Bank of China USA’s Post

💼 China's Financial Giants: ICBC, CCB, ABC, and BOC - Unmatched Asset Strength 💰 The Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Agricultural Bank of China (ABC), and Bank of China (BOC) are the top four banks globally in terms of assets held. 💼 ICBC leads the ranking with an impressive asset portfolio valued at $6,303 billion, showcasing its dominance in the financial sector. 💼 China Construction Bank (CCB) holds the second position with assets totalling $5,623 billion, reflecting its strong financial standing and extensive network. 💼 Agricultural Bank of China (ABC) ranks third with assets amounting to $5,400 billion, underlining its critical role in supporting China's agricultural and rural banking needs. 💼 Bank of China (BOC) secures the fourth position with assets of $4,578 billion, demonstrating its significant presence in international banking and trade finance. 💰Together, these four banks represent the pinnacle of financial power and stability within the global banking industry. #ICBC #ChinaConstructionBank #AgriculturalBankOfChina #BankOfChina #Finance #Banking #Assets #banks #Innovation #Ideation #GlobalImpact

Bank of East Asia

At the Bank of China (BoC) head office, Fan Yaosheng, the general manager of its clearing department, highlighted the bank’s strategies and innovations in Renminbi (RMB) clearing services, emphasising their critical role in global financial markets, international trade, and investment. The bank boasts a rich history in the financial landscape, notably in international clearing and remittance.   BoC's international reach includes a network across 64 countries and regions, having been designated as the RMB clearing bank in 15 markets by the People’s Bank of China as of the end of 2023.   In 2023 alone, BoC processed more than RMB 938 trillion ($129 trillion) through the Cross-Border Interbank Payment System, confirming its status as the market leader with the widest coverage of direct and indirect participants.   The bank’s proactive approach focuses on delivering superior RMB clearing services worldwide, particularly in the Asia-Pacific. This effort supports significant initiatives that facilitate trade and investment while strengthening regional financial integration.   Furthermore, BoC’s involvement in various Connect Scheme initiatives has been vital in linking Mainland China with global financial centres, particularly Hong Kong. This has been instrumental in allowing overseas investors access to the mainland’s financial markets, underscoring its expertise in interbank cooperation and cross-border financial services. Foo Boon Ping 胡文彬, Ruoxin Qi, TAB Global SHAILESH JADHAV, Janet liu, Jasmine Lian, Valarie Zhang, Sihui (Sabrina) Song, Grace Tomelden, Hamid Hussain #BankofChina #RMB #GlobalFinance #InternationalTrade #Investment #FinancialInnovation #CrossBorderPayments #FinancialIntegration #AsiaPacific #ConnectScheme #China #HongKong #Interbank #FinancialServices #MarketLeader2

Ready to find out which #banking #brands are the most valuable in 2024? Find out the results here. Chinese banks take top three spots! - ICBC (Asia) takes 1st place, brand value US$71.8 billion. - China Construction Bank (Asia) comes in at number 2, valued at US$65.6 billion. - Agricultural Bank of China takes 3rd, brand value US$60.4 billion. 3 African Bank brands top list of the 5 strongest banking brands in the world. The Kenyan flag flew high as 2 local banks came in the top 5 strongest brands in the Banking 500 of 2024. Equity Bank was listed as the 2nd strongest brand in the world with a BSI score of 92.46 rating AAA+ while KCB came in 5th strongest brand with a BSI score of 91.47 rating at AAA+. Visit the full ranking and report using the link below. https://lnkd.in/dnHR9kih

