China's inarch up the global rankings continues

摘要

China's banks have continued their advance up the global rankings in 2012 and have had their best year to date. The country's highest ranked bank, Industrial Commercial Bank of China (ICBC), has had a particularly good year, making it into the global top three banks by knocking HSBC from third to fourth place. ICBC has been climbing steadily up the global rankings in the past few years, ranking seventh in 2010 and sixth in 2011. While in previous years ICBC was significant for breaking into the global top 10, it is now firmly cemented among the world's top banking names.