Company Name: Industrial and Commercial Bank of China (ICBC) ( 中国工商银行 )

Ownership Type: State-owned

Industry: Financial and Insurance

Rank (ranked by the total sales revenue in 2004): 5

Headquarters' Location (Zip code): 55 Fuxingmennei Street, Xicheng District, Beijing, China  ( 中国北京市西城区复兴门内大街 55 号 (100032) )

Legal Representative and President: Mr. Jiang Jianqing

Telephone: 86-10-66107166  86-10-66106045

Fax: 86-10-66106053

Total Revenue (2004): RMB 194.047 billion

Number of Employees(2004): 375,781

Net Profit (2004): RMB 2.3 billion

Registered Capital: RMB 171.2 billion

Total Asset (2004): RMB 5670 billion

Total Issued Shares: NA

Company website: www.icbc.com.cn

Brief History

Established in 1984 and celebrated its 20th anniversary on 1st January 2004, the Industrial and Commercial Bank of China is the largest commercial bank in China . After 20 years of reform and development, ICBC has launched into the orbit of developing quality returns and scale in harmony. By the end of 2003, the total assets had amounted approximately to RMB 5.3 trillion, about a fifth of the total assets of financial institutions in baking industry of China . In 2003, ICBC ranked 16th among the Top 1000 World Banks by the Banker, an England journal, according to their first-class capitals and was rated as "Global Top 500" of the fortune for 5 consecutive years. It was among the Top 10 Quality Products (Services) of the Far Eastern Economic Review.

ICBC owns the largest client throng in China , about 100 million personal clients and 8.1 million corporate clients. Over 20,000 business offices of ICBC and nearly 390,000 employees deliver efficient and high-quality services to clients. By the end of 2003, THE deposit balance of ICBC surpassed RMB 4.6062 trillion. Its loan balance was about RMB 3.3929 trillion. The annual operation profits stood at RMB 63.5 billion.

Under the strong support of science and technical measures, ICBC is continuously to innovate its business. E-banking vertical service system including self-banking, telephone banking, mobile banking and Internet banking is getting matured day by day. More than 300 cities have opened Internet baking service. The transaction volume of E-banking in 2003 reached over RMB 22.3 trillion and RMB 19.4 trillion transaction volumes for Internet banking business.

Major share holders

ICBC is a wholly state-owned commercial bank founded on January 1, 1984, and authorized by the State Council and PBoC.

As of December 31, 2004, ICBC had established thirty tier-one provincial branches in provinces (includingAutonomous Regions and Municipalities) throughout China, five branches directly under the Head Office,eight overseas branches, three subsidiary banks, and two holding institutions.

Industrial and Commercial Bank of China (Asia) Ltd. (“ICBC( Asia )”) is a Hongkong listed bank controlled by ICBC.

Business overview

Main businesses of ICBC include: RMB deposits, loans and consumer credit, individual savings, various settlement, issue and agency issue securities, other agency business entrusted by other banks. For foreign exchange, it includes foreign exchange deposit, loans, remittance, import & export trading and non-trading settlement, foreign currency and foreign currency bill exchange, foreign exchange guarantee and testimony, foreign exchange borrowing abroad, foreign currency bill discount, issue and agency issue foreign currency securities, agency spot and forward exchange trading, credit investigation and consulting service, buyer's loan, loan arrangement for international financial institutions and foreign governments and other business authorized by China Banking Regulatory Commission according to competent related laws, regulations and other stipulations.

Top management

Mr. Jiang Jianqing: Chairman and President. Mr. Jiang graduated from Shanghai Finance and Economics University of China in 1984, and then got his master's and doctor's degree in Shanghai Jiao Tong University of China. Mr. Jiang was appointed Vice President of ICBC Shanghai Branch, President of Shanghai City Cooperative Bank, President of ICBC Shanghai Branch, and Vice President of ICBC successively. In February 2000, Mr. Jiang was appointed President of ICBC. Mr. Jiang's banker career began from a counter clerk of ICBC.

Mr. Yang Kaisheng: Vice Chairman and Executive Vice President.

Mr. Chen Keru: Member of the Board and Executive Vice President.

Mr. Zhang Furong: Member of the Board and Executive Vice President.

Mr. Zhang Qu: Member of the Board and Executive Vice President.

Ms. Wang Lili: Member of the Board and Executive Vice President.

Mr. Niu Ximing: Member of the Board and Executive Vice President.