, China

ICBC grows assets by pursuing Chinese clients overseas

By extending its overseas operating institutions to 15 countries, ICBC's overseas operating assets as of end of June grew to US$46 billion, increasing 15 percent from the beginning of 2009. So far the Industrial and Commercial Bank of China had set up and owns 143 overseas branch institutions and banks and established agency relationships with 1378 banks in 125 countries and regions.

According to the ICBC, since more and more Chinese enterprises have "gone global," they have transformed from the previous global purchase and global sales to global production, and are gradually becoming transnational enterprises on their own.

"Many of the clients of ICBC are such enterprises, and going global with them practically means extending the integrated advantages in domestic business across the borders, utilising the joined forces in business and providing cross-border financial services for a great deal of Chinese enterprises that have gone global," said an ICBC statement.

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Lorem Ipsum Three
Lorem Ipsum is simply dummy text of the printing and typesetting industry. 

Event News

Lorem Ipsum Three
Lorem Ipsum is simply dummy text of the printing and typesetting industry.