Although China's four major banks (China Construction of Workers and Peasants) were established sooner or later and have different historical origins, they are all shareholders of the Ministry of Finance and Central Huijin Company, which is actually the capital of the country. These four banks are the "national team of banks" among the central financial enterprises, representing the most abundant financial capital in China, so they are trusted by the people.
China Industrial and Commercial Bank (hereinafter referred to as ICBC) was established on 1984. Although it is the latest of the four major banks, it has developed into the most powerful bank in China and the first of the four major banks because it inherited the commercial banking business (personal and industrial and commercial enterprise deposits) spun off by the former People's Bank of China. At the same time, it has the highest market value, the largest customer deposits, the largest total assets and the strongest profitability among peers in the world. China Construction Bank (hereinafter referred to as CCB) was established in 1954 to serve the matching funds of the 156 project aided by the Soviet Union in the first five-year plan of New China.
From the beginning, it only focused on basic business such as national capital construction budget allocation and enterprise self-raised fund allocation, and now it has developed into the second largest bank in China, second only to ICBC. Its advantages are mainly reflected in technical advantages and inter-bank business, especially unmanned self-service business. CCB took the lead in opening the first unmanned bank in China. Agricultural Bank (hereinafter referred to as ABC) Agricultural Bank was established in 195 1, which is the first commercial bank established in New China. Although it is considered as the worst asset quality among the four major banks, it has developed into a large modern bank with complete business types after several rounds of modern banking system reform.
And because of its characteristic orientation of serving agriculture, countryside and farmers, among the four major banks, Agricultural Bank of China has the largest business outlets in the country, which are distributed all over urban and rural areas, especially in the vast rural areas. Bank of China (hereinafter referred to as Bank of China) Bank of China was established in 19 12, which is the earliest of the four major banks, but it is the smallest at present, and its characteristic advantage lies in trade finance. China Bank has the earliest international business and the most overseas outlets, and many foreign-related businesses are conducted through it, so its foreign exchange business is the most advanced among the four major banks.