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About: Banking in China     Goto   Sponge   NotDistinct   Permalink

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China's banking sector had ¥319.7 trillion RMB (US$49.5 trillion) in assets at the end of 2020. The "big four/five" state-owned commercial banks are the Bank of China, the China Construction Bank, the Industrial and Commercial Bank of China, and the Agricultural Bank of China, all of which are among the largest banks in the world as of 2018. The Bank of Communications is sometimes included. Other notable big and also the largest banks in the world are China Merchants Bank and Ping An Bank.