Custody Services ICBC is the largest custodian bank in China. Being the flagship of ICBC Group outside PRC, ICBC (Asia) provides quality services to fund managers, financial institutions and institutional investors. We care about our clients and it is our goal to establish long term partnership with our clients. We provides trustee, custody and fund administration services for unit trusts, mutual funds, institutional portfolios and escrow accounts. The Stock Exchange of Hong Kong Limited (HKEx) implemented new rules to create a listing regime for special purpose acquisition companies (SPACs), effective on 1 January 2022, enabling experienced and reputable SPAC Promoters to source listings from new and innovative industries. The SPAC's initial offering must be held in a ring-fenced escrow account and operated by a qualified trustee/custodian. Our Bank has rich experience in providing Trustee service to SFC authorised Unit Trust, and we are also qualified for HKEx's requirement of Chapter 4 of the UT Code. We are one of the first batch of custodian banks to provide SPAC Trustee service in Hong Kong.
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