China’s Industrial Bank (CIB) is currently deepening the study and implementation of the spirit of the Eight-Point Decision, driving high-quality development with high-quality Party building, in preparation for the upcoming mid-year work conference. From June 27 to July 2, Lyu Jiajin, Secretary of the Party Committee and Chairman of CIB, led a team to inspect the Beijing Branch, gaining an in-depth understanding of grassroots units’ efforts to implement the spirit of the Eight-Point Decision. The delegation also visited some partners and shareholders to gather suggestions for CIB’s reform and development.
On the morning of July 2, Lyu Jiajin and his delegation came to the Dongcheng Central Sub-branch of Beijing Branch, extending greetings to the staff and learning about the Party building efforts at the sub-branch. Subsequently, Lyu Jiajin chaired a meeting on the thorough implementation of the Eight-Point Decision, where he listened to reports and suggestions from the Beijing Branch regarding self-inspection of issues identified during the study campaign, first-half business performance, and efforts to drive reform and innovation.
Lyu Jiajin emphasized that the spirit of the Eight-Point Decision is the fundamental requirement for managing the Party and governing the country put forward by the Political Bureau of the Central Committee after the 18th National Congress of the Communist Party of China, and is of great and far-reaching significance. The entire bank must deeply understand that implementing the spirit of the Eight-Point Decision is a long-term and serious political task, requiring unremitting and persistent effort. All employees must continuously study relevant documents and policies, accurately grasp their essence, internalize compliance as a political responsibility， strengthen their political commitment to financial work and foster unity and dedication through exemplary conduct.
Lyu Jiajin noted that the Beijing Branch has achieved commendable results in both the study campaign and its first-half business performance, demonstrating how strong Party building and foundational management drive operational success. As the capital’s branch, the Beijing Branch must continue to excel by thoroughly implementing the Eight-Point Decision, strengthening work conduct, and leading high-quality development with high-quality party building.
First, theoretical study must be enhanced to thoroughly implement the Eight-Point Decision. The Beijing Branch, located in the capital city—the “model district”—bears higher standards and stricter requirements. It must continuously strengthen theoretical grounding, strictly implement the “first agenda” system, focus on enhancing political construction, and constantly improve political judgment, comprehension, and execution. With special emotion, responsibility, and mission, the branch should closely integrate the study, publicity, and implementation of General Secretary Xi Jinping’s financial discourse and practical insights in Fujian with the in-depth study and implementation of General Secretary Xi Jinping’s important expositions on financial work, as well as the in-depth study and implementation of General Secretary Xi Jinping’s care and important instructions for CIB. It must strictly implement the spirit of the Eight-Point Decision, effectively prevent and resolve various risks, and fully leverage its role as a benchmark branch in the capital. Second, financial services must prioritize the people, embodying their political and social nature. The branch should integrate the Party’s leadership and development as the root and soul into all aspects of corporate governance, uphold the people-centered value orientation, make safeguarding the fundamental interests of the people and meeting their financial needs its starting point and ultimate goal, actively respond to the people’s expectations, and consciously share development achievements with the general public. The branch should actively explore new paradigms for the symbiotic and prosperous relationship between the economy and finance, fully commit to advancing the “Five Major Topics” in finance, strive to excel on the path of financial development with Chinese characteristics, and make greater contributions on behalf of CIB. Third, problems must be rigorously examined to meet rectification requirements. Strictly aligning with the spirit of the Eight-Point Decision and the head office’s institutional requirements, the branch should thoroughly analyze the root causes of problems and improve rectification measures across mechanisms, performance evaluation systems, staffing, and daily management to ensure the effective implementation of all study and education tasks. The branch must strengthen its internal management and transformation efforts, enhance revenue while reducing expenditures, streamline documents and meetings, and effectively alleviate burdens on grassroots units while empowering them. Fourth, reform and innovation must be deepened to comprehensively strengthen compliance and internal control management. In the process of reform and innovation, the branch should refine incentive and restraint mechanisms, establish a correct performance outlook, and thoroughly study the coordination between front, middle, and back offices. Through systematic thinking, structured arrangements, and refined management, it should strengthen risk prevention and control, promote healthy and stable business development, and cultivate new growth drivers for the bank’s high-quality development.
During the inspection tour, Lyu Jiajin and his delegation visited several partner institutions and shareholders to solicit their service requirements and development expectations for CIB, which helped chart the course and define concrete measures for the bank’s next steps.
Zhang Jianmin, Party Secretary and Director of the State Tobacco Monopoly Administration; Wang Hao, Party Secretary and Chairman of China Export & Credit Insurance Corporation; Li Guoqiang, Party Secretary and Chairman of COFCO Group; He Xiaofeng, Party Secretary and Chairman of Dajia Insurance Group; and Ding Xiangqun, Party Secretary and Chairman of PICC Group shared their respective best practices in supporting the real economy.
All parties unanimously agreed to build upon the existing cooperative foundation by fully leveraging CIB’s differentiated competitive advantages in green finance, investment banking, wealth management, financial markets, and digital finance. They pledged to enhance connectivity, integrate complementary resources, and make joint efforts in cultivating “patient capital,” serving high-standard opening-up, advancing rural revitalization, and safeguarding national food security to better facilitate the development of new quality productive forces. Furthermore, they committed to earnestly practicing the political and people-oriented nature of finance by strengthening support for underserved areas including microfinance and special groups, continuously improving financial accessibility, coverage and precision, promoting sustainable socioeconomic development, and contributing to the modernization drive with Chinese characteristics.
The activity was attended by heads of CIB’s Beijing Branch and relevant departments from the headquarters.