Thursday, 13 June 2024

ICBC — Best Mega Custodian Bank in China

5 min read

By The Asian Banker

ICBC, a pioneer in custody services in the country, experienced 9% growth in its custody business, reaching $3.3 trillion by 2023. It provides comprehensive custody services for domestic and overseas businesses and leads in providing custody for securities investment funds, insurance assets, pension funds, and as a qualified domestic institutional investor. In 2023, digital enhancements raised its order automation rate by 4% to 87%.

For its exemplary custody product system, expansive market share, and remarkable digital improvements, the award for Best Mega Custodian Bank in China goes to Industrial and Commercial Bank of China (ICBC).

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