All banks, save the People's Bank of China, are under the supervision of
China Banking and Insurance Regulatory Commission.
Policy banks China has three
policy banks. Among them,
China Development Bank was incorporated in December 2008 and officially defined by the State Council as a
development finance institution in March 2015.
State-owned Commercial Banks China has six state-owned commercial banks. These banks are ranked by their Tier 1 capital amount as of 2018. Banks with asterisks (*) are the four major state-owned banks (i.e. the
"Big Four" banks).
Bank of Communications was founded in 1908. On 1 April 1987, it was restructured and re-commenced operations as the first state-owned bank in China.
Postal Savings Bank of China has the most outlets of any retail bank in China (~40,000). Over 80% of its outlets accompany China Post post offices.
Commercial banks China has 12 national
commercial banks. These banks are ordered by their Tier 1 capital amount as of 2018.
Urban commercial banks Urban commercial banks were transferred from urban credit cooperatives established in 1980s and 1990s. As of mid-2023, there were approximately 125 city commercial banks (urban commercial banks) operating in China. These institutions are distinct from the six large state-owned commercial banks and 12 joint-stock commercial banks, functioning as local, city-level, or regional financial entities that have been consolidating in recent years.
Rural Commercial Banks Rural commercial banks were converted from rural credit cooperatives and play an important role in rural financial needs. Some rural commercial banks include Beijing Rural Commercial Bank, Shanghai Rural Commercial Bank, Chongqing Rural Commercial Bank, Jiangsu Jingjiang Rural Commercial Bank.
Internet Banks and other private banks •
WeBank (China) (
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
Other banks •
Bank of Kunlun (昆仑银行) •
SiliBank (实利银行) • Bank of
Lanzhou • Bank of
Gansu Branches and subsidiaries of foreign banks The
China Banking Regulatory Commission (CBRC) announced its approval for nine foreign-funded banks (marked with the "#" sign below) to start their preparatory work for setting up local corporations in China on 24 December 2006. Following this, additional banks have been able to incorporate locally. The following is a non-exhaustive list. Asterisks (*) indicate that the bank does not service individuals. •
ABN AMRO (Netherlands)# •
ANZ Bank •
Banco Santander •
Bank Mandiri •
Bank of America •
Bank of East Asia (Hong Kong)# •
Bank of Montreal (Canada) •
Barclays •
BBVA Bank •
BNP Paribas •
BNY •
Citibank (United States)# •
Commerzbank •
Commonwealth Bank (Australia) •
Crédit Agricole •
Dah Sing Bank (Hong Kong) •
DBS Bank (Singapore)# •
Deutsche Bank •
Fubon Bank (Taiwan) •
Hana Bank (South Korea) •
Hang Seng Bank# •
HSBC •
ING Bank •
Intesa Sanpaolo •
JPMorgan Chase (United States)* •
Kasikornbank (Thailand) •
KBC Bank •
Mizuho Corporate Bank (Japan)*# •
MUFG (Japan)*# •
National Australia Bank •
Natixis •
Norddeutsche Landesbank •
OCBC Wing Hang Bank (Hong Kong) •
Oversea-Chinese Banking Corporation (Singapore) •
Rabobank •
Raiffeisen Bank International •
Royal Bank of Scotland •
Scotiabank (Canada) •
Shinhan Bank (South Korea) •
Societe Generale (France) • SPD
Silicon Valley Bank •
Standard Chartered (United Kingdom)# •
UBS •
United Overseas Bank (Singapore) •
VTB Bank •
Wells Fargo •
Westpac •
Woori Bank (South Korea) ==Banks in the Special Administrative Regions==