese Policy Bank under the People’s Central Bank of China (PBOC), responsible for funding projects related to China’s economic growth.


As one of three policy banks of the PRC, it is primarily responsible for raising funding for large infrastructure projects, including most of the funding for the Three Gorges Dam and Shanghai Pudong International Airport. Established by the Policy Banks Law of 1994, the bank is described as the engine that powers the national government’s economic development policies.

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One of three institutional banks in China chartered to implement the state policies in industry, foreign trade, diplomacy, economy, and provide policy financial support so as to promote the export of Chinese products and services.

3 of China's state-owned bank are top 4 largest in the world in terms of total assets....

Second Tier Commercial Banks


China Citic Bank Logo

China’s seventh-largest lender in terms of total assets, it is formerly known as CITIC Industrial Bank, changing to its current name in August 2005. China CITIC Bank, established in 1987, is a nationally comprehensive and internationally oriented commercial bank. The bank currently operates in almost 130 countries, whilst still maintaining a strong foothold on the mainland banking industry. The bank currently operates 78 branches within the mainland, along with 622 sub-branches, located within economically developed regions of China. In total, there are 773 branch offices in China, as of Q4 2011. China CITIC Bank is a wholly owned subsidiary of China International Trust and Investment Corporation (CITIC), with assets of USD474.73 billion.

– On July 2002, the bank improved its international standing by ranking 291st on the “Top 1000 World Banks” list released by The Banker magazine of the United Kingdom, ranking within the top 300 for the first time.

– November 2006, the bank welcomed its first major foreign investment, when BBVA, the second largest bank in Spain, became a major shareholder.

–  On 27 April 2007, China CITIC Bank was successfully listed on both the Hong Kong and Shanghai stock exchanges respectively.

– Ranked the 185th among the top 500 enterprises by market value in 2010 by the Financial Times.

China Everbright Bank Logo

Established in August 1992, China Everbright Bank is headquartered in Beijing and is a financial institution that is founded under the approval of the State Council and the People’s Bank of China. By the end of 2008, the Bank’s total assets reached RMB843 billion, with total loans of RMB468.9 billion. The total liabilities stood at RMB809.7 billion, with corporate and savings deposits of RMB619.1 billion. The capital adequacy ratio is above 9.31% and the operating profit and net profit are RMB7.96 billion and RMB7.36 billion respectively.

– Parented by China Everbright Group, a state-owned enterprise operated under the supervision of the State Council of the People’s Republic of China.

–  China Everbright Limited was listed on the Hong Kong Stock Exchange in 1997.


Founded in 1992, Hua Xia Bank is a publicly traded bank in the People’s Republic of China, based in Beijing. Germany’s Deutsche Bank holds 19.99% of the bank’s shares as of 2011. As of end of June 2012, Hua Xia Bank has in place a “hub-and-spoke” network of 33 tier-1 branches, 23 tier-2 branches, 12 cross-city sub-branches and 437 outlets in 68 major cities, and a settlement network of more than 1000 correspondent banks located in 320 cities across 110 countries and regions covering major global trade zones.


China Minsheng Bank, founded on January 12, 1996, in Beijing, is the first bank in China to be owned mostly by non-government enterprises. The bank was founded by Jing Shuping, a Chinese lawyer and businessman who became prominent in the People’s Republic of China after the nation’s founding in 1949. Minsheng Bank is well known for focusing on making loans to small-medium enterprise. It has over two hundred banking outlets throughout China and relationships with more than seven hundred banks overseas. The bank was publicly listed on the Hong Kong Stock Exchange in 2009.

– Revenue of $5.99 Billion US Dollars in 2012

– Mainly owned by private sector corporations in China

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China Guangfa Bank (CGB) is a commercial banking corporation headquartered in Guangzhou, People’s Republic of China. It was established in September 1988 as Guangdong Development Bank. As CGB’s largest share holder, Citigroup has a 20% stake, while IBM holds 4.74%. China Life and State Grid each owns 20%, CITIC Trust, 12.85% and Puhua will hold the remaining 8% of the equity sold. CGB offers a broad range of financial services including personal and corporate banking, asset management, wealth management,broker-dealer and advisory services, issuance services, and treasury services. It has more than 500 branches in mainland China, Hong Kong and Macau.

Based in the Guangdong province bordering Hong Kong, GDB has assets of $47.9 billion, 12 million consumer customers, 9 million bank cardholders, 16,000 small and medium-sized business customers and 12,474 employees.

– previous logo 270px Guangdong Development Bank Logo


Shenzhen Development Bank Co. was a bank based in Shenzhen, Guangdong, People’s Republic of China, listed on the Shenzhen Stock Exchange. In 2012, the bank merged with Ping An Bank.

