2018-09-14 16:00Financial Performance - The net profit attributable to the parent company shareholders was RMB 40.771 billion, representing a year-on-year growth of 4.61%[24]. - The net profit of the group reached RMB 47.47 billion, an increase of 0.24% year-on-year[73]. - Total pre-tax profit for the first half of 2018 was RMB 47.47 billion, slightly up from RMB 47.36 billion in the same period of 2017[127]. - The group's financial business achieved a pre-tax profit of RMB 25.258 billion, an increase of 7.87% year-on-year[34]. - The pre-tax profit from personal financial services was RMB 11.10 billion, with net fee and commission income of RMB 11.37 billion, a year-on-year increase of 11.44%[43]. - The net profit attributable to the parent company from subsidiaries was RMB 2.45 billion, a year-on-year increase of 17.10%[71]. Asset and Loan Growth - The total assets of the group reached RMB 9,322.707 billion, an increase of 3.15% compared to the end of 2017[24]. - The customer loan balance reached RMB 4,793.965 billion, an increase of RMB 214.709 billion or 4.69% from the end of the previous year[25]. - The personal loan balance reached RMB 1,567.52 billion, growing by 11.18% year-on-year[43]. - The total amount of normal loans was RMB 4,722.453 billion, accounting for 98.51% of total loans, while the total amount of non-performing loans was RMB 71.512 billion, accounting for 1.49%[168]. - The balance of inclusive finance loans increased by RMB 9.602 billion, a growth rate of 10.83%, surpassing the average growth rate of all loans[32]. Risk Management - The bank emphasizes the importance of risk management in its operations[5]. - The group maintained a prudent risk appetite and effectively controlled various risks, ensuring no systemic risk occurred during the reporting period[160]. - The group has enhanced its market risk management system, focusing on interest rate and exchange rate risks, and has implemented various methods to control market risk within acceptable limits[171]. - The group’s impaired loan ratio was 1.49%, a decrease of 0.01 percentage points compared to the end of the previous year, while the provision coverage ratio increased by 16.25 percentage points to 170.98%[108]. - The company actively explored the application of big data, artificial intelligence, and cloud computing in risk management, enhancing credit risk control capabilities[162]. Strategic Initiatives - The bank's strategic cooperation with HSBC is highlighted as a significant initiative[5]. - Future cooperation with HSBC will focus on exploring innovative service models in areas such as the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area[196]. - The group aims to leverage opportunities in strategic emerging industries and infrastructure construction while facing challenges from intensified competition and regulatory changes[188]. - The group plans to increase financial support for key national strategic areas and improve integrated financial services, aiming for high-quality development[189]. Customer Engagement and Services - The group has expanded its cash management client base to over 22,000, with cash management accounts exceeding 370,000[35]. - The number of registered mobile banking customers reached 67.54 million, an increase of 10.62% year-on-year, with transaction amounts reaching RMB 5.23 trillion, up 35.49%[55]. - The company launched innovative online customer manager services "Wode Financial Advisor" and "My Butler" to enhance customer experience and provide precise product information[154]. - The average queue time for customers decreased by 6.27 minutes compared to the end of the previous year, enhancing customer experience[58]. Compliance and Governance - The group has not identified any internal transactions that negatively impact its stable operations, ensuring compliance with regulatory requirements[178]. - The legal compliance management system has been optimized to support the group's reform and transformation efforts, enhancing legal support for major projects and innovative businesses[176]. - The group has improved its anti-money laundering management framework, focusing on risk assessment and enhancing customer identification processes[176]. Financial Technology and Innovation - The group emphasizes the importance of financial technology applications to enhance innovation and broaden financial service boundaries[188]. - The company launched the "Jiao Yin e Payment" platform, enhancing electronic payment processes for corporate clients[151]. - The group implemented the "New 531" project focusing on digitalization and intelligence, enhancing smart operations and customer interactions[61].