ICBC has received over 20 awards in recent selection activities held by the national interbank market, including Excellent Dealer, Excellent Comprehensive Market Maker and Outstanding Contribution Award to Opening Up in interbank bond market, and Best Integrated Market Maker, Best Market Making Award and Best Trading Award in interbank foreign exchange market, which underscores the Bank’s leading market making capacity and dealing services in interbank RMB bonds and foreign exchange market.

In 2016, in response to the complicated change of economic and financial environment at home and abroad, ICBC took multiple measures to enhance its business competitiveness in the interbank market and help the real economy improve in quality and efficiency. First, as an interbank market maker, ICBC fulfilled the obligation to provide liquidity support for bond, currency and foreign exchange market. Last year alone, ICBC’s RMB interbank foreign exchange market-making value amounted to USD 2.03 trillion, and RMB bond market-making quotation and trading volume both led among peers. Second, by strictly controlling credit risks, ICBC subscribed for short-term financing bonds and other credit bonds to provide financial support for enterprises. Third, by promoting foreign exchange settlement and sales, valet RMB interest rates and foreign exchange risk management business, ICBC helped enterprises identify the fluctuation risk of interest rate and exchange rate market. Fourth, ICBC has made great efforts to expand RMB bond underwriting and issuance business to assist enterprises in deleveraging and developing. Last year,  debt financing instruments underwriting amounted to RMB 1.45 trillion, ranking the first in the market. Fifth, ICBC has endeavored to facilitate the opening up of financial market, acted as the agency for multiple overseas central banking institutions and furnished their access to the interbank market, making a number of market breakthroughs including the first RMB interest rate swap transaction by its overseas institution and RMB cross-currency swap transaction.

According to an official with ICBC, the Bank will continue to enhance capacity in market making, market analysis, develop more counterparties and build up a dealer team to maintain its leading position in market making in the RMB interbank bond and foreign exchange market.