Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
中 國 民 生 銀 行 股 份 有 限 公 司
CHINA MINSHENG BANKING CORP., LTD.
(A joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 01988)
(USD Preference Shares Stock Code: 04609)
INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS
ENDED 30 JUNE 2021
The Board of Directors (the "Board") of China Minsheng Banking Corp., Ltd. (the "Company") hereby announces the unaudited results of the Company and its subsidiaries for the six months ended 30 June 2021. This announcement, containing the full text of the 2021 Interim Report of the Company, complies with the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "SEHK") in relation to information to accompany preliminary announcements of interim results.
Publication of Interim Results Announcement and Interim Report
This results announcement will be published on the HKEXnews website of the SEHK (www.hkexnews.hk) and the Company's website (www.cmbc.com.cn).
The Company's 2021 Interim Report will be dispatched to holders of H shares and published on the website of the Company and the HKEXnews website of the SEHK in due course.
By Order of the Board
CHINA MINSHENG BANKING CORP., LTD.
Gao Yingxin
Chairman
Beijing, PRC
27 August 2021
As at the date of this announcement, the Executive Directors of the Company are Mr. Gao Yingxin, Mr. Zheng Wanchun and Mr. Yuan Guijun; the Non-Executive Directors are Mr. Zhang Hongwei, Mr. Lu Zhiqiang, Mr. Liu Yonghao, Mr. Shi Yuzhu, Mr. Wu Di, Mr. Song Chunfeng, Mr. Yang Xiaoling and Mr. Zhao Peng; and the Independent Non-Executive Directors are Mr. Liu Jipeng, Mr. Li Hancheng, Mr. Xie Zhichun, Mr. Peng Xuefeng, Mr. Liu Ningyu and Mr. Qu Xinjiu.
Important Notice
The Board of Directors, the Board of Supervisors, and the Directors, Supervisors and Senior Management of the Company warrant the truthfulness, accuracy and completeness of the contents of this Interim Report and there are no misstatements, misleading representations or material omissions in this Interim Report, and shall assume several and joint liability.
This Interim Report was considered and approved on 27 August 2021 at the twelfth meeting of the eighth session of the Board of the Company. Of the 18 Directors who were entitled to attend the meeting, 6 Directors attended the meeting in person. Twelve Directors, being the Vice Chairmen Zhang Hongwei, Lu Zhiqiang and Liu Yonghao, and Directors Shi Yuzhu, Wu Di, Song Chunfeng, Weng Zhenjie, Liu Jipeng, Li Hancheng, Xie Zhichun, Peng Xuefeng and Qu Xinjiu, participated in the meeting by teleconference or video conference. Of the 9 Supervisors who were entitled to attend the meeting as non-voting delegates, 9 Supervisors attended the meeting as non-voting delegates.
The interim financial reports of the Company were not audited.
Gao Yingxin (Chairman), Zheng Wanchun (President), Li Bin (person in charge of accounting) and Yin Xuwen (person in charge of the accounting department) warrant the truthfulness, accuracy and completeness of the financial reports included in this Interim Report.
No interim profit will be distributed and no capital reserve will be used for capitalisation for the interim period of 2021.
Unless otherwise specified, all amounts in this Interim Report are denominated in RMB.
The forward-looking statements about matters like future plans in this Interim Report do not constitute substantive commitments of the Company to the investors, and the investors and related persons shall maintain sufficient risk awareness in this regard, and shall understand the difference among plans, forecasts and commitments.
Material Risk Warning: the Company has no foreseeable material risks. For potential risks, please refer to the section headed "XII. Risk Management" under "Chapter 3 Management Discussion and Analysis".
Board of Directors
China Minsheng Banking Corp., Ltd.
