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Chinese Banks: growing globally.

Chinese banks are already huge. Their total assets now surpass those of American and European banks. They are also providing more cross-border credit, the bread and butter of international banks. The sum they lend overseas has grown by 11% a year since 2016. More surprising to outsiders, they are gaining clout in the sophisticated universe of capital markets, too. Last year Chinese banks earned three times more investment-banking fees than all Asian rivals combined (excluding Japan).

 

 

Chinese banks have long been absorbed by their home market, where they have a 98% share, however in recent years Banks have followed their corporate clients, themselves inclined to grow beyond their saturated home market. They finance trade, take local deposits from local subsidiaries and serve their mundane needs, like cash management or foreign exchange.

 

 

They also fund Chinese-built infrastructure in emerging markets. Thanks to huge balance-sheets and inside knowledge of contractors’ history, they often outcompete foreign peers. The Big Four (Bank of China, Industrial and Commercial Bank of China (ICBC), China Construction Bank and Agricultural Bank of China) now have a total of 618 branches outside the mainland. Foreign assets account for 9% of their books. Their footprint differs from that of Western peers: Chinese banks supply two-thirds of all cross-border lending within emerging markets. The Belt and Road Initiative (BRI) has been a huge catalyst for them. Chinese banks have lent nearly $600bn to 820 official BRI projects since 2013, reckons RWR, a consultancy. Unofficial sums are probably bigger.

 

 

Last year regulators cleared the way for full foreign takeovers of local banks. They then allowed outsiders to control wealth-management firms, pension-fund managers and brokers. In April foreign-ownership caps were also removed on securities firms. The world’s A-team of money managers is teaming up with locals or seeding subsidiaries in the hope of grabbing a slice of China’s $45trn financial-services market.

 

 

 

 

Banks of Mainland China

Policy Banks:

Agricultural Development Bank of China

中国农业发展银行

 

China Development Bank

国家开发银行

 

Exim Bank of China

中国进出口银行

 

Asian Infrastructure Investment Bank*     亚洲基础设施投资银行

*Not strictly a  Chinese bank it is multilateral development bank that aims to improve economic and social outcomes in Asia. The bank currently has 103 members and is headquartered in Beijing.

 

 

State Owned Commercial Banks:

Industrial and Commercial Bank of China  

ICBC

中国工商银行

   

China Construction Bank  

CCB

中国建设银行

   

Bank of China

BOC

中国银行

   

Agricultural Bank of China  

ABC

中国农业银行

   

Bank of Communications

BoCom

交通银行

 

 

Postal Savings Bank of China

PSBC

中国邮政储蓄银行

   

 

 

Commercial Banks:

China Merchants Bank

招商银行

 

Shanghai Pudong Development Bank

上海浦东发展银行

 

Industrial Bank

兴业银行

 

China CITIC Bank

中信银行

 

China Minsheng Bank

中国民生银行

 

China Everbright Bank

中国光大银行

 

Ping An Bank

平安银行

 

Huaxia Bank

华夏银行

 

China Guangfa Bank

广发银行

 

China Zheshang Bank

浙商银行

 

China Bohai Bank

渤海银行

 

Hengfeng Bank / Evergrowing Bank

恒丰银行

 

 

 

Internet & Private Banks:

WeBank (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

 

 

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