Recently, ICBC and Daimler-Chrysler Automobile Finance (China) Co. Ltd. (hereinafter referred as Daimler-Chrysler Finance (China)) officially signed Cash Management Service Agreement. The Agreement marked the beginning of full cooperation between Daimler-Chrysler Finance (China) and ICBC.

Daimler-Chrysler Finance (China) is an associated company under Daimler-Chrysler Group, wholly owned and controlled by Daimler-Chrysler Finance Service Co. Ltd. It is the third automobile finance company in the world. It supports Daimler-Chrysler Group's sales in China through offering personal auto loan and dealer stock financing service.

Since 2004, senior leaders from Daimler-Chrysler Group and ICBC held several mutual visits to further improve the relationship between bank and enterprise. ICBC distinctively won the tender and become the cash management bank of Daimler-Chrysler Finance (China) because of its diversified banking products, systematic solutions and advanced settlement network. ICBC stated that further cooperation with Daimler-Chrysler Finance (China) would be in inter-bank lending and vehicle certificate custody and other aspects soon.