What banks are in China?

They include the Industrial & Commercial Bank of China, the China Construction Bank, the Agricultural Bank of China, and the Bank of China, holding more than $19.87 trillion in combined assets. China's financial institutions are controlled by the government through the People’s Bank of China (PBOC).

Why did Chinese bank stocks rise?

Chinese bank stocks rose after a state fund raised its stakes in the country’s four biggest banks, boosting hopes that Beijing will step up efforts to support the economy. Copyright © 2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

What is the largest bank in China?

China's largest banks are the Industrial & Commercial Bank of China, the China Construction Bank, the Agricultural Bank of China, and the Bank of China. Bank managers in China are appointed by the Chinese Communist Party (CCP), and the People’s Bank of China (PBOC) is subject to political control by the State Council. 1.