China Industrial and Commercial Bank Co., Ltd. (hereinafter referred to as China Industrial and Commercial Bank) has a leading position in the domestic market, a high-quality customer base, diversified business structure, strong innovation ability and market competitiveness, and outstanding brand value.
In 2005, the shareholding system reform of China Industrial and Commercial Bank achieved fruitful results. On April 2 1, the state officially approved China Industrial and Commercial Bank to implement the shareholding system reform, with a capital contribution of1500 million US dollars. Subsequently, China Industrial and Commercial Bank successfully completed the financial restructuring and international audit. On June 28th, 2005, China Industrial and Commercial Bank was transformed from a wholly state-owned commercial bank into a company limited by shares, officially renamed as "China Industrial and Commercial Bank Co., Ltd." with a registered capital of RMB 248 billion. All the capital was divided into 248 billion shares with a par value of RMB 1 yuan each, and the Ministry of Finance and Huijin Company each held RMB 1 yuan.
After financial restructuring, issuing long-term subordinated bonds and optimizing asset portfolio, the capital strength of China Industrial and Commercial Bank has been significantly enhanced, and its capital adequacy ratio has been greatly improved. At the end of 2005, the net capital was 31184.4 million yuan, the net weighted risk assets was 3152 million yuan, the core capital adequacy ratio was 8. 1 1%, and the capital adequacy ratio was 9.89%. The quality of assets has improved significantly.
On June 27th, 2006, China Industrial and Commercial Bank signed strategic investment and cooperation agreements with three overseas strategic investors, namely Goldman Sachs Group, Allianz Group and American Express Company, with an investment of US$ 3.782 billion. On June 9, 2006, ICBC signed a strategic investment cooperation agreement with the National Social Security Fund Council, and the social security fund will invest1802.8 billion yuan by purchasing the newly issued shares of ICBC. The diversified shareholding structure of ICBC has been formed.
First, strong strength
In 2005, China Industrial and Commercial Bank operated well, its financial strength was greatly enhanced, and its asset quality was significantly improved. By the end of the year, China Industrial and Commercial Bank had provided about 2.5 million corporate customers and more than 654.38+0.1.150 million individual customers through 164 domestic institutions, 106 overseas branches and 165 correspondent banks all over the world.
At the end of 2005, China Industrial and Commercial Bank had total assets of 645,465,438 million yuan, loans of 3,289.6 billion yuan and deposits of 5,660.5 billion yuan, achieving net operating income of 654,385.438 billion yuan and net interest income of 654.388 billion yuan. The profit rate of assets and capital reached 0.59% and 13.3% respectively. The cost-income ratio is 40.7 1%, reaching the advanced level of international banking.
In 2005, ICBC vigorously developed intermediary business and treasury business, and realized non-interest income of12.693 billion yuan, an increase of176.5438+0.9 billion yuan year-on-year. Among them, the net fee income was 65.438+0.0546 billion yuan, mainly due to the substantial increase of more than 40% in e-banking, investment banking, bank cards and asset custody.
At the end of 2005, the credit assets of ICBC accounted for 49.7% of the total assets, which was lower than 50% for the first time, showing a fundamental change. Credit supply maintained moderate growth, and the balance of various loans reached 3,289.553 billion yuan. Non-credit assets amounted to 3,248.245 billion yuan, accounting for 50.3% of the total assets. Bond investment mainly invests in central bank bills, policy financial bonds and national debt. The total liabilities are 665,438+966.25 million yuan, of which the balance of various deposits is 56,604.62 million yuan.
With the strengthening of credit risk management and control, new loans have maintained a high quality. In addition, in 2005, the financial restructuring stripped off 635.002 billion yuan of non-performing loans, and the non-performing loans dropped sharply. The balance of non-performing loans was 654.38+0.54410.70 billion yuan, and the non-performing loan ratio decreased to 4.69%.
