Financials in Renminbi[5][47][48][49][50][51][52]. With capital provided by the Ministry of Finance of China,[11] the bank's Tier 1 capital in 2013 was the largest of one thousand global banks, being the first bank headquartered in China to achieve this distinction in modern history. These cookies also allow for the viewing of embedded content, such as videos. Siqing had no disagreement with the Board at the time of his resignation, made purely for the reason of vocational change to ICBC. The bank is also one of the largest bank in the world with branches all over the world and total assets now topping USD 5 T. Naturally, it is considered a systemically important bank by the Financial Stability Board. During July 2007 ICBC was ranked 30th in the world in terms of revenue. Current Assets for ICBC is $5,526,549,753,556 and SWFI has 11 periods of historical assets, 2 subsidiaries, 9 personal contacts available for CSV Export. Industrial and Commercial Bank of China Ltd. (ICBC) is China's largest bank and the largest bank in the world. The cookie is set by Facebook to show relevant advertisments to the users and measure and improve the advertisements. Industrial and Commercial Bank of China Industrial and Commercial Bank of China Limited (ICBC; simplified Get the latest Industrial and Commercial Bank of China Ord Shs H (1398) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and . Company Profile 01398. [39][40], In October 2017, the Bank reported a 3.3 percent rise in its net profit for the third quarter. Headquartered in New York City, the Industrial and Commercial Bank of China Financial Services ("ICBCFS") is a wholly owned subsidiary of the Industrial and Commercial Bank of China Limited ("ICBC"). Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Holding a total asset size of more than US$4 trillion, the Industrial and Commercial Bank of China (ICBC) is the largest bank and financial institution in the world by total assets, deposits, loans, number of customers and number of employees. The Industrial & Commercial Bank of China (ICBC) is the largest bank in the world by revenue; in 2021 it posted revenue of $209 billion, profits of $54 billion, and assets of $5.5 trillion. [15] Furthermore, ICBC is considered one of the most profitable companies in the world, ranking fourth according to Forbes. ICBC provides services including private banking, investment banking, corporate wealth management, guarantee and commitment, asset custody, as well as trust and agency services. "Total assets of the Industrial and Commercial Bank of China from 2011 to 2021 (in billion yuan)." ICBC Financial Services, the bank's brokerage unit, provided about $88billion of repo financing at the end of 2015, up from $59billion two years ago, according to regulatory filings. This cookies is set by Youtube and is used to track the views of embedded videos. It operates through the following business segments: Corporate Banking,. [38], ICBC launched robo-advisor service to its wealth-management operations in 2017. As of 2017, it employs over 1 million people worldwide . Assets are a main portion of the balance sheet of a company that measure things that provide economic value. Industrial and Commercial Bank of China - Assets: $4.009tn (3.07tn) ICBC building Shanghai (Credit: Peter K Burian/Wikimedia) Founded in Beijing in 1984, the Industrial and Commercial Bank of China (ICBC) claims the title of being the world's largest bank by assets, with more than $4tn (3.06tn) on its books at the last count. Industrial and Commercial Bank of China (ICBC) is one of the largest banks in the world. The company's market capitalization was US$257 billion as of April 1, 2022. It has a broad customer base, with about 5 million corporate customers and 443 million individual customers by virtue of an extensive distribution network with . 