ICBC has won the “Best Precious Metal Trading Bank in China” in the annual selection by the Euromoney magazine for the fourth straight year for its outstanding service innovation capabilities and operating performance.

Since the specialized operation of precious metal business in 2009, ICBC has been actively aligning its business structure with customer requirements and accelerating efforts in product innovation and market expansion in the context of changing precious metal market worldwide, which has met customers’ diversified requirements for investment and management of precious metals. As at the end of September 2015, ICBC recorded an accumulative transaction volume of almost 700 thousand tons worth nearly RMB 7 trillion, both ranking ahead of its domestic counterparts. In addition, agency transaction volume and clearing volume of ICBC for the Shanghai Gold Exchange continued to hold the top position.

In the past few years, ICBC took the lead in specialized operation of precious metal business in China’s banking industry, set up complete platforms on trading, investment and wealth management of precious metals, developed an all-around system of products, e.g. investment, trading, financing and wealth management products, which has established its leadership in domestic precious metal investment and trading area.