The business performance of China Industrial and Commercial Bank has attracted worldwide attention. Since 1999, China Industrial and Commercial Bank has been selected into Fortune Global 500 every year, and has been selected as "the best bank in China", "the best local bank in China" and "the best mainland commercial bank in China" by Euromoney, Banker, Global Finance, Asian Currency and Financial Asia for many times, and has been continuously rated by domestic media. In 2005, Standard & Poor's Rating Company upgraded ICBC's credit rating twice in a row. In July, 2006, Moody's Rating Company upgraded the outlook of ICBC's comprehensive financial strength rating from stable to positive.
Second, business diversification.
1. Company business
China Industrial and Commercial Bank operates the largest corporate banking business in China, supporting the development of many capital construction, basic industries, major projects, key enterprises and small and medium-sized enterprises. In 2005, China Industrial and Commercial Bank actively built a unified marketing platform and hierarchical marketing system, and continued to focus on strengthening the marketing of key basic industries and infrastructure fields such as petroleum and petrochemical, electric power, telecommunications, highways, railways, civil aviation and ports; Appropriately and differently increase loans to urban infrastructure, high-tech development zone construction, real estate and other industries; Selectively increase the credit supply to emerging industries such as modern manufacturing, modern logistics, environmental protection, new service industry, cultural industry, medical and health care, actively expand the credit market of multinational companies and small and medium-sized enterprises, and constantly optimize the industry structure and customer structure. While consolidating and giving full play to the advantages of traditional businesses, we will vigorously expand emerging intermediate businesses with high growth, high technology content and high added value, such as cash management, investment banking, asset custody and various wealth management, and develop high-end businesses such as syndicated loans, financial consultants, structured financing and comprehensive financial services, so as to make the product structure and income structure more reasonable.
At the end of 2005, the balance of corporate deposits was 2,543.8 billion yuan, and the balance of corporate loans was 2,762.2 billion yuan, mainly concentrated in medium and long-term loans and bill financing. Bridge loan, standby loans, domestic insurance loans and other services were added. The balance of domestic syndicated loans was 72.3 billion yuan.
ICBC signed comprehensive cooperation agreements with domestic and foreign 12 insurance companies, signed various cooperation agreements with 140 securities and futures companies, formally established correspondent bank relations with 45 domestic banking institutions, and the scale of payment and settlement agency business and agency clearing business continued to expand; The systems such as "Yinguantong", "Yingcaitong", "Online Yingcaitong" and "Yingcaitong" have been continuously improved.
In 2005, ICBC continued to consolidate its position as the largest RMB settlement bank. RMB settlement is 185 trillion yuan. Launch the brand of "Caizhi Account", integrate services and enhance brand value. At the end of the year, the total number of cash management customers reached 65,438+07,663.
In the whole year, the income from investment banking business was RMB 206.5438+0.8 million, the first batch of short-term financing bonds obtained the qualification of lead underwriter, and three financing bonds were successfully issued. Changyu Group's equity transfer project, in which China Industrial and Commercial Bank acted as financial consultant, was rated as "Top Ten M&A Events in China in 2005" by M&A Association of All-China Federation of Industry and Commerce, Global M&A Research Center and China M&A Trading Network.
By the end of 2005, the assets under custody were 2 132 billion yuan, and the income from custody business was 263 million yuan. Securities investment fund custody continued to maintain its leading edge, insurance asset custody, enterprise annuity custody, QFII and other custody businesses continued to advance, and securitization custody took the lead in opening. It took the lead in passing SAS70 international internal control audit certification among domestic custodian banks, and was awarded the title of "Best Custody Bank in China" by Global Custodian magazine and Treasury magazine respectively in 2005.
A total of 43 billion yuan of entrusted loans were issued throughout the year; Acting for China Development Bank to supervise the loan and fund settlement of RMB 32 1 100 million, and acting for the export seller's credit business and settlement business of The Export-Import Bank of China137 million.
Fund settlement, representing 85 of the 28 member units of Shanghai Gold Exchange (hereinafter referred to as "Gold Exchange")/KLOC-0, with a settlement amount of 54.2 billion yuan, ranking first in the fund settlement of the Gold Exchange; Gold valet 130, 29 tons of gold and 3.2 tons of platinum.