4606. Top 1000 Banks - Same region The new issuances raised the total value of ICBCs bonds listed on Nasdaq Dubai to $4.375 billion, making ICBC the largest Chinese issuer on the exchange. [10][non-primary source needed] ICBC was then the fourth of the four specialist banks of 19781979 to be made,[20] from the taking of control of commercial activities[20] ("industrial credit and savings business"[21]) from People's Bank of China so that the latter might be transformed to a newly made central bank. [67], Flora Xiao Huang, Horace Yeung (2019) Chinese Companies and the Hong Kong Stock Market, sub-heading 6.4.4, published by Routledge, 30 October 2013 ISBN1134671113, ISBN9781134671113, "ICBC" redirects here. Industrial and Commercial Bank of China | 98,561 followers on LinkedIn. This paper analyzes the total assets, non-performing loan ratios and net capital of the bank and concludes that if a commercial bank can do a good internal management, the development of low-carbon . This feature is only available for paying subscribers. During the 2013 Korean crisis, the Industrial and Commercial Bank of China halted business with a North Korean bank accused by the United States of financing Pyongyang's missile and nuclear programs. Use Ask Statista Research Service. Employed as a key part of our own internal . Analytics cookies help us understand how our visitors interact with the website. ROI. Chinese companies' affiliated brands, operating units, and overseas subsidiaries are not always obvious or even identifiable. Just $1,000 / year. (April 27, 2022). By asset size, Industrial and Commercial Bank of China (ICBC) is the world's largest bank. Industrial and Commercial Bank of China (ICBC) is China's largest bank. One in Karachi while the other in Islamabad. (2022). Feb 2020 - Present2 years 11 months. Terms of Use This cookie is set by LinkedIn and used for routing. Industrial and Commercial Bank of China Authors: Lara Alkadmani Haitham Nobanee Abu Dhabi University Abstract Every country's development is dependent on the efficiency of the state's financial. 10/13/2015. The ICBC offered this IPO for numerous reasons, but foremost was that the ICBC wanted to attract investors with long term perspective; so it targeted . statistic alerts) please log in with your personal account. This category only includes cookies that ensures basic functionalities and security features of the website. Thu 08 Dec, 2022 - 8:37 PM ET. Get the annual and quarterly balance sheet of Industrial and Commercial Bank of China Limited (1398.HK) including details of assets, liabilities and shareholders' equity. Industrial and Commercial Bank of China Ltd is a China-based company principally engaged in the provision of banking and related financial services. April 27, 2022. If neither of the cookies are set, the user is a new user. Financial Information. Source: Qichachawww.qcc.com/firm/02d68fdfc282fa75bcac3e3b30be5b4b.html, Source: ICBC Websitewww.icbc-ltd.com/ICBCLtd/AboutUs/Introduction/, ICBC's network of 426 overseas institutions covers 49 countries and regions, which brought in $9.3 B in operating income in 2020, or 7.6% of ICBC's total, and $4.2 B in profit, or 6.9% of ICBC's total. This cookie is used to store the language preferences of a user to serve up content in that stored language the next time user visit the website. Worst f*in customer service ever. ICBCFS offers highly customized financing solutions to support the growing demands. Industrial and Commercial Bank of China. Industrial and Commercial Bank of China Limited (ICBC; Chinese: ; pinyin: Zhnggu Gngshng Ynhng) is a Chinese multinational bank.. This cookie is associated with Quantserve to track anonymously how a user interact with the website. This cookie is used to stores information about how the user uses the website such as what pages have been loaded and any other advertisement before visiting the website. Both on your website and other media. On August 30 2022, Industrial and Commercial Bank of China (stock code SH:601398; HK:1398) announced its business operations for the first half of the year. California (10) ET Industrial & Commercial Bank of China 1H Net CNY171.51B Vs. 1. Latest Ranking positions. Used by Google DoubleClick and stores information about how the user uses the website and any other advertisement before visiting the website. At the end of 2021, the Industrial and Commercial Bank of China (ICBC) had a total of 434,089 employees, including 410,766 employees in