The Industrial and Commercial Bank of China is a major Chinese bank which was created on 1 January 1984 from what were then the commercial banking operations of the People's Bank of China. A state-owned bank under the control of the Chinese Ministry of Finance, ICBC became the world's largest bank by total assets in 2012 and has kept this rank ever since. ICBC was ranked first on the Forbes Global 2000 list of the world's top public companies in 2015. On 31 December 2022, It was the third-largest bank in the world by market capitalization at $211 billion. It is one of the most profitable companies in the world, ranking fourth according to Forbes in 2022. It has been designated a systemically important bank by the Financial Stability Board since the start of the FSB's listing. Several former employees of ICBC have moved on to work in prominent government positions in China. Notable ICBC alumni include China Securities Regulatory Commission Chairman Yi Huiman and People's Bank of China Governor Pan Gongsheng. Wikipedia