The first batch obtained the qualifications of account manager and custodian of enterprise annuity fund, and it is the only institution in state-owned commercial banks that has obtained two business qualifications. By the end of 2005, there were 296,000 personal accounts under management and 4.3 billion yuan of annuity funds under custody.
China Industrial and Commercial Bank, Credit Suisse Bank and China Ocean Shipping Group jointly established ICBC Credit Suisse Bank Fund Management Co., Ltd., which took a new step of diversification.
2. Personal business
ICBC's personal finance business ranks first in China, and it has built a personal intermediary business system focusing on personal settlement, bank card business and personal wealth management products, with the largest wealth management customer scale and bank card customer base. In 2005, ICBC continued to maintain a leading position in many retail financial businesses such as residents' savings, personal loans, personal intermediary business and bank cards. The customer structure has been continuously optimized, and the comprehensive competitiveness of outlets and the level of multi-channel comprehensive application have been significantly improved. For the third consecutive year, it was awarded the title of "Best State-owned Retail Bank in China" by Asian Banker magazine.
At the end of 2005, the balance of savings deposits was 3 1 166 billion yuan, and the balance of personal loans was 527.4 billion yuan, of which the balance of personal housing loans was 459.3 billion yuan, and the balance of personal loans continued to rank first in the industry.
In 2005, the net income of personal fees was 5.993 billion yuan, accounting for 56.8% of the total net fee income. Personal settlement, bank card business and personal financial product sales constitute the main sources of personal intermediary business income. For high-end personal banking customers, we launched new functions and services such as SMS billing, financial management class and bank housekeeper service. At the end of the year, the total number of "wealth management account" customers reached 654.38+0.88 million, up by 565.438+0.6% year-on-year. The main agency business field continued to maintain the leading position in the industry, with the sales of voucher-type government bonds accounting for 365,438+0.2%, becoming the largest distributor, with 70.7 billion yuan of open-end funds and 32.2 billion yuan of insurance product premiums.
At the end of the year, the total number of bank cards issued was145.22 million, and the total consumption of bank cards was 24 10 billion yuan. Bank card business income was 2.346 billion yuan. The development of chip-based EMV multifunctional credit card will further improve the security of credit card.
3. Treasury business
China Industrial and Commercial Bank is active in the capital market, and actively participates in the inter-bank market capital operation, bill market capital operation, bond market capital operation and foreign currency capital operation.
In 2005, ICBC took the lead in obtaining the qualification of the lead underwriter of corporate short-term financing bonds, handled the first bond forward transaction in the market, launched the "ICBC Bond Market Connect" corporate RMB wealth management product, and issued the first phase of subordinated bonds of 35 billion yuan.
In the whole year, through the inter-bank market repurchase and lending, a total of 16, 1 3 1 100 million yuan was raised, and the capital was 1 40 billion yuan. The transaction volume of central bank bills is 66,654.38+0.9 billion yuan, and the annual transaction volume of cash bonds is188.6 billion yuan.
In 2005, the transaction volume of bill financing exceeded one trillion yuan for the first time, reaching 1 00.76 billion yuan, and the discounted balance of bills was 392.8 billion yuan, accounting for 1 654.38+0.9% of the balance of various loans. Interest income from bill discount was 9.045 billion yuan.
The annual interest income from bond investment was 44.084 billion yuan, and the spread income from bond investment transactions was 429 million yuan.
4. Electronic banking business
China Industrial and Commercial Bank has a three-dimensional electronic banking service system consisting of self-service banking, telephone banking, mobile banking and online banking. Personal customers of online banking, corporate customers and telephone banking all rank first in the industry. As the largest electronic financial service provider in China, the transaction scale of electronic banking reached 46.8 trillion yuan in 2005, accounting for 26%, and its business income was 42 1 billion yuan, up 79. 1% year-on-year. More than a quarter of China Industrial and Commercial Bank's business is handled through non-counter channels.
