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Major Events in 2011
According to the 2011 performance bulletin of IB, in 2011, the bank realized business income of RMB 59.758 billion, a YoY increase of 37.51%; business profit of RMB 33.439 billion, a YoY increase of 39.93%; net profit of RMB 25.510 billion, a YoY increase of 37.74%; primary earnings per share of RMB 2.37, a YoY increase of 30.22%; and the weighted average yield of net assets reached 24.68%.
December 28, 2011 The bank successfully released the first issue of special financial bonds for loans to small enterprises in 2011. These are the first financial bonds specifically for loans to small and mini enterprises in the inter-bank bond market and also the first bonds to be issued after the re-opening of financial bonds of commercial banks.
December 28, 2011 The bank won the “Most Investable Listed Company” at the 5th Annual Meeting of Chinese Institutional Investors and Awarding Ceremony of the Gold Cicada Award.
December 20, 2011 At the appraisal for “the ‘Golden Dragon Award' of the 2011 Gold Medal List of Chinese Financial Institutions” jointly organized by the Financial Times and the Institute of Finance and Banking, Chinese Academy of Social Sciences, the bank was honored as the “Annual Best Joint-stock Commercial Bank” with its good financial performance, distinctive business features and sustainable development model that dares to assume social responsibilities.
December 19, 2011 The bank won the 2011 “Board of Directors Award” at the “10th Chinese Corporate Governance Forum” sponsored by the Shanghai Stock Exchange.
December 4, 2011 The bank won the Best Corporate Citizen Award at the 8th Appraisal of Best Corporate Citizens sponsored by 21st Century Business Herald. It is the fifth time that IB was horned with the award consecutively.
December 3, 2011 The bank was honored as the “Bank with the Best Green Financial Services across Asia in 2011” at the 6th Asian 21st Century Annual Finance Conference and Press Conference for the 2011 Asian Banks Competitiveness Rankings.
December 2011 The bank released the new generation of iPhone and Android mobile banking clients, providing customers with mobile financial services which are more comprehensive, convenient, fashionable and considerate. The new mobile banking clients have further improved the user experience, operation procedure and service functions.
December 2011 The 17th congress of the Contracting Parties to the United Nations Framework Convention on Climate Change (UNFCCC) was held in Durban, South Africa. The bank, as the only financial institution invited by the Ministry of Finance, went to Durban to discuss the future of climate change financing and carbon market jointly with institutions in the industry.
December 2011 Under the active driving of the bank, the first Chinese project following the Equator Principles voluntarily – Jingbian Xilan Liquefied Natural Gas (LNG) Integrated Utilization Project, was implemented successfully in Shaanxi. The success serves as a sign that the Equator Principles which are widely recognized across the world now gain more extensive recognition in China, and it also signifies that Chinese enterprises are shifting from following the Equator Principles in a passive way to seeking risk management based on the principles in an active way and the practice of sustainable finance makes further progress in China.
November 2011 At the appraisal of 2011 competitive financial institutions launched by China Business Journal, the bank won four awards, including “2011 Competitive Financial Institution for Outstanding Performance of Social Responsibility”, “2011 Competitive Bank for Outstanding Risk Control, “2011 Competitive Bank for Outstanding Supply Chain Financial Services”, and “2011 Competitive Bank for Outstanding Financial Services to Small Enterprises”, with its noticeable performance in terms of CSR practice, risk control, supply chain financial services and financial services to small enterprises.
November 2011 The bank ranked 105th among the Global Top 500 Green Enterprises in 2011 released by the well-known US media “Newsweek”, and came in 2nd place among the 32 listed Chinese-funded enterprises from the Chinese Mainland.
November 18, 2011 The bank was awarded the “Award for Best Assets Trust Bank” and the “Best Corporate Internet Banking Award” at the 9th Financial and Economic Honors 2011 sponsored by www.hexun.com.
November 11, 2011 The Award Ceremony for the 7th China Securities Market Annual Conference was held in Beijing, and the bank was awarded the “Golden Tripod Award” for blue chip companies with its excellent business performance and outstanding social contribution.
November 10, 2011 The bank donated another RMB 10 million to set up the “Industrial Bank Charity Grant”, assisting 2000 students in five universities in Fujian Province to complete their schooling.
November 2, 2011 IB Shanghai Branch and the Shanghai Environment and Energy Exchange officially entered into a regional strategic cooperation agreement in the field of carbon trading. Upholding the concept of sustainability, both parties will employ the market-leverage and financing roles of Shanghai as a pilot city for carbon trading and commit themselves to financial innovation and trading services to push forward the development of the low-carbon economy. This is an important landmark for Shanghai to stride toward being the carbon finance center of China.
October 31, 2011 The trade union for organs of the bank won the title “National Model Home for Employees” by the China National Federation of Trade Unions.
October 2011 The new generation of core system of the bank was smoothly brought online. As the most complicated IT system project with the largest scale undertaken since the bank’s founding, the new generation of core business systems brings about brand-new updated software design, hardware equipment, and operational environment, etc., so its running speed, capacity, functional integrity, and flow rationality has gained substantial leaps over the previous version.
