November 28 - December 2, 2011 - ICBC gained further foothold in Southeast Asia with the opening of Vientiane Branch, Phnom-Penh Branch and Rangoon Representative Office.
November 24, 2011 - ICBC opened African Representative Office in South Africa's Cape Town, the first branch of ICBC in Africa.
November 22, 2011 - ICBC rolled out "ICBC Mobile Banking" services nationwide, the first commercial bank in China to launch a host of mobile based financial services.
October 24, 2011 - ICBC and Belgian Antwerp World Diamond Center ("AWDC") signed a Cooperation Framework Agreement in Beijing. The agreement marked the beginning of cooperation of the two parties in the field of diamond financing.
October 14, 2011 - The Global Chinese Media Ranking on "Transparency" of Most Concerned Bank was announced in Vancouver, Canada. ICBC won two major awards for "Best Global Bank in Information Disclosure Management 2010" and "Best Global Bank in Chinese Media Relation 2010".
September 23, 2011 - The Chinese Banker announced its "2011 Evaluation Report on the Competitiveness of Chinese Commercial Banks". ICBC secured the first place for the fourth consecutive year by its outstanding performance in 2010, and won the crown in the ranking of nationwide commercial banks' financial appraisal, for the year.
September 15, 2011 - ICBC Mumbai Branch was open to business, marking the first branch from Mainland China in India. The opening of Mumbai Branch underscored ICBC's presence in South Asia and also turned ICBC into one of the strongest foreign financial institutions by service capabilities in this region.
August 22, 2011 - ICBC London opened FX trading services on behalf of Head Office, including quote pricing and FX dealing, a 24-hour service around the globe for ICBC to trade FX and precious metals via accounts through seamless connectivity between the systems in Beijing, London and New York running round-the-clock.
August 5, 2011 - ICBC announced the conclusion of the agreement with The Standard Bank of South Africa Limited ("Standard Bank") on the sale and purchase of 80 percent stake in Standard Bank Argentina and its two affiliates. The agreement has been signed on August 4, 2011 in Buenos Aires. ICBC will be responsible for the operation and management of the Standard Bank Argentina and its two affiliates after the transaction is completed.
June 28, 2011 - ICBC opened honorary ceremony and summary meeting to celebrate the 90th anniversary of the founding of the Communist Party of China (CPC) in Beijing and presented awards to the Best Performing Units and Best Performing Individuals who have contributed significantly during ICBC's transformation.
May 20, 2011 - ICBC Karachi Branch and Islamabad Branch were officially open for business. With the banking permit and business license issued by Pakistani regulatory authority earlier, ICBC became the only Chinese commercial bank to open branch in Pakistan.
May 5, 2011 - ICBC as the lead underwriter underwrote the first private-placement bonds issued in China - RMB 5 billion worth of bonds via private placement for Aviation Industry Corporation of China (AVIC) in the nationwide interbank bond market.
At the end of March, 2011, ICBC had more than 100 million online customers using Personal Internet Banking, to 102 million. ICBC was the first commercial bank in China having "100 millions" personal online users and dominated the market as "No.1 Electronic Banking in China". Over 60% of ICBC transactions went through the electronic banking, which was the ICBC users' first choice in banking affairs.
March 18, 2011 - ICBC opened its first center for selling and repurchasing gold in the West Railway Station Sub-branch of Beijing Branch. The Center was the first standard flagship store among the domestic commercial banks for the sales, repurchase, display and trading of precious metals.
March 11, 2011 - ICBC opened its first overseas RMB Business Center in Singapore Branch, a preclude for ICBC to loom large its RMB business outside China. At the end of 2011, ICBC registered over RMB 1 trillion in turnover from cross-border renminbi business. The about RMB 700 billion in cross-border RMB settlements was nearly quintupled over previous year. A total of 276 RMB accounts were opened by other banks in ICBC. ICBC ranked No.1 among the banks in China with a clearing network spanning 55 countries/regions.
March 8, 2011 - ICBC concluded the exit and tender offer with ICBC (Thailand) Public Company Limited, with the delivery of shares and capital. This marked the smooth ICBC's takeover of Thailand ACL Bank Public Company Limited. The transaction was the first acquisition of an overseas listed bank by a Chinese bank through voluntary tender offer.
