Which of the five largest banks that China does not allow to fail will not fail

Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), Bank of China (BOC), China Construction Bank (CCB) and Bank of Communications (BOCOM) are the five major banks supervised by the Ministry of Finance and Huijin, representing China's most powerful financial capital force. This is very important for our financial system. The main reason these banks are not allowed to fail is that they are the backbone of China's banking sector and state-owned banks.

Banks are one of the most important components of the financial system and the cornerstone of the financial system. If there is liquidity risk in the banking system, it will have a significant impact on the financial system as a whole. Therefore, the security of large banks is very important.

These five banks maintain the overall system of China's banking industry and are related to the development of the country, economy and society. Even in the event of difficulties in operation, the state will do its best to carry out the rescue. China's domestic commercial banks are allowed to go bankrupt, so the deposit risk of small commercial banks will also increase.

China's five largest banks have large assets and a high proportion of the banking and financial system, which is crucial to the security of the financial system. If the assets of the Big Five banks are at risk, it will have a significant impact on the financial system, which will affect the safety of the financial system. Therefore, the security of the assets of the five banks is very important.

China's five largest banks are the cornerstone of China's financial system. The financial structure is based on the Big Five. The development of the financial business of the five major banks will affect the development direction of the financial system.

The development of the five major banks can lead the development of financial business and jointly move towards the goal of comprehensive, international and modern commercial banks. The development direction of the five major banks can be seen from the future development direction of China, which can provide reference for the business development of other financial institutions. In the future, other banks can adjust according to the strategic direction of the five major banks and follow the trend of financial development.

Therefore, not only will the big five banks in China not fail, but on the contrary, they will have the full support of the state.

The five major banks that are prohibited from failing in the country are Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, and Bank of Communications.

and the Bank of China. The main reason for the failure of these banks is that these banks are the backbone of China's banking industry and state-owned banks. These five banks maintain the overall system of China's banking industry. China's commercial banks are allowed to fail and go bankrupt, so there is a risk of deposits in general small commercial banks.

It will also increase. Extended Material: State-Owned Banks.

State-owned banks, i.e., state-owned banks, refer to large banks under the direct control of the state (Ministry of Finance, ** Huijin Company).

State-owned banks include: large state-owned banks (Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, Postal Savings Bank of China.

and the China Development Bank.

The Export-Import Bank of China, Bank of China, Agricultural Development Bank of China.

Introduction to the functions of the banking system.

**Bank means the People's Bank of China.

Its main functions are to formulate and implement monetary policy and to guide the activities of financial institutions.

Direction, management and supervision are the stewards of the entire banking system. I think the banking system regulator refers to the CBRC and self-regulatory organizations.

It is the China Banking Association. These two organizations are different in nature, but they have similar basic functions and aim to regulate the financial mechanisms of the entire banking industry. In order to build a healthy development, supervise the central bank.

Implement various financial policies and make corresponding recommendations. Then there are banking financial institutions, including all kinds of banks and non-bank financial institutions, that is, the entire bank in our country. These institutions are responsible for the implementation of the system and the country's fiscal policy. Banks are indispensable to the banking system.

The main body is the basic component.

Introduction to the role of the bank.

The role of banks is mainly manifested in two aspects.

Allocating funds to the places where they are needed so that they can be effectively flowed and used rationally has played a great role in promoting economic construction. This bank is more like an intermediary for loans. Banks, on the other hand, have a payment settlement function.

The basic intelligence of commercial banks is credit intermediary and payment intermediary, which involves credit creation and financial services, and carries out currency down payment settlement services for manufacturers and merchants. China's banking system is a sound financial system, and the division of labor and cooperation among various institutions will certainly play a positive role in promoting the construction of the national economy. Therefore, understanding the banking system and banking functions can be.

Hello, according to the Commercial Banking Law and the Deposit Insurance Regulations, all commercial banks in China are currently allowed to fail. The five major banks in the traditional sense refer to the establishment of diplomatic relations between workers and peasants. The five major banks now refer to the Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of China, the China Construction Bank, and are also state-owned commercial banks.

Bank of Communications is also a state-owned commercial bank, but there are no branches in many cities across the country.

At present, the banks that China does not allow to fail are state-owned banks. That is, the Bank of China, the Construction Bank, the Agricultural Bank of China, the Industrial and Commercial Bank of China, the Bank of Communications and the Postal Savings Bank. Because these six major banks are related to the country's economic lifeline and affect the national economy and people's livelihood, they are absolutely not allowed to fail.

The five major banks refer to the five major banks of the Industrial and Agricultural Bank of China, namely the Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of China, the Bank of Communications, and the China Construction Bank. The five major banks, as well as the Postal Savings Bank of China, were merged to form the Big Six banks. The five major banks are supervised by the Ministry of Finance and ** Huijin Company, which are related to the national economy and economic and social development, so they will not go bankrupt.

Bank of China, Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, People's Bank of China.

China is not talking about the five major banks that are not allowed to fail, but saying that Chinese banks generally do not fail, but will only be restructured or acquired.

Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications.

These five major banks are directly controlled by the Ministry of Finance of the People's Republic of China, and the strength behind them is very strong, and with the financial resources of the state behind them, the possibility of bank failure and bankruptcy is naturally very small. Therefore, the customer keeps the money in a state-owned bank, which is very safe, and the interest rate is relatively high.

In fact, there is no such thing as not allowing closure. Banks that the state generally does not fail are naturally state-owned banks. In China, China's four major banks, namely the Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of China, and the China Construction Bank, are state-owned and generally do not fail.

Extended information: 1. Generally speaking, a bank can only be declared bankrupt if it meets the following three conditions:

1. Commercial banks are unable to pay off their debts as they fall due.

That is, if a commercial bank fails to repay the principal and interest of the deposit in a timely manner as agreed with the depositor, and loses its ability to operate normally, that is, the total assets of the commercial bank cannot underpay its total debts, then the commercial bank has reached the bankruptcy limit prescribed by law.

2. Review and approval by the banking regulatory authority.

This is determined by the special status of commercial banks and the regulation of the financial industry. If the banking regulatory authority deems that it can take measures to help the commercial bank tide over the crisis, it will declare a receivership; Otherwise, the bankruptcy of the commercial bank is agreed.

3. A commercial bank shall be declared bankrupt by the people's court.

That is, the power of the commercial bank is declared to belong to the people's court. No other unit or individual has declared a commercial bank bankrupt.

Only when a commercial bank meets the above three conditions can it declare bankruptcy.

2. The People's Bank of China (PBOC) released the 2013 China Financial Stability Report, stating that all the conditions for the establishment of a deposit insurance system have been met, and an internal consensus has been reached, and it can be introduced and organized at the right time.

In popular terms, the state no longer covers depositors' deposits in commercial banks, and allows banks to go bankrupt and fail, and once a bank goes bankrupt, depositors' deposits will be compensated by the deposit insurance institution, but the compensation is limited.

According to the information disclosed so far, the maximum compensation amount for depositors in a single bank may be 500,000 yuan, and the part of the deposit that exceeds this limit will not be compensated. According to the limit of 500,000 yuan planned by the central bank, after the implementation of the deposit insurance system, if the depositor's deposit in a single bank is not more than 500,000 yuan, in the event of the bank's bankruptcy, the depositor will receive full compensation equal to the actual deposit amount; If the deposit exceeds 500,000 yuan, the maximum compensation is 500,000 yuan, and the excess part may not be paid, or as in the United States and Taiwan, a certain percentage of the compensation will be paid.

In addition, it is not clear whether the amount of coverage for limit insurance will include the principal and interest, or only the principal.

The six major banks that are not allowed to fail are: Bank of Communications, Bank of China, Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, and China Merchants Bank.

Bank of Communications, founded in 1908, is one of the six largest banks in China and one of the oldest banks in China. Bank of China, officially established on February 5, 1912, is the only bank in China that has been in continuous operation for more than 100 years, and it is also the most international and diversified bank in China.