the head office and domestic branches, and major domestic holding companies. Overseas employment totals about 16,000, or 3.64% of the company total. JPMorgan has announced it will go "full force" in China to take on the state-run Industrial and Commercial Bank of China . Industrial and Commercial Bank of China has 5 employees across 51 locations and 800.08 b in annual revenue in FY 2020. Total Assets: 35171383: 33345058: 30109436 . Its overseas operations are concentrated in the Asia-Pacific, but ICBC has a growing presence in Europe (where it operates in the UK, Luxembourg, France, the Netherlands, Belgium, Italy, Spain, Poland, Greece, Russia, Turkey, the Czech Republic, Switzerland, and Austria) and in the Americas (where it operates in Canada, the US, Mexico, Panama, Peru, Brazil, and Argentina). In terms of total assets, the Industrial and Commercial Bank of China. The Support Rating of '1' reflects our expectation of an extremely high probability of . This cookie is set by doubleclick.net. [27] In 2010, Agricultural Bank of China broke ICBC's IPO record when it raised $22.1billion. You have probably come across the need to find a swift code (or BIC code) because you were asked for it through web banking while trying to wire money to a different bank than yours. Manufacturing: 662,376, 20.1% (28.7% in 2004), Transportation, storage, postage & telecommunications: 367,371, 11.2% (10.2% in 2004), Power, gas and water: 281,179, 8.6% (7.0% in 2004), Retail and wholesale, catering: 265,906, 8.1% (6.9% in 2004), Property development: 194,024, 5.9%, (5.6% in 2004), Social service organization: 103,070, 3.1%, (3.2% in 2004), Construction: 89,666, 2.7%, (2.1% in 2004), Other industries: 313,804, 9.5%, (12.1% in 2004), Discounted bills: 392,717, 11.9%, (8.4% in 2004), Personal loans: 515,042, 15.7%, (13.1% in 2004), Overseas business: 104,398, 3.2%, (2.7% in 2004), Mei Yingchun, former Ministry of Finance of the People's Republic of China and, Feng Weidong, former secretary of the Ministry of Finance of the People's Republic of China, Anthony Francis Neoh, former Hong Kong SEC chairman. As the 2005 annual report records, just under 5% of loans are classified as non-performing, in comparison with the majority of western banks who have lower NPL ratios (US commercial banks are typically around 1%). Please send an email to editors@supchina.com. . ICBC assets are around $4 trillion versus $2.6 trillion for JPMorgan. It was founded in 1983 and has approximately $2.78 billion in assets. Used to track the information of the embedded YouTube videos on a website. As the first and currently the only Chinese bank in Kuwait, the establishment of ICBC Kuwait Branch ended the history of no Chinese bank's presence in Kuwait. Company Info Industrial & Commercial Bank of China Ltd. Chen Siqing named ICBC chairman as string of management changes at Chinas top financial institution continues, "Ethiopia Dam Blot on China's Aid Record", "ICBC Standard Bank agrees deferred prosecution settlement with SFO", "Directors of Chinese bank arrested in Spain in money laundering probe", "Fed finds 'serious deficiencies' at China's ICBC", "China sentences former senior ICBC banker to life for bribery", "Industrial and Commercial Bank of China tops Forbes' Global 2000 list for seventh year, while 'Made in China 2025' sectors languish", Chinese Companies and the Hong Kong Stock Market, China Banking and Insurance Regulatory Commission, Ping An Insurance (Group) Company of China, Cheung Kong Infrastructure Holdings Limited, Henderson Land Development Company Limited, Wharf Real Estate Investment Company Limited, Semiconductor Manufacturing International Corporation, https://en.wikipedia.org/w/index.php?title=Industrial_and_Commercial_Bank_of_China&oldid=1126037903, Companies in the Hang Seng China Enterprises Index, Companies listed on the Hong Kong Stock Exchange, Companies listed on the Shanghai Stock Exchange, Multinational companies headquartered in China, Systemically important financial institutions, Pages with non-numeric formatnum arguments, CS1 Chinese (China)-language sources (zh-cn), Articles with dead external links from June 2016, Articles