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CONTENTS | ||
Important Notice . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 2 | |
Definitions . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 4 |
Strategic Positioning and Initiatives of the Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 5 | |
Chapter 1 | Bank Profile . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9 |
Chapter 2 Summary of Accounting Data and Financial Indicators. . . . . . . . . . . . . . . . . | 12 | |
Chapter 3 Management Discussion and Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 16 | |
Chapter 4 Changes in Share Capital and Information on Shareholders . . . . . . . . . . . . . | 107 | |
Chapter 5 Information on Preference Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 121 | |
Chapter 6 Information on Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 126 | |
Chapter 7 | Corporate Governance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 135 |
Chapter 8 | Environmental and Social Responsibility . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 153 |
Chapter 9 | Major Events. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 155 |
Chapter 10 | Financial Reports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 160 |
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DEFINITIONS
In this report, unless the context otherwise requires, the following terms shall have the meanings
set out below. | |
Bank, Company, China | China Minsheng Banking Corp., Ltd. |
Minsheng Bank, Minsheng | |
Bank | |
Group | the Company and its subsidiaries |
Minsheng Financial Leasing | Minsheng Financial Leasing Co., Ltd. |
Minsheng Royal Fund | Minsheng Royal Fund Management Co., Ltd. |
Minsheng Royal Asset | Minsheng Royal Asset Management Co., Ltd. |
Management | |
CMBC International | CMBC International Holdings Limited |
CBIRC | China Banking and Insurance Regulatory Commission |
CSRC | China Securities Regulatory Commission |
former CBRC | former China Banking Regulatory Commission |
former CIRC | former China Insurance Regulatory Commission |
SSE | Shanghai Stock Exchange |
SZSE | Shenzhen Stock Exchange |
SEHK | The Stock Exchange of Hong Kong Limited |
Hong Kong Listing Rules | The Rules Governing the Listing of Securities on SEHK |
SFO | Securities and Futures Ordinance (Chapter 571 of the Laws of Hong |
Kong) | |
Model Code | Model Code for Securities Transactions by Directors of Listed |
Issuers as set out in Appendix 10 to the Hong Kong Listing Rules | |
Articles of Association | the Articles of Association of China Minsheng Banking Corp., Ltd. |
Reporting Period | the period from 1 January 2021 to 30 June 2021 |
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STRATEGIC POSITIONING AND INITIATIVES OF THE COMPANY
In the face of the internal and external challenges, the Group adheres to its strategic direction and accelerates its reform with high-quality and sustainable development as its main strategy, digital transformation, development in key regions, and enhancement in risk control capability as the three focuses, consolidation of retail finance, expansion of medium, small and micro business finance, enhancement in corporate finance, and strengthening of financial markets business as the four drivers, with the aim of opening a new chapter of overall business development.
- Mission, Vision and Strategic Positioning
-
Mission
Serving the public, caring about people's livelihood
- Vision
Becoming a time-honoured bank
- Value Proposition
Customer first-Integrity, innovation, efficiency, win-win, and stability
(IV) Development Goal
The Company will adhere to the strategic direction while serving its customers whole- heartedly, and strive to achieve steady and sustainable development by expanding customer base, strengthening basic product and service capabilities, expanding the sources of high-quality liabilities, and optimising income structure, to build itself into a first-class commercial bank with distinctive features, continuous innovation, increasing value and steady operation in the next five years.
-
Strategic Positioning
In order to achieve its development goals, the Company further focuses its strategic positioning and strives to become a bank for the non-state-owned enterprises (NSOEs), an agile and open bank, and a bank with considerate services.
A bank for the NSOEs. It is the Company's mission to serve the public, care about people's livelihood and wholeheartedly support the development of the real economy. The Company takes people as the foremost and serves the public by providing customers with excellent and comprehensive financial services. Leveraging on the characteristics and advantages of serving the NSOEs, medium, small and micro enterprises and economies involved in the rural revitalisation, the Company makes constant innovations on financial products and services, strives to become a bank with the best services for NSOEs, and build a golden brand of China Minsheng Bank in the field of financial services to medium, small and micro enterprises. The Company continues to leverage on the advantages of system and mechanism as a non-state-owned bank that has the gene of innovation, and strives to better adapt to the changes in the market and customer demands.
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CMBC - China Minsheng Banking Corporation Ltd. published this content on 27 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2021 00:11:03 UTC.