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Industrial and Commercial Bank of China

Enterprise name: China Industrial and Commercial Bank Co., Ltd.

This entry is about China Industrial and Commercial Bank Limited.

For China Industrial and Commercial Bank (Asia) Limited and Viet Nam Industrial and Commercial Bank, please refer to the corresponding entries. )

Brief introduction of China Industrial and Commercial Bank

China Industrial and Commercial Bank is the largest commercial bank in China, one of the four state-owned commercial banks in China, a Fortune 500 company and a listed company. A shares of Shanghai Stock Exchange: Industrial and Commercial Bank of China (60 1398)

China Industrial and Commercial Bank was established on 1984. As the largest commercial bank in China, China Industrial and Commercial Bank has stepped into the track of coordinated development of quality, efficiency and scale after more than 20 years of reform and development. At the end of 2003, the total assets were nearly 5.3 trillion yuan, accounting for nearly one-fifth of the total assets of banking financial institutions in China. In 2003, British Banker magazine ranked China Industrial and Commercial Bank as16th among the 65,438+0,000 big banks in the world, and ranked among the Fortune 500 companies for five times in a row, and was rated as one of the top ten quality products (services) in China by far eastern economic review.

China Industrial and Commercial Bank has the largest customer base in China, with about 654.38 billion individual customers and 865.438 billion corporate accounts. More than 20,000 outlets and nearly 390,000 employees all over the country provide customers with high-quality and efficient services. By the end of 2003, the balance of deposits and loans of ICBC was 4,606.2 billion yuan and 3,392.9 billion yuan respectively, and the annual operating profit was 63.5 billion yuan.

China Industrial and Commercial Bank has a wide range of business, large business volume and rich business varieties. At the end of 2003, the balance of personal consumption loans reached 407.5 billion yuan, and the market share of personal housing loans ranked first in the country. 95.95 million peony cards were issued, and the consumption was 97.3 billion yuan. In 2003, the accumulated bill transactions were1677100 billion yuan. The market share of RMB settlement reached 45%, and the market share of securities and futures remained above 50%. China Industrial and Commercial Bank is also the largest asset custody bank in China, with 28 custody funds and total assets of 58 1 100 million yuan.

By the end of 2003, China Industrial and Commercial Bank had more than 70 branches and holding banks in major international financial centers around the world, and there were more than 1 1,000 overseas correspondent banks. In 2003, the total foreign exchange assets were US$ 49.2 billion, and the international business settlement was US$170.6 billion. With the acceleration of internationalization, international exchanges and cooperation are increasing.

China Industrial and Commercial Bank has the most advanced technology level in China. On the basis of data centralization project, in 2003, China Industrial and Commercial Bank successfully put into operation the All-Function Bank (NOVA) system, which, together with the data warehouse providing technical basis for personalized service, constitutes an international advanced financial information technology platform, providing a strong impetus for the progress of business and management.

With the strong support of scientific and technological means, various businesses of China Industrial and Commercial Bank are constantly innovating. The three-dimensional service system of electronic banking, which consists of self-service banking, telephone banking, mobile banking and online banking, is becoming more and more mature. More than 300 cities have opened online banking. In 2003, the transaction volume of electronic banking reached 22.3 trillion yuan, and the transaction volume of online banking was 19.4 trillion yuan.

The business performance of China Industrial and Commercial Bank has attracted worldwide attention. It was once rated as "the best bank in China" by famous financial magazines such as The Banker in Britain and Global Finance in the United States. In 2003, it was again rated as "the best bank in China" by Global Finance and Euromoney magazine. It was rated as "the best local bank in China" and "the best mainland commercial bank in China" by Financial Asia and Asian Currency magazine. Global Finance magazine also awarded it the honor of "Best Personal Online Banking in China" in 2003.

