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{{Infobox company
#REDIRECT [[Industrial and Commercial Bank of China]]
| name = Industrial and Commercial Bank of China Limited
| logo = Industrial and Commercial Bank of China logo.svg
| logo_size = 250px
| type = Public company; [[State-owned enterprise]]
| traded_as = {{ubl|{{SSE|601398}} (A ordinary)|{{hkse|1398}} (H ordinary) |{{SSE|360011}} (CNY Preference)|{{SEHK|84602}} ([[Renminbi|CNH]] Preference)|{{SEHK|4603}} (US$ Preference)|{{SEHK|4604}} (€ Preference)|[[Hang Seng Index|Hang Seng Component]]}}
| ISIN = CNE1000003G1
| foundation = Beijing, China<br />({{Start date and age|1984}})
| location_city = Beijing
| location_country = China
| key_people = Chen Siqing (Chairman)<ref name="Reuters">{{Cite news|date=22 April 2019|title=MOVES-China picks BoC boss Chen Siqing to head top bank ICBC – sources|language=en|work=Reuters|url=https://www.reuters.com/article/china-icbc-chairman-idUSL3N22411E|access-date=24 July 2020}}</ref><ref>[https://www.wsj.com/market-data/quotes/DE/XBER/ICK/company-people/executive-profile/111645531 Si Qing Chen, 58 Chairman, Industrial & Commercial Bank of China Ltd.], published by the [[Wall Street Journal]] – accessed 7 February 2020</ref> <br>
Gu Shu (chief executive officer)<ref>[https://www.forbes.com/companies/icbc/#55771d101679 #1 ICBC], published by [[Forbes]], &, [http://www.icbc-ltd.com/ICBCLtd/Corporate%20Governance/Board%20of%20Directors/Board%20of%20Directors/ Board of Directors], published by ICBC – accessed 7 February 2020</ref>
| industry = Banking<br />[[financial services]]<br />investment services
| products = [[Finance and insurance]]<br />[[Retail banking|Consumer banking]]<br />[[Commercial bank|Corporate banking]]<br />[[Investment banking]]<br />[[Investment management]]<br />[[Private banking|Global wealth management]]<br />[[Private equity]]<br />[[Mortgage loans]]<br />[[Credit cards]]
| revenue = {{increase}} {{CNY|link=yes|725.12&nbsp;[[1,000,000,000|billion]]}}<br>$105.4&nbsp;billion (2018)<ref name="ar2018">{{cite web|title=Annual Report 2018|url=http://v.icbc.com.cn/userfiles/Resources/ICBCLTD/download/2019/2018AnnualReport20190425.pdf|publisher=Industrial and Commercial Bank of China|access-date=31 May 2019|language=en|archive-url=https://web.archive.org/web/20190602052157/http://v.icbc.com.cn/userfiles/Resources/ICBCLTD/download/2019/2018AnnualReport20190425.pdf|archive-date=2 June 2019|url-status=dead}}</ref><ref name=ICBC2016>{{cite web |url= http://v.icbc.com.cn/userfiles/Resources/ICBCLTD/download/2017/7_20170421.pdf |title= ICBC Annual Report 2016 |publisher= ICBC |access-date= 28 November 2017 |archive-url= https://web.archive.org/web/20171201041052/http://v.icbc.com.cn/userfiles/Resources/ICBCLTD/download/2017/7_20170421.pdf |archive-date= 1 December 2017 |url-status= live }}</ref>
| operating_income = {{increase}} {{CNY|link=yes|369.32&nbsp;[[1,000,000,000|billion]]}}<br>$53.68&nbsp;billion (2018)<ref name="ar2018" />
| net_income = {{increase}} {{CNY|link=yes|298.72&nbsp;[[1,000,000,000|billion]]}}<br>$43.42&nbsp;billion (2018)<ref name="ar2018" />
| assets = {{increase}} {{CNY|link=yes|27.70&nbsp;[[Trillion (short scale)|trillion]]}} US$4027.44&nbsp;billion (2018)<ref name=a202028/>
| equity = {{increase}} {{CNY|link=yes|2.33&nbsp;[[Trillion (short scale)|trillion]]}}<br>$338.7&nbsp;billion (2018)<ref name="ar2018" />
| num_employees = {{decrease}} 453,048 (2018)<ref name="ICBC in the Forbes">{{cite web|title=The World's Biggest Public Companies List – Forbes|url=https://www.forbes.com/companies/icbc/#408b56f31679|access-date=11 April 2019|archive-url=https://web.archive.org/web/20190401070056/https://www.forbes.com/companies/icbc/#408b56f31679|archive-date=1 April 2019|url-status=live}}</ref>
| owner = {{ubl|[[Chinese Central Government]]|(70.82% voting rights)|– [[Central Huijin Investment]] Co., Ltd (34.71%)<ref name=α202029>[http://www.huijin-inv.cn/wps/portal/!ut/p/a1/04_Sj9CPykssy0xPLMnMz0vMAfGjzOL9DMwMDJ2DDbwMfB3dDBwtDFx9_Y29jPxDzYAKInErcPc2xqvf15SAfhMi9Tu7O3qYmPsYGBiYWBgZeLo4ebiYW_oaGHiaEaffAAdwNCDk_3D9KHxKwCGAV4EJTAE-P4AV4HFkQW5oaGiEQaZnuqIiAF07oL0!/dl5/d5/L2dBISEvZ0FBIS9nQSEh/ 中央汇金投资有限责任公司] – ([https://www.google.com/search?q=%E4%B8%AD%E5%A4%AE%E6%B1%87%E9%87%91%E6%8A%95%E8%B5%84%E6%9C%89%E9%99%90%E8%B4%A3%E4%BB%BB%E5%85%AC%E5%8F%B8&rlz=1C1GCEA_enGB887GB887&oq=%E4%B8%AD%E5%A4%AE%E6%B1%87%E9%87%91%E6%8A%95%E8%B5%84%E6%9C%89%E9%99%90%E8%B4%A3%E4%BB%BB%E5%85%AC%E5%8F%B8&aqs=chrome..69i57.217376j0j4&sourceid=chrome&ie=UTF-8 Central Huijin Investment Co., Ltd]) & [https://www.banktrack.org/bank/industrial_commercial_bank_of_china Bank Profiles], BankTrack, published November 2016, republished 2019 April 12 – accessdate 7 February 2020</ref>|– [[Ministry of Finance of the People's Republic of China|Ministry of Finance]] (34.60%)|– [[China Securities Finance]] (1.23%)|[[Temasek Holdings]] (2.44% voting rights)|{{nowrap|[[National Council for Social Security Fund|NSSF]] (2.43% voting rights)}}|others (24.31% voting rights)}}
| ratio = {{increase}} 12.87% (CET1)<ref name=ICBC2016/>
| rating =
| homepage = {{URL|icbc.com.cn}}
| footnotes =
}}
'''Industrial and Commercial Bank of China Limited''' ('''ICBC''') is a [[Multinational corporation|multinational]] [[Chinese banks|Chinese banking company]].
 
