OREANDA-NEWS. December 23, 2013. ICBC Qianhai Branch announced open for business on Nov. 30, 2013 at Shenzhen Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone ("Qianhai Cooperation Zone"), marking the entrance of the world's largest commercial bank in Qianhai.

As the first large state-owned commercial bank in Qianhai, ICBC Qianhai Branch is the "early mover" and "experimental field" for ICBC to promote its cross-border financial services. Backed by ICBC's global network and cutting-edge information technology, this new branch is committed to provide high-quality integrated financial services to the companies in the Qianhai Cooperation Zone and even to broader customer base. Meanwhile, the Branch seeks new approach to expand ICBC's global footprint and serve customers worldwide through innovation on business, service and management.

Qianhai Cooperation Zone is a further step by China to open up to the world and a special measure to push another round of development in Shenzhen. It also offers an opportunity for the financial sector to reform and experiment. ICBC highly values the historic opportunity and takes the lead in settling in Qianhai. As of today, ICBC is one of the banks in Qianhai with the largest customer base in cross-border RMB loan service. In terms of service, ICBC Qianhai Branch highlights three features.

First, "high-end positioning". Qianhai Branch is a tier-2 branch of ICBC in Qianhai Cooperation Zone integrating geographic, resource and policy strengths. By leveraging ICBC's financial, innovation, technology and operation advantages, a full-suite high-standard financial services will be provided covering "domestic + overseas, RMB + foreign currency and online + offline" service. Backed by the international resources in the Qianhai Cooporation Zone, ICBC Qianhai Branch offers integrated quality services to local and global customer, exploring cross-border, multi-channel financing service. ICBC will also introduce international financial institutions with advanced management expertise to launch cross-border financial cooperation and build an "experimental base" of world-class financial service.

Second, "new initiatives". As a driver to build core competence and global innovation, Qianhai Branch is highly regarded by the Group. To highlight its key strategic position, ICBC took the unprecedented move to open a tier-2 branch in an area of only 15 square kilometers. ICBC Qianhai Branch also structures a unique business model by keeping up with China’s financial reform. Based on ICBC Group's globalization and diversification, the Branch works with ICBC branches at home and abroad to create four integrated platform -- "Financial Product Innovation Platform", "Financial Asset Exchange Platform", "Cross-Border Finance Platform", "Corporate Headquarters Financial Services  Platform".

Third, "outstanding team". Located at the "special zone of the special zone", ICBC authorizes Qianhai Branch to experiment on mechanism, workflow and products. Qianhai Branch will work with Head Office, ICBC domestic and overseas branches to provide real globalized, integrated and innovative service. Qianhai Branch also employs cooperative human resource strategy to build an innovative globalized management team with different backgrounds, different expertise, providing strong support to the development of the branch.