Five of the top 10 largest banks in the world are from China | Daily FT

Industrial & Commercial Bank of China is the largest with almost $ 5 t in total assetsChina’s banking system can trace its roots back all the way back to the tenth century Song dynasty. Since then Chinese society and politics have changed significantly, going through several cultural and political upheavals in its history. China’s banking system as we know it today is the most robust and largest banking system in the world. According to data presented by, five of the top 10 banks in the world come from China, with the largest being the Industrial & Commercial Bank of China…

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