Updated:
ICBC Credit Suisse Asset Management (International)
ICBC Credit Suisse AM (International) is the HK-based offshore asset manager for ICBC, the world's largest bank, holding SFC Type 4 and 9 licenses.
ICBC Credit Suisse Asset Management (International)
Industrial and Commercial Bank of China established its Hong Kong asset-management affiliate in 2011, combining ICBC's distribution might with Credit Suisse's legacy investment expertise. The entity operates under Securities and Futures Commission licensing for both advisory (Type 4) and asset management (Type 9), targeting mainland Chinese institutions deploying capital offshore and international allocators seeking China-access products. Its parentage places it inside the ICBC group, the largest bank by assets globally, which held roughly $2.9 trillion in total assets as of late 2024 (per S&P Global, 2024). The firm functions as a generalist manager, covering fixed income, equities, and multi-asset strategies with a cross-border mandate. Its proximity to ICBC's institutional relationships gives it a direct-sourcing channel into China's onshore bond and equity markets — a structural advantage for foreign investors navigating QFII, Stock Connect, and Bond Connect programs. The manager participates in both public-market strategies and customized managed-account mandates for sovereign and pension clients across Asia and the Middle East, though specific portfolio holdings are not publicly itemized. Detailed headcount and assets-under-management figures are not publicly disclosed by the Hong Kong entity, consistent with the practice of many state-linked Chinese financial subsidiaries. While the broader ICBC Credit Suisse joint venture in mainland China publicly reports assets, the (International) vehicle's discrete scale remains opaque. The Hong Kong office is the firm's primary base, with no confirmed additional offices. Structurally, the firm straddles two regulatory and capital regimes: it issues products under Hong Kong's SFC framework while drawing investment pipelines from China's tightly controlled mainland market. That dual identity makes it a rare conduit for institutional allocators who need a regulated, Hong Kong-domiciled manager with genuine onshore Chinese sourcing capability — a posture distinct from pure-play international managers who access China solely through public-market index replication.
General information
Firm type
Generalist
Year founded
2011
AUM
Undisclosed
Location
Region
Asia
Country
Hong Kong
City
Hong Kong
Corporate office
Hong Kong, Hong Kong
Frequently asked questions
What is ICBC Credit Suisse Asset Management (International)'s relationship to ICBC?
It is a Hong Kong-incorporated subsidiary of Industrial and Commercial Bank of China, the largest bank globally by total assets. The firm was established in 2011 as a joint-venture structure with Credit Suisse's asset management division to serve as ICBC's offshore investment-management platform. ICBC retains majority ownership and control, making the entity a state-linked Chinese financial institution operating under Hong Kong regulation.
Does the firm specialize in any particular asset class?
The firm operates as a generalist manager with strategies spanning fixed income, equities, and multi-asset mandates. Its core differentiator is cross-border China access — it leverages ICBC's onshore relationships to source Chinese bonds and equities for international institutional clients, typically through QFII, Stock Connect, and Bond Connect channels, while also advising Chinese institutions on offshore allocations.
How is the firm regulated?
It holds Type 4 (advising on securities) and Type 9 (asset management) licenses issued by Hong Kong's Securities and Futures Commission. This allows it to manage discretionary portfolios and provide investment advice to professional and institutional investors from its Hong Kong base, under SFC rules rather than mainland China's CSRC framework.
Does the firm disclose its assets under management?
No. ICBC Credit Suisse Asset Management (International) does not publicly report discrete AUM figures. While the broader ICBC Credit Suisse joint venture in mainland China and ICBC group itself are disclosing entities, the Hong Kong subsidiary's standalone AUM is not separately broken out in public filings or marketing materials.
How does the firm source investment opportunities in China?
Through ICBC's vast onshore banking and institutional network — the parent's deposit base, corporate-lending relationships, and securities-brokerage affiliates provide sourcing access that independent foreign managers cannot replicate. For international allocators, the firm packages these onshore exposures into Hong Kong-domiciled funds and managed accounts that comply with SFC regulatory standards.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on asset managers?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: