OREANDA-NEWS. February 21, 2014. During the selection of the "2013 Gold Medal Table of Chinese Financial Institutions ? Golden Dragon Award", BOC won the "Best Trade Finance Bank of the Year" for two consecutive years and was also awarded the "Internet Financial Innovation Bank of the Year".

Trade finance has been a core premium business of BOC. In 2013, by leveraging the integrated advantages of the group's domestic and overseas entities as a whole, BOC maintained its dominating position as a world leader in terms of international settlement amount and cross-border RMB settlement amount, and its domestic entities secured the largest market share in terms of international trade settlement and cross-border RMB settlement. Moreover, the foreign-currency letter of guarantee balance of BOC domestic institutions remained to be the absolute leader by market share, and its export double factoring business volume ranked first for many years in the world. In September 2013, BOC completed its global launch of the "BOC Cross-border RMB Index" (CRI), becoming the first Chinese financial institution in the banking sector that independently compiles and releases RMB internationalization-related index.

"Internet Financial Innovation Bank of the Year" was a newly-added award of the year, which signaled the importance given by the industry to Internet finance. Since its official launch of the "BOC E-Business" brand in August 2013, BOC has successively launched the open platform, finance app store, sound wave payment, E-community, and network Tongbao, among other innovative products and services, building positive brand influence.

"Gold Medal Table of Chinese Financial Institutions Golden Dragon Award" is jointly sponsored by Financial Times and the Institute of Finance and Banking under the Chinese Academy of Social Sciences. In the principle of respect for objectivity and data disclosure, it ranks banks through the indicator system, comprehensive evaluation and expert review.