China Industrial and Commercial Bank implements a unified management system for commercial banks authorized by legal persons. The head office of China Industrial and Commercial Bank is the operation and management center, capital dispatching center and leadership and command center of the whole bank. Possess the corporate property rights of the whole bank and be responsible for the efficiency, safety and liquidity of the whole bank's operation. On the basis of authorization and credit management, the branch management mode of "one-level management and two-level monitoring" is implemented to achieve the purpose of steady operation, risk prevention and economic benefit improvement.

The business scope of China Industrial and Commercial Bank includes: handling RMB deposits, loans and consumer credit, residents' savings, all kinds of settlement, issuing and acting as an agent for issuing securities, acting as an agent for various businesses entrusted by other banks, handling foreign exchange deposits, loans, remittances, import and export trade and non-trade settlement, foreign currency and foreign currency bill exchange, foreign exchange guarantee and witness, overseas foreign exchange borrowing, foreign currency bill discount, issuing and acting as an agent for issuing foreign currency securities, and acting as an agent for spot and forward foreign exchange trading. Credit investigation and consulting services, dealing with buyer's credit, lending from international financial organizations and foreign governments, and business approved by China Banking Regulatory Commission in accordance with relevant laws, administrative regulations and other provisions.

Established in 1984, China Industrial and Commercial Bank has fully undertaken the business of industrial and commercial credit and savings originally handled by the People's Bank of China, shouldering the heavy responsibility of accumulating social wealth and supporting national construction.

In 2005, China Industrial and Commercial Bank completed the shareholding system reform and officially changed its name to "Industrial and Commercial Bank of China Limited" (hereinafter referred to as "ICBC"); In 2006, ICBC was successfully issued and listed simultaneously in Shanghai and Hong Kong. After this public offering, ICBC * * owns 250,962,348,064 A shares and 83,056,50/kloc-0,962 H shares, with a total share capital of 334,0/kloc-0,8,850,026.

ICBC has a leading position in the domestic market, a high-quality customer base, diversified business structure, strong innovation ability and market competitiveness, and excellent brand value. With the goal of building a world-class modern financial enterprise, China Industrial and Commercial Bank keeps developing and progressing, and helps global customers manage assets and create wealth with sincere service and professional ability.

China Industrial and Commercial Bank Co., Ltd. made a preliminary accounting of the financial data from June 30 to June 65,438+0, 2008 according to China accounting standards. It is estimated that the net profit in the first half of 2008 will increase by more than 50% compared with the net profit in the first half of 2007 (the net profit attributable to shareholders of the parent company is 40.844 billion yuan), and the specific data will be disclosed in detail in the interim report of the company in 2008.

[Edit this paragraph] China Industrial and Commercial Bank Headquarters Building

The building was designed by SOM design firm in the United States, with a height of 13 floors and a construction area of nearly130,000 square meters. It is divided into rectangular area and arc area, and the middle is connected into a whole in the form of overpass. The building is an integral steel structure project with high technical requirements and complex technology. Its structural form is friction type high strength bolt connection, and the bottom insert column is box section. The maximum thickness of full penetration welding is100 mm; ; The total steel consumption is 8,000 tons, and the construction details are designed in depth by China Railway Wuqiao Heavy Industry Co., Ltd. (formerly Wuhan Bridge Machinery Factory) to complete the factory manufacturing tasks of all steel structures. The project was manufactured, installed and accepted according to the Code for Construction Acceptance of Steel Structure Engineering (GB50205-95), and passed the inspection. It has been well received by the owners and supervisors, and has established an image for China Railway Wuqiao Heavy Industry in the capital and won a good reputation. The whole project won the National Luban Award.

[Edit this paragraph] Strong strength

ICBC has strong profitability. In 2007, the after-tax profit of the Group was 86,543.8+0.99 billion yuan, an increase of 65.9% over the previous year. Since the introduction of international audit in 2003, the compound annual growth rate of after-tax profit has exceeded 38%. The cost-income ratio was 34.48%, which remained at a reasonable level. Earnings per share was 0.24 yuan, an increase of 465,438+0.2%. By the end of 2007, the total market value had risen to $338.934 billion, an increase of 35%, making it the largest listed bank in the world.

