Why ICBC, CICC, Citic Securities and CMB stood out

We explain how China's outstanding banks claimed FinanceAsia's awards, and why HSBC and Morgan Stanley were the top foreign players in the country.

In May, FinanceAsia named the winners of its annual Country Awards for Achievement. Last month, winners were given ther awards at our annual awards dinner in Hong Kong. Today, we cotinue presenting the rationale for our decisions, to celebrate the best in banking from across the region, continuing with the massive, fast-evolving Chinese market.

Best Bank Industrial and Commercial Bank of China

China’s banking industry had a tough year in 2016 due to regulatory pressures on asset quality and bank liquidity and to slowing economic growth. The so-called big four ICBC, China Construction Bank, Agricultural Bank of China, and Bank of...

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