INDUSTRIAL AND COMMERCIAL BANK OF CHINA (ICBC)

Industrial and Commercial Bank of China Limited (ICBC) is the largest bank in the world by total assets, deposits, loans, number of customers and number of employees. ICBC was simultaneously listed on both the Hong Kong Stock Exchange and Shanghai Stock Exchange on October 27, 2006. It was the world’s largest IPO at that time, raising $21.9 billion and surpassing the previous record of $18.4 billion IPO by Japan’s NTT DoCoMo in 1998. As of 2006, ICBC has 2.5 million corporate customers and 150 million individual customers. As of December 2017, it had assets worth $4.9 trillion. HSBC ranks number 1 in The Banker’s Top 1000 World Banks ranking, and first on the Forbes Global 2000 list of the world’s biggest public companies. Bonus Fun Fact: The four largest banks are all headquartered in China; ICBC, China Construction Bank Corporation, Agricultural Bank of China, and Bank of China. JP Morgan Chase and Co., is the largest U.S. Bank and ranks number 6 in the world.