The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney is part of the Euromoney Institutional Investor PLC
Northeast Asia

New Silk Road Finance Awards 2017: Best bank for advising Chinese institutions on BRI

Industrial and Commercial Bank of China

New_Silk_Road_Finance_Awards_2017-200   

BELT AND ROAD          

Industrial and Commercial Bank of China has become a big player thanks to its focus on domestic growth. It is the country’s largest financial institution, with Rmb24.9 trillion ($3.78 trillion) of assets at the end of March, according to EY. But as the bank sees its domestic client base moving offshore, it is making efforts to move alongside them.

Its acquisition of Standard Bank’s UK business in February 2015 gave it control of a large commodities-trading book and a team with a long pedigree in the African markets. The growth over the last few years of ICBC Asia, its international investment banking arm, has allowed it to bring more of its clients offshore.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree