On the morning of July 2 (French time), with the witness of Chinese Premier Li Keqiang and French Prime Minister Manuel Valls, ICBC signed in China-French Business Summit two strategic cooperation agreements with Louvre Hotels Group and Toulouse Chamber of Commerce and Industry, Toulouse Airport respectively with a total amount of EUR 3.5 billion.

According to the agreements, ICBC will carry out an overall and multi-level strategic cooperation with Louvre Hotels Group and Toulouse Chamber of Commerce and Industry, Toulouse Airport in terms of two-way cross-border capital pool, investment fund raising, global cash management, cross-border trade settlement, among others.

Both acquisition of Louvre Hotels and privatization of Toulouse Airport were regarded as the successful cases of Chinese enterprises to "go global" for overseas mergers and acquisitions in 2015. Acquisition of Louvre Hotels Group by Shanghai Jinjiang International Hotels Group with EUR 1.37 billion represents the largest single amount of China-France M & A transaction so far this year.

In recent years, ICBC has leveraged the advantages of the Group in integration and global service network, and provided comprehensive financial services for Chinese enterprises going global and the construction of "One Belt and One Road". With an overseas network across 42 countries and regions, ICBC has become the Chinese financial institution with the most extensive network in the world. With the opportunity of "One Belt and One Road", and by leveraging its extensive experience in overseas infrastructure investment and financing, the innovative "commercial banking + investment banking" model, and its diversified overseas product lines, ICBC provides enterprises with professional investment and financing services in fields of tourism, infrastructure construction, electric power, transportation, oil and gas, minerals, among others.