Yep, the total market cap for Canada big 5 banks are larger than China's ICBC ($260,000 millions for 5 vs. $214,000 millions for ICBC).
FYI, China's ICBC is the largest bank in the world by profit and market capitalization.
Even when we exclude the top 2 largest banks, ICBC and CCB from China. Canada banks are still small birds since UK HSBC holdings market cap is larger than the market cap for RY, TD and BMO/CM
combined.
Only the market cap for RY, TD and BNS combined is slightly larger than HSBC holdings but then they are slightly less than CCB.
BTW, HSBC Holdings is top 5 global banks in terms of assets, more than either Bank of America or J P Morgan (both are top 10). RY will be lucky if the bank manages to be in top 50.