Industrial and Commercial Bank of China was established on January 1, 1984. The head office is located at No. 55, Fuxingmennei Street, Beijing, and is a large state-owned bank managed by the first state. At present, the basic task of the Industrial and Commercial Bank of China is to raise social funds through financing activities at home and abroad in accordance with the laws and regulations of the state, strengthen the management of credit funds, support the production and technological transformation of enterprises, and serve China's economic construction.

Agricultural Bank of China was established in 1951. The head office is located at No. 69, Jianguomen Nei Street, Beijing, which is a large state-owned bank managed by the first management and a national vice-ministerial-level unit. At present, it provides a variety of corporate banking and retail banking products and services, and also carries out financial market business and asset management business, and its business scope also covers investment banking, ** management, financial leasing, life insurance and other fields.

The last banks in China to fail should be state-owned.

1. State-owned banks refer to state-owned banks, including the six major state-owned banks (Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, Postal Savings Bank of China), China Development Bank, Export-Import Bank of China, and Agricultural Development Bank of China.

2. Compared with commercial banks, the probability of failure of state-owned banks is almost zero, after all, the backing of state-owned banks is the state, and their strength is very strong. So on the whole, it is safer to keep money in the bank, but if it is safer, then it is more reliable to choose a state-owned bank.

Extended information: China's banks are the least likely to fail.

1. Industrial and Commercial Bank of China; Industrial and Commercial Bank of China was established in 1984. As one of the largest commercial banks in China by assets, it has been ranked among the world's top 500 companies for several years. After more than 20 years of reform and development, ICBC has stepped into the track of coordinated development of quality, efficiency and scale.

At the end of 2003, the total assets were nearly 5.3 trillion yuan, accounting for nearly one-fifth of the total assets of China's domestic banking financial institutions.

2. Agricultural Bank of China; On January 15, 2009, Agricultural Bank of China was restructured from a wholly state-owned commercial bank to a joint-stock commercial bank, renamed as "Agricultural Bank of China Co., Ltd.", and completed the "A+H" dual listing in 2010, officially becoming a large listed bank, and the A+H share IPO of ABC raised US$22.1 billion worldwide, becoming the largest IPO in the world's history.

3. Bank of China; Bank of China is one of the oldest commercial banks in China, the full name of Bank of China is Bank of China Shares****, is one of the four major state-owned commercial banks in Chinese mainland (excluding Hong Kong, Macau, Taiwan, China), ranking third in terms of scale. The Bank of China was established on January 24, 1912 by order of Sun Yat-sen**.

4. China Construction Bank; China Construction Bank was established on October 1, 1954. The basic background of the establishment of CCB is that as the People's Republic of China began to implement the first five-year plan for the development of the national economy, large-scale economic construction centered on the construction of 156 key projects has been carried out throughout the country. China Construction Bank (CCB) is a state-owned commercial bank with medium and long-term credit business, headquartered in Beijing, with operations in China and major international financial centers.

CCB was ranked 29th in The Banker's 1,000 largest banks in the world and 5th in the 2017 Top 10 Banks in the World.

Summary. Dear, I'm glad to answer for you, the six major banks that are not allowed to fail are the Agricultural Bank of China, the Bank of China, the Industrial and Commercial Bank of China and the China Construction Bank, as well as the Bank of China and the Postal Savings Bank of China. The People's Bank of China is a constituent department, and there is absolutely no bankruptcy and bankruptcy.

Agricultural Bank of China Co., Ltd. is a state-owned joint-stock bank of the People's Republic of China.

Dear, I'm glad to answer for you, the six major banks that are not allowed to fail are the Agricultural Bank of China, the Bank of China, the Industrial and Commercial Bank of China and the China Construction Bank, as well as the Bank of Communications, and the Postal Savings Bank of China. The People's Bank of China is a leading department, and there is absolutely no bankruptcy in the digging gap. Agricultural Bank of China is a state-owned joint-stock bank of the People's Republic of China.

Banks are financial institutions established in accordance with the law to engage in monetary and credit business, and are pure products of the development of the commodity and monetary economy to a certain stage. Their responsibilities vary and can be divided into ** banks, commercial banks, franchise institutions, investment banks, and the World Bank.

It is known as a bank and is related to the economic development of our country.