with dead external links from December 2017, Short description is different from Wikidata, Articles needing translation from Chinese Wikipedia, Articles containing Chinese-language text, Articles containing simplified Chinese-language text, Articles with Chinese-language sources (zh), Creative Commons Attribution-ShareAlike License 3.0, China Industrial and Commercial Bank, Company Limited by Shares. Industrial & Commercial Bank of China Ltd. engages in the provision of commercial banking and financial services. The bank has grown substantially since its founding, with assets now totaling more than $2 trillion USD. Al Nisr Publishing LLC 2022. Industrial and Commercial Bank of China Limited (ICBC; Chinese: ; pinyin: Zhnggu Gngshng Ynhng) is a Chinese multinational bank. Loans by industry. Almost all the repo financing that ICBC provides is on U.S. government bonds. This web site uses cookies to deliver a modern, enjoyable web site experience. Industrial and Commercial Bank of China Limited ( ICBC) is a multinational Chinese banking company . The Industrial and Commercial Bank of China Ltd (ICBC), the world's largest bank by assets, has listed five-tranche carbon-neutrality-themed bonds worth $2.68 billion on Nasdaq Dubai.. www.qcc.com/firm/02d68fdfc282fa75bcac3e3b30be5b4b.html, www.icbc-ltd.com/ICBCLtd/AboutUs/Introduction/, v.icbc.com.cn/userfiles/Resources/ICBCLTD/download/2021/2020AnnualReport.pdf, finance.yahoo.com/quote/1398.HK/key-statistics, static.sse.com.cn/disclosure/listedinfo/announcement/c/new/2022-04-28/601398_20220428_1_kL92HQsa.pdf, www.reuters.com/article/us-icbc-spain-investigation-idUSKBN23N2Q6, www.reuters.com/article/us-china-banks-usa-sanctions-exclusive/exclusive-chinese-banks-prepare-contingency-plans-over-threat-of-u-s-sanctions-sources-say-idUSKBN24A1I2, www.reuters.com/article/usa-icbc-finra-idUSL2N1SN130, www.ft.com/content/75f6c914-273b-11e8-b27e-cc62a39d57a0. [20][21], ICBC opened a branch in Luxembourg which became the European headquarters of the bank in 2011. It has purchased the Hong Kong subsidiary of Fortis Bank and rebranded it under its own name on 10 October 2005. Agricultural Bank of China, BNP Paribas Asset Management to Set Up Wealth Management JV Oct. 19, 2022 at 8:30 p.m. MORE INFO ICBC Makes Progress While Improving Quality in Sta ICBC Makes a Good Start in the First Half of 2021 ICBC Successfully Underwrites Bills to Support Dev Its overseas operations are concentrated in the Asia-Pacific, but ICBC has a growing presence in Europe (where it operates in the UK, Luxembourg, France, the Netherlands, Belgium, Italy, Spain, Poland, Greece, Russia, Turkey, the Czech Republic, Switzerland, and Austria) and in the Americas (where it operates in Canada, the US, Mexico, Panama, Peru, Brazil, and Argentina). In July 2007 it was ranked 30th in the world in terms of revenue. This cookie is set by Youtube and registers a unique ID for tracking users based on their geographical location. ICBC was Trump Tower's largest office tenant as of 2012. [63], In November 2015, ICBC Standard Bank, an overseas subsidiary acquired in February of that year, agreed to pay a fine of a maximum of $40million to UK authorities. The cookie is used in conjunction with _omappvs cookie to determine whether a user is new or returning. 23.5%. It is used integrate the sharing features of this social media. Industrial & Commercial Bank of China Ltd. ADR Watch list Create IDCBY Alert Open Last Updated: Sep 16, 2022 3:27 p.m. EDT Delayed quote $ 9.84 0.13 1.34% Previous Close $9.71 Advanced. [31][32], On 24 January 2011, ICBC opened a branch office in Madrid, Spain.[33]. Subsequently ICBC acquired the 20% stake from COSCO and a 5% stake from CSFB. Industrial and Commercial Bank of China USA, National Association is an FDIC insured institution located in New York, NY. Industrial and Commercial Bank of China employs a total of worldwide. January 22, 2020. As of 2 December 2014, ICBC is ranked the largest bank in the world by assets and by tier 1 capital.