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List of banks in China

From Wikipedia, the free encyclopedia

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]

Banks in Mainland China[edit]

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

Policy banks[edit]

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

State-owned Commercial Banks[edit]

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).

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
Postal Savings Bank of China PSBC 中国邮政储蓄银行 邮储银行 Beijing

Commercial Banks[edit]

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

Urban Commercial Banks[edit]

Urban Commercial Banks were transferred from urban credit cooperatives established in 1980s and 1990s.[citation needed]

Rural Commercial Banks[edit]

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[edit]

Other banks[edit]

Branches and subsidiaries of foreign banks[edit]

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[edit]

Hong Kong[edit]

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:

See also[edit]


  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]


  1. ^ "Purposes and Functions". People's Bank of China. Archived from the original on 2019-02-12. Retrieved 2019-02-12.
  2. ^ "About CDB". China Development Bank. Archived from the original on 2019-02-13. Retrieved 2019-02-12.
  3. ^ "About Post Savings Bank of China". Post Savings Bank of China. 2016-03-24. Archived from the original on 2019-02-12. Retrieved 2019-02-12.
  4. ^ Solomon, Steven Davidoff (6 May 2014). "Alibaba Investors Will Buy a Risky Corporate Structure". New York Times (Dealbook blog). Archived from the original on 12 October 2017. Retrieved 12 Jun 2017.
  5. ^ Wu, Kane (26 Apr 2016). "5 Things to Know About China's Ant Financial". Wall Street Journal. Archived from the original on 26 April 2016. Retrieved 12 June 2017.
  6. ^ Dou, Eva; Carew, Rick (4 January 2016). "Alibaba Affiliate Ant Financial Begins Second Round of Financing: Major Force in China's Electronic-Finance Sector Takes Another Step Toward a Public Listing". Wall Street Journal. Archived from the original on 29 June 2017. Retrieved 12 June 2017.
  7. ^ "About KLB". Bank of Kunlun. Archived from the original on 2018-07-20. Retrieved 2018-07-25.
  8. ^ Hoi Shan Chan (4 February 2018). "Chinese Central Bank Fines Bank of Lanzhou for Breach of Settlement Rules". S&P Global. Archived from the original on 2021-02-02. Retrieved 2021-01-28.
  9. ^ "Bank of Lanzhou". CB Insights. Archived from the original on 2021-02-01. Retrieved 2021-01-28.
  10. ^ "Gānsù yínháng (2139.HK) IPO diǎnpíng: Gǎnggǔ 2018 yínháng IPO dì yī gǔ, qūyù lǐngxiān de guóyǒu chéng shāngháng" 甘肃银行(2139.HK)IPO点评:港股2018银行IPO第一股,区域领先的国有城商行. Zhōng jīn zàixiàn xiānggǎng 中金在线香港 (in Chinese). 2018-01-03. Archived from the original on 5 January 2018.
  11. ^ "The CBRC Gives Nod to Nine Foreign Banks on Preparing Local Incorporation". China Banking Regulatory Commission. Archived from the original on 2007-10-07.
  12. ^ "KU, Highland College Sponsor Business Seminar". financialrealtime.com. Archived from the original on 2007-09-27."China Approves Local Registration of 9 Foreign-Funded Banks". Ningbo Foreign Trade & Economic Cooperation Bureau. Xinhua. Archived from the original on 2007-09-29.
  13. ^ "Jiǔ jiā wàizī yínháng shǒu pī huòzhǔn gǎizhì" 九家外資銀行首批獲准改制. Wen Wei Po 文匯報 (in Chinese). 2006-12-26. Archived from the original on 2009-03-22. Retrieved 2007-05-22.
  14. ^ Li, Junling 李峻岭; Xu, Haihui 徐海慧 (2006-12-26). "Wàizī fǎrén yínháng luòhù Shànghǎi tūxiǎn jīnróng zhōngxīn jíjù xiàoyìng" 外资法人银行落户 上海凸显金融中心集聚效应. Xīnhuá wǎng 新华网 (in Chinese). Archived from the original on 2009-03-22. Retrieved 2007-05-22.
  15. ^ "9 jiā wàizī yínháng shuàixiān huòzhǔn gǎizhì chóujiàn fǎrén yínháng" 9家外资银行率先获准改制筹建法人银行. Xīnhuá wǎng 新华网 (in Chinese). 2006-12-24. Archived from the original on 2007-06-06. Retrieved 2007-05-22.

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