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Major Events in 2004
January Industrial Bank Card was honored "VISA Card Outstanding Growth
Award" in 2003.
January 5 The Bank launched the first batch of foreign exchange wealth management product, "Wang Hui Tong" (WHT).
January 15 The Bank's first extraordinary general shareholders' meeting 2004 held in Fuzhou . The following proposals were reviewed and approved: Proposal on Revising the Articles of Association of Industrial Bank Co,. Ltd.; Proposal on Capital Increase, Share Expansion and Foreign Strategic Investors Introduction; Proposal on Issuing Certificate of Big Amount Agreement Deposit.
February 5 The Bank's work conference 2004 held in Fuzhou . The conference set the strategic development guideline that adhered to the objective of "Building A Top-ranking Bank of Centuries", focused on IPO, and promoted the transformation of business development mode and profitability mode.
April 12 The Bank launched "Wise Fortune", the product portfolio of corporation banking. The portfolio covered 7 service sections including CIB ONLINE, Express Trade, Express Bill, Factoring Business, Investment Management, Financing Consultant, and Tax Assistant.
April 29 Investment fund promised by foreign strategic partners Hang Seng Bank, International Finance Corporation, and the Government of Singapore Investment Corporation Pte Ltd. fulfilled. The transaction has become the one with the largest number of shareholders introduced at one time, the highest proportion of purchased shares and the greatest amount of capital involved in domestic banking industry. International authoritative media commented that "this marked the acceleration of opening-up in financial industry of Chinese Government".
June 28 The new Board of Directors and Board of Supervisors were elected by the General Shareholders' Meeting and the system of independent directors and external supervisors were established. New directors from Hang Seng Bank, International Finance Corporation, and the Government of Singapore Investment Corporation Pte Ltd. were added to the Board.
June 28 The first session of the fifth Board of Directors elected Mr. Gao Jianping as the Chairman of the Board, and nominated Mr. Li Renjie as the President of the Bank, Ms. Bi Zhonghua and Mr. Kang Yukun as the Vice President of the Bank, Mr. Tang Bing as the Secretary of the Board. The first session of the third Supervisory Board elected Mr. Huang Guangtong as the Chief Supervisor of the Bank.
July The Bank's Credit Card Center was founded in Shanghai. On July 21, The Bank held the "Press Conference for Debut of Industrial Bank Credit Card" and had its credit card officially launched.
July 27 Presidents from each branch attended seminar 2004 in Fuzhou.
August 6 Jointed with CHINAPAY E-Payment Service Co., Ltd. and domestic major fund companies, the Bank launched Bank-UnionPay Link online fund trading service with Industrial Bank Card.
September 2 Approved by China Banking Regulatory Commission (CBRC), the Bank was granted trading qualification of derivative products.
October 11 Industrial Bank Zhengzhou Branch officially opened.
October 14 Industrial Bank Sian Branch officially opened.
October In the selection event of "Top 100 Commercial Websites 2004" held by China Internet Weekly, CIB ONLINE was the only Internet Bank that awarded the prizes of both "Top 100 Commercial Websites 2004" and "Fastest Growing Websites".
October The VIC (Very Important Clients) Department of the Bank was founded in Beijing.
November 8 CIB ONLINE of the Bank upgraded to version 3.0.
November 16 The foundation of the Bank's Financial Markets was approved by China Banking Regulatory Commission (CBRC), and it was the first domestic and comprehensive fund operation institution that held financial license individually.
November 19 The Bank's second extraordinary general shareholders' meeting 2004 held in Fuzhou. Eight proposals including the following were reviewed and approved: Proposal on Revising the Articles of Association of Industrial Bank Co,. Ltd.; Proposal on Full Authorization for the Board of Directors to Operate IPO Program; Proposal on Operation Solution of Fund Raised by Public Offering.
December 6 The Bank finished the acquisition of Foshan City Commercial Bank and set up Industrial Bank Foshan Branch. In domestic banking industry, it was the first case of bank acquisition by market-driven mode as well as the first case that a city commercial bank acquired by a shareholding commercial bank.
December 8 The Bank launched the first batch of RMB wealth management product, "Wang L Bao"(WLB).
December 20 The Bank successfully issued new type of credit card with both Industrial Bank and Hang Seng Bank logos. With commercial resources that Hang Seng Bank possessed in Hong Kong area, card holders would enjoy more preferential service when traveling in Hong Kong.
December 30 The Bank successfully issued RMB 3 billion subordinated debt of ten-year term. After this capital supplementation, the total capital of the Bank hit RMB 16.523 billion.