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ICBC’s Assets under Custody Hit RMB 13 Trillion in First Half Year
 

By the end of June 2016, the assets under custody of the Bank reached RMB 13 trillion,  up by 13% from the year to date, securing the position as No.1 custody bank in China. ICBC has been leading the market in all major custody products including securities investment fund, insurance, wealth management, corporate annuity, fund accounts, global assets custody, with the size of securities investment fund amounting to RMB 1.9 trillion.

Currently all tier-one branches and branches affiliated to the Head Office have obtained qualification in custody services, forming a complete nationwide custody service network. In addition, by leveraging strengths in globalized operations, ICBC has been developing a global custody service network with ICBC (Asia), ICBC (USA), ICBC (Europe) and Singapore Branch providing cross-border custody services to over 150 overseas investment institutions, covering all major business sectors including QDII, QDII, QFII, RQFII and foreign government sovereign funds.

Regarding custody service innovation, ICBC has relied on its own IT system to fully optimize processes from home to abroad and from marketing to operations, which has significantly increased operational efficiency. In the first half year, ICBC launched the core system and architecture design for the sixth-generation custody business system, which employs mainstream distributed computing technology to reconfigure the system architecture, and will further enhance the custody business processing efficiency.


(2016-08-15)
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