Valuation of the company's assets
When discussing the largest companies, it is important to evaluate their assets. Some established public and private companies make modest sums of money and some make large profits because they can maintain and support their functioning for long periods of time. Sooner or later, such companies will become financial giants ready to influence not only the people involved in their creation, but also entire nations and countries around the world.
This is especially true of financial institutions such as commercial banks, investment banks, insurance companies, brokerage firms, investment companies, savings and credit unions, and credit unions. The roles of these institutions can vary depending on the purpose for which their services are used. For example, some are suitable for investments such as time deposits, others for registering credit cards or taking out loans, etc. However, because they exist as part of a larger financial system, they have international influence on a global scale and rank can be very high and larger Have purpose in the entire global economy.
The largest banks in China
Chinese banks can meet these criteria as they play one of the major roles in the world economy today. China's financial institutions are creating ever more capital that offers the best return, efficiently allocates it and remains profitable over a longer period of time. In other words, this country's banks keep the world economy going.
In terms of total assets, there are the four largest financial institutions in China. Called the Big Four, they serve over 300 million customers around the world with 200 to 15,000 domestic offices and more than 3,000 operating locations across the country, while also having offices in other major capitals such as London, Tokyo, New York, Frankfurt, Seoul , Sydney, San Francisco, Singapore, Taipei and other internationally known cities.
The Industrial and Commercial Bank of China (ICBC) is considered the most powerful banking institution in China today. It has more than three and a half trillion dollars in net worth. The other banks in China that make the Big Four list are state commercial banks: China Construction Bank, Bank of China, and Agricultural Bank of China. Forbes named these three institutions as the most influential companies in the world in 2015. They dominated the list with 317 other companies that are considered 15% of the largest companies in the world.
China Construction Bank operates in three business areas: Treasury Operations, Personal Banking and Corporate Banking and serves over 340 million corporate and private customers. The country's government owns 58% of this bank with assets of CNY 20.5 trillion.
Considered the largest in the country by total assets based on market capitalization, the Agricultural Bank of China provides personal banking, wealth management, credit card and foreign exchange services to more than 300 million customers. It was founded in 1951.
Even older than the previous bank founded by the government in 1912, the Bank of China is now the ninth largest bank in the world by market capitalization. It offers services such as insurance, investment and commercial banking.