January 21, 2011 - ICBC and The Bank of East Asia (BEA) reached an agreement on the sale and purchase of The Bank of East Asia (USA) N.A. ICBC will acquire 80% interest in BEA USA from BEA for a total consideration of USD 140 million. Once the transaction has been completed, ICBC will be responsible for the operation and management of BEA USA. The acquisition allowed a Chinese bank to hold a controlling stake in a US commercial bank for the first time.
January 17, 2011 - ICBC's five branches in Europe, namely, Paris Branch, Brussels Branch, Amsterdam Branch, Milan Branch, Madrid Branch, were officially open for business. Till then, ICBC scaled up its service network by having a presence in 9 European countries (Germany, Luxembourg, UK, Russia, France, Netherlands, Belgium, Italy, and Spain). The five branches have posted strong growth after opening, all registered profit during the first half of 2011, a new record in terms of the speed of achieving profitability by the new overseas subsidiaries of a commercial bank across the world.
In 2010, ICBC fully embraced "Three Measures, One Guideline" to keep tight control on the risks when extending loans to local government financing vehicles, real estate developers, companies of "high energy-consumption, high emission, over-production". Measures have been taken to mitigate the risk over lending backed by interlinked guarantee and stop releasing risky loans. Quality of credit assets in all branches remains stable.
ICBC maintained high standard of financial services for the World Expo and the Asian Games in 2010 with "zero error", "zero incident", "zero complaint". The safe, professional and highly efficient financial services added color to the World Expo and Asian Games buffing up the good image of Chinese banking in front of the world. ICBC has been awarded "Guangzhou Asian Games Banking Partner Outstanding Contribution Award" and "Guangzhou Asian Para Games Sponsor Outstanding Contribution Award" by the Organizing Committee of Guangzhou Asian Games. At the China Banking Association World Expo Financial Services Award Programme (Advanced Group, Advanced Individual), ICBC clinched the Organization Award, Innovation Award.
December 23, 2010 - Upon the smooth conclusion of payment for H-share rights issue, ICBC drew the successful close for its fund raising program through rights issue of RMB 45 billion of A shares and H-share rights shares. The 99.72% of ICBC A shares validly subscribed was the highest placement rate by underwriting, while ICBC H shares oversubscribed by 6.7 times represented the highest level of oversubscription among the listed banks in Shanghai Stock Exchange and Hong Kong Stock Exchange. It was a confirmation of ICBC investment value from all the investors and their confidence on ICBC's sustainable development in the days ahead.
December 17, 2010 - Standard & Poor's Ratings Services (S&P) officially announced the new credit rating to ICBC. The long-term foreign currency credit rating on ICBC was raised to "A" from "A-", short-term credit rating was upgraded to "A-1" from "A-2". The outlook rating was "stable". S&P also raised the Bank fundamental strength rating on ICBC to "C+" from "C". ICBC has the highest credit rating among the domestic commercial banks after this upgrade by S&P.
November 7, 2010 - ICBC Abu Dhabi Branch was officially opened to business. Earlier, ICBC secured a wholesale banking license from the UAE's Central Bank in December, 2009, the first Chinese bank to get the license from central bank in the Middle East. The license to ICBC was also the first banking license since 1982 issued to a non-Persian Gulf region lender.
November 3, 2010 - ICBC celebrated the opening of its Branch in Thailand's capital Bangkok. The new Branch, formerly ACL Bank before acquired by ICBC, was officially renamed as ICBC (Thai) Public Company Limited ("ICBC Thai"), marking ICBC foray into Thai market.
September 24, 2010 - Petroleo Brasileiro S.A ("Petrobras") raised USD 68.5 billion through its global offering, the largest equity financing project in the world. ICBC International, appointed as the joint bookrunner, successfully participated in this global offering. Other global coordinator and joint bookrunners were nearly all the big global names including J.P. Morgan Chase & Co., HSBC Holdings, Goldman Sachs Group, Bank of America Merrill Lynch. ICBC International was the only investment bank with Asian background. Meanwhile, AIA Group IPO was one of the many IPO projects with global influence that ICBC International participated.
September 7, 2010 - ICBC launched the silver trading service for personal accounts across the country in an effort to meet the need of all customers to invest in precious metal. ICBC was the first commercial bank in China to launch such service.
August 31, 2010 - ICBC successfully completed RMB 25 billion convertible bond sale, attracting RMB 2.61 trillion from investors online, offline and chalking up another historic record. The convertible bond had coupon rate under 3% and a term of 6 years. The proceeds will be used to shore up ICBC's capital base.
