Asiamoney Best Bank Awards

Small and medium-sized enterprises are the mainstay of the Chinese economy, given they account for about 97% of all firms in the country and play a vital role in providing employment opportunities.

Every bank in China has put corporate social responsibility firmly in its sights, especially over the past few years of pandemic-induced hardships. But the Asiamoney 2022 award for best bank for CSR in the country goes to China Construction Bank for going above and beyond the standard CSR focus.

Nomura has taken its corporate social responsibility initiatives in Japan and overseas very seriously for a long time. It has been involved in pioneering financial literacy since the 1990s – and it is still a key area of focus.

Citi’s global franchise needs little introduction. The same is the case in Japan, where the US bank has been present for 120 years and has built a reputation for offering world-class financial products and services.

Japan’s biggest banks generally recorded solid performance in the financial year ending March 31, 2022, thanks to their retail and global corporate banking business lines. Of the lot, Mitsubishi UFJ Financial Group impressed the most, making it Asiamoney’s best domestic bank in Japan in 2022.

As the world’s largest bank by assets, Industrial and Commercial Bank of China has proven time and again that it is more than capable of navigating any headwinds and challenges that come its way.

Citi’s global franchise needs little introduction. The same is the case in Japan, where the US bank has been present for 120 years and has built a reputation for offering world-class financial products and services.

HSBC has operated in mainland China since 1865 and is a force to be reckoned with: it is the largest foreign bank in the country, operating in 50 cities, with 150 outlets and over 7,000 employees.

Ping An Bank’s transformation over the last five years has given it an undisputed, and long, lead over its peers in digital solutions.