ICBC Singapore Branch, the first overseas institution of ICBC, was established in 1993. It was awarded qualifying Full Bank License by MAS in 2012. In 2013, ICBC Singapore Branch was appointed by The People's Bank of China as the first RMB Clearing Bank outside Greater China and the sole RMB Clearing Bank in Singapore. ICBC Singapore offers a full-fledged suite of financial products and services, including retail banking, corporate banking, institutional banking, private banking, cross-border RMB business, RMB clearing services and etc. It is committed to continuous innovation in RMB products and services. Over the years, ICBC Singapore has already established itself as the preferred RMB bank in Singapore.