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Feb 18, 2008

English Chinese translation sample-international banking

(Edited by freelance Chinese translator li – English to Chinese translation or Chinese to English translation services- financial translation)

VI. International Banking
ICBC has its business in every financial center worldwide, with its branch in Hong Kong, Macao, Singapore, Tokyo, Seoul, Pusan, Frankfurt and Luxemburg, and its institution of holdings in Hong Kong, London, Luxemburg and Almaty, and its agency in New York, Mexico and Sidney. By the end of 2006, ICBC's institutions abroad had amounted to 98, and it had established agent bank relationship with 1,266 foreign banks in 117 countries and regions. The total assets in branches and institutions of holdings abroad amounted to USD 26.72 billion, a y-on-y increase of 15.26%.


On December 30, 2006, ICBC signed an agreement of acquisition with the directors of Bank Halim Indonesia to acquire 90% of shares in the bank. This was the first cross-nation bank acquisition completed by ICBC and was also its first entrance into the foreign market by means of acquisition.

  2006年12月30日,与印尼Bank Halim Indonesia股东签署了收购协议,将收购该行90%的股份。本次收购是中国工商银行完成的首次跨国银行收购,也是第一次以收购方式进入国外市场。

ICBC (Asia) Co. Ltd. (ICBC Asia) is currently the largest ICBC business unit outside China. It provides comprehensive retail and personal financing service, as well as commercial and corporate banking service. A leading role in the Hong Kong market in terms of syndicate loans and structural loans, it has established a network of branches in the major commercial and potential areas in Hong Kong. By the end of 2006, ICBC Asia's total assets amounted to HKD146.392 billion, which was ranked No. 6 among the registered banks listed in SEHK. Its net assets amounted to HKD 11.085 billion, with HKD 1.246 billion as profit attributed to shareholders in 2006.


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