Industrial and Commercial Bank of China (ICBC) was established in June 1984 65438+ 10/. The head office is located at 55 Fuxingmennei Street, Beijing. It is a large state-owned bank managed by the central government and a national deputy ministerial unit. The basic task of China Industrial and Commercial Bank is to abide by national laws and regulations,
Raise social funds through financing activities at home and abroad, strengthen the management of credit funds, support enterprise production and technological transformation, and serve China's economic construction.
Therefore, ICBC has a subsidiary, which is a national vice-ministerial unit and belongs to state-owned enterprises.
Extended data:
The role of China Industrial and Commercial Bank:
I. Credit intermediaries
Credit intermediary is a land letter, which plays an intermediary role in the credit activities of both borrowers and lenders. In a capitalist economy, commercial credit lends commodity capital.
Second, the payment intermediary.
Payment intermediary refers to commercial banks' business activities such as currency settlement, currency receipt and payment, currency exchange and deposit transfer for customers through the transfer of funds in customers' current deposit accounts with the help of checks.
Third, credit creation.
Credit creation refers to the increase of money supply caused by the expansion of demand deposits in the process of using excess reserves for loans or investments in the whole banking system, also known as "money manufacturing".
Fourth, financial services.
Financial service refers to the activities that financial institutions use currency transactions to finance valuable commodities and provide benefits and satisfaction for financial participants and customers.
Baidu Encyclopedia-Industrial and Commercial Bank of China