Bank of China Receives Cash Management Award and Forex Award

On Oct 17 2005, Bank of China spokesman Wang Zhaowen announced that Bank of China was awarded "Best Domestic Bank for Local Currency Cash Management Services China RMB" and Best Domestic Provider of FX Services in China Corporates by HongKong-based magazine Asiamoney in its "2005 asiamoney cash management poll and 2005 asiamoney FX poll respectively, making two consecutive years for Bank of China to receive the awards.

According to the spokesman, it is the 15th time for the Asiamoney magazine to conduct such annual polls. The awards resulted from the magazine's cash management poll and the FX poll, which was sent to over 3,000 listed companies, multinationals, SMEs and unlisted local companies across the Asia-Pacific region. Treasurers and finance managers from the enterprises took various factors regarding the candidates capacity to provide cash management and forex service into consideration.

In addition to the two awards, Bank of China takes the prize Best FX sales with a large margin over the second place as voted by corporates, showing a persistent leadership in domestic forex markets.

With the deepening of the internal reform, Bank of China has constantly made progress in areas including operation and management, governance structure, risk control and business process restructuring, which is proved by its various awards by international financial media and financial institutions. With a core capital of 228.

447 billion RMB, Bank of China is ranked 18th in the Banker s top 1000 World Banks list. Bank of China is also awarded STP Award for 2004 Most Efficient Bank in China by Bank of America. It is the first time for Bank of China to receive such award from foreign financial institutions.