Founded in 1984, it is a global systemically important bank, a leading fund custodian, a Fortune 500 company, and a listed bank with a large market capitalization, customer deposits and profits

Industrial and Commercial Bank of China was established on January 1, 1984. On October 28, 2005, it was restructured into a joint stock limited company. On October 27, 2006, it was successfully listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange on the same day. Through continuous efforts and steady development, it has become one of the world's leading banks, with a high-quality customer base, diversified business structure, strong innovation capabilities and market competitiveness, providing a wide range of financial products and services to 5.784 million corporate customers and 530 million individual customers around the world. We will serve the real economy as the starting point and foothold of operation and management, adhere to new ideas, new finance, and new services, support supply-side structural reform, economic transformation and upgrading, and achieve our own healthy and sustainable development. Deepening reform and innovation and business transformation, retail finance, asset management and financial markets have become important engines of profitable growth. The international and integrated business structure has been continuously improved, and the overseas network has been expanded to 42 countries and regions, and the profit contribution has been further improved. In 2016, for the fourth consecutive year, it topped the three authoritative rankings of The Banker's 1,000 largest global banks, Forbes Global 2000 and Fortune's "Top 500 Commercial Banks" sub-list.

Business Overview

At the end of 2016, the total assets were RMB24,137.265 billion, an increase of RMB1,927.485 billion or 8.7% over the end of the previous year. total liabilities were RMB22,156.102 billion, an increase of RMB1,746.841 billion or 8.6% over the end of the previous year; Net profit for the year was RMB279.1 billion, up by 0.5%, with an average return on total assets (ROA) of 1.2%, a weighted average return on equity (ROE) of 15.24%, a core Tier 1 capital adequacy ratio of 12.87%, a Tier 1 capital adequacy ratio of 13.42% and a capital adequacy ratio of 14.61%. operating income was RMB675.891 billion, down by 3.1%, of which net interest income was RMB471.846 billion, down by 7.1%; non-interest income was RMB204.045 billion, up by 7.5%; Operating expenses were RMB315.576 billion, down by 6.7%, of which operating and administrative expenses were RMB175.156 billion, down by 1.5%, and the cost-to-income ratio was 25.91%.

Corporate Finance

At the end of 2016, the company had 5.784 million customers, an increase of 463,000 over the end of the previous year. For the seventh consecutive year, it was awarded "Best Corporate Bank in China" by Global Finance.

1. Company deposit and loan business. At the end of 2016, the balance of corporate loans was RMB8,140.684 billion, an increase of RMB271.132 billion or 3.4% over the end of the previous year. The balance of the Company's deposits was RMB9,448.520 billion, an increase of RMB1,011.506 billion, or 12.0%.

2. Small and medium-sized enterprise business. Promote the franchise model of small and micro financial business centers, set up 198 small and micro financial business centers, and adopt batch, standardized, and one-stop service methods to innovate and launch new products such as small guaranteed loans for micro customers, fixed asset construction loans for small and micro enterprises, tax credit loans for small and micro enterprises, and guaranteed loans for entrepreneurship. Awarded "Excellent Competitiveness Small and Micro Business Bank" by China Business News; The "ICBC Small and Micro Finance" brand won the "Annual Excellent Financial Service Award" at the China International Finance Exhibition.

3. Institutional financial business. Actively promote inter-industry cooperation and innovation, and the volume of third-party depository funds has remained the first in the market for seven consecutive years. The number of acting agents for the central government, the issuance of government official cards, the collection and issuance of social security funds, and the number of underwritten local government bonds and the amount of investment all rank first in the industry. Accelerate the promotion of cross-provincial and non-local traffic fines and confiscations, and the electronic system of centralized payment by the local treasury, and the business volume and transaction amount rank first in the industry; Successfully put into operation the electronic collection of local non-tax revenues, and became the only pilot bank that put into operation all payment channels at one time.

4. Settlement and cash management business. With the help of the five major platforms of industrial and commercial enterprise connect, small and micro enterprise platform, ICBC e-commerce, ICBC e-payment and large-amount capital monitoring, we will expand the scale of customers, innovate global cash management services, and provide customers with comprehensive financial solutions covering six product lines: account information, collection and payment, liquidity management, investment and financing, and risk management. At the end of 2016, the number of corporate settlement accounts was 6.96 million, an increase of 8.8% over the end of the previous year, and the settlement business volume reached 2,430 trillion yuan, an increase of 7.3% over the previous year, maintaining a leading position in the market in terms of business scale. the number of cash management customers was 1.431 million, an increase of 12.7%; The number of global cash management customers was 5,764, an increase of 17.3%.

5. International settlement and trade finance business. Actively expand export business from product innovation, credit policies, approval processes and green channels. Started to build "Internet international business", continued to expand the pilot scope of Bolero electronic document submission business, and signed a general-to-general cooperation agreement with ESS DOCS; Further enrich the cross-border remittance product system. In 2016, a total of US$70.2 billion of domestic international trade financing was disbursed, and the international settlement volume was US$2.5 trillion, of which US$897.3 billion was handled by overseas institutions.

6. Investment Banking. Promote the equity financing business in key areas such as fund of funds, government investment funds, mixed ownership reform and PPP projects, industrial funds, and market-oriented funds, and provide equity financing consulting services for nearly 100 enterprises. Actively expanded its bond underwriting business, and underwrote RMB1,522.4 billion of various debt financing instruments for the year. It underwrote 38.3 billion yuan of various green bonds, becoming the largest green bond underwriting bank in China. In 2016, the fee income of investment banking business was 25.024 billion yuan.