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Evaluating assets of the company

When discussing the biggest companies, it is important to evaluate their assets. Some established public and private companies earn modest sums of money and some generate lots of profit, being able to sustain and support their functioning for long time periods. Such companies sooner or later become financial giants ready to make their influence not only on people involved in their formation, but also on whole nations and countries worldwide.

This is especially true for financial institutions such as commercial banks, investment banks, insurance companies, brokerages, investment companies, savings and loan associations and credit unions. The roles of the mentioned institutions may differ, depending on the purposes for which their services are used. For example, some are suitable for making investments such as term deposits, some are used for signing up for credit cards or getting loans etc. However, because they exist as parts of a wider financial system – on a global scale their international influence and rank may be very high, having a larger purpose in the overall world's economy.

Top biggest banks of China

China banks can match these criteria as its plays one of the main roles in worldly economy these days. China's financial institutions are drawing more and more capital which is offering the best return, allocating it efficiently and remaining profitable for a rather long period of time. In other words, this country's banks keep world's economy turning.

There are four biggest financial institutions in China in terms of total assets. They are called the Big Four and serve over 300 million customers across the globe, having 200 to 15000 domestic branches and more than 3000 operating locations across the country while also maintaining offices in other largest capital cities like London, Tokyo, New York, Frankfurt, Seoul, Sydney, San Francisco, Singapore, Taipei and other internationally well-known cities.

The most powerful banking institution in China nowadays is considered to be the Industrial and Commercial Bank of China (ICBC). It has assets of more than three and a half trillion dollars. The other banks of China included on the list of the Big Four are state-owned commercial banks: China Construction Bank, Bank of China, and Agricultural Bank of China. Forbes mentioned these three institutions as the world's most influential companies in 2015. They dominated the list with 317 other companies which are considered to be 15% of the largest companies worldwide.

China Construction Bank operates in three business segments: treasury operations, personal banking and corporate banking, serving over 340 million corporate and retail customers. Country's government owns 58% of this bank which had assets of CNY 20.5 trillion.

Agricultural Bank of China is considered to be the largest in the country taking into account the amount of total assets based on market capitalization, offering personal banking, wealth management, credit card and foreign exchange services to more than 300 million customers. It was founded in 1951.

Bank of China is even older than the previous bank established in 1912 by the Government, now being world's 9th largest bank by market capitalization. It offers such services as insurance, investment and commercial banking.