List of banks in China

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

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. 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.

Banks in Mainland China

All banks, save the People's Bank of China, are under the supervision of China Banking and Insurance Regulatory Commission.

Policy banks

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.

State-owned Commercial Banks

China has six state-owned commercial banks. These banks are ranked by their Tier 1 capital amount as of 2018. 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.

Postal Savings Bank of China has the most outlets of any retail bank in China (~40,000). Over 80% of its outlets accompany China Post post offices.

Commercial banks

China has 12 national commercial banks. These banks are ordered by their Tier 1 capital amount as of 2018.

Urban commercial banks

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

• 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

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.

Internet Banks and other private banks

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

Other banks

• Bank of Kunlun (昆仑银行)
• SiliBank (实利银行)
• Bank of Lanzhou
• Bank of Gansu

Branches and subsidiaries of foreign banks

The China Banking Regulatory Commission (CBRC) announced its approval for nine foreign-funded banks to start their preparatory work for setting up local corporations in China on 24 December 2006. Following this, additional banks have been able to incorporate locally.

The following is a non-exhaustive list. Asterisks (*) indicate that the bank does not service individuals.

• 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)
• 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

Hong Kong

The currency board and de facto central bank of Hong Kong is Hong Kong Monetary Authority.

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).

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

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

Banknotes of the Macau pataca, the official currency of the Macau SAR, is issued by Monetary Authority of Macao, Banco da China, Sucursal de Macau and Banco Nacional Ultramarino.

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

• 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

References

External links

• "Microbanking in China" by Wang Kejin (APEC 2002 report)