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China's Reserve Requirement Ratio for large banks. China's banking sector had CN¥417 trillion (US$58.54 trillion) in assets at the end of 2023. [1]The "Big Four" state-owned commercial banks are the Bank of China, the China Construction Bank, the Industrial and Commercial Bank of China, and the Agricultural Bank of China, all of which are among the largest banks in the world as of 2018.
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 ...
Rishengchang, the first draft bank in China Royal inscribed board, saying "Financial exchange all over the world", in Rishengchang, Pingyao. An early Chinese banking institution was called the draft bank or piaohao (票号) in Chinese, also known as Shanxi banks because they were owned primarily by Shanxi merchants.
In 1917, Tsuyee Pei opened the branch of the Bank of China in Hong Kong. [13] [14] In 1928, the bank moved its head office from Beijing to Shanghai. In 1920, the bank opened the Investigative Office of the Bank of China. [15] The Investigative Office was the earliest research body in China's banking sector. [15]
Between 1950 and 1978 the PBC was the only bank in the People's Republic of China and was responsible for both central banking and commercial banking operations. [7]: 225 All other banks within mainland China such as the Bank of China were either organized as divisions of the PBC [8] or were non-deposit taking agencies. [9] [10]: 449
Pages in category "Banking in China" The following 22 pages are in this category, out of 22 total. This list may not reflect recent changes. ...
The Industrial and Commercial Bank of China (ICBC; Chinese: 中国工商银行) is a Chinese partially state-owned multinational banking and financial services corporation headquartered in Beijing, China. It is the largest of the "big four" banks in China, and the largest bank in the world by total assets. [8]
China Banking Regulatory Commission (2003–2018), China Insurance Regulatory Commission (2003–2018), China Banking and Insurance Regulatory Commission (2018–2023), and Financial Stability and Development Committee (2017–2023) Hungarian Financial Supervisory Authority (2000–2013) Financial Regulator (Ireland) (2003–2010)