China

China has the world's largest banking system, with banking institutions holding RMB 498tn of assets at end-June 2026, up 6.6% year on year. The six large state-owned commercial banks (ICBC, Agricultural Bank of China, China Construction Bank, Bank of China, Bank of Communications and Postal Savings Bank of China) held RMB 221.6tn, about 45% of the total, and grew faster than the system at 8.5%. Joint-stock banks, city commercial banks, rural financial institutions, policy banks and foreign banks make up the remainder, with 3,619 legal entities at end-2025.