FAQs
Chinese banks continued to dominate the ranking of Asia-Pacific's top 50 largest banks by total assets in 2021, helped by strong growth in lending after a pandemic-induced slowdown, according to S&P Global Market Intelligence.
Who is the biggest lender in China? ›
In fact, the biggest four banks in the world (by asset size) are Chinese, according to the 2021 annual rankings by S&P Global Market Intelligence: the Industrial & Commercial Bank of China, the China Construction Bank, the Bank of China, and the Agricultural Bank of China.
What is the top bank in APAC? ›
Industrial and Commercial Bank of China Ltd., China Construction Bank Corp., Agricultural Bank of China Ltd. and Bank of China Ltd. remained as the top four. Their combined total assets grew 4.1% in 2022 to $19.871 trillion.
What are the top 5 banks in China? ›
Industrial and Commercial Bank of China Ltd, China Construction Bank Corp, Agricultural Bank of China Ltd, Bank of China Ltd, and Postal Savings Bank of China Co Ltd are the top 5 banks in China in 2021 by revenues.
Which is strongest bank in Asia? ›
In this year's The Asian Banker Strongest Banks By Balance Sheet evaluation, Bank of China (Hong Kong) retained strongest bank ranking in Asia Pacific despite the lowest score in five years. The bank excelled in the areas of scale, risk profile, asset quality and liquidity.
Who is the biggest borrower in the Asia Pacific region? ›
TOKYO -- China is the largest borrower among all the world's low- and medium-income countries while also being one of the biggest lenders to those places, the World Bank said in a recent report, underscoring the nation's key position in the global economy.
Is China the biggest lender in the world? ›
A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world's biggest and most unforgiving government lender, China.
Who has the biggest economy in APAC? ›
China has the largest economy in Asia, with a GDP of over $18 trillion. It is also the most powerful country in Asia, and second on the list of the 25 Most Powerful Countries in the World in 2023.
Who are the top retailers in APAC? ›
Top Retailers And FMCG Firms In Asia-Pacific By Market Cap
- Kweichow Moutai Co Ltd (China) ...
- Alibaba Group Holding Ltd (China) ...
- Pinduoduo Inc (China) ...
- Wuliangye Yibin Co Ltd (China) ...
- JD.com Inc (China) ...
- Hindustan Unilever Ltd (India) ...
- Fast Retailing Co (Japan) ...
- Nongfu Spring Co Ltd (China)
Who is Asia's richest banker? ›
63-year-old Uday Kotak has been leading the bank since its inception in 1985. It became a commercial lender in 2003.
East West Bank is the largest Asian American–owned bank in the U.S., with $60.8 billion in total assets.
What are the largest Chinese banks in the US? ›
As the oldest and largest Chinese bank in the U.S., Bank of China U.S.A. provides comprehensive services for financial institutions in the U.S. and Greater China, leveraging our expertise and network in and across both markets.
What are the 4 state owned banks in China? ›
The Big Four and others
In 1995, the Chinese Government introduced the Commercial Bank Law to commercialize the operations of the four state-owned banks, the Bank of China (BOC), the China Construction Bank (CCB), the Agricultural Bank of China (ABC), and the Industrial and Commercial Bank of China (ICBC).
Which is the safest bank of Asia? ›
DBS Bank is the safest bank in Asia. For over a decade, it has been consistently ranked as the most secure and reliable financial institution on the continent.
Which Chinese bank is the best? ›
The four largest Chinese banks – Industrial and Commercial Bank of China (ICBC), China Construction Bank, Agricultural Bank of China and Bank of China – have consolidated their positions at the top of the Top 1000 World Bank ranking (see Table 2).
Which bank is least efficient in Asia Pacific? ›
SBI found to be the least efficient bank in Asia-Pacific zone: S&P Global Market Intelligence report.
Which country has most debt from World Bank? ›
France. France has one of the largest debt levels in the world at $3.1 trillion dollars. Its debt to GDP ratio stands at 112%, with persistent primary budget deficits a prime cause of high debt levels. Economic growth has also been sluggish, adding to the increasing debt-to-GDP ratio.
Who is the biggest borrower in the world? ›
India takes the top spot. Its $39.7bn debt towards the WB recorded at the end of 2021 is double that of the next biggest debtor, Indonesia, with $19.6bn.
What countries lend the most money? ›
List
Country/Region | External debt US dollars | Date |
---|
United States | 24.5 trillion | December 2022 |
United Kingdom | 8.73 trillion | June 2022 |
France | 7.04 trillion | June 2022 |
Germany | 6.46 trillion | June 2022 |
93 more rows
Who owes China the most money? ›
At the end of 2021, of the 98 countries for whom data was available, Pakistan ($27.4 billion of external debt to China), Angola (22.0 billion), Ethiopia (7.4 billion), Kenya (7.4 billion) and Sri Lanka (7.2 billion) held the biggest debts to China.
China is currently the second-largest holder of US government debt, behind Japan. According to data from the US Treasury, China held US$869.3 billion worth of such debt in March, up from US$848.8 billion in February.
Why does the US owe China? ›
U.S. debt to China comes in the form of U.S. Treasuries, largely due to their safety and stability. Although there are worries about China selling off U.S. debt, which would hamper economic growth, doing so in large amounts poses risks for China as well, making it unlikely to happen.
Who is the biggest investor in China? ›
Among them, Germany stands out as the top investor by far, making up 43% of the total, on average, over the past four years, compared to 34% in the previous 10 years. In 2018, German firms accounted for more than half of all European investment in China.
What is China's main financial hub? ›
As an international financial centre, Hong Kong serves as mainland China's gateway to the world. As a longstanding pillar of this city, HSBC is proud to play a pivotal role in connecting the East and the West.
Who is the largest lender in the world? ›
With $5.5 trillion in assets, Industrial and Commercial Bank of China Limited is the largest bank in the world, as measured by total assets.
Who is Evergrande largest lender? ›
At the end of June 2020, Minsheng was Evergrande's largest creditor with 29.3 billion yuan in outstanding loans, according to a letter drafted by the developer and circulated online that year.