Chinese four bank refers to the ICBC, the Agricultural Bank, construction bank, Bank of China Chinese Chinese (industry, agriculture, in construction), also known as the central four lines, which represents the most abundant financial capital strength China. The four major state-owned bank has experienced from the beginning of the founding of the bank, professional stage of their division, into the new century, their basic has become a comprehensive large listed banks, and have become one of the development strategy of the world's top 500 enterprises; four for today's business scope are no longer single, together towards a comprehensive, international, forward the goal of modern commercial banks.
From the face of the ant gold suit and Tencent holding other online payment giant competition, China four big banks are cutting costs, and strive to adjust its huge network in 2016, the four largest banks, the number of personnel for the first time in six years to reduce.
Last week a Chinese four bank earnings report said, by the end of 2016, the number of ICBC, China Construction Bank, Agricultural Bank of Chinese China and China bank employees a total reduction of 17824 people, at least it is this phenomenon for the first time since 2011. Part of the reason for this is that Chinese banks are trying to cut down on some of its 3 million employees.
China's major banks have also cut layoffs when faced with the pressure of performance. Thanks to cost cuts and lower than expected provision for bad debts, the total profit of four major banks in 2016 China barely avoided the first decline since 2004. Summary data show that China's four major banks in 2016 full year net profit of $858 billion 200 million, an increase of 0.2%.
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