25 is destined to be a colorful year in the development history of China Industrial and Commercial Bank. On April 18, 25, the state approved the joint-stock reform plan of ICBC. By the end of June, the financial restructuring of China Industrial and Commercial Bank was basically completed, with a total capital of 28.6 billion yuan and an adequacy ratio of 9.12%, of which the core capital reached 252.5 billion yuan and an adequacy ratio of 8.7%. The ratio of non-performing assets of domestic and foreign institutions was 2.72%, the ratio of non-performing loans dropped to 4.58%, and the provision coverage ratio reached 1%. China Industrial and Commercial Bank successfully took the first step of shareholding system reform.
While the work of share reform is progressing in an orderly manner, the business development trend of ICBC is also very good. At the end of June 25, the total assets were 6,14 billion yuan, the balance of various deposits was 5,385.8 billion yuan, and the balance of various loans exceeded 3,112.2 billion yuan, which maintained the largest domestic market share in major business areas. In 24, ICBC's domestic and foreign institutions realized an operating profit of 74.6 billion yuan, and in the first half of 25, it realized an operating profit of 41.6 billion yuan.
China Industrial and Commercial Bank, which was formally established on January 1, 1984, has been ranked first in the domestic industry in terms of total assets, total capital, core capital, operating profit and other indicators after 21 years of development, and has unparalleled advantages in China's financial market:
(1) a well-laid marketing network, Wide and high-quality customer base
China Industrial and Commercial Bank provides all-round financial services in local and foreign currencies including wholesale, retail, e-banking and international business to more than 8 million corporate customers and more than 1 million individual customers through more than 21, domestic institutions, 1 overseas branches and thousands of correspondent banks all over the world with leading information technology and electronic networks. By the end of 24, there were more than 3,7 cash management contracted customers, providing cash management services to 19,6 upstream and downstream or affiliated units of these customers; There are 3.97 million individual consumer credit customers, with a loan balance of 483.9 billion yuan; The high-end product of personal financial business-wealth management account has a total size of more than 1.24 million customers.
(2) Diversified business structure, obvious product advantages and strong innovation ability
Through the structural adjustment of credit industry, customers and regions, China Industrial and Commercial Bank consolidated the high-quality corporate and institutional business market, successfully won a number of national key construction projects, newly developed a number of multinational companies, large-scale high-quality enterprises and institutional customers, and expanded the high-quality SME market.
While consolidating the advantageous fields such as local currency settlement, international settlement and agency business, ICBC has vigorously explored emerging intermediary business markets with high growth, high technology content and high added value, such as cash management, investment banking, asset custody and various wealth management, and formed an intermediary business system with more than 4 varieties in nine categories. The income from intermediary business increased from 1.94 billion yuan in 1996 to 12.3 billion yuan in 24, and the proportion of intermediary business income to operating income increased to 2%.
in p>24, RMB settlement amounted to 15 trillion yuan, accounting for 45% of the market. It was the first in China to launch the "Bank-Insurance Link" system. In 24, it sold insurance, collected insurance premiums and paid insurance premiums on behalf of 74.8 billion yuan, and realized the income of bank-insurance business of 745 million yuan. The bank agency insurance market accounts for 3%. Business cooperation with the securities and futures industries covers collective asset management, financing, bank-securities link, bond issuance guarantee, capital settlement, etc. It has formally established correspondent bank relations with 33 domestic banking institutions, and acted as an agent for direct payment and authorized payment services of several central budget units. The business volume of "Yinguantong" reached 1.6 billion yuan, with 919 contracted enterprises. Exclusive agent for the management of vehicle purchase tax special account in the national tax system. In 24, the agency securities business realized income of 79 million yuan, an increase of 44.5%; In the whole year, the national debt was 81.1 billion yuan, accounting for 33.7% of the industry; Agency insurance sales amounted to 24.4 billion yuan, and agency fund issuance amounted to nearly 3 billion yuan.
capital settlement, who represented 81 of the 128 member units of the Shanghai Gold Exchange, had a liquidation amount of 4 billion yuan in 24, ranking first in the capital settlement of the Gold Exchange; At the same time, it has represented 118 non-member units in gold and platinum trading.
China Industrial and Commercial Bank is the first securities investment fund custodian bank and the first bank to obtain QFII qualification. It is also the largest custodian bank in China at present, with total assets under custody of 123 billion yuan in 24. Among them, there are 4 securities investment funds under custody, with fund assets of 112.8 billion yuan, accounting for 34.8% of the market. The number and asset scale of custody funds rank first among domestic custody banks for seven consecutive years. ICBC is the first custodian of LOF (listed open-end fund) and ETF (exchange-traded fund) in China, and QFII custody clients include Credit Suisse First Boston, Daiwa Securities and Dresden Bank.
in April p>22, ICBC took the lead in establishing an investment banking business organization system in the domestic industry, covering financial consultancy, syndicated loans, reorganization and merger, asset management, etc. In 24, the investment bank earned 1.24 billion yuan.
