Top 10 Largest Banks in China – Starting Your Corporate Account

In today’s dynamic business environment, selecting the right bank account for your enterprise is a decision of paramount importance. Whether you’re setting up a fledgling startup or operating a well-established multinational corporation, your choice of bank becomes a critical step post your business registration in China. This article navigates through the top 10 largest banks in China and furnishes a comprehensive guide on embarking upon your journey with a corporate account in these institutions.

The Top Five Chinese Banks

China’s banking sector is robust and extensive, with five banks standing out due to their size, range of services, and international reach. Here’s a brief overview of each with their official websites:

  1. Industrial and Commercial Bank of China (ICBC)
    • Introduction: As one of the largest banks in the world by assets, ICBC offers comprehensive financial services including corporate banking, personal banking, and much more.
    • Official Website: ICBC Official Website
  2. China Construction Bank (CCB)
    • Introduction: As one of China’s leading commercial banks, CCB offers a wide array of financial products and services.
    • Official Website: CCB Official Website
  3. Bank of China (BOC)
    • Introduction: Known for its internationalization and diversification, BOC has branches across multiple countries and regions.
    • Official Website: BOC Official Website
  4. Agricultural Bank of China (ABC)
    • Introduction: ABC offers comprehensive services in agriculture, commerce, industry, and personal banking.
    • Official Website: ABC Official Website
  5. Bank of Communications (BoCom)
    • Introduction: As one of the oldest banks in China, BoCom offers a range of financial services including corporate banking.
    • Official Website: BoCom Official Website

Foreign Banks Registered in China

In addition to local banks, numerous international banks have established branches in China, offering comprehensive financial services to businesses. Here are five renowned foreign banks registered in China:

  1. HSBC
    • Introduction: A global bank providing a vast range of financial services including corporate banking.
    • Official Website: HSBC Official Website
  2. Citibank
    • Introduction: A global bank offering a diverse range of financial services including corporate banking services.
    • Official Website: Citibank Official Website
  3. Standard Chartered
  4. Deutsche Bank
  5. Bank of East Asia

The Process of Setting Up Your Corporate Account

After choosing the right bank, the next step is to set up your corporate account. Generally, this process involves the following steps:

  1. Prepare Necessary Documents and Information: This typically includes your company’s business license, organizational code certificate, tax registration certificate, and more.
  2. Fill Out the Account Opening Application Form: Visit the bank to fill out the relevant account opening application form along with other necessary documents.
  3. Submission for Review: The bank will review the documents and information submitted.
  4. Completion of Account Opening: Once approved, you will obtain your corporate bank account and can commence your business activities.

Characteristics of the Top Ten Banks in China

Understanding the unique characteristics of China’s top ten banks can provide significant insights into making the right choice for your corporate banking needs. Each bank has its own strengths and specializations that can align with different business requirements. Here’s a snapshot of what sets these banks apart:

  1. Industrial and Commercial Bank of China (ICBC): Known for its massive global network and assets, ICBC is the go-to bank for comprehensive international trade services and large-scale financing.
  2. China Construction Bank (CCB): CCB excels in providing construction and infrastructure-related financial services, making it an ideal choice for businesses in these sectors.
  3. Bank of China (BOC): With its strong international presence, BOC is well-equipped to handle cross-border transactions and offers a wide range of foreign currency services.
  4. Agricultural Bank of China (ABC): ABC is the preferred bank for agricultural and rural development financing, offering specialized services for businesses in the agricultural sector.
  5. Bank of Communications (BoCom): Known for its innovative financial products, BoCom is a good choice for businesses looking for tailored financial solutions.
  6. HSBC: As a global banking giant, HSBC offers unparalleled international banking services, making it a top choice for multinational corporations.
  7. Citibank: With a strong focus on corporate banking, Citibank offers sophisticated treasury and trade solutions to meet the complex needs of modern businesses.
  8. Standard Chartered: This bank is known for its strong trade finance capabilities and extensive network across Asia, Africa, and the Middle East.
  9. Deutsche Bank: A leading global bank, Deutsche Bank offers cutting-edge financial and advisory services, particularly in investment banking.
  10. Bank of East Asia: Specializing in SME banking, Bank of East Asia provides personalized services and understands the unique needs of small and medium-sized enterprises.

By analyzing the distinct features and strengths of these banks, businesses can better align their banking choices with their specific financial requirements and growth ambitions.


Navigating through the complexities of corporate banking in China can be a daunting task. However, armed with the right information and support, the process can be streamlined and efficient. The key lies in choosing a banking partner that aligns with your business needs and offers the right blend of local insight and international expertise. At GWBMA, we understand the nuances of corporate banking in China and are committed to offering personalized and comprehensive support to ensure a smooth and successful banking experience. Embark on your corporate banking journey with confidence, knowing that GWBMA is with you every step of the way.

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