Development Strategy of Industrial Bank (2021-2025)
The "14th Five-Year Plan" period is the first five years since our country has realized the first centenary goal—building a moderately prosperous society in all respects, and embarking on a new journey, and marching toward the second centenary goal. Our country has entered a new stage of high-quality development and is speeding up the construction of a new development paradigm featuring dual circulation, in which domestic and overseas markets reinforce each other, with the domestic market as the mainstay. Facing a more complex external environment, more standardized regulatory requirements, and a more heated market competition, Industrial Bank (IB) will keep in mind its original aspiration and mission of "exploring new paths for financial reform and making more contributions to economic construction", take advantage of the important period of strategic opportunity for development, follow the general requirements for promoting high-quality development and building a value bank, aim at serving the real economy, with financial technology as the core driving force, comprehensively promoting the deepening of the "1234" strategy, and intensifying efforts to enhance where we are at an advantage, improve where we are falling short, strengthen the foundation and boost driving force. In doing so, the company can promote the transformation of the bank's business philosophy from product-driven to client-driven, the business model from high-speed growth to high-quality development, and from a large-scale bank to a value bank.
Adhere to the "1234" strategy and make unremitting efforts. Following the transformation direction of "light assets, light capital, and high efficiency", staying confident about the development of "commercial bank + investment bank", taking the ultimate client experience as the core goal, strong financial technology as the driving engine, IB will continue to strengthen the smart core as a"settlement-based, investment-based, and transaction-based" bank, comprehensively enhance the value contribution of "key branches, key industries, key clients, and key products", and strive to build a first-class bank with clear strategic objectives, distinctive operating characteristics, outstanding professional capabilities, leading technological innovation, and strong comprehensive strength, and move forward to the great goal of "first-class bank, everlasting IB".
Promote the three major brands of Green Bank, Wealth Bank, and Investment Bank. In terms of green banking, IB is committed to becoming a leader of the entire industry in practicing the philosophy of sustainable development, maintaining the best of the domestic banking industry in international mainstream ESG evaluation, practicing ESG concepts, and striving to expand the green finance system in accordance with the positioning of the first-class green financial integrated service provider in the entire market, to fully occupy the commanding heights of carbon finance. Regarding the wealth bank, aiming at the first-class wealth management bank in the whole market, IB will create a more open investment ecosystem, serve the needs of all types of clients for all-round and full-cycle asset allocation with resources of the whole market, and establish a reputation as “the best choice for financial management”. In terms of the investment bank, the company is committed to becoming a first-class resource integrator in the entire market. IB will continue to promote the construction of an investment banking ecosystem, make full use of market resources to build a light investment bank, serve more scientific and technological innovation companies, strategic emerging industries, and advanced manufacturing companies, and help the establishment of a high-level supply system.
Digital transformation runs through the whole process. Driving change and innovation according to client needs, the company promotes the organic integration of bank business philosophy and digital business logic from top-level strategy to ecological structure and infrastructure. We will develop a systematic action plan for digital transformation, to strengthen the overall promotion of the group from top to bottom, and encourage primary level reform and innovation from bottom to top. We will put financial technology in a more important position, strengthen the three major middleground support of business, data, and technology, and focus on the journey of clients, to promote more efficient operation and management and more inclusive financial services.