As of June, the scale of public offering fund management of IB Fund, a shareholding subsidiary of our bank, ranked 20th, up by 14 positions over the end of 2015.
On June 30, British magazine The Banker released the latest “Top 1000 World Banks in 2016”. The Industrial Bank (IB) ranked the 32nd place in terms of Tier 1 capital, moving up 4 positions over last year and the 33rd place in terms of total assets, moving up 9 positions over last year and the 2nd place in the top 50 world banks in terms of the cost-income ratio.
On June 29, Industrial Bank Financial Leasing Company, a wholly-owned subsidiary, and Administrative Committee of Tianjin Economic-Technological Development Area held the signing ceremony of memorandum of cooperation. Industrial Bank Financial Leasing Company added a new round of investment of RMB 2 billion, deepened cooperation with Tianjin Economic-Technological Development Area and supported the construction of real economy.
On June 28, as the lead underwriter, IB issued 2016 trust asset backed notes (Stage I) of Jointown Pharmaceutical Group Co., Ltd., the first circular purchase structural asset backed notes in China, with an amount of RMB1 billion.
On June 27, IB Consumer Finance Company, a shareholding subsidiary of our bank, and Hangzhou Xingjian Financial Service Outsourcing Co., Ltd. signed a strategic cooperation agreement to explore Internet consumer finance business and they launched “small pudding loan” products.
On June 24, on the “Release of 2015 CSR Report for Chinese Banking Industry and the Commendation Conference of Corporate Social Responsibility” sponsored by the China Banking Association, our bank won “Annual Best Corporate Social Responsibility Institution Award” for the sixth consecutive year, and another two awards, i.e. “Annual Corporate Social Responsibility Award for Special Outlets” and “Annual Best Management Award of Corporate Social Responsibility”.
On June 23, the opening ceremony of the large-scale public welfare activity - Industrial Bank Chinese Youth International Football Championship 2016 was held in Beijing and our bank became the exclusive title sponsor and the only partner in financial industry from 2016 to 2020.
On June 22, World Brand Lab issued the “China’s Top 500 Most Valuable Brands 2016” where our bank ranked 130th with a brand value of RMB 25.084 billion, up by RMB 4.795 billion over last year and an increase of 834.22% over 2010 when it appeared on the list for the first time. It was the bank with the largest increase at the same period concerning brand value.
On June 22, our bank, together with Boston Consulting Group (BCG), released the comprehensive development report of China’s private banking 2016 - “China Private Banking 2016: Significant Increase and Global Allocation” in Beijing. We have conducted research on and cooperation in private banking for two consecutive years.
On June 17, IB held “Conference on Comprehensive Financial Service of Commercial Bank Group cum Cooperation Between Interbank Platforms 2016” in Putian city. At the conference, IB’s interbank platform revealed its strategic blueprint of “financial service supports payment and settlement, wealth management platform and asset transaction” and put forward a plan to create an international interbank platform.
On June 16, Visual Credit Machine (VCM) of IB Consumer Finance Company, a shareholding subsidiary of our bank, was put into use.
On June 12, IB registered China’s first green private placement note for Tus-Holdings Co., Ltd. and planned to raise a fund of RMB 0.15 billion for extension and reconstruction project (stage II) of Tianjin Beichen Dashuang Sewage Treatment Plant.
IB Fund, a shareholding subsidiary of our bank, was active in asset securitization of provident fund loan. As of the end of May, the company undertook six businesses out of nine asset securitization of provident fund loan issued in the market, with a scale of fundraising of 3.7 billion. It ranked first in the industry in terms of number and scale.
In May, IB launched “Honest and Easy Loan” toward small and micro companies that offer high-quality and easily realizable real estate mortgage and are in need of support from short and middle-term credit.
On May 27, IB Trust, a shareholding subsidiary of our bank, in cooperation with Bank of China, released the first Zhongyu non-performing assets backed securities 2016, the first non-performing assets backed securities in national interbank bond market after the pilots had been restarted. The scale of issuance was RMB 0.301 billion.
On May 26, our bank was ranked 59th in 2016 Forbes Global 2000, and was ranked 13th among all Chinese enterprises on the list, up by 14 positions over last year.
On May 26, the S&P Global Market Intelligence released the latest global bank rankings. The Industrial Bank with total assets of $ 815.85 billion ranked No.35 in the list, moving up 5 positions over last year and strengthening its position among the top 50 global banks.
On May 17th, IB, in cooperation with Industrial Futures, a member of the group, with standard warehouse warrant of Shanghai Futures Exchange to be received upon delivery as mortgage, launched China’s first “pledge and credit extension of hedging standard warehouse warrant to be received upon delivery” business in Shanghai.
On May 12, IB together with Shengjingtong Co., Ltd. launched Xing Power credit card integrated with Shengjingtong subway bus application function in Shenyang.
