Recently, ICBC was awarded the “Precious Metal Trading Bank of the Year in China” in the annual selection by the Financial Times for the second consecutive year for its outstanding service innovation capabilities.

Since the specialized operation of precious metal business in 2009, ICBC has continue to step up product innovation and push forward international development strategy, establishing a system of precious metal products and service covering both domestic and overseas, future and spot, OTC and exchange-traded markets, thus satisfying diverse needs of customers for precious metal investment and trade services. In recent years, the Bank has also strengthened innovation in Internet finance and created the online/offline integrated marketing service mode to constantly improve its precious metal service ability. By the end of 2015, ICBC was serving more than 29 million customers with precious metal business, up by 20% compared with the beginning of the year. The full-year trade value amounted to about RMB 1.3 trillion, a year-on-year increase of 21%, while the trade volume reached 160,000 tons, a year-on-year increase of 38%, securing its leading position in the market.

According to the head of the Precious Metal Business Department, for the next step, the Bank will leverage its strengths in internationalized and integrated operations to upgrade its ability of global precious metal operation, strengthen its impact in global precious metal market, and provide global customers with more integrated and diversified precious metal financial services.