[36]. The largest and richest bank in the world is the Industrial and Commercial Bank of China (ICBC). Support Drives Ratings: Kazakhstan-based Industrial & Commercial Bank of China (Almaty) JSC's (ICBCK) Issuer Default Ratings (IDRs) of 'BBB+' and Shareholder Support Rating (SSR) of 'bbb+' reflect Fitch Ratings' view of a high probability of support, if needed, from the bank's parent, Industrial and Commercial . Industrial and Commercial Bank of China USA, South San Francisco Branch Full Service Brick and Mortar Office 235 Grand Avenue, Suite 101 South San Francisco, CA 94080. . You can manage them any time by clicking on the notification icon. Notable ICBC alumni include Chairman of CSRC Huiman Yi, and Deputy Governor of PBoC Gongsheng Pan. ICBC was ranked the 1st place among the Top 1000 World Banks by The Banker, ranked 1st place in the Global 2000 listed by Forbes and topped the sub-list of commercial banks of the Global 500 in Fortune for the seventh consecutive year, and took the 1st place among the Top 500 Banking Brands of Brand . In the runup to its planned initial public offering, on 28 April 2006, three "strategic investors" injected US$3.7billion into ICBC: ICBC was simultaneously listed on both the Hong Kong Stock Exchange and Shanghai Stock Exchange on 27 October 2006. Calculated by dividing a company's operating earnings by its total assets. Central Huijin Investment Ltd. is a wholly owned subsidiary of China Investment Corporation, Chinas sovereign wealth fund, for equity investment in Chinese companies as a means of exercising control in designated state-owned enterprises. . We manage our clients complexities and nuances, rendering the process more efficient while reducing their risk. This is used to present users with ads that are relevant to them according to the user profile. How ICBC Turkey Is Flourishing as an International Bank and Facilitating Stronger China-Turkey Relations. According to a patent application filed by the bank in January and revealed on Friday, the system envisions a platform whereby participating institutions . Then you can access your favorite statistics via the star in the header. [64], On 17 February 2016, the Spanish Guardia Civil supported by Europol, arrested six executives of the Spanish location of the bank accused of money-laundering. See insights on Industrial and Commercial Bank of China including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Following the global offering, the free float of shares was 22.14% of the market capitalization. All rights reserved. There are 7,467 employees in the company and 15,856 employees in overseas institutions. Meanwhile, ICBC's Shanghai-listed A-shares recorded more modest gains and ended up 5.1% from the offering price of RMB 3.12. The cookie is used to in conjunction with the _omappvp cookies. These cookies will be stored in your browser only with your consent. Banking Companies. The purpose of the cookie is to check when the cookies were last updated on the browser in order to limit the number of calls to the server-side cookie store. Member FINRA and SIPC. In January 2021, the CBIRC fined ICBC RMB 54.7 M (USD 8.5 M) for illegally investing its wealth management funds in the credit asset income rights or nonstandard asset income rights of other banks, while providing inadequate disclosure of wealth management product information.. Please do not hesitate to contact me. 2022 TheChinaProject.com. The Industrial and Commercial Bank of China (ICBC) is the world's largest bank in terms of assets. Having a 25.6% increase against previous year in net profit to RMB . The data collected including the number visitors, the source where they have come from, and the pages viisted in an anonymous form. This cookies is installed by Google Universal Analytics to throttle the request rate to limit the colllection of data on high traffic sites. This cookie is set by twitter.com. On 20 May 2011, Industrial and Commercial Bank of China Ltd. established two branches in Pakistan. Its operations include the following components: corporate banking, personal banking, and treasury operations among others. [62] International environmental groups have criticized ICBC for failing to adhere to its social environmental standards and of being hypocritical, because ICBC is involved in