Industrial and Commercial Bank of China

Industrial and Commercial Bank of China Limited (ICBC; Chinese: 中国工商银行; pinyin: Zhōngguó Gōngshāng Yínháng) is the largest bank in the world by profit and market capitalization.[1] It is one of China's 'Big Four' state-owned commercial banks. The other three banks are Bank of China, Agricultural Bank of China, and China Construction Bank. It was founded on January 1, 1984. At first it was a private company. It had assets of RMB 12.55 trillion (US$1.9 trillion). It also had over 18,000 outlets including 106 overseas branches and agents globally.[2] In 2013, it was ranked number 1[3] on Forbes Global 2000 list of world's biggest public companies.[4]

Industrial and Commercial Bank of China Limited
Native name
中国工商银行
Zhōngguó Gōngshāng Yínháng[5]
Public
State-owned
Traded as
ISINCNE1000003G1
IndustryFinancial services
Founded1984; 40 years ago (1984)
Headquarters
Beijing
,
China
Key people
Chen Siqing (Chairman)[6][7]
Gu Shu (CEO)[8]
ProductsFinance and insurance, consumer banking, corporate banking, investment banking, investment management, global wealth management, private equity, mortgage loans, credit cards
RevenueIncrease CN¥725.12 billion
$105.4 billion (2018)[9][10]
Websiteicbc.com.cn

Industrial And Commercial Bank Of China Media

References

  1. ICBC tops Citigroup as world's biggest bank. 24 July 2007. http://www.chinadaily.com.cn/china/2007-07/24/content_5442270.htm. 
  2. China's biggest bank goes to market, Financial Times
  3. "ICBC". Forbes. https://www.forbes.com/companies/icbc/. Retrieved April 19, 2013. 
  4. "The World's Biggest Public Companies". Forbes. https://www.forbes.com/global2000/. Retrieved June 6, 2011. 
  5. Chinese language version and transliteration here does not include the word "Limited", as shown within the introduction; c.f. (foot of p.207) "..ICBC's legal status was changed..its new name changed to ICBC Limited...", in, Franklin Allen, Darien Huang, Jun 'QJ' Qian, Mengxin Zhao (2012) — p.207[dead link] of (Masahiko Aoki, Jinglian Wu; editors) — The Chinese Economy: A New Transition[dead link], published by Palgrave Macmillan 19 October 2012 ISBN 1137034300, ISBN 9781137034304 – accessdate 2020-02-08 ("limited" sourced originally from within ICBC Business Review, published by ICBC, – accessed 2020-02-06)
  6. "MOVES-China picks BoC boss Chen Siqing to head top bank ICBC – sources" (in en). Reuters. 22 April 2019. https://www.reuters.com/article/china-icbc-chairman-idUSL3N22411E. Retrieved 24 July 2020. 
  7. Si Qing Chen, 58 Chairman, Industrial & Commercial Bank of China Ltd., published by the Wall Street Journal – accessed 7 February 2020
  8. #1 ICBC, published by Forbes, &, Board of Directors, published by ICBC – accessed 7 February 2020
  9. "Annual Report 2018" (PDF). Industrial and Commercial Bank of China. Archived from the original (PDF) on 2 June 2019. Retrieved 31 May 2019.
  10. "ICBC Annual Report 2016" (PDF). ICBC. Archived (PDF) from the original on 1 December 2017. Retrieved 28 November 2017.

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