Industrial and Commercial Bank of China Company Description
In the event not every young man wants to go west, Industrial and Commercial Bank of China (ICBC) is able to finance trips elsewhere. The firm is one of China's biggest banks -- and one of the largest in the world. ICBC, which went public in 2006 in a record-setting IPO, manages around 17,000 domestic branches and more than 100 overseas branches and offices. The bank's financial services, offered in both the Chinese renminbi (or yuan) and foreign currencies, include wholesale, retail, E-banking, and international business for more than 2.7 million corporate clients and more than 170 million individual clients. It oversees about a quarter of the total domestic assets owned by China's commercial banks.
View the Comprehensive Company Description for Industrial and Commercial Bank of China
The Company Description provides a historical perspective of Industrial and Commercial Bank of China's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Industrial and Commercial Bank of China's evolution in the marketplace.
