Industrial and Commercial Bank of China Limited

Industrial and Commercial Bank of China Limited (ICBC) is one of China's largest state-owned commercial banks, appearing across elsewhere's corpus primarily as a strategic partner and financial infrastructure player in the venture-backed ecosystem. Per a 2018 FreeS Fund report, ICBC was among the banks that formed partnerships with Huasheng Haoche, a car retail financing platform, to support its auto-financing and leasing services . In 2019, ICBC received regulatory approval to establish a wealth-management subsidiary—a move that FreeS Fund's Li Feng flagged as a significant signal that regulators were encouraging commercial-bank capital to flow into markets and provide more compliant funding for the real economy . Elsewhere's coverage also notes ICBC as a client of BaishanCloud, a cloud-service provider that listed on NASDAQ in 2022, and of Buddy, a no-code enterprise platform . A 2023 暗涌Waves investigation into Fan Bao's disappearance traced the banking background of Cong Lin, former Huaxing Securities chairman, through ICBC and its affiliated leasing and international units .