China moved to a more market-oriented economy in the late 1970s. Since then, it has become one of the world’s largest and fastest growing economic powers. Growth rates have averaged around 10% over the past 30 years, which have been supported by China’s dominance in the world export of goods. Due to this, both services and industry play a major part in the Chinese GDP. As China grows, so does its dependency on energy, urging it to start focusing on nuclear and alternative energy development.
ING started its banking operations in China in 1990 and fully integrated the Hong Kong and mainland China platforms in 2010. The Shanghai and Beijing branches are primarily active in lending, financial markets and corporate finance in mainland China, providing renminbi and foreign currency debt financing, trade & commodity finance as well as merger and acquisition advisory services to both local and international companies and institutions. We have a proven track-record with blue-chip international and China state-owned and private owned enterprises and financial institutions, providing a full range of products and services, including syndicated lending and a wide range of FM products for FX risk hedging, interest rate hedging and structured deposits.
Our experienced trade commodity finance team has profound knowledge of all structured finance products. This enables us to create customised multi-product solutions, assisting you with any financial needs you may have. We take our responsibilities seriously and commit fully to a proactive and client-focused partnership with all of our clients. So, if you are ready to take your company to the next level, please get in touch and tell us how we can help you.
- Massive growth over the past 30 years
- Integrated Hong Kong and mainland China platform
- Proven track-record with blue-chip enterprises
- Access to our full range of financial products and services
- Seamless connectivity with our European franchise supported by the dedicated Asia Desk
- Proactive and customer-focused
Country trade view China
ING forecasts a gradual recovery of Chinese trade in the years to come, after the 2015 contraction. Exports are expected to recover within a year. For imports, it may take nearly three years to reach the 2014 level. The risks to this forecast are for the moment mainly downward given the weak trade for China figures during the first half of this year.
Learn more about China's imports, exports and trading partners in our Country trade view China (July 2016, PDF, 620 kB).