Industrial and Commercial Bank of China
Recent events
Recent events tied to this brand in public sources.
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2021
ICBC Private Banking launches the Entrepreneur Service Station
ICBC Private Banking held the launch ceremony for its Entrepreneur Service Station on September 1, 2021. The service initiative was subsequently unveiled in 20 cities and is described as upgrading comprehensive services for entrepreneur customers.
2020
WeChat launches face-recognition bank-card binding
WeChat announced a service that lets users bind a bank card using facial recognition instead of entering the card number and withdrawal password. At the time of the report, it was available only for Industrial and Commercial Bank of China, Ping An Bank and Shanghai Pudong Development Bank.
2020
ICBC launches service plan for the third China International Import Expo
Industrial and Commercial Bank of China released a financial service plan for the third China International Import Expo, including a cross-border negotiation platform and dedicated Expo sections on its official online platforms.
2020
ICBC and SDIC sign strategic cooperation agreement
Industrial and Commercial Bank of China and State Development & Investment Corp. signed a strategic cooperation agreement in Beijing to expand cooperation across several sectors and support national strategic initiatives.
2020
ICBC and Hubei sign strategic cooperation agreement
Industrial and Commercial Bank of China signed a strategic cooperation agreement with the Hubei provincial government to provide at least RMB 300 billion in financing support over the next two years for key development areas in Hubei.
2020
ICBC upgrades contactless services
Industrial and Commercial Bank of China said it upgraded its contactless service processes during the pandemic; the report also describes online services and a contactless foreign-currency cash collection process at a Beijing branch.
2020
ICBC signs strategic cooperation agreement with China’s Ministry of Culture and Tourism
China’s Ministry of Culture and Tourism and Industrial and Commercial Bank of China signed a strategic cooperation agreement to support cultural and tourism businesses and promote industry development. The agreement includes financing support and cooperation on cultural and tourism projects.
2020
ICBC Ju County Branch launches online donation platform for Red Cross
Industrial and Commercial Bank of China’s Ju County Branch brought the Red Cross’s ICBC e-Payment platform online for donations, enabling online contributions through channels including WeChat and bank cards.
2020
ICBC vice president resigns
Industrial and Commercial Bank of China announced that vice president Hu Hao resigned from his position due to a job transfer.
2019
Tesla reportedly borrows $1.4 billion from Chinese banks
Tesla is reportedly borrowing 10 billion yuan ($1.4 billion) from a group of Chinese banks, with part of the loan intended to fund construction of its Shanghai vehicle plant and its Chinese operations.
2019
ICBC launches Bay Area Account Connect in Macao
Industrial and Commercial Bank of China launched the Bay Area Account Connect service in Macao, allowing Macao customers to open mainland personal bank accounts at ICBC Macau branches without travelling to mainland China.
2019
Tesla signs Shanghai factory loan agreements
Tesla signed agreements for up to 9 billion yuan in secured term loans and 2.25 billion yuan in unsecured revolving loans, with the proceeds to be used for development of its Shanghai factory.
2019
ICBC launches Inclusive Finance Service 2.0
On December 17, 2019, Industrial and Commercial Bank of China introduced Inclusive Finance Service 2.0, centered on financing, expertise and business services for small and micro enterprises.
2019
ICBC announces plan to support 10,000 small businesses
Industrial and Commercial Bank of China announced a plan to select and support 10,000 small and micro enterprises over three years, providing targeted services and dedicated financial advisers.
2019
Vale and ICBC sign global financing memorandum of understanding
Vale and Industrial and Commercial Bank of China signed a memorandum of understanding on a global financing arrangement. Under its terms, ICBC was prepared in principle to provide Vale with financing of up to US$3 billion.
2019
ICBC launches ECOS 1.0 smart banking ecosystem
Industrial and Commercial Bank of China launched its ECOS 1.0 smart banking ecosystem in Beijing on November 8, 2019.