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Terms and Conditions apply. For details, please visit the Bank’s website.

Investment involves risk, the above information and simulation process demonstration diagram are provided for reference purposes only; the data does not and should not be construed as investment advice, nor does it constitute a solicitation for investment in any of the aforementioned products. Interest rate fluctuations may affect bond prices. Do not enter into this transaction unless you fully understand and are willing to assume the risks associated with it. Bond/ CDs is NOT equivalent to, nor should it be treated as a substitute for time deposit. It is NOT a protected deposit and is NOT protected by the Deposit Protection Scheme in Hong Kong.

Bond – Risk Disclosure Statement:

Issuer Credit Risk: Bonds are subject to the risk of the issuer defaulting on its obligations. It should also be noted that credit ratings assigned by credit rating agencies do not guarantee the creditworthiness of the issuer; In the worst case scenario, you may lose the entire investment with no coupon received.

Interest Rate Risk: The price of bond is subject to interest rate fluctuation. You may incur a loss if you want to sell the bond before maturity.

Exchange Rate Risk (Applicable to bond denominated in a foreign currency): Any fall in the foreign currency will reduce the amount you receive when you convert a payment of interest or principal back into your local currency.

Risks relating to RMB: The Chinese Renminbi is currently a restricted currency. Due to the exchange controls and/or restrictions which may be imposed by the PRC government on the convertibility or utilization of RMB from time to time, there is no guarantee that disruption in the transferability, convertibility or liquidity of RMB will not occur. There is thus a likelihood that you may not be able to convert the Chinese RMB received into other freely convertible currencies.

Liquidity Risk: If you wish to sell the bond before maturity, there may be no ready secondary market. You should consider your need for cash during the investment period.

Event Risk: Events including but not limited to bond issuer undertakes a leverage buyout, debt restructuring, merger or recapitalization can cause the price of bond to drop. In case the corporate restructurings are financed by the issuance of a large amount of new debt-burden, the company's ability to pay off existing bonds will be weakened.

Reinvestment Risk: If the issuer redeems the bond before maturity, you may only be able to enter into a similar product at a lower interest rate than previously available. The issuer may also redeem the bond due to different factors such as change of control or tax issues and exercising its make-whole call right. You will face the reinvestment risk.

Special Features: You should pay extra attention to the following special features, such as variability of payment, deferral of payment terms, extendable, exchangeable, convertible and with non-viability loss absorption feature, would also affect the certainty of your interest payments

High-yield bonds: You might need to face a higher credit risk as high yield bonds are typically rated below investment grade or are unrated. Moreover, they are more vulnerable to adverse economic cycle.

Last but not least, if you subscribe bond listed under Chapter 37 of the Main Board Listing Rules on HKEx, then you should pay attention to disclaimer statement by HKEx in the Relevant Document - HKEx takes no responsibility for the contents of the listing document and make no representation as to its accuracy or completeness, the issuer accepts full responsibility for the accuracy of the information contained in the listing document.

Certificate of Deposit (“CD”) – Risk Disclosure Statement:

Issuer risk: The CD is issued by ICBC (Asia). If ICBC (Asia) becomes bankrupt or default, you may lose part or the whole of your investment amount. In the worst case scenario, depositor may lose the entire investment with nocoupon received.

Risks relating to RMB: The Chinese Renminbi is currently a restricted currency. Due to the exchange controls and/or restrictions which may be imposed by the PRC government on the convertibility or utilization of RMB from time to time, there is no guarantee that disruption in the transferability, convertibility or liquidity of RMB will not occur. There is thus a likelihood that you may not be able to convert the Chinese Renminbi received into other freely convertible currencies.
All payments in respect of the CD will be made solely by transfer to a RMB bank account maintained in Hong Kong in accordance with prevailing rules and regulations.

Interest Rate Risk: The return on the CDs may decrease with changes in relevant interest rates during the term of the Deposit.

Liquidity Risk: As the CD has its specific maturity date, if depositor wishes to sell or transfer the CDs before maturity, there may be no ready secondary market. The selling value of the CD (if any) may be affected by market factors and may be lower than the principal amount. In the event of early withdrawal, depositor may incur a significant loss of principal where the proceeds may be substantially lower than the invested amount. Therefore depositor should consider your need for cash during the deposit period and be prepared to hold the CD till maturity.

Important Notice:

The above risk disclosure statements cannot disclose all the risks involved. If you would like to get a full risk disclosure statements, please visit any branch of the Bank for enquiries. Before making investment decision, you should thoroughly study the offering documents; the financial reports and relevant risk disclosure statements issued by the issuer of the investment product(s). Further you should consider your own circumstances and financial position to ensure the investment are suitable for your particular investment needs. You should seek independent financial and professional advice before trading or investment. This promotional material does not constitute an offer for the purchase or sales of any investment products. This promotional material is issued by Industrial and Commercial Bank of China (Asia) Limited (“ICBC (Asia)” or “the Bank”) and the contents have not been reviewed by the Securities and Futures Commission of Hong Kong.