Interview with Industrial Bank President Li Renjie
By Zhang Xuejun ( Liaoning Daily)
Updated: 2006-06-23 04:48:31
June 22, signing ceremony for cooperation between Industrial Bank Shenyang branch and eleven city commercial banks including Shenyang Commercial Bank was held in Shenyang city. This move blazed a new trial for all-round financial cooperation between city commercial bank and share-holding commercial bank in Liaoning province. What is the connotation of this bank-bank cooperation? How much can customers benefit from it? What kind of impact it will bring to the local economic development? With all these questions, an interview with Li Renjie, the president of Industrial Bank, was held.
Li Renjie noted that the fundamental idea of this bank-bank cooperation was "Resource Sharing and Service Innovating". Through the financial cooperation, both sides can exert each own advantage and act as financial service agent for each other, by which will result in more express outlets and better integrated financial solutions for customers.
As the strategic partner of city commercial banks in Liaoning province, Industrial Bank will help city commercial banks renovate operating and development idea roundly, improve operational and managerial level and enhance risk-counteractive capacity with its advanced corporate culture and managerial experience, diversified intermediary service products and modern operational artifice. In return, city commercial banks will support the further development and expansion of Industrial Bank by their cross-province outlets and abundant customer resources. This kind of bank-bank cooperation will realize win-win situation for both sides.
Dweller in Shenyang city will be the biggest winner who benefited from this bank-bank cooperation. Li Renjie expressed that after the signing of the cooperative agreement, dwellers in the city could realize cash deposit and withdrawing service over city commercial banks such as Anshan City Commercial Bank and Yingkou City Commercial Bank with IB bankbook; Rose Card holders in Shenyang city could handle deposit and withdrawing business over IB counter in Shanghai, Beijing, etc.,through which would help Rose Card easily cruise in a nationwide range. Similarly, wealth management products from Industrial bank also could be found in local city commercial banks. Through bank-bank cooperation, citizens in Shenyang city will enjoy financial service with further level and broader range.
Li Renjie introduced that Industrial Bank would carry out all-round cooperation with city commercial banks in areas such as management, products and technology besides bank-bank cooperation. For financing aspect, Industrial bank can supply qualified city commercial banks with services including overall line of credit with domestic and foreign currency, inter-bank borrowing, inter-bank lending and credit enhancement; As a professional service supplier for small and medium sized financial institutions, Industrial Bank also can offer commercial banks in Liaoning province capital-structure-optimized and liability-structure-optimized services through capital management by supplementary capital complementarity and equity financing, liability management by financial bonds issuance, and asset management by credit assets transfer and syndicated loan.
During the latest 3 yeas, the information management of Industrial bank had realized the transformation from the ordinary to the excellent. Industrial Bank now can bring into the core business system of commercial banks and take charge of the development, updating, operation and maintenance of core business system of commercial banks. With technological management output from Industrial Bank, city commercial banks will save more time for concentrating on financial area.
This bank-bank cooperation move, with more than 60 city commercial banks getting together in Shenyang city, caused an intensive sensational effect in banking industry. When mentioning the reason why Industrial Bank chose Shenyang city as the site for this nationwide meeting, Li Renjie explained as follow. First of all, with its number and assets quality occupying a leading position nationwidely, city commercial bank was a significant financial force in Liaoning province; Secondly, Liaoning provincial government paid much attention on the construction of credit-sound financial environment and Industrial Bank had achieved zero record of both NPL balance and NPL ratio after four-year operation in Liaoning area; Finally, the more important factor attractive was the god-given opportunities that the revitalizing of Liaoning old industrial base would bring to local economic and financial development.
City commercial banks are local financial institutions that play a non-substitutable key role in the revitalizing of Liaoning old industrial base. By supplying financing facility, capital-structure-optimized and liability-structure-optimized services for city commercial banks across Liaoning province, Industrial Bank can improve efficiently the rigidity indexes such as the capital adequacy ratio of city commercial banks, which will enable city commercial banks to better meet the capital demand caused by local booming economy and fulfill Industrial Bank's positive financial support for local economic development.