August 13, 2010 - ICBC, Huawei and its Indonesia partner signed in Beijing, the total amount of financing up to RMB 2 billion in the framework of the memorandum, and the first RMB export buyer's credit agreement under the framework. This was the first export buyer's credit business in RMB globally.
July 16, 2010 - ICBC Electronic Banking Center (Hefei) was officially opened in Anhui's Hefei, providing full range of telephone banking call desk services for customers in Southern China.
June 13, 2010 - ICBC announced a framework for corporate culture and distributed the ICBC Corporate Culture Handbook, covering the Bank's mission, vision, values, basic philosophy codes of conduct and others. ICBC's new framework for corporate culture marks a new stage of ICBC in building corporate culture which is significant for ICBC to become a world-class modern financial institution.
May 26, 2010 - ICBC underwrote the first financial bond in China for a financial leasing company - 2010 China Huarong Financial Leasing Co., Ltd, raising a total of RMB 1 billion. The successful offering of this financial bond marked the beginning of financial leasing companies in China to raise fund via bond issuance.
April 28, 2010 - Industrial and Commercial Bank of China (Malaysia) Berhad started operation in Malaysia's capital Kuala Lumper, dedicated to serve the economic and trade between China and Malaysia and offer more convenient, more quality financial services to the customers of the two countries.
April 23, 2010 - ICBC leap-frogged to move to No. 5 in the US Forbes Global 2000 list, the first Chinese company among the top 10.
March 27, 2010 - All ICBC branches stood up for the "Earth Hour" 2010 organized by World Wide Fund (WWF), to save energy, protect environment and support the global effort to combat climate change. This was ICBC's second year to take part in the initiative.
March 12, 2010 - "China Financial Services Marketing Summit Forum & Third Overall List of China Wealth Management" was held at the China Millennium Monument in Beijing. ICBC was conferred "2009-2010 Best Wealth Management Bank" in recognition of its financial strength and good reputation in asset management services.
February 20, 2010 - Phase II Public Education on Banking jointly hosted by Public Education Service Center of China Banking Regulatory Commission (CBRC), China Banking Association and ICBC was successfully launched in Beijing. The Event, a theme of "Making idle money busy", gathered the wealth management experts to talk about how to make full use of the "idle money" on hand and help everybody to improve skills to invest wisely, to manage the money.
January 28, 2010 - ICBC and Bank of East Asia reached an agreement on the exchange of shares for the Bank of East Asia (Canada) and ICEA Finance Holdings Limited. The acquisition of Bank of East Asia (Canada) was another major breakthrough of ICBC in North America, subsequent to the establishment of New York Branch in 2008. The acquisition allowed ICBC to obtain Canadian banking license and customers and paved the way for ICBC to expand its presence and network in North America.
January 26, 2010 - ICBC Hanoi Branch was formally opened to business. Earlier, ICBC Hanoi Branch has obtained the financial business license and business license. The Branch was the first Chinese bank from Mainland China to be approved by Vietnam government to set up a branch in Vietnam since 1995.
January 22, 2010 - At the award ceremony for "7th China Finance Chart" hosted by Hexun.com in conjunction with Stock Exchange Executive Council (SEEC) in Beijing, ICBC, once again, snapped the grand award of "Best Investor Relations Company".
December 16, 2009, The Central Bank of United Arab Emirates (UAE) officially approved and issued a wholesale banking license to ICBC to set up a branch in Abu Dhabi, a new ICBC branch in the Middle East for ICBC to spread its wings in the region.
December 10, 2009, The State Bank of Vietnam issued the financial business license to ICBC Hanoi Branch, the first license issued to a foreign bank this year. This is also the first time that the Vietnam Government approves a Chinese bank to set up branch in Hanoi. It reflects that ICBC's strength has been respected by Vietnam's government and regulatory authority.
On December 6, 2009, Zhejiang Pinghu ICBC Village Bank set its stone in Pinghu, Zhejiang. On December 29, Chonqging Bishan ICBC Village Bank opened to business in Bishan, Chongqing. The two new village banks represent one ICBC measure to embrace the State policy of supporting the agricultural sector.
November 20, 2009, Industrial and Commercial Bank of China Limited received the business license for "ICBC Malaysia Company Limited" from Bank Negara Malaysia. This represents another breakthrough in ICBC international strategy.
