Chinese Banks' Asset Size Doubles That of US Rivals
According to S&P Global Market Intelligence data from April 2026, the total assets of China's four largest banks reached $26.62 trillion, surpassing the combined assets of the five largest US banks.
According to data published by S&P Global Market Intelligence in April 2026, Chinese institutions occupied the top four spots in the ranking of the world's largest banks. While the total assets of China's four largest banks reached $26.62 trillion, the total assets of the five largest US banks remained at $14.41 trillion.
In the ranking, the Industrial and Commercial Bank of China (ICBC) took first place with $7.65 trillion in assets, followed by the Agricultural Bank of China with $6.97 trillion, China Construction Bank with $6.52 trillion, and the Bank of China with $5.48 trillion. JPMorgan Chase, the largest bank in the US, ranks fifth with $4.42 trillion in assets.
The difference between the total assets of the four Chinese banks and the five US banks reached $12.21 trillion. Meanwhile, the Beijing administration announced in March 2026 that it planned to issue 300 billion yuan in special government bonds to strengthen the capital of ICBC and the Agricultural Bank of China.