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This is alist of banks inChina,including mainland China,Hong Kong, and Macau[neutrality isdisputed].
The central bank of thePeople's Republic of China is thePeople'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 theRenminbi 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 ofHong Kong andMacau are theHong Kong Monetary Authority and theMonetary Authority of Macao respectively, both of which serve as their respective locale'scurrency board and de factocentral bank.[citation needed]
All banks, save the People's Bank of China, are under the supervision ofChina Banking and Insurance Regulatory Commission.[citation needed]
China has threepolicy banks. Among them,China Development Bank was incorporated in December 2008 and officially defined by the State Council as adevelopment 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).
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 |
China has 12 nationalcommercial 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 |
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Urban 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]
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TheChina Banking Regulatory Commission (CBRC) announced its approval for nine foreign-funded banks (marked with the "#" sign below) 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]
Thecurrency board andde facto[citation needed][clarification needed]central bank of Hong Kong isHong Kong Monetary Authority. Banknotes of theHong Kong Dollar, the official currency of the HKSAR, is issued byHong Kong Monetary Authority,Bank of China (Hong Kong),HSBC andStandard Chartered Bank (Hong Kong).[citation needed]
Part of commercial banks in Hong Kong are listed below.
Thecurrency board and de factocentral bank of Macau is theMonetary Authority of Macao.[citation needed]
Banknotes of theMacau pataca, the official currency of the Macau SAR, is issued byMonetary Authority of Macao,[citation needed]Banco da China, Sucursal de Macau andBanco Nacional Ultramarino.[citation needed]
Some commercial banks in Macau are listed below:
| Central bank | |
|---|---|
| Policy bank | |
| State Council commercial | |
| Nationwide commercial | |
| Urban commercial | |
| Regulatory agency | |
