The US magazine Global Finance has recently announced the results of the World’s Best Emerging Markets Banks in Asia-Pacific 2016. With robust operating performance and consistent innovation capabilities, ICBC is awarded “Best Bank in China” for the tenth time. In addition, ICBC (Macau), a subsidiary of ICBC, is named “Best Bank in Macao”.

The magazine’s criteria for the best banks include growth in assets, profitability, customer service, innovative products and development strategies. According to an executive of the magazine, despite the multiple challenges faced by the global banking industry including increased geopolitical risks, more volatile economy and market and changing regulatory requirements, the financial institutions which keep their commitments, continue to meet customers’ changing financial needs and provide high-quality services will be recognized.

In 2015, in response to the complex and variable business environment, ICBC optimized its credit resource distribution by regulating credit flow and adjusting credit structure to provide financial impetus for economic transformation and upgrading as well as structural reforms. By constantly improving asset structure and cultivating new profit growth points, ICBC has developed a sustainable profitability pattern with diversified sources of profit and multiple profit pillars. The reform efforts in business and management including credit operations, risk management, organizational structure, and business evaluation further enhanced ICBC’s operating vitality. Given the historic opportunity arising from the new “Internet +” economic form, ICBC has turned the Internet financial strategy into a new driver for promoting business transformation and development. ICBC has also played a leading role in key areas related to “Going Global” strategy such as “Belt and Road” initiative, international cooperation on production capacity and advantageous capacity transfer.

Global Finance is an internationally renowned financial media. Covering 188 countries and territories, it is dedicated to providing a variety of information, analysis and solutions to global corporations, financial institutions and regulatory organizations in the increasingly competitive environment.