On September 24, on “2016 China Bankers Forum” cum Award Ceremony of Competitiveness Ranking for Commercial Banks in China sponsored by The Banker, IB ranked fourth regarding accounting assessment of national commercial banks and was granted “Best Wealth Management Bank” award.
On September 22, IB Financial Leasing Company, a wholly-owned subsidiary of IB, received “Innovation Award” of the 4th China Air Finance “Wan Hoo” Awards.
On September 21, the Wealth APAC Forum cum 2016 International Private Wealth Management &China “Golden Award” Ceremony was held in Shanghai, and IB won “Best Private Bank in China-Outstanding Innovation Award”.
On September 12, based on free trade accounts of Shanghai Free Trade Zone, IB completed the overseas issuance of USD CD (Certificate of Deposit) with a total of $50 million and a valid term of 3 months, marking that the first USD CD (Certificate of Deposit) of deposit financial institutions in China’s Free Trade Zone was launched in international financial market.
On September 8, Fujian Investment & Development Group Co., Ltd. succeeded in issuing its ultra short-term financing bonds (Stage III), the first DFI business in Fujian province underwritten by IB. This issue lasts for 270 days with a total amount of RMB 1 billion, a coupon rate of 2.76% and the lowest price among regional state-owned enterprises with same rating and same period concerning short-term financing bonds.
On September 7, IB issued green wealth management products designed for individual investors—“WLB-Green Finance” wealth management products with a valid term of 5 years. Purchase application and redemption will open every three months (an investment period). With capital mainly invested in green environmental protection projects and green bonds, these products have a reference annualized net rate of return of 4.0% in the first investment period.
On September 7, IB Trust and IB Financial Leasing, subsidiaries of IB, succeeded in issuing “the first Jinxin leasing assets backed securities 2016” with a scale of RMB 2.156 billion and the subscription was 4.18 times the scale of issuance.
On September 7, the first Zhongyu non-performing assets backed securities 2016 issued by IB Trust, a shareholding subsidiary of our bank got “most recognized innovative product” in “2016 Asset Securitization· Jiefu Award” Appraisal sponsored by caishiV.
On September 7, IB started global roadshow for the first overseas bonds. On September 21, it completed the first issuance of $1 billion, setting several records as overseas bonds of Chinese-capital shareholding bank with the largest scale, the largest oversubscription number, the lowest interest rate and the lowest premium.
On September 6, sponsored by eight institutions including Green Finance Specialized Committee of China Finance Society, UN Environment Programme, International Capital Market Association and IB, International Green Finance Forum was held in Shanghai. On one hand, it showed the development of green finance in China and on the other hand, it raised awareness of green finance in G20 and fueled international exchanges and cooperation in green finance. Yi Gang, deputy governor of the People’s Bank of China, Erik Solhiem, UN Deputy Secretary-General and Executive Director of UN Environment Program, Barbara Woodward, British ambassador to China, Per Bolund, Minister for Financial Markets and Consumer Affairs attended the forum and made speeches, and Tao Yiping, the governor of IB and representative of leading banks in green finance in China, made a keynote speech.
On September 5, A Decade’s Exploration of Green Finance, a piece of news report on an interview with Gao Jianping, the Chairman of our bank, was published in China Business News. It shared our bank’s experience in taking the lead to develop green finance and taking into account both public welfare and commerce, analyzed the prospects and space for development of green financial market in China and revealed the future blueprint for IB’s green finance.
On September 5, as one of the largest investors, IB participated in setting up Guohua Military-Civilian Integration Development Fund in Beijing with an initial scale of RMB 30.2 billion mainly invested in military industry and relevant industries as well as other strategic emerging industries.
On September 5, IB signed a strategic cooperation agreement with Shenzhen Grandland Investment Holding Co., Ltd. in Shenzhen, provided RMB 10 billion for Grandland Holding and its holding companies and subsidiaries and all-round financial services covering local and foreign currency as well as domestic and overseas businesses, and advanced transformation and upgrade of traditional industries.
On September 1, “Happiness Stage I Charitable Trust Scheme” of IB Trust, a shareholding subsidiary of our bank, was kept on file and was among the first batch of charitable trusts in China after the Charity Law came into force.
In September, the function of “searching nearby outlets” was available in “Money Manager”APP, enabling users to search nearby outlets and outlets under 800 cooperative banks on interbank platform.
In September, according to the latest annual index report released by Hang Seng Indexes Company Limited, IB was covered into constituent stocks of “Hang Seng (China A) Corporate Sustainability Benchmark Index” for the seventh consecutive year.
