The Industrial and Commercial Bank of China (ICBC), China’s most valuable brand, topped Forbes’s
newly released annual ranking of the world’s top 2,000 largest public companies for the seven consecutive years.
The State-owned bank, which generated 298.7 billion yuan ($43.5 billion) in net profit last
year, has assets of more than $4 trillion and nearly half a million employees, according to Forbes.
Meanwhile, China Construction Bank, the Agricultural Bank of China and the Bank of China, renowned as the “Big Four” ba
nks in China along with ICBC, also joined the top 10, ranking at third, fourth and eighth places, respectively.
Ping An Insurance Group came in at seventh with a market capital of $220.2 billion, according to Forbes.