
DollarsAndSense.sg
2022-06-26 09:20:26
China Banks’ Dividend Yield And Share Price Performance In 2022
Love it or hate it, many economists predict China’s rise as a global superpower is unstoppable. It has the second largest economy and a large trade surplus, which hit a record $676 billion in 2021. China also has the largest banking sector in the world. In fact, according to S&P Global Market Intelligence, their major state-owned or controlled banks, continue to rank in the top four positions globally with an expanded balance sheet in 2021.
These top four Chinese banks are Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Agricultural Bank of China (ABC), and Bank of China (BOC). Together these big four banks constitute around 5% of the FTSE China A50 Index, which represents the largest companies by market capitalisation listed on the mainland Shanghai