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LENDING & CREDIT | Cesar Tordesillas, China
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ICBC embarks on direct finance service to support economic restructuring and upgrade

This year, ICBC will continue the launch of direct finance service to support economic restructuring and upgrade, the Bank announced.

 

The focus is the offering of bond underwriting service to industry sectors of strategic emerging industry, cultsural sector, advanced service industry, top small-and-medium enterprises and low-income housing constructions. The objective is to provide professional direct finance service to support the healthy and sustainable growth of real economy.

In 2011, ICBC has underwritten 105 debt instruments involving short-term bonds, mid-term notes and super & short-term commercial papers to a total of more than RMB 260 billion, said an executive with the Bank. ICBC edged ahead of all bond underwriters in China by substantial margin, ranking No.1 in the league table. This is ICBC's fifth consecutive year as the largest bond underwriter in China.

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