List of banks in China

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This is a list of banks in China , including Mainland China, Hong Kong, and Macau.

Contents

The central bank of the People's Republic of China is the People's Bank of China, a component of the State Council, the Central Government of China. The People's Bank of China is mainly responsible for issuing the Renminbi and administering its circulation, in addition to formulating and implementing monetary policy in accordance with Chinese law. [1] Its counterparts in the special administrative regions of Hong Kong and Macau are the Hong Kong Monetary Authority and the Monetary Authority of Macao respectively, both of which serve as their respective locale's currency board and de facto central bank.[ citation needed ]

Banks in Mainland China

All banks, save the People's Bank of China, are under the supervision of China Banking and Insurance Regulatory Commission.[ citation needed ]

Policy banks

China has three policy banks. Among them, China Development Bank was incorporated in December 2008 and officially defined by the State Council as a development finance institution in March 2015. [2]

NameChineseHeadquarters
Agricultural Development Bank of China 中国农业发展银行 Beijing
China Development Bank 国家开发银行 Beijing
Exim Bank of China 中国进出口银行 Beijing

State-owned Commercial Banks

China has six state-owned commercial banks. These banks are ranked by their Tier 1 capital amount[ clarification needed ] as of 2018.[ citation needed ] Banks with asterisks (*) are the four major state-owned banks (i.e. the "Big Four Banks").[ citation needed ]

Bank of Communications was founded in 1908. On 1 April 1987, it was restructured and re-commenced operations as the first state-owned bank in China.[ citation needed ]

Postal Savings Bank of China has the most outlets of any retail bank in China (~40,000). [3] Over 80% of its outlets accompany China Post post offices.[ citation needed ]

NameAbbreviationChineseAbbr. in ChineseHeadquarters
Industrial and Commercial Bank of China*ICBC中国工商银行工行 Beijing
China Construction Bank*CCB中国建设银行建行 Beijing
Bank of China*BOC中国银行中行 Beijing
Agricultural Bank of China*ABC中国农业银行农行 Beijing
Bank of Communications BoCom交通银行交行 Shanghai
Guangxi Rural Credit Union GXRCU广西农村信用社广西农信社 Nanning
Postal Savings Bank of China PSBC中国邮政储蓄银行邮储银行 Beijing

Commercial Banks

China has 12 national commercial banks. These banks are ordered by their Tier 1 capital amount as of 2018.[ citation needed ]

NameChineseHeadquarters
China Merchants Bank 招商银行 Shenzhen
Shanghai Pudong Development Bank 上海浦东发展银行 Shanghai
Industrial Bank 兴业银行 Fuzhou
China CITIC Bank 中信银行 Beijing
China Minsheng Bank 中国民生银行 Beijing
China Everbright Bank 中国光大银行 Beijing
Ping An Bank 平安银行 Shenzhen
Huaxia Bank 华夏银行 Beijing
China Guangfa Bank 广发银行 Guangzhou
China Zheshang Bank 浙商银行 Hangzhou
China Bohai Bank 渤海银行 Tianjin
Hengfeng Bank / Evergrowing Bank恒丰银行 Yantai

City Commercial Banks

City commercial banks were transferred from urban credit cooperatives established in 1980s and 1990s.[ citation needed ]

Rural Commercial Banks

Rural commercial banks were converted from rural credit cooperatives and play an important role in rural financial needs. Some rural commercial banks include Beijing Rural Commercial Bank, Shanghai Rural Commercial Bank, and Chongqing Rural Commercial Bank.[ citation needed ]

Internet Banks and other private banks

Other banks

Branches and subsidiaries of foreign banks

The China Banking Regulatory Commission (CBRC) announced its approval for nine foreign-funded banks to start their preparatory work for setting up local corporations in China on 24 December 2006. [11] [12] [13] [14] [15] Following this, additional banks have been able to incorporate locally.[ citation needed ]

The following is a non-exhaustive list. Asterisks (*) indicate that the bank does not service individuals.[ citation needed ]

Banks in the Special Administrative Regions

Hong Kong

The currency board and de facto[ citation needed ][ clarification needed ] central bank of Hong Kong is Hong Kong Monetary Authority.

Banknotes of the Hong Kong Dollar, the official currency of the HKSAR, is issued by Hong Kong Monetary Authority, Bank of China (Hong Kong), HSBC and Standard Chartered (Hong Kong).[ citation needed ]

Part of commercial banks in Hong Kong are listed below.

Macau

The currency board and de facto central bank of Macau is the Monetary Authority of Macao.[ citation needed ]

Banknotes of the Macau pataca, the official currency of the Macau SAR, is issued by Monetary Authority of Macao,[ citation needed ] Banco da China, Sucursal de Macau and Banco Nacional Ultramarino.[ citation needed ]

Some commercial banks in Macau are listed below:

See also

Notes

  1. Ownership is through a Variable Interest Entity (V.I.E.) structure, which was created in 2000, to circumvent Chinese restrictions on investment in certain industries. Buyers were actually purchasing shares in a Cayman Islands shell corporation, not in the Alibaba group, as China forbids foreign ownership of its companies. Direct investment in MYbank or Ant Financial is not possible as of June 2017. A future IPO offering for Ant Financial Services Group, which owns the subsidiary MYbank, is expected in both the domestic Chinese stock exchange and overseas exchanges. [4] [5] [6]

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<span class="mw-page-title-main">Macanese pataca</span> Currency of Macau

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<span class="mw-page-title-main">Banco Nacional Ultramarino</span>

Banco Nacional Ultramarino is a Macau banking and financial services corporation. It was a Portuguese bank with operations throughout the world, especially in Portugal's former overseas provinces. It ceased existence as an independent legal entity in Portugal following its merger in 2001 with Caixa Geral de Depósitos, the government-owned savings bank.

