About IB

Major Events in 2007

January 8     Industrial Bank's A-share IPO was approved by China Securities Regulatory Commission (CSRC). The IPO issued 1.001 billion shares with issue price of RMB 15.98 per share. In the same month, the subscription fund for off-line allotment and on-line offering amounted to RMB 224 billion and RMB 937 billion respectively, both posting the highest record in domestic capital market.

January 18     “Natural Life” wealth management card of Industrial Bank was honored Best Growing Award for Cross-bank Deal and Outstanding Award for Successful Cross-boarder Deal Rate by China UnionPay.

January 20     Industrial Bank was awarded “Best Logistic Bank of China 2006” in the Annual Ports Meeting of China International Logistics (Annual Meeting of China Logistic Industry Development) and the awarding ceremony for Top Logistics of China.

January     Garfield Credit Card of Industrial Bank was awarded “Outstanding Garfield Bank Card” and “Best Card Promotion of the Year” by PAWS Inc. and Visa International respectively.

January 27     In the awarding ceremony for “Top Financial and Economic Awards 2006” hosted by Hexun.com, Industrial Bank harvested 4 titles, including “Outstanding Banking Service 2006”, “Best Customer Experience of Internet Banking 2006”, “Best Banking Promotion 2006” and “Wealth Management of Most Valuable Investment 2006”.

February 3     Industrial Bank achieved “Best Customer Relationship Management (CRM) Application Award of China IPOWER500 2006” in China IPOWER500 2006 Meeting.

February 5     Industrial Bank was officially listed in Shanghai Stock Exchange with Stock Code 601166. On the first listing day, the share price opened at RMB 24.80 and closed at RMB 22.18, soaring 38.8% compared with issue price. 

March     QQ Show Credit Card and Wuhan Junefield SOGO Department Store Credit Card were awarded “Best Product Creation of the Year” by VISA International. 

March     Aiming VIP clients of “Natural Life” wealth management card, Industrial Bank launched new value-added service, Health Care Service. 

March 31     The 3rd China Financial Experts Annual Meeting was jointly held in Beijing by China Finance Net, Economic Channel of CCTV and Sohu.com. Industrial Bank was awarded “Top 30 China Competitive Financial Institutions 2006”. Mr. Gao Jianping, the president of Industrial Bank, was awarded “Top People of China Banking Industry 2006”. 

April 16     Industrial Bank won “Innovation Awards for Year of Joint Credit Construction 2006” in 4.16 China Credit Summit Forum 2007.

April     Customer Service Center of Industrial Bank was awarded “Best Call Center of the Year” by China CRM Committee, CFIP.

April 22     “Auto Card”, the credit card for auto fans, was debuted.

May 16     “Lady's Card”, the first co-brand women credit card of Industrial Bank, was launched.

June 5     According to the "Top 100 Chinese Banks 2006" released by the British Magazine, The Banker , in Beijing, Industrial Bank ranked 1st among all the domestic commercial banks in terms of average return on capital and 10th in terms of tier 1 capital and total assets respectively.

June 7     IB Charity Education Fund Kicks off. Industrial Bank donated RMB 10 million to assist outstanding impoverished students in five universities across Fujian province.

June 7     Ground breaking ceremony for Industrial Bank Shanghai Operational Center was officially held in Zhangjiang Bank Card Industrial Park in Shanghai Pudong New District.

June 7     The Financial Times and IFC announced the winners of the 2007 FT Sustainable Banking Awards in London . Industrial Bank achieved runner-up in the Sustainable Deal of the Year category, becoming the first and sole Chinese financial institution to receive the award.

June 13     The cooperation program of “Core Business System for Shandong Dongying Commercial Bank” successfully put into operation. The successful system operation marks Industrial Bank's stage achievement as first commercial bank to export technology management of core business to financial institutions across the country.

July 6      IB held a joint press conference with Shanghai Gold Exchange in Beijing, introducing the first real gold portfolio in China to individual customers.

July     IB made new leaps in the latest chart of Top 1000 World Banks released by the British journal The Banker, ranking 260th (37 positions higher than last year) for tier 1 capital and 145th (19 positions higher than last year) for total assets. Among Chinese banks, IB ranked 10th for the aforesaid two indicators, topped the list of national commercial banks in terms of average rate of return, and ranked 2nd and 3rd respectively when NPL and actual profit growth were considered.

