On December 4, In the selection of "2007 Hong Kong corporate governance excellence awards" which is jointly organized by many authoritative institutions such as Chamber of Commerce of Hong Kong listed companies, ICBC came to the fore from more than 1000 listed companies to become one of the few award-winning companies. The industry believes that ICBC winning this honor in a highly internationalized market like Hong Kong fully indicates that the governance standard of ICBC has upgraded to a new level.

According to the reports, "Hong Kong corporate governance excellence awards" is co-founded by the Chamber of Commerce of Hong Kong listed companies (CHKLC) and Hong Kong Baptist University. The annual award is held by Financial Services and the Treasury Bureau of the government of Hong Kong Special Administrative Region, the Hong Kong Securities and Futures Commission, Hong Kong Exchanges and the Hong Kong Chinese Enterprises Association. The annual award is designed to encourage listed companies in Hong Kong to strengthen corporate governance. The award recognizes and awards commitments and remarkable achievements got by the listed companies in safeguarding rights of shareholders, compliance with rules and upholding justice, responsibility, transparency and independence and leadership of the board of directors, as well as promoting the corporate social responsibilities from the perspective of a multi-stakeholder.

Relevant officials of ICBC says, ICBC has always been working on strengthening corporate governance which was considered the basic work of maintaining sustained and healthy development of ICBC. On October 27, 2006, ICBC went listed simultaneously in Shanghai and Hong Kong. And ICBC realized the historical leap from a state-owned commercial bank into joint-stock commercial banks, and to a company with international pubic shareholding. In accordance with the requirements for Hong Kong and mainland listed banks, ICBC adopted many management methods and absorbed advanced international corporate governance experiences, such as timely amendments to company charter, hiring international expert as independent director, reasonably constructing special committees of the board of directors, constantly improving the operational system of the board of supervisor, the establishment of target management system and corresponding incentive and restraint mechanisms in senior management, the establishment of an independent and vertical internal audit system and the implementation of comprehensive risk management initiatives with full-range and quantity in accord with the developing strategy of ICBC. Those managements further defined the responsibility positioning of board of directors, board of supervisors and senior management. And constantly perfect the level of corporate governance, strengthen risk management and internal controls, improve the management level and operating performance of the corporation, establish preliminary operational mechanism with scientific decision-makings, effective implementations and effective supervisions.

ICBC has paid much attention on strengthening information disclosure and investor relations . As the first domestic company going listed at A+H synchronously, ICBC takes two different regulatory requirements into account, discloses information in accordance with the principle of "keeping with the stricter one" and keeps the consistency and high standards with the disclosure of information. And ICBC accelerates the docking process with international rules and practices with the help of the cooperation with foreign strategic investors, fully communicating and sharing of corporate governance experience and the helpful support provided by each other. Meanwhile, ICBC first created the synchronous video between Beijing and Hong Kong to convene general meeting of shareholders and performance conferences. ICBC actively maintains the relationship with investors, equally treats the shareholders' relevant rights and interests in Beijing and Hong Kong, establishes a good image in capital market, further perfects corporate governance under the constraints and power of capital market and wins wide praise between investors. In addition, while protects the interests of all investors including medium and small shareholders, ICBC attaches great importance to employees, customers and the interests of other stakeholders. ICBC insists on the customer-focused model, constantly makes business innovation, provides excellent customer services, strongly supports social welfare undertakings, responds positively to the national environmental protection policies through the "green credit" and fulfills their social responsibilities consciously.

The outstanding corporate governance of ICBC brought good operating performance and ideal investing return for shareholders. In the first nine months of 2007, various ICBC business grown steadily and quickly. According to the International Accounting Standards, the after-tax profit of ICBC achieved RMB 64.1 billion, and the increasing rate increased 66.0% over the same period of last year. And the ICBC average asset return rate is 1.06% and the average weighted equity return rate is 17.13%. At the end of the third quarter of 2007, the total asset of ICBC had exceeded 300 billion dollars, which made ICBC to be the largest bank on market value of the global financing field.