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The Industrial and Commercial Bank of China (ICBC; Chinese: 中国工商银行) is the largest bank in China and in the world, by total assets. ICBC was created on 1 January 1984 from what were then the commercial banking operations of the People's Bank of China.
After intensive preparation, on January 1, 1984, Industrial and Commercial Bank of China (ICBC) was officially incorporated, symbolizing the finial setup of the national specialized bank system in China. i. Background of the establishment of ICBC.
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role in Chinese economy. …industrial and construction enterprises; the Industrial and Commercial Bank of China, which conducts ordinary commercial transactions and acts as a savings bank for the public; the Agricultural Bank of China, which serves the agricultural sector; and the China Investment Bank, which handles foreign investment.
It is one of China's 'Big Four' state-owned commercial banks. The other three banks are Bank of China, Agricultural Bank of China, and China Construction Bank. It was founded on January 1, 1984. At first it was a private company. It had assets of RMB 12.55 trillion (US$1.9 trillion).
The Industrial and Commercial Bank of China (ICBC) is a large commercial bank in China and among the largest banks in the world in terms of total assets and tier-one capital. Founded in 1984, ICBC is listed on the SSE and the HKSE.
Industrial and Commercial Bank of China Limited ( ICBC; Chinese: 中国工商银行; pinyin: Zhōngguó Gōngshāng Yínháng) is a Chinese multinational bank. Founded as a limited company on 1 January 1984, ICBC is a state-owned commercial bank.
Feb 2, 2024 · Founded in 1984, ICBC is the world's largest bank by asset value. ICBC has expanded its operations outside of China through mergers and acquisitions, as well as registering branch offices in foreign countries.
