INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED

Industrial and Commercial Bank of China Limited

Industrial and Commercial Bank of China Limited, a central financial enterprise, was established on November 22, 1985. Its legal representative is Chen Siqing.

On September 1, 2019, the list of top 500 Chinese service enterprises in 2019 was released in Jinan, and ICBC ranked second. On May 13, 2020, as the first group of initiators, we launched the "digital transformation partnership action" initiative with the national development and Reform Commission and other departments.

In July 2020, industrial and Commercial Bank of China Co., Ltd. ranked fifth among Fortune 500 in 2020.

Company profile

Industrial and Commercial Bank of China Limited is a well-known joint-stock commercial bank with abundant capital, advanced management, rich experience and international reputation. It has been selected as one of the top 1000 banks in the world by British banker magazine for five consecutive years, as "China's best bank" by American global finance magazine for three consecutive times, and as "China's best bank" by Hong Kong Asian Currency magazine for two consecutive times "The best mainland commercial bank".

After 21 years of development, total assets, total capital, core capital, operating profit and other indicators are ranked first in the domestic industry. It has unparalleled advantages in China's financial market. Formerly known as "industrial and Commercial Bank of China", it has a history that other domestic commercial banks do not have. It was successfully listed in Shanghai and Hong Kong in 2006.

Company honor

The company ranks fourth in the 2006 top 500 Chinese enterprises jointly released by China Enterprise Federation and China Entrepreneurs Association, fourth in the 2007 Top 500 Chinese enterprises, and sixth in fortune China 500 in 2019.

In August 2019, industrial and Commercial Bank of China was selected as "top 50 of China's best board of directors" by fortune.

On September 1, 2019, the top 500 Chinese enterprises in 2019 were released, and ICBC ranked fifth; the top 500 Chinese service enterprises in 2019 were released in Jinan, and ICBC ranked second.

In 2019, it will be listed as "the most admired Chinese company in 2019" in fortune.

On November 19, 2019, the list of Asian financial competitiveness in 2019 was announced, and ICBC won the "best commercial bank of 2019" award.

On January 11, 2020, the "top 500 list of China's corporate social responsibility in 2019" was released, and industrial and Commercial Bank of China Limited ranked 19th.

In November 2020, it was rated as "national advanced collective of internal audit from 2017 to 2019".

In December 2020, novel coronavirus pneumonia was launched in 2020 to be a prominent contribution to the new crown pneumonia epidemic.

Nature of Business

To handle RMB deposit and loan; interbank lending business; domestic and foreign settlement; to handle bill acceptance, discount and rediscount; various exchange business; to act as an agent for fund clearing; to provide letter of credit service and guarantee; to act as an agent for sales business; to act as an agent for issuing, underwriting and cashing government bonds; to act as an agent for collection and payment; to act as an agent for securities fund clearing business (bank securities transfer); and to act as an insurance agent Business agency; Loan Agency for policy banks, foreign governments and international financial institutions; safe deposit box services; issuance of financial bonds; trading of government bonds and financial bonds; securities investment funds and enterprise annuity custody services; enterprise annuity trustee management services and annual accounts management services; registration, subscription, purchase and redemption of open-end funds; credit adjustment Consulting and witnessing business; loan commitment; corporate and personal financial consulting services; organizing or participating in syndicated loan; foreign exchange deposit; foreign exchange loan; foreign exchange exchange; export collection and import collection; acceptance and discount of foreign exchange bills; foreign exchange loan; foreign exchange guarantee; issuing, acting as an agent for issuing, trading or acting as an agent for trading foreign currency securities other than stocks; self operated and acting as an agent for foreign exchange Trading; foreign exchange financial derivative business; bank card business; telephone banking, online banking, mobile banking business; handling foreign exchange settlement and sales business; other business approved by the banking regulatory authority of the State Council. (enterprises shall choose their own business projects and carry out business activities according to law; projects that need to be approved according to law shall carry out business activities according to the approved contents after being approved by relevant departments; they shall not engage in business activities of projects prohibited or restricted by the city's industrial policies.)

Violation of laws and regulations

In January 2021, the China Banking and Insurance Regulatory Commission imposed a fine of 54.7 million yuan in accordance with the law for a number of illegal behaviors, such as ICBC's financial funds investing in other banks' credit asset usufruct or non-standard asset usufruct, and the information disclosure of financial products was not in place.