Founded as a [[limited company]] on 1 January 1984,<ref name=i2020125d/> ICBC is a [[State-owned enterprise|state-owned]] [[commercial bank]]. With [[Capital (economics)|capital]] provided by the [[Ministry of Finance of the People's Republic of China|Ministry of Finance of China]],<ref>Wei Lee & Steven Shuye Wang (2015) — [https://books.google.co.uk/books?id=645MCgAAQBAJ&printsec=frontcover&dq=Industrial+and+Commercial+Bank+of+China&hl=en&sa=X&ved=0ahUKEwjskLyklfDnAhUCQhUIHbewCVYQ6AEIKzAA#v=onepage&q=Industrial%20and%20Commercial%20Bank%20of%20China&f=false 2 Institutional Background and Data 2.1 China's banking industry], in, (Douglas Cumming, Alessandra Guariglia, Wenxuan Hou, Edward Lee; editors) [https://books.google.co.uk/books?id=645MCgAAQBAJ&printsec=frontcover#v=onepage&q&f=false Experiences and Challenges in the Development of the Chinese Capital Market], published by Springer 2015, {{ISBN|1137454636}}, {{ISBN|9781137454638}} – accessed 26 February 2020</ref> the bank's [[Tier 1 capital]] in 2013 was the largest of one thousand global banks, being the first bank headquartered in China to achieve this distinction in modern history.<ref>[[The Banker]], {{Cite news|title=Chinese bank tops global 1,000 ranking for first time|url=https://www.bbc.co.uk/news/business-23122491|work=[[BBC]]|access-date=1 July 2013|date=1 July 2013|archive-url=https://web.archive.org/web/20130701013943/http://www.bbc.co.uk/news/business-23122491|archive-date=1 July 2013|url-status=live}}</ref><ref name=α202029/> Subsequently, ranked the [[List of largest banks|largest bank in the world]] 2017 and 2018, by [[total assets]],<ref>[https://accuity.com/resources/bank-rankings-top-banks-in-the-world/ Ban.k Rankings – Top Banks in the World], published by [[Accuity]] ([[Reed Business Information]] Limited) – accessdate 9 February 2020</ref> (31 December 2020, US$4.324 [[trillion]]<ref name=a202028>Francis Garrido & Saqib Chaudhry (2019) — [https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/50964984 The world's 100 largest banks], published 5 April 2019 by [[S & P Global]] – accessed 8 February 2020</ref>), ICBC was positioned at 1st in [[The Banker]]{{'}}s Top 1000 World Banks ranking, every year from 2012 to 2019,<ref>http://www.icbc.com.cn/icbc/en/newsupdates/icbc%20news/ICBCRanksFirstamongTop1000WorldBanksforSevenConsecutiveYears.htm – accessed 2 February 2020 (this source was used to add part not all of the associated content)</ref> and first (2019) on the [[Forbes Global 2000]] list of the world's biggest public companies.<ref name="Forbes Global 2000">{{cite web|title=The World's Biggest Public Companies List – Forbes|url=https://www.forbes.com/global2000/list/#tab:overall|access-date=6 November 2016|archive-url=https://web.archive.org/web/20150410062432/http://www.forbes.com/global2000/list/#tab:overall|archive-date=10 April 2015|url-status=live}}</ref> It is considered a [[Systemically important financial institution|systemically important bank]] by the [[Financial Stability Board]].
 
Several former employees of ICBC have moved on to work in prominent government positions in China. Notable ICBC alumni include Chairman of CSRC [[Yi Huiman|Huiman Yi]], and Deputy Governor of PBoC [[Pan Gongsheng|Gongsheng Pan]].
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
==History==
===Preconditions of 1948–1979===
From 1948 the [[mono-banking system]] of China was the [[People's Bank of China]], providing both policy lending, and, operations to the commercial sector. During 1978 to<ref name=中>D. Luo (2016) — [https://books.google.co.uk/books?id=ON6zCwAAQBAJ&printsec=frontcover#v=onepage&q&f=false The Development of the Chinese Financial System and Reform of Chinese Commercial Banks], p.1 – 1.1, published Springer 8 March 2016 {{ISBN|1137454660}}, {{ISBN|9781137454669}} The [[Nottingham China Policy Institute]] Series – accessed 26 February 2020</ref> 1979 banking reform was initiated by the government of China, with the express desire of bringing into existence a central bank accompanying four total central governmentally owned specializing banks, one of these four being ICBC.<ref>C. Meng (2009) — [https://books.google.co.uk/books?id=P1R1itoHqIYC&printsec=frontcover#v=onepage&q&f=false Multinational Banking in China: Theory and Practice], [https://books.google.co.uk/books?id=P1R1itoHqIYC&pg=PA32&dq=Industrial+and+Commercial+Bank+of+China&hl=en&sa=X&ved=0ahUKEwjJq6WDoPDnAhUNRhUIHaG5AX8Q6AEIMzAB#v=onepage&q=Industrial%20and%20Commercial%20Bank%20of%20China&f=false p.30 – <small>THE LIBERALIZATION PROCESS OF CHINA'S BANKING INDUSTRY</small>], published at [[Edward Elgar Publishing]] 1 January 2009 {{ISBN|184844611X}}, {{ISBN|9781848446113}}, New horizons in international business – accessed 26 February 2020</ref>
 
