# Industrial and Commercial Bank of China

> Chinese multinational banking company

**Wikidata**: [Q26463](https://www.wikidata.org/wiki/Q26463)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Industrial_and_Commercial_Bank_of_China)  
**Source**: https://4ort.xyz/entity/industrial-and-commercial-bank-of-china

## Summary  
The Industrial and Commercial Bank of China (ICBC) is a Chinese multinational banking company and one of the largest banks globally by total assets. Headquartered in Beijing, it operates as a public company listed on the Shanghai and Hong Kong Stock Exchanges. ICBC provides comprehensive financial services, including commercial banking, and plays a critical role in China's financial sector.  

## Key Facts  
- Founded on January 1, 1984.  
- Headquartered in Beijing, People's Republic of China.  
- Publicly traded on the Shanghai Stock Exchange (inception: 1990) and Hong Kong Stock Exchange (established in 1891).  
- Subsidiaries include ICBC (Asia), ICBC Turkey Bank, and ICBC (Macau).  
- Owned by the Ministry of Finance of the People's Republic of China and Central Huijin Investment.  
- Ranked in the Forbes Global 2000.  
- 2023 revenue: $668.733 billion; net profit: $317.685 billion.  
- Total assets: $22.20978 trillion (2023).  
- Employees: 453,048 (2023).  
- Website: https://www.icbc-ltd.com.  
- Affiliated with Jiang Jianqing, a Chinese businessman and former executive.  

## FAQs  
**Q: Where is ICBC headquartered?**  
A: ICBC is headquartered in Beijing, the capital city of the People’s Republic of China.  

**Q: When was ICBC founded?**  
A: ICBC was founded on January 1, 1984.  

**Q: What are ICBC’s major subsidiaries?**  
A: Key subsidiaries include ICBC (Asia), ICBC Turkey Bank, and ICBC (Macau), operating in Hong Kong, Turkey, and Macau, respectively.  

**Q: Who owns ICBC?**  
A: ICBC is owned by the Ministry of Finance of the People’s Republic of China and Central Huijin Investment.  

**Q: Where is ICBC listed on stock exchanges?**  
A: ICBC is listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange.  

**Q: What are ICBC’s financial highlights?**  
A: As of 2023, ICBC reported $668.733 billion in revenue, $317.685 billion in net profit, and $22.20978 trillion in total assets, with 453,048 employees globally.  

## Why It Matters  
ICBC is a cornerstone of China’s financial system, driving economic growth domestically and internationally. As one of the world’s largest banks, it influences global finance, supports trade, and provides critical financial services to individuals, corporations, and governments. Its scale and government ties make it a key player in China’s economic policies and international trade initiatives.  

## Notable For  
- Largest bank globally by total assets (2023).  
- Government-owned structure with strategic ties to China’s economic development.  
- Extensive global network spanning Asia, Europe, and the Americas.  
- Consistently ranks among the top public companies in the Forbes Global 2000.  
- Diversified services, including commercial banking, investment, and asset management.  

## Body  

### History & Structure  
ICBC was founded on January 1, 1984, as a commercial bank in Beijing. It evolved into a multinational entity through strategic expansions and acquisitions. The bank is a public company listed on the Shanghai Stock Exchange (established in 1990) and the Hong Kong Stock Exchange (founded in 1891), reflecting its dual domestic and international focus.  

### Ownership & Governance  
ICBC is majority-owned by the **Ministry of Finance of the People’s Republic of China** and **Central Huijin Investment**, a state-owned investment company. This ownership structure underscores its role as a financial institution aligned with China’s economic strategies.  

### Subsidiaries & Global Presence  
ICBC operates through subsidiaries such as:  
- **ICBC (Asia)**: Established in 2001, headquartered in Hong Kong.  
- **ICBC Turkey Bank**: Founded in 1986, serving Turkey’s financial sector.  
- **ICBC (Macau)**: Incorporated in 1972 under Portuguese Macau, now a key player in Macau’s banking industry.  
These subsidiaries extend ICBC’s reach across Asia, Europe, and emerging markets.  

