The hold China’s banks maintain on the global banking sector is clear from the Top 1000 World Banks ranking, as Industrial and Commercial Bank of China (ICBC), China Construction Bank, Agricultural Bank of China and Bank of China keep their top four places for another year. While the size and scale of these banks is undisputed, it is the number of Chinese banks climbing up the ranking that will set the tone in the years to come.
China Merchants Bank holds 11th place for another year, while Postal Savings Bank has climbed one place to 12th. And just below, Industrial Bank, Shanghai Pudong Development Bank and China Citic Bank take 17th, 18th and 19th places, respectively. Chinese banks now occupy half of the top 20 banks ranking.
