2021-09-27 09:59Customer Base and Market Position - China Industrial and Commercial Bank has over 920 million corporate clients and 690 million personal clients, showcasing a robust customer base[3] - The bank has been ranked first in the Global 1000 Banks by The Banker for nine consecutive years and first in the Global 2000 by Forbes, indicating strong market competitiveness[3] - The bank's mission includes providing excellent financial services, returning value to shareholders, and contributing to society[7] Strategic Focus and Development Goals - The bank aims to build a world-class modern financial enterprise with global competitiveness, guided by Xi Jinping's new era of socialism with Chinese characteristics[4] - The bank's strategic focus includes serving the real economy and meeting the new expectations of the public for financial services[5] - The bank is focused on reform and transformation to enhance vitality and create space for growth in key areas[5] Financial Performance - Net interest income for the first half of 2021 was RMB 336.293 billion, an increase from RMB 319.891 billion in the same period of 2020, representing a growth of approximately 0.4%[14] - Total operating income reached RMB 426.406 billion, up from RMB 402.346 billion year-on-year, indicating a growth of about 6%[14] - Net profit attributable to shareholders was RMB 163.473 billion, compared to RMB 148.790 billion in the first half of 2020, reflecting an increase of approximately 9.8%[14] Risk Management - The bank emphasizes risk management and has strengthened its ability to control and mitigate risks, ensuring asset quality[5] - The bank is actively managing various risks including credit risk, market risk, and liquidity risk, as highlighted in the risk management section[11] - The bank's risk management system has been optimized to enhance risk measurement models and improve overall risk control capabilities[132] Digital Transformation and Technology - The bank is committed to digital transformation and actively develops financial technology to enhance operational management and create value[5] - The bank's digital transformation efforts include accelerating the development of digital RMB business and enhancing financial services to meet public needs[20] - The company has established a financial technology development plan for 2021-2023, aiming to enhance technological innovation capabilities and digital transformation[93] Social Responsibility and Community Engagement - The bank has integrated social responsibility into its development strategy, receiving widespread acclaim for its support in various social initiatives[3] - The "Rural Revitalization" initiative includes the launch of online credit financing products, such as "ICBC Agricultural e-loan," enhancing financial service coverage in rural areas[98] - The company has established a comprehensive service platform for rural revitalization, covering 31 provinces and 181 cities, enhancing financial services in rural areas[186] Capital and Funding - The bank issued RMB 700 billion of perpetual capital bonds in June 2021 to enhance its tier 1 capital[176] - The bank also issued RMB 300 billion of tier 2 capital bonds in January 2021 to supplement its tier 2 capital[177] - The core Tier 1 capital adequacy ratio was 12.90%, the Tier 1 capital adequacy ratio was 14.28%, and the total capital adequacy ratio was 17.01%, all meeting regulatory requirements[170] Customer Deposits and Loans - Customer deposits reached RMB 26,602.33 billion, an increase of RMB 1,467.61 billion or 5.8% compared to the end of the previous year[60] - Total loans reached RMB 19,996.77 billion by the end of June, an increase of RMB 1,372.46 billion or 7.4% compared to the end of the previous year[48] - The balance of personal inclusive loans was 561.3 billion yuan, an increase of 146.6 billion yuan, representing a growth of 35.4%[77] International Presence and Cross-Border Services - The company established 426 overseas institutions across 49 countries and regions, enhancing its global presence[115] - The company aims to improve cross-border financial services to support the "Belt and Road" initiative, focusing on high-quality development[114] - The cross-border RMB business volume exceeded 4 trillion RMB in the first half of the year, indicating significant growth[115] Employee Development and Training - Over 1 million training sessions were conducted in the first half of the year, training 1.47 million employees to enhance operational capabilities[111] - The total number of employees reached 430,335, with a decrease compared to the end of the previous year due to a higher number of retirements[112] - The company has implemented a "100-day campaign" to address customer experience pain points and improve service quality, focusing on elderly customer services[109] Shareholder Information - The total number of ordinary shares is 356,406,257,089, with 75.65% being RMB ordinary shares and 24.35% being overseas listed foreign shares (H shares) [190] - The top 10 ordinary shareholders include Huijin Company with 34.71% (123,717,852,951 shares) and the Ministry of Finance with 31.14% (110,984,806,678 shares) [193] - No changes occurred in the controlling shareholder or actual controller during the reporting period [195]