By leveraging its internationalized, integrated operations and powerful distribution network, ICBC has successfully arranged syndicated loans for a series of high-quality projects from the year to date, providing strong support to the growth of the real economy. Statistics show that in the first quarter, ICBC arranged for 43 syndicated loan projects as the lead bank, with a total value of USD 8.741 billion, and underwrote 25 syndicated deals valued USD 6.752 billion, both ranking the first in the financial industry in the Asia-Pacific region (excluding Japan).

Hong Kong is the most dynamic market for syndicated loans in the region this year, followed by mainland China and Australia. In February, ICBC led the arrangement for China Cinda Asset Management’s acquisition of Nanyang Commercial Bank, the largest acquisition deal in the banking industry of Hong Kong in recent years.

In recent years, the Bank has provided financial support through international syndicates for major projects including SINOCHEM’s acquisition of Pirelli, China Three Gorges Corp’s acquisition of Brazilian Dams and Tianqi Lithium’s acquisition of Australian lithium mine. ICBC arranged for 6 out of the 10 biggest overseas acquisitions by Chinese enterprises as the lead bank. In addition, ICBC has actively met enterprises’ diversified financial demand by leading the establishment of an extensive interbank distribution network for syndicated loans. It has also boosted creative modes such as syndicate grouping, acquisition syndicates, factoring syndication and “syndicate+intrabank joint loans”, driving the growth of syndicated loan market.