In order to enhance the sustainability of development, ICBC continued to implement the business transformation strategy. Comply with the requirements of macro-control policies, maintain moderate growth of various loans, and optimize the structure; Improve the investment structure, expand the financial market business, and greatly increase the operating income of the fund; Vigorously develop intermediary business, and the income growth point will be more diversified. In 2007, the net rate of return was 2.80%, up 0.39 percentage points year on year; Non-credit interest income accounts for 30.36% of total income; The net fee and commission income increased by 1 10.4%, accounting for 4.49 percentage points of operating income.

Comprehensive management and implementation of the international development strategy have made greater strides. With the establishment of financial leasing company in 2007, ICBC's non-bank license business has extended to investment banks, funds and leasing markets. Acquired the equity of the largest banks in Macao and Africa, entered new markets such as Russia and Indonesia, and the number of overseas institutions reached 1 12, forming a global service network covering major international financial centers and major economic and trade exchanges in China.

[Edit this paragraph] Quality service

In China and 65,438+03 countries and regions around the world, China Industrial and Commercial Bank has 3,865,438+0,765,438+03 pioneering and experienced employees, providing a wide range of high-quality financial products and services to 65,438+700 million individual customers and 2.72 million corporate customers.

There are nearly 65,438+7,000 domestic and foreign institutions, covering most large and medium-sized cities in China and major international financial centers, providing quality services directly to customers; The leading e-banking platform in China has four channels at your fingertips: online, telephone, mobile phone and self-service banking, providing six services: fund management, payment, marketing service, financial management, agency sales and e-commerce; VIP financial center, telephone banking, exclusive channels for online banking and professional financial planners provide unique services for VIP customers. ICBC has also established correspondent bank relations with more than 65,438+0,400 domestic banks and 65,438+022 countries and regions, and its global service network has been further improved.

Taking the first year after listing as the "year of quality service", ICBC has systematically improved and upgraded its services in business processes, distribution channels, service models and product types, and continues to move towards the goal of building a financial enterprise with the best service in China.

[Edit this paragraph] Business diversification

As the largest commercial bank in China, China Industrial and Commercial Bank provides diversified and specialized financial services for corporate customers and individual customers.

1. Corporate finance business

China Industrial and Commercial Bank is the largest corporate bank in China, with 2.72 million corporate customers by the end of 2007.

Adhere to the steady development of credit and maintain the status of the first credit bank in China. Continue to strengthen credit supply to key industries and regions, actively promote the construction of "green credit" and enrich financing products. At the end of 2007, the loan balance of domestic companies was 29149.93 million yuan, an increase of15.2%; The balance of deposits of domestic companies was 3,402.683 billion yuan, up by 20. 1%.

Strengthen the innovation of financing products, improve the linkage marketing mechanism of financial products and provide comprehensive financial services for small and medium-sized enterprises. By the end of 2007, the financing balance of small enterprises in China was 44,963, an increase of 23.3% over the beginning of the year.

There are 28 domestic cooperative insurance companies, 98 third-party depository brokers and 73 domestic agents. The scale of bank insurance agency business continued to lead the market, and the business of banks, securities, peers and financial cooperation institutions developed in an all-round way.

The market share of discounted bill balance remains the first in the industry. Complete the major transformation of bill financing pricing mechanism from fixed interest rate to floating interest rate, and become the first commercial bank to comprehensively price bill financing based on Shibor.

While consolidating the advantages of traditional settlement products, value-added services are increasing, and the number of corporate settlement accounts exceeds 3.2 million. In 2007, RMB settlement of enterprises reached 400 trillion yuan, an increase of 53.8%; The cash management service extends from centralized management of single fund to comprehensive wealth management business, with 58,563 cash management customers. Won the title of "Best Cash Management Bank in China" by Treasury magazine and Financial Asia magazine.

The number of clients contracted by the perennial financial advisory business has increased steadily, and the scale of structured financing, syndicated arrangement, restructuring and mergers and acquisitions has been continuously improved, and many projects such as "Baosteel Group's acquisition of Bayi Iron and Steel" have been completed. In 2007, the main underwriting amount of short-term financing bonds was 53.6 billion yuan, making it the largest bond underwriting institution in China.

