Industrial And Commercial Bank Of China Ltd was incorporated on October 28, 2005. The Bank provides financial products and services in China. It provides corporate and personal banking, treasury operations, investment banking, asset management, trust, ﬁnancial leasing, insurance and other ﬁnancial services. It is organised into different operating segments, namely corporate banking, personal banking and treasury operations, based on internal organisational structure, management requirement and internal reporting system. The corporate banking segment covers the provision of ﬁnancial products and services to corporations, government agencies and ﬁnancial institutions. The products and services include corporate loans, trade ﬁnancing, deposit-taking activities, corporate wealth management services, custody activities and various types of corporate intermediary services. The personal banking segment covers the provision of ﬁnancial products and services to individual customers. The products and services include personal loans, deposit-taking activities, card business, personal wealth management services and various types of personal intermediary services. The treasury operations segment covers the Group's treasury operations which include money market transactions, investment securities, foreign exchange transactions and the holding of derivative positions, for its own accounts or on behalf of customers. This segment covers the Group's insurance and leasing services as well as the other assets, liabilities, income and expenses that are not directly attributable or cannot be allocated to a segment on a reasonable basis.
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