Industrial and Commercial Bank of China (ICBC)

Industrial and Commercial Bank of China was

established on 1 January 1984. On 28 October 2005,

the Bank was wholly restructured to a joint-stock

limited company. On 27 October 2006, the Bank was

successfully listed on both Shanghai Stock Exchange

and The Stock Exchange of Hong Kong Limited.

Through its continuous endeavor and stable

development, the Bank has developed into the

leading bank in the world, possessing an excellent

customer base, a diversified business structure, strong

innovation capabilities and market competitiveness.

The Bank regards service as the very foundation

to seek further development and adheres to

creating value through services while providing

a comprehensive range of financial products and

services to over 8.60 million corporate customers

and 680 million personal customers. The Bank has

been consciously integrating the social responsibilities

with its development strategy and operation

and management activities, and gaining wide

recognition in the aspects of supporting pandemic

containment, promoting inclusive finance, backing

poverty alleviation and rural revitalization, developing

green finance and participating in public welfare

undertakings.

The Bank always keeps in mind its underlying

mission of serving the real economy with its principal

business, and along with the real economy it

prospers, suffers and grows. Taking a risk-based

approach and never overstepping the bottom line, it

constantly enhances its capability of controlling and

mitigating risks. Besides, the Bank remains steadfast

in understanding and following the business rules of

commercial banks to strive to be a century-old bank.

It also stays committed to seeking progress with

innovation while maintaining stability, continuously

enhances the key development strategies, actively

develops the FinTech and accelerates the digital

transformation. The Bank unswervingly delivers

specialized services, and pioneers a specialized

business model, thus making it “a craftsman in large

banking”.

The Bank was ranked the 1st place among the Top

1000 World Banks by The Banker, the 1st place in the

Global 2000 by Forbes, and the 1st place in the list of

commercial banks of the Global 500 in Fortune for

the eighth consecutive year, and took the 1st place

among the Top 500 Banking Brands of Brand Finance

for the fifth consecutive year.

Strategic Significance:

Adherence to the guidance of Party building and strict governance: ICBC

adheres to and strengthens the Party’s leadership over financial work, deepens the building of

governance system and capacity, and improves the scientific decision-making and effectiveness of

governance.

Adherence to the customer first and serving the real economy: ICBC

sticks to the source of the real economy, commits itself to meeting people’s new expectations and

demands for financial services, and makes every effort to build the No.1 Personal Bank.

Adherence to the technology driven and value creation: ICBC empowers

operation and management by FinTech and creates superior value for the real economy, shareholders,

customers, employees and society.

Adherence to the international vision and global operation: ICBC actively

utilizes domestic and overseas markets and resources, improves the layout and content of international

development, and integrates it into China’s new pattern of high-level opening-up.

Adherence to the pragmatic transformation and reform: ICBC advances

reform in key areas and key links in keeping pace with the times, and seeks more room for

transformation and more vitality for reform.

Adherence to the solid foundation by risk control and talent-oriented

development: ICBC strengthens the bottom-line thinking, combines prevention and control,

and holds onto the lifeline of asset quality. ICBC strengthens humanistic care and corporate culture

building, and enhances staff cohesion.