Global Too Big To Fail

Industrial and Commercial Bank of China

Market Cap: HK$3.1t

Provides banking products and services in the People's Republic of China and internationally.

Agricultural Bank of China

Market Cap: HK$2.7t

Provides banking products and services.

China Construction Bank

Market Cap: HK$2.4t

Engages in the provision of various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.

Bank of China

Market Cap: HK$2.2t

Provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally.

Royal Bank of Canada

Market Cap: CA$386.3b

Operates as a diversified financial service company worldwide.

Kweichow Moutai

Market Cap: CN¥1.6t

Produces and sells liquor products in China and internationally.

Siemens

Market Cap: €203.1b

A technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia.

China Mobile

Market Cap: HK$1.8t

Provides communication, computing, and AI services in Mainland China and Hong Kong.

Toronto-Dominion Bank

Market Cap: CA$268.0b

Provides various financial products and services in Canada, the United States, and internationally.

Allianz

Market Cap: €145.5b

Provides property-casualty insurance, life/health insurance, and asset management products and services worldwide.

China Merchants Bank

Market Cap: CN¥1.0t

Provides various banking products and services.

Ping An Insurance (Group) Company of China

Market Cap: CN¥943.7b

Ping An Insurance (Group) Company of China, Ltd.

Progressive

Market Cap: US$118.2b

Operates as an insurance company in the United States.

Intesa Sanpaolo

Market Cap: €101.9b

Engages in the provision of various financial products and services in Italy, Central/Eastern Europe, the Middle East, and North Africa.

Bank of Montreal

Market Cap: CA$162.8b

Provides diversified financial services primarily in North America.

Sanofi

Market Cap: €91.9b

Engages in the research, development, manufacture, and marketing of therapeutic solutions.

Accenture

Market Cap: US$102.8b

Provides strategy and consulting, industry X, song, and technology and operation services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Canadian Imperial Bank of Commerce

Market Cap: CA$142.8b

A diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally.

Bank of Nova Scotia

Market Cap: CA$141.3b

Provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally.

PNC Financial Services Group

Market Cap: US$93.9b

Operates as a diversified financial services company in the United States.

Midea Group

Market Cap: CN¥624.6b

Engages in the manufacture and sale of electrical appliance in China and internationally.

Automatic Data Processing

Market Cap: US$90.2b

Provides cloud-based human capital management (HCM) solutions worldwide.

U.S. Bancorp

Market Cap: US$89.8b

A financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States.

Tata Consultancy Services

Market Cap: ₹7.8t

Provides information technology (IT) and IT enabled services.

ITOCHU

Market Cap: JP¥13.1t

Trades and imports/exports various products worldwide.

Manulife Financial

Market Cap: CA$92.6b

Provides financial products and services in the United States, Canada, Asia, and internationally.

Truist Financial

Market Cap: US$63.1b

A financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.

China CITIC Bank

Market Cap: CN¥412.5b

Provides various banking products and services in the People’s Republic of China and internationally.

Imperial Oil

Market Cap: CA$81.8b

Engages in exploration, production, and sale of crude oil and natural gas in Canada.

Industrial Bank

Market Cap: CN¥393.8b

Provides banking products and services in the People’s Republic of China.

National Bank of Canada

Market Cap: CA$80.3b

Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally.

CITIC Securities

Market Cap: CN¥380.1b

Provides various financial products and services in China and internationally.

Fifth Third Bancorp

Market Cap: US$48.4b

Operates as the bank holding company for Fifth Third Bank, National Association that provides a range of financial products and services in the United States.

Infosys

Market Cap: ₹4.5t

Provides consulting, technology, outsourcing, and digital services worldwide.

State Street

Market Cap: US$45.6b

Provides various financial products and services to institutional investors.

Swiss Re

Market Cap: CHF 35.5b

Provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide.