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Customers transact business at the Industrial and Commercial Bank of China (Canada), in Richmond Hill, Ontario, Canada, July 6, 2010. The Industrial and Commercial Bank of China (ICBC Bank Group) said Tuesday that it will begin retail and corporate banking operations under the banner The Industrial and Commercial Bank of China (Canada) in Canada. (Xinhua/Zou Zheng)
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As well, the bank will work with the Bank Group's networks worldwide, including those in China, to offer a one-stop shop for multinational financial services to clients in both China and Canada, Jiang said.
Established in 1984, ICBC has become the largest commercial bank in the world in terms of market capitalization, profitability, client deposits and brand value.
In recent years, it has actively pursued an international operational strategy through organic growth as well as mergers and acquisitions. As of today, ICBC has set up 175 foreign branches in 22 countries and regions.
Special Report: Global Financial Crisis
