15 Billion! ICBC Leasing Reinvestment Approved

Recently, ICBC received regulatory approval to inject 15 billion yuan in capital into its wholly-owned subsidiary, ICBC Leasing. After the reinvestment, ICBC Leasing’s registered capital will reach 33 billion yuan, further consolidating its position as a global leader and the largest financial leasing company in China by registered capital. This move will actively contribute to Tianjin’s efforts to build a high-standard demonstration zone for financial innovation and operations.

ICBC Leasing was registered and established in TEDA in November 2007 as the first bank-affiliated financial leasing company in China. It has since developed three major business segments: aviation, maritime, and comprehensive leasing. Taken root in TEDA over the years, ICBC Leasing has leveraged Tianjin’s high-level cluster development of the financial industry and the policy advantages of pioneering trials in the financial leasing sector. It has grown into a leading enterprise in the financial leasing industry.