OREANDA-NEWS. July 03, 2013. ICBC has recently hosted the "Bank-Enterprise Join Hands to Create a Bright Future - Chinese Companies 'Go Global' Summit Forum (Europe)" in Nanjing, Jiangsu province. The Forum was aimed to let Chinese companies who wish to "go global" to get more details about the economy in Europe, identify and control the risks during merger and acquisition, and screen out potential M&A opportunities in Europe.

In recent years, Chinese companies are gathering pace to go to Europe to acquire companies to a total of over USD 16 billion in 2012. For two consecutive years, Europe is the most active destination for Chinese companies looking for M&A deals. Europe has advanced technology in industries such as equipment manufacturing, advanced experience in global operation and a variety of famous brands in different sectors, providing vast investment opportunities for Chinese companies.

At the forum, ICBC presented how to use different investment banking products and commercial banking products to conclude the acquisition, giving a good reference for companies at the forum to plan or execute their acquisitions. Many partners and corporate clients of ICBC, including respected investment banks, legal firms from Europe and representatives of companies who have completed their acquisitions in Europe, presented their views on Europe's economy, China-Europe M&A market, and experience in screening target European firms, control during acquisition and consolidation after acquisition. The Forum also presented 20+ top European companies as potential targets for investment.

In China, ICBC is the first commercial bank to set up an investment banking department. Over a decade of growth, ICBC consistently focuses on innovation of investment banking products, which include 10+ products under 4 categories of M&A, equity finance, consultancy and advisory and investment banking research. In cross-border M&A service, ICBC continues expanding its product offering to provide "one-stop" solution for companies to make acquisition outside China. As of today, ICBC provides Chinese companies three categories of M&A services (financial advisory, financing consultant, loan arrangement) in cross-border acquisition, and offers comprehensive services like project referral, deal matching, solution design and loan arrangement. Over the past few years, ICBC has supported 30+ Chinese companies to complete their acquisitions outside China, involving a total of over USD 20 billion, making itself a leading bank in cross-border M&A service.