ICBC Management: Changxin Technology Contributed Over RMB 10 Billion to Book Revenue by End of Q3

Deep News10-30

On October 30, a financial frontline report stated that ICBC held its 2026 third-quarter results briefing today.

Regarding the AIC investment situation, a relevant person in charge of the Investment Banking Department pointed out that according to relevant accounting standards requirements, Changxin Technology and other AIC equity investment projects are all included in FATPL, which is the financial asset category measured at fair value with changes recognized in current profit or loss.

At present, the group's shares in Changxin Technology are all within the lock-up period. Before any reduction occurs, they do not temporarily contribute investment returns, and their contribution to the group's revenue is mainly reflected as book valuation income.

As of the end of the third quarter, the contribution to book revenue exceeded RMB 10 billion.

Regarding the stability of this part, equity business has currently become an important growth point for the state-owned group's revenue and profit. He explained this from three aspects:

First, at the strategic level, equity business serves as a key engine for the group's strategic transformation. ICBC has formed a comprehensive service model led by equity investment and linked with full-caliber resources such as credit settlement and cross-border personal financial services, providing customers with comprehensive financial solutions. This model is deeply embedded in the entire life cycle of customers, with strong business stickiness and deep customer relationships, and has a foundation for long-term sustainable development.

Second, from the revenue perspective, the revenue contribution of equity business is stable and its sustainability is strengthening. At present, through the group's comprehensive subsidiaries, including AIC, ICBC's equity investment has covered enterprises' entire cycle from startup to growth to maturity. Among them, equity projects in the technology field have now invested in more than 1,500 projects, and the pipeline remains very ample.

As the earlier layout gradually enters the harvest period, new projects are also continuously landing. Equity returns are already shifting from occasional to normalized, and the continuity of their contribution is constantly improving.

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