Bank of Communications : 2021 INTERIM REPORT

創造共同價值

Contents

Important Reminders	1
Definitions	2
General Information	3
Financial Highlights	5

Management Discussion and Analysis

Financial Statement Analysis	6
Business Review	24
Risk Management	44
Outlook	54

Corporate Governance

Changes in Shares and Shareholders	55
Corporate Governance	61
Significant Events	66
List of Institutions	70

Financial Statement and Others

Report on Review of Interim Financial Information	74
Unaudited Condensed Consolidated Financial Statements	75
Notes to the Unaudited Interim Condensed Consolidated Financial Statements	81
Unaudited Supplementary Financial Information	177
Supplementary Information on Capital Adequacy Ratio, Leverage Ratio,
Liquidity Coverage Ratio and Net Stable Funding Ratio	184

IMPORTANT REMINDERS

I.	The Board of Directors, the Board of Supervisors and Directors, Supervisors, senior management of the
	Bank are responsible for the authenticity, accuracy and completeness of the Interim Report, free of false
	records, misleading statements or material omissions and assume individual and joint legal responsibilities.
II.	The 2021 Interim Report and results announcement were reviewed and approved at the 22th Meeting of the
	9th Session of the Board of Directors of the Bank on 27 August 2021. The number of directors who should
	attend the meeting was 16, with 15 directors attending the meeting in person and 1 director attending the
	meeting by proxy. Non-executive Director Song Hongjun did not attend the meeting in person due to work
	commitments and entrusted Non-executive Director Chen Junkui to attend and vote on behalf of him with
	a trust deed.
III.	Mr. Ren Deqi, Chairman of the Bank, Mr. Guo Mang, Principal in charge of accounting and Mr. Chen Yu,
	Head of Accounting Department represent that they are responsible for the authenticity, accuracy and
	completeness of the financial statements in the Interim Report.
IV.	This Interim Report is unaudited.
V.	The Bank did not distribute any interim dividend or convert any capital reserve into share capital for the six
	months ended 30 June 2021.
VI.	Prospective statements involved in the Report, such as future plans and development strategies, do not
	constitute a substantive commitment of the Group to investors. Investors and stakeholders are required to
	keep sufficient risk awareness and understand the differences among the plan, forecasting and commitment.
VII.	The Group's operation is mainly exposed to risks including credit risk, market risk, operational risk and
	compliance risk. The Group took and will continue to take various steps to effectively manage risks. For
	more details, please refer to section of "Management Discussion and Analysis - Risk Management".

DEFINITIONS

The following terms will have the following meanings in this Report unless otherwise stated:

"Bank", "BoCom"	Bank of Communications Co., Ltd.
"CBIRC"	China Banking and Insurance Regulatory Commission
"CHI"	Central Huijin Investment Ltd.
"CSRC"	China Securities Regulatory Commission
"Group"	The Bank and its subsidiaries
"Hong Kong Listing Rules"	The Rules Governing the Listing of Securities on the Stock Exchange of
	Hong Kong Limited
"Hong Kong Stock Exchange"	The Stock Exchange of Hong Kong Limited
"HSBC"	The Hongkong and Shanghai Banking Corporation Limited
"Ministry of Finance"	Ministry of Finance of the People's Republic of China
"PBOC"	The People's Bank of China
"SSE"	The Shanghai Stock Exchange
"SSF"	The National Council for Social Security Fund
Major products and services of the Bank
"Benefit Loan"	Online credit consumption loans launched by the Bank for qualified
	customers.
"Cloud Banking"	A WeChat Mini Program-based online marketing service platform of the
	Bank for account managers.
"Go Pay"	A one-stop digital service platform of finance and life for all customers.
"Inclusive e-Loan"	Online inclusive financing business services of inclusive finance launched
	by the Bank for qualified customers.
"Mobile Banking"	A mobile APP providing online business processing and other services
	to personal customers of the Bank and covering a variety of financial
	products and life service needs of customers.
"OTO Fortune"	A main brand of retail business of the Bank with the core value of "creating
	and sharing abundant wealth with noble virtue" devoted to realizing
	value maintenance and appreciation of wealth for customers.
"Win to Fortune"	A corporate and interbank wealth management brand of the Bank
	providing comprehensive one-stop wealth management solutions for
	corporate, government institutions and interbank financial customers
	through intelligent financial service and digital transformation.

2 Bank of Communications Co., Ltd.

GENERAL INFORMATION

I. CORPORATE INFORMATION

Chinese name:	交通銀行股份有限公司
Chinese abbreviation:	交通銀行
English name:	Bank of Communications Co., Ltd.
Legal representative:	Ren Deqi
Authorised	Ren Deqi, Gu Sheng
representatives:
Secretary of the Board of Gu Sheng
Directors and Company
Secretary:
Registered address:	188 Yin Cheng Zhong Lu,
	(Shanghai) Pilot Free Trade
	Zone, PRC
Contact and address:
188 Yin Cheng Zhong Lu, Pudong New District, Shanghai
Postal code:	200120
Tel:	86-21-58766688
Fax:	86-21-58798398
E-mail:	[e-mail]
Official website:	www.bankcomm.com
Principal place of business	20 Pedder Street, Central, Hong
in Hong Kong:	Kong

Information Disclosure Channels and Places Where the Interim Report is Available

A share:	China Securities Journal, Shanghai
	Securities News, Securities
	Times and website of the SSE
	at www.sse.com.cn
H share:	Website of HKEx News at www.
	hkexnews.hk
Places where the interim	Board of Directors Office of the
report is available:	Bank

Information of Shares
Classes	Stock exchange Stock name	Stock code
A Share	Shanghai Stock	Bank of	601328
	Exchange	Communications
H Share	The Stock	BANKCOMM	03328
	Exchange of
	Hong Kong
	Limited
Domestic	Shanghai Stock BOCOMPREF1	360021
Preference	Exchange
Share
Domestic auditor:	PricewaterhouseCoopers Zhong
		Tian LLP (Special General
		Partnership)
		11th Floor
		PricewaterhouseCoopers Centre,
		2 Corporate Avenue, 202 Hu Bin
		Road, Shanghai, PRC
Name of auditor	Ma Yingni, Ying Chenbin
signed:
International		PricewaterhouseCoopers
auditor:		Registered Public Interest Entity
		Auditor
		22/F, Prince's Building, Central,
		Hong Kong
Name of auditor	Ling Tung Man Tom
signed:

PRC legal advisor: Grandall Law Firm (Shanghai)

Hong Kong legal advisor: DLA Piper Hong Kong

Share Registrar and Transfer Office

A Share:	China Securities Depository and Clearing
	Corporation Limited, Shanghai Branch
	No. 188 South Yanggao Road, Pudong
	New District, Shanghai, P.R. China
H Share:	Computershare Hong Kong Investor
	Services Limited
	Flat 1712-1716, 17th Floor, Hopewell
	Centre, 183 Queen's Road East,
	Wanchai, Hong Kong

Other Information

Unified social credit code: 9131000010000595XD

Interim Report 2021 H Share 3