Industry WIKI

The Agricultural Bank of China (ABC), also known as AgBank, is a Chinese largely state-owned multinational banking and financial services corporation headquartered in Beijing, China. It is one of the "big four" banks in China, and the second largest bank in the world by total assets, behind the Industrial and Commercial Bank of China. ABC was founded on 10 July 1951, and has its headquar

The Bank of Credit and Commerce International (BCCI) was an international bank founded in 1972 by Agha Hasan Abedi, a Pakistani financier. The bank was registered in Luxembourg with head offices in Karachi and London. A decade after opening, BCCI had more than 400 branches in 78 countries and assets in excess of US$20 billion, making it the seventh largest private bank in the world.

Barings Bank was a British merchant bank based in London. It was one of England's oldest merchant banks after Berenberg Bank, Barings' close collaborator and German representative. It was founded in 1762 by Francis Baring, a British-born member of the German–British Baring family of merchants and bankers.

Cantor Fitzgerald, L.P. is an American financial services firm that was founded in 1945. Cantor Fitzgerald's 1,600 employees work in more than 30 locations, including financial centers in the Americas, Europe, Asia-Pacific, and the Middle East. Together with its affiliates, Cantor Fitzgerald operates in more than 60 offices in 20 countries and has more than 12,000 employees. The firm con

The China Construction Bank (CCB) is a Chinese partially state-owned multinational banking and financial services corporation headquartered in Beijing, China. It is one of the "big four" banks in China, and is the third largest bank in the world by total assets behind the Agricultural Bank of China and the Industrial and Commercial Bank of China. The bank has approximately 13,629 domesti

The China Insurance Regulatory Commission (CIRC) was an agency of China authorized by the State Council to regulate the Chinese insurance products and services market and maintain legal and stable operations of insurance industry.

The China Securities Regulatory Commission (CSRC) is a government agency directly under the State Council of China. It is the main regulator of the securities industry in China.

Chinese accounting standards are the accounting rules used in mainland China. As of February 2010, the Chinese accounting standard systems is composed of Basic Standard, 38 specific standards and application guidance.

Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank, and Travelers; Travelers was spun off from the company in 2002.

The Glass–Steagall Act was a part of the 1933 Banking Act. It placed restrictions on activities that commercial banks and investment banks (or other securities firms) could do. It effectively separated those activities, so the two types of business could not mix, in order to protect consumer's money from speculative use. The Banking Act of 1935 clarified and otherwise amended Glass–Steag

Digital renminbi (Chinese: 数字人民币; also abbreviated as digital RMB and e-CNY), or Digital Currency Electronic Payment (DCEP, Chinese: 数字货币电子支付; pinyin: Shùzì huòbì diànzǐ zhīfù), is a central bank digital currency issued by China's central bank, the People's Bank of China. It is the first digital currency to be issued by a major economy, undergoing public testing as of April 2021. The dig

Diners Club International Ltd. (DCI), founded as Diners Club, is a payment network owned by Capital One. Diners Club and its franchises are accepted in over 200 countries and territories. Card issuers operating in approximately 45 countries have exclusive individual licenses to issue cards on the Diners Club network in a given country.

Electronic Payment Services (Chinese: 易辦事), commonly known as EPS, is an electronic payment system based in Hong Kong, Macau, and with limited acceptance in Shenzhen since it began operations in 1985. The service is provided by EPS Company (Hong Kong) Limited which currently has over 30,000 acceptance locations.

Erik Dean Prince (born June 6, 1969) is an American businessman, who is the founder of private military contractor Blackwater. He was Blackwater's CEO until 2009 and its chairman until its sale to a group of investors in 2010. Prince founded the private equity firm Frontier Resource Group in 2012 and was chairman of the Hong Kong-listed Frontier Services Group until 2021. Prince is the s

The EZ-Link card is a rechargeable contactless smart card and electronic money system that is primarily used as a payment method for public transport such as bus and rail lines in Singapore. A standard EZ-Link card is a credit-card sized stored-value contact-less smart-card that comes in a variety of colours, as well as limited edition designs. It is sold by SimplyGo Pte Ltd, a merged en

Faster Payment System (FPS; Chinese: 快速支付系統, more commonly known as 轉數快) is a real-time gross settlement payment system in Hong Kong that connects traditional banks and electronic payment and digital wallet operators. Users are able to perform instant money transfer or make payment to merchants by using the recipient's phone number, e-mail or QR code that contains the user's numeric iden

Financial services in China refers to the services provided in China by the finance industry: banks, investment banks, insurance companies, credit card companies, consumer finance companies, government sponsored enterprises, and stock brokerages.

