In recent years, ICBC has been committed to building a globalized financing product line by leveraging the Group’s internationalized and integrated business, and making use of its role as an internationalized bank in serving key fields related to go-global strategy such as the “Belt and Road” initiative, international capacity cooperation and advantageous capacity transfer. In 2015, ICBC granted loans of USD 42.7 billion for 170 “go global” projects. For example, China National Nuclear Corporation Nuclear Power Project in Argentina, China Gezhouba (Group) Corporation Hydropower Project in Angola and Power Station Project in Saudi Arabia, for which ICBC is the lead bank in providing financing support, are respectively the first, second and fourth largest projects among China’s “go global” projects.

According to an official of ICBC, ICBC has set up 404 institutions in 42 countries and territories, of which 123 are along the Belt and Road, representing the widest coverage in the area among Chinese banks. Up to now, ICBC has reserved 208 projects along the Belt and Road, with a total investment of USD 220.8 billion. ICBC has taken the lead in completing or reserving a series of large-scale projects with proven cooperation model and positive commerciality in key areas such as China-Pakistan Economic Corridor and Bangladesh-China-India-Myanmar Economic Corridor.

To meet cross-time-zone, cross-currency and cross-market requirements of enterprises going global, ICBC has continued to improve local service capabilities of overseas institutions and established a comprehensive financial service system integrating financial advisory, trade financing, fund management, custody and clearing, bond underwriting and issuance, and foreign exchange derivative trading. In addition, it has endeavored to develop overseas project markets by improving front-end services, and innovate services by combining investment banking services such as financial and development advisory with traditional services of commercial banking. In 2015, ICBC completed 25 cross-border acquisitions, with a total transaction value of USD 21.8 billion. ICBC acted as the consortium lead for six out of 10 overseas acquisitions by Chinese enterprises. ICBC has always been committed to enhancing its financial leadership and building globalized and full-suite service chains.

In economic cooperation, ICBC has continued to innovate cross-border financial products and service modes based on the characteristics of countries along the Belt & Road as well as customer requirements. In terms of financing mode innovation, Ningbo Branch has customized financial service solutions to satisfy the diversified corporate financial demands in investment/financing structuring and market information consulting. Zhoushan Branch has been actively engaged in Zhoushan River-Sea Transport Industry Investment Fund worth RMB 10 billion, which is led by Zhoushan People’s Government. Guangdong Branch took the lead in raising RMB 18 billion and participated in the preparation and establishment of the first Belt & Road fund in Guangdong Province– Guangdong Silk Road Fund, developing diversified financing channels by leveraging strengths in funds and project resources. Guangxi Branch has designed a risk-participation export credit insurance trade financing product for Experimental Zone for Bordering Comprehensive Financial Reform, becoming the first approved cross-border supply chain financing plan within the Group, and meeting diversified financial demands of cross-border traders through diversified financial services.