Tue Feb 11, 2014 9:26am EST —
Tue Feb 11, 2014 9:31am EST
Executives and guests of Industrial and Commercial Bank of China Financial Services LLC (ICBCFS) will visit the New York Stock Exchange (NYSE) to celebrate its designation of becoming the first NYSE Chinese Member Firm.
To mark this occasion, Guoxiang Sun, Consulate General of the People’s Republic of China and Mingqiang Bi, Chairman , joined by members of the company’s management team, will ring the NYSE Opening Bell on Tuesday, February 11, 2014.
The Industrial and Commercial Bank of China Financial Services LLC "ICBCFS" is a registered broker dealer with the Securities and Exchange Commission ("SEC") and a member of Financial Industry Regulatory Authority ("FINRA").
On November 1, 2010, Industrial and Commercial Bank of China Financial Services LLC "ICBCFS" acquired the Prime Dealer Services division ("PDS") of Fortis Securities LLC. ICBCFS is a wholly-owned subsidiary of Industrial and Commercial Bank of China Limited. They offer global clearing and financing services to institutional clients in all major marketplaces. Services include: trade processing, clearance, financing, operational control, accounting, risk management, detailed reporting and technical support. PDS has provided these services since 1991. The ICBCFS "value added" proposition is derived from aggregating its clients’ trading and portfolio information so that this information is processed and reported to clients in a manner that is seamless, timely, relevant and accurate.
Our parent, Industrial and Commercial Bank of China Limited ("ICBC"), is the largest bank in the world as measured by deposits, market capitalization and profitability. ICBC establishes strong presence by its commercial banking operation and rapid expansion to markets worldwide. In addition to NYSE, ICBCFS is the first Chinese member firm of the OCC, NASD and DTCC.