Fiserv, Inc. ( fy-SURV) is an American multinational financial technology company headquartered in Milwaukee, Wisconsin. The company processes debit and credit card transactions, loyalty programs, loans, electronic bill pay, wires and ACH transfers, check deposits, and ATM transactions on behalf of banking institutions. The company also produces debit and credit cards and point of sale t

The Forbes Global 2000 is an annual ranking of the top 2000 public companies in the world, published by Forbes magazine. "The Global 2000" annual ranking is assembled by Forbes using an assessment of four equally-weighted metrics: sales, profit, assets and market value. The list has been published annually since 2003.

The foreign exchange reserves of China are the state of foreign exchange reserves held by the People's Republic of China, comprising cash, bank deposits, bonds, and other financial assets denominated in currencies other than China's national currency (the renminbi). As of August 2026, China's foreign exchange reserves totaled US$3.438 trillion, which is the highest foreign exchange reser

There have been several efforts or appeals in the United States to reinstate repealed sections of the Glass–Steagall Act following the 2008 financial crisis, as well as elsewhere to adopt similar financial reforms.

The history of banking in China includes the business of dealing with money and credit transactions in China.

The history of Chinese currency spans more than 3000 years from ancient China to imperial China and modern China. Currency of some type has been used in China since the Neolithic age which can be traced back to between 3000 and 4500 years ago. The history of China's monetary system traces back to the Shang dynasty (c. 1766–1154 BCE), where cowrie shells served as early currency. Cowry sh

The history of monetary policy in China involves the evolution of the Chinese government's monetary policies from different imperial dynasties to the modern reforms created and employed by the Chinese Communist Party (CCP). China's monetary system changed significantly during the imperial period, moving from bronze coins to paper currency long before Europe did. In ancient times, variou

Hong Kong Exchanges and Clearing Limited (HKEX; Chinese: 香港交易及結算所有限公司; pinyin: Xiānggǎng jiāoyì jí jiésuàn suǒyǒu xiàn gōngsī) operates a range of equity, commodity, fixed income and currency markets through its wholly owned subsidiaries The Stock Exchange of Hong Kong Limited (SEHK), Hong Kong Futures Exchange Limited (HKFE) and London Metal Exchange (LME).

The Stock Exchange of Hong Kong (Chinese: 香港交易所, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the 6th largest globally by market capitalization as of February 2026. The exchange plays a crucial role in connecting international investors with mainland Chinese companies, serving as a major platfor

Howard Stanley Marks (born 1946) is an American investor and writer. He is the co-founder and co-chairman of Oaktree Capital Management, the largest investor in distressed securities worldwide. In 2022, with a net worth of $2.2 billion, Marks was ranked No. 1365 on the Forbes list of billionaires.

The Industrial and Commercial Bank of China (ICBC; Chinese: 中国工商银行) is a Chinese partially state-owned multinational banking and financial services corporation headquartered in Beijing, China. It is the largest of the "big four" banks in China, and the largest bank in the world by total assets. ICBC was created on 4 January 1984 from what were then the commercial banking operations of th

JM Financial Ltd. (JMFL) is an Indian financial services group headquartered in Mumbai and has branches across India. It also has overseas branches in Ebene, Singapore, New Jersey and Dubai although almost all the group's business are domestic operations in India.

Certain large banks are tracked and labelled by several authorities as Systemically Important Financial Institutions (SIFIs), depending on the scale and the degree of influence they hold in global and domestic financial markets.

Manchester City Football Club dates back to 1894, when Ardwick A.F.C. dissolved and was reformed as Manchester City Football Club Ltd. Over recent years, the state of ownership and finances of Manchester City Football Club has been tumultuous, featuring various owners of contrasting fortunes, in line with the club's inconsistent trend on the pitch. The club is currently owned by the City

Meituan (Chinese: 美团; pinyin: Měituán; formerly Meituan–Dianping) is a Chinese technology company that operates a platform for local services including on‑demand food delivery, in‑store services and consumer reviews under the Dazhong Dianping brand, hotel and travel bookings, and instant retail. The company is headquartered in Beijing and was founded in 2010 by Wang Xing. The company lau

The Ministry of Finance of the People's Republic of China is the constituent department of the State Council of the People's Republic of China which administers macroeconomic policies and the annual budget. It also handles fiscal policy, economic regulations and government expenditure for the state. The ministry also records and publishes annual macroeconomic data on China's economy. T

Mischler Financial Group is the American boutique investment bank and brokerage that became the financial industry's first firm owned and operated by Service-Disabled Veterans.

