The top four positions in terms of assets, with a total of US $ 11.54 trillion, are occupied by banks of China. The four banks are: Industrial & Commercial Bank of China (ICBC), China Construction Bank (CCB), Agricultural Bank of China, Bank of China.
Meanwhile, the US banks that managed to get into the top 10 positions are only JPMorgan Chase with assets of $ 2.35 trillion, and Bank of America for US $ 2.14 trillion. The rest are the Japanese Mitsubishi UFC, BNP Paribas and Credit Agricole of France, and HSBC Holdings of Britain.
The growing strength of China’s banking sector supports the increasingly important position of China in the global financial sector. The amount of assets allowed China to invest massively in the world and take over many strategic positions of the country or other countries. China’s bargaining position will also be higher, especially when funding becomes a topic of discussion.
Source of information: the S & P Global Market Intelligence
Source of information: the S & P Global Market Intelligence
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