Industrial and Commercial Bank of China (Asia) Limited ("ICBC (Asia)") is a licensed bank incorporated in Hong Kong. It is the overseas flagship of Industrial and Commercial Bank of China Limited ("ICBC"), currently the largest commercial bank in China, and is also one of the local systemically important banks in Hong Kong. Currently, Industrial and Commercial Bank of China (Asia) has 50 branches in Hong Kong (24 of which have "Elite Club" centers and 4 have "ICBC Wealth Management"). The business scope includes personal banking, commercial banking, cross-border finance, private banking, investment banking and comprehensive financial services such as securities, insurance and funds, with the focus on retail banking, corporate banking and financial markets. ICBC (Asia)'s wholly-owned subsidiaries, China Merchants Bank and ICBC Asset Management (Global) Limited, focus on RMB business in mainland China and ICBC Group's global asset management business respectively.