the financing of the controversial Gilgel Gibe III Dam in Ethiopia. Several former employees of ICBC have moved on to work in prominent government positions in China. Support-Driven Ratings: The IDRs of Industrial and Commercial Bank of China (Macau) Limited (ICBC Macau) are equalised with those of its parent, Industrial and Commercial Bank of China Limited (ICBC), which has an 89.3% stake. The establishment of a daily and further forecast of the exchange rate for customer service in currency conversion. Elaine Y. San Francisco, CA. ChinaEDGE: Unlimited access to all 1,000+ profiles. As of 2006, ICBC had 2.5million corporate customers and 150 million individual customers.[24]. ICBC is used to throwing its weight around and getting its way in China. Top 1000 World Banks by Tier 1 2022 - 1; Asia Pacific Rankings by Tier 1 2021 - View all Rankings for this Bank Select Peer Group. It is China's largest by asset scale and by share . This Ratings Navigator for Industrial and Commercial Bank of China Limited is a visual overview of the key quantitative and qualitative factors we analyse to arrive at an entity's credit rating, and embodies our commitment to providing clarity to investors and issuers. 8 Industrial Bank Co Ltd 941.973 9 China Merchants Bank*** 914.682 1,329.7 10 Agricultural Development Bank of China 873.419 11 Shanghai Pudong Development Bank 872.740 12 China Minsheng Banking Corp*** 850.877 977.3 13 China Citic Bank Corp 833.763 14 China Everbright Bank 595.097 15 The Export-Import Bank of China (Eximbank) 491.888 ** SOCB . For other uses, see, Zhnggu Gngshng Ynhng Gfn Yuxin Gngs, Francis Garrido & Saqib Chaudhry (2019) , CS1 maint: multiple names: authors list (, International Financial Reporting Standards, National Development and Reform Commission, Ministry of Finance of the People's Republic of China, Industrial and Commercial Bank of China (Asia), Industrial and Commercial Bank of China (Macau), Industrial and Commercial Bank of China (Thai), On Aesthetic and Cultural Issues in Pragmatic Translation: Based on the Translation of Brand Names and Brand Slogans, "the chinese word for Industrial and commercial bank of China", "MOVES-China picks BoC boss Chen Siqing to head top bank ICBC sources". . Total Assets: $2,781,046K: Deposits: $2,240,282K: US Deposits: $2,240,282K: Net Income: $9,220,000: More Information. To use individual functions (e.g., mark statistics as favourites, set Avoid this bank at any cost. Profit from the additional features of your individual account. [61], In 2005, the Chinese government arrested several government officials in addition to bankers with regards to the accusation of a scheme to take illegally US$900million from ICBC. The "Big Four". On August 30 2022, Industrial and Commercial Bank of China (stock code SH:601398; HK:1398) announced its business operations for the first half of the year. On 20 May 2011, Industrial and Commercial Bank of China Ltd. established two branches in Pakistan, one in Karachi, the other in Islamabad. Fiscal year is January-December. It also stores information about how the user uses the website for tracking and targeting. [53] To clean up ICBC's balance sheet and prepare it for overseas listing, the Chinese government orchestrated a series of capital injections, asset transfers, and government-subsidised bad loan disposals that eventually cost more than US$162billion. At the end of 2011, total assets reached RMB 15,476.868 billion, representing an increase of RMB 2,018.246 billion, or 15.0% over the end of previous year; Total liabilities reached RMB 14,519.045 billion at the end of 2011, up RMB 1,882.08 billion, or 14.9% from a year earlier. ICBC is headquartered in Beijing and founded in 1984, the bank listed its shares in mainland China and Hong Kong in 2006. [56], The company has 449, 226 employees, there are 24 members of the board, with one chairmen, one supervisory board chairman and one vice-chairman. Explore more features here. [61] It has also adopted the Green Credit Policy launched in 2007 by the Chinese Ministry of Environmental Protection. 78. