{"id":683596,"date":"2026-07-10T04:15:33","date_gmt":"2026-07-10T04:15:33","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/683596\/"},"modified":"2026-07-10T04:15:33","modified_gmt":"2026-07-10T04:15:33","slug":"china-now-has-7-of-worlds-10-biggest-banks-as-beijings-financial-ambitions-grow","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/683596\/","title":{"rendered":"China now has 7 of world\u2019s 10 biggest banks as Beijing\u2019s financial ambitions grow"},"content":{"rendered":"

China\u2019s \u201cbig four\u201d state-run banks are the largest in the world in terms of asset scale, a new report has found, underscoring Beijing\u2019s rising ambitions to build the country into a global financial powerhouse<\/a>.The ranking released by The Banker magazine on Wednesday was topped by the four Chinese banks<\/a> \u2013 Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China and Bank of China \u2013 with JPMorgan Chase following in fifth place.<\/p>\n

In total, Chinese banks made up seven of the top 10 in the ranking, which lists global banks in terms of tier-one capital size. All seven of them are controlled by the Chinese government.<\/p>\n

Postal Savings Bank of China broke into the top 10 for the first time, while US giants Bank of America and Citigroup ranked sixth and eighth, respectively.<\/p>\n

Chinese banks collectively held US$54.8 trillion in total assets, more than double the US$25 trillion held by US banks in the ranking, data showed.<\/p>\n

However, the race is not only about size, as US banks continue to hold the advantage in terms of profitability.<\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s \u201cbig four\u201d state-run banks are the largest in the world in terms of asset scale, a new…\n","protected":false},"author":2,"featured_media":683597,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[24990,5782,36806,5713,84,891,55662,228142,83942,1294,228138,156717,19592,55665,228139,228140,56,54,55,228141],"class_list":["post-683596","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-agricultural-bank-of-china","tag-bank-of-america","tag-bank-of-china","tag-beijing","tag-business","tag-china","tag-china-construction-bank","tag-chinese-banks","tag-citigroup","tag-economy","tag-european-banks","tag-industrial-and-commercial-bank-of-china","tag-jpmorgan-chase","tag-postal-savings-bank-of-china","tag-silvia-pavoni","tag-the-banker","tag-uk","tag-united-kingdom","tag-unitedkingdom","tag-us-banks"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/683596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=683596"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/683596\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/683597"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=683596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=683596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=683596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}