ICBC actively promoted the innovative development of wealth management business in 2015, which created significant wealth income for customers while supporting real economy with allocation of wealth management funds. According to statistics, the Bank’s wealth management business brought in more than RMB100 billion income for its customers in 2015. At the end of the year, the balance of wealth management products managed by ICBC stood above RMB 2.5 trillion, maintaining the leading position in domestic asset management market. In addition, ICBC contributed more than RMB 250 billion wealth management funds to the real economy, including many quality projects in areas of transportation, energy, communications, urban infrastructure, rail transportation and affordable housing, among others.

According to an official with ICBC, the Bank has been focusing on market changes and customers’ investment demand in recent years and boosted the Big Asset Management Strategy by relying on the Group’s international business advantages to provide professional and diversified asset management services. Amid low interest rate and strong volatility of capital market in 2015, the wealth management products managed by ICBC generally maintained stable earnings, among which, the products such as “Zun Xiang”, “Heng Sheng” and “Monthly Accumulation & Earning” outperformed respective performance benchmarks, generating excess return for customers.

In innovation of wealth management products and services in 2015, ICBC has continued to develop wealth management products into the net-value products with more reasonable maturity and earnings that could better reflect market conditions. A series of net-value products have been launched such as “Zeng Li”, “Zun Li”, “Wen Li”, “Tong Li”, “T-bond Futures”, “Zun Xiang” and “Sui Xin e”. Currently the size of the net-value products under ICBC’s management exceeds RMB 300 billion. In addition, ICBC has customized cross-border asset management and allocation solutions based on the needs of customers, and successfully established a cross-border asset management product system covering QDII, RQDII, QFII, RQFII and QFLP. For overseas and offshore markets, ICBC has expanded into cross-border wealth products for free trade zones, European UCITS fund and overseas central bank asset management services, which further enhanced its capabilities in global asset allocation and management. Besides, the Bank has innovated wealth management services by leveraging the advantages of Internet banking. In 2015, the wealth management products sold via the Internet reached more than RMB 2 trillion.