ICBC Financial Leasing Co., Ltd., solely invested by ICBC, held a formal opening ceremony and celebration cocktail party respectively in Tianjin and Beijing on November 28th. Dai Xianglong, mayor of Tianjin, Cui Jindu, vice-mayor of Tianjin, Cai Esheng, vice-president of China Banking Regulatory Commission,  government departments such as Ministry of Commerce, Ministry of Railways, General Administration of Civil Aviation of China, Martine Customs Administration, State Administration of Foreign Exchange, etc, the representatives coming from the domestic and foreign big enterprises engaged in aviation, shipment, energy sources and finance etc, Jiang Jianqing, Chairman of the Board of ICBC, Yang Kaisheng, president of ICBC, Wang Weiqiang, Chairman of the board of supervisor of ICBC, Li Xiaopeng, vice-president of ICBC and Chairman of the Board of ICBC Financial Leasing Co., Ltd., Yi Huiman, Senior management member of ICBC head office and president of ICBC Beijing branch, Xu Shanda, independent director, Wei Guoxiong, the CFO and some other leaders of ICBC, ICBC branches and HQ department attended the ceremony. On the ceremony, ICBC signed co-operation contract with COSCO Group, AirChina Group, Hainan Air Group and Seaspan Company respectively.

ICBC Financial Leasing Co., Ltd. is solely invested by ICBC. The register capital is RMB 2 billion, and the register place is Bin Hai Xin Qu in Tianjin. The company is the first innovation finance leasing company approved by China Banking Regulatory Commission and it's one of the biggest finance organizations in Bin Hai Xin Qu in Tianjin. ICBC Financial Leasing Co., Ltd. will rely on the policy and area advantage of Bin Hai Xin Qu, which is national integrated reform experiment area and costal development and opening area, and depend on the market and brand force which ICBC formed during the long term reformation and development, and follow the marketization and specialization guidelines to develop internationalization management distribution. ICBC Financial Leasing Co., Ltd. will mainly deal with shipping, airplane and large scale equipment to provide domestic and foreign customers with leasing, rent transfer and securitization, capital management, property investment consultant and so on innovation financing services.

ICBC is the biggest airplane financing bank and one of the biggest shipping financing banks in China, and it has widely customers and rich reserve of talents for related services. Setting up Financial Leasing Co., Ltd. is an import act for ICBC to explore integrating management development, which will enhance ICBC market across service ability and efficiently advance the income structure and operation structure adjustment.