兴业银行行长陈信健：价值银行“扎根越深” 估值方能“枝繁叶茂”

Core Viewpoint - Industrial Bank has achieved significant growth over 37 years, now ranking 14th globally among banks, with a focus on becoming a value bank and addressing challenges related to low stock valuations [1][5]. Group 1: Performance and Challenges - The bank's president, Chen Xinjian, emphasized the resilience of the bank's operations over the past five years, achieving stable revenue and net profit, while narrowing the decline in net interest margin [1][4]. - Despite a strong performance in the banking sector this year, many banks, particularly joint-stock banks, remain undervalued, with price-to-book ratios lagging behind [1][5]. - Chen noted that the long-term undervaluation of bank stocks is partly due to market biases, which create a significant gap between stock prices and intrinsic values [2][5]. Group 2: Strategic Goals for the Future - Looking ahead to the 14th Five-Year Plan, Industrial Bank aims to establish itself as a leading value bank, leveraging its differentiated advantages to navigate external uncertainties [3][9]. - The bank plans to deepen its focus on industrial finance, enhance comprehensive financial services, expand international business, and strengthen digital transformation efforts [9][10]. Group 3: Value Creation and Market Communication - Industrial Bank has implemented a valuation enhancement plan and aims to improve operational quality to support stock price recovery [6]. - The bank is committed to maintaining strong communication with the market, optimizing reporting practices, and engaging with investors to convey its value proposition [6][7]. - To stabilize its market value, the bank has seen significant shareholding increases from major shareholders, enhancing its ownership structure and reducing volatility [7]. Group 4: Financial Strategies and Innovations - The bank is actively pursuing innovative financial strategies, including the establishment of financial asset investment companies to support technology finance and enhance capital adequacy [5][9]. - Chen highlighted the importance of optimizing capital structure to facilitate better service to the real economy and support sustainable growth [5][7].