I. Business Overview
In February 1998, ICBC became the first commercial bank with custody qualifications for securities investment fund in China. In the past 25 years, ICBC has been committed to rendering quality and efficient custody services for its fund shareholders and mutual fund management companies.
Through relentless efforts, its fund custody has been widely recognized by fund shareholders and fund management companies. As at the end of 2023, it had managed 1,385 securities investment funds worth RMB3.66 trillion, securing the No.1 position in terms of scale of funds under custody in the industry.
ICBC’s custody services cover a wide range of funds, nearly all major kinds of fund products on the market.

II. Target Customers
Fund shareholders;
Mutual fund management companies.

III. Scope of Services
1.Asset safekeeping: Open funds account and securities account to ensure the completeness, independency and security of fund assets.
2.Accounting and asset valuation: Keep complete and compliant accounting records of fund assets, prepare accounting statements on a regular basis and regularly cross-check accounts with the manager to ensure the compliance and accuracy of accounting and financial records; regularly assess the market value of fund assets and cross-check the assessment results with the manager to ensure the fund shareholder’s timely and accurate knowledge of value fluctuations of the fund assets.
3.Clearing service: Complete capital clearing and delivery & collection of securities in investments with fund assets, according to the manager’s transfer instruction.
4.Investment supervision: Supervise the operation of investments with fund assets according to terms of fund contract and custody agreement.
5.Other value-added services: Provide all sorts of valued-added services as requested by fund shareholders and fund managers.

