Sunday, 26 January 2014
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Industrial and Commercial Bank of China

Industrial and Commercial Bank of China


Industrial and Commercial Bank of China Ltd. (ICBC) (simplified Chinese: 中国工商银行; traditional Chinese: 中國工商銀行; pinyin: Zhōngguó Gōngshāng Yínháng, more commonly just 工行 Gōngháng) is the largest bank in the world by total assets and market capitalization. It is one of China's 'Big Four' state-owned commercial banks (the other three being the Bank of China, Agricultural Bank of China, and China Construction Bank). It was founded as a limited company on January 1, 1984. As of March 2010, it had assets of RMB 12.55 trillion (US$1.9 trillion), with over 18,000 outlets including 106 overseas branches and agents globally.[3] In 2013, it ranked number 1 on Forbes Global 2000 list of worlds biggest public companies, and number 1 in The Banker's Top 1000 World Banks ranking - the first time ever for a Chinese bank.

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