September 15 Interbrand, the largest brand consulting company in the world, released the “2011 China's Best Brand Value List” during the 2011 Davos World Economic Forum Summer. Ranking No. 24, the bank boasted a brand value of RMB 6.743 billion, a 50% increase over 2010.
September 2011 The first issue of the non-public directional financing tool of Shaanxi Coal and Chemical Industry Group in 2011 – the first private placement debt financing tool mainly underwritten by the bank, was released successfully and was worth RMB 3 billion.
August 26, 2011 The "Fourth Award Ceremony of China Outstanding Trust Companies and Summit Forum on Wealth Management” sponsored by Securities Times was held in Shenzhen. China Industrial International Trust Limited, a subsidiary fully owned by the bank, won the “Most Influential Trust Company in China 2010” with its good development momentum and outstanding performance since its stock restructuring.
August 2011 The bank entered into a cooperation memorandum with HSBC Rural Bank Company Limited on the agent access to the China modern payment system, to provide the service of agent access to the modern payment system for rural banks that have been established and will be established by HSBC in China in the future.
July 2011 The US magazine “Fortune” released the 2011 Top 500 Chinese Enterprises and the bank ranked No. 84. Among the 40 Chinese companies with the highest profit margins, the bank came in 11th place, ranking No. 4 among the Chinese banks. Among the 40 most profitable Chinese companies, the bank came in the 15th place, ranking No. 9 among the Chinese banks.
July 2011 Industrial Bank and Kunming Fanya Metal Exchange entered into a strategic cooperation agreement in Shanghai, becoming a settlement bank and the first strategic bank partner of the exchange.
July 9, 2011 The 2nd Gold Shield List for Chinese Listed Companies was revealed in Beijing, and the bank was honored as the “Chinese Listed Company with the Best Investor Relations in 2011”.
June 2011 The bank won the “2010 Best Corporate Social Responsibility Institution Award of the China Banking Industry” and “2010 Best Green Finance Award of the China Banking Industry” by the China Banking Association.
June 2011 The bank released the mobile banking iPhone client to further extend the channels for mobile banking services.
June 30, 2011 The British Magazine, The Banker, released the top 1000 banks in 2011 around the world. In the new world ranking list, IB moved up significantly, ranking No. 83 in terms of tier one capital, up 14 places on the previous year; and ranking No. 75 in terms of total assets, up 18 places on the previous year.
June 8, 2011 Union Trust Limited controlled by the bank was officially renamed China Industrial International Trust Limited (Industrial Trust).
May 28, 2011 The bank released “IB-Taobao.com co-branded credit card” in partnership with Taobao.com and Alipay under the Alibaba Group to jointly provide a new generation of online payment services to credit card customers.
April 2011 The carbon asset pledged loan applied for to the bank by Xingyuan hydropower Generation Co., Ltd. of Minhou County, Fuzhou was granted formally, and this was the first credit business in China with future carbon assets as the pledge.
April 2011 The private banking department of the bank was established in Shanghai.
April 22, 2011 The World Earth Day, the public benefit oriented fund, “Low-carbon Happy Life Fund” set up by the IB Credit Card Center, in a centralized way, purchased 1,108 tons of voluntary carbon emission reductions, equivalent to neutralizing the carbon emissions of 8,000 people traveling 1,000 km by air. This shows the active practice of the bank in green finance and our awareness of social responsibility to advocate low carbon and environmental protection.
April 17, 2011 At the awarding ceremony of the 2010 China Financial Marketing Award held in Beijing, the bank-bank platform based rural banking service program of the bank won the Top 10 Financial Products Award.
March 29, 2011 The bank and Hang Seng Bank signed a letter of intent on strategic cooperation in Honk Kong. The two parties will further intensify their friendly partnership, actively drive the in-depth communication and cooperation in the fields of funds accommodation, customer service interaction, financial market business, asset management business, private banking, market research, and risk management, etc., and jointly drive the sustainable and rapid development of economic and trading cooperation between the Chinese Mainland and Hong Kong.
March 22, 2011 The bank held a press conference, announcing to release the Opinions on the Active Implementation of Financial Innovation to Fully Serve the ‘Five Campaigns’ of the Western Straits. With “seven innovations” to respond to the “Five Campaigns” of Fujian, the bank strove to improve its financial productivity and exert the guaranteeing role of finance, comprehensively integrating itself with and working hard for the scientific and leap-frog development of the Western Straits.
February 28, 2011 The “IB Sesame Blooming” SME IPO Program of the bank was honored as a “special financial service product for small enterprises by a financial institution in the Chinese banking industry” at the 2011 Appraisal and Commendation for Financial Services for Small Enterprises held by the China Banking Regulatory Commission.
January 30, 2011 The China Banking Regulatory Commission gave an official reply, approving the Request of Union Trust on Modification of Stock Rights and Stock Rights Restructuring. The bank gained the permission to purchase 51.18% stock rights of Union Trust Limited, thus becoming the third Chinese commercial bank to be approved to control a trust company. This signified a major breakthrough in integrated and group-oriented operations.