As related, ICBC maintains strong momentum in its cash management business this years. ICBC secures the first place in the local ranking of cash management banks by scoring more than 440000 customers as of June, accounting for an increase of 150000 or 54% from the beginning of 2010. While gathering momentum on the customer scale and transaction volume, the content and quality are the integral part of ICBC's drive to improve the cash management service and shift the course from simple fund management to integrated wealth management, from local service to global service, from single customer to supply chain finance. ICBC holds on to the top spot among the domestic peers in the capability to support cash management service.

Cash management is a host of financial products and services offered by commercial banks to help customers manage the liquid resources effectively and efficiently. Cash management is vital for customers to streamline the financial management and save the cost. It only took 10 years for China to become a core region of cash management service in the international market since the introduction of the service from Europe and America.

For the past few years ICBC searches for the opportunities to serve cash management customers and create more values for them. While keeping good relationship with a number of large corporate group clients, ICBC also offers cash management service to the small and mid corporate segment to help them grow. ICBC ensures high degree of customized delivery in cash management by continual expansion and improvement in the range and quality, from serving the internal of a company to its funding chain, from simple collections and disbursements, centralized management of cash resources to integrated wealth management. The advanced IT system, strong product innovation and outstanding services pave the way for blistering growth of the service. In 2009, ICBC was the first among the domestic peers to launch global cash management service. Customers are applauded at the ICBC's "one-stop" cash management service backed by the global cash management system independently developed by ICBC and the worldwide network of subsidiaries and agency banks. The service offered to multinational groups is a collection of solutions involving the management of accounts across the world, centralized collections and disbursements, fund pool in home and foreign currency, investment and financing, and risk management, etc.

Meanwhile, the numerous best ratings in the sector from all the respected organizations reveal the high remarks from the international and industry to ICBC's excellence in cash management. In the recent announcement by Finance Asia on the winners of its annual Country Awards for Achievement and by The Asset at the "Triple A Awards - Transaction Banking 2010", ICBC won the crown of "Best Cash Management Bank in China" for the fourth year.

According to ICBC spokesperson, ICBC remains committed to the service approach of "market-oriented, customer-focus" to improve the professional quality of cash management service, enhance the service capability in global cash management, and to offer even better settlement and cash management services to the customers.