OREANDA-NEWS.  June 26, 2014. At the ceremony of "The Asian Banker Achievement Awards for 2014" held by The Asian Banker magazine, BOC won four major awards – "Best RMB Clearing Bank in the Asia Pacific Region", "Best Trade Financing Bank of China", "Best Capital Management Project" and "Best Cash Management Bank in Hong Kong".

BOC has become a major channel for cross-border RMB use and a principal provider of global RMB clearing services, established a worldwide RMB clearing system comprising three clearing models – onshore, cross-border and offshore, and entrenched its position as a RMB clearing bank in Malaysia, Cambodia, Luxembourg, Hong Kong, Macau and Taiwan, basically setting up an integrated RMB clearing network serving global clients.

Trade finance is a core-strength business of BOC. During 2013, by exerting its advantage of domestic and overseas institutional coordination, BOC Group continued to maintain a world-leading position in terms of international settlement volume and cross-border RMB settlement volume, and remained a leader by market share in terms of international settlement volume and cross-border RMB settlement volume with its domestic institutions. In addition, the Bank maintains an absolutely leading position by market share in terms of the balance of foreign currency letters of guarantee with its domestic institutions, and has been ranked first worldwide by two-factor export factoring for many consecutive years.

As the only centenarian financial enterprise in China, BOC is also the most internationalized and diversified bank of the country, with operations spanning a wide variety of sectors including commercial banking, investment banking, direct investment, investment management, insurance, fund and leasing, and overseas presence in 40 countries and regions. The Bank is the only financial institution from emerging market economies that has entered the list of global systematically important banks for three consecutive years, and has been one of the "Fortune Global 500" for 25 straight years. It is ranked 9th by capital strength among banks worldwide, with key financial indicators attaining world-leading levels. As of the end of March 2014, BOC's total assets amounted to RMB15.11 trillion.

Founded in 1996, The Asian Banker selects the best-performing financial institutions by comprehensive performance or in specific sectors in the pan-Asia Pacific region each year starting from 2001, and has global industry experts pick the award winners.