===1979–1985===
A [[Two-Tier banking system]] was made.<ref name=中/>
 
===1984–2005===
By rights of a contradiction within the economic functioning of the government of China, the [[People's Republic]], the [[State Council of China]],<ref name=中2020226/> during September of<ref name=中2020226中国工商银行/> 1983 made a decision to separate certain activities of the government to an exclusively operating organisation, subsequently named the Industrial and Commercial bank of China,<ref name=中2020226>http://www.icbc-ltd.com/ICBCLtd/About%20Us/ICBC%20History/ – accessed 8 February 2020</ref> established on 1 January 1984.<ref name=i2020125d>{{cite report|url=http://v.icbc.com.cn/userfiles/Resources/ICBCLTD/download/2017/7_20170421.pdf|title=2016 Annual Report|date=2017|access-date=6 February 2020|publisher=Industrial and Commercial Bank of China}}</ref>{{primary source inline|date=February 2020}} ICBC was then the fourth of the four specialist banks of 1978–1979 to be made,<ref name=中2020226中国工商银行/> from the taking of control of commercial activities<ref name=中2020226中国工商银行/> ("industrial credit and savings business"<ref name=gov.cn2020226>{{cite press release|page=3|url=http://www.beijing.gov.cn/zhengce/zfwj/zfwj/szfwj/201905/t20190523_70766.html|script-title=zh:北京市人民政府批转《中国人民银行北京市分行关于银行体制改革的请示》的通知|date=31 January 1984|access-date=6 February 2020|publisher=Beijing Municipal People's Government|language=zh-cn}}) – re-access (using translation function) 26 February 2020</ref>) from [[People's Bank of China]] so that the latter might be transformed to a newly made central bank.<ref name=中2020226中国工商银行>Vários Autores, [[Hassanali Mehran]], Bernard Laurens, Marc Quintyn, Thomas Nordman, [[International Monetary Fund]] Staff (1996) — Monetary and Exchange System Reforms in China: An Experiment in Gradualism, [https://books.google.co.uk/books?id=945d7iFdFXgC&pg=PT21&dq=two-tier+banking+system+of+China&hl=en&sa=X&ved=0ahUKEwi_1pKpqvDnAhVPURUIHeeoBKsQ6AEIKzAA#v=onepage&q=two-tier%20banking%20system%20of%20China&f=false p.12 (loads to 10)], published by the International Monetary Fund 26 September 1996 {{ISBN|1557755620}}, {{ISBN|9781557755629}}, IMF Occasional Paper no. 141 – accessed 26 February 2020</ref><ref name=gov.cn2020226/>
 
ICBC opened a branch in [[Luxembourg]] which became the European headquarters of the bank in 2011.<ref>{{cite web|url=http://usa.chinadaily.com.cn/epaper/2014-03/17/content_17352711.htm|title=Gateway to Europe-Business-chinadaily.com.cn|website=usa.chinadaily.com.cn|access-date=4 December 2017|archive-url=https://web.archive.org/web/20160304090909/http://usa.chinadaily.com.cn/epaper/2014-03/17/content_17352711.htm|archive-date=4 March 2016|url-status=live}}</ref> ICBC (Europe) S.A. operates a network covering branches in major European cities, namely Paris, [[Amsterdam]], Brussels, [[Milan]], Madrid, [[Barcelona]], [[Warsaw]] and [[Lisbon]].<ref>{{cite web|url=http://www.icbc.com.cn/icbc/icbc%20news/icbcs%20five%20branches%20in%20europe%20start%20operation.htm|title=ICBC's Five Branches in Europe Start Operation|website=Icbc.com.cn|access-date=11 January 2017|archive-url=https://web.archive.org/web/20160916195129/http://www.icbc.com.cn/ICBC/ICBC%20NEWS/icbcs%20five%20branches%20in%20europe%20start%20operation.htm|archive-date=16 September 2016|url-status=live}}</ref>
 
The bank's Hong Kong operations are listed under the name [[ICBC Asia]]. It has purchased the Hong Kong subsidiary of [[Fortis Bank]] and rebranded it under its own name on 10 October 2005.
 
In June 2005, ICBC Credit Suisse Asset Management Co., Ltd., a joint venture between ICBC (55%), Credit Suisse First Boston (25%) and COSCO (20%), was formally established in China. Subsequently ICBC acquired the 20% stake from COSCO and a 5% stake from CSFB.
 
===2006–2008===
====Customer base====
As of 2006, ICBC had 2.5&nbsp;million corporate customers and 150 million individual customers.<ref>{{cite web|url=http://www.chinadaily.com.cn/china/2006-09/27/content_698025.htm|date= 27 September 2006|title=Nation's largest commercial bank launches IPO|website=Chinadaily.com.cn|access-date=4 December 2017|archive-url=https://web.archive.org/web/20180829110225/http://www.chinadaily.com.cn/china/2006-09/27/content_698025.htm|archive-date=29 August 2018|url-status=live}}</ref>
 
====IPO====
In the runup to its planned [[initial public offering]], on 28 April 2006, three "strategic investors" injected US$3.7&nbsp;billion into ICBC:
 
* [[Goldman Sachs]] purchased a 5.75% stake for US$2.6&nbsp;billion, the largest sum [[Goldman Sachs]] has ever invested.<ref>{{cite news | url=http://www.economist.com/finance/displaystory.cfm?story_id=8031185 | work=The Economist | title=A dragon stirs | date=12 October 2006 | access-date=3 December 2006 | archive-url=https://web.archive.org/web/20061107071813/http://www.economist.com/finance/displaystory.cfm?story_id=8031185 | archive-date=7 November 2006 | url-status=live }}</ref>
* [[Dresdner Bank]] (a wholly owned subsidiary of [[Commerzbank]]) invested US$1&nbsp;billion.<ref name="financialservicesdistribution.com">{{cite web|url=http://www.financialservicesdistribution.com/get.asp?script=article&ID=28963|title=VRL KnowledgeBank|date=29 September 2007|access-date=4 December 2017|url-status=dead|archive-url=https://web.archive.org/web/20070929061057/http://www.financialservicesdistribution.com/get.asp?script=article&ID=28963|archive-date=29 September 2007}}</ref>
* [[American Express]] invested US$200&nbsp;million.<ref name="financialservicesdistribution.com"/>
 
