According to the advanced manufacturing investment fund establishment conference held in Beijing, ICBC will participate in the investment as the only financial institution partner of the fund, and provide full-suite financial services (such as fund custody and project referral).

The advanced manufacturing investment fund is a national strategic industry investment fund approved by the State Council, initiated by National Development and Reform Commission, Ministry of Finance and the Ministry of Industry and Information Technology, while managed by the State Development & Investment Corporation. With an initial size of RMB 20 billion, it is the first market-oriented manufacturing investment fund of limited partnership with focus on investment in key projects related to advanced manufacturing, traditional industry upgrading and industrial layout, which is aimed to accelerate the growth of high-end manufacturing and drive the upgrading of traditional manufacturing in China. 

An executive with ICBC said that the advanced manufacturing investment fund has profound implications as it creates a new cooperation model between ministries/commissions, local governments, investment institutions and banks in the manufacturing sector. As a combination of national policy and market-oriented operation, the model featured by a fund pooling in social capital to invest in real economy is aligned with future economic development and financial transformation in China. ICBC will provide comprehensive financial services (including commercial banking credit and investment banking consulting) for businesses invested by the fund , further supporting and serving advanced manufacturing enterprises.