In July 2020, because of the outstanding contributions to the implementation of national strategies, the commitment to green finance, and the fight against the Covid-19 epidemic, the Industrial Bank (IB) was awarded the “Best Green Finance Achievement Award” and the “Best Social Responsibility Manager Award” in the assessment of 2019 top 100 social responsibility in China’s banking industry, which was organized by the China Banking Association.
It is reported that in 2019, IB deepened the strategic transformation of “commercial bank + investment bank”, accelerated its own supply-side structural reform, continued to increase the optimization of real economy financial supply such as the manufacturing sector and further enhanced the ability to serve the real economy, adhered to the sustainable development concept of “integrating righteousness with profitability”. Moreover, IB continuously improved the level of financial services in weak areas such as private, small and micro enterprises and targeted poverty alleviation, and actively contributed to help win the battle of pollution prevention and target poverty alleviation as well as the epidemic prevention and control blockade.
As a pioneer in green finance, IB completed the medium-term development target of “two ten thousand” one year ahead of schedule in 2019, with a green financing balance of RMB 101.09 billion and 14,764 corporate green finance clients. At the same time, it further consolidated the advantages in green bond underwriting, and underwrote RMB 7.07 billion of green debt financing tools for non-financial enterprises in 2019, ranking first in the Chinese market for the third consecutive year. During the special period of fighting the epidemic this year, IB grasped the main line of “epidemic prevention and control + green”, played its professional advantages in green finance, opened green channels, provided precise support of “one household, one policy”, took the lead in underwriting the first single green epidemic prevention bond in the market, and provided over RMB 7 billion of green financing for environmental protection enterprises, and created an “environmental protection backing” for enterprises to resume work and production.
Manufacturing industry is the pillar of national economy. With China’s manufacturing industry entering a new stage of transformation and upgrading and moving towards high-quality development in recent years, IB has taken advantage of comprehensive financial services to provide one-stop comprehensive financial services covering such aspect as loans, bonds, funds, equity investment and leasing for the high-quality development of the manufacturing industry. In 2019, the IB’s full-caliber manufacturing capital support exceeded RMB 1 trillion, of which the balance of manufacturing loans was RMB 354.8 billion, and the proportion of corporate credit was 19.71%, ranking first in the balance and proportion of the same or similar type of banks, apart from keeping a good asset quality and the lowest non-performing rate. In terms of non-credit, IB underwrote debt financing tools of entity enterprises at the amount of RMB 317.4 billion, invested in bonds of entity enterprises for more than RMB 106.7 billion and provided entity enterprises the financing support with a balance of RMB 481.2 billion through off-balance sheet financial management.
In 2019, focusing on the demands and characteristics of private, small and micro enterprises, IB continued to build an exclusive product and service system of “attracting customers with convenient settlement, serving customers with differentiated financing and enhancing customers with value-added services” to comprehensively improve the availability, coverage and sense of access to financial services for private and small and micro enterprises. In 2019, IB had 24,300 private enterprise loan customers with a loan balance of RMB 738.835 billion, having an increase of 15.37% whose corporate credit ratio was about 40% compared with the beginning of the year, and 56,400 for inclusive small and micro enterprises loan customers with a loan balance of RMB 126 billion, maintaining an increase of 56.67% and 37.01% on year-on-year basis respectively, who has exceeded the regulatory requirements of “two increases and two controls”.
Facing the impact of the Covid-19 epidemic, IB has joined hands with SMEs to overcome the difficulties together. As of the end of June, it has extended new credit facilities of more than RMB 8.5 billion to more than 400 SMEs related to epidemic prevention and control. Meanwhile, in order to fully support the stabilized development of enterprises and secured employment, IB actively launched “guaranteed loans for business start-ups” to support the financial needs of such population as the laid-off unemployed in the process of self-employment and business start-ups. As of the end of June, IB’s balance of guaranteed loans for private entrepreneurship was RMB 128 million.
In terms of serving the “agriculture, countryside and farmers”, IB relies on the Bank-Bank Platform to export its professional capabilities through product output, business output and technology output, focusing on supporting the development of deep poverty areas and key small and medium-sized financial institutions, filling the blind area of financial services and improving the modernization of rural financial services. By the end of June, the Bank-Bank Platform represented 211 cooperative banks to access the large-amount and small-amount payment system, 34 to access the Internet Banking Payment System, 133 to access network connection, and 133 to access CIPS.
IB developed the “five poverty alleviation systems”, i.e., industrial poverty alleviation, multi-channel poverty alleviation, product poverty alleviation, targeted poverty alleviation and education poverty alleviation in a coordinated manner, and explored to form a sustainable financial poverty alleviation model with its own characteristics and proven effectiveness so as to promote effective connection between poverty alleviation and rural revitalization continuously and to realize the integrated development of urban and rural areas. In 2019, IB’s loan balance for targeted poverty alleviation was RMB 14.529 billion, with an increase of 20.08% compared with the beginning of the year, and IB promoted and served 130,000 persons in poverty with established files and cards; and donated funds for poverty alleviation donation at about RMB 30 million, including RMB 14 million for targeted poverty alleviation, RMB 5 million for education poverty alleviation, and 20,000 persons/times benefited from the vocational skills training organized by IB in poor areas. In 2020, IB continued to promote its brand of “IB Cares Charity Stipend”. Up to now, the project has donated RMB 27.5 million to support poor students studying in five universities of Fujian Province, namely, Xiamen University, Fuzhou University, Fujian Normal University, Fujian Agriculture and Forestry University and Jimei University, and sponsored students for 6,500 persons/times.
This year is the year of building a moderately prosperous society and the year of closing the 13th Five-Year Plan. In the face of the epidemic, IB followed the requirements of “stability in six key aspects” and “guarantee in six key areas”, devoted every effort to support stable production of epidemic prevention and control enterprises and the resumption of work and production of various market entities to promote stable operation of the economy while conducting well the work of Covid-19 prevention and control. After the outbreak of COVID-19, the IB Group has donated a total of nearly RMB 60 million to Hubei and other areas, and in the meanwhile, it has taken comprehensive measures to support stable economic and social development by setting up special credit scales, opening up green business channels, reducing fees and offering concessions, renewing loans without repayment of principal, and optimizing online services. So far, IB has provided credit support of more than RMB 30 billion to support the epidemic prevention and control and the resumption of work and production, and underwritten the epidemic prevention and control bonds for more than RMB 16 billion.