[[File:ICBC Beijing.jpg|thumb|ICBC Beijing branch in 2 Fuxingmen South Street, Beijing]]
[[File:VM 5492 Xian - Industrial and Commercial Bank of China.jpg|thumb|The ICBC building in [[Xi'an]]]]
[[File:ICBC Tokyo Branch.jpg|thumb|The ICBC building in Tokyo]]
[[File:ICBC Tower Karachi.jpg|thumb|The ICBC building in [[Karachi]]]]
 
ICBC was simultaneously listed on both the [[Hong Kong Stock Exchange]] and [[Shanghai Stock Exchange]] on 27 October 2006. It was the world's largest [[initial public offering|IPO]] at that time valued at US$21.9&nbsp;billion, surpassing the previous record US$18.4&nbsp;billion IPO by Japan's [[NTT DoCoMo]] in 1998.<ref>[http://edition.cnn.com/2006/BUSINESS/09/27/china.icbc.reut/index.html] {{dead link|date=June 2016|bot=medic}}{{cbignore|bot=medic}}</ref> In 2010, [[Agricultural Bank of China]] broke ICBC's IPO record when it raised $22.1&nbsp;billion. China's largest commercial bank was also the first company to debut simultaneously on both the Hong Kong and Shanghai stock exchanges.
 
ICBC raised at least US$14&nbsp;billion in Hong Kong ([[H-shares]]) and another US$5.1&nbsp;billion in Shanghai ([[A-share (mainland China)|A-shares]]). Due to heavy subscriptions, the [[greenshoe]] (i.e. over-allotment) placements were exercised and ICBC's take rose to US$21.9&nbsp;billion (17% of ICBC's market value before the IPO), divided in US$16&nbsp;billion in Hong Kong and US$5.9&nbsp;billion in Shanghai. Following the global offering, the [[free float]] of shares was 22.14% of the [[market capitalization]].
 
At the end of its first day of trading, the bank's shares closed up almost 15% at HK$3.52 in Hong Kong, compared with the listing price of HK$3.07, which was set at the top of the indicative range due to the strong demand. According to [[Bloomberg L.P.|Bloomberg]], ICBC's [[market capitalisation]] at the end of trade based on its Hong Kong shares was US$156.3&nbsp;billion, making its equity the world's fifth highest among banks, just behind [[JPMorgan Chase]]. Meanwhile, ICBC's Shanghai-listed A-shares recorded more modest gains and ended up 5.1% from the offering price of RMB 3.12.
 
During July 2007 ICBC was ranked 30th in the world in terms of revenue.<ref>{{cite web|url=http://news.hereisthecity.com/news/business_news/6935.cntns|title=HITC Business – News|website=News.hereisthecity.com|access-date=11 January 2017|archive-url=https://web.archive.org/web/20110311110100/http://news.hereisthecity.com/news/business_news/6935.cntns|archive-date=11 March 2011|url-status=live}}</ref>
 
====Foreign activity====
In August 2008, ICBC became the second Chinese bank since 1991 to gain federal approval to establish a branch in New York City.<ref>{{cite web|url=http://www.federalreserve.gov/newsevents/press/orders/orders20080805a1.pdf|title=Order Approving Establishment of a Branch-Industrial and Commercial Bank of China Limited|website=Federalreserve.gov|access-date=4 December 2017|archive-url=https://web.archive.org/web/20170801083621/https://www.federalreserve.gov/newsevents/press/orders/orders20080805a1.pdf|archive-date=1 August 2017|url-status=live}}</ref> ICBC had signed a lease with the [[Trump Organization]] for office space in the [[Trump Tower]] in 2008. ICBC was Trump Tower's largest office tenant as of 2012.<ref>{{Cite news|url=https://www.bloomberg.com/news/articles/2016-11-28/trump-s-chinese-bank-tenant-may-negotiate-lease-during-his-term|title=When Chinese Bank's Trump Lease Ends, Potential Conflict Begins|last=Melby|first=Caleb|date=28 November 2016|website=Bloomberg.com|publisher=[[Bloomberg L.P.]]|access-date=17 December 2020}}</ref>
 
ICBC loans $400&nbsp;million towards the completion of the [[Gibe III dam]] in Ethiopia. Groups that oppose the dam such as [[International Rivers]] and [[Survival International]] have complained about or have written to ICBC against the dam's funding.<ref>[http://www.survivalinternational.org/news/6079 China's largest bank to fund devastating Ethiopian dam] {{Webarchive|url=https://web.archive.org/web/20100614053314/http://www.survivalinternational.org/news/6079 |date=14 June 2010 }}, Survival International</ref><ref>[http://www.internationalrivers.org/en/2010513/china%E2%80%99s-biggest-bank-support-africa%E2%80%99s-most-destructive-dam China's Biggest Bank to Support Africa's Most Destructive Dam] {{Webarchive|url=https://web.archive.org/web/20100617082751/http://www.internationalrivers.org/en/2010513/china%E2%80%99s-biggest-bank-support-africa%E2%80%99s-most-destructive-dam |date=17 June 2010 }}, International Rivers</ref>
 
===2011–2017===
[[File:ICBC Beijing Qunfang Sub-branch (20210907125048).jpg|thumb|The ICBC Beijing Qunfang Sub-branch at [[Universal Beijing Resort]]]]
On 24 January 2011, ICBC opened a branch office in Madrid, Spain.<ref name="thespainreport.com">{{cite web|url=https://www.thespainreport.com/articles/640-160217111501-spain-s-civil-guard-launches-money-laundering-operation-against-china-s-icbc-in-madrid|title=Spain's Civil Guard Launches Money Laundering Operation Against China's ICBC In Madrid|website=Thespainreport.com|access-date=11 January 2017|archive-url=https://web.archive.org/web/20180527181232/https://www.thespainreport.com/articles/640-160217111501-spain-s-civil-guard-launches-money-laundering-operation-against-china-s-icbc-in-madrid|archive-date=27 May 2018|url-status=dead}}</ref>
 
On 20 May 2011, Industrial and Commercial Bank of China Ltd. established two branches in [[Pakistan]], one in [[Karachi]], the other in [[Islamabad]]. On 18 August 2011, ICBC passed the examination from [[State Bank of Pakistan]] and started its business in Pakistan.
 
