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This is a list of banks in China , including Mainland China, Hong Kong, and Macau.
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 ]
All banks, save the People's Bank of China, are under the supervision of China Banking and Insurance Regulatory Commission.[ citation needed ]
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]
Name | Chinese | Headquarters |
---|---|---|
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 |
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 ]
Name | Abbreviation | Chinese | Abbr. in Chinese | Headquarters |
---|---|---|---|---|
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 |
China has 12 national commercial banks. These banks are ordered by their Tier 1 capital amount as of 2018.[ citation needed ]
Name | Chinese | Headquarters |
---|---|---|
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 were transferred from urban credit cooperatives established in 1980s and 1990s.[ citation needed ]
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 ]
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 ]
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.
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:
The Bank of China is a Chinese majority state-owned commercial bank headquartered in Beijing and the tenth largest bank in the world.
The Macanese pataca or Macau pataca is the currency of the Macao Special Administrative Region of the People's Republic of China. It is subdivided into 100 avos, with 10 avos called ho (毫) in Cantonese.
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.
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.
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.
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.
Bank of Communications Co., Ltd. (BOCOM), is the fifth-largest bank in mainland China.
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.
Electronic Payment Services, commonly known as EPS, is an electronic payment system based in Hong Kong, Macau, and with limited acceptance in Shenzhen since it began operations in 1985. The service is provided by EPS Company Limited with currently over 30,000 acceptance locations.
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.
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.
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.
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.