ICBC is active in the capital market. In 24, it raised 1,466.1 billion yuan through the money market, and the underwriting and trading volume of central bank bills was 347.7 billion yuan, achieving an investment income of 2.19 billion yuan. The trading of cash bonds was 262.7 billion yuan, and the income was 28 million yuan. At the end of 24, the bank's bill financing balance was 312.3 billion yuan, the market share rose to 27.22%, and the bond investment balance was 1,235.4 billion yuan.
At the end of p>24, the balance of personal consumption loans was 483.9 billion yuan, and the accumulated personal housing loans for the whole year were 17.8 billion yuan. At the end of the year, the balance of personal housing loans was 412.5 billion yuan, maintaining the position of the largest mortgage bank in China. At the end of 24, the balance of personal automobile consumption loans was 27.3 billion yuan, and the balance of other consumption loans was 44.1 billion yuan. In that year, personal intermediary business income was 3.96 billion yuan, and personal foreign exchange and wealth management business income was 213 million yuan.
China Industrial and Commercial Bank implements specialized operation and centralized management of bank card business. At present, it has international cards, credit cards, quasi-credit cards, Linksys cards and other product series, with a total card issuance of over 11 million cards, and achieved bank card revenue of 3.6 billion yuan in 24.
(3) globalization development strategy
ICBC has continuously promoted transnational operations and accelerated the establishment of a balanced and coordinated development of local and foreign currency and domestic and foreign businesses. By the end of 24, ICBC had 1 branches and holding banks in major international financial centers around the world, with total foreign currency assets of US$ 49.5 billion, foreign currency deposits of US$ 3.9 billion and foreign currency loans of US$ 28.4 billion. In 24, it handled 212.2 billion US dollars of international settlement business, completed 148.9 billion US dollars of foreign exchange fund business, 95.5 billion US dollars of foreign exchange settlement and sale business, and 44.9 billion US dollars of foreign exchange trading on behalf of customers.
Industrial and Commercial Bank of China established Industrial and Commercial East Asia and ICBC Asia in Hong Kong through mergers and acquisitions in the international capital market. In 24, ICBC Asia officially acquired Fortis Bank as its wholly-owned bank and changed its name to Huabi Bank. At the end of the year, the total assets of ICBC (Asia) were HK$ 99.3 billion, with a book profit of HK$ 76 million, ranking sixth in the banking industry in Hong Kong in terms of total assets.
(4) Comprehensive e-banking services
The three-dimensional e-banking service system of China Industrial and Commercial Bank, which consists of self-service banking, telephone banking, mobile banking and online banking, has become increasingly mature, and the transaction volume of e-banking business has grown rapidly, from 1.93 trillion yuan in 2 to 38.4 trillion yuan in 24, an increase of 2 times. In 24, e-banking business revenue was 235 million yuan, and online payment transaction volume was 5.7 billion yuan. It is the largest online payment service provider of e-commerce in China.
(5) Advanced technology application level
Three major technology projects, namely, data centralized project, full-featured banking system and data warehouse, are the basis for ICBC to build an international advanced financial information technology platform. The data concentration project completed in October 22 is a pioneering project of data concentration in China's financial system. After the project is completed, all operating data of the whole bank will be concentrated in two data centers in Beijing and Shanghai. In 24, the integration and migration were completed, and Shanghai data center became the production and operation center, and Beijing was the disaster backup center. The data center has a total processing capacity of 17, MIPS (millions of times per second), a total of 48 million accounts, and an average daily processing volume of more than 2 million transactions.
the integrated business system is a super-large application software system, which is based on integration, teller system and customer-oriented, with accounting subsystem as the center, including 23 business processing subsystems, such as fund remittance and settlement, personal financial business, finance, electronic banking, international business, credit ledger and post supervision. It took the lead in establishing a unified, standard and standardized core business application platform among large domestic commercial banks, and realized the transformation of business processing mode from bank product-centric to customer-centric. On November 22, 23, the integrated business system was upgraded to a full-featured bank NOVA system. In addition, the data warehouse project provides a technical basis for ICBC to carry out personalized customer service, and creates conditions for information management and scientific decision-making.
relying on the information technology platform, ICBC successively put into production a series of financial information products, such as the upgraded version of comprehensive credit management system, securities, fund business system, online banking system, mobile phone and telephone banking system, which won the leading edge in the application of science and technology.
The rapid development of China Industrial and Commercial Bank has benefited from the continuous improvement of its management level. Industrial and Commercial Bank of China implements a unified business management system for commercial banks authorized by legal persons. The head office is the business management center, capital dispatching center and leadership and command center of the whole bank, which owns the legal person property rights of the whole bank and is responsible for the efficiency, safety and liquidity of the whole bank's operations. The whole bank implements the management mode of "one-level management and two-level monitoring", and establishes the management systems of risk, capital, credit, internal control and human resources of modern commercial banks on the basis of authorization and credit management.