Provide customers with financing and services covering the whole process of international and domestic trade financing, and design a centralized operation plan for international settlement and trade financing. In 2007, domestic branches issued a total of 223.646 billion yuan of trade financing, a year-on-year increase of132.9%; The accumulated international settlement business was 593.3 billion US dollars, an increase of 48.5%.

Custody 82 securities investment funds, leading the domestic fund custody business market; Trust the national social security fund; Global custody such as enterprise annuity fund custody, QFII and QDII custody, the scale of insurance asset custody has grown rapidly. The total net value of custody assets is 13,1600 million yuan, making it the first custody bank in China to break through the trillion mark. He was named "the best custodian bank in Mainland China" by Fortune magazine and "the best custodian bank in China" by Global Finance magazine.

The annuity business maintains a leading position in the market and has all the business qualifications for banks to engage in enterprise annuity fund management. 3.477 million personal accounts of enterprise annuities were managed, and 65.438+08.78 billion yuan of annuity funds were managed.

The precious metal business has developed rapidly. The sales volume of the first brand gold bar "Ruyi Gold" exceeded 50,000, and personal account gold and physical gold transactions continued to develop. In 2007, the self-operated and agency business of precious metals reached 288 tons, and the settlement volume of Shanghai Gold Exchange was 90.7 billion yuan, which continued to maintain the advantage of acting as an agent for gold clearing business.

We will comprehensively develop local and foreign currency wealth management services on behalf of customers, innovate overseas wealth management products on behalf of customers, launch wealth management+trust wealth management products, and enrich capital market-related products such as fund optimization. In 2007, the company issued 1, 152 billion yuan, an increase of175.6%; * * * In the list of "Best Banking Financial Products in China in 2007" in Financial Weekly, there are five financial products on the list.

2. Personal financial business

China Industrial and Commercial Bank insists on market-oriented and customer-centered, accelerates business innovation, improves customer service, and strives to build China into the "first retail bank". It was rated as the best state-owned retail bank in China by Asian Banker magazine.

Adhere to the focus on maintaining and developing high-quality customers, accelerate the innovation of savings products and tools, and promote the coordinated development of savings deposits and various wealth management businesses. At the end of 2007, the balance of domestic savings deposits was 3,244.074 billion yuan.

Vigorously develop personal loan business with personal housing, personal consumption and personal business loans as the main body, and enhance the market value of the "Happiness Loan" brand. At the end of 2007, the balance of personal loans in China was RMB 75,265,438+RMB 65,438+RMB 03 million, ranking first in the personal loan market.

Respond to the rising trend of customers' financial needs and promote the sales of personal financial products to record highs. A variety of products, such as subscription of new shares, fund optimization, overseas financial management on behalf of customers, have been launched one after another to meet the different needs of individual investors. In 2007, * * * launched 35 RMB wealth management products and 24 foreign currency wealth management products, with accumulated sales of 6543.8 yuan+54.4 billion yuan, continuing to be the first in the industry; The agency sales of various wealth management products reached 964.3 billion yuan, up 200.7% year-on-year. Many indicators such as fund consignment, fund stock, number of customers, market share of insurance products of consignment banks, and sales of government bonds rank first in the industry. Domestic sales of various personal wealth management products 1 1 187 billion yuan, up 182.4% year-on-year.

As the exclusive brand of ICBC to locate high-end individual customers, the "wealth management account" service has been continuously upgraded. The number of customers has reached 3.02 million. By the end of 2007, there were 1, 1 12 VIP financial centers, and 95588 telephone banking, online banking and other electronic channels opened exclusive channels to provide exclusive services; Carry out the theme marketing activities of "Fortune Post" and provide value-added services; The number of financial planners (AFP) and international financial planners (CFP) reached 5083 and 86 1 person, respectively, accounting for 27.2% and 38. 1% of their peers, ranking first among domestic peers.

