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CASH MANAGEMENT | Cesar Tordesillas, China
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ICBC posts 500,000 cash management customers for 2010

ICBC secured the first place in the ranking of Chinese cash management banks by scoring more than 500,000 customers as of the end of 2010.

 

In terms of cash management, ICBC currently has partnership with all the non-banking Chinese companies in the list of Fortune 500. Many multinational corporations choose ICBC as their RMB cash management administrating bank for their subsidiaries in China.

While the customer scale and transaction volume are set to gather further momentum, the content and quality are an integral part of ICBC's drive to improve the cash management service and shift the course from simple fund management to integrated wealth management, from local service to global service, from single customer to supply chain finance. ICBC holds on to the top spot among the domestic peers in the cash management service.

In 2009, ICBC was the first among the domestic peers to launch the global cash management service backed by its state-of-the-art IT system, strong product innovation and excellent services.

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