The USA Global Finance has recently unveiled “Stars of China Awards 2016”. ICBC was awarded the “Best Precious Metal Broker of China” for its outstanding operation and service capabilities.

An official with ICBC said that in response to changing market conditions in recent years, ICBC has implemented professional operation, optimized precious metal investment and management services, and established integrated systems for product, customer service and risk management By the third quarter, its precious metal trading amounted to RMB 1.32 trillion, up by 39% from a year ago, making it China’s largest precious metal investment and management bank.

In addition to the rapid growth of domestic business, ICBC’s precious metal business gathered pace towards internationalization. In 2011, ICBC became China’s first commercial bank to be  admitted as a full member of London Bullion Market Association (LBMA). In 2015, it purchased 60% of equities of Standard Bank PLC in London, strengthening its global trading business. In 2016, it obtained the qualification for precious metal clearing bank in London, becoming one of the world’s five major international precious metal clearing banks. The Bank also purchased from Barclays a 2,000-ton gold warehouse in London and all precious metal warehousing business lines, making it an important institution providing gold trading, clearing, warehousing and logistics services for global institutions such as central banks and hedge funds.

Founded in 1987, Global Finance is a world-renowned financial and economic magazine, with readers covering 191 countries. It regularly conducts professional survey of key industries or fields of the world’s major economies. Its survey-based value rank lists and awards have become an industrial benchmark.