China Industrial and Commercial Bank has the leading risk control capability in China. Under the leadership of the Risk Management Committee, a comprehensive risk management, including credit risk, market risk, operational risk and liquidity risk, runs through the whole process of risk identification, measurement, monitoring, control, disposal and compensation. The important measures of risk control include: constantly improving the industry analysis, credit management, credit approval and monitoring and inspection system centered on the general behavior; Separate the front and back business of credit, strengthen supervision and restriction, and use the electronic comprehensive management system of credit to monitor the loans in real time; We will improve the mechanism for identifying and investigating new non-performing loans. Rationally allocate the total amount structure and term structure of non-credit assets of the whole bank, and establish an early warning and emergency mechanism for liquidity risk; Strengthen the liquidity risk management of RMB and foreign currency, and establish a regular liquidity report, analysis and forecast system; Establish and improve the interest rate risk management mechanism, increase the centralized management of funds, and use internal transfer prices to improve the efficiency and income of capital operation; Conduct a bank-wide investigation on operational risks, establish a scientific, reasonable and effective business process of checks and balances, clarify the key points of control and prevention, and strengthen operational risk control; An independent internal and external auditing system has been implemented, and a supervision system covering all business management activities of the whole bank and controlling the whole process has been basically established, and an international accounting firm has been hired to conduct external auditing of the financial statements of its branches.
The business performance of China Industrial and Commercial Bank has attracted worldwide attention. It has been rated as "the best bank in China", "the best local bank in China" and "the best mainland commercial bank in China" by European Currency, Banker, Global Finance, Asian Currency and Financial Asia magazines for many times, and has been rated as "the most respected enterprise in China" by domestic media.
service products:
debt business: RMB savings; Foreign currency savings; Savings traveler's checks; Foreign exchange loan; Inter-bank RMB and foreign exchange borrowing; Issuing financial bonds, etc.;
asset business: short-term, medium-term and long-term RMB and foreign exchange liquidity loans and fixed assets loans; Foreign exchange to loan; Housing development loans; Loans with special purposes; Consumer loans (automobile consumption loans; Personal large loans for durable consumer goods; Personal housing loan); Entrusted loans and specific loans; Discounting bills; Subscription business of national debt and policy financial bonds; Inter-bank RMB and foreign exchange lending; Project loan evaluation and credit rating;
Intermediate business: RMB cash settlement and transfer settlement; International settlement; Agency business (collection and payment; Acting as an agent for the issuance, liquidation, redemption and custody of corporate bonds, stocks, treasury bills and other securities; Spot trading of gold, transaction clearing, physical delivery, leasing of gold and financing of gold projects; Gold clearing transaction; Issuing financial bonds as an agent; Agency insurance; Acting as an agent to keep securities and articles of value; Rent a safe deposit box; Acting as an agent for policy financial business or other financial institutions, etc.); Renminbi and foreign exchange bank card business; Information consulting business (credit investigation; Asset evaluation; Financial information consultation; Industry information network service; Open RMB deposit certificate); Foreign exchange intermediary business (import L/C; Import collection; Remittance remittance; Notice of coming to the certificate; Negotiation; Collection; Remittance; Foreign exchange settlement; Sale of foreign exchange; Traveler's checks; Foreign exchange trading on behalf of customers; Acceptance and discount of foreign exchange bills; Foreign exchange guarantee; Certificate of foreign exchange deposit; Acting as an agent to issue securities in foreign currencies other than stocks; Acting as an agent to buy and sell foreign currency securities other than stocks; Foreign currency exchange; Open a working capital account for projects that use loans from international financial organizations); Financing and performance guarantee business; Merchant banking (financing consultant and syndicated loan arrangement; Corporate financial consultant; Overseas listing of enterprises); Personal financial services; Management, custody and sales of investment funds; Other entrusted and entrusted asset management; Enterprise credit rating and other intermediary business, etc.
China Industrial and Commercial Bank (Asia) Co., Ltd. ("China Industrial and Commercial Bank (Asia)"), as a member of China Industrial and Commercial Bank * Group, enjoys strong support in financing, clearing, information technology and credit card business.
China Industrial and Commercial Bank of China (Asia), formerly known as Hong Kong Union Bank Limited, was established in Hong Kong in 1964 and publicly listed in Hong Kong in 1973 (stock code: 349). Over the years, it has continuously created brand-new and diversified banking services for its customers. On August 21st, 2, the Bank changed its name to Industrial and Commercial Bank of China (Asia) Limited, and officially became a member of Industrial and Commercial Bank of China Group.
In July 21, China Industrial and Commercial Bank injected the commercial banking business of Hong Kong Branch into China Industrial and Commercial Bank of China (Asia), which promoted China Industrial and Commercial Bank of China (Asia) to expand its customer base, improve its deposit and loan portfolio and diversify its service product portfolio. Through this business transfer, the competitiveness of China Industrial and Commercial Bank (Asia) will be greatly enhanced. China Industrial and Commercial Bank (Asia) has become the flagship of China Industrial and Commercial Bank to expand its overseas business.
On April 3th, 24, China Industrial and Commercial Bank (Asia) purchased China.