Industrial Bank Co., Ltd. Overview
Pro stress-test →Industrial Bank Co., Ltd., officially Fujian Industrial Bank Joint-Stock Corporation, Limited, is a commercial bank based in Fuzhou, Fujian province of the People's Republic of China. The bank was listed on the Shanghai Stock Exchange (Stock Code: 601166) on 5 February 2007. In 2023, the company was ranked 60th in the Forbes Global 2000.
Strategic Profile
Pro stress-test →Industrial Bank is a banking group organized primarily around 3 sectors of activity: retail banking, financing and investment bank, and market bank. Founded in August 1988, Industrial Bank is one of the first batch of joint-stock commercial banks approved by the State Council and the People's Bank of China, and the first Equator Bank in China.
Competitive Landscape
Pro stress-test →Industrial Bank competes with other major Chinese regional banks including PU Development Bank (market cap CNY 409.6B), China Merchants Bank (CNY 1.06T), and Bank of Beijing (CNY 124.3B). The bank's competitive positioning is supported by its comprehensive service offerings and market presence, though it faces intense competition from larger state-owned banks and joint-stock competitors.
Industry Context
Industrial Bank Co., Ltd. operates in Commercial Banking - Regional/Chinese Banks.
Key facts
Founded: 1988 · Headquarters: Fuzhou, China · Market cap: CNY 445.9B (~$62B USD)