During November 2012, ICBC acquires a 80% stake (valued at $600&nbsp;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.
 
During the [[2013 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.<ref>{{cite web |url=http://english.mubasher.info/portal/CASE/getDetailsStory.html?goToHomePageParam=true&storyId=2316528 |title=More Chinese banks stop transactions with N.Korea – Mubasher |website=English.mubasher.info |date=11 May 2013 |access-date=18 May 2013 |archive-url=https://wayback.archive-it.org/all/20171012062029/https://english.mubasher.info/news/2316528/More-Chinese-banks-stop-transactions-with-N-Korea?currentUserCountryCode=US |archive-date=12 October 2017 |url-status=live }}</ref>
 
It was announced at the end of July 2013 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&nbsp;million.<ref>{{Citation
| url = https://www.reuters.com/article/standardbank-icbc-idUSL6N0G138U20130731
| title = Standard Bank to sell London business to ICBC for over $500 mln
| publisher = [[Reuters]]
| location = International
| date = 31 July 2013
| access-date = 1 July 2017
| archive-url = https://web.archive.org/web/20150924183459/http://www.reuters.com/article/2013/07/31/standardbank-icbc-idUSL6N0G138U20130731
| archive-date = 24 September 2015
| url-status = live
}}</ref>
 
On 24 September 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.
 
As of 2 December 2014, ICBC is ranked the largest bank in the world by assets and by [[tier 1 capital]].<ref>[http://www.thebanker.com/cp/20/T1000_25_Tier1&TotalAssets.gif] {{dead link|date=December 2017}}</ref>
 
On 25 May 2015, the Company further strengthened its presence in the Middle East and Europe by purchasing<ref>{{cite web|publisher=Hurriyet Daily News|title=ICBC becomes active in Turkey|url=http://www.hurriyetdailynews.com/icbc-becomes-active-in-turkeys-banking-sector-.aspx?pageID=238&nID=82921&NewsCatID=345|date=25 May 2015}}</ref> Turkey's TekstilBank and forming its [[ICBC Turkey]] subsidiary.
 
On 17 February 2016, the Spanish [[Guardia Civil]] raided the offices of ICBC in Madrid, Spain, investigating suspicions of money laundering.<ref name="thespainreport.com"/>
 
On 18 November 2016, the bank obtained a license to take deposits in Russia.
 
ICBC Financial Services, the bank's brokerage unit, provided about $88&nbsp;billion of repo financing at the end of 2015, up from $59&nbsp;billion two years ago, according to regulatory filings. The figures are before netting agreements that can be used to reduce overall assets and liabilities. Almost all the repo financing that ICBC provides is on U.S. government bonds.<ref>{{Citation
|url = https://www.bloomberg.com/news/articles/2016-08-23/using-chinese-money-a-hedge-fund-startup-bets-big-in-treasuries
|title = Using Chinese Money, a Hedge-Fund Startup Bets Big in Treasuries
|website = Bloomberg.com
|date = 22 August 2016
|access-date = 7 March 2017
|archive-url = https://web.archive.org/web/20161022115709/http://www.bloomberg.com/news/articles/2016-08-23/using-chinese-money-a-hedge-fund-startup-bets-big-in-treasuries
|archive-date = 22 October 2016
|url-status = live
}}</ref>
 
ICBC launched robo-advisor service to its wealth-management operations in 2017.<ref>{{Cite news|url=http://www.scmp.com/business/companies/article/2119722/icbc-launches-robo-adviser-service-wealth-management-products|title=ICBC launches robo-adviser service for wealth-management products|work=South China Morning Post|access-date=14 November 2017|language=en|archive-url=https://web.archive.org/web/20171114145016/http://www.scmp.com/business/companies/article/2119722/icbc-launches-robo-adviser-service-wealth-management-products|archive-date=14 November 2017|url-status=live}}</ref><ref>{{Cite news|url=https://www.finews.asia/finance/25951-chinese|title=ICBC Begins Robo Wealth Management|website=Finews.asia|access-date=14 November 2017|language=en-gb|archive-url=https://web.archive.org/web/20171115143226/https://www.finews.asia/finance/25951-chinese|archive-date=15 November 2017|url-status=live}}</ref>
 
In October 2017, the Bank reported a 3.3 percent rise in its net profit for the third quarter.<ref>{{Cite news|url=https://www.reuters.com/article/china-banks-results/update-1-chinas-top-bank-icbc-q3-profit-rises-3-3-pct-above-estimates-idUSL4N1N53N9|title=UPDATE 1-China's top bank ICBC Q3 profit rises 3.3 pct, above estimates|date=2017|work=Reuters|access-date=14 November 2017|archive-url=https://web.archive.org/web/20171115082958/https://www.reuters.com/article/china-banks-results/update-1-chinas-top-bank-icbc-q3-profit-rises-3-3-pct-above-estimates-idUSL4N1N53N9|archive-date=15 November 2017|url-status=live}}</ref>
 
==Finances==
===Accounting===
ICBC has the policy<ref name=a202029/> of preparing accounts confirming to the<ref name=a202028/> [[International Financial Reporting Standards]],<ref>[https://corporatefinanceinstitute.com/resources/knowledge/accounting/what-are-ifrs-standards/ ifrs standards], published by [[Corporate Finance Institute]] Education Inc – accessdate 9 February 2020</ref><ref name=a202028/> accepting specifically criteria [[IFRS 9]] (pertains to the definition and rating of asset, liability, and a number of all of the existing purchasing contracts for non-financial purchases<ref>[https://www.ifrs.org/issued-standards/list-of-standards/ifrs-9-financial-instruments/ List of standards], published by [[IFRS]] – accessdate 9 February 2020</ref>) from 1 January 2018. and [[IFRS 16]] (pertaining to [[lease]]<ref>[https://www.ifrs.org/issued-standards/list-of-standards/ifrs-16-leases/ List of standards], published by [[IFRS]] – accessdate 9 February 2020</ref>) from 1 January 2019.<ref name=a202029>[https://www.londonstockexchange.com/companies-and-advisors/international/documents/silkroad.pdf Offering Circular], p.6, [[London Stock Exchange]] – accessdate 9 February 2020</ref>
 
===Basic figures===
====2005====
In 2005, net profit was up 12.4% to RMB 33.7&nbsp;billion, and the total loan balance was RMB 3,289.5&nbsp;billion. Total liabilities are RMB 6,196.2&nbsp;billion, up 11.2%. Delinquent or [[non-performing loan]]s (NPL) total RMB 154.4&nbsp;billion, a significant reduction although the figures are widely regarded as being somewhat higher than officially stated. It has an NPL ratio of 4.69% and a [[capital adequacy ratio]] of 9.89%.
 