November 13, 2009, ICBC was named one of the "Ten Green Enterprises of China" at The 2nd China International Forum on Green Development. ICBC is the first bank in the country to embrace "Green Credit" policy. Releasing of loans to companies strictly based on "one-vote veto system".
October 27, 2009, as 236 billion of restricted shares held by initial shareholders released to the market since floatation three years ago, ICBC becomes the No.1 A-share quoted company and the largest bank in the world by market capitalization.
September 29, 2009, ICBC and Bangkok Bank PCL reached agreement on the sale and purchase of The Thailand ACL Bank PCL.
September 9, 2009, The first business organization in the country among the commercial banks dedicated to the buying and selling of precious metal including gold ——ICBC Precious Metal Department, was established in Shanghai.
July 30, 2009, ICBC (Macau) opened to business.
July 16-20, 2009, ICBC successfully issued RMB 40 billion of subordinated bond in the national interbank bond market to supplement its own subordinated capital.
July 3, 2009, ICBC Indonesia, on behalf of PT. INDOTRUCK UTAMA, opened a RMB time letter of credit involving an amount of RMB 0.372 million to an export enterprise in China. This L/C is the first RMB L/C in the world issued for a cross-border trade.
June 4, 2009, ICBC and Bank of East Asia reached agreement on the sale and purchase of The Bank of East Asia (Canada) and ICEA Finance Holdings Limited.
April 27, 2009, Ten ICBC grass-root employees, honorees of "Inspiring ICBC", were the featured guests at an award ceremony of the First "Inspiring ICBC" held in Beijing. The award program brought about the touching stories of the grass-root staff and was one important measure to establish the correct and appropriate corporate culture.
ICBC dethrones all the European, US and Japanese peers and becomes the world's largest bank by customer deposit with a balance well over RMB 9.1 trillion as of March 31, 2009.
ICBC is the first enterprise in the country with more than RMB 10 trillion of total assets as of January 31, 2009.
In 2008, ICBC took Beijing Olympic as the catalyst to upgrade its financial service in channel construction, procedure rebuilding, production creation, and service management. The whole bank's working efficiency, service ability, service quality, and service level have been increased a lot. There was no accident and complaint in Olympic financial service. The bank has contributed to the successful holding of Beijing Olympics, and its perfect enterprise image has been shown further.
After Wenchuan Earthquake on May 12, 2008, ICBC's response was prompt. While its branches in the disaster areas were busy with self-help and resuming the operation, ICBC took part in the whole financial support for the earthquake relief and aftermath rebuilding. It took its responsibility of a large bank. The branches of ICBC and their staff have donated RMB 141 million (including RMB 88.69 million donated by its domestic and overseas staff), and RMB 53.05 million special party membership dues, so that ICBC became the financial institution which donated the most.
Jan 28, 2008, The purchase of Seng Heng Bank, Macao finished, ICBC holds 79.9333% shares of Seng Heng Bank, and becomes its controlling shareholder.
Oct. 31, 2008, The 4th generation application system construction started, ICBC would finish the research and promotion of this system in three years. It would help ICBC make information technology as its core competitive power.
Oct. 20, 2008, Tibet Branch opened.
Sep. 23, 2008, Sydney Branch opened; October 15, New York Branch opened; October 20, ICBC (Middle East) opened; October 21, Doha Branch opened. The successful open of above overseas branches have enhanced ICBC's international network. It is an important milestone for ICBC's internationalization strategy.
Jun. 11, 2008, ICBC published The Announcement in Relation to the Grant of Approval for the Establishment of a Wholly-owned Investment Bank in Hongkong, a company named as ICBC International Holdings Limited, which has been licensed.
Mar. 3, 2008, ICBC and Standard Bank, South Africa finished the share and cash deals. ICBC holds 20% of its shares, and becomes its main sole shareholder. It is the most significant single overseas investment, and also the largest foreign direct investment for South Africa.
Jan. 28, 2008, The purchase of Seng Heng Bank, Macao finished, ICBC holds 79.9333% shares of Seng Heng Bank, and becomes its controlling shareholder.
Nov. 28, 2007, ICBC Financial Leasing Co., Ltd. was registered in Binhai New District, Tianjin.
Nov. 7, 2007, ICBC Moscow Co., Ltd. (ICBC Moscow) successfully debuted, which signs that ICBC has formally entered into Russian Market.
