ICBC International

ICBC International is the venture capital and investment banking subsidiary of the Industrial and Commercial Bank of China (ICBC). They are wholly owned and based in Hong Kong. ICBC International leverages the capital base of their parent company to invest in various industries with a focus on underestimated listed and privatized companies with high growth potentials in Hong Kong, New York and Singapore.

Investment

ICBC International has investments in SCC Finance, WeShare, Yitu Technology, Grail, Chedhaoduo, JD Logistics and Meituan Bike.

Timeline

October 2017

Bank reported a 3.3 percent rise in its net profit for the third quarter.

2017

ICBC launched robo-advisor service to its wealth-management operations

November 2016

Bank obtained a license to take deposits in Russia.

February 17, 2016

Spanish Guardia Civil raided the offices of ICBC in Madrid, Spain, investigating suspicions of money laundering.

May 25, 2015

Company further strengthened its presence in the Middle East and Europe by purchasing[36] Turkey's TekstilBank and forming its ICBC Turkey subsidiary.

December 2, 2014

ICBC is ranked the largest bank in the world by assets and by tier 1 capital.

September 24, 2014

ICBC Kuwait Branch officially opened in Kuwait City, capital of Kuwait. 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. Meanwhile, it is also the fourth branch of ICBC in the Middle East, following branches in Dubai, Abu Dhabi and Doha.

July 2013

It was announced that South Africa's Standard Bank was in talks to sell its markets business in London to the Industrial and Commercial Bank of China for more than $500 million.

2013

During the 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.

2012

ICBC acquires a 80% stake (valued at $600 million) of Standard Bank Argentina, the largest operation of a Chinese bank in Latin America. In Argentina, the bank has ~1,000,000 individual customers, ~30,000 companies of all categories and more than 1600 corporate companies.