3. Bank card business

ICBC is the largest credit card issuer in China and one of the most complete credit card issuers. Continuously strengthen product innovation, and successively launch new products such as Euro Credit Card, Peony Express Business Card, Peony UnionPay Card, Peony Sports Card, and New Peony Transportation Card; Promote the service system construction of business outlets, VIP customer service centers and other channels; Actively choose overseas institutions to issue cards as agents, and further strengthen cooperation with international card organizations. At the end of 2007, the number of credit cards issued was 23.38 million, and the consumption amount reached1.61.90 billion yuan, which continued to maintain the market position of paying equal attention to both card issuance and consumption. The credit card overdraft balance was 82,465.438 billion yuan, an increase of 59.5%.

Establish a personal financial service model based on debit card; Strengthen the integration of marketing channels with the advantages of multi-account and multi-function of Peony Link Card; Give play to the role of Peony Link Card in payment and settlement, and divert the pressure on the counter. At the end of 2007, the number of debit cards issued was 654.38+87 million, an increase of 8.58 million, and the annual consumption was 454.3 billion yuan, an increase of 765.438+0.4%.

At the end of 2007, the number of bank cards issued exceeded 2 1 10,000, an increase of 2149,000. Bank card business income was 4.537 billion yuan, up 40.6%.

4. Treasury business

China Industrial and Commercial Bank regards the development of treasury business as the strategic focus to promote business transformation and cultivate future market competitiveness, and constantly improves the ability and level of operating domestic and foreign currency funds in various financial markets at home and abroad.

In 2007, the total RMB import and export of domestic institutions reached 6,096.7 billion yuan, up by 27.6%, including RMB 41654.38+03.3 billion yuan and RMB1983.4 billion yuan. In 200 1 year, the transaction volume of foreign currency money market was 868.2 billion US dollars, an increase of 43.5%.

As a market maker in the inter-bank market, the types of bonds quoted bilaterally include all bonds with five maturities and three credit ratings, with daily quoted bonds12; There are 33 quoted bonds in the over-the-counter market. In 2007, the transaction volume of counter book-entry bonds was 654.38+0.53 billion yuan, and the market share continued to be the first. The trading volume of RMB-traded bonds exceeded 2 trillion yuan for the first time. The total transaction volume of foreign currency bonds in the whole year was $51.200 million.

Investing in RMB bonds focuses on preventing interest rate risks and mainly participates in investing in short-term RMB bonds. At the end of 2007, the balance of RMB bank account bond investment was 2,858.554 billion yuan. In the face of the violent turmoil in the US bond market caused by the subprime mortgage crisis, we actively adjusted the foreign currency bond portfolio to promote a substantial increase in investment income.

ICBC provides customers with RMB foreign exchange trading products and services such as spot settlement and sale of foreign exchange, forward settlement and sale of foreign exchange, RMB foreign exchange swap, 24-hour foreign exchange trading, foreign exchange forward, swaps, options and other financial derivatives trading, and provides various local and foreign currency financial management and asset-liability management services on behalf of customers, providing account gold trading services for individual customers. In 2007, the transaction volume of foreign exchange funds of customers was $275.88+0 billion.

5. Electronic banking business

E-banking business continues to maintain a leading position in the market in terms of channels, products, customers and market brands. By the end of 2007, 4,065,438+03 outlets had established e-banking service areas; The number of e-banking customers is 80.96 million; The transaction volume has advanced by leaps and bounds, reaching 102.88 trillion, an increase of127.5%; Business transactions accounted for 37.2% of the bank's business transactions, and the role of diverting counter business was further enhanced.

In 2007, the online banking transaction volume of enterprises was 85.74 trillion yuan, and that of individuals was 4.10.5 trillion yuan, increasing by 133.8% and 205. 1% respectively. Personal and corporate online banking customers reached 39.08 million and 980,000 respectively. For five consecutive years, he was selected as "Best Personal Online Banking in China" by Global Finance magazine, and won the honors of "Best Online Banking for Deposit Services in Asia" and "Best Online Banking for Deposit Services in the World" for the first time. He Xun won the first place with absolute advantage in the second "online banking evaluation"; In 2007, it was awarded the "Best Online Banking in China" by China Financial Certification Center (CFCA).

