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Jurisdiction · CNY · People's Bank of China

China

The world's largest banking system by assets, dominated by state-owned banks such as ICBC and China Construction Bank. Retail payments run overwhelmingly through Alipay and WeChat Pay, alongside the e-CNY central bank digital currency pilot.

Currency
CNY
Central bank
People's Bank of China
Key regulators
NFRA · PBoC · CSRC
Deposit insurance
Deposit insurance scheme, ¥500,000
Open banking regime
No formal open banking regime
Instant payments
IBPS (retail dominated by Alipay / WeChat Pay)
Primary source
www.pbc.gov.cn (central bank)
Regulators

NFRA

Providers headquartered here

None in covered set

Covered banks — China

BankTypeRegulatorAssets ≈
ICBCBeijingCommercialNFRA (China)$6.3tn
WeBankShenzhenDigitalNFRA (China)—

Approximate reference data from public sources · seed-0.1 · 2026-08-28 · not real-time, not advice. See data & methodology.

# this page as data GET https://banking.foundation/api/v1/countries/china