ICBC domestic custodian services have been recently top-rated as "The Best Sub-custodian Banks in China".by the world renowned financial journal published in the U.S. Global Finance in its 2006 poll This is another highest rating in 2006 to ICBC after being named again as "The Best Sub-custodian Banks in China" by the HK magazine The Assets, adding the international awards given on ICBC custodian services to a total of six for the past three years. So far ICBC has claimed the most number of awards for custodian services as well as the most influential custodian bank internationally in China.
According to industry insiders, ICBC s outstanding custodian services in terms of business growth, client relationships, service quality, skill and technology, continuity plan and local experience bracketed ICBC to the top and won the awards presented by two global flagship financial magazines, as the recognition that ICBC is representing the best performance in the world of custodian services.
Global Finance is a monthly financial journal well-known in US. It focuses on Electronic Banking, financial and economic globalization and the trend of development in financial product and services. Over 75% senior management of commercial and industry sectors in the US and Europe subscribe Global Finance. This year, Global Finance runs the fifth survey for the Best Sub-custodian Banks, first time in mainland China however. The Assets is an monthly English financial journal in Asia and Hong Kong. Its content covers capital market, asset management and private banking. Readers of The Assets are top executives at investment banks, commercial banks and securities companies. The Assets 3A Awards in every year are highly regarded and respected in the financial markets, both in Asia and all over the world. This is the second year that ICBC consecutively won the Custodian Service Award from The Assets.
According to ICBC spokesperson, as the No.1 custodian bank in China, in 2006 ICBC gathered momentum in the scale and services, with assets held on behalf of clients being doubled four years consecutively, which shows its core competency, thanks to the 4th generation custodian accounting management and valuation system that went into production and a global network in place. He indicated that ICBC will commit to build a closer mutual trust relationship with customers in order to offer a basket of services from core custodian services to innovated personalized value-added services.
