The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Awards for excellence - China

Best bank:

Bank of China


Best equity house:

China International Capital Corporation


Over the past 12 months a lot of noise has been coming out of China. It is now commonly understood that for the People's Republic to realize its enormous economic potential there will have to be serious structural reform. The financial sector has come under intense scrutiny. To change the banks is a major task. These are large institutions employing large numbers of workers. ICBC for example, China's largest bank and last year's winner, has 500,000 employees. Trying to get such monstrous institutions to start thinking about the bottom line will take time.


The banks' quality of assets and non-performing loans receive the most attention. But perhaps most worrying is that nobody really knows how big the problems are. A single number is not enough to encapsulate them. Policy loans made 15 years ago are no longer traceable, and loans that were made only six months ago have in many cases quickly turned bad.


The best bank in China this year is, like the other banks in the country, suffering asset-quality problems, but Bank of China is further down the road than others as it struggles to introduce effective risk and credit management systems.





You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree