OREANDA-NEWS. August 28, 2014. The UK-based magazine Euromoney has recently announced the results of its 2014 Best Banks in its survey. Industrial and Commercial Bank of China (“ICBC”) was awarded the “Best Investment Bank in China”.

The Euromoney, the most influential financial magazine in the world, is well known and highly authoritative in global financial and economic sectors. This award marks further recognition of the investment banking service of ICBC by the international market and respected institutions.

In alignment with acceleration of economic structure adjustment and diversity of financial service requirements of corporate customers in recent years, ICBC, by leveraging overall advantages of commercial banking, has been profoundly expanding its investment banking service, enriching its investment banking product line and actively providing comprehensive financing services to customers through restructuring and M&A, equity financing and debt financing. In the first half of 2014, ICBC participated in and arranged more than 140 M&A projects involving over RMB 74 billion, completed more than 370 financial restructuring projects, provided equity financing, direct investment and IPO advisory services for more than 220 equity financing projects with a value of almost RMB 25 billion, in addition to debt financing service for over 900 projects.

In terms of M&A, ICBC has continued to enrich the scope of investment banking service and provide strong financial support to domestic industry integrations and cross-border acquisitions of enterprises. It has completed significant M&A projects onshore such as private placement of China Merchants Securities to raise funds for acquisition, acquisition of Essence Securities by State Development & Investment Corp. and IPO share allotment of Xiamen C&D Corporation Limited. Besides, ICBC has held the “Yabuli Sino-US Entrepreneur Forum” and the “Yabuli Forum European Tour” campaign to help leading enterprises seek business opportunities. ICBC has seized the strategic opportunity of developing the China-Pakistan Economic Corridor and helped Chinese enterprises to invest and start businesses in Pakistan. It successively completed various significant cross-border M&A projects including acquisition of Caixa Seguros e Saude, SGPS., S.A. (“CSS”) by Fosun International Limited, acquisition of Edificio Espana by Wanda Group, acquisition of a Sweden chemical company by Jilin Connell Group and acquisition of Canada Capital Energy Corporation by Zhejiang Rongsheng.

In respect of equity financing, ICBC has established close partnership with dozens of Chinese and foreign leading private equity fund managers, trust companies, securities firms and securities investment fund managers, and actively used PE lead manager product to help customers address a variety of equity financing requirements including project fund, private placement and equity M&A. Over the first half of 2014, ICBC completed significant equity financing projects such as shantytowns transformation in the East of Xuanwumen, Beijing for CITIC Guoan, Fujian Huachen and Hubei United Investment.

In debt financing, ICBC has actively helped customers expand financing channels through structured financing, among others. It has also gained progress in innovative pilots such as corporate assets securitization and specific creditor’s rights investment, therefore diversifying its product system and developing debt financing into a featured area for exploring non-credit financing service. In the first half of 2014, ICBC helped raise funds for several key projects including ABS of Shanghai Pudong, specific creditor’s rights of Guangzhou Ranmao, Shaoxing Shimao Plaza and Jianpu Hi-speed structured financing of China Railway Construction.

Regarding financial restructuring, by leading significant bankruptcy reorganization projects such as Shandong Changxing and Tiansheng Industry, ICBC has successfully introduced new models of resolving potential credit risks as a commercial bank and further raised its brand profile in debt restructuring market.