IV. Advantages
Relying on its advanced technology system, quick clearing network, extensive outlet resources, quality personal and corporate customers and prominent advantages in the local market, ICBC has been working hard to improve its fund custody services, and has forged power advantages in customer services, service team and product innovation.
1.Excellent customer services
Upholding the customer-first belief, ICBC provides full ranges of fund custody services. A relatively sophisticated customer service system has taken shape after years’ efforts. Customer need is the driving force of ICBC’s development, and growth with customers is our long-cherished wish.
For over twenty years, ICBC has been expanding cooperation in depth and width with mutual fund managers through widening and improving its services. There had been over 120 mutual fund managers in business cooperation with ICBC, which has established steady strategic partnership with major mutual fund managers.
2.Professional management team
As the earliest commercial bank to start fund custody in China, ICBC has forged a highly professional, experienced, aggressive and energetic team of fund custody services, which is committed to rendering high-quality and reliable custody services for customers.
3.Innovation leader in the industry
Since it started to offer custody services, ICBC has taken lead in providing custody services for a number of innovative fund products, fully meeting customer needs for different products with varying risks and returns. The excellent team and strong supports from customers are the foundation and guarantee of our innovation.
In March 1998, ICBC provided custody services for the first close-ended securities investment funds in China-Kaiyuan Fund and Jintai Fund.
In September 2001, it provided custody services for the first open-ended securities investment funds in China-China Southern Stable Growth Fund.
In November 2002, it provided custody services for the first open-ended index fund in China-HuaAn-SSE 180 Enhanced Index Fund.
In June 2003, it provided custody services for the first principal-guaranteed fund in China-China Southern Principal Guaranteed & Value-added Fund.
In December 2003, it provided custody services for the first money market fund in China-HuaAn Fuli Cash Fund.
In October 2004, it provided custody services for the first listed open-ended fund (LOF) in China-China Southern Active Allocation Fund.
In December 2004, it provided custody services for the first exchange traded fund (ETF) in China-SSE 50 ETF.
In July 2006, it provided custody services for the first replicate fund in China-China Southern Active Allocation Fund II.
In July 2007, it provided custody services for the first innovative close-ended fund in China-UBS SDIC Classified Equity Fund.
In August 2010, it provided custody services for the first investable stock index fund in China-China Securities Index-China Southern Well-off Industry Index ETF Linked Fund.
In May 2011, it provided custody services for the first bond index fund in China-China Southern-CSI 50 Bond Index Fund.
In June 2012, it provided custody services for the first cross-market ETF in China-Huatai-PineBridge CSI 300 ETF.
In August 2012, it provided custody services for the first seed fund in China-Tian Hong Bond Seed Fund.
In July 2013, it provided custody services for the first gold ETF in China-Guotai Gold ETF.
In September 2014, it provided custody services for the first SOE mixed ownership reform fund in China-Harvest Yuanhe Closed-end Initiating Fund.
In July 2016, it provided custody services for the first SOE ETF in China-China Universal Shanghai SOEs ETF.
In October 2017, it provided custody services for the first FOF in China-China Southern All-Weather Hybrid Strategy FOF.
In July 2018, it provided custody services for the first strategic allotment funds in China-China Universal Three-year Close-ended Strategic Allotment Fund/China Asset Three-year Close-ended Strategic Allotment Fund/China Southern Three-year Close-ended Strategic Allotment Fund.
In October 2018, it provided custody services for the first central enterprise structural adjustment ETFs in China-Yinhua-CSI Central Enterprise Structural Adjustment ETF.
In May 2019, it provided custody services for the first technological innovation funds in China-China Universal Science and Technology Innovation Fund.
In September 2019, it provided custody services for the first Guangdong-Hong Kong-Macao Greater Bay Area ETFs in China-Ping An Guangdong-Hong Kong-Macao Greater Bay Area ETF.
In September 2020, it provided custody services for the first STAR 50 ETFs in China-E Fund-SSE 50 STAR EFT.
In June 2021, it provided custody services for the first publicly offered real estate investment trusts (REITs) in China-Ping An Guangzhou Communications Investment Guanghe Expressway REITs.
In June 2021, it provided custody services for the first science and technology innovation board 50 ETFs in China-E Fund-CSI Science and Technology Innovation Board 50 ETF and Hwabao Securities-CSI Science and Technology Innovation Board 50 ETF.
In August 2021, it provided custody services for the first publicly offered MOM funds in China-China Merchants-Huirun One-year Fixed Open Hybrid Initiating MOM.
In October 2021, it provided custody services for the first MSCI China A50 connect ETFs in China-E Fund-MSCI China A50 Connect ETF.
In November 2021, it provided custody services for the first Beijing Stock Exchange theme funds in China - E Fund-Beijing Stock Exchange Selected Two-year Fixed Open Hybrid Fund and China Universal-Beijing Stock Exchange Innovative Selected Two-year Fixed Open Hybrid Fund.
In December 2021, it provided custody services for the first enhanced index ETFs in China-Invesco Great Wall-CSI 500 Enhanced Index ETF.
In December 2021, it provided custody services for the first FOF-LOF funds in China-China Asset Well-chosen Portfolio One-year Closed-ended Stock (FOF-LOF).
In March 2022, it provided custody services for the first Shanghai Gold ETFs in China-China Southern Shanghai Gold ETF.
In June 2022, it provided custody services for the first interbank certificate of deposit funds in China-China Universal-CSI. Interbank Certificate of Deposit AAA Index Seven-day Fund and Huatai-PineBridge Investments-CSI Interbank Certificate of Deposit AAA Index Seven-day Fund.
In July 2022, it provided custody services for the first CSI 1000 broad-based index ETFs in China-GF Securities-CSI 1000 ETF.
In July 2022, it provided custody services for the first carbon neutrality ETFs in China-E Fund-CSI Shanghai Environment and Energy Exchange Carbon Neutrality ETF.
In March 2023, it provided custody services for the first batch of bond funds in China to adopt the “hybrid valuation method” – E Fund Henggu 18-month Closed-end Bond Securities Investment Fund.
In May 2023, it provided custody services for the first batch of CSI Guoxin State-owned Enterprise Theme Index Funds in China – China Southern-CSI Guoxin State-owned Enterprise Technology Leading ETF, GF-CSI Guoxin State-owned Enterprise Shareholder Return ETF.
In September 2023, it provided custody services for the first batch of STAR 100 ETFs in China - Bosera SSE STAR 100 ETF and Yinhua SSE STAR 100 ETF, and for the first batch of CSI 2000 ETFs - China Southern-CSI 2000 ETF.
In November 2023, it provided custody services for the first batch of appropriate profit concession funds – China Southern Forward-looking and Win-Win Three-year Fixed-term Open-ended Hybrid Securities Investment Fund.

V. Contact Information
For applying for relevant services, please contact Securities Investment Fund Division, Asset Custody Department of ICBC:
Contact: Deng Lei,Zhang Yingbo,Zhang Qian,Bai Mingting,Chen Haoyuan,Liu Bei
Tel.: (8610) 6610 5751/5774/5750/5748/5304/81013442
Fax: (8610) 66105747
E-MAIL: qian.zhangzctg@icbc.com.cn