February 18- February 19 Work conference of the Bank held in Fuzhou.
March 3 The Bank officially changed its name to "Industrial Bank Co.,
Ltd." (for short: Industrial Bank).
March 6 The twelfth session of the fourth board of directors held in
Shanghai . Following reports and proposal were reviewed and approved: President Work Report of
2002; Report on Capital Introduction and IPO; Proposal on Directors Supplementations and Change in
Shareholding Structure.
March 13 The Bank's Internet banking business was approved by the
People's Bank of China.
April 1 Industrial Bank Tianjin Branch officially opened.
April 17 The third session of the second Board of Directors of National
Debt Association of China (NDAC) voted through the Bank's membership of standing director, and Ms.
Bi Zhonghua, the vice president of the Bank was elected to be the standing director of NDAC.
April 23 Industrial Bank Chengdu Branch officially opened.
April 24 The Bank signed "Agreement on All-round Business Cooperation"
with China Life Insurance Company.
June 28 The Bank's General Shareholders' Meeting 2002 held in Fuzhou .
Following reports and proposals were reviewed and approved: Work Report of Board of Directors 2002;
Work Report of Supervisory Board 2002; Final Financial Report 2002 and Financial Budget Plan 2003
(Draft); Profit Distribution Plan for 2002; Proposal on Change of Directors.
July According to updated list of "Top 1000 World Banks" released by
The Banker, a British based magazine, the Bank ranked 273rd in term of total assets,
advanced 60 positions from last year's 333rd; and ranked 400th in term of tier 1 capital, advanced
10 positions from the previous year's 410th.
July 29 President from each branch of the Bank attended seminar 2003 in
Fuzhou.
August 10 The Updated Core Business System of the Bank was successfully
put into operation.
November 3 The Financial Markets of the Bank was officially put into
operation in Shanghai.
November IP Telephone System of the Bank fully put into use.
December 17 The Bank signed a Share Subscription Agreement with Hang
Seng Bank, GIC Special Investment Pte Ltd. and International Finance Corporation respectively in
Fuzhou. Governor of Fujian Province Mr. Lu Zhangong, General Vice Governor Mr. Huang Xiaojing and
Vice Governor Mr. Chen Yun presented the signing ceremony.
December The Bank won "VISA Card Outstanding Growth Award" in 2003.
December 30 With the approval of China Banking Regulatory Commission,
the Bank successfully issued RMB 3 billion subordinated debt firstly among domestic commercial
banks, and achieved the new way to fulfilled capital supplementation.