The Head Office of Industrial Bank Was Awarded National May Day Labor Award

On April 28th, 2024, the International Labor Day celebration and the commendation ceremony for the National May Day Labor Award and National Worker Pioneer Award took place at the Great Hall of the People in Beijing. The Head Office of Industrial Bank (CIB) was awarded the “National May Day Labor Award”. Lv Jiajin, the Party Secretary and Chairman of CIB attended the awarding meeting and accepted the award.

“National May Day Labor Awards” by the All-China Federation of Trade Unions (ACFTU) aims to exemplary enterprises institutions and government organizations that actively make contributions to developing of Chinese-style modernization. According to the ACFTU, these awards are mainly given to collectives and individuals that cautiously learn and implement Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and the spirit of the 20th National Congress, fast establish a modern industrial system, strengthen scientific and technological innovation, promote the transformation of green development, foster new quality productive forces, and ensure full and strict governance over the Party.

General Secretary Xi Jinping said that developing new quality productive forces is the intrinsic requirement and an important focus of promoting high-quality development. As an important bank in China, CIB has put high-quality development first, working for the politics and for the people. Focusing on the establishment of a modern industrial system led by scientific and technological innovations, CIB has made “Five Major Areas” well, polished “Three Pillars of Our Businesses”, arranged “Five New Tracks”, promoted fast development of new quality productive forces, and created CIB’s path of financial development with Chinese characters.

Focusing on innovation. CIB has established a “Chain Leader Institution” and a “technology flow” credit evaluation system, aiming to build a life-circle service system for scientific and technologic innovation finance in an all-around way to promote the virtuous circle among the “science and technology and industry and finance”. As of the end of 2023, the number of collaborative customers of scientific and technologic innovation finance has reached 69,400, increased by 34.33%, compared to the end of the previous year, helping 4,492 medium and small scientific and technologic innovation enterprises turn into big ones, and serving 11,331 listed and ipo-bound enterprises in the science and technology field. The loan balance of scientific and technologic innovation finance was 453.212 billion yuan, an increase of 31.88%, compared to the end of the previous year.

Supporting industries. CIB has always put its financing services first on creating the modern industrial system. Attaching priorities on advanced manufacturers, CIB deals the relation between serving the new quality productive forces with serving to upgrade traditional industries. On one hand, CIB has led more financial resources allotted to developing strategic emerging industries, and on the other hand, it has promoted the transformation and upgrading of the traditional industries. As of the end of 2023, the loan balance of manufacturers from CIB has reached 728.257 billion yuan, an increase of 24.43%, compared to the end of the previous year. The proportion of enterprise loans of strategic emerging industries has increased by 6.22 percentage points to 12.84%.

Promoting green development. Taking the advantages of green finance, CIB focuses on “reducing carbon emission, reducing pollution, increasing green, and growth” to match green finance with the finance transformation effectively, and continuously polishes its “Green Banking” brand. CIB has formed a diverse and all-round green finance service system including green loans, green bonds, green credits, green lenses, green funds, and green financial products, promoting the establishment of a green and low-carbon circular economy system. As of the end of 2023, the green financing balance of CIB has reached 1.89 trillion yuan, an increase of 16.14% compared to the end of the previous year. The balance of green loans has reached 809.019 billion yuan, continuing to rank first among joint-stock commercial banks, with a growth rate of 26.99%, compared to the end of the previous year. Its ESG evaluation of MSCI has been ungraded to AA level from A level, ranking the top among domestic banks for five consecutive years.

Strengthening the CPC's centralized and unified leadership on financial work is the unique advantage to developing finance with Chinese characters and is the foundation for carrying out financial work. CIB has always made upholding the CPC’s leadership as its “root” and made “strengthening the CPC’s leadership as its “soul”. CIB insists on integrating upholding the CPC’s leadership into its management, promoting crossing posts with members of the Party Committee and of the “two boards, one management (Board of Directors, Supervisory Board, and Senior Management)”, thoroughly upholding the CPC’s leadership while managing CIB. Establishing and improving a “Party building+1+N” evaluation system to promote the integration between Party building and CIB’s running and development, CIB voluntarily bears its responsibilities while implementing the decisions and deployments of the Party Central Committee, and develops CIB itself while focusing on strategic integration points. Improving a “5+N” education system with Party building at its core, implementing two 10-southand-people plans related to science and technology and green finance, CIB has established 3 research entities the Fintech Research Institute, Carbon Finance Research Institute, and Southeast Asia Research Institute to form high-level talent gathering platforms. By improving the inspection work mechanism and establishing a larger supervision pattern, CIB runs the Party strictly and acts cautiously and establishes a clean financial culture that diversifies connotations of CIB’s culture.

Putting people first and satisfying people’s increasing financial needs while leading a happy life is important to financial development with Chinese characters. Industrial Bank adheres to the original aspiration of the people, comprehensively promotes financial convenience and benefits for the people, and insists on working for people’s livelihood in promoting high-quality development. CIB serves for the common prosperities, improving its professional running system for the financial management continuously. At the end of 2023, its financial scale has reached 2.26 trillion yuan, ranking 2nd in the market. Meanwhile, through the CIB Platform for Integrated Banking, CIB has provided more fine products for customers. Focusing on addressing the aging population, CIB has established a comprehensive financial service system for the elderly covering pension finance, finance for elder services, and finance for elder industries. As of the end of 2023, accumulated individual pension accounts have reached 4.2491 million, an 85.42% increase compared to the end of the previous year. Focusing on strengthening consumer rights protection, improving work mechanisms, and improving service quality and efficiency, CIB has been rated A by the People's Bank of China's consumer protection evaluation for three consecutive years. Focusing on bearing social responsibility, CIB has established a charity foundation and donated over 650 million yuan in the past decade. With the Fujian Provincial Federation of Trade Unions, CIB has built a “worker station” and achieved full coverage of 221 branches in Fujian Province.

This year marks the 10th anniversary of General Secretary Xi Jinping personally outlining the grand blueprint for a new Fujian. Rooted in Fujian, CIB serves Fujian by focusing on the grand blueprint of Fujian and its “four bigger aims”. By working across Fujian, CIB serves as the financial main force or pacesetter of Fujian to promote the modernization of Fujian by optimizing financial supplies continuously. As of the end of 2023, the balances of deposits and loans of CIB in Fujian have both exceeded 1.5 trillion yuan, and the balances of credit and non-credit financing have exceeded 2 trillion yuan, ranking first within the industry in Fujian. Accumulated tax payments paid by CIB have exceeded 190 billion yuan and CIB has served 220 thousand enterprises and 13.62 million individuals. CIB has been awarded the “Five-star Banking Institution Serving Fujian” for 2 successive years and has been awarded the “Bank making outstanding contributions to the private and small and medium-sized enterprises”.

A Principal of CIB said that this award means that CIB, providing high-quality services by promoting its development, has been widely recognized. CIB firmly remembers Xi’s concerns and important instructions on CIB while his visiting in Fujian and takes actions to integrate patriotism into unremitting struggle. CIB will encourage its cadres and staff to continuously pursue the hard-working spirit, inherit the excellent tradition of “winning by struggle”, and take “major national concerns” while bearing missions and responsibilities. CIB will firmly follow the path of financial development with Chinese characters, making greater contributions to promoting China-styled modernization by the financial power.