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China's most profitable company

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 China's most profitable company 

ICBC

[The industrial and commercial bank of china]

In terms of total assets, the Industrial and Commercial Bank of China is the biggest bank in both China and the entire globe. On January 1st, 1984, the People's Bank of China's commercial banking businesses were merged to become ICBC. Since its historic initial public offering in 2006, the Chinese government has maintained a 75% ownership stake in ICBC. By the end of 2021, the Ministry of Finance in China controlled 31.1% of ICBC's shareholders, which included Central Huijin Investment (34.7%), the National Council for Social Security Fund (3.5%)for a total of 69.3 percent.

Revenue:-

The Industrial and Commercial Bank of China made a profit of over 365 billion yuan in 2023. As far as total assets go, the ICBC is China's biggest bank.

About the majority shareholder in icbc :-

The Industrial and Commercial Bank of China's main stakeholder as of 2023 was the Chinese state-owned investment firm Huijin about 34.7%

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