ICBC has been named "2011 CBN Annual Financial Value Ranking - Best Cash Management Service Bank" at the recent CBN Annual Financial Value Ranking (CFV) Award Ceremony held in Beijing.

China Business News (CBN) is China's most influential financial media group offering the most complete range of products. In China, CBN has a broad spectrum of readers including investors, business executives in commercial and economic sectors, and overseas Chinese around the world. CBN provides readers with real-time, comprehensive and high-quality financial news coverage, with an aim to be an all-media financial and commercial information service group of good credibility and strong influence. Winning the award bears testimony to the high recognition from the market on ICBC's cash management service and "Caizhi A/C" brand.

As related, ICBC has maintained its momentum on cash management business since the launch of the service in 2002. ICBC secures the first place in the local ranking of cash management banks by winning more than 620,000 cash management customers for the first three quarters ending September, up 32% year-on-year. Today the Bank has created a comprehensive service offering encompassing account management, liquidity management, centralized collection/disbursement, short-term investment and finance, supply chain finance and risk management. ICBC also embraces service sophistication while enriching its product offering. In terms of customer requirements, ICBC provides the tailored, integrated and diversified cash management solutions to every customer.

An executive with ICBC said, ICBC will remain committed to the philosophy of "Customer First" and continue the efforts on business innovation, service process, supply chain cash management, investment and financing services. The goal is to provide professional, convenient, integrated and top-quality cash management services to all customers.