On 26 August 2020, ICBCAMG - Mr. Ma Tao has been awarded "The Highly Recommended Investor" for the Hong Kong bond market under the Most Astute Investors in Asian Local Currency Bond for 2020 in the Asian Local Currency Bond Benchmark Review (the "Review") conducted by Asset Benchmark Research.

The Review has been conducted annually since 2000. It provides a wealth of data on the product needs of investors and the market penetration of the banks that are active in local currency bonds. It also provides detailed analysis on the investors' buying behavior when selecting their counterparties, giving unique access into the minds of these investors.

The Asset Benchmark Research has surveyed over 300 fixed income investors across 11 Asian markets. These markets are China, CNH, Hong Kong, India, Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand.