Recently, ICBC and the Bank of New York Mellon have collectively launched the Remit Worldwide Service in China. Through this service, beneficiary in China can receive faster and safer remittance from the U.S. with more convenience.

As is introduced, "Remit Worldwide" is a global remittance solution that remitters in the U.S. can use at a number of U.S. banks in cooperation of this service with the Bank of New York Mellon. Compared with traditional remittance, "Remit Worldwide" builds a direct remittance route between Chinese and American commercial banks, which saves links of transfer remittance between different agency banks and effectively reduces charge and time of remittance. At present, beneficiary client in China only needs an ICBC foreign exchange account to enjoy the convenience and benefit of this service. Besides, ICBC also launches Cash Withdrawal Service for Non-account holders in the entire territory of Shanghai and 880 banking outlets in other regions in China, and ICBC will continuously expand the network of the service of Cash Withdrawal for Non-account holders.

ICBC is the largest commercial bank in China in terms of assets and the largest worldwide in terms of client deposits. It provides wide-ranging commercial banking services for personal and corporate clients, and takes the lead in the banking industry in corporate and personal loans, deposits, mortgage loans, Internet Banking, trusteeship service, inter-bank settlement, and other services. Now, through its 16,000 domestic banking institutions, 134 foreign branch institutions in 15 countries and regions, and approximately 1,400 agency banks in 122 countries and regions, ICBC provides wide-ranging and excellent financial products and services for 190 million personal and 3.1 million corporate clients.

The Bank of New York Mellon is a global financial services company that focuses on helping clients to manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset services, issuer services, clearing services and treasury services through a worldwide client-focused team. It has USD 20.7 trillion in assets under custody, USD 926 billion in assets under management, services more than USD 11 trillion in outstanding debt and processes global payments averaging USD 1.8 trillion per day.