In H1 2016, ICBC has been positively adapted to new demands arising from economic transformation and upgrading as well as supply-side structural reform by improving credit and non-credit integrated services to help enterprises cut cost and de-leverage through direct financing. Statistics showed that ICBC's non-credit financing amount of bond underwriting, assets trading, financial leasing and entrusted loan totaled at RMB 713.7 billion in H1 2016, seven times the new corporate loans during the same period.

According to ICBC, as China's financial market deepens and corporate financial demands become increasingly diversified, the Bank has innovated service integration covering credit + non-credit, equity + debt, on balance sheet + off balance sheet, domestic + overseas services, supporting a large number of key national projects. Meanwhile, for diversified financial demands of new economy and emerging industries, ICBC has been accelerating development of integrated capital market services such as equity, fund and corporate asset securitization to meet corporate direct financing needs.

In terms of bond underwriting, ICBC underwrote over RMB280 billion non-financial enterprise bonds in H1 2016, up by RMB 64 billion or 30% compared with the same period last year, covering all types of non-financial enterprise debt financing instruments. In addition, given the new DFI issued by the National Association of Financial Market Institutional Investors, ICBC has implemented categorized management of bond issuance, to further improve the efficiency of corporate direct financing. With ICBC as lead manager, the CNPC medium term note worth RMB 15 billion was currently the largest bond issuance under DFI.

In terms of merger and acquisition, ICBC supported a number of quality enterprises in acquisition by providing acquisition loans, merger investment and merger fund, which has effectively boosted industry transformation and upgrading. Meanwhile, by leveraging its internationalized and integrated advantages, ICBC has supported companies in going global and cross-border acquisitions. In H1 2016, ICBC has  completed 23 cross-border acquisition deals as lead manager, totaling USD 46.6 billion, and provided financing support to large acquisition projects such as State Development & Investment Group acquiring the UK offshore wind power project, and Joyson Electronics acquiring KSS, the world's fourth largest automobile safety system company.

Regarding equity investment and capital market financing, ICBC was the first to launch private equity banking business, specializing in meeting corporate demand for equity fund and providing equity financing services to a large number of enterprises. ICBC has been engaged in mixed ownership reforms of central SOEs, central SOE subsidiaries and province-owned enterprises, with an equity investment value of nearly RMB 20 billion. In addition, ICBC has also pushed forward founding, management and investment of industrial funds, including the "PPP Industrial Fund" initiated by the Ministry of Finance, "Advanced Manufacturing Investment Fund" launched by NDRC, Ministry of Finance and Ministry of Industry and Information Technology, "Chongqing Strategic Emerging Industry Fund" initiated by Chongqing municipal government, and "Yangtze River Economic Belt Industrial Fund" initiated by Hubei provincial government, totaling a committed investment amount of over RMB 100 billion.