With a number of advantages in the field of custody service, such as high specialization, fast market response, deep understanding of new products, and timely system development response, the assets custody business of Industrial Bank (IB) has witnessed sustained scale growth, and has won the “Custody Bank with the Best Cooperation Value” at 2012 CBN Financial Value Ranking (CFV), defended the “Best Custody Bank 2012” at the 10 th Financial and Economic Honors 2012 of Hexun.com, and the “Annual Bank with Outstanding Custody Service” at the 2011-2012 China Outstanding Finance Prize of Economic Observer Newspaper, etc.
In recent years, with the reform and change of direct financing market and rocketing development of wealth management market, the position and role of assets custody business has become increasingly prominent, becoming a new blue sea competed by commercial banks. As one of the top 10 Chinese banks, IB has committed itself to building a professional custody bank in recent years and achieved great success in keeping developing business and product innovation, diversifying and completing business categories, and improving the specialization of custody services.
By the end of September 2012, the online custody products under the assets custody business of IB have hit 4,302, and the assets custody scale reaches RMB 1,263.753 billion, up by 102.84% over the beginning of this year. And the incomes of handling charges for custody registered RMB 969 million. The bank ranked No.1 among similar joint-stock commercial banks in terms of the three key business indexes.
With a number of advantages in the field of custody service, such as high specialization, fast market response, deep understanding of new products, and timely system development response, the assets custody business of IB has witnessed sustained scale growth, and has won the “Custody Bank with the Best Cooperation Value” at 2012 CBN Financial Value Ranking (CFV), defended the “Best Custody Bank 2012” at the 10th Financial and Economic Honors 2012 of Hexun.com, and the “Annual Bank with Outstanding Custody Service” at the 2011-2012 China Outstanding Finance Prize of Economic Observer Newspaper, etc.
Launched its assets custody business in 2005, IB has, relying on the general background with domestic financial market being in fast development, seized opportunities and grasped the development and changes in market environment, customers' demands and regulatory policies, keeping making innovation and extending its business scope gradually. Recently, the bank obtained the qualification for QFII business custody, which further enriches and completes the categories of assets custody business of the bank and opens a new path for it to improve its custody service capability. Up till now, the categories of assets custody business provided by IB have gradually extended from the original securities and investment fund custody to a variety of areas such as segregated fund account, trust plan, securities assets management plan, specific assets management for securities, insurance capital, QDII, custody of equity investment fund, third-party payment, banking wealth management product, and QFII, and reached both domestic and international markets. With the scale of assets under its custody increasing by 176 times over the initial stage, the assets custody business of IB has taken the lead to: launch the custody of collection funds trust plan; introduce the trust plan into banking wealth management product; launch the specific assets management for brokerage firms; launch the gold trust plan, successfully connecting the traditional gold agency sale to the trust business; release the “Dazongbao” trust product to solve the issue regarding the keeping of pledge for equity financing based trust plan; release the model of “TFOT”, solving the issue of trust evaluation successfully; release the trust product taking the private placement debts of small-sized enterprises as the subject, successfully solving the issue regarding the financing platform for the private placement debts of small-sized enterprises. With such a range of innovative measures, the assets trust business of IB has witness fast development among the increasingly furious market competition.
Meanwhile, with years of business exploration, the bank has established a concentrated risk management and control model matching its operation model of assets custody business. In this way, the requirements for risk control can be effectively implemented during the whole course of custody business.
IB indicates that, next, it will intensify its exploration in the front-line areas of trust, direct investment in insurance and automatic investment in securities to expand cooperation with customers, keep developing new business fields and consolidating the basic service platform, further reinforce innovation in custody service, deepen the construction of system platform, and fully improve the all-course integrated service level of custody service covering the front, middle and back stages, so as to further improve the specialization of custody service.