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. ChinaEdge is a one-of-a-kind knowledge graph thatintegrates knowledge and news on the political, legal, financial, and ethical risks of investing in China. Delinquent or non-performing loans (NPL) total RMB 154.4billion, a significant reduction although the figures are widely regarded as being somewhat higher than officially stated. 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If the cookies are set, the user is a returning user. It is one of the "BIG FOUR" of the Heavenly Empire and controls almost 1/5 of all banking in China. Please create an employee account to be able to mark statistics as favorites. ICBC Makes Progress While Improving Quality in Sta ICBC Makes a Good Start in the First Half of 2021 ICBC Successfully Underwrites Bills to Support Dev The ICBC Dubai (DIFC) branch was responsible for the CNH-denominated tranche for the multi-currency issuance, pricing a two years CNH 2 billion note at 3.20 per cent. The cookie stores an ID that is used to display ads on the users' browser. This cookie is set by pubmatic.com. ROA. Analysis of the most profitable sources of placement of the Bank's . H1 . Chen Siqing, the current chairman, assumed his role[57] after resigning in April 2019 from Bank of China, where he was the chair, executive director and chairman and participating board member within the Strategic Development Committee. Privacy Policy. Current and historical return on assets (ROA) values for Industrial & Commercial Bank Of China (IDCBY) over the last 10 years. Not all features and capabilities are live yet. The notes generated a warm reception from investors and the final pricing was tightened by 55 basis points compared to the initial guidance, with order books exceeding CNH 14 billion by the time the final guidance was disclosed. Established in 1984, ICBC is one of China's four biggest state-owned commercial banks, alongside China Construction Bank . It was converted from RMB using the exchange rate from August 04, 2022.Source: ICBC 2021 Annual Reportv.icbc.com.cn/userfiles/Resources/ICBCLTD/download/2021/2020AnnualReport.pdf, Valuation is reported as market capitalization. The cookie is set under eversttech.net domain. This feature is for paid subscribers only. The purpose of the cookie is to enable LinkedIn functionalities on the page. Wng Jngw (), Executive Director, Vice-President, and Chief Risk Officer, Hung L (), Employee Representative Supervisor, W Xingjing (), Employee Representative Supervisor, Shn Bngx (), External Statutory Auditor, Wng Birng (), Senior Business Director, Gun Xuqng (), Secretary of the Board of Directors, Sng Jinhu (), Senior Business Director. According to Bloomberg, ICBC's market capitalisation at the end of trade based on its Hong Kong shares was US$156.3billion, making its equity the world's fifth highest among banks, just behind JPMorgan Chase. Get full access to all features within our Corporate Solutions. The data includes the number of visits, average duration of the visit on the website, pages visited, etc. Source: ICBC 2020 Annual Reportv.icbc.com.cn/userfiles/Resources/ICBCLTD/download/2021/2020AnnualReport.pdf. Whither International Banking Regulation? There are 7,467 employees in the company and 15,856 employees in overseas institutions.Source: ICBC 2021 Annual Reportstatic.sse.com.cn/disclosure/listedinfo/announcement/c/new/2022-04-28/601398_20220428_1_kL92HQsa.pdf. The Industrial and Commercial Bank of China (ICBC), one of China's "Big Four" state-owned commercial banks and one of the world's largest by total assets, is seeking to patent a blockchain system for the exchange of financial assets.. At the end of its first day of trading, the bank's shares closed up almost 15% at HK$3.52 in Hong Kong, compared with the listing price of HK$3.07, which was set at the top of the indicative range due to the strong demand. This section is about Living in UAE and essential information you cannot live without. Business data for Industrial and Commercial Bank of China: This page was last edited on 7 December 2022, at 05:24. In Argentina, the bank has ~1,000,000 individual customers, ~30,000 companies of all categories and more than 1600 corporate companies. Tue 21 Sep, 