Based on the methods of case analysis and literature research, this paper selects one of the five representative banks —— ICBC as an example, takes the annual statements of 2017 and 2018 as the main data source, and makes a concrete analysis of the management status of the financial risks of commercial banks in China. The whole paper is intended to find out the problems and shortcomings of ICBC's financial risk management, discuss the causes of the problems, and then give the right remedy to the case, put forward the relevant improvement methods, strengthen the financial risk management of commercial banks, and promote the better development of social economy in China. It is hoped that the content of this paper will be helpful to the financial risk management of commercial banks in China.