OREANDA-NEWS. December 21, 2011. In November 2011, Agricultural Bank of China Limited (ABC) was granted with the "Best Cash Management Innovation Award" and "Best Corporate Banking Innovation Award" in the "Selection of Most Reliant Banks by Chinese CFOs in 2011", reported the press-centre of ABC.

The selection was hosted by CFO World, a national large publication directly led by the Ministry of Industry and Information Technology,and was quite popular among CFOs and financial institutions in China.

Based on ABC's 23,000 outlets, the "Sailing Cloud•Cash Management" provides customers with comprehensive service plans including account management, collection and payment service, liquidity management, wealth management, short-term financing and risk management to assist enterprises in effectively managing their funds. Diversified fund pool products can satisfy customers' funds sharing needs. Funds can be collected in intelligent and various manners and accounts can be structured at all levels.

Various sets of collection time, periods and conditions can meet customers' deep demands for centralized management of their funds. Multilevel account book products can classify funds in the same account and conduct classified management to effectively improve the sophisticated level of account services. Roaming remittance products are extremely innovative as the money remitted can be withdrawn all over the country, which is flexible and convenient.

The electronic commercial draft and bill pool system is always customer-oriented to facilitate the centralized management of bills of group enterprises. The settlement package and settlement card, affordable and convenient, can help enterprises save their financial expense, at the same time bring more safe and time-saving practice to their customers. In this way, ABC provides a diversified and professional service channel to ensure its customers can enjoy the service in a convenient and private manner.

The "Best Cash Management Innovation Award" and the "Best Corporate Banking Innovation Award" represented the affirmation and encouragement from customers and peers to ABC's "Sailing Cloud". Therefore, ABC's cash management team will continue its efforts to consistently provide customers with the most superior cash management products and considerate funds management services under the core value of "integrity and prudence".