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Global Finance’s ranking includes all 25 Chinese banks that are rated by at least one of the three major credit-rating agencies.
CHINA’S BANKS: AA TO BB
Chinese banks run the gamut, from some of the safest in the world to those with ratings deep in sub-investment-grade territory.
The two strongest banks, China Development Bank and Agricultural Development Bank of China, feature in our Global 50 Safest Banks ranking (at 47th and 49th). Export-Import Bank of China narrowly misses placing in the Global 50. We name a further five Chinese banks in our Emerging Markets 50 Safest Banks ranking.
These eight hold ratings in the AA or A range. Below them are four banks that hold ratings in the BBB range. After those come nine banks whose aggregate ratings are on or just below the investment-grade/sub-investment-grade divide, and finally there are four banks with much lower, sub-investment-grade ratings.
Ten of the banks have ratings from all three agencies, six are rated by two, and the remaining nine hold a single rating. When scoring these banks we use the same methodology that we use for scoring our country-by-country list.
Our ranking of Chinese banks sets no minimum asset size for eligibility, since we want to capture all rated Chinese banks. However, in practice, even the smallest bank, Bank of Suzhou, falls comfortably among the largest 500 banks in the world.
Safest Banks in China 2017 |
|||||||
---|---|---|---|---|---|---|---|
Rank |
Group Name |
Ratings |
Total Score |
Assets ($mn) |
Statement Date |
||
Fitch |
Moody’s |
S&P |
|||||
1 |
China Development Bank |
A+ |
A1 |
AA- |
19 |
1943930 |
12/31/15 |
2 |
Agricultural Development Bank of China |
A+ |
A1 |
AA- |
19 |
644401 |
12/31/15 |
3 |
Export-Import Bank of China |
A+ |
A1 |
AA- |
19 |
479776 |
12/31/16 |
4 |
Industrial and Commercial Bank of China |
A |
A1 |
A |
16 |
3473088 |
12/31/16 |
5 |
China Construction Bank |
A |
A1 |
A |
16 |
3016447 |
12/31/16 |
6 |
Bank of China |
A |
A1 |
A |
16 |
2611426 |
12/31/16 |
7 |
Agricultural Bank of China |
A |
A2 |
A |
15 |
2815917 |
12/31/16 |
8 |
Bank of Communications |
A |
A2 |
A- |
14 |
1209123 |
12/31/16 |
9 |
China Merchants Bank |
BBB |
Baa1 |
BBB+ |
8 |
855033 |
12/31/16 |
10 |
Shanghai Pudong Development Bank |
BBB |
Baa2 |
BBB |
6 |
842796 |
12/31/16 |
11 |
China Everbright Bank |
BBB |
Baa2 |
N/R |
5 |
578440 |
12/31/16 |
12 |
China CITIC Bank |
BBB |
Baa2 |
N/R |
5 |
853413 |
12/31/16 |
13 |
China Minsheng Banking |
BB+ |
N/R |
BBB |
0.5 |
848352 |
12/31/16 |
14 |
Ping An Bank |
BB+ |
Baa2 |
N/R |
0.5 |
424967 |
12/31/16 |
15 |
Bank of Shanghai |
N/R |
Baa3 |
N/R |
0 |
223164 |
12/31/16 |
16 |
Bank of Nanjing |
N/R |
Baa3 |
N/R |
0 |
152816 |
6/30/16 |
17 |
Bank of Ningbo |
N/R |
Baa3 |
N/R |
0 |
125448 |
6/30/16 |
18 |
Shanghai Rural Commercial Bank |
N/R |
N/R |
BBB- |
0 |
102,296 |
12/31/16 |
19 |
Bank of Chongqing |
N/R |
N/R |
BBB- |
0 |
53,690 |
12/31/16 |
20 |
Industrial Bank |
BB+ |
Baa3 |
N/R |
-1 |
875694 |
12/31/16 |
21 |
China Guangfa Bank |
BB+ |
Baa3 |
N/R |
-1 |
294626 |
12/31/16 |
22 |
Hua Xia Bank |
BB+ |
N/R |
N/R |
-6 |
339036 |
12/31/16 |
23 |
Bank of Beijing |
BB+ |
N/R |
N/R |
-6 |
304518 |
12/31/16 |
24 |
China Zheshang Bank |
N/R |
Ba1 |
N/R |
-6 |
177861 |
6/30/16 |
25 |
Bank of Suzhou |
N/R |
Ba2 |
N/R |
-9 |
35558 |
12/31/16 |