ICBC New York branch will start operation in October

The New York branch of Industrial and Commercial Bank of China Ltd. (ICBC) was officially granted business license on Tuesday.This is the world’s largest bank by market capitalization,
In accordance with the business license, ICBC New York branch will engage in wholesale deposits, trade finance, U.S. dollar clearing, loans, treasury and other banking businesses.
ICBC’s New York branch will will contribute to the Sino-U.S. commercial and financial exchanges.