On May 11, the registered capital of IB Fund, a shareholding subsidiary of our bank, increased to RMB 0.7 billion from RMB 0.5 billion.
On May 10, IB Fund, a shareholding subsidiary of our bank, got “2015 Golden Fund-Growth Fund Management Company Award in “Golden Fund” Award Appraisal sponsored by Shanghai Securities News.
On May 9, IB held the "Governmental Institution and Banking Enterprise Matchmaking and Financing Fair for Water Resource Utilization and Protection" (the Fair) in Jinan. It signed strategic cooperation agreements with an array of leader enterprises in water resource utilization and protection including Shandong Water Development Group Co., Ltd. and Shanghai Safbon Water Service Co., Ltd., in order to build a cooperation platform of environment protection for banks and enterprises and facilitate water protection and pollution prevention.
On May 5, IB held “Key Project Promotion Event to ‘Fill the Gap’ of Fujian” in Fuzhou and planned to add another 50 billion yuan to support the “fill the gap” key projects during the years covered by the thirteenth “Five Year Plan”.
On May 1, IB successfully completed the preparation of replacing the business tax with a value-added tax and issued invoices especially for value-added tax. It becomes one of the two Chinese banks that are capable of issuing value-added tax invoices by directly linking the value-added tax management system with the production system. As of June 30, IB had totally issued 664 invoices specially for value-added tax with the total invoiced amount of RMB 142 million, resulting to RMB 16.52 million of total deducted taxes from input items enjoyed by enterprise clients.
In April, IB won two awards, namely, “2016 Best Investment Bank (in the Banking Industry) in China” and “2016 Best Financial Advisor Bank in China”, in the tenth session of “Excellent Investment Banks Appraisal in China” sponsored by Securities Times.
On April 27, IB released the annual report of 2015 and the report of the first quarter of 2016. By the end of 2015, the total assets of IB had reached RMB 5298.88 billion, up by 20.25% compared with the beginning of the year; the net profit had reached RMB 50.207 billion, up by 6.51% on a YOY basis. For the first quarter of 2016, the total assets reached RMB 5470.783 billion and the net profit reached RMB 15.7 billion, with the YOY increase of 6.15%.
On April 25th, IB, as the lead underwriter, assisted Xiamen Airlines in registering ultra short-term financing bonds of RMB 10 billion with the first issuance of RMB 2 billion in the interbank bond market, and saved interest expenses of RMB 11.18 million for Xiamen Airlines during the duration of bonds.
On April 25th, PY Standard released the report of bank wealth management capacity in the first quarter of 2014 and our bank was ranked No. 1 in terms of comprehensive wealth management capacity again.
From April 16 to 17, IB successfully upgraded and launched its core business system (V3 project), nearly 9 hours ahead of schedule. The processing capacity of IB's core business system will leap from 10 million transactions to 100 million transactions per single day.
On April 11, Shanghai Clearing House announced the Outstanding Member of the Year 2015 in “Central Counterparty Clearing” and “Registration and Custody Settlement Business” Appraisal. IB exclusively won the “Special Achievement Award of RMB Interest Rate Swap and Agent Business”, and once again won the Outstanding Clearing Member Award and Excellence Award of issuance business, and also got the “Excellence Award of Central Counterparty Clearing of Interest Rate Financial Derivatives”.
On April 11, IB publicly issued secondary capital debentures of RMB 30 billion which became secondary capital debentures of commercial banks with the largest single scale in the interbank market since four quarters in 2015.
On April 8, in the “Award of the Year in the Second Session of China Asset securitization Forum” Appraisal co-sponsored by China Asset securitization Forum and PBC School of Finance, IB’s stage III and stage IV credit asset securitization projects of 2015 won the “Top Ten Transaction of Credit Asset Securitization Award” and “Xingqian” series housing provident fund asset securitization projects won the “Top Ten Transaction of Enterprise Asset Securitization Award”.
On April 8, IB concluded the first interest rate swap transaction with DBS Shanghai Branch through FTZ trade system of China Foreign Exchange Trade Center. It marks the ice breaking of Chinese interest rate swap market in the free trade zone.
On April 5, IB released “IB Butler”, a corporate mobile payment product. It combines account management, financial audit, transfer and remittance, password creation, account inquiry and mobile office, helping enterprises improve efficiency and lower costs.
On April 1, IB announced that the handling fee for transfer and remittance via its electronic channels (Internet banking, phone banking App, WeChat banking etc.) will be waived for individual clients.
In April, national interbank lending center released the result of interbank local currency market appraisal 2015, IB was granted Strongest Market Influence Award, Currency Market Innovation Award, Best Transaction of Derivatives and Outstanding Contribution to Negotiable Certificate of Deposit.