Safest Banks in China

According to the 2011 ranking of World's 50 Safest Banks by Global Finance, China Development Bank is ranked as the safest bank in China (rated 38th in the world), followed by Agricultural Development Bank of China (2nd in China and 42nd in the world).

China Development Bank (CDB) is a state policy bank and is the pre-eminent development bank. It is one of the few Chinese banks that have its financial statements audited by an international auditor and presented in accordance with international accounting standards. Standard & Poor's Ratings Services has assigned its 'A-' senior unsecured long-term foreign currency ratings to China Development Bank's (CDB; foreign currency A-/Positive/A-1, local currency A-/Positive/--) proposed U.S. dollar global bonds due 2015.

The Agricultural Development Bank of China (ADBC) is a state-owned agricultural policy bank with its business under the regulation and supervision of the People's Bank of China and China Banking Regulatory Commission. The Bank has become the 3rd largest bond issuer on the national inter-bank bond market. In 2010, rating agencies (Moody's, Fitch and S&P) continued to give the Bank the same ratings on a par with China's sovereign debt ratings.
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