Telephone banking products and functions are constantly enriched, and the degree of intensification is further improved. In 2007, the total number of telephone bank calls was 250 million, and the number of manual calls was 285 1 10,000. In the selection of the best call center in China, he was awarded the "Best National Call Center Management Team" and "Best Call Center Manager"; Won the "China Call Center Special Contribution Award" in the 4th Asia-Pacific Best Call Center Awards.

Investment in self-service equipment continues to increase, and the self-service banking network expands rapidly. By the end of 2007, there were 4,890 self-service banking centers and 23,420 ATMs, and the annual transaction volume of ATMs was 1.0696 billion yuan, up by 7 1.0% year-on-year.

Since 2008, ICBC's online banking business has maintained a rapid development momentum. 65438+10-June, the bank's personal online banking customers increased by 94 1.29 million, a year-on-year increase of 27%, and the total number of customers reached 48.49 million; The number of corporate online banking customers increased by 294,200, a year-on-year increase of 54%, and the total number of customers reached1274,500.

It is reported that in 2007, the transaction scale of ICBC's electronic banking reached 102.9 trillion yuan, a year-on-year increase of 127%, making it the first bank in China with an annual transaction scale exceeding 100 billion yuan. So ICBC is also called love does not exist.

[Edit this paragraph] Advanced technology

In-depth implementation of the strategy of "leading by science and technology" has maintained the leading position of information technology among domestic peers and effectively promoted business development and management ability. In 2007, it became one of the "Top 500 Chinese Enterprises" and won the "2007 Science and Technology Award-Global Bank Cash Management Project Award" issued by Banker magazine.

Major breakthroughs have been made in applied product innovation, with 63 patents. With the completion of the Bank's customer information system, products in customer wealth management, cash management, electronic banking and other business areas have been further enriched, and various internal management systems have been gradually established and improved.

The information system operates safely and stably. A complete disaster tolerance architecture in the same city and different places has been constructed, and the high availability and disaster tolerance of information systems have been further enhanced. The capacity, performance and technology of disaster recovery system are at the international leading level.

[Edit this paragraph] Corporate governance

(1) Corporate governance structure.

According to the Company Law of People's Republic of China (PRC), Securities Law of People's Republic of China (PRC) and other relevant laws and regulations, China Industrial and Commercial Bank has established a governance structure consisting of shareholders' meeting, board of directors, board of supervisors and senior management, and formed a working mechanism in which the authority, decision-making body, supervision body and senior management perform their respective duties, coordinate with each other and check and balance effectively. There are five special committees under the Board of Directors: Strategy Committee, Audit Committee, Nomination and Remuneration Committee, Risk Management Committee and Related Party Transaction Control Committee. The Board of Supervisors has a supervisory committee. In order to further improve the corporate governance structure, the authorization scheme of the shareholders' meeting to the board of directors and the authorization scheme of the board of directors to the president were formulated, the responsibilities and membership structure of special committees of the board of directors were adjusted, the chief risk officer system was implemented, employee supervisors were by-elected, the stock appreciation right plan was formulated, and the incentive mechanism of the company was established and improved. Actively explore and strengthen communication and strategic cooperation with domestic and foreign investors, and constantly improve the level of corporate governance.

(2) Corporate governance structure.

Deepen the reform of human resource management and incentive and restraint mechanism, and build a post-based modern human resource management system. Introduce the concepts of economic added value (EVA) and income sharing rate (GSR) and establish a performance-based salary distribution mechanism; Continue to improve the differentiated salary system; Establish enterprise annuity system in an all-round way. In 2006, the Bank held a total of 40,000 training courses at all levels, with 1.94 million person-times, with an average training time of 9.43 days. Carry out leadership training, financial risk management personnel (FRM) training and other projects, try out the pre-job training system for employees, and put the offline distance education system into operation. Promote the institutional reform of the head office and branches, start some major business process reengineering and organizational structure adjustment from top to bottom, and reorganize functional departments such as corporate finance, treasury business, risk management and financial management of the head office.

