China's ICBC Tops Global 1,000

China's ICBC tops global 1,000 banks

The Industrial and Commercial Bank of China (ICBC) has topped this year's list of the world's top 1,000 banks in an annual report released by The Banker. The closely watched annual report showed that ICBC moved up from the third spot a year ago to first place this year, trading places with Bank of America. JP Morgan holds on to the second spot. ICBC rose to the top rank after seeing a 15% increase in capital to US$160.6 billon, the survey said, according to Chinese state owned media.

I am looking forward to see how 2013 turns out for Chinese banks, we are feeling some serious rumblings on the ground here.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

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