In September, IB offered disaster relief loan of RMB 400 million to Yanbian Korean Autonomous Prefecture struck by Typhoon Lionrock, assisting victims in rebuilding their homeland and resuming normal production and life.
On August 30th, “mobile smart hospital” platform created by IB for Maternity and Child Health Care Hospital in Weifang city was officially launched. So far, IB has launched 100 smart hospitals in 19 provinces and cities nationwide. Among them, more than half are first-class hospitals and above, benefiting a million people.
On August 29th, IB announced the semiannual performance report 2016. As of late June, its total asset had ranked first among shareholding banks of the same type with RMB 5.71 trillion, up by 7.75% over the beginning of this year; the net profit was RMB 29.441 billion with a YOY growth of 6.12%, ranking second among shareholding banks of the same type.
On August 18, IB and Hana Bank (China) signed Interbank Platform Wealth Management Portal Cooperation Agreement and Interbank Platform OTC Agency Settlement Cooperation Agreement.
On August 11, IB held the 60th regular press conference of the banking industry with a theme of “Continue to Stride Forward After a Decade’s Exploration of Green Finance” in Beijing and introduced its development of green finance over the past decade, some achievements and future development plan of green finance group to 38 media from home and abroad.
On August 9, Fujian Exchange and Clearing Center Co., Ltd., established by IB Trust, a shareholding subsidiary of our bank, convened a meeting in Fuzhou.
In August, approved by Fujian Provincial Government and co-initiated by Fujian Provincial Department of Finance and IB, Fujian Province’s Public-Private Partnership (PPP) Earmarked Fund was established with a scale of RMB 20 billion and a valid term of 10 years. It focuses on PPP projects that are included in the Fujian Provincial PPP Projects Bank with financial capacity already demonstrated.
On July 29, a private offering plan was approved by board of directors of IB. IB proposed to raise capital of no more than RMB 26 billion in total from six institutions including Fujian Provincial Department of Finance, China National Tobacco Corporation, Yango Holding Co., ltd. and Fujian Investment & Development Group through private offering. On August 15, IB convened the first extraordinary shareholders’ general meeting 2016 in which the private offering plan was approved by the affirmative votes of more than 98% of the total.
On July 28, the signing ceremony for “Internet Finance Union of Commercial Banks”, co-initiated by 12 national stock-holding commercial banks including IB, was held in Beijing in which members of the union officially signed the account interconnection cooperation agreement for commercial banks. Online interbank transfer between members of the union was free and the involved parties would create more secure accounts and provide more innovative financial services for clients through system interconnection, mutual recognition of accounts and capital interconnection.
On July 20, US magazine Fortune released the “2016 Fortune Global 500” on which IB ranked 195th with business revenue of $46.4464 billion, up by 76 positions over last year. As the fastest growing bank on the list, it was also listed into “Fortune Global 500 with Highest Profit” with a profit of $7.989 billion.
On July 19, IB Consumer Finance Company, a shareholding subsidiary of our bank, signed a strategic cooperation agreement with UnionPay Merchant Services Co., Ltd. in Shanghai, becoming the first consumer finance company in full cooperation with large-scale third party payment agency in China.
On July 15, “China Trust Industry Development Summit 2016” cum the Ninth Session of Award Ceremony of China Excellent Trust Company Appraisal was held in Shanghai. IB Trust, a shareholding subsidiary of IB, got “Excellent Trust Company in China” for the fourth consecutive year. Meanwhile, “IB Trust· Guangsha Property Right Trust No.1” issued by the company gained “Excellent Innovative Trust Plan”.
On July 8, IB joined hands with Fujian Provincial Bureau of Finance to set up “Fujian Enterprise Technology Upgrade Investment Fund (limited partnership)”. With an initial scale of RMB 8 billion and a valid term of 10 years, the fund launched the first batch of technology upgrade investment projects on August 2 and offered financing of RMB 60 million for CPTF Optronics Co., Ltd. and SCC New Materials Company.
On July 7, on the fourth comprehensive appraisal of banks organized by Sina Finance, IB was granted three awards, i.e. “Most Influential Bank”, “Best Wealth Management” and “Most Popular Direct Banking”.
On July 5, IB and Dalian Municipal Government signed Memorandum of Strategic Cooperation to Vigorously Develop Green Finance and Advance Sustainable Development of Industries, Environment and Economy in Dalian. Both sides would enhance cooperation in the establishment of carbon emission rights trading platform, earmarked funds and risk control, and provide no less than RMB 50 billion to finance key construction fields and major projects in Dalian during the 13th Five-Year Plan.