Four of the top five biggest banks by total assets are Chinese.
This article is written by Bilal Jafar. He is a market analyst and covers financial markets and economic developments in the US and China. He is also founder of World Money Forum and serves as the website's chief editor.
The banking sector is considered to be one of the most important sectors in any economy. A strong financial system greatly aids a country's economic growth. The emergence of China in the global economy is visible to everyone and their financial system is playing a big role in it.
Recently, SNL financial, which is a business intelligence firm and provides financial data, released the list of the largest banks in the world, and it showed that 4 out of the top 5 banks in the world were from China. This shows the dominance of China in the global financial system.
SNL ranks the largest banks in the world by converting their total assets into USD.
Here is the list of top 5 banks in the world by assets and market cap in 2015
1. Industrial and Commercial Bank of China Ltd
Headquarters: Beijing, China. Total assets: $3.45 trillion
The ICBC held its position compared to 2014 as the number 1 bank in the world. The value of its assets is more than the entire value of the British economy.
2. China Construction Bank Corp
Headquarters: Beijing, China. Total assets: $2.81 trillion
China Construction Bank Corp has made decent progress compared to 2014, jumping position from number 3 to number 2, and showing a significant increase in total assets.
3. Agricultural Bank of China
Headquarters: Beijing, China. Total assets: $2.71 trillion
The Agriculture Bank of China jumped from position number 7 in 2014 to grab the 3rd spot in 2015, due to a massive increase in total assets.
4. HSBC Holdings plc
Headquarters: London, United Kingdom. Total assets: $2.66 trillion
The only non-Chinese bank in the top 5 is HSBC, but one important thing to notice is that HSBC actually fell from the number 2 spot in 2014 to number 4 in 2015.
5. Bank of China Ltd
Headquarters: Beijing, China. Total Assets: $2.58 trillion
In 2014, Bank of China was ranked at number 8, but this year it jumped to the number 5 spot.
This article is written by Bilal Jafar. He is a market analyst and covers financial markets and economic developments in the US and China. He is also founder of World Money Forum and serves as the website's chief editor.
The banking sector is considered to be one of the most important sectors in any economy. A strong financial system greatly aids a country's economic growth. The emergence of China in the global economy is visible to everyone and their financial system is playing a big role in it.
Recently, SNL financial, which is a business intelligence firm and provides financial data, released the list of the largest banks in the world, and it showed that 4 out of the top 5 banks in the world were from China. This shows the dominance of China in the global financial system.
SNL ranks the largest banks in the world by converting their total assets into USD.
Here is the list of top 5 banks in the world by assets and market cap in 2015
1. Industrial and Commercial Bank of China Ltd
Headquarters: Beijing, China. Total assets: $3.45 trillion
The ICBC held its position compared to 2014 as the number 1 bank in the world. The value of its assets is more than the entire value of the British economy.
2. China Construction Bank Corp
Headquarters: Beijing, China. Total assets: $2.81 trillion
China Construction Bank Corp has made decent progress compared to 2014, jumping position from number 3 to number 2, and showing a significant increase in total assets.
3. Agricultural Bank of China
Headquarters: Beijing, China. Total assets: $2.71 trillion
The Agriculture Bank of China jumped from position number 7 in 2014 to grab the 3rd spot in 2015, due to a massive increase in total assets.
4. HSBC Holdings plc
Headquarters: London, United Kingdom. Total assets: $2.66 trillion
The only non-Chinese bank in the top 5 is HSBC, but one important thing to notice is that HSBC actually fell from the number 2 spot in 2014 to number 4 in 2015.
5. Bank of China Ltd
Headquarters: Beijing, China. Total Assets: $2.58 trillion
In 2014, Bank of China was ranked at number 8, but this year it jumped to the number 5 spot.
Institutional FX Demand Continues to Climb in April
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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