ICBC last year's bond underwriting amount was nearly 210 billion yuan

Yesterday, ICBC revealed that the bank in 2010, the main underwriting issued short-term financing coupons, medium-term bills and super short-term financing coupons, such as debt financing instruments reached 86, the main underwriting amount of nearly 210 billion yuan.　　That means ICBC is the country's biggest bond underwriter for the fourth consecutive year. ICBC related officials said that since 2007, ICBC accumulated the main underwriting of various types of debt financing tools more than 770 billion yuan.　　2010, the bank has underwriting the year's first single SME collection of bills, the first single financial leasing company financial debt and the first Tanchu short-term financing coupons. Because of the restriction of China's separate supervision, the commercial banks are not allowed to carry out stock issue and underwriting business, but the underwriting of debt financing instruments such as short-term financing coupons and medium-term instruments is not limited.　　Thus, the bond underwriting business has gradually become an important part of the investment banking business of commercial banks.　　In 2002, ICBC established the First Investment banking department within the Chinese commercial Bank and gradually developed an investment banking product line represented by the reorganization of mergers and acquisitions advisers, bond underwriting, structured finance, syndicated loans, asset securitization and financial consultancy. A state-owned banker said that the development of business such as underwriting and issuing of bank bonds would help widen the channels of investment and financing of enterprises and financial institutions and reduce the financial risks of the banking system. At the same time, it can further get rid of the income from deposit and loan spreads, and realize the transformation of business model and development mode.