decided to have the PBC function as a central bank. The Law of the People's Republic of China has confirmed the PBC's central bank status in 1995.
Major functions of PBC
Some data about it



Revenue---$68.68billion(2009) Operating---$24.28billion(2008) Income---Net income(18.92 billion(2009)) Yotal assets---389,827(2009)

2006 .In the runup to its planned initial public offering, on 28
April 2006, three "strategic investors" injected US$3.7 billion into ICBC : 1.Goldman Sachs purchased a 5.75% stake for US$2.6 billion, the largest sum Goldman Sachs has ever invested 2.Dresdner Bank (a wholly owned subsidiary of Commerzbank) invested US$1 billion.[8] 3.American Express invested US$200 million.[8] 4.ICBC was simultaneously listed on both the Hong Kong Stock Exchange and Shanghai Stock Exchange on 27 October 2006. It was the world's largest IPO at that time valued at US$21.9 billion, surpassing the previous record US$18.4 billion IPO by Japan's NTT DoCoMo in 1998.
charge for foreign city's deposit
ICBC 1/1000 1RMB(min) 50RMB(max)
CCB
5/1000
1RMB(min)
50RMB(max)
BC
5/1000
1RMB(min)
50RMB9max)
ABC
5/1000
1rmb(min)
25RMB(max)
Charge for drawing money from ATM(同城异行）
History

2005 .The bank's Hong Kong operations are listed under
the name ICBC Asia. It has purchased the Hong Kong subsidiary of Fortis Bank and rebranded it under its own name on 10 October 2005


Other: The people's bank of China (PBC)
The major functions of the "Big Four"



ICBC---provide services for industry and commerce's financial credit business BC---foreign financial credit ABC--- provide conviniences for the development and exploitation of agriculture CCB---consider the basic investment in constructive industry as the main function






Tpye -------public company SEHK:1398 SSE:601398 Industry-----banking, financial services, investment services Founded----Beijing, China(1984) headquarters---Beijing Area served-----Worldwide Key people----Jiang jianqin(Chairman&Excutive director);Yang kaisheng(vice chairman,Excutive director&President)

Brief Introduce about ICBC

Industrial and Commercial bank of China Ltd.(ICBC)is the largest Bank of China's "Big Four" state-owned commercial banks .It was founded as a limited company on January 1,1984. After 21 years development, its total assets, total capital, core capital, operating profit and many indexes is the number one of the domestic industry in China's financial market . It ofen has the incomparable advantage:Rational layout of the marketing network, extensive and highquality customer base.As of March 2010, it had assets of RMB12.55 trillion (US$1.9 trillion), with over 18,000 outlets including 106 overseas branches and agencies globally. In 2011, it ranked number 7 on Forbes Global 2000 list of worlds biggest public companies.
China's big banks

China's "Big Four" state-owned commercial bank :
Bank of China(BC) Agricultural Bank of China (ABC) China Construction Bank(CCB) Industrial and Commercial bank of China(ICBC)




2008In August 2008, ICBC became the second
Chinese bank since 1991 to gain federal approval to establish a branch in New York City.[10] At the 2008 ALB China Law Awards, ICBC was crowned: In-House of the Year - Banking & Financial Services In-House Team of the Year In-House of the Year - China In-House Team of the Year 2010In 2010, ICBC loaned $400 million towards the completion of the Gibe III dam in Ethiopia. Groups that oppose the dam such as International Rivers and Survival International have complained about or have written to ICBC against the dam's funding.[11][12]
Products





finance and insurance consumer banking corporate banking investment banking investment management global wealth management private equity




(1) Formulating and implementing monetary policy according to the law; 依法制定和执行货币政策。 (2) Issuing the Renminbi and administering its circulation;发行人民币，管理人民币流通。 (3) Regulating financial markets, including the interbank lending market, the inter-bank bond market, foreign exchange market and gold market;监督管理银 行间同业拆借市场和银行间债券市场、外汇市场、 黄金市场。 (4) Preventing and mitigating systemic financial risks to safeguard financial stability; 防范和化解系统性金 融风险，维护国家金融稳定。