2021 - 3:12 AM ET. The corporate banking segment provides corporate loans, trade . ICBC Credit Suisse Asset Management Co., Ltd. Industrial and Commercial Bank of China (Canada), Industrial and Commercial Bank of China USA NA, Industrial and Commercial Bank of China (Mexico), Industrial and Commercial Bank of China (Pakistan), Industrial and Commercial Bank of China (Zurich). Show publisher information HOME; Introduction; Corporate Culture; Corporate Structure Do not translate text that appears unreliable or low-quality. Industrial and Commercial Bank of China. Read full definition. The figures are before netting agreements that can be used to reduce overall assets and liabilities. The cookies collect this data and report it anonymously. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Fast Facts Number of employees: 440,000 Refine by States. ICBC also maintains a small presence in South Africa.Source: ICBC 2020 Annual Reportv.icbc.com.cn/userfiles/Resources/ICBCLTD/download/2021/2020AnnualReport.pdf, Revenue is reported as operating income. Commercial Bank of China is one of the key financial institutions that operate in this said liquid financial environment. Ministry of Finance of the Peoples Republic of China, National Council for Social Security Fund, China Ping An Life Insurance Co., Ltd.-Traditional-General Insurance Products, China Life Insurance Company Limited Traditional Ordinary Insurance Product-005L-CT001 Shanghai, Taiping Life Insurance Co., Ltd.-Traditional-General Insurance Products-022L-CT001Shanghai, Chn Sqng (), Chairman and Executive Director, Lio Ln (), Vice Chairman, Executive Director, and President, Hung Lingb (), Chairman of the Board of Supervisors, Zhng Guy (), Executive Director and Executive Vice-President, L Yngzhn (), Non-Executive Director, Zheng Fuqing (), Non-Executive Director, Fng Widng (), Non-Executive Director, Ling Dngbng (), Independent Non-Executive Director, Yng Shoxn (), Independent Non-Executive Director, Anthony Francis Neoh (), Independent Non-Executive Director, Yang Siu Shun (), Independent Non-Executive Director, Shn S (), Independent Non-Executive Director, Nout Wellink, Independent Non-Executive Director, H Zli (Fred) (), Independent Non-Executive Director, Zhng Wi (), Shareholder Representative Supervisor? All Rights Reserved. This cookie is set by Facebook to deliver advertisement when they are on Facebook or a digital platform powered by Facebook advertising after visiting this website. This cookie is used to measure the number and behavior of the visitors to the website anonymously. 08.30.2022 ICBC Registers a Stable Performance with On August 30 2022, Industrial and Commercial Bank of China (stock code SH:601398; HK:1398) announced its business operations for the first half of the year. In June 2020, ICBC and other Chinese banks reportedly prepared contingency plans for potential U.S. legislation that could penalize banks for serving officials who implement the new national security law for Hong Kong. On 24 September 2014, ICBC Kuwait Branch officially opened in Kuwait City, capital of Kuwait. [54] This included an approval for a cash injection of US$15billion (financed from China's massive foreign exchange reserves) on 28 April 2005. On 25 May 2015, the Company further strengthened its presence in the Middle East and Europe by purchasing[37] Turkey's TekstilBank and forming its ICBC Turkey subsidiary. If you are an admin, please authenticate by logging in again. ICBC has $4,322 billion total assets according to the latest data, and its market capitalization totals $424 billion. Mr. Wang Bairong. Overseas employment totals about 16,000, or 3.64% of the company total. In October 2006, the Industrial and Commercial Bank of China (ICBC) completed the world's largest initial public offering (IPO), listing shares on the Shanghai and the Hong Kong stock exchange, raising more than 21 billion dollars (Hill, 2011). Check 2 client reviews, rate this bank, find bank financial info, routing numbers . Asset Publisher. https://thechinaproject.com/company-profiles/industrial-and-commercial-bank-of-china/. 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