OREANDA-NEWS. November 15, 2011. The first Global Chinese Media Ranking on "Transparency" of Most Concerned Bank was recently announced at the 4th Annual Conference of Global Commercial Newspaper Union held in Vancouver, Canada. ICBC won two major awards for "Best Global Bank in Information Disclosure Management 2010" and "Best Global Bank in Chinese Media Relation 2010", reported the press-centre of ICBC.  

This year's award program was jointly sponsored by Hong Kong Commercial Daily, Global Commercial Newspapers Union and Global Trade Network. Seventeen listed banks around the world concerned by Global Chinese media were judged against their information disclosure transparency in 2010. Taken into consideration were the information disclosed by publicly traded banks in major global stock exchanges, opinions from the professionals and public voting.

Winners were chosen based on their annual regular reports, volume of information disclosed through ad-hoc announcements, and their priority in information disclosure, either mandatory to fulfill obligation or voluntarily.  Moreover, scores were given on the their set-up of investor relations website to facilitate relations with the investors and media. The awards were presented to the winners of two rankings of "2010 Most Concerned Listed Bank by Global Chinese Media", "2010 Statutory Information Disclosure Volume of Most Concerned Listed Bank by Global Chinese Media", and to the winners in each category. The awards are widely respected internationally and received significant attentions from many media in and outside China.

Comment by the judging panel about ICBC:ICBC has been named "Best Global Bank in Information Disclosure Management 2010" in recognition of its comprehensiveness and preciseness in information disclosure, demonstrating the truthfulness, accuracy, integrity and timeliness of the information disclosed. ICBC was the "Best Global Bank in Chinese Media Relation 2010" since the Bank captured the largest percentage of news headlines in Chinese media around the world about listed banks.