OREANDA-NEWS. December 16, 2013. ICBC has been named the "2013 Risk Management Bank for Competitiveness of Excellence" at the recent "2013 (Fifth) China Financial Institution for Competitiveness of Excellence" hosted by China Business Journal in collaboration with the Institute of Industrial Economics, Chinese Academy of Social Sciences. ICBC is the only commercial bank to win the award.

Now in its tenth year, the "China Listed Companies for Competitiveness Awards" are currently one of the prestigious award programmes in China. In 2013, ICBC improved its corporate governance and risk management on the basis of steady growth.

Despite the changing and complicated business environment, ICBC has further strengthened the building of enterprise risk management framework and the implementation of new capital accord, and pushed forward the establishment and application of risk measurement and management system. On another front, ICBC has optimized its lending structure and strictly controlled risks in key areas in order to strike a balance between risk, capital and business development. Winning the award is a significant acknowledgment of ICBC's excellence in risk management.