Recently, ICBC and Deutsch Bank held the signing ceremony of Memorandum of Understanding on Investment Banking Business Cooperation. Mr. Yang Kaisheng, President of ICBC, hosted the ceremony. Mr. Jiang Jianqing, Chairman of the Board of ICBC and Dr. Ackerman, Chairman of Executive Committee of Deutsch Bank respectively signed the Memorandum of Understanding on Investment Banking Business Cooperation on their behalf.

The Memorandum of Understanding stated that in such areas as financial, merger and acquisition consultancy, private capital market, syndicated loans, public capital market and asset securitization, Deutsch Bank and ICBC will introduce each other business opportunities and customers' needs, bid tenders from potential customer together, jointly submit trading solution and execute transactions, such that both contribute to the further development of investment banking services together.

In 2002, ICBC was the first to set up Investment Banking Department among all domestic banks. Since then, ICBC actively explored new ideas of commercial bank to develop investment banking services under separate business supervision. Currently, ICBC has achieved encouraging results and recognized by domestic and foreign counterparts in such investment services as restructuring merger and acquisition consultancy, structural financing, syndicated loans and asset securitization.

Deutsch Bank is a European traditional commercial bank. Starting in 1989, Deutsch Bank concentrated in investment banking services and head for all-functional bank since then. After more than ten years of business transformation, Deutsch Bank has accumulated rich experiences and established its own prominence in the market. Since 2000, Deutsch Bank has ranked in the first 3 of world investment bank with best performance by Euro Money for consecutive 5 years.