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Openness and innovation : The key to ICBC ’ s steady growth
The Industrial and Commercial Bank of China ( ICBC ) continues to solidify its position as a leader in the custody sector , and seeks to capitalise on the historic opportunity created by the opening of China ' s capital markets . Applying the service philosophy of “ accompanying you all the way with comprehensive and considerate services ” with the spirit of openness and innovation , the bank ’ s custody business has reached new heights . At the end of August 2024 , ICBC Group ’ s assets under custody exceeded RMB26.7 trillion , maintaining the lead in the Chinese custody industry for a 26th consecutive year . During that time , the unit has received no fewer than 102 awards from renowned media and institutions , both domestically and internationally . As one of the first commercial banks in China to engage in global custody business , ICBC has always been committed to providing the highest
A dedicated strategy of digitalisation , backed by scientific and technological research , has placed the Industrial and Commercial Bank of China ( ICBC ) in the vanguard of innovation within the global custody sphere .
possible service to clients – providing global asset management institutions with cross-border custody services . The bank ’ s service portfolio includes multilateral organisations , sovereign funds , central banks , insurance companies , and pension funds , alongside prominent asset management firms . By the end of August 2024 , the bank ’ s crossborder assets under custody approached RMB2 trillion , serving nearly 300 international clients . The bank ’ s global custody network now supports various international investment schemes , including the Qualified Foreign Investor ( QFI ), Qualified Foreign Limited Partnership ( QFLP ), Bond Connect ( Southbound ),
26 Global Custodian Fall 2024