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<title>China now has 7 of world&#x26;#x2019;s 10 biggest banks as Beijing&#x26;#x2019;s financial ambitions grow</title>
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<description>China&#x26;#x27;s &#x26;#x27;big four&#x26;#x27; banks took the top spots in The Banker&#x26;#x27;s latest global ranking, with JPMorgan Chase following in fifth place China&#x26;#x27;s &#x26;#x22;big four&#x26;#x22; state-run banks are the largest in the world in terms of asset scale, a new report has found, underscoring Beijing&#x26;#x27;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...</description>
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