List of banks in China

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This is a list of banks in China, including mainland China, Hong Kong, and Macau[neutrality is disputed].

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

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|

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

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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

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|
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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

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|

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

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This list is incomplete; you can help by adding missing items. (June 2021)

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

* Bank of Jiujiang
* Bank of Beijing
* Bank of Shanghai
* Bank of Jiangsu
* Bank of Liuzhou
* Bank of Ningbo
* Bank of Dalian
* Bank of Taizhou
* Bank of Tianjin
* Guilin Bank
* Xiamen International Bank
* Tai'an Bank
* Shengjing Bank (Shenyang)
* Harbin Bank
* Bank of Jilin
* Zhongyuan Bank

### Rural Commercial Banks

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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

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This list is incomplete; you can help by adding missing items. (January 2021)

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* WeBank (China) (Shenzhen) – The first private bank and Internet bank in China, initiated by Tencent.
* MYbank (Hangzhou)[a] – Internet bank in China, established by Ant Financial Services Group
* Shanghai Huarui Bank
* Wenzhou Minshang Bank
* Liaoning Zhenxing Bank

### Other banks

[edit]

This list is incomplete; you can help by adding missing items. (January 2021)

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* Bank of Kunlun (昆仑银行)[7]
* SiliBank (实利银行)
* Bank of Lanzhou[8][9]
* Bank of Gansu[10]

### Branches and subsidiaries of foreign banks

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The China 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]

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

## Banks in the Special Administrative Regions

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### Hong Kong

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Main article: List of banks in Hong Kong

The currency board and de facto[citation needed][clarification needed] central bank of Hong Kong is Hong Kong Monetary Authority.

It has been suggested that this section be merged into List of banks in Hong Kong. (Discuss) Proposed since June 2025.

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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 Bank (Hong Kong).[citation needed]

Part of commercial banks in Hong Kong are listed below.

* Bank of China (Hong Kong) Limited
* Bank of East Asia Limited
* China Construction Bank (Asia) Corporation Limited
* Chiyu Banking Corporation Limited
* Chong Hing Bank Limited
* Citibank (Hong Kong) Limited
* CITIC Ka Wah Bank Limited
* Columbia Bank Limited
* Dah Sing Bank Limited
* DBS Bank (Hong Kong) Limited
* East Asia Banking Corporation Limited
* Fubon Bank (Hong Kong) Limited
* Hongkong and Shanghai Banking Corporation Limited
* Industrial and Commercial Bank of China (Asia) Limited
* MEVAS Bank Limited
* Nanyang Commercial Bank Limited
* OCBC Wing Hang Bank Limited (Banco OCBC Weng Hang, S.A.)
* Public Bank (Hong Kong) Limited
* Shanghai Commercial Bank Ltd.
* Standard Bank Asia Limited
* Standard Chartered Bank (Hong Kong) Limited
* Tai Sang Bank Ltd.
* Tai Yau Bank Ltd.
* Wing Lung Bank Limited
* Bank of East West China

### Macau

[edit]

Main article: List of banks in Macau

The currency board and de facto central bank of Macau is the Monetary Authority of Macao.[citation needed]

It has been suggested that this section be merged into List of banks in Macau. (Discuss) Proposed since June 2025.

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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:

* OCBC Wing Hang Bank Limited – Banco Weng Hang, S.A.
* Banco Delta Asia Limited – Banco Delta Ásia, S.A.R.L.
* China Construction Bank (Macau) Corporation Limited – Banco de Construção da China (Macau), S.A.
* Industrial and Commercial Bank of China (Macau) – Banco Industrial e Comercial da China (Macau), S.A.
* Luso International Banking Limited – Banco Luso Internacional, S.A.
* Banco Comercial de Macau, S.A. – Banco Comercial Português, S.A.
* The Macau Chinese Bank Ltd. – Banco Chinês de Macau, S.A.
* Banco Nacional Ultramarino, S.A. – Banco Nacional Ultramarino, S.A.
* Well Link Bank, S.A. – Well Link Bank, S.A.

## See also

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* List of banks
* List of companies in China
* List of financial regulatory authorities by country
* Belt and Road Initiative
* People's Bank of China – the central bank of China
* Cross-Border Inter-Bank Payments System

## Notes

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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]

## References

[edit]

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.

## External links

[edit]

* "Microbanking in China" by Wang Kejin[permanent dead link] (APEC 2002 report)

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