Industrial and Commercial Bank of China Limited (ICBC)

ICBC is the largest financial institution in China, providing a wide range of insurance and banking services.


Financial and Banking  




MarketCap CN

CN China



Industrial and Commercial Bank of China Limited (ICBC) is a Chinese multinational banking and financial services company with headquarters in Beijing. Founded in 1984, it is currently the largest bank in the world by total assets and market capitalization. The bank provides a wide range of financial products and services to individuals, businesses, and government agencies, including corporate banking, personal banking, investment banking, and asset management.

Over the years, ICBC has grown rapidly through a combination of organic growth and strategic acquisitions. It has expanded its presence beyond China, with operations in more than 50 countries and regions around the world, including the Americas, Europe, Asia-Pacific, the Middle East, and Africa. The bank has also embraced technological innovation to enhance its customer experience and operational efficiency, and has been recognized as a global leader in digital banking. ICBC's success is a testament to its strong financial position, strategic vision, and commitment to serving its customers with integrity and excellence.


The Industrial and Commercial Bank of China Limited (ICBC) was founded on January 1, 1984, following the approval of the People's Bank of China. As one of the "Big Four" state-owned commercial banks in China, ICBC was established as a financial institution to provide banking services to both Chinese and foreign clients. In its early years, ICBC focused on expanding its domestic presence and gradually expanding its international operations. During this period, ICBC's financial performance improved steadily, with its assets and profits growing steadily, and the bank became an important contributor to China's economic growth.

In 1994, ICBC took the lead among China's four major banks to establish its first overseas branch in Singapore, marking the beginning of the bank's globalization strategy. In the years that followed, ICBC continued to expand its international presence by establishing branches and subsidiaries in other countries, such as Canada, the United States, the United Kingdom, and Australia. In 2000, ICBC became the first Chinese bank to be listed on the Hong Kong Stock Exchange and later on the Shanghai Stock Exchange. With its successful listing, ICBC became the world's largest bank by market capitalization at that time.

Since 2011, ICBC continued to expand its international presence by establishing new branches and subsidiaries in various countries, including the United States, Canada, Australia, and the United Kingdom. In 2011, ICBC acquired a controlling stake in Standard Bank, Africa's largest bank, which gave ICBC a foothold in the African market. ICBC also acquired the Turkish subsidiary of Tekstilbank, expanding its operations in Turkey. In 2015, ICBC opened a branch in Zurich, Switzerland, which marked the first time a Chinese bank had established a branch in a European financial center. In the same year, ICBC also announced plans to open a branch in Saudi Arabia, further expanding its presence in the Middle East.

ICBC has also continued to innovate and develop new products and services to meet the changing needs of its customers. In 2017, ICBC launched a mobile app called "iMobile" that allows customers to perform a range of banking transactions using their mobile devices. The app has been well-received, with over 100 million downloads to date. ICBC has also been active in developing new technologies, such as blockchain, to improve the efficiency and security of its operations. In 2018, ICBC became the first bank in China to issue a loan using blockchain technology. Looking ahead, ICBC is expected to continue its expansion both domestically and internationally, as well as its focus on innovation and technology.


The mission of Industrial and Commercial Bank of China Limited (ICBC) is to become a leading international bank by adhering to the principles of "customer first, service excellence, continuous innovation, prudent operation, and sustainable development." ICBC aims to provide comprehensive financial services to customers, support economic and social development, and create value for shareholders, employees, and society as a whole. To achieve this mission, ICBC focuses on digital transformation, innovation, risk management, and compliance, while also emphasizing corporate social responsibility and sustainable development.

ICBC's mission is guided by its core values, which include integrity, professionalism, innovation, and social responsibility. ICBC strives to uphold the highest standards of integrity and professionalism in all its business activities, and to foster a culture of innovation and creativity that enables the bank to stay ahead of the curve in a rapidly evolving financial landscape. At the same time, ICBC recognizes its social responsibilities and is committed to promoting sustainable development, environmental protection, and social welfare through various initiatives and programs.


ICBC's vision is to be a world-class and comprehensive financial services provider, adhering to the principles of "customer first, service-oriented, and pursuit of excellence." The bank aims to become a leading global financial institution by offering comprehensive financial services to customers worldwide, building a sustainable business model, and contributing to the development of the global economy.

ICBC's vision is based on the following principles:

Customer first: ICBC places the customer at the center of all business activities and aims to exceed customer expectations by providing high-quality products and services.

Service-oriented: ICBC strives to provide excellent and efficient services to customers, and continuously improve customer satisfaction.

Pursuit of excellence: ICBC is committed to pursuing excellence in all aspects of its business, including risk management, corporate governance, and social responsibility, to become a world-class financial institution.

Key Team

Chen Siqing (Chairman Executive Board)

Liao Lin (President; Vice Chairman Executive Board)

Wang Jingwu (Director; Chief Risk Officer; Vice President Executive Board)

Wang Bairong (Chief Business Officer Senior Management)

Song Jianhua (Chief Business Officer Senior Management)

Recognition and Awards
The Industrial and Commercial Bank of China (ICBC) has won numerous awards and recognition for its achievements in the financial industry. Here are some of the major awards and recognition won by ICBC: Best Bank in China - Euromoney Awards for Excellence (multiple years) Best Bank in China - Global Finance World’s Best Bank Awards (multiple years) Bank of the Year in China - The Banker (multiple years) Global Bank of the Year - The Banker (2013) Best Retail Bank in China - The Asian Banker (multiple years) Best Private Bank in China - The Asian Private Banker (multiple years) Best Bank in Asia-Pacific - Bloomberg Businessweek (2012)

Products and Services

Industrial and Commercial Bank of China Limited (ICBC) offers a wide range of products and services to its customers. The bank's main products and services include:

Retail banking services: ICBC provides various retail banking services, including savings accounts, deposit certificates, personal loans, debit and credit cards, wealth management services, and insurance products.

Corporate banking services: The bank offers corporate banking services such as corporate deposits, loans, project financing, trade financing, investment banking, and treasury services.

International banking services: ICBC provides international banking services to its customers, including trade financing, settlement services, foreign exchange services, and international investment banking.

Additionally, ICBC also offers online banking services, mobile banking services, and self-service banking services, allowing customers to conduct their banking transactions efficiently and conveniently. The bank's products and services cater to the needs of individuals, small and medium-sized enterprises, and large corporations, both domestically and internationally.

Industrial and Commercial Bank of China Limited (ICBC)
Leadership team

Chen Siqing (Chairman)

Gu Shu (CEO)


Financial and Banking

Products/ Services
Finance and insurance, consumer banking, corporate banking, investment banking, investment management, global wealth management, private equity, mortgage loans, credit cards
Number of Employees
Above 50,000
Beijing, China
Company Type
Public Limited Company
Company Registration
SEC CIK #0001445468
Above - 1B
Traded as
Social Media

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