The oil-storage trade, also referred to as contango, is a market strategy in which large, often vertically-integrated oil companies purchase oil for immediate delivery and storage—when the price of oil is low— and hold it in storage until the price of oil increases. Investors bet on the future of oil prices through a financial instrument, oil futures in which they agree on a contract bas

The Panama Papers are 11.5 million leaked documents that detail financial and attorney–client information for more than 214,488 offshore entities. The documents, some dating back to the 1970s, were created by, and taken from, Panamanian law firm and corporate service provider Mossack Fonseca, and were leaked in 2015 by an anonymous source.

A Panda bond is a Chinese renminbi-denominated bond from a non-Chinese issuer, sold in the People's Republic of China. Unlike the dim sum bond, Panda bonds are issued in the onshore market for onshore renminbi.

Policy bank (Chinese: 政策性银行), or policy lender, is a state-owned financial institution established by the government of the People's Republic of China with the goal of implementing official economic policies and carrying out financial business in specific fields. This measure separates policy finance from commercial finance and establishes a policy bank to undertake strictly defined poli

Private equity in the 1980s relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital experienced growth along parallel although interrelated tracks.

Renminbi currency value is a debate affecting the Chinese currency unit, the renminbi (Chinese: 人民币 Code:CNY). The renminbi is classified as a managed floating exchange rate currency "with reference to a basket of currencies", which has drawn attention from nations which have freely floated currencies and has become a source of trade friction with Western nations.

Robert B. "Bob" Willumstad is a former chairman and CEO of the American International Group (AIG).

A rural credit cooperative (RCC) (Chinese: 农村信用合作社) or (simplified Chinese: 农村信用社; traditional Chinese: 農村信用社; pinyin: nóngcūn xìnyòngshè) is a cooperative or credit union sanctioned by People's Bank of China to provide credit in the rural areas of the People's Republic of China.

Securities industry in China is an article on the securities industry in mainland China.

The Shanghai Futures Exchange (SHFE; Chinese: 上海期货交易所) is a futures exchange in Shanghai, China formed from the amalgamation of the national level futures exchanges of China, the Shanghai Metal Exchange, Shanghai Foodstuffs Commodity Exchange, and the Shanghai Commodity Exchange in December 1999. It is a non-profit-seeking incorporated body under the China Securities Regulatory Commissio

Sovereign funds of China are mechanisms through which the Chinese state acts as a market participant with the goals of supporting key domestic economic sectors, advancing strategic interests internationally, and diversifying its foreign exchange reserves.

Stephen L. Norris is an American businessman, investor, and financier. He was one of the co-founders of The Carlyle Group, an American private equity firm. He was later owner and founder of Stephen Norris Capital Partners and the chairman of Gulf Capital Partners.

A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular publicly listed company or security on a particular stock exchange. Ticker symbols are arrangements of symbols or characters (generally Latin letters or digits) which provide a shorthand for investors to refer to, purchase, and research securities. Some exchanges include ti

A trading room gathers traders operating on financial markets. The trading room is also often called the front office. The terms "dealing room" and "trading floor" are also used, the latter being inspired from that of an open outcry stock exchange. As open outcry is gradually replaced by electronic trading, the trading room becomes the only remaining place that is emblematic of the finan

Wedbush Securities Inc. is a privately held financial services firm based in Los Angeles. As of October 2026, the firm had $6.7 billion under management with 10,833 clients.

The yuan ( yoo-A(H)N; sign: ¥; Chinese: 圓/元; pinyin: yuán; [ɥæ̌n] ) is the base unit of currency of a number of historical and contemporary currencies throughout Greater China, such as the renminbi in the People's Republic of China and the new Taiwan dollar in the Republic of China (Taiwan). The name of the unit ultimately originates from the late Qing dynasty to refer to Mexican silver