China Industrial and Commercial Bank is the largest e-commerce online payment service provider in China. In 2005, a number of new products such as online banking professional edition, bank-enterprise interconnection and general payment were launched, as well as brands such as "ICBC financial E-Pass" and "U shield", which realized the unified management of online banking accounts in different places. The annual online banking transaction scale was 42.2 trillion yuan, and the number of individual customers and corporate customers reached 1486 and 320,000 respectively. The annual transaction volume of e-commerce online payment reached 11600 million yuan, an increase of1times over the previous year. For the third consecutive year, it won the "Best Personal Online Bank in China" selected by Global Finance magazine and many awards selected by domestic online banks.
Telephone banking took the lead in launching the nationwide roaming service of telephone banking and the interactive roaming service between China, Hong Kong and the Mainland, and established two major telephone banking custody systems in the South and the North, expanding the comprehensive business scope of telephone banking in the whole bank to 26.
By the end of 2005, China Industrial and Commercial Bank had 18270 ATMs and 1473 self-service banks. In the whole year, transactions were completed through the self-service banking network 1.4 1 billion, and the total transaction amount was1.34 billion yuan.
5. International business
China Industrial and Commercial Bank has continuously promoted transnational operations, accelerated the establishment of a balanced and coordinated development pattern of local and foreign currency and domestic and foreign businesses, and provided credit and financing services for more and more enterprises to enter the international market.
By the end of 2005, the total foreign currency assets were US$ 60/kloc-0.20 billion, and the total pre-tax profits of overseas branches were US$ 60/kloc-0.80 billion. At the end of the year, the balance of foreign currency deposits was $296,543.8 billion. Net foreign currency loans amounted to US$ 296,543.8 billion. Establish an international settlement document center. The international settlement business in 200 1 year was 292.8 billion US dollars.
In 2005, the transaction volume of foreign exchange funds of customers was US$ 654.38+043.2 billion, including US$ 654.38+052 billion in settlement and sale of foreign exchange, US$ 30.4 billion in foreign exchange transactions on behalf of customers, and US$ 7.6 billion in wealth management and risk management on behalf of customers. The first batch was qualified as a market maker in the inter-bank foreign exchange market.
By the end of 2005, China Industrial and Commercial Bank had established correspondent bank relations with 1, 165 banks in 14 countries and regions, and set up 106 branches and holding banks in major financial centers around the world.
The total assets of China Industrial and Commercial Bank (Asia) Co., Ltd. (hereinafter referred to as "ICBC Asia") at the end of the year were HK$ 65,438+0,654,438+05.4 billion; Realized pre-tax profit of HK$ 654.38+02 billion; Basic earnings per share of HK$ 0.965438+0; The average annual return on common stock is 1 1%, and the average return on assets is 0.9%. The capital adequacy ratio 15.7% and the non-performing loan ratio were 0.9%. From June 5, 2005 to 10, ICBC (Asia) announced the completion of its integration with Huaping Bank.
Third, advanced technology.
Data centralization 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 June 5438+October 2002 10 is a pioneering work of data concentration in China's financial system. After the completion of the project, all business data of the whole bank are concentrated in two data centers in Beijing and Shanghai, which ensures the efficiency and stability of business processing.
In 2005, focusing on strengthening customer service and informatization of operation and management, ICBC implemented a series of projects such as data centralization and data center integration, promoted and optimized the full-featured banking system, and became the first large commercial bank in China to complete the intensive processing of data and information in the whole bank and have a unified, standard and standardized core business application platform.
Leading the continuous innovation of financial service products through advanced information technology. Successfully developed and put into operation the corporate and individual customer credit management system, becoming the first bank in China with an automatic credit control system. Independent research and development of personal financial management, international settlement, foreign exchange remittance and other advantageous products, and constantly improve high-end business systems such as cash management and bank cards. Constantly optimize self-service channels such as online banking, telephone banking and mobile banking. China Industrial and Commercial Bank submitted 33 patent applications to China National Intellectual Property Administration, and 9 projects including USBKEY digital certificate were awarded utility model patents by China National Intellectual Property Administration.