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Ping An Bank is a joint-stock commercial bank with its headquarters in Shenzhen. It primarily operates in Shenzhen, Shanghai and Fuzhou. As a subsidiary of Ping An Insurance (Group) Company of China, Ltd. , the bank is one of the three main pillars of Ping An Group: insurance, banking and asset management. Originally called Shenzhen Development Bank, it was bought over by Ping An Insurance Company along with Fu Jian Asia Bank and merged.

– total assets of 1,636 billion RMB

– Ping An Insurance Group is the current major shareholder at 59% stake


Established on 8th April 1987, China Merchants Bank (CMN) is the first privately owned commercial bank of China. Started by Hong Kong Merchants Group, it is the 6th largest Bank of China and very prominent in the financial industry of Hong Kong. Based in Shen Zhen, the major shareholder is the China Merchants Group. On 9th April 2002, it was successfully listed on Shanghai Stock Exchange. The following September, it was successfully listed on Hong Kong Stock Exchange after releasing 2.2 billion (H) shares.

– In 2011, 36 .13 billion RMB in profit

– In 2011, 96.66 billion RMB in revenue

– as of June 2012, total assets of 3322.7 billion RMB

– Worth of stocks held , 181.3 billion RMB

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Shanghai Pudong Development Bank Co. Ltd (SPDB), incorporated on January 9, 1993 with the approval of the People’s Bank of China (August 28, 1992), is a joint-stock commercial bank with its headquarters located in Shanghai. Shanghai Pudong Development Bank issued a 400 million A-share offer on September 23, 1993 on the Shanghai Stock Exchange. It became the first shareholding commercial bank to list with both Central Bank and China Securities Regulatory Commission’s approval since the enactment of “Commercial Bank Law” and “Securities Law”. Thus, the registered capital reached RMB 2.41 billion. 320 million shares of the issue were listed on the Shanghai Stock Exchange on November 10, 1999.

The purpose of SPDB is to provide financial services for the development of Pudong, building Shanghai into one of the great international financial hubs, and to contribute to the national economic development and social progress

– As of 2004, total assets reached RMB 455.53 billion

– after-tax profits RMB 1830 million

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One of the first batch of joint-stock commercial banks approved by the State Council and the People’s Bank of China. On February 5, 2007, Industrial Bank was listed on Shanghai Stock Exchange (Stock Code: 601166) with total registered capital of RMB10.786 billion.

– Formerly known as Fujian Industrial Bank

– As of March 2012, total assets reached RMB 2,629,398 million, shareholders’ equity amounted to RMB123,957 million, net profit for the first quarter was RMB8,288 million, and NPL ratio was 0.40%.

– According to the Top 1000 World Banks released by the British Magazine The Banker in 2011, the Bank was ranked 75th in terms of total assets and 83rd in terms of tier 1 capital.

–  The Bank has opened 79 branches and 662 sub-branches in major cities

– The Bank has a wholly owned subsidiary, Industrial Financial Leasing Co., Ltd., and has acquired a controlling stake in Union Trust Co., Ltd

– As at the end of March, 2012, the Bank`s top ten shareholders were as follows: Finance Bureau of Fujian Province, Hang Seng Bank Limited, Tetrad Ventures Pte Ltd, Fujian Tobacco Haisheng Investment Management Co., Ltd., COFCO Limited, Longyan Municipal Finance Bureau of Fujian Province, China Tobacco Hunan Industrial Co., Ltd., Inner-Mongolia Xishui Venture Co., Ltd., China Electronics Corporation, and China Life Insurance Co., Ltd. – dividends – personal dividend-005L-FH002Shanghai.

Trust and Investment Corporations

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Stock Exchanges




The Shanghai Stock Exchange (SSE) is a stock exchange based in the city of Shanghai, China. It is one of the two stock exchanges operating independently in the People’s Republic of China, the other is the Shenzhen Stock Exchange. Shanghai Stock Exchange is the world’s 3rd largest stock market by market capitalization at US$5.5 trillion as of May 2015. Unlike the Hong Kong Stock Exchange, the Shanghai Stock Exchange is still not entirely open to foreign investors due to tight capital account controls exercised by the Chinese mainland authorities.

The current exchange was re-established on November 26, 1990 and was in operation on December 19 of the same year. It is a non-profit organization directly administered by the China Securities Regulatory Commission (CSRC).

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One of Mainland China’s 2 stock exchanges, it is based in Shenzhen, Guangdong and was opened on 3rd July 1991.The market capitalization of its listed companies was about US$ 2.2 trillion in 2015.

– Many of the companies within this market are subsidiaries of companies in which the Chinese government maintains controlling interest.

– The exchange opened the ChiNext (创业板) board, a NASDAQ-type exchange for high-growth, high-tech start-ups, on October 23, 2009.