OREANDA-NEWS. March 29, 2011. The Assets (HK), the respected financial publication internationally, has released its rankings for the Best Custodian Banks by region for the year 2010 in March, 2011. For the sixth consecutive year ICBC was named "Best Domestic Custodian (China)" for its excellence in custodian services in China and overseas, reported the press-centre of ICBC.

The Assets is a leading financial magazine in Asia for delivering authoritative coverage to international investors and bankers, professionals, commercial banks and capital market veterans. The Asset's annual Triple A honors are the most prestigious and authoritative in the global financial market. The award, which evaluates the performance of commercial banks, investment banks and securities brokers in the capital market for the past one year, is presented to the best performer.

As related, in 2010, ICBC strengthened the organization and management of custody business and pushed ahead the progress. ICBC ranks No.1 in the domestic league table of total net assets under custody for 12 years in a row, currently the only custodian bank in the country with over 2 trillion of assets under custody. Year-on-year growth of assets under ICBC custody rises more than 50%, another historic record of ICBC. Meanwhile, ICBC maintains leading position in many custodian areas, offering custodian services for securities investment fund, corporate annuity fund, trust assets, banking wealth management products, QDII assets, and exclusive wealth management for fund companies. Among the Chinese banks, ICBC scores the highest number of QFII custodian customers and the largest scale. Industry insiders said that the award to ICBC is a confirmation of ICBC's substantial strength and market dominance among the custodian banks in China.