[Edit this paragraph] Management specification

Corporate governance has been continuously improved. ICBC strictly abides by the laws and regulations of the place of business and the relevant regulatory provisions of the place of listing, strengthens the construction of corporate governance system, improves the operation mechanism of "three meetings and one floor", strengthens risk management and internal control, continuously optimizes the board structure, improves the quality of information disclosure, deepens the management of investor relations, and accelerates the transformation of business model and growth mode, and has achieved remarkable results.

The level of risk management has been significantly improved. ICBC implements comprehensive risk management, and the board of directors, senior management and employees of the whole bank perform their respective duties, effectively controlling all kinds of risks. Learn from international experience and comprehensively strengthen the management of credit risk, market risk, liquidity risk and operational risk. The balance and ratio of non-performing loans decreased for five consecutive years, reaching 1,1,7.74 million yuan and 2.74% respectively at the end of 2007. The provision coverage ratio reached 103.50%. New progress has also been made in capital management, capital allocation has become more standardized and efficiency-oriented, and the capital adequacy ratio and core capital adequacy ratio have remained at a high level of 65,438+03.09% and 65,438+00.99% in the rapid development of business.

We have maintained close cooperation with Goldman Sachs Group, American Express and Allianz Group, and achieved remarkable results in corporate governance, risk management, non-performing loan management, staff training and fund trading, bank cards and other business areas.

[Edit this paragraph] Social responsibility

ICBC adheres to the organic unity of "economic man" and "social man", and actively undertakes social and environmental responsibilities while striving to create profits and be responsible for the interests of shareholders.

China Industrial and Commercial Bank takes the lead in advocating the concept of "green credit" among domestic peers, strictly restricts the credit supply to enterprises with high pollution and high energy consumption, and actively supports the reasonable capital demand in the field of energy conservation and environmental protection; Adhere to legal compliance and integrity management, and earnestly fulfill anti-money laundering obligations; Enthusiastic about public welfare, in 2007, social public welfare investment was 200910.9 million yuan, supporting the construction of designated poverty-stricken areas, the Shanghai World Expo, the Shanghai Special Olympics, the renovation of Finance Hope Primary School, and the "Love Action" in Jiaxing City, helping 1000 poor cataract patients to have their eyesight restored, actively supporting post-disaster reconstruction, and continuously providing incentive funds for Peking University, which won wide acclaim from the society. China Industrial and Commercial Bank donated RMB120,000 to Wenchuan Earthquake on May 2.

[Edit this paragraph] International honor

ICBC's good business performance has won wide recognition from all walks of life at home and abroad. In 2007, it won many awards such as "Best Bank in China", "Best Transaction Award in the World" and "Best Management Company in China" awarded by world-renowned financial media such as Banker, Global Finance, Treasury and Financial Asia, and was rated as "the most respected enterprise in China" by Economic Observer. International professional rating agencies have upgraded ICBC's rating several times, among which Moody's upgraded its long-term credit rating to "A 1" and Standard & Poor's upgraded it to "A-".

In 2007, it ranked170th among the world's top 500 companies with an operating income of 368.329 million dollars.

[Edit this paragraph] China Industrial and Commercial Bank logo

The overall logo is a hidden square-hole round coin, which reflects the industry characteristics of the financial industry. The center of the sign is the deformed word "I", which is broken in the middle, making the word "I" more prominent and expressing its deep meaning. Symmetry on both sides reflects the interdependence of equality and mutual trust between banks and customers. Strengthening "continuation" with "break" and forming "combination" with "points" are the deposit basis of banks and customers. The clever use of design techniques enhances the expressive force of the logo, and the use of China Chinese characters and ancient coin shapes fully embodies the modern atmosphere.