Industrial and Commercial Bank of China

Founded in 1984, Industrial and Commercial Bank of China (ICBC) is the largest bank in the world by profit and market capitalisation as of 2012. It is one of China's 'Big Four' state-owned commercial banks -- the other three are Bank of China, Agricultural Bank of China, and China Construction Bank. 

 
Chancellor of the Exchequer George Osborne.

China and UK in talks over London yuan clearing bank

The British and Chinese governments are in "active discussions" to appoint a clearing bank in London, a move seen as further eating into Hong Kong's market share of the offshore yuan business and cementing the Western city's leading position in the global offshore yuan hub race.