July 30     IB subscribed Memorandum on Further Cooperation of Strategic Alliance with Industrial Securities Co., Ltd and Industrial Fund Management Co., Ltd. in Fuzhou , announcing the birth of the first strategic alliance among three different financial institutions (bank, securities and fund) in China.

July     IB Customer Service Center 95561 was honored "The Best Customer Service Center in China " and "The Best Customer Service Manager in China " in the election event of The Best Customer Services in China 2006-2007.

August 6     IB launched a lecture tour themed "Salute to the 17th CPC National Congress & Intercommunicate with IB Staff" to give lectures to IB branches throughout the country. The purpose of the tour was to understand and explore the construction of corporate culture in IB by facilitating communications at grass-root levels such as corporate culture symposium and employee representative symposium.

August 7     IB Qingdao Branch and IB Dalian Branch were formally opened for business.

August 11     IB won "2007 IPO The Best Investor Relationship Management" award in The Best Investor Relationship Management Awards 2006 cosponsored by China Securities Journal and School of Engineering Management, Nanjing University. Mr. Tang Bin, Secretary of the Board of Directors of IB won the “Respectability and Popularity” award in the event.

August 13     IB's retail credit balance broke RMB100 billion Yuan, making IB the second joint stock commercial bank in China with retail credit balance over RMB100 billion Yuan.

August 24     The number of contracted clients using IB Bank-bank Platform pierced into 100 and reached 102.

September 6     IB subscribed a Global Trade Finance Service Agreement with International Finance Corporation, providing a formal access to global trade financing projects for IB.

September 20      The ceremony of 4 th Robert A. Mundell World Executive Awards was celebrated in Hong Kong . Mr. Gao Jianping, Industrial Bank Chairman, was among the recipients of this prestigious award .

October 19     The first Extraordinary General Meeting of IB in 2007 was convened in Fuzhou to elect members of the 6 th Board of Directors and the 4 th Board of Supervisors.

October     IB's online banking services “CIB Online” won "The Most Innovative Bank Website" award in the 8 th Outstanding Chinese Financial and Security Website Awards sponsored by Securities Times.

November 2     The results of the CBN Financial Brand Ranking 2007 were unveiled in Beijing by the China Business News (CBN). Industrial Bank was honored the “Best Domestic Bank”.

November 6     IB released IB Platinum Credit Card in Shanghai. This was the first platinum credit card themed "Family Care" in China to initiate the concept of “Platinum Life, Prestigious Family”.

November 17    IB released its first department store co-brand credit card in a nationwide range – IB and Grand Ocean Department Store Co-brand Card. The card was simultaneously released in four cities namely Fuzhou, Quanzhou, Wuhan and Wuxi.

November 27    Economic China Forum 2007 & Green Credit Innovation Seminar cosponsored by IB, International Finance Corporation, Resources Conservation and Environmental Protection and Energy Source Institute of NDRC as well as Financial Times were successfully held in Beijing .

December 1     IB held a press conference in Shanghai , announcing the launch of its service brand in institutional business – Bank-bank Platform.

December 8     IB was titled the “4th Best Chinese Corporate Citizen” in the ceremony of the 4th Best Chinese Enterprise Citizen Awards cosponsored by 21st Century Economy News and 21st Century Business Review .

December 15     IB won the title of "Top 10 Commercial Banks Supporting Development of Small & Medium-sized Enterprises" in the 2nd Annual Conference of Chinese Small & Medium-sized Enterprise Owners cosponsored by China Association for Small & Medium Commercial Enterprises, China Society of Private Economy Research and Small & Medium-sized Enterprise Research Center of Chinese Academy of Social Sciences.

December 24     Accumulative number of IB credit cards issued broke through 3 million.

December 28     IB Nanning Branch was formally open for business.

December     IB won “2007 Chinese Online Banking Comprehensive Development” award in the Annual Conference of Chinese Online Banking 2007 & press conference for Chinese Online Banking Investigation 2007 and Online Banking Virus Killer held by China Financial Certification Authority.

December     IB's Mortgage Wizard won "Outstanding Innovative Mortgage Product" award in 2007 Sohu Online Financial Investigation & Year-end election event sponsored by Sohu Business Channel.