Editor's note

Updated: 2012-07-13 13:37

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As recently as a decade ago, Chinese banks barely registered on the financial Richter scale.

Today they are a formidable force and increasingly visible outside China as they help finance the global expansion of Chinese companies around the world.

Here are some of the major European branches of China's Big Four banks: Industrial & Commercial Bank of China Ltd (ICBC), China Construction Bank Corp (CCB), Bank of China Ltd (BOC) and Agricultural Bank of China Ltd (ABC).

Editor's note

Chinese banks' international charge:


Editor's note Developing global Chinese banks
China has become the second largest economy in the world, with increasing integration into the global economy. There is good reason to believe that the Chinese economy has reached a point where its status as the biggest export country will soon become the biggest in outbound direct investment.

Editor's noteEuropean network of Chinese banks grows
An emerging network of Chinese banks is gradually unfolding across the European continent, with corporate and private clients standing to benefit from the additional services.

Editor's note Chinese lenders spread wings
Major lenders from the world's second-largest economy are expected to accelerate their aggressive programme of global investments of recent years, especially in the wake of the financial crisis.


Editor's note Building up in the West
Chinese investment in Europe is reported to have tripled in 2011, and estimates are that it could have reached as much as $250-$500 billion by 2020.

Editor's note Lenders face fierce competition on world stage
China's banks are coming. They are big, powerful and they are expanding globally. Today the two biggest banks in the world by market capitalization are Chinese, and Chinese institutions occupy four of the top 10 positions in the global rankings.


Yuan globalization:


Editor's note
Yuan gains favor with exporters
A growing number of Chinese exporters expect wider use of the yuan in trade settlements to avoid rising exchange-rate risks, after watching export profits dwindle in recent years.

Editor's note Yuan globalisation is choice of the market
The internationalisation of the yuan is the will of the market rather than a government-backed move, People's Bank of China Governor Zhou Xiaochuan said on June 4. According to Zhou, China needs to continue removing restrictions on transactions such as "settlement only in hard currencies", and further open the nation's financial markets.