China is an East Asian country. China’s official name is the people’s Republic of China (PRC) and its capital city is Beijing. It is one of the largest Asian countries also the third or fourth-largest in the world. It has a huge population. In terms of population, China is the biggest populous country in the world. Its population around 1.4 billion. China has also a one-fourteenth land area in the world. China’s bordered country is India, Russia, Pakistan, Nepal, Bhutan, Myanmar, Laos, Vietnam, North Korea, Mongolia, Kyrgyzstan and Kazakhstan. While China is a more or less industrial country but Shanghai is called the main biggest Industrial City in China. Hong kong is the main Commercial center and seaport. China’s official language is Mandarin but other languages are available like Shanghainese, Cantonese, Minnan, Mindong etc.

China’s economy is very strong in the world. Its currency name is the Chinese Renminbi (RMB). Bank of China is the Central bank of the Peoples Republic of China. Bank of China was established in 1912. It is the oldest bank in China. Bank of China is responsible for monetary policy and regulating authority. China’s central bank holds the largest amount in the world. Presently, the Bank of China holds 3.21 trillion dollars and it is the world’s biggest amount. In this post, you will get all links and information about banks in China.

There are different types of Chinese banks and these are as follows:

• Commercial Banks
• Foreign Banks
• Specific lending purpose banks
• Specialized banks

Specialized banks are Bank of China, Industrial and Commercial bank of China, Agricultural Bank of China.
Specific lending purpose banks are China Development Bank and the Agricultural Development Bank of China

Read Also: List of Banks in India

Central Bank of the People’s Republic of China

Headquarters:    Beijing and Shanghai
Established:       1 December 1948
Ownership:        100% the People’s Republic of China State Council
Governor:           Yi Gang
Central bank:     The People’s Republic of China
Currency:           Renminbi (RMB)
Reserves:           US$3.21 trillion
Bank rate:          4.3%
Website:            www.pbc.gov.cn

All Lists of Banks of China

State-Owned Commercial Bank

There are six state-owned commercial banks in China as the table below

There are 12 nationwide integrated commercial banks in China as the chart below.

City and Regional Commercial bank

Urban commercial banks and regional commercial banks were transferred from urban credit cooperatives established in the 1980s and 1990s.

• Bank of Beijing
• Bank of Shanghai
• Bank of Jiangsu
• Bank of Ningbo
• Bank of Dalian
• Bank of Taizhou
• Bank of Tianjin
• Xiamen International Bank
• Tai’an Bank
• Shengjing Bank (Shenyang)
• Harbin Bank
• Bank of Jilin

Foreign Bank and It’s Branches and Subsidiaries

• ABN AMRO (Netherlands) (now RBS China due to de-merging)
• Australia and New Zealand Banking Group
• Citibank (United States)
• DBS Bank (Singapore)
• Hang Seng Bank (Hong Kong)
• JPMorgan Chase Bank (United States)
• Mizuho Corporate Bank (Japan)
• Dah Sing Bank (Hong Kong)
• Woori Bank (South Korea)
• Shinhan Bank (South Korea)
• Hana Bank (South Korea)
• Societe Generale (France)
• Bank of Montreal (Canada)
• Fubon Bank (Taiwan)
• Australia and New Zealand Bank
• Banco Santander
• Bank of America Merrill Lynch
• Bank of Montreal (Canada)
• Scotiabank (Canada)
• Bank of New York Mellon
• Bank Mandiri
• Barclays Bank
• BBVA Bank
• BNP Paribas
• Citibank China
• Commonwealth Bank of Australia
• Commerzbank
• Crédit Agricole
• Credit Suisse
• Dah Sing Bank
• DBS Bank
• Deutsche Bank
• ING Bank
• Intesa Sanpaolo
• JPMorgan Chase Bank
• KASIKORNBANK (开泰银行)
• KBC Bank
• Mizuho Corporate Bank
• National Australia Bank
• Norddeutsche Landes Bank
• OCBC Wing Hang Bank (Hong Kong)
• Oversea-Chinese Banking Corporation (Singapore)
• Rabobank
• Raiffeisen Bank International
• SPD Silicon Valley Bank
• The Bank of East Asia (Hong Kong)
• The Bank of Tokyo-Mitsubishi UFJ (Japan)
• The Hongkong and Shanghai Banking Corporation
• Standard Chartered Bank (United Kingdom)
• UBS
• United Overseas Bank
• United Overseas Bank (Singapore)
• VTB Bank
• Wells Fargo Bank
• Westpac Bank

For those who consider a career in the banking sector in China, this is the top banks’ list in China is very helpful to start his/her career. To get more information, you may visit our list of financial institutions in China.

Industrial and Commercial Bank of China (ICBC) The bank was established in 1984 and its headquarters is located in Beijing. ICBC bank has approximately 465000 employees. The bank operates 16780 local financial organizations and the bank also operates 412 institutions in foreign countries. ICBC bank serves personal banking, corporate banking and treasury operations departments. It also serves internationally and as a commercial bank, it provides several banking products and services.

Agriculture Bank of China (ABC) The bank was established in 1951 and it is one of the biggest banks in China. Agriculture Bank of China operates agricultural, commercial, personal, industrial and transportation banking, corporate banking and treasury operations departments. The bank offers retail banking products and corporate banking services through 500,000 employees. The bank has 23685 branches in China, three overseas representative offices and ten foreign branches.

Bank of China (BOC) It is the state-owned commercial banks in China. The bank provides business banking, personal banking, investment banking, insurance services, corporate and financial banking services to its customers. The bank is one of the oldest commercial banks in China. Bank of China was established in 1912 and its headquarters is in the capital city of Beijing. There are approximately 308,000 employees are serving the bank currently.

China Construction Bank (CCB) The bank was establishes in 1954 and its headquarters is located in the capital city of Beijing. China Construction Bank controls approximately 14960 local organizations and 30 foreign institutions in several countries. The bank serves personal banking, corporate banking and treasury business.

Industrial Bank Co Ltd The bank was established in 1988 and its headquarters is located in Fuzhou. Industrial Bank Co Ltd provides corporate banking, personal banking and organizational banking for its customers. There are approximately 56000 employees are serving the customers through 126 branches across the country.

Postal Savings Bank of China (PSBC) Beijing based Postal Savings banks were established in 2007. PSBC provides retails and corporate services and several banking products for its customers. There are approximately 170,000 employees are serving its customers.

China Merchant Bank Shenzhen based China Merchant Bank was established in 1987. The bank offers several types of banking like retail, wholesale banking, finance and business and other banking businesses. The bank serving through 136 branches and 1675 sub-branches for its customers. There are 10,000 employees are serving across the country.

These are the best and selected banks in China. You can visit the site to gather more information. All links and official information are included herewith.