### Financial Performance  
ICBC’s financial scale is unparalleled:  
- **Total Assets**: $22.20978 trillion (2023), $33.345058 trillion (2022).  
- **Revenue**: $668.733 billion (2023), $800.075 billion (2022).  
- **Net Profit**: $317.685 billion (2023), $313.361 billion (2022).  
- **Employees**: 453,048 (2023), reflecting its status as a major global employer.  

### Stock Exchanges & Listings  
ICBC is listed on:  
- **Shanghai Stock Exchange** (inception: 1990), China’s primary stock exchange.  
- **Hong Kong Stock Exchange** (established in 1891), offering access to international investors.  

### Leadership & Affiliations  
ICBC has been affiliated with **Jiang Jianqing**, a prominent Chinese businessman and former executive. The bank’s leadership aligns with China’s financial governance framework, ensuring compliance with national and international regulations.  

### Recognition & Rankings  
ICBC is a consistent member of the **Forbes Global 2000**, a ranking of the world’s top public companies. Its inclusion highlights its economic impact, profitability, and market dominance.  

### Role in the Financial Sector  
As a **commercial bank** and **financial institution**, ICBC provides services such as corporate banking, retail banking, and investment management. It is integral to China’s **financial sector**, supporting infrastructure projects, small businesses, and individual consumers.  

### Headquarters & Operations  
ICBC’s headquarters in **Beijing** positions it at the heart of China’s political and economic decision-making. Its operations span the **People’s Republic of China** and over 40 countries, reinforcing its role as a global financial intermediary.  

### Historical Context  
ICBC’s founding in 1984 coincided with China’s economic reforms, which transitioned the country toward a market-oriented economy. The bank’s growth mirrors China’s rise as a global economic power, with ICBC financing key initiatives such as the Belt and Road Initiative.  

### Related Entities  
- **Australian Securities Exchange**: Though not directly linked, ICBC’s global peers include institutions like the ASX, which operates Australia’s primary securities exchange.  
- **Talleres de Córdoba**: No direct affiliation, though ICBC’s international clients may include multinational corporations with diverse interests.  

### Economic Impact  
ICBC’s financial services contribute to **economics of banking** studies, illustrating the role of state-owned banks in emerging markets. Its operations influence **financial services** trends, including digital banking and cross-border finance.  

### Conclusion  
ICBC’s unparalleled scale, government backing, and global network solidify its position as a leader in the financial sector. Its financial performance, strategic subsidiaries, and alignment with China’s economic goals ensure its continued influence in both domestic and international markets.

## References

1. [Source](http://v.icbc.com.cn/userfiles/Resources/ICBCLTD/download/2016/2015en.pdf)
2. Open ISNI for Organizations
3. Virtual International Authority File
4. CiNii Research
5. [Source](https://www.forbes.com/companies/icbc/?list=global2000#121e2d311679)
6. [Source](https://www.hkex.com.hk/eng/invest/company/profile_page_e.asp?WidCoID=1398&WidCoAbbName=&Month=&langcode=e)
7. [Source](https://www.hkex.com.hk/eng/invest/company/profile_page_e.asp?WidCoID=4603&WidCoAbbName=&Month=&langcode=e)
8. [Source](https://www.hkex.com.hk/eng/invest/company/profile_page_e.asp?WidCoID=4604&WidCoAbbName=&Month=&langcode=e)
9. [Source](https://www.asx.com.au/asx/share-price-research/company/ICB)
10. Freebase Data Dumps. 2013
11. [Source](https://www.forbes.com/companies/icbc/)
12. [Source](http://v.icbc.com.cn/userfiles/Resources/ICBCLTD/download/2021/2020AnnualReport.pdf)
13. Google Knowledge Graph
14. GRID Release 2021-03-25
15. Aligned ISNI and Ringgold identifiers for institutions
16. ROR Data Dump 8.0 (April 2021)
17. Name Suggestion Index
18. YouTube API