On February 25, Industrial And Commercial Bank Of China Limited Chairman Liao Lin met with Siemens AG Board Chairman, President, and CEO Roland Busch in Beijing. The two sides held in-depth discussions on topics including deepening business cooperation and jointly fulfilling their roles as chair units of the Sino-German Economic Advisory Committee.

Industrial And Commercial Bank Of China Limited and Siemens AG are key partners, with extensive collaboration in areas such as financing, global treasury management, digitalization, and low-carbon initiatives, jointly serving technology and manufacturing enterprises. Industrial And Commercial Bank Of China Limited will leverage its global and comprehensive strengths, along with its role as a financial bridge, to provide comprehensive financial solutions for Chinese and German companies, including Siemens AG, thereby promoting economic and trade cooperation between the two countries. Industrial And Commercial Bank Of China Limited is willing to work with Siemens AG, utilizing platforms such as the Sino-German Economic Advisory Committee and the China-Europe Business Alliance, to support dialogue, communication, and cooperation between enterprises of both nations and drive more practical outcomes.

The two parties also signed a memorandum of understanding on establishing a strategic partnership. They will jointly play the role of leading enterprises in China and Germany, better integrate their respective advantages in finance, industry, and technology, promote cooperation within the industrial sectors of both countries, and collectively serve global customers.