# Industrial and Commercial Bank of China

> Industrial and Commercial Bank of China is a VC fund backing Manufacturing. See 47 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Beijing, China
- Total investments: 47
- Last investment: Jul 2026
- Lead investor: 30%
- Last fund: Mar 2025
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/icbc_2/about/
- Website: http://www.icbc.com.cn/ICBC/sy
- Facebook: https://www.facebook.com/icbcglobal/

Industrial and Commercial Bank of China is a VC fund in Beijing focused on Manufacturing and Energy. In 2011, the Industrial and Commercial Bank of China Limited ("ICBC") remained committed to serving the economy during an extraordinarily difficult year. The Bank forged ahead business re-orientation and development advance by better aligning the diversified needs of financial services from customers. Through spreading effort on a globalscale and integrated operation, ICBC stepped up its reform backed by robust corporate governance practices and risk management. ICBC was well-positioned to remain as the world's largest bank by market value, customer deposit.ICBC provides a wide range of financial products and services to 4.11 million corporate clients and 282 million individual customers through 16,648 outlets across China, 239 overseas subsidiaries and a global network of more than 1,669 correspondent banks as well as Internet Banking, Telephone Banking and Self-service Banking. ICBC established strong presence by its commercial banking operation and rapid expansion to markets worldwide. ICBC held the top slots in the country in many business areas of commercial banking.At the end of 2011, total assets reached RMB 15,476.868 billion, representing an increase of RMB 2,018.246 billion, or 15.0% over the end of previous year; Total liabilities reached RMB 14,519.045 billion at the end of 2011, up RMB 1,882.08 billion, or 14.9% from a year earlier. Having a 25.6% increase against previous year in net profit to RMB 208.445 billion in 2011, ICBC defended its position as the world’s most profitable bank. Return on average total assets and return on weighted average equity on par with the international standard, were at 1.44% and 23.44% respectively. Earnings per share rose RMB 0.12 from a year earlier to RMB 0.6. Ratio of non-performing loans fell to 0.94 percent, down 0.14 percentage points against previous year. Bad loan balance and ratio "both declined" in the twelve years in a row. ICBC scaled up its capital strength and sustainable development by securing capital adequacy ratio and core capital adequacy at 13.17% and 10.07% respectively.ICBC recently bolstered its business portfolio and advanced the transformation of Corporate Banking in line with the changes in the macro environment. One focus was to expand the customer base through different enhanced services targeting at different customers, especially services to key customers and small-and-medium business owners. In order to meet the demand of customers for diversified financial services, ICBC exerted concrete steps to increase synergy between commercial banking and investment banking through service innovation and all-product marketing. Asset management, account services, asset support services, intermediary finance services were financial asset services for large customers. Leveraging its global service network and integrated IT platform covering all ICBC branches at home and abroad, ICBC supported "go global" projects of Chinese enterprises. Global cash management, cross-border RMB services were some of the global services of ICBC to serve worldwide customers. ICBC has been named "Best Corporate Bank in China" by the UK Financial Times. At the end of 2011, the Bank had 4.11 million corporate customers，while 127,000 customers had loan balances with the Bank, or an increase of 25,000 customers over end of previous year. According to data from People's Bank of China, by the end of 2011 ICBC ranked No. 1 among the domestic banks in terms of corporate loans and corporate deposits with market shares of 12.0% and 12.7% respectively.The bank has locations in Beijing, Shanghai, Tianjin, Qingdao, Qinhuangdao, Shenyang, and Hong Kong.

## Contacts

5 contacts available for Industrial and Commercial Bank of China. Shizune tracks 24 team members at Industrial and Commercial Bank of China. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/industrial-and-commercial-bank-of-china?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 10 | 21% |
| Energy | 6 | 13% |
| Real Estate | 6 | 13% |
| Automotive | 4 | 9% |
| Electronics | 4 | 9% |

67 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Debt Financing | 18 | 38% |
| Post-IPO Debt | 13 | 28% |
| Venture - Series Unknown | 3 | 6% |
| Series A | 2 | 4% |
| Series B | 2 | 4% |

9 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 21 | 45% |
| Australia | 3 | 6% |
| United Arab Emirates | 3 | 6% |
| Singapore | 2 | 4% |
| Saudi Arabia | 2 | 4% |

