Posted on 07/10/2026 3:15:56 PM PDT by delta7
China's 'big four' banks took the top spots in The Banker's latest global ranking, with JPMorgan Chase following in fifth place China's "big four" state-run banks are the largest in the world in terms of asset scale, a new report has found, underscoring Beijing's rising ambitions to build the country into a global financial powerhouse. The ranking released by The Banker magazine on Wednesday was topped by the four Chinese banks - Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China and Bank of China - with JPMorgan Chase following in fifth place. Chinese banks collectively held US$54.8 trillion in total assets, more than double the US$25 trillion held by US banks in the ranking, data showed. However, the race is not only about size, as US banks continue to hold the advantage in terms of profitability. Chinese banks in the top 1,000 ranking reported combined pre-tax profits of US$392 billion, compared with US$328 billion for US banks....
(Excerpt) Read more at msn.com ...
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Oh. So communism does work?
Yep. Do these banks hold the debt of the Chinese ghost cities?
“Oh. So communism does work?”
____________________________________________________________
China has long since turned into a “mixed economy.” That’s why there are Chinese billionaires.
We all know you have a bad case of TDS.
Back away from the keyboard.
Chinese billionaires are tools of the CCP. How stupid are you?
Big banks is not really a good thing as we found out about too big to fail.
Wasn’t China basically a barter economy before mochtar riady hooked up with billy jeff?
IBTG/CF
I never believe a thing from China
No they have not. Any “Chinese ‘billionaire’” is a Party elite.
The wealth is moving back from the East to the West. Mainly to the US. These banks are all state owned, over leveraged, ticking time bombs. Like their real estate companies, one infection kills them all.
You brain may be completely adequate and functional. You chose to be stupid.
That's infinitely worse than being born stupid.
How much in toxic assets (eg ghost cities) do those Chinese banks have on the books? I know they have a LOT.
Get with it or stop posting.
Hey, Rooster! I hope you know that you posted this to yourself. It makes you look like you are the stupid one. Not that I’m saying you are, but either you have made a mistake or I’m missing something.
How bout you? Are you perfect?
“No they have not. Any “Chinese ‘billionaire’” is a Party elite.”
___________________________________________________________
Of course billionaire’s are “Party Elite.” All billionaires are when it’s in their own economic interest to be so. Even Jack Ma.
That doesn’t change the basic fact that China is not a rationed, command economy as it was under Mao. That’s also why we have high tariffs on Chinese electric cars, since they’re able to produce them at a fraction of our costs.
My point is that TDS is a mental illness. I hope you don’t have it. Bob Will is Still the King does.
The last time I asked myself if I was suffering from TDS was never. I support our President, voted for him twice, and donated to his campaign.
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