Over the past eight years, China Industrial and Commercial Bank has maintained a leading market share in asset custody business, and the custody business field has been continuously expanded, from the initial single securities investment fund to social security, securities, trust, insurance, QFII and other fields. Established an asset custody business system of 10/4 products, and established a relationship of mutual promotion and common development with investment funds and asset management industries.
After being selected as the "Best Custody Bank in China" by Asian Currency and Global Custody magazine in 2004, the bank was selected as the "Best Custody Bank in China" by Global Custody magazine and Treasury magazine in 2005, and its custody business was widely praised by the international custody industry.
In 2005, the asset custody business of China Industrial and Commercial Bank took the lead in obtaining the international certification of SAS70 internal control audit, which indicated that an independent and impartial third party fully recognized the soundness and effectiveness of risk management and internal control in the operation process of our custody business. Asset Custody Department of Industrial and Commercial Bank of China is a functional department engaged in asset custody business, with custody branches in Shanghai and Shenzhen. Most branches of the bank have the conditions to carry out entrusted asset custody business, of which 29 branches have been authorized to handle entrusted asset custody business. The Asset Custody Department consists of comprehensive management office, securities investment fund office, entrusted assets office, entrusted assets office, global asset custody office, R&D office, internal risk control office, information service office, custody business operation center and transaction supervision office.
The Asset Custody Department of China Industrial and Commercial Bank currently has 77 employees, of whom more than 75% have more than three years of fund management experience, more than 90% have bachelor degree or above and fund management qualification, and all managers above department manager have postgraduate degree or senior technical titles. 1. Asset custody
2. Capital settlement
3. Investment supervision
4. Accounting report
Keep records
6.QDII business (I) Cooperation process of custody business
China Industrial and Commercial Bank of China Asset Custody Department, Securities Investment Fund Division, Entrusted Assets I, Entrusted Assets II and Global Asset Custody Department are the external contact windows of ICBC's custody business. The trust business cooperation of various assets of fund management companies can contact the securities investment fund office; The custody business of various assets of an insurance company may contact the second place of entrusted assets; Other institutions (such as securities companies, trust companies, finance companies and other customers with custody needs) can contact entrusted assets in one place if they want to cooperate with banks in the custody business of enterprise annuities, social security funds, trust plans and other entrusted assets; Customers such as Qualified Foreign Institutional Investors (QFII) and qualified domestic institutional investor (QDII) can contact the Global Asset Custody Office for custody business cooperation.
The Securities Investment Fund Office, the First Entrusted Assets Office, the Second Entrusted Assets Office and the Global Asset Custody Office, after understanding the customers' needs, communicate with customers about business cooperation and arrange relevant business departments and competent leaders to meet with customers. Once the cooperation project is confirmed, the account manager will be appointed to contact customers and provide consulting, scheme design and other services. At the same time, the entrusted assets department also undertakes some management responsibilities of the branch.
The Custody Business Operation Center of Asset Custody Department of Industrial and Commercial Bank of China undertakes the functions of specific custody business, specifically dealing with asset account management, accounting, asset valuation, fund settlement and investment transaction supervision of securities investment funds, QFII assets, QDII assets and other entrusted assets.
The transaction supervision department of the asset custody department is mainly responsible for the operation supervision of the custody assets.
The R&D Department of Asset Custody Department is responsible for leading and organizing the development of new custody products and new functions of custody system.
The Information Service Department of the Asset Custody Department is mainly responsible for the collection and arrangement of customer information, market information and policy information, and for the investment analysis of entrusted assets.
The General Management Office of Asset Custody Department is responsible for information disclosure, publicity and business training of custody products and custody business.
The Internal Risk Control Division of the Asset Custody Department is responsible for the business risk control and legal document review of the Custody Department, and provides legal consultation support for relevant business departments, striving to make all kinds of legal documents more standardized and accurate. On this basis, the Legal Affairs Department of China Industrial and Commercial Bank reviewed all legal documents.
In addition, for different business cooperation projects, ICBC will set up different project working groups to carry out work, and keep counterpart consultations and exchanges with customers' professionals in product research, technology realization, business processing, marketing planning and regulatory documents. All technical support departments, marketing departments, custody departments, legal and internal control departments involved in the business will participate in the project, and * * * will ensure the completion of the project plan.