2019-08-29 16:00Client Base and Market Position - The total number of corporate clients served by the bank reached 7.628 million, while individual clients reached 627 million[2]. - The bank has maintained its position as the top commercial bank in the Global 1000 by The Banker for seven consecutive years[2]. - The number of personal customers increased by over 20 million, bringing the total to 627 million[20]. - The number of corporate customers increased to 7.628 million, up by 595,000 from the end of the previous year[71]. Financial Performance - Net interest income for the first half of 2019 was RMB 299.3 billion, an increase of 7.8% compared to RMB 277.6 billion in the same period of 2018[14]. - Net fee and commission income reached RMB 88.5 billion, up 11.6% from RMB 79.3 billion year-on-year[14]. - Total operating income for the first half of 2019 was RMB 442.9 billion, representing a 14.3% increase from RMB 387.5 billion in the same period of 2018[14]. - Net profit for the first half of 2019 was RMB 168.7 billion, a growth of 5.7% compared to RMB 160.7 billion in the first half of 2018[14]. - The bank achieved a net profit of CNY 168.69 billion in the first half of 2019, representing a year-on-year growth of 5.0%[19]. - Total operating income reached CNY 442.91 billion, an increase of 14.3% compared to the same period last year[19]. - The bank's total assets reached CNY 28.73 trillion, with a year-on-year growth of 8.2%[22]. - The bank's total customer deposits increased by CNY 1.72 trillion, marking the highest historical increase for the same period[20]. Risk Management - The bank's non-performing loan ratio was maintained at a stable level, reflecting effective risk management strategies[8]. - The bank's non-performing loan ratio was 1.48% as of June 30, 2019, a decrease of 0.04 percentage points from the end of the previous year[19]. - The provision coverage ratio rose to 192.02%, up 16.26 percentage points from the end of the previous year[18]. - The bank is actively managing various risks, including credit risk and market risk, to ensure stable financial performance[8]. - The bank's asset management business is focusing on enhancing risk management systems in compliance with new regulations[162]. - The bank's market risk management framework has been strengthened, with ongoing improvements in stress testing and risk monitoring capabilities[164]. Innovation and Technology - The bank's strategy focuses on serving the real economy, enhancing risk management capabilities, and pursuing innovation in retail, asset management, and investment banking[2]. - The bank is committed to continuous innovation and the development of new financial products and services to meet client needs[2]. - The bank's ongoing research and development efforts are aimed at leveraging new technologies to enhance service delivery and customer experience[2]. - The bank has actively promoted the "Smart Retail" transformation, integrating retail finance with financial technology to enhance competitiveness and customer satisfaction[78]. - The bank has completed the distributed transformation of 122 key applications, enhancing its distributed technology framework[94]. Internationalization and Expansion - The bank aims to deepen its internationalization and comprehensive strategies while embracing internet technologies[2]. - The bank's international trade financing issued in the first half of 2019 amounted to USD 27.70 billion, with international settlement volume reaching USD 1,722.14 billion[75]. - The bank's internationalization efforts included the opening of ICBC Austria and support for the "Belt and Road" initiative, enhancing financial services for enterprises going abroad[110]. - As of June 30, 2019, the total assets of the bank's overseas institutions reached $408.92 billion, an increase of $24.61 billion or 6.4% from the end of the previous year[113]. Capital and Funding - The bank's core tier 1 capital adequacy ratio stood at 12.74% as of June 30, 2019[18]. - The bank issued two batches of subordinated capital bonds totaling RMB 1,100 billion in March and April 2019 to supplement its Tier 2 capital[189]. - The bank's total capital net amount reached RMB 2,861,532 million, with risk-weighted assets of RMB 18,167,672 million[187]. - The liquidity ratio for RMB was 45.5% as of June 30, 2019, exceeding the regulatory standard of 25%[193]. Social Responsibility - The bank has received widespread acclaim for its commitment to social responsibility, including support for inclusive finance and environmental protection[2]. - The balance of inclusive small and micro enterprise loans reached RMB 440.24 billion, up by RMB 130.12 billion or 42.0% since the beginning of the year[72]. - The bank's inclusive agricultural loans reached RMB 112.02 billion, increasing by RMB 22.88 billion or 25.7% since the beginning of the year[72]. Customer Services and Products - The bank's total custodial assets reached CNY 16.31 trillion, maintaining its position as the largest custodian bank in China[85]. - The bank's credit card issuance reached 154.45 million, with a credit card overdraft balance of CNY 628.173 billion, an increase of CNY 1.705 billion, or 0.3%[82]. - The bank has expanded its financial services for small and micro enterprises, offering a comprehensive package including "account opening + settlement + financing"[100].