The asset custody size of ICBC reached RMB 11.5 trillion at the end of 2015, doubling from the beginning of the year and representing a significant stride from the RMB 1 trillion level to the RMB 10 trillion level. ICBC has further cemented its leadership by remaining as China's largest custody bank for 17 consecutive years.

An executive with ICBC said that in recent years, the Bank has enhanced its service capacity in line with market needs and established a solid system of asset custody products and services leveraging ICBC Group’s strengths in global and integrated operations. Currently ICBC leads the market in terms of securities investment funds, insurance, bank wealth management, enterprise annuity, separately managed accounts and global asset custody. The custody comprises RMB 1.9 trillion for securities investment funds, RMB 2.7 trillion for insurance assets, RMB 1.2 trillion for separately managed accounts and RMB 3 trillion for bank wealth management.

As to innovation in custody products, ICBC has pursued growth in emerging businesses, including Notes Express, Wealth Management Express and asset custody outsourcing. ICBC successfully took custody of China’s first mixed ownership reform fund, New Third Board channel, public offering fund investing in the Hong Kong market through the Shanghai-Hong Kong Stock Connect channel, merger and acquisition concept fund and the first pension product equity investment, which has given a strong impetus to the rapid and healthy growth of custody business.

Meanwhile, ICBC has continued to improve its custody service network extending from headquarters to the whole country and from local custody to global custody, marking a consistent enhancement of custody service capacity. At present, all tier-one branches and branches directly controlled by the Head Office of ICBC are qualified for custody business, forming a complete custody service network nationwide. Also, by leveraging its strengths in international operation, ICBC has established a global network of custody services. Through its overseas institutions including ICBC (Asia), ICBC (USA), ICBC (Europe) and Singapore Branch, ICBC provides cross-border custody services to over 150 investment institutions at home and abroad, covering QDII, RQDII, QFII, QQFII and foreign sovereign funds.