Awards recognizing the strongest banks in China, as Chinese bankers take leading roles on the global stage. 

Author: Thomas Clouse

Corporate Credit Card Program

China Construction Bank

CCB has created innovative corporate card products, such as its global payment cards for international trade settlement, while improving operating efficiency to make the most of these contributors. As a result of this and other services, such as its wealth management and FX, non-interest income rose by 16% in the first half of year, with CCB now deriving an industry-leading 28% of its income from non-interest sources.

Commodities Finance

Bank of China

BOC expanded its commodities-related business quickly this year and last, opening commodity business centers in New York and Singapore and becoming the first Chinese financial institution to be certified as a trading member on the Bursa Malaysia. Last year BOC’s investment banking arm joined with Bloomberg to launch Bank of China International Crude Oil Index, a move that likely will strengthen its research capability and its reputation. Gains from commodities trading nearly doubled year-on-year in the first six months.

Gold Broker

Ping An Bank

Despite having assets totaling around 10% of those of ICBC, China’s largest bank, Ping An was the first medium-size bank to obtain all the same gold trading qualifications as the country’s Big Four banks. The Shenzhen-based bank has successfully branded itself as China’s “gold bank” and now has more than one million users, gaining around 10,000 new ones each day. Last year the bank ranked third nationally in gold transaction volume.

precious Metals Broker

Industrial and Commercial Bank of China

As China’s largest precious metals broker, ICBC has cumulatively traded 730,000 tons of precious metals worth Rmb7 trillion ($1 trillion) in the seven years since launching its precious metals division. Last year saw drastic gains, with its precious metals business growing 38% by volume and 22% by value. The bank’s booming metals business has bumped up its status internationally, with London Precious Metals Clearing inviting ICBC in May to join its precious metals clearing system. By accepting the invitation, ICBC became the first Chinese bank to join LMNCL and the first new member since 2005.

Most Innovative Bank

China International Capital Corporation

CICC led the country’s first asset-backed security offering in 2005, its first quasi-sovereign bond offering in 2010 and its first “green bond” offering earlier this year. These and other pioneering moves have boosted CICC’s reputation at home and abroad, and Chinese firms looking to invest overseas most often look to CICC to help. In recent months CICC led consumer electronics company Haier’s acquisition of GE Appliances, the merger of container lines Costco and China Shipping, and the privatization of Dalian Wanda Commercial Properties in Hong Kong, the largest such deal in the H-share market. CICC ranks 14th globally and first among Chinese firms for M&A arranging thus far in 2016, according to Dealogic.

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