Industrial and Commercial Bank of China Limited is a Chinese multinational bank.

OCBC Bank Limited, formerly Wing Hang Bank Limited and OCBC Wing Hang Bank Limited, is a licensed bank with its head office in Hong Kong, where it is the eighth largest bank by total assets. Since end of July 2014, Wing Hang Bank has been a subsidiary of Oversea-Chinese Banking Corporation (OCBC) of Singapore. The acquisition of Wing Hang has given OCBC a network of about 70 branches spanning Hong Kong, Macau, and mainland China to add to OCBC's existing operations in Hong Kong and China.

<span class="mw-page-title-main">Bank of China (Hong Kong)</span> Intermediately Chinese state-owned bank in Hong Kong

Bank of China (Hong Kong) Limited (Chinese: 中國銀行(香港)有限公司), also known as its short name Bank of China (Hong Kong) or BOCHK (Chinese: 中銀香港), is a subsidiary of the Bank of China (via the Hong Kong-listed intermediate holding company BOC Hong Kong (Holdings)). Bank of China (Hong Kong) is the second-largest commercial banking group in Hong Kong in terms of assets and customer deposits (2008 data), with more than 190 branches across Hong Kong as of the end of 2019. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar.

<span class="mw-page-title-main">HSBC (Hong Kong)</span> HongkongBank, subsidiary of HSBC Group

The Hongkong and Shanghai Banking Corporation Limited, commonly known as HSBC and formerly known as HongkongBank, is the Hong Kong-based Asia-Pacific subsidiary of the HSBC banking group, for which it was the parent entity until 1991. The largest bank in Hong Kong, HSBC operates branches and offices throughout the Indo-Pacific region and in other countries around the world. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar.

JETCO, officially Joint Electronic Teller Services Limited is a network of automatic teller machines in Hong Kong and Macau.

<span class="mw-page-title-main">OCBC Bank</span> Singaporean multinational banking and financial services corporation

Oversea-Chinese Banking Corporation, Limited, abbreviated as OCBC, is a Singaporean multinational banking and financial services corporation headquartered in the OCBC Centre. OCBC was created in 1932 during the Great Depression with the consolidation of three predecessor banks, the Chinese Commercial Bank Limited, the Ho Hong Bank Limited, and the Oversea-Chinese Bank Limited.

<span class="mw-page-title-main">Bank of Communications</span> Bank in China

Bank of Communications Co., Ltd. (BOCOM), is the fifth-largest bank in mainland China.

<span class="mw-page-title-main">Metrobank (Philippines)</span> Bank in the Philippines

The Metropolitan Bank & Trust Company, commonly known as Metrobank, is the fourth largest bank in the Philippines. It offers various financial services, from regular banking to insurance. It is the commercial and retail banking arm of GT Capital Holdings Inc.

China Guangfa Bank is a commercial banking corporation headquartered in Guangzhou, People's Republic of China. The bank was established in September 1988 as Guangdong Development Bank ,. As CGB's largest shareholder, 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.

<span class="mw-page-title-main">Electronic Payment Services</span> Largest electronic payment system in Hong Kong, Macau and Shenzhen

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<span class="mw-page-title-main">China CITIC Bank</span> Chinese state-owned banking corporation

China CITIC Bank is China's seventh-largest lender in terms of total assets. It was known as CITIC Industrial Bank until it changed its name in August 2005. China CITIC Bank, established in 1987, is a nationally comprehensive and internationally oriented commercial bank. The bank operates in Hong Kong, Macau, New York, Los Angeles, Singapore and London, and maintains a strong foothold on the mainland banking industry. The bank operates 163 branches in the mainland, and 1,252 sub-branches, located in economically developed regions of China. In total, there are 1,415 branch offices in China, as of Q4 2021.

<span class="mw-page-title-main">China Minsheng Bank</span> Chinese banking institution

China Minsheng Bank is the first bank in China to be owned mostly by private sector enterprises. The bank was founded by Jing Shuping, a Chinese lawyer and businessman.

Keppel TatLee Bank was a Singapore-based financial services organisation formed through a merger of Keppel Bank and Tat Lee Bank on 26 December 1998. It was acquired by Oversea-Chinese Banking Corporation (OCBC) in August 2001 and was integrated into OCBC Bank in 2002.

Xiamen International Bank (XIB) was established in August 1985 as the first joint venture bank in China with capital of RMB 410.069 billion. Xiamen International Bank has now grown into a bank with good reputation in the world that covers Hong Kong, Macao and Mainland China.

<span class="mw-page-title-main">Deutsch-Asiatische Bank</span> German bank in China

Deutsch-Asiatische Bank (DAB) was a foreign bank in Asia, founded in 1889 in Shanghai. Its principal activity was trade financing, but together with English and French banks, it also played a role in the underwriting of bonds for the Chinese government and in the financing of railway construction in China.

<span class="mw-page-title-main">United Overseas Bank</span> Singaporean multinational banking firm

United Overseas Bank Limited, often known as UOB, is a Singaporean multinational bank headquartered at Raffles Place, Singapore, with branches mostly found in Southeast Asia countries. It is one of the three "big local banks" in the country, the other two being DBS Bank and OCBC Bank.

References

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