Industrial and Commercial Bank of China (ICBC)

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Industrial and Commercial Bank of China (ICBC)

Founded in 1984, Industrial and Commercial Bank of China (ICBC) is one of China's 'Big Four' state-owned commercial banks - the other three are Bank of China, Agricultural Bank of China, and China Construction Bank.

Chairman

Liao Lin

Chairman of ICBC Asia

Dr. Liu Yagan

Vice Chairman, Executive Director and President

Liu Jun

Vice Chairman, Executive Director and Chief Executive Officer of ICBC (Asia)

He Xiaojian

Industry

Banking, Financial Services, Fund & Asset Management

Website

www.icbcasia.com

Headquarters address

No. 55 Fuxingmennei Avenue, Xicheng District, Beijing, 100140, China

Year founded

1984

in partnership with:

ICBC (Asia)

ICBC (Asia), established in 2000, is a major commercial bank providing comprehensive financial services and serving as ICBC Group's key flagship for overseas expansion and offshore RMB business.

C-Suite Member

Tony Mak
Deputy Chief Executive, ICBC Asia

LATEST UPDATES

www.icbcasia.com/hk

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Hong Kong shares fell on Wednesday after China reported poor manufacturing data for April. Photo: Jelly Tse

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Banks will offer consumer loans at 3 per cent to boost their net interest margins, which hit a low of 1.52 per cent at the end of last year.

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All six state-owned commercial banks posted moderate profit growth for last year, as non-performing loan ratios declined slightly.

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Local subsidiary of China’s largest bank has ‘zero’ non-performing loans from Hong Kong developers and plans to increase home mortgages.

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A worker cleans a pool near residential construction projects in the Kai Tak area of Hong Kong on March 11, 2025. Photo: May Tse

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Companies have traditionally given staffers lai see packets on the first working day of the Lunar New Year.

30 Jan 2025 - 1:11PM

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Industrial and Commercial Bank of China (ICBC)

Chinese banks embrace cheaper short-term loan rates. A risk to profits?

As some major lenders begin pricing corporate debt against flexible short-term markets, analysts warn the shift could squeeze net interest margins even further.

Margins rise for China’s commercial banks, but will weak lending undo the gains?

Elite company: the firms that were China’s most valuable before CXMT

7 of world’s 10 biggest banks are now Chinese as Beijing’s financial aims grow

China’s ‘big four’ banks took the top spots in The Banker’s latest global ranking, with JPMorgan Chase following in fifth place.

Hong Kong inaugurates trial operation of gold clearing and settlement system

Chief Executive John Lee announces ‘milestone’ for city’s gold trading ecosystem at Hong Kong FIC & Bond Connect Summit.

UK trade secretary hosts Chinese delegation in bid to boost services

Peter Kyle and China’s Commerce Minister Wang Wentao will launch an initiative to support UK businesses expanding their exports into China.

Gold, cruises and Dior: Hong Kong lenders aim to entice mainland China visitors

With 980,000 visitors from the mainland expected during golden week, Hong Kong lenders line up incentives to capture wealthy customers.

.css-1pcrwvc{color:#2aa191;}Editorial | Hong Kong’s West Kowloon arts hub must use financial reprieve wisely

While loans and bonds are a short-term fix, the West Kowloon Cultural District Authority needs sound strategies to ensure sustainable cash flow.

Hong Kong’s West Kowloon arts hub secures HK$3 billion, 10-year loan facility

Deal, together with US$1 billion bond issuance in tranches, will help operator meet financing challenges until property project generates revenue.

Digital finance forum: AI, data to smooth trade-finance processes

Bankers from HSBC, Hang Seng Bank and ICBC Asia tout technology innovation to ease pain points for trade-finance clients.

Hong Kong, Shenzhen push secure data corridor to boost AI, fintech opportunities

White list for cross-border data transfers is being established to enhance transparency and pave the way for deeper collaboration.

Ant Group affiliate OceanBase uses Hong Kong as hub to challenge Oracle

Oracle remains the world’s top database provider, but OceanBase has an infrastructure better suited for AI workloads, CEO says.

New lending and repo plans accelerate the yuan’s challenge to the US dollar

Hong Kong is the largest offshore yuan market worldwide, with 76 per cent of offshore yuan payments in August conducted in the city.

Hong Kong banks battle for wealthy mainland clients during ‘golden week’ holiday

Hong Kong authorities estimate that as many as 1.54 million mainland visitors will cross the border during the eight-day holiday.

China’s banks face their ‘Japanification moment’, S&P report warns

For China’s central bank, ‘safeguarding growth and social stability will take priority over bank profits’, the report says.

Profitability pressure grows for China’s state banks amid low rates

All six state banks, including ICBC and China Construction Bank, report lower margins alongside small reductions in bad loans.

Alibaba, Standard Chartered partner to accelerate AI adoption in banking sector

The British multinational bank will leverage AI solutions from Alibaba Cloud to boost operational efficiency and elevate customer experience.

Chinese firms’ H stocks trade at smallest discount to onshore shares in 5 years

The narrowing discrepancy reflects the Hong Kong market’s gains from global investors’ diversification efforts.

China gives Hong Kong new yuan transfer cap as payment link starts

Starting from noon on Sunday, the 17 million registered users of Hong Kong’s FPS will be able to remit up to HK$10,000 per day to 298 million users on the mainland’s IBPS.

Alibaba cements AI leadership as cloud unit reports fastest growth since 2022

Internally, the company is also betting big on the integration of AI technologies with its traditional e-commerce business.

CATL’s dilemma: top-of-the-range Hong Kong IPO price may cap first-day gains

EV battery maker’s 6.7 per cent discount to its Shenzhen-traded shares is much lower than the average 25 per cent discount for dual-listed Chinese firms.

AIA, Xiaomi lift Hang Seng Index, offsetting losses due to poor China PMI data

China’s April PMI falls to 49 from 50.5 in March and short of the consensus estimate of 49.7.

Chinese banks raise consumer loan rates from record low to protect margins

Banks will offer consumer loans at 3 per cent to boost their net interest margins, which hit a low of 1.52 per cent at the end of last year.

Chinese state banks’ 2024 profits rise, NPLs dip even as margins thin

All six state-owned commercial banks posted moderate profit growth for last year, as non-performing loan ratios declined slightly.

ICBC (Asia) backs Hong Kong developers with loan support as sector struggles

Local subsidiary of China’s largest bank has ‘zero’ non-performing loans from Hong Kong developers and plans to increase home mortgages.

Beijing allows Hong Kong banks to issue credit cards in China from March 1

The new rules will benefit lenders such as HSBC, Standard Chartered, Bank of East Asia and Hang Seng Bank, analysts say.

Former ICBC executive gets death sentence with reprieve for taking bribes

Zhang Hongli, who was vice-president of the state-owned bank, accepted bribes in exchange for help with loan financing and securing jobs.

Hong Kong banks offer lai see, hampers, Asia Miles to returning workers

Companies have traditionally given staffers lai see packets on the first working day of the Lunar New Year.

Editorial | Hong Kong’s West Kowloon arts hub must use financial reprieve wisely