Sep. 28, 2007, ICBC successfully completed the legal procedure of the settlement of 90% of total shares of Halim Bank and formally became the controlling shareholder of the bank, which also signs the establishment of ICBC's Indonesian subordinate.
Jan. 27, 2006. 2006, ICBC entered Strategic Investment and Cooperation Agreement with three overseas strategic investors: Goldman Sachs, Allianz Group and American Express. USD 3.782 billion investment was secured.
Oct. 28, 2005. 2005, Incorporation Conference of Industrial and Commercial Bank of China Limited was held in Beijing. Seen in unveiling of the company plaque were Mr. Zhou Xiaochuan, President of Peoples' Bank of China and Mr. Jiang Jianqing, Chairman of ICBC Limited.
Oct. 26, 2005. Mr. Wangju, Member of CCP and Deputy Prime Minister, visited ICBC Limited and send his warmest regards to ICBC management.
Oct. 25, 2005. Incorporation Conference of Industrial and Commercial Bank of China Limited and First Shareholders' Meeting were held in Beijing.
Apr. 2005. Under State Council Approval, ICBC started shareholding reform aiming at putting modern equity system and corporate governance into practices. Management of ICBC ushered into a new historic era.
Feb. 2004. ICBC formally invited PriucewaterhouseCoopers to make a whole plan for its corporate governance system and over-all risk management reform in 8 years.
Feb. 2003. ICBC signed Agreement with Microsoft (China) in Beijing in the co-operation of Personal Internet Banking security and other aspects. On December 18, ICBC launched its new personal Internet banking product "Banking@home".
Jan. 2002. First time to invite Anyong Accounting Firm to perform external audit on Shanghai and Zhejiang Branches, which lead the way in domestic commercial banks. ICBC formulated and announced ICBC Management Practices of 5-grade Credit Assets Quality Classification.
Apr. 2001. ICBC started the biggest business operation check project of regulations and rules in the whole bank since its foundation.
Oct. 2000. Corporate sub-system of ICBC Comprehensive Business System (CB2000) successfully put into production in 6 Branches, including Beijing, Shanghai, Zhejiang (Hangzhou, Jiaxing), Shandong, Fujian and Guangdong.
Sep. 1999. Data Consolidation project commenced. October 2002, ICBC completed two international advanced Data Processing Centers in the North and South to centralize all business data in the whole Bank.
Feb. 1998. ICBC jointly acquired with HK Bank of East Asia to establish ICBC-BEA Finance Shareholding Co. Ltd with 75% of interest; April 2000, ICBC acquired Union Bank, a listed bank in Hong Kong and changed the name to ICBC (Asia) Co Ltd, or ICBC (Asia) in short.
Dec. 1997. www.icbc.com.cn web site established. September 1999, ICBC launched "95588" telephone banking services nationwide. February and August 2000, ICBC opened Corporate Internet Banking and Personal Internet Banking services respectively.
Jan. 1996. Legal Representative Mandate System formally carried out under ICBC Notice 7 (1996) ICBC Notice in implementing Legal Representative Mandate System.
Nov. 1995. ICBC opened representative office in London, which is the ICBC first institutional in Europe.
Jan. 1994. General Secretary of the CPC Central Committee Jiang Zemin, prime minister of the State Council Li Peng wrote an inscription to celebrate the 10 anniversary of ICBC foundation.
Nov. 1993. ICBC savings deposit balance made a breakthrough to 500 billion Yuan.
Mar. 1992. ICBC first overseas subsidiary opened in Singapore.
Oct. 1991. The Euromoney Journal ranked 500 big banks in the world according to their capital. ICBC was the Number 8. If according to the capital profit rate and net profit, ICBC ranked No.1.
Oct. 1990. ICBC nationwide computer network system formally put into use, the connected cities reached 91.
Oct. 1989. ICBC issued Peony Quasi Credit Card for the first time. "Peony Card" soon became a famous bankcard brand among the counterparts. May 2002, Peony Card Center established, which was the first professional bankcard business organization in China.
May. 1988. ICBC hosted the 3rd International Research Conference of Savings banks.
Nov. 1987. ICBC established operation system with the city branches as basic operation check unit, and made "target operation responsibility system" test in Shenyang and Guangzhou.
Jul. 1986. ICBC launched president responsibility system instead of director of board.
Jun. 1985. ICBC became a formal member of International Savings Banks Institute.
Jan. 1984. ICBC officially established, registered capital is 20.8 billion Yuan, total assets is 333.3 billion Yuan.