How scale and ownership are related to financial performance? A productivity analysis of the Chinese banking sector

Journal of Economic Structures

The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 1 The 14 key commercial banks in China

Category	Name of banks	Year established	Year listed
State-owned commercial banks	Agricultural Bank of China (ABC)	1951	2010
	Bank of China (BOC)	1905	2006
	China Construction Bank (CCB)	1954	2005
	Industrial and Commercial Bank of China (ICBC)	1984	2006
Nationwide joint-stock commercial banks	Bank of Communication (BC)	1908	2005
	China Merchants Bank (CMB)	1987	2002
	China Minsheng Banking Corporation (MSB)	1996	2000
	Shanghai Pudong Development Bank (SPD)	1993	1999
	China CITIC Bank (CITIC)	1987	2007
	China Everbright Bank (CEB)	1992	2010
	Hua Xia Bank (HXB)	1992	2003
	Industrial Bank (IB)	1988	2007
	Shenzhen Development Bank (SZD)	1987	1991
	Guangdong Development Bank (GDD)	1988	Not listed

Sources: the banks’ financial reports (1993–2011); the Almanac of Chinese Finance and Banking (1994–2011); the China Banking Regulatory Commission’s website (http://www.cbrc.gov.cn/english/index.html)
The nationwide joint-stock banks are not private banks. Instead, their shareholders are different companies (most are still state-owned companies) rather than the central government and can conduct business across the entire country