Fourth, management norms.
1, corporate governance
China Industrial and Commercial Bank 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 corporate 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 on the basis of authorization and credit management, it has established the management systems of risk, capital, credit, internal control and human resources of modern commercial banks.
Through the shareholding system reform in 2005, the corporate governance structure was further improved. In accordance with the principle of "separation of the three meetings, separation of powers, effective restriction and coordinated development", a shareholders' meeting, a board of directors and a board of supervisors are established, and senior management personnel are appointed. The corporate governance mechanism of modern commercial banks, in which shareholders' meeting, board of directors, board of supervisors and senior management operate independently, cooperate closely, check and balance each other and supervise effectively, has been continuously strengthened, and the enterprise risk management and internal control capabilities have been further strengthened.
2. Risk management
China Industrial and Commercial Bank has the leading risk control capability in China. Under the leadership of the Risk Management Committee, 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. Important measures for risk control in 2005 include:
Credit risk management. It is clear that corporate customers actively enter the industry, moderately enter the industry, and restrict the industry; Establish a risk monitoring system and long-term mechanism for large lenders, and establish a list of key customers and a risk emergency mechanism; Promote the strategic adjustment of the regional structure of credit business; Implementing a credit policy different from that of large customers for small enterprises; Implement the total amount control of customer financing risk in line with international standards. Aiming at the credit risk of individual customers, a personal credit management system (PCM2003 system) is developed, and the management behavior of each post in the process is recorded by electronic system. Establish a consumer credit approval center and formulate a unified personal customer credit system and management measures.
Liquidity risk management. Introduce the internationally accepted liquidity risk measurement model and design risk measurement methods and standards suitable for the Bank.
Market risk management. The loan pricing model and interest rate core indicators were established, and the Interim Measures for Interest Rate Risk Management was drafted. Access to interest rate authority for small foreign currency deposits in miscellaneous currencies; Setting up exchange fund business in Taiwan Province; Become a market maker in the inter-bank foreign exchange market at the end of the year.
Operational risk and internal control. In 2005, the Operational Risk Management Committee was established, and the operational risk monitoring index system and operational risk management reporting system were initially established. Formulate the Internal Control System of China Industrial and Commercial Bank and the Five-year Plan for the Construction of Internal Control System of China Industrial and Commercial Bank; Redesign and optimize the operation process of corporate and personal credit business; Anti-money laundering electronic monitoring system has been built and put into use.
Verb (abbreviation of verb) Basic information and business scope
The registered address of China Industrial and Commercial Bank is No.55 Fuxingmennei Street, Beijing, China, and its legal representative is Jiang Jianqing.
The business scope of China Industrial and Commercial Bank includes:
Debt business: RMB savings; Foreign currency savings; Savings traveler's checks; Foreign exchange loans; Inter-bank RMB and foreign exchange loans; Issue 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 special loans; Discounting bills; National debt and policy financial bond subscription business; 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 bonds and other securities; Gold spot trading, transaction clearing, physical delivery, gold leasing and gold project financing; Gold clearing transaction; Enterprise annuity business; Issuing financial bonds as an agent; Agency insurance; Acting as an agent to keep securities and valuables; Rent a safe; Acting as an agent for policy financial business or other financial institutions. ); Renminbi and foreign exchange bank card business; Information consulting business (credit investigation; Asset evaluation; Financial information consultation; Industry information network service; Certificate of RMB deposit); Foreign exchange intermediary business (import letter of credit; Import collection; Remittance remittance; Notice of coming to get the certificate; Negotiation; Collection; Remittance; Foreign exchange settlement; Selling foreign exchange; Traveler's checks; Conduct foreign exchange transactions 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 foreign currency securities 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; Commercial 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; Intermediary business such as enterprise credit rating.