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Industrial Bank Established Presence in Tianjin Beichen District to Facilitate Regional Economic Development


In recent years, Beichen District in Tianjin has proactively adjusted its industrial structure and employed advanced applicable techniques and high technologies to renovate and upgrade traditional industries; as a result, six pillar industries have emerged from the district, including machinery and electronics, modern pharmaceuticals, metallurgical deep processing, auto parts and components, rubber and plastic products, and food and beverage. The overall scale of the district's service industry and its inward and outward opening have expanded constantly, attracting intense attention from numerous investors in the financial sector. On October 18, Industrial Bank Tianjin Beichen Sub-Branch was opened on North Guoyuan Road in Beichen District, becoming one of the first joint-stock banks in the district.

Since May 2003, when it started operation in Tianjin, Industrial Bank has been expanding rapidly in this city, with total assets reaching RMB 17.7 billion. So far, Industrial Bank has opened nine branches in Heping, Hexi, Nankai, Hedong, Hebei and Tanggu Districts and Tianjin Economic and Technological Development Zone. The bank's vast diversity of products and services, including “Wise Fortune”, corporate banking products, “Golden Sesame”, special products for small and medium-sized enterprises, “Natural Life” family wealth management cards, Industrial Bank–Tianjin Friendship Shopping Center co-brand credit cards, Industrial Bank–Hang Seng Bank dual-currency credit cards, housing mortgage loans, “Bank-PayUnion Link” fund supermarket, wealth management product series in home and foreign currencies, and “CIB ONLINE” e-banking, have received an overwhelming response in the Tianjin market, winning lavish praises from local citizens.

Gu Weiping, President of Industrial Bank Tianjin Branch, stated that Industrial Bank had been attracted to Beichen District for the brilliant prospects of its regional economic growth. Under the business philosophy of “Sincere Services and Common Prosperity”, the bank will capitalize on the favorable economic climate and financial customer resources in Beichen District and provide high-standard diversified financial services for government agencies, enterprises and residents in this district, in order to ensure mutual growth with the district.