On the morning of November 1st, IB held a plenary session of the Party Committee to convey and study the spirit of the Central Financial Work Conference, discussing preliminary implementation plans. The meeting, chaired by IB’s Party Secretary and Chairman Lu Jiajin, was attended by Deputy Party Secretary and President Chen Xinjian, other committee members, and heads of relevant departments.
The meeting noted the significance of the Central Financial Work Conference, held at a pivotal point in China’s modernization journey and following the 20th National Congress of the Communist Party of China. General Secretary Xi Jinping’s important speech addressed major theoretical and practical issues in financial development, providing fundamental guidance and action plans for promoting high-quality financial development in the new era. All levels of the bank are urged to diligently study, accurately comprehend, and conscientiously implement these directives, aligning thoughts and actions with the central government’s decisions and effectively translating the conference’s spirit into strategic formulation, development promotion, and practical actions.
The meeting emphasized recognizing the achievements in financial work since the 18th National Congress, accurately grasping the current situation and challenges of high-quality financial development, and adhering to Xi Jinping's Thoughts on Socialism with Chinese Characteristics for a New Era. The bank aims to integrate the learning and implementation of the Central Financial Work Conference’s spirit with the principles of the 20th National Congress, fully and accurately implementing the new development concepts, deeply embracing the “eight adherences,” and practicing the political and people-centric nature of financial work. To build a strong financial nation and theme of high-quality financial development, IB will focus on deepening supply-side structural reforms in finance, supporting the purity, professionalism, and combat effectiveness of the financial team, prioritizing risk prevention and resolution, maintaining stable progress, coordinating development and security, continuously enhancing the modern financial service system with Chinese characteristics, and meeting the growing financial needs of economic and social development and the people. In this endeavor, IB is committed to writing its own chapter in the story of China’s unique path in finance.
The meeting emphasized the need to elevate our political stance, embracing a broader vision for “major national concerns” and strengthening our sense of mission. It urged us to more consciously position and strategize the overall development of the bank within the grand scheme of accelerating the construction of a financially robust nation and promoting high-quality financial development. There is an imperative to expedite the establishment of a first-class, modernized commercial bank, leveraging high-quality financial services to support the nation-building and rejuvenation of the Chinese nation. The primary task is to firmly grasp the essence of high-quality development. Focusing on the needs of economic growth and the aspirations of the people, we must continue to deepen financial supply-side structural reforms. This involves guiding more financial resources to enhance technological innovation, advanced manufacturing, green development, and SMEs. There is a strong commitment to supporting the implementation of innovation-driven and regionally coordinated development strategies, providing robust financial guarantees for national food and energy security. We aim to integrate and advance the five major sectors – technology finance, green finance, inclusive finance, pension finance, digital finance – and the “Five New Tracks” organically, thereby reshaping our balance sheet and continuously creating new dynamics and advantages for high-quality development. To accelerate the construction of a modern commercial bank, we are committed to effectively utilizing the theoretical outcomes of the “Eight Adherences” in financial reform and development. We will fully implement the comprehensive and accurate principles of the “Two Unswervings,” continually enhance the modernization of our governance system and capabilities, and align with the unique positioning of a systematically important bank. Embracing a broader perspective and greater responsibilities, we will steadfastly serve as the main force in supporting the real economy and a ballast for financial stability, unwaveringly pursuing a path of distinctive and differentiated development. In terms of deepening financial reform and opening up, we will continue to consolidate the achievements of systemic reforms, advance the implementation of supporting mechanisms, and use Hong Kong as a base to perfect our overseas institutional layout. We are committed to strengthening the Southeast Asia Research Institute, steadily progressing the upgrade of our London representative office to a full-fledged branch, and taking new steps in our internationalization process. To effectively prevent and resolve risks, it is crucial to balance development and safety, continuously solidify the foundation, drive the transformation of the real estate business towards new development models, and accelerate the transformation of local platform operations. By leveraging the advantages of interbank cooperation, we aim to enhance the risk-prevention capabilities of small and medium-sized financial institutions. This involves a comprehensive approach to managing traditional risks and responding to emerging risks, as well as addressing existing risks while preventing new ones, firmly guarding against systemic financial risks. The bank is committed to upholding the leadership of the Communist Party and strengthening party building. We adhere to high standards in political integrity, capability, and work style, striving to cultivate a team of loyal, clean, and responsible high-quality professional cadres. We are deeply committed to the comprehensive and strict governance of the party and its discipline, continuously refining the “Party Building + 1 + N” evaluation system. We aim to establish a comprehensive supervisory framework that integrates discipline inspection, auditing, risk management, and compliance, continuously enhancing the intensity and precision of accountability. Adhering to principles of honesty, integrity, prudence, innovation, and compliance with the law, we seek to further expand and enrich the culture of IB, guided by high-quality party building for high-quality development.
The meeting emphasized the need to use the spirit of the Central Financial Work Conference as a guide, coordinate all tasks at the end of the year and the beginning of the next, and scientifically plan work goals and strategies for the upcoming year. Transforming learning achievements into development directions, concrete work measures, and maintaining confidence and determination are essential. We are motivated to end the year strong and lay a solid foundation for the next year’s start.