Industrial and Commercial Bank of China
State-owned bank in China
Industrial and Commercial Bank of China
The Industrial and Commercial Bank of China (ICBC; Chinese: 中国工商银行) is a Chinese partially state-owned multinational banking and financial services corporation headquartered in Beijing, China. It is the largest of the "big four" banks in China, and the largest bank in the world by total assets. ICBC was created on 4 January 1984 from what were then the commercial banking operations of the People's Bank of China. ICBC is majority-owned by the Chinese government and has remained so after its landmark initial public offering in 2006. As end of 2021, ICBC shareholders included Central Huijin Investment (34.7 percent), the Chinese Ministry of Finance (31.1 percent), the National Council for Social Security Fund (3.5 percent), adding up to 69.3 percent under the ultimate control of the Ministry of Finance. ICBC became the world's largest bank by total assets in 2012 (based on year-end balance sheet) and has kept this rank ever since. In 2015, ICBC ranked 1st on World Brand Lab's Top 500 Most...
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