According to the latest data released by the China Banking Regulatory Commission (CBRC), the following are the top ten formal private banks in China (in no particular order):
1. Zhejiang Net Zhejiang Ant Small and Micro Financial Services Group: Zhejiang Ant Small and Micro Financial Services Group is China’s first online bank established entirely by private enterprises. It was established by Ant Financial as the major shareholder.
2. Tencent WeBank: Tencent WeBank is China’s first Internet bank, initiated and established by private companies such as Tencent, Baiyeyuan, and Liye.
3. Qianhai WeBank (ShenzhenWeBank): Qianhai WeBank is a private bank headquartered in Shenzhen, initiated and established by private companies such as Tencent, Baiyeyuan, and Liye.
4. Zhejiang Taizhou Rural Commercial Bank: Zhejiang Taizhou Rural Commercial Bank is a private bank headquartered in Taizhou, Zhejiang, mainly engaged in financial services for small and micro enterprises.
5. Hunan Sanxiang Bank: Hunan Sanxiang Bank is a private bank headquartered in Changsha, Hunan, mainly engaged in financial services for small and micro enterprises.
6. Fujian Huatong Bank (Fujian Huatong Bank): Fujian Huatong Bank is a private bank headquartered in Fuzhou, Fujian, mainly engaged in financial services for small and micro enterprises.
7. Chongqing Fumin Bank: Chongqing Fumin Bank is a private bank headquartered in Chongqing, mainly engaged in financial services for small and micro enterprises.
8. Wuhan Zhongbang Bank: Wuhan Zhongbang Bank is a private bank headquartered in Wuhan, mainly engaged in financial services for small and micro enterprises.
9. Weihai Lanhai Bank: Weihai Lanhai Bank is a private bank headquartered in Weihai, Shandong, mainly engaged in financial services for small and micro enterprises.
10. Jilin Yilian Bank: Jilin Yilian Bank is a private bank headquartered in Changchun, Jilin, mainly engaged in financial services for small and micro enterprises.
These private banks play an important role in China's financial market, mainly providing innovative and efficient financial services to small and micro enterprises and individual consumers.