ICBC Custody
Expertise creates value, Credibility achieves dreams.
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24 trillion
RMB in asset under custody
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102 awards
Best custodian bank of the year
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36 branches
Dedicated professional team
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1000+
Employees in global custody team
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20+ years
Executive average experience
The Asset Custody Department of ICBC has thirteen divisions, namely: Securities Investment Fund Division, Entrusted Asset Division I, Entrusted Asset Division II, Global Asset Custody Department, Social Security Fund Asset Custody Department, Outsourcing Center, Operations Division I, Operations Division II, Operations Division III, Investment Supervision division, Comprehensive Management division, Risk Management division, and Digital Promotion division. The head office has established head office level operation centers in Beijing, Shanghai, Guangzhou, Shenzhen, Zhejiang, and Chongqing branches, and has established a custody operation system of head office operation centers + 6 head office level operation centers in Beijing, Shanghai, Guangzhou, Shenzhen, Zhejiang, and Chongqing, along with other branches. All 36 branches domestically offer asset custody services, providing professional custody services to clients.
As of the end of 2023, ICBC Asset Custody Department employs over 1,000 professionals. ICBC Asset Custody Department(Head Office) has 209 staff, with over 98% holding bachelor's degrees or higher and qualifications in fund management industry. Senior managers hold graduate degrees or higher-level technical titles.
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Founding Chair of the Custodian Services Committee of the China Banking Association
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Director of the AMAC
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Co-Chair of the Custody and Operations Professional Committee of the AMAC
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Deputy Director of the Operations and Custody Professional Committee of the IAMAC
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Leader of the Fund Valuation Group of the AMAC
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Leader of the Money Market
Fund Shadow Pricing Group -
Working group member of electronic fund information disclosure group
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Member of the Fund Information Disclosure Electronic Industry Standard Group
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Leader of the Pension Industry Custody Research Group of the MOHRSS
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Member of Financial and Taxation Working Group of the AMAC
Industrial and Commercial Bank of China (ICBC) leverages its global organizational structure and efficient service team to build a comprehensive custody network, ensuring its leading position in cross-border asset management. ICBC has established over 410 overseas branches across 49 countries and regions worldwide, with independent custody service teams and self-operated networks in China, Hong Kong, Macau, Singapore, the United States, and Argentina. This robust global presence, combined with a professional team, allows ICBC to fully meet the needs of cross-border asset management.
Relying on technology, innovation, expertise, we have established a full-custody service brand. ICBC offers secure, convenient, and value-added custody services, covering asset custody, fund settlement, accounting, asset valuation, investment supervision, and information disclosure. We provide comprehensive financial information, bond default warnings, and investment management analysis service.
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- First Custodian Bank
- First Custodian Bank in China with Abundant Experience
- First Custodian Bank
- In February 1998, ICBC became the first bank in mainland China to obtain qualifications for securities investment fund custody, as approved by the China Securities Regulatory Commission (CSRC) and the People's Bank of China (PBOC). In March of the same year, ICBC was the first in the country to provide custody services for Kaiyuan Fund and Jintai Fund, marking its position as the earliest custodian bank in China with a long history and extensive business experience.
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- Global Network
- Global Network with Premier Custody Services
- Global Network
- ICBC's custody network covers markets across Asia, the Americas, and Africa, ensuring that the custody needs of clients in major financial centers around the world are fully met.
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- Leading Custodian Bank
- Leading Custodian Bank with Trusted Brand Strength
- Leading Custodian Bank
- ICBC is dedicated to building its custody service brand, with the influence and market reputation of the "ICBC Custody" brand growing steadily. Since 2004, ICBC has received a total of 102 "Best Custodian Bank of the Year" awards from various authoritative financial media, making it the most awarded custodian bank in China.
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- Largest Asset Custodian Bank
- Largest Asset Custodian Bank with Market Leadership
- Largest Asset Custodian Bank
- ICBC's assets under custody reached RMB 24 trillion, further solidifying its absolute market-leading position. The bank leads the industry in the custody of products such as securities investment funds and insurance assets, with the total scale of its global custody business exceeding RMB 1.5 trillion. Over the years, ICBC has developed the most comprehensive custody product portfolio in China, fully encompassing the large asset management market.
