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It provides bank card services and a major card scheme in mainland China. Founded on 26 March 2002, China UnionPay is an association for China's banking card industry, operating under the approval of the People's Bank of China (PBOC, central bank of China). [1] It is also an electronic funds transfer at point of sale ( EFTPOS) network, and the ...
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 as of April 2024. [8] ICBC was created on 1 January 1984 from what were then the commercial banking operations of the People's Bank of China. ICBC is majority-owned by the Chinese government and has ...
Electronic Payment ServicesEPS. Electronic Payment Services ( simplified Chinese: 易办事; traditional Chinese: 易辦事; pinyin: Yì bànshì ), commonly known as EPS, is an electronic payment system based in Hong Kong, Macau, and with limited acceptance in Shenzhen since it began operations in 1985. The service is provided by EPS Company ...
The Bank of China ( BOC; Chinese: 中国银行; pinyin: Zhōngguó Yínháng; Portuguese: Banco da China) is a Chinese majority owned commercial bank headquartered in Beijing and one of the largest banks in the world. The Bank of China was formed in 1912 by renaming the Qing dynasty 's Da-Qing Bank (est. 1905) under the newly established ...
Bank of China Limited - Bank of China Limited. HSBC - HSBC Macau. Citibank - Citibank Macau. Standard Chartered Bank - Standard Chartered Bank. Guangdong Development Bank Co., Ltd. - Banco de Desenvolvimento de Cantão, S.A. Bank SinoPac Company Limited - Banco SinoPac company Limited. Chong Hing Bank Limited - Chong Hing Bank Limited.
The Industrial and Commercial Bank of China (Macau) Limited ( Chinese: 中國工商銀行 (澳門)股份有限公司) formerly known as the Seng Heng Bank Limited ( Chinese: 誠興銀行) established in 2009, is the third largest locally incorporated bank in Macau, China. In August 2007, Industrial and Commercial Bank of China (ICBC) acquired a ...
China's Reserve Requirement Ratio for large banks. China's banking sector had CN¥319.7 trillion (US$49.5 trillion) in assets at the end of 2020.The "Big Four" state-owned commercial banks are the Bank of China, the China Construction Bank, the Industrial and Commercial Bank of China, and the Agricultural Bank of China, all of which are among the largest banks in the world as of 2018.
Bank of Communications ( BOCOM or BankComm) is the fifth-largest bank in mainland China. It was originally established in 1908 and was one of a handful of domestic Chinese banks that issued banknotes in modern history. Following the Chinese Communist Revolution in 1949, the mainland operation of that bank were merged into the People's Bank of ...