Recent May publication of US Global Finance published the annual award list of Best Bank in emerging market countries. ICBC was named "Best Bank of China". This is the fourth time that ICBC obtain such award after 3 consecutive years from 2001 to 2003.
Global Finance is a US renowned monthly publication on Finance. It mainly concerns the development news in electronic banking, economic finance globalization and financial products and services. Over 75% of the readers are high management personnel coming from US and European commercial and industry sectors. This year in selecting the Annual Best Bank in emerging market countries, apart from investigating the Bank's operation, the magazine starts to emphasis on the Bank's level of corporate governance and its competitive advantages when facing market challenges. ICBC came out amongst all the competitors. The reason mainly lies in the 4 distinguished areas of corporate governance, competitive advantages, shareholding restructuring and IT practicing.
ICBC spokesman expressed that ICBC was named "Best Bank of China" 4 times in 5 years by Global Finance clearly illustrated that, results of ICBC recent years of reform development and its future development prospectus have been internationally recognized. Reputation is spreading far and wide. This will vigorously help to promote the next step of ICBC shareholding reform.
|