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ICBC Signed Export Buyer Credit Agreement with Brazil Gerdau Group

Recently, syndication composed of ICBC and BNP Paribas signed export buyer credit agreement with total contract amount of USD 200 million with Brazil Gerdau Acominas Company. Both banks provide 50% of credit respectively for which, China Export Credit Insurance Company provides ...

ICBC Officially Placed SYWG BNP Paribas New Dynamical Stock Securities Investment Fund Under Custody

Recently, ICBC officially placed SYWG BNP Paribas New Dynamical Stock Securities Investment Fund under custody. Proceeds received during issuance of SYWG BNP Paribas New Dynamical Stock Securities Investment Fund totaled to 669.6 millions of fund units. Valid subscription ...

ICBC Placed Fuguo Tianhui Select Growth Balanced Securities Investment Fund Under Custody

Recently, Fuguo Tianhui Select Growth Balanced Securities Investment Fund underwritten by ICBC was officially placed under ICBC custody. Proceeds received during issuance of Fuguo Tianhui Select Growth Balanced Securities Investment Fund totaled to 584,312,553.76 fund units. ...

ICBC Ranks in Front of among China Banks in Custody of QFII Investment Quota

Recently, State Administration of Foreign Exchanges approved QFII customer under ICBC custody -- Credit Suisse First Boston (CSFB) to increase investment quota of USD 150 million. This was the second such approval obtained by SCFB this year since last time in March 14, 2005, ...

ICBC Won Golden Award of "China Customer Care and Public Service Yardstick Company"

In the results of "2005 China Customer Care Conference and China Customer Care Yardstick Company Selection" just announced, ICBC finally came out first and won the Golden Award of "China Customer Care and Public Service Yardstick Company". China Customer Care Yardstick Company ...

ICBC Has Issued Over 120 Million Peony Money Link Cards

Today, Industrial and Commercial Bank of China Limited announced that until the end of September this year, the issuance number of ICBC "Peony Money Link Card" had already reached 126.53 million, and the card-spending amount had totaled to RMB 132.6 billion. The issuance volume, ...

ICBC Attended the 3rd China Cash Management Annual Conference of "Euro Finance"

Recently, ICBC attended the 3rd China Cash Management Annual Conference held by "European Finance" in Shanghai. The subject of the conference is "Cash, Property, Fund and Risk Management". About 400 representatives from domestic and foreign large enterprises and banks attended ...

ICBC Won Golden Award of "China Customer Care and Public Service Yardstick Company"

In the results of "2005 China Customer Care Yardstick Company Selection" just announced, ICBC finally singled out among all the participating companies and received the Golden Award of "China Customer Care and Public Services Yardstick Company". ICBC was in the first place on the ...

Moody Moved up the Financial Strength Rating of ICBC Asia to D+

Recently, Moody adjusted the financial strength rating of Industrial and Commercial Bank of China (Asia) (hereinafter referred as "ICBC Asia") from the former D to D+. Rating outlook was "Stable". Its long-term deposit rating "A2" and short-term deposit rating "P-1" remained ...

ICBC Delegation Attended ABAC Conference and APEC CEO Summit Held in Pusan, Republic of Korea

Recently, ICBC delegation arrived at Republic of Korea to attend the Fourth Meeting of APEC Business Advisory Council (ABAC) and APEC CEO Summit. During the conference, ICBC delegation held talks and discussions with leaders from government, industrial and commercial sectors from ...

ICBC Participated in Bill Market and Business Seminar of Mainland and Taiwan

Recently, "Bill Market and Business Seminar of Mainland and Taiwan", jointly organized by China City Finance Association and Taipei Finance Research Development Fund Association and undertook by ICBC, was officially opened at Shanghai International Conference Center. Over 30 ...

ICBC Won the First of "China Excellence Financial-Economic Securities Website"Again

Recently, the award list of the sixth investors favored "China Excellence Financial-Economic Securities Website", which is an eye-catching event in the industry, was announced. ICBC won two awards this time, there are First of "Excellence Banking Website" and "Best Online ...

ICBC Signed Financial Consultancy Agreement with China National Real Estate Development Group

Recently, Industrial and Commercial Bank of China Limited and China National Real Estate Development Group (hereinafter referred as "China Real Estate Group") signed Financial Consultancy Agreement in Beijing. Mr. Yang Kaisheng, President of ICBC Mr. Yi Huiman President of ICBC ...

ICBC established Correspondent Relationship with Wujiang Rural Commercial Bank

Recently, ICBC established correspondent relationship with Wujiang Rural Commercial Bank. Until now, ICBC has established a formal correspondent relationship with 39 domestic banking institutions including 3 policy-related banks, 3 state-owned commercial banks, 11 joint-stock ...

Peony Money Link Card Spending Realized in U.S., Business Extended over 13 Countries and Regions All Together

Recently, at the opening ceremony of RMB card acceptance in U.S. jointly held by China Union Pay and America Discover Financial Services Company, Peony Money Link Card issued by ICBC successfully completed the first RMB UnionPay card spending transaction at Macy's Department ...

Continued Innovation Accelerated the Rapid Growth of ICBC E-banking

Walking past the year 2005, all ICBC E-banking business services witnessed momentum growth. Successive good news were ringing on the year, in particular, notable results were achieved in innovating the ICBC brand, product and service. These achievements had played one major share ...

ICBC Established Correspondent Relationship with Changshu Rural Commercial Bank

Recently, ICBC established correspondent relationship with Changshu Rural Commercial Bank. Until now, ICBC has established a formal correspondent relationship with 40 domestic banking institutions including 3 policy-related banks, 3 state-owned commercial banks, 11 joint-stock ...

"Unicom Earnings Plan" Under Guarantee and Custody of ICBC Was Approved By China Securities Regulatory Commission

Recently, "The third, fourth and fifth period of China Unicom CDMA Network Rental Earnings Plan", which is under the guarantee and custody of ICBC, got approved by China Securities Regulatory Commission. It will be issued in the block trade market at Shanghai Stock Exchange. ...

ICBC Took the Lead in Organizing Domestic Banking Consortium for Syndicated Loan on China Largest Potassium Salt Project

Recently, ICBC together with Agriculture Bank of China and China Merchant Bank Limited signed Cooperation Agreement of Syndicated Loan on National Invested Xinjiang Luobupo Potassium Salt Project. According to the agreement, ICBC, acting as the leading bank and correspondent bank...

ICBC Placed Lion Stock Securities Investment Fund Under Custody

Recently, Lion Stock Securities Investment Fund underwritten by ICBC was formally placed under its custody. Proceeds received during issuance of Lion Stock Securities Investment Fund totaled to 379.18 million fund units. Valid subscription accounts were 4261. Till now, there are ...
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