17 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Bojana Ciric | Vice President, Data Governance Lead, Data Quality Product Lead | 0 | https://shizune.co/investors/profile/bojana-ciric |
| Fu Zhongjun | Non-Executive Director | 0 | https://shizune.co/investors/profile/fu-zhongjun |
| Ge Rongrong | Non-Executive Director | 0 | https://shizune.co/investors/profile/ge-rongrong |
| Gu Shu | Senior Executive Vice President | 0 | https://shizune.co/investors/profile/gu-shu |
| Hong Yongmiao | Independent Non-executive Director | 0 | https://shizune.co/investors/profile/hong-yongmiao |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Easpring Finland New Materials Oy | Easpring Finland New Materials Oy is a manufacturing company that offers battery materials plant development and operation. It is a joint venture by Beijing Easpring Material Technology, Finnish Materials Group and LG Energy Solution. | $588.7M | Debt Financing | Jul 09, 2026 |  |
| Frasers Property | Frasers Property is a company that owns, develops and manages a diverse portfolio of properties across the globe. | $841.8M | Post-IPO Debt | Jun 04, 2026 |  |
| Frasers Tower | Frasers Tower is a investment holding entity that develops, owns, and manages a global real estate portfolio.The firm's business spans the commercial, residential, hospitality, retail, industrial, and logistics sectors. | $843.5M | Post-IPO Debt | Jun 02, 2026 |  |
| Z Truck | Zaihe Automobile is the manufacturer of new energy commercial vehicles for logistics industry. |  | Debt Financing | May 15, 2026 |  |
| Turkcell | Turkcell is a GSM-based mobile communications company providing a variety of audio and data communication services. With over 35 million subscribers as of 2013, Turkcell provides services to customers in over nine countries. Established in February 1994, Turkcell is the first Turkish company to be listed on the New York stock exchange. | $1B | Post-IPO Debt | Mar 23, 2026 |  |
| Windrose Technology | Windrose Technology builds a next generation zero-emissions and intelligent heavy-duty truck platform. |  | Debt Financing | Feb 04, 2026 |  |
| CDB Aviation | CDB Aviation is a global platform which owns, leases, and manages commercial aircraft. CDB Aviation Lease Finance (CDB Aviation) is a customer-centric relationship driven organization where they understand an aircraft lease is not simply a single transaction of an airplane lease, rather an engagement and understanding recognizing airlines fleetneeds are specific and ever changing. | $710M | Debt Financing | Dec 19, 2025 |  |
| ADNOC | ADNOC Oil Pipelines is a subsidiary of ADNOC. | $11B | Debt Financing | Dec 18, 2025 |  |
| Saudi Electricity Company | The Saudi Electricity Company (SEC abbreviated or SECO) is a Saudi Arabian power company headquartered in Riyadh. | $1.5B | Post-IPO Debt | Dec 15, 2025 |  |
| Xinshinuo Semiconductor | Xinshinuo Semiconductor is a domestic semiconductor equipment and technology company. | $70.9M | Venture - Series Unknown | Dec 15, 2025 |  |

10 of 47 investments shown.

## Co-investors
- [Bank of China](https://shizune.co/investors/profile/bank-of-china) — VC Fund, 15 deals together
- [Agricultural Bank of China](https://shizune.co/investors/profile/agricultural-bank-of-china) — VC Fund, 10 deals together
- [China Construction Bank](https://shizune.co/investors/profile/china-construction-bank) — VC Fund, 9 deals together
- [Bank of Communications](https://shizune.co/investors/profile/bank-of-communications) — VC Fund, 8 deals together
- [DBS Bank](https://shizune.co/investors/profile/dbs-bank-ltd) — VC Fund, 6 deals together
- [Standard Chartered Bank](https://shizune.co/investors/profile/standard-chartered-bank) — VC Fund, 5 deals together

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## FAQ

### What does Industrial and Commercial Bank of China invest in?

Industrial and Commercial Bank of China invests primarily in Manufacturing, Energy and Real Estate startups, most often at Debt Financing and Post-IPO Debt stage. Most of the 47 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Industrial and Commercial Bank of China?

Public channels for Industrial and Commercial Bank of China include LinkedIn, the website linked on this profile and Facebook. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Industrial and Commercial Bank of China?

The team at Industrial and Commercial Bank of China includes Bojana Ciric (Vice President, Data Governance Lead, Data Quality Product Lead), Fu Zhongjun (Non-Executive Director) and Ge Rongrong (Non-Executive Director), among 24 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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