====Summary====
=====2003–2018=====
Financials in [[Renminbi]]<ref name="ar2018" /><ref name="ar2004">{{cite web|title=Annual Report 2004|url=http://www.icbc-ltd.com/icbc/html/download/nb/2005/p1-84en.pdf|publisher=Industrial and Commercial Bank of China Limited|access-date=22 July 2018|language=en|archive-url=https://web.archive.org/web/20110816004651/http://www.icbc-ltd.com/icbc/html/download/nb/2005/p1-84en.pdf|archive-date=16 August 2011|url-status=live}}</ref><ref name="ar2005">{{cite web|title=Annual Report 2005|url=http://www.icbc-ltd.com/icbc/html/download/nb/2005/2005_e.pdf|publisher=Industrial and Commercial Bank of China Limited|access-date=22 July 2018|language=en}}</ref><ref name="ar2008">{{cite web|title=Annual Report 2008|url=http://www.icbc-ltd.com/SiteCollectionDocuments/ICBC/Resources/ICBCLTD/%E5%B9%B4%E6%8A%A5/%E4%B8%8B%E8%BD%BD/2009/2008AnnualReport_Hshare.pdf|publisher=Industrial and Commercial Bank of China Limited|access-date=22 July 2018|language=en|archive-url=https://web.archive.org/web/20171013223951/http://www.icbc-ltd.com/SiteCollectionDocuments/ICBC/Resources/ICBCLTD/%E5%B9%B4%E6%8A%A5/%E4%B8%8B%E8%BD%BD/2009/2008AnnualReport_Hshare.pdf|archive-date=13 October 2017|url-status=live}}</ref><ref name="ar2011">{{cite web|title=Annual Report 2011|url=http://www.icbc-ltd.com/SiteCollectionDocuments/ICBC/Resources/ICBCLTD/%E4%B8%8B%E8%BD%BD/2012/2011%E5%B9%B4%E5%BA%A6%E6%8A%A5%E5%91%8AH%E8%82%A1%E8%8B%B1%E6%96%87.pdf|publisher=Industrial and Commercial Bank of China Limited|access-date=22 July 2018|language=en|archive-url=https://web.archive.org/web/20180724154206/http://www.icbc-ltd.com/SiteCollectionDocuments/ICBC/Resources/ICBCLTD/%E4%B8%8B%E8%BD%BD/2012/2011%E5%B9%B4%E5%BA%A6%E6%8A%A5%E5%91%8AH%E8%82%A1%E8%8B%B1%E6%96%87.pdf|archive-date=24 July 2018|url-status=live}}</ref><ref name="ar2014">{{cite web|title=Annual Report 2014|url=http://v.icbc.com.cn/userfiles/Resources/ICBCLTD/download/2015/22014AnnualReport_20150421.pdf|publisher=Industrial and Commercial Bank of China Limited|access-date=22 July 2018|language=en|archive-url=https://web.archive.org/web/20180517021051/http://v.icbc.com.cn/userfiles/Resources/ICBCLTD/download/2015/22014AnnualReport_20150421.pdf|archive-date=17 May 2018|url-status=live}}</ref><ref name="ar2017">{{cite web|title=Annual Report 2017|url=http://v.icbc.com.cn/userfiles/Resources/ICBCLTD/download/2018/720180423.pdf|date=27 March 2018|publisher=Industrial and Commercial Bank of China Limited|access-date=22 July 2018|language=en|archive-url=https://web.archive.org/web/20180723003849/http://v.icbc.com.cn/userfiles/Resources/ICBCLTD/download/2018/720180423.pdf|archive-date=23 July 2018|url-status=live}}</ref>
 
{| class="wikitable"
|-
! Year !! 2003 !! 2004 !! 2005 !! 2006 !! 2007 !! 2008 !! 2009 !! 2010
|-
| Revenue, bln || 107.5 || 126.7 || 193.1 || 181.6 || 257.4 || 310.2 || 309.4 || 380.7
|-
| Net Income, bln || 2.473 || 2.311 || 33.70 || 49.26 || 81.52 || 110.8 || 129.4 || 166.0
|-
| Assets, trln || 5.279 || 5.671 || 6.454 || 7.509 || 8.684 || 9.757 || 11.79 || 13.46
|-
| Equity, bln || 170.5 || 163.0 || 253.4 || 466.5 || 538.4 || 602.7 || 673.9 || 820.4
|}
 
{| class="wikitable"
 
! Year !! 2011 !! 2012 !! 2013 !! 2014 !! 2015 !! 2016 !! 2017 !! 2018
|-
| Revenue, bln || 470.6 || 529.7 || 578.9 || 634.9 || 668.7 || 641.7 || 675.7 || 725.1
|-
| Net Income, bln || 208.4 || 238.7 || 263.0 || 276.3 || 277.7 || 279.1 || 287.5 || 298.7
|-
| Assets, trln || 15.48 || 17.54 || 18.92 || 20.61 || 22.21 || 24.14 || 26.09 || 27.70
|-
| Equity, bln || 956.7 || 1125 || 1274 || 1531 || 1789 || 1970 || 2127 || 2330
|}
 
===Loans===
 
====Listed to industry====
In millions of Chinese RMB (Yuan) in 2005:
* Manufacturing: 662,376, 20.1% (28.7% in 2004)
* Transportation, storage, postage & telecommunications: 367,371, 11.2% (10.2% in 2004)
* Power, gas and water: 281,179, 8.6% (7.0% in 2004)
* Retail and wholesale, catering: 265,906, 8.1% (6.9% in 2004)
* Property development: 194,024, 5.9%, (5.6% in 2004)
* Social service organization: 103,070, 3.1%, (3.2% in 2004)
* Construction: 89,666, 2.7%, (2.1% in 2004)
* Other industries: 313,804, 9.5%, (12.1% in 2004)
* Discounted bills: 392,717, 11.9%, (8.4% in 2004)
* Personal loans: 515,042, 15.7%, (13.1% in 2004)
* Overseas business: 104,398, 3.2%, (2.7% in 2004)
Total: 3,289,553
 