As the backbone of Hong Kong's economy, small and medium enterprises (SMEs) account for 98% of local enterprises. They are also an important customer segment for banks. To support this vital ecosystem, the HKMA collaborated with the banking sector in establishing the Banking Sector SME Lending Coordination Mechanism. The Coordination Mechanism implemented various SME support measures and banks adopted a sympathetic attitude in handling the financing needs of corporates. As one of the measures, HKMA has set up a one-stop SME information platform to provide information on lending services offered by major banks. See the slides below for details and visit the new platform at: https://lnkd.in/g82aK2ys The HKMA will continue to maintain close communication with The Hong Kong Association of Banks, the Hong Kong Chinese Bankers Association, and the commercial sectors, and will follow up on the implementation of the SME support measures. Learn more about other SME support initiatives at HKMA's inSight here: https://lnkd.in/gRMNCx7A #SMEs #HongKongeconomy #sustainabledevelopment 

China CITIC Bank International Limited was recognised as the Best Custodian Bank for achieving robust growth and profitability despite a challenging financial environment in China. The bank demonstrated strong financial and strategic leadership in the custody business compared to its Asian peers, with assets under custody growing by 10% year-on-year to reach $2.1 trillion. It was one of the few banks in China to achieve positive net profit growth in 2023, strategically focusing on pension funds and further digitalising its custody platform.  The Financial Markets Awards is a landmark recognition programme to benchmark institutional leadership and performance in both the regulated markets and exchanges of Asia Pacific, the Middle East and Africa regions. See the full list of winners here: https://bit.ly/3KxMhx8 Jenny Lai, Daisy Chau, Issa Chan, Shirley F., Walter Wang, miriam yuen, Marco Law, Chris Guan, Nelson Cheung TAB Global #FinancialMarketAwards #InstitutionalLeadership #MarketPerformance #RegulatedMarkets #ExchangesLandscape #AsiaPacificFinance #MiddleEastFinance #AfricaFinance #GlobalFinance #FinancialTransformation #RisingRates #InflationPressure #DigitalAssets #BankingInnovation #MarketDigitisation #FinancialDemocratisation #InvestmentAwards #FinanceExcellence #FinanceLeadership #FinancialAwards2025

Singapore banks stand to gain from prolonged higher interest rates, boosting margins, despite ongoing challenges like sluggish loan demand, analysts say. DBS Bank and OCBC posted robust earnings, whereas UOB grappled with elevated funding costs. Despite these challenges, banks express optimism about sustaining net interest margins and are prepared with provisions to offset potential credit losses, underpinning solid earnings forecasts for 2024. https://lnkd.in/gbwvNHWu #Growth #Earnings #Performance #Business #Economy #InterestRates I The Straits Times I Prisca Ang

Latest list of G-SIBs shows reduction to 29 With 2 European banks falling off the G-SIB list (Credit Suisse because it is no more!) and one Chinese bank added the G-SIB total has reduced to 29. It is interesting that 3 of the 4 G-SIBs in category 3 or 4 are US headquartered banks with HSBC completing the quartet. The geographic split by HQ is 10 for North America, 8 for Asia and 11 for Europe but if you were to allocate according to main region of operation there would be some changes. It is interesting to compare with the original G-SIB list published 12 years ago which was also 29 names long but had 17 European banks on the list (including in the UK both Lloyds and RBS). It certainly shows that in big picture terms that many European banks have reduced their overseas operations in response to regulatory changes and/or political pressure to return capital to their home jurisdiction for domestic lending. #GSIBs #globaleconomy #bankregulation #FSB #PRA

Younger retail investors in #Singapore are turning to #gold, in particular the younger crowd looking at #digital gold investments. ✅ OCBC 1/6 of all digital investments are in #preciousmetals A need to educate them.... #commodities #premiums #physical

As a prominent international financial centre with diverse investors and ample liquidity, Hong Kong holds significant appeal for companies looking to list overseas, especially for any Saudi Arabian business looking to expand into Mainland #China or the #ASEAN bloc. The latest report by CCB International Capital Limited (www.ccbintl.com.hk/English) and the #HKTDC delves into the factors driving Middle East companies to seek overseas listings – including wider funding sources and greater market access while showing why Hong Kong is the preferred destination. Read the full report here: https://bit.ly/3wavjAQ