About

Industrial and Commercial Bank of China (ICBC) is one of the big four state-owned banks in China and the largest bank in the world by total assets, deposits, loans, number of customers and number of employees. It was established in 1984 and sits alongside Bank of China, Agricultural Bank of China and China Construction Bank. Dual listed on the Hong Kong and Shanghai Stock Exchanges in 2006 after the company’s restructuring into a joint-stock company in 2005, the bank has numerous international branches and a presence in every global financial centre. It is ranked number one in the Forbes Global 500 list, valued at US$4tn. As such, the in-house legal team at ICBC is an impressive operation. The bank recently announced an AI Index product which tracks and simulates indexes by portfolio investment, an innovative product indicative of the bank’s prowess and position out front in the global banking industry.