Cai Jing Wang·2025-09-03 08:44Core Insights - The number of physical bank branches among China's six major state-owned banks has stabilized, with a slight decrease of approximately 42 branches as of mid-2025 compared to the beginning of the year [1][5] - The focus of branch adjustments is shifting towards key urban areas such as the Beijing-Tianjin-Hebei region and county-level operations, indicating a strategic realignment in service delivery [1][6] Summary by Bank - Industrial and Commercial Bank of China (ICBC): As of June 2025, ICBC has a total of 16,354 branches, with 15,941 located domestically and 413 internationally [2] - Agricultural Bank of China (ABC): ABC reported 22,914 domestic branches and 17 overseas institutions as of June 2025 [2] - Bank of China (BOC): BOC has a total of 11,516 branches, with 10,977 in mainland China and 539 in Hong Kong, Macau, Taiwan, and other regions [2] - China Construction Bank (CCB): CCB has 14,727 branches, including 14,178 domestic branches [3] - Bank of Communications (BoCom): BoCom operates over 2,800 domestic branches and 24 overseas branches [3] - Postal Savings Bank of China (PSBC): PSBC has 39,188 branches and 71,435 ATMs as of mid-2025 [3] Overall Trends - The total number of branches across the six major banks is approximately 108,000, showing a decrease of about 42 branches in the first half of 2025 compared to the end of 2024 [5] - The pace of branch closures has significantly slowed, with projections indicating a reduction of around 300 branches by the end of 2024 [5] - The current phase of branch adjustments is characterized by a balance between closing redundant branches and opening new ones in high-demand areas [6]