Recently, China Banking Association released the list of “Top 100 Chinese Banks” in 2023. With leading advantages in operating strength, operating efficiency, asset quality, etc., Industrial and Commercial Bank of China (“ICBC”) ranked first on the list for the eighth consecutive year.

In 2022, ICBC adhered to the general principle of pursuing progress while ensuring stability and continued to demonstrate the feature of “strong, excellent, large and distinctive”. It maintained a good balance in value creation, market position, risk control, and capital constraint.

Initiated by China Banking Association, the list of “Top 100 Chinese Banks” has been released for eight consecutive years since 2016. The ranking of this year is based on the annual report data of banks, lists the top 100 commercial banks in the order of net core tier 1 capital, and displays their operation scale, profitability, operating efficiency, asset quality, etc. It covers all types of commercial banks and has included foreign-funded banks for the first time, reflecting the market structure of the Chinese banking industry more comprehensively.