China’s financial industry is one of the largest and fastest growing markets in the world, encompassing banking, insurance, securities and other non-bank financial institutions. Below is a brief overview of each segment:
Banking: China’s banking system is the largest in the world, comprising a large number of commercial banks, policy banks and rural cooperative financial institutions. Among them, Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Agricultural Bank of China (ABC), Bank of China (BOC) and Bank of Communications (BOC) are among the world’s top 500 companies.
Insurance: China’s insurance market is one of the fastest-growing in the world, covering a wide range of sectors including life insurance, property insurance and health insurance. China Life and Ping An are among the leading insurance companies in the Global 500.
Securities: China’s securities market, which includes the Shanghai Stock Exchange and the Shenzhen Stock Exchange, has a large number of listed companies and is actively traded. Major players in China’s securities industry include securities companies, fund management companies and futures companies.
Non-Banking Financial Institutions: This segment includes trust companies, financial leasing companies, auto finance companies, money brokers, and others. These organisations provide a range of financial products and services to consumers and businesses in China.
Among the Global 500, in addition to the banks and insurance companies mentioned above, there are also some large financial investment companies and asset management companies, such as China Investment Corporation (CIC) and China Development Bank.
