Four state-owned commercial banks in China

China's four major banks refer to four large state-owned banks directly controlled by the state (Ministry of Finance and Central Huijin Company), including: Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China and China Construction Bank (industry, agriculture, China and construction), also known as the four major banks of the central government, which represent the strongest financial capital strength in China. The four major state-owned banks have gone through the stage of specialized banking with their own division of labor at the beginning of the founding of the People's Republic of China, and in the new century, they have basically become comprehensive large-scale listed banks, and all of them have become among the top 5 enterprises in the world. Today, the business scope of the four major banks is no longer single, and they are moving towards the goal of comprehensive, international and modern large commercial banks.

1. China Industrial and Commercial Bank (full name: China Industrial and Commercial Bank Co., Ltd.) was established in 1984. It is the top five banks in China and one of the top 5 enterprises in the world. It has the largest customer base in China and the largest commercial bank in China. China Industrial and Commercial Bank is the largest wholly state-owned commercial bank in China. Its basic task is to raise social funds through financing activities at home and abroad, strengthen the management of credit funds, support enterprise production and technological transformation, and serve China's economic construction.

2. China Agricultural Bank Co., Ltd. (HKEx: 1288, SSE: 61288, OTCBB：ACGBY), referred to as Agricultural Bank of China, is one of the four traditional state-owned commercial banks, and its assets rank third among mainland banks in China. As early as 1951, the former Farmers' Bank of China and the Cooperative Bank of the Republic of China were merged into the Agricultural Cooperative Bank. In 1952, this bank was merged into the People's Bank of China, and the Agricultural Bank of China itself regarded the Agricultural Cooperative Bank as one of its predecessors. The current Agricultural Bank of China was re-established in March 1979. By the end of March 21, the total assets of China Agricultural Bank were 9,499.5 billion yuan, with 7,497.618 billion yuan in deposits and 4,138.187 billion yuan in loans, and its annual net profit was 51.453 billion yuan.

3. Bank of China Limited (hereinafter referred to as BOC or BOC, HKEx: 3988, SSE: 61988, OTCBB：BACHY) is a comprehensive commercial bank in Chinese mainland. It was established in Shanghai on February 5, 1912 and is the oldest bank in China. At present, Bank of China is headquartered in Beijing, and it is also known as the four state-owned commercial banks in Chinese mainland, the third largest bank in the world by market value, together with Industrial and Commercial Bank of China, Agricultural Bank of China and China Construction Bank. Mainly engaged in commercial banking business, including corporate finance business, personal finance business and financial market business.

4. China Construction Bank Co., Ltd. (SSE: 61939, HKEx: 939, OTCBB：CICHY), one of the four state-owned commercial banks in Chinese mainland, is the second largest bank in China. It is one of the eight guarantees for Chinese financial stocks in Hong Kong. By the end of March 211, the total assets of the Bank had reached 12,281.8 billion RMB. Headquartered in Beijing, CCB was founded in August 1979, formerly known as the People's Construction Bank of China. On March 26, 1996, it was renamed and its current emblem was activated. As a national professional bank, it mainly handles the national capital construction funds and manages and supervises the use of the capital construction funds determined by the national plan. China Construction Bank is the first state-owned commercial bank in China to be listed in Hongkong in full circulation, and the first company registered in Chinese mainland to become a constituent stock of Hang Seng Index.

: The four major state-owned banks were formed in history and gradually differentiated after China's reform and opening up, namely Industrial and Commercial Bank, Agricultural Bank, China Bank and China Construction Bank. These four state-owned banks have all been transformed into joint-stock banks, but because they are state-controlled joint-stock banks, they are referred to as state-owned banks.