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- Cutting-Edge Technology
- Cutting-Edge Technology with Innovative Systems
- Cutting-Edge Technology
- Since launching custody business in 1998, ICBC has consistently insisted on developing custody system in house.In response to the rapid innovation and growing competition in capital markets, as well as increasing internal and external demands, ICBC has continuously enhanced technology investments. ICBC adopted a five-dimensional strategy focused on digital ecosystem, digital assets, digital technology, digital infrastructure, and digital genes. With data and technology as key drivers, ICBC has restructured its custody system to cover five key areas: business management, marketing, operations, client service, and data support, aiming to build a new financial infrastructure.
By adopting client-centric focus strategy, ICBC leverages its strengths in centralized operations, large-scale transaction data, and client investment and financing information. By integrating marketing insights, risk assessments, and investment research, ICBC provides value-added services across the entire investment lifecycle—from product creation, fundraising, investment, management, to exit.
ICBC custody system also utilizes advanced technologies such as AIGC models, RPA, OCR, instant BI, and NLP in fund reconciliation, account monitoring, transaction oversight, and SWIFT processing areas. These innovations not only meet clients' personalized service needs but also significantly improve the digital capabilities of daily custody operations and services..
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- Robust Risk Management
- Robust Risk Management System with Comprehensive Safeguards
- Robust Risk Management
- ICBC has established a comprehensive risk management system for custody services, integrating custody risk management into the bank's overall risk management framework. ICBC develop comprehensive risk management methods to control various risks in custody services, establishing three lines of defense for risk prevention. This system forms a risk control mechanism involving regulatory authorities, the bank's internal control departments, the risk management department at the head office, and independent risk control institutions within the custody department. ICBC has developed and continuously improved its emergency response plans by conducting regular drills across the bank. We also established an emergency mode combining "remote work and offsite switching" to ensure the continuity and stability of custody services in extreme situations.
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- Value-added advantages
- Covering the enitre life-cycle: creation, fundraising, investment, management and exit
- Value-added advantages
- ICBC Custody attaches great importance to institutional clients, aiming to improve information sharing, investment and trading convenience, risk monitoring, and performance evaluation service. Integrating our bank's financial technology and group resources, we combine industry data with external financial information to create a one-stop, multi-dimensional, self-service value-added ecosystem. This provides our custody clients more comprehensive information, better risk management, higher operational efficiency, and improved asset performance service. We aims to foster an open, collaborative, and mutually beneficial environment for our clients. ICBC Investment Service Cloud, one of our custody service channels, works alongside direct interfaces, online banking, and mobile banking to provide clients with a seamless and one stop service experience.
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- Global Custody Expertise
- First Custodian bank to provide Cross-Border Custody with Global Expertise
- Global Custody Expertise
- ICBC is the earliest commercial bank in China to offer cross-border custody services, providing a full range of cross-border custody services and products, including QFI, QDII, CIBM Direct, GDR, QFLP, QDLP, and ESCROW, to over 200 cross-border investors. ICBC is the domestic custodian bank with the most comprehensive range of clients and the largest number of Clients. The bank offers global custody services through its overseas branches in Hong Kong, Singapore, Argentina, Macau, and others. ICBC also partnering with leading global custodians to establish a robust and mature global custody network that combines the group's overseas branches with global custodians. This network provides cross-border custody services with "one point access, global service" for domestic and international clients. Furthermore, ICBC continues to lead market innovation, launching the first CDR custody service in China, the first GDR underlying securities custody service, and the first custody services for the "China-Japan ETF Connect", "Shenzhen-Hong Kong ETF Connect", and the Bond Connect "Southbound Connect" products, offering global investors safer, more efficient, and more convenient global custody services.
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- Industry Standard Leader
- Industry Standard Leader with Professional Excellence
- Industry Standard Leader
- ICBC has 36 branches across China that offer custody services, with over 1,000 dedicated staff members in both domestic and international custody teams. Our custody team is highly skilled, and we serve as the leading organization for the Custody Business Professional Committee of the China Banking Association and as a director and co-chair of the Custody and Operations Professional Committee of the Asset Management Association of China. We are actively involved in setting industry standards. In 2021, ICBC improved its training system by integrating market dynamics and developing overall training plans. ICBC continues to cultivate a professional custody team.
- ICBC (Asia) Website
- https://www.icbcasia.com/...
- Singapore Branch Website
- https://singapore.icbc.com.cn/...
- ICBC Macau Website
- https://www.icbc.com.mo/...
- ICBC provides custody services covering more than 90 markets worldwide through its group and sub-custody network.
- ICBC offers global custody services through its overseas branches in Hong Kong, Singapore, Argentina, Macau, and others.
