Industrial and Commercial Bank of China : 2021 Interim Report
09/27/2021 | 10:47am EST
Stock Code: 1398
2021 Interim Report
Industrial and Commercial Bank of China was established on 1 January 1984. On 28 October 2005, the Bank was wholly restructured to a joint-stock limited company. On 27 October 2006, the Bank was successfully listed on both Shanghai Stock Exchange and The Stock Exchange of Hong Kong Limited.
Through its continuous endeavor and stable development, the Bank has developed into the leading bank in the world, possessing an excellent customer base, a diversified business structure, strong innovation capabilities and market competitiveness. The Bank regards service as the very foundation to seek further development and adheres to creating value through services while providing a comprehensive range of financial products and services to over 9.20 million corporate customers and 690 million personal customers. The Bank has been consciously integrating the social responsibilities with its development strategy and operation and management activities, and gaining wide recognition in the aspects of supporting pandemic containment, promoting inclusive finance, backing poverty alleviation and rural revitalization, developing green finance and participating in public welfare undertakings.
The Bank always keeps in mind its underlying mission of serving the real economy with its principal business, and along with the real economy it prospers, suffers and grows. Taking a risk-based approach and never overstepping the bottom line, it constantly enhances its capability of controlling and mitigating risks. Besides, the Bank remains steadfast in understanding and following the business rules of commercial banks to strive to be a century-old bank. It also stays committed to seeking progress with innovation while maintaining stability, continuously enhances the key development strategies, actively develops the FinTech and accelerates the digital transformation. The Bank unswervingly delivers specialized services, and pioneers a specialized business model, thus making it "a craftsman in large banking".
The Bank was ranked the 1st place among the Top 1000 World Banks by The Banker, the 1st place in the Global 2000 by Forbes, and the 1st place in the list of commercial banks of the Global 500 in Fortune for the ninth consecutive year, and took the 1st place among the Top 500 Banking Brands of Brand Finance for the fifth consecutive year.
Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, ICBC will adhere to the general principle of pursuing progress while ensuring stability, apply the new development philosophy, modernize its governance system and capacity, and turn ICBC into a world-class and modern financial enterprise with global competitiveness.
Adhere to the guidance of the Party building theory and exercising rigorous corporate governance:
ICBC upholds the Party's leadership over the financial work, and strives to improve the scientific decision-making as well as the effectiveness of corporate governance through enhanced governance system and capacity building.
Adhere to putting the customer first and serving the real economy:
ICBC remains steadfast in serving the real economy and commits to satisfying people's new expectations and demands for financial services, making every effort to build the No.1 Personal Finance Bank.
Adhere to technology-driven development and value creation:
ICBC empowers its business operations and management with FinTech, and creates superior value for the real economy, shareholders, customers, employees and the society as a whole.
Adhere to a broad international vision and globalized operations:
ICBC proactively taps resources from both domestic and overseas markets, and undertakes to constantly promote international development, which well-integrates with China's high-levelopening-up.
Adhere to pushing for
Keeping pace with changing times, ICBC endeavours to
advance reforms in key areas and critical steps, seeking
transformation and progressing
room for development through transformation and vitality
for growth through reform.
Adhere to laying a solid
ICBC safeguards the lifeline of asset quality by reinforcing
bottom-line thinking with a combination of prevention and
foundation for risk control
control measures. Meanwhile, corporate culture formation
and achieving development
and caring for staff are strengthened to increase group
through talent cultivation:
Excellence for You
Excellent services for clients
Maximum returns to shareholders
Real success for employees
Great contribution to society
To build a world-class, globally competitive modern financial institution in all aspects, and become a long-lasting and ever-prosperous bank
Integrity Leads to Prosperity
Information Disclosed Pursuant to the
Hot Topics in the Capital Market
Details of Changes in Share Capital
Overview of Business Operation
and Shareholding of Substantial
Discussion and Analysis
Economic, Financial and Regulatory
Directors, Supervisors and Senior
Financial Statements Analysis
Review Report and Interim
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ICBC - Industrial and Commercial Bank of China Limited published this content on 27 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 September 2021 10:51:01 UTC.
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