On December 13, (the 14th) Annual Meeting for Competitiveness of Chinese Businesses 2016 cum Finance Summit organized by China Business Journal was staged in Beijing. As one of bank groups with the most financial licenses in China, IB steadily pushes forward market-oriented, integrated, group and international development, motivates transformation and innovation, ranks first in terms of assets of shareholding banks, and becomes the leader in the industry concerning profitability. It got two awards, namely, “Financial Holdings Group with Outstanding Competitiveness” and “Stock-holding Commercial Bank with Outstanding Competitiveness”.
As an active exploiter of China’s comprehensive finance, in recent years, IB expedites comprehensive and group operation layout. Since founding the first wholly-owned subsidiary—IB Financial Leasing Company in 2010, it set up IB Trust, IB Fund, IB Consumer Finance Company, Industrial Research Company and Industrial Bank Digital Finance Information Service in succession, and transformed itself into a leading modern comprehensive financial service group with extraordinary abilities for comprehensive financial service that holds multifarious licenses including bank, trust, financial leasing, fund, consumer finance, futures, asset management, research and consulting and digital finance.
While improving group layout, IB attaches importance to giving full play to advantages of comprehensive operation, relies on various licenses and platform resources, consolidates group collaborative linkage, strengthens crossover linkage and collaborative development among different entities and business functions, and transforms “single-based business” to “group-based business”.
Take green finance as an example, IB makes continuous innovations in green financial service. In addition to the rational use of traditional credit instruments, the bank also gives full play to advantages of comprehensive operation, and offers environmental finance clients financing services via leasing, trust, debt financing tools and other diversified financial products. At present, financing provided by leasing, trust and other non-credit ways accounts for nearly 50% of the financing balance of environmental finance. It has formed a complete and multifarious green product service system covering green financing, green leasing, green trust, green fund, green investment and green consumption, and works to be a supplier of comprehensive green financial service.
In terms of transformation of “light asset and high efficiency”, IB persists in advancing construction of “big investment bank, big capital management and big wealth” business system, and continues to enhance multi-market operation capacity. On one hand, it embraces changes in financing structure, actively links multiple markets covering credit, currency, bonds, stock right, derivatives and bulk commodities, and brings more diversified and personalized financing services for clients through linkage among various markets. Apart from traditional credit, IB’s lead underwriting of debt financing tools to non-financial enterprises has accumulatively exceeded RMB 1.7 trillion, ranking first among shareholding banks of the same type for three consecutive years, i.e. from 2012 to the first three quarters of this year. While debt financing businesses for non-financial enterprises are accelerated, innovative financing businesses, such as direct financing tool for wealth management, asset securitization, M&A loan, financial consultation and industrial fund, also thrive. IB enjoys many firsts regarding business innovations. On the other hand, IB goes with changes in clients’ asset allocation, energetically develops “big capital management and big wealth” businesses, progresses from attainment of basis asset, product design, investment operation, channel exploitation and background service, builds “big wealth”, “big capital management” business chains, and forms new pillar business and source of profit. By the end of September, scale of asset management entrusted to IB has reached RMB 2.8 trillion and scale of custody asset has reached RMB 8.3 trillion, both in the forefront among banks of the same type.
By virtue of strategies of comprehensive and group development, all subsidiaries of IB maintains the surge with increasing industrial positions and profit contributions to the group. During the first three quarters of this year, balance of bank-trust linkage business within the group was RMB 223.6 billion, balance of bank-fund linkage was RMB 192.1 billion and balance of bank-leasing linkage was RMB 91.4 billion. Total net profit of all its subsidiaries ran up to RMB 2 billion with a YOY growth of 16%; contributions to net profit of the group occupied 4.55% with a YOY growth of 0.6 percentage point; total retained revenue of intermediate business within the group by all linkage businesses was RMB 1.975 billion. IB Trust, IB Financial Leasing, IB Fund and other subsidiaries were among the best in the industry, scale of asset of IB Trust ranked third in the industry and got ““Excellent Trust Company in China” for many consecutive years, and Industrial Futures, a subsidiary of IB, received “Highest Potential Futures Company in China”; IB Financial Leasing Company was among top ten in the industry in terms of scale of asset and net profit, green leasing outshone others and chairman Zheng Changmei was appraised as “Leader of Financing Leasing 2016” by authoritative media; investment performance of IB’s “Ju” series mixed funds was among top three of funds of same type this year; IB Consumer Finance Company has accumulatively provided personal consumption loans of nearly RMB 10 billion over the past two years since its inception; Industrial Research Company that got “Best New Research Institution” successfully made several research results, and recently it signed service agreements with 9 small and medium-sized banks, deepening market-oriented operation and attracting influential analysts.