====With collateralization====
* Secured by mortgages: 34.1%
* Secured by other collateral: 22.1%
* Guaranteed loans: 23.3%
* Unsecured loans: 20.5%
 
====Non-performing====
At the end of 2004, 19.1% of ICBC's portfolio consisted of [[non-performing loan]]s.<ref>{{cite web|url=http://www.chinaonline.com/headlines/cs-protected/C05022403.htm|title=C05022403.htm|date=21 October 2006|access-date=4 December 2017|url-status=dead|archive-url=https://web.archive.org/web/20061021131022/http://www.chinaonline.com/headlines/cs-protected/C05022403.htm|archive-date=21 October 2006}}</ref> To clean up ICBC's balance sheet and prepare it for overseas listing, the Chinese government orchestrated a series of capital injections, asset transfers, and government-subsidised bad loan disposals that eventually cost more than US$162&nbsp;billion.<ref>{{cite web|url=http://www.ft.com/cms/s/b2cf08c6-6620-11db-a4fc-0000779e2340.html|title=ICBC surges on completion of IPO|first=Tom|last=Mitchell|date=28 October 2006|website=Ft.com|access-date=11 January 2017|via=Financial Times}}</ref> This included an approval for a cash injection of US$15&nbsp;billion (financed from China's massive [[foreign exchange reserves]]) on 28 April 2005.<ref>{{cite web|url=http://www.marketwatch.com/story/china-approves-15b-bank-injection-report|title=China approves $15B bank injection|website=MarketWatch.com|access-date=11 January 2017|archive-url=https://web.archive.org/web/20170113151330/http://www.marketwatch.com/story/china-approves-15b-bank-injection-report|archive-date=13 January 2017|url-status=live}}</ref> The Beijing-based state company, [[China Huarong Asset Management]], helped ICBC dispose of its bad loans. As the 2005 annual report records, just under 5% of loans are classified as non-performing, in comparison with the majority of western banks who have lower NPL ratios (US commercial banks are typically around 1%).<ref>{{cite web|date=7 October 2007|title=PRIVATE SECTOR ASSESSMENT|url=http://www.adb.org/Documents/Reports/PSA/PRC/PRC_PSA.pdf|url-status=dead|archive-url=https://web.archive.org/web/20071007160230/http://www.adb.org/Documents/Reports/PSA/PRC/PRC_PSA.pdf|archive-date=7 October 2007|access-date=4 December 2017}}</ref>
 
==Board of directors==
The company has 449, 226 employees, there are 24 members of the board, with one chairmen, one supervisory board chairman and one vice-chairman. [[Chen Siqing]], the current chairman, assumed his role<ref>[https://www.wsj.com/market-data/quotes/HK/1398/company-people Company Info Industrial & Commercial Bank of China Ltd.], published by the [[Wall Street Journal]], – accessdate 7 February 2020</ref> after resigning in April 2019 from [[Bank of China]], where he was the chair, executive director and chairman and participating board member within the Strategic Development Committee. Siqing had no disagreement with the Board at the time of his resignation, made purely for the reason of vocational change to ICBC.<ref>[https://pic.bankofchina.com/bocappd/report/201904/P020190429612395922771.pdf Announcement], published and written by [[Bank of China]] – accessdate 7 February 2020</ref> [[Yi Huiman]], the previous chairman, finished with the company to fulfil the position of chairman at the [[China Securities Regulatory Commission]].<ref>[[South China Morning Post]] (2019) — [https://www.scmp.com/business/banking-finance/article/3007153/chen-siqing-named-icbc-chairman-string-management-changes Chen Siqing named ICBC chairman as string of management changes at China’s top financial institution continues], published by [[Bloomberg L.P.|Bloomberg]] 22 April 2019 – accessdate 7 February 2020</ref>
 
As of 17 May 2020, the board is as stands:<ref>{{Cite web |url = http://www.icbc-ltd.com/ICBCLtd/Corporate%20Governance/Board%20of%20Directors/Board%20of%20Directors/ |title = ICBC Board}}</ref>
* [[Chen Siqing]] ([[:zh:陈四清|陈四清]]), chairman of ICBC, former [[Bank of China]] chairman<ref name="Reuters">{{Cite news|date=22 April 2019|title=MOVES-China picks BoC boss Chen Siqing to head top bank ICBC – sources|language=en|work=Reuters|url=https://www.reuters.com/article/china-icbc-chairman-idUSL3N22411E|access-date=24 July 2020}}</ref>
* Gu Shu, president of ICBC
* Lu Yongzhen, former director on the [[National Development and Reform Commission]]
* Zheng Fuqing, former [[Ministry of Finance of the People's Republic of China]] official
* Mei Yingchun, former Ministry of Finance of the People's Republic of China and [[World Bank]] official
* Feng Weidong, former secretary of the Ministry of Finance of the People's Republic of China
* Cao Liqun, former [[State Administration of Foreign Exchange]] official
* Anthony Francis Neoh, former Hong Kong SEC chairman
* Yang Siu Shun, former chairman of [[PricewaterhouseCoopers]] Hong Kong
* Shen Si, former executive director of [[Shanghai Pudong Development Bank]]
* [[Nout Wellink]], former president and chairman of [[De Nederlandsche Bank]]
* Fred Zuliu Hu, former [[IMF]] and [[World Economic Forum]] official
 
