Global InformationIndustrial and Commercial Bank of China information
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 Headquarters in Beijing | |
Native name | 中国工商银行 Zhōngguó Gōngshāng Yínháng[1] |
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| Company type | Public State-owned |
Traded as |
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| ISIN | CNE1000003G1 |
| Industry | Financial services |
| Founded | 1984 |
| Headquarters | Beijing , China |
Key people |
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| Products | Finance and insurance, consumer banking, corporate banking, investment banking, investment management, global wealth management, private equity, mortgage loans, credit cards |
| Revenue |  CN¥725.12 billion$105.4 billion (2018)[5][6] |
Operating income | CN¥369.32 billion $53.68 billion (2018)[5] |
Net income | CN¥298.72 billion $43.42 billion (2018)[5] |
| AUM | CN¥6.9 trillion ≈ US$1.0 trillion (2022)[7] |
| Total assets | CN¥27.70 trillion US$4.02 trillion (2018)[8] |
| Total equity | CN¥2.33 trillion $338.7 billion (2018)[5] |
| Owner |
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Number of employees |  434,798 (2022)[10] |
| Capital ratio | 12.87% (CET1)[6] |
| Website | icbc.com.cn icbc-ltd.com/en icbc-us.com |
| Industrial and Commercial Bank of China | |||||||
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| Simplified Chinese | 中国工商银行股份有限公司 | ||||||
| Traditional Chinese | 中國工商銀行股份有限公司 | ||||||
| Literal meaning | China Industrial and Commercial Bank, Company Limited by Shares | ||||||
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| Alternative Chinese name | |||||||
| Simplified Chinese | 中国工商银行 | ||||||
| Traditional Chinese | 中國工商銀行 | ||||||
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| Second alternative Chinese name | |||||||
| Chinese | 工行 | ||||||
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The Industrial and Commercial Bank of China (ICBC; 中国工商银行) is a Chinese multinational bank.
Founded as a limited company on 1 January 1984,[11] ICBC is a state-owned commercial bank. With capital provided by the Ministry of Finance of China,[12] the bank's Tier 1 capital in 2013 was the largest of one thousand global banks, being the first bank headquartered in China to achieve this distinction in modern history.[13][9] Subsequently, ranked the largest bank in the world 2017 and 2018, by total assets,[14] (31 December 2020, US$4.324 trillion[8]), ICBC was positioned at 1st in The Banker's Top 1000 World Banks ranking, every year from 2012,[15] and first (2019) on the Forbes Global 2000 list of the world's biggest public companies.[16] ICBC is also the 3rd largest bank in the world by market capitalization at $211 billion (31 December 2022).[17]
Furthermore, ICBC is considered one of the most profitable companies in the world, ranking fourth according to Forbes.[18] It is considered a systemically important bank by the Financial Stability Board.
Several former employees of ICBC have moved on to work in prominent government positions in China. Notable ICBC alumni include CSRC Chairman Huiman Yi, and Deputy Governor of the People's Bank of China Gongsheng Pan.
- ^ 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[permanent dead link] of (Masahiko Aoki, Jinglian Wu; editors) — The Chinese Economy: A New Transition[permanent 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)
- Xiuwen Feng (2016) — On Aesthetic and Cultural Issues in Pragmatic Translation: Based on the Translation of Brand Names and Brand Slogans, (page after "Section 1"), published by Routledge 15 July 2016, ISBN 1317528549, ISBN 9781317528548 – accessdate 2020-02-08 (page locatable using the search criteria "the chinese word for Industrial and commercial bank of China": link directs to Google return page not source; this source used to source "Pinyin", transliteration (phonetic) of pinyin version and to verify actual pinyin version)
- Learn Chinese Words, published by http://learn-chinese-words.com – accessdate 2020-02-08 < - accessed from Google Translate return of copy from within http://big5.icbc.com.cn/icbc/ (Chinese language) – accessdate 2020-02-08
- ^ "MOVES-China picks BoC boss Chen Siqing to head top bank ICBC – sources". Reuters. 22 April 2019. Retrieved 24 July 2020.
- ^ Si Qing Chen, 58 Chairman, Industrial & Commercial Bank of China Ltd., published by the Wall Street Journal – accessed 7 February 2020
- ^ #1 ICBC, published by Forbes, &, Board of Directors, published by ICBC – accessed 7 February 2020
- ^ a b c d "Annual Report 2018" (PDF). Industrial and Commercial Bank of China. Archived from the original (PDF) on 2 June 2019. Retrieved 31 May 2019.
- ^ a b "ICBC Annual Report 2016" (PDF). ICBC. Archived (PDF) from the original on 1 December 2017. Retrieved 28 November 2017.
- ^ "in pdf on page 91 (AUM)" (PDF). icbc.com.cn.
- ^ a b Francis Garrido & Saqib Chaudhry (2019) — The world's 100 largest banks, published 5 April 2019 by S & P Global – accessed 8 February 2020
- ^ a b 中央汇金投资有限责任公司 – (Central Huijin Investment Co., Ltd) & Bank Profiles, BankTrack, published November 2016, republished 2019 April 12 – accessdate 7 February 2020
- ^ "The World's Biggest Public Companies List – Forbes". Forbes. Retrieved 27 May 2022.
- ^ Cite error: The named reference
i2020125dwas invoked but never defined (see the help page). - ^ Wei Lee & Steven Shuye Wang (2015) — 2 Institutional Background and Data 2.1 China's banking industry, in, (Douglas Cumming, Alessandra Guariglia, Wenxuan Hou, Edward Lee; editors) Experiences and Challenges in the Development of the Chinese Capital Market, published by Springer 2015, ISBN 1137454636, ISBN 9781137454638 – accessed 26 February 2020
- ^ The Banker, "Chinese bank tops global 1,000 ranking for first time". BBC. 1 July 2013. Archived from the original on 1 July 2013. Retrieved 1 July 2013.
- ^ Ban.k Rankings – Top Banks in the World, published by Accuity (Reed Business Information Limited) – accessdate 9 February 2020
- ^ http://www.icbc.com.cn/icbc/en/newsupdates/icbc%20news/ICBCRanksFirstamongTop1000WorldBanksforSevenConsecutiveYears.htm – accessed 2 February 2020 (this source was used to add part not all of the associated content)
- ^ "The World's Biggest Public Companies List – Forbes". Forbes. Archived from the original on 10 April 2015. Retrieved 6 November 2016.
- ^ "Statista".
- ^ "ICBC". Forbes. Retrieved 3 April 2022.