ICBC (Industrial and Commercial Bank of China)

ICBC is a state-owned commercial bank that was established on January 1st, 1984, as a limited company. The bank's Tier 1 capital in 2013 was the largest of 1,000 global banks thanks to funding from the Chinese Ministry of Finance, making it the first bank with its headquarters in China to hold this distinction in modern times.

ICBC was subsequently ranked first in The Banker's Top 1000 World Banks ranking every year since 2012 and first (2019) on the Forbes Global 2000 list of the largest public companies in the world. ICBC was ranked as the largest bank in the world in 2017 and 2018, by total assets (31 December 2020, US$4.324 trillion).

ICBC is also regarded as one of the most profitable businesses in the world, ranking fourth, according to Forbes. The Financial Stability Board views this bank as one of systemic importance. A number of former ICBC personnel now hold important government posts in China. Vice Governor of the PBoC, Gongsheng Pan, and Chairman of the CSRC, Huiman Yi, are notable ICBC alumni.

Founded: 1984
Headquarters: Beijing, China
Website: www.icbc-ltd.com/