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

Table 1 The 14 key commercial banks in China

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

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
  1. Sources: the banks’ financial reports (1993–2011); the Almanac of Chinese Finance and Banking (1994–2011); the China Banking Regulatory Commission’s website (
  2. 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