Bought ICBC – Industrial and Commercial Bank of China (1398.HK) on Monday, 1 Feb 2011- specifically to ride on the overseas expansion plans. I have blogged an article on ICBC.

To my opinion, I believe there is more room to grow, given the fact that Chinese companies are setting up offices worldwide. ICBC is able to offer familiarity and value-added banking services to the local Chinese firms or state-owned enterprises. On the consumer banking segment, we do see a trend for rich Chinese consumers buying up international luxury goods and high-end properties. There is demand which ICBC will be happy to fill in. Hopefully in the long term, ICBC could grow to be a well-received and valuable brand, not only catering to the Chinese but all nationalities round the world. It is not easy, given the sticky in-country banking regulations, the Chinese government intervention and policies, the trust and …