2023-03-31 16:00Talent and Innovation - The company aims to attract, cultivate, and retain top talent as its most valuable resource [3]. - The company reported a commitment to innovation as a driving force for sustainable development, leveraging talent and experience to provide high-quality services [4]. - The company has a strong focus on innovation and enhancing core competitiveness to support its growth strategy [43]. Client Relationships and Customer Service - The company emphasizes the importance of maintaining long-term, trust-based relationships with clients, focusing on customer service as a priority [5]. - The company emphasized a customer-centric approach, enhancing service capabilities for both institutional and retail clients [28]. - The company has a high-quality customer base, providing comprehensive and customized cross-border services to large enterprises and institutional clients [96]. Corporate Structure and Governance - The company has undergone a transformation from a joint venture to a joint-stock company, with its H shares listed on the Hong Kong Stock Exchange and A shares on the Shanghai Stock Exchange [11]. - The company has established a comprehensive governance structure in place to ensure compliance with regulatory requirements and maintain operational transparency [8]. - The company has established a multi-level risk management organizational structure, including the board of directors, supervisory board, senior management, and various risk management departments [175]. Financial Performance - The company's operating revenue for 2022 was RMB 26,087,369,813, a decrease of 13.42% compared to RMB 30,131,054,236 in 2021 [80]. - The net profit attributable to shareholders of the parent company for 2022 was RMB 7,597,501,992, down 29.51% from RMB 10,777,713,147 in 2021 [80]. - The total assets at the end of 2022 were RMB 648,764,039,436, a slight decrease of 0.16% from RMB 649,795,489,215 at the end of 2021 [80]. Risk Management - The company is committed to risk management across various dimensions, including strategic, operational, market, credit, liquidity, and compliance risks [22]. - The company has maintained a strong risk management framework, with no major risk events occurring throughout the year [28]. - The company employs a "full coverage, penetrating, and full-process" risk control approach, enhancing its integrated vertical risk management system across subsidiaries and branches [178]. Market Expansion and International Presence - The company positions itself as a global investment bank rooted in China, providing premium services to both domestic and international clients [6]. - The company plans to expand its international business, particularly in Southeast Asia and Belt and Road markets [32]. - The company has expanded its international presence with subsidiaries or branches in seven global financial centers, including Hong Kong, New York, London, Singapore, San Francisco, Frankfurt, and Tokyo [42]. Sustainable Development and ESG Commitment - The company emphasizes its commitment to high-quality development and actively supports national strategies, including serving the real economy and promoting green development [23]. - The company has established an ESG committee and improved its MSCI ESG rating to A grade [31]. - The company is committed to sustainable development and has initiated various social responsibility projects, including the "CICC Public Welfare Ecological Carbon Sink Forest" project [31]. Awards and Recognition - The company received multiple awards in 2022, including recognition as the best investment bank in Asia-Pacific for equity issuance [56]. - The company ranked second in the Asia region for the best ESG enterprise and best CEO in the financial sector [57]. - The company has been recognized as one of the "Best ESG Companies in Asia" by Institutional Investor [31]. Digital Transformation - The company implemented a "digital CICC" strategy, focusing on online and automated processes to enhance operational efficiency [27]. - The company emphasizes the importance of digital transformation and data value extraction to support business innovation [32]. - The company is actively promoting digital transformation to improve customer experience and optimize business processes [125]. Financial Instruments and Investment Banking - The company completed direct financing exceeding RMB 3 trillion in 2022, supporting over RMB 250 billion in equity financing for technology innovation enterprises [26]. - The company ranked third in A-share IPO underwriting with a total amount of RMB 52.86 billion from 32 projects, and first in Hong Kong IPO underwriting with USD 3.59 billion from 31 projects [105]. - The company actively engaged in strategic cooperation with leading tech firms to explore new products and business models leveraging financial technology [102]. Social Responsibility - The company actively engaged in social responsibility initiatives, contributing to poverty alleviation and rural revitalization efforts [26]. - The company has been a participant and promoter of China's financial reform and development for 27 years [30]. - The company aims to enhance project reserves and market share in 2023, focusing on national strategies such as technological self-reliance and green development [107].