Industrial and Commercial Bank of China

You can help expand this article with text translated from the corresponding article in Chinese. (May 2013) Click [show] for important translation instructions. View a machine-translated version of the Chinese article. Machine translation, like DeepL or Google Translate, is a useful starting point for translations, but translators must revise errors as necessary and confirm that the translation is accurate, rather than simply copy-pasting machine-translated text into the English Wikipedia. Consider adding a topic to this template: there are already 303 articles in the main category, and specifying|topic= will aid in categorization. Do not translate text that appears unreliable or low-quality. If possible, verify the text with references provided in the foreign-language article. You must provide copyright attribution in the edit summary accompanying your translation by providing an interlanguage link to the source of your translation. A model attribution edit summary is Content in this edit is translated from the existing Chinese Wikipedia article at [[:zh:中国工商银行]]; see its history for attribution. You may also add the template {{Translated|zh|中国工商银行}} to the talk page. For more guidance, see Wikipedia:Translation.

Industrial and Commercial Bank of China

ICBC head office in Beijing
Native name	中国工商银行 Zhōngguó Gōngshāng Yínháng[1]
Company type	Public State-owned
Traded as	SSE: 601398 (A ordinary) SEHK: 1398 (H ordinary) SSE: 360011 (CNY Preference) SEHK: 84602 (CNH Preference) SEHK: 4603 (US$ Preference) SEHK: 4604 (€ Preference) Hang Seng Component
ISIN	CNE1000003G1
Industry	Financial services
Founded	1984; 40 years ago (1984)
Headquarters	Beijing , China
Key people	Liao Lin, chairman and president
Products	Finance and insurance, consumer banking, corporate banking, investment banking, investment management, global wealth management, private equity, mortgage loans, credit cards
Revenue	CN¥725.12 billion $105.4 billion (2018)[2][3]
Operating income	CN¥369.32 billion $53.68 billion (2018)[2]
Net income	CN¥298.72 billion $43.42 billion (2018)[2]
AUM	CN¥6.9 trillion ≈ US$1.0 trillion (2022)[4]
Total assets	CN¥27.70 trillion US$4.02 trillion (2018)[5]
Total equity	CN¥2.33 trillion $338.7 billion (2018)[2]
Owner	Chinese Central Government (70.82% voting rights) – Central Huijin Investment Co., Ltd (34.71%)[6] – Ministry of Finance (34.60%) – China Securities Finance (1.23%) Temasek Holdings (2.44% voting rights) NSSF (2.43% voting rights) Others (24.31% voting rights)
Number of employees	434,798 (2022)[7]
Capital ratio	12.87% (CET1)[3]
Website	icbc.com.cn icbc-ltd.com/en icbc-us.com

The Industrial and Commercial Bank of China (ICBC; Chinese: 中国工商银行) is the largest bank in China and in the world, by total assets. ICBC was created on 1 January 1984 from what were then the commercial banking operations of the People's Bank of China. ICBC is majority-owned by the Chinese government and has remained so after its landmark initial public offering in 2006. As of end-2021, ICBC shareholders included Central Huijin Investment (34.7 percent), the Chinese Ministry of Finance (31.1 percent), the National Council for Social Security Fund (3.5 percent), adding up to 69.3 percent under the ultimate control of the Ministry of Finance.

ICBC became the world's largest bank by total assets in 2012 (based on year-end balance sheet) and has kept this rank ever since.^{[8][6][9][5][10]} It was ranked first on the Forbes Global 2000 list of the world's top public companies in 2015.^[11] On 31 December 2022, It was the third-largest bank in the world by market capitalization at $211 billion.^[12] It is one of the most profitable companies in the world, ranking fourth according to Forbes in 2022 .^[13] It has been designated a systemically important bank by the Financial Stability Board (FSB) since the start of the FSB's listing.

Several former employees of ICBC have moved on to work in prominent government positions in China. Notable ICBC alumni include China Securities Regulatory Commission Chairman Yi Huiman and People's Bank of China Governor Pan Gongsheng.