In the “China Cloud Peak Meeting on Corporate Social Responsibility” organized by the Xinhuanet in January 2022, the case submitted by IB, “Devotion in Fujian, IB Bravely Serves Fujian’s High-quality Development and Surpasses the Main Financial Force”, won the “2021 China Outstanding CSR Case Award”.
As the only national joint-stock commercial bank with roots and headquarters located in Fujian, IB has always been taking the service for Fujian’s economic and social development as a major political responsibility, completely, implementing the new development concept accurately and comprehensively by centering on the Fujian’s “14th Five-Year Plan”, and in accordance with the work requirements of the Fujian Provincial Party Committee and the Provincial Government, against the general goal of “one Fujian chapter”, “four more (more progress, more achievements, more steps and more breakthrough)” requirements and four key tasks put forward by the General Secretary Xi Jinping during his visit to Fujian Province. IB has actively and deeply been integrating services into a new development pattern, highlighting the financial service of “four major economies”, namely, digital economy, marine economy, green economy and cultural tourism economy, and exploring new ways such as finance and rural revitalization between Fujian and Taiwan, who dares to be the main force and vanguard of financial service, and make greater financial contribution to Fujian’s all-round promotion of high-quality development. By the end of 2021, the balance of various loans of IB branches in Fujian Province was RMB 470.9 billion, with an increase of 14.69% compared with the beginning of the year. At the same time, IB invested more than RMB 400 billion into the Province through various financing channels such as bond underwriting, financial leasing and trust.
Focusing on serving the “four economies”, IB combines business and investment and group linkage to help accelerate the construction of a modern economic system in Fujian Province. In terms of digital economy, IB focuses on building “the No. 1 province in digital application”, accelerates the promotion of industrial digitalization and digital industrialization, and its loan balance has exceeded RMB 50 billion, accounting for nearly one-fifth of the corporate loans in Fujian Province. Meanwhile, it continues to improve the function and ecological construction of Fujian’s “Financial Service Cloud Platform” and promote the value of data. At present, the Platform is registered with more than 160,000 registered users, through which the amount of accumulated financing demands solved is over RMB 100 billion. In terms of marine economy, IB extends the advantages of green finance to the blue sea area, and actively explores the development mode of “blue and green economies in harmony”, who landed the first blue bond in Fujian Province to support the offshore wind power construction in Haitan of Fuqing County-level City. IB supports the construction of six “RMB hundred billion” marine industries, who has reached a strategic cooperation with Fujian Port Group to develop a world first class marine port, and whose loan balance is over RMB 27 billion in marine economy. In terms of green economy, IB explores and promotes the innovation on value realization mechanism of ecological products on the basis of abundant ecological resources in Fujian, who landed the first pledge loan of carbon sequestration, the first pledge loan of forest ticket and the first pledge loan of energy use right index in Fujian Province, worked with Xiamen Airlines to introduce the first “carbon-neutral air tickets” in China, and issued the first debit card of carbon sequestration theme in the Province. IB has invested a total of RMB 217.6 billion in green financing within Fujian Province, making the “ecological beauty” a sustainable advantage of Fujian and turning the green economy into a new engine of social and economic development in Fujian. In terms of cultural tourism economy, IB actively explores a new model of “finance + cultural tourism”, builds a smart tourism platform, and constructs featured financial solutions, who has provided a loan of about RMB 44 billion for the cultural tourism industry, helping to develop Fujian a global eco-tourism province.
As the “first home for Taiwan compatriots and Taiwanese enterprises to land” in Fujian, IB has been relying on the localization and geographical advantages, continuously intensifying its product and business innovation, and specially formulated comprehensive financial service plans for Taiwan compatriots and Taiwanese enterprises to promote the convenience of Taiwan-related financial services, and constantly “explore a new path for cross-strait integration and development”. At present, it has provided more than RMB 10 billion of credit service to Taiwan-invested enterprises in Fujian Province.
Think of the source when drinking the water. IB will take Fujian as a rural revitalization experimental field and the model room, deepen the linkage assistance, increase financial support for key industries related to the agriculture, countryside and farmers as well as the featured industries, support leading enterprises related to the agriculture, countryside and farmers to continuously grow bigger and stronger, promote the integration of the first, second and third industries, and drive farmers to increase their incomes and become richer. In the meanwhile, IB will continue to donate money to support education, and remove the “roots of poverty” from the source. By the end of 2021, IB has donated more RMB 50 million accumulatively to the linked help points (of poverty alleviation) in Fujian Province, and the balance of loans related to the agriculture, countryside and farmers in the Province is RMB 82.8 billion, with an increase of 23% compared with the beginning of the year. In addition, IB has donated more than RMB 100 million of charity funds to the educational sector in Fujian Province, and supported over 100,000 students to make their dreams come true through education.
Faced with the epidemic situation in such places as Putian and Xiamen of Fujiang Province in September last year, IB efficiently supported the funding needs of key epidemic prevention enterprises, secured stable production and increase of various epidemic prevention materials, and helped win the war of epidemic prevention and control through a series of measures such as providing special credit resources, opening up green channels for financial services, and strengthening online business services. By the end of 2021, IB has supported 283 key epidemic prevention enterprises in the Province, with a credit line exceeding RMB 60 billion and a credit balance exceeding RMB 30 billion respectively. In addition, it donated money or goods exceeding the amount of more than RMB 20 million yuan, which has strongly supported the resumption of production, business and market.
The “14th Five-Year Plan” is a crucial period for Fujian to promote high-quality development comprehensively. IB issued the Forty-three Financial Services Measures for IB to Support Fujian’s High-quality Development and Surpass, and formulated the “task book” and a “road map” for the service of promoting high-quality development and surpass in all directions in Fujian Province during the “14th Five-Year Plan” period. By the end of 2025, IB will strive to increase the balance of all kinds of financing services including loans and other emerging businesses in the Province to RMB 1.4 trillion. In the next three years, it will invest no less than RMB 200 billion in such sectors as the “four economies”, and no less than RMB 400 billion in the “14th Five-Year Plan” period, so as to become a main financial force and vanguard in serving all-round promotion of high-quality development in Fujian Province.