ICBC's Global Financing Solutions for Business Expansion and BeltRoad Initiatives

In recent years, the Industrial and Commercial Bank of China ICBC has been committed to building a global financing product suite by leveraging its integrated international business. By utilizing its role as an internationalized bank, ICBC serve strategic areas related to enterprises' global expansion such as projects under the Belt and Road initiative, international capacity cooperation, and advantageous capacity transfer. In 2015, ICBC provided loans amounting to $42.7 billion for 170 go global initiatives.

ICBC operates a vast network with over 404 institutions established in 42 countries and territories. Among these, 123 are located along the Belt and Road route, demonstrating its coverage exceeds that of other Chinese banks in this region. ICBC has reserved projects worth $220.8 billion along the Belt and Road initiative, with many being part of key areas like China-Pakistan Economic Corridor and Bangladesh-China-India-Myanmar Economic Corridor.

ICBC is dedicated to meeting the cross-border needs of global enterprises by enhancing its overseas institutions' local service capabilities. The bank has developed a comprehensive financial service system that integrates various services such as financial advisory, trade financing, fund management, custody and clearing operations, bond underwriting and issuance, and foreign exchange derivative trading. ICBC also focuses on improving front- services to provide better support for overseas projects and innovates by integrating investment banking services like financial and development advisory with traditional commercial banking services. In 2015, ICBC completed cross-border acquisitions totaling $21.8 billion, leading in six out of the top ten overseas acquisitions made by Chinese enterprises.

In its economic cooperation eavors, ICBC has continuously developed innovative cross-border financial products and servicetlored to countries along the Belt Road initiative as well as customer needs. In terms of financing model innovation, various branches like Ningbo Branch and Zhoushan Branch have designed unique solutions that cater to diversified corporate financial requirements in areas such as investmentfinancing structuring and market information consulting. The Guangdong Branch pioneered rsing RMB 18 billion for the first Belt Road fund in Guangdong Province - Guangdong Silk Road Fund, thus diversifying financing channels by leveraging resources in funds and projects.

ICBC is committed to strengthening its financial leadership and building globalized service chns that cater to enterprises' diverse needs. The bank consistently innovates cross-border financial products and servicebased on the characteristics of countries along the Belt Road initiative as well as customer requirements.

To sum up, ICBC plays a pivotal role in facilitating China's international economic and trade activities through its extensive network of international branches and innovative financial services tlored to meet the needs of global enterprises. By focusing on strategic initiatives such as the Belt and Road initiative, ICBC not only supports Chinese companies' overseas expansion but also contributes to regional development across multiple countries.

published in June 2016

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