The Industrial and Commercial Bank of China (ICBC), China’s most valuable brand, topped Forbes’s
newly released annual ranking of the world’s top 2,000 largest public companies for the seven consecutive years.
The State-owned bank, which generated 298.7 billion yuan ($43.5 billion) in net profit last
year, has assets of more than $4 trillion and nearly half a million employees, according to Forbes.
Meanwhile, China Construction Bank, the Agricultural Bank of China and the Bank of China, renowned as the “Big Four” ba
nks in China along with ICBC, also joined the top 10, ranking at third, fourth and eighth places, respectively.
Ping An Insurance Group came in at seventh with a market capital of $220.2 billion, according to Forbes.
ative safer, more sustainable and disaster-proof, according
to the declaration published during the two-day International Conference on Silk-road Disa
ster Risk Reduction and Development, which concluded in Beijing on Sunday.
Sunday marked China’s 11th National Disaster Prevention and Reducti
on Day, an annual event which began in 2009 after a devastating earthquake hit Sich
uan and neighboring provinces on May 12, 2008, leaving over 87,000 dead or missing.
More than 700 scientists from around 40 countries, regions and international organizations supported the declaration. It reco
mmended actions including data-sharing, investing in disaster risk reduction technologies and in
frastructure, and jointly enhancing disaster preparedness and response protocols.