==Environmental policy and record==
In 2008 ICBC was the first Chinese Bank to adopt the [[Equator Principles]], an international set of social and environmental standards for financial institutions launched in 2003.<ref name=SCMP>{{cite web|title=Ethiopia Dam Blot on China's Aid Record|url=http://www.ethiopiainvestor.com/index.php?view=article&catid=69%3Aarchives&id=1422%3Aethiopia-dam-blot-on-chinas-aid-record&tmpl=component&print=1&page=&option=com_content&Itemid=88|archive-url=https://web.archive.org/web/20140328015436/http://www.ethiopiainvestor.com/index.php?view=article&catid=69%3Aarchives&id=1422%3Aethiopia-dam-blot-on-chinas-aid-record&tmpl=component&print=1&page=&option=com_content&Itemid=88|url-status=dead|archive-date=28 March 2014|publisher=South China Morning Post, Hong Kong|access-date=2 September 2012|date=7 June 2010}}</ref> It has also adopted the Green Credit Policy launched in 2007 by the Chinese Ministry of Environmental Protection.<ref>{{cite web|last=Motoko Aizawa, Sustainability Advisor, International Finance Corporation|title=China s Green Credit Policy|url=http://www.wilsoncenter.org/sites/default/files/Motoko%20Aizawa.pdf|access-date=2 September 2012|pages=24 February 2011|archive-url=https://web.archive.org/web/20130319054952/http://www.wilsoncenter.org/sites/default/files/Motoko%20Aizawa.pdf|archive-date=19 March 2013|url-status=live}}</ref> International environmental groups have criticized ICBC for failing to adhere to its social environmental standards and of being hypocritical, because ICBC is involved in the financing of the controversial [[Gilgel Gibe III Dam]] in Ethiopia.<ref name=SCMP/>
 
== Subsidiaries ==
 
=== Domestic ===
 
* ICBC Credit Suisse Asset Management Co., Ltd.
 
=== International ===
* [[Industrial and Commercial Bank of China (Asia)]]
*ICBC Standard Bank Plc
*ICBC International Securities Limited
* Industrial and Commercial Bank of China (Canada)
* Industrial and Commercial Bank of China USA NA
* Industrial and Commercial Bank of China (Mexico)
* [[Industrial and Commercial Bank of China (Macau)]]
* [[Industrial and Commercial Bank of China (Thai)]]
* [[ICBC Turkey]]
* [[:es:Torre_Madero_Office|ICBC Argentina]]
* Industrial and Commercial Bank of China (Pakistan)
*Industrial and Commercial Bank of China (Zurich)
 
==Controversies==
 
In 2005, the Chinese government arrested several government officials in addition to bankers with regards to the accusation of a scheme to take illegally US$900&nbsp;million from ICBC.<ref>{{cite news|url=https://www.wsj.com/articles/SB110597211289927835|title= Arrests Made in ICBC Scandal |date=18 January 2005|access-date=6 February 2020|first=Andrew|last=Browne|location=Hong Kong|publication-place=New York City|newspaper=[[The Wall Street Journal]]|url-access=limited}}</ref>
 
In November 2015, ICBC Standard Bank, an overseas subsidiary acquired in February of that year, agreed to pay a fine of a maximum of $40&nbsp;million to UK authorities.<ref>{{cite news|url=https://www.theguardian.com/business/2015/nov/27/serious-fraud-office-standard-bank-deferred-prosecution-agreement|title= ICBC Standard Bank agrees deferred prosecution settlement with SFO |date=27 November 2015|first=Simon|last=Bowers|newspaper=[[The Guardian]]|location=London|access-date=6 February 2020}}</ref>
 
On 17 February 2016, the [[Civil Guard (Spain)|Spanish Guardia Civil]] supported by [[Europol]], arrested six executives of the Spanish location of the bank accused of [[money-laundering]].<ref>{{cite press release|url=https://www.europol.europa.eu/newsroom/news/directors-of-chinese-bank-arrested-in-spain-in-money-laundering-probe|title=Directors of Chinese bank arrested in Spain in money laundering probe|date=17 February 2016|access-date=6 February 2020|publisher=[[Europol]] }}</ref>
 
In 2018, the US Federal Reserve had found "serious deficiencies" of the bank, on, anti-money laundering protections.<ref>{{cite news|url=https://www.ft.com/content/75f6c914-273b-11e8-b27e-cc62a39d57a0|title= Fed finds 'serious deficiencies' at China's ICBC |date=14 March 2018|first1=Emily|last1=Feng |first2= Henny|last2= Sender |location=Beijing and Hong Kong|newspaper=[[Financial Times]]|publication-place=London|url-access=limited}}</ref>
 
On 12 August 2021, a former senior banker at Industrial and Commercial Bank of China, Gu Guoming was sentenced to life in jail by Chinese authorities, after being found guilty of [[bribery]].<ref>{{cite web|url=https://www.reuters.com/world/china/china-sentences-former-senior-icbc-banker-life-bribery-2021-08-12/?rpc=401&|title=China sentences former senior ICBC banker to life for bribery|accessdate=12 August 2021|website=Reuters}}</ref>
 
==Awards==
* ''[[Forbes Global 2000]]'' (2013–2019 editions of the ranking) – the World's Largest Public Company<ref>{{Cite web|url=https://www.forbes.com/companies/icbc/|title=ICBC|website=Forbes|access-date=6 February 2010}}</ref><ref>{{cite news|url=https://www.scmp.com/business/china-business/article/3010518/industrial-and-commercial-bank-china-tops-forbes-global|title=Industrial and Commercial Bank of China tops Forbes' Global 2000 list for seventh year, while 'Made in China 2025' sectors languish|date=16 May 2019|access-date=6 February 2020|newspaper=South China Morning Post|location=Hong Kong|first=Ryan|last=Swift}}</ref>
{{clear}}
 
==References==
{{Reflist}}
 
==Bibliography==
Flora Xiao Huang, Horace Yeung (2019) [https://books.google.co.uk/books?id=ff3eAQAAQBAJ&printsec=frontcover#v=onepage&q&f=false Chinese Companies and the Hong Kong Stock Market], sub-heading 6.4.4, published by Routledge, 30 October 2013 {{ISBN|1134671113}}, {{ISBN|9781134671113}}
 
==External links==
* {{Finance links
| symbol = 1398
| google = HKG:+1398
| yahoo = 1398.HK
| bloomberg = 1398:HK
| reuters = 1398.HK
}}
* [http://www.icbc-ltd.com/icbcltd/investor%20relations/financial%20information/financial%20reports/ Financial Reports]
* {{in lang|zh}} [http://www.icbc.com.cn/ Industrial and Commercial Bank of China]
* [http://www.icbc.com.cn/icbc/sy/default.htm Industrial and Commercial Bank of China]
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