Industrial Bank

Industrial Bank Co., Ltd. (hereinafter referred to as "Industrial Bank") was founded in 1988 at the forefront of China's reform and opening-up — Fuzhou, Fujian Province. It was listed on the Shanghai Stock Exchange in 2007. As one of the first joint-stock commercial banks approved by the State Council and the People's Bank of China, it has developed into a modern comprehensive financial services group that spans domestic and overseas operations, integrates online and offline services, and covers trusts, leasing, funds, wealth management, futures, asset management, research consulting, digital finance, and more. It firmly ranks among the world's top 30 banks and the Fortune Global 500.
Since its establishment, Industrial Bank has always kept in mind its original aspiration and mission of "exploring ways for financial reform and contributing more to economic construction," adhered to a customer-centric approach, adopted market-oriented and differentiated operations, resonated with China's economy, seized trends, and innovated boldly, continuously opening market blue oceans in the era of reform and opening-up. Through its own reform and innovation, it has explored new models for serving the real economy: actively exploring innovations in financing instruments such as bonds, trusts, leasing, and asset securitization among domestic peers, and leading the development of emerging businesses such as investment banking, asset management, asset custody, and FICC; pioneering interbank finance by building the bank-to-bank platform, and striving from the vast interbank "friend circle" to explore and build a new open banking ecosystem. As the first Equator Bank in China, it took the lead in elevating sustainable development to the level of corporate strategy and corporate governance, and made green finance a core business of the Group's strategy. It has gradually built a group-wide, multi-level, and comprehensive green financial product and service system, and, with green finance as its starting point, created a social responsibility practice model of "embedding righteousness in profit." It has been rated A in MSCI's global ESG* high rating for two consecutive years...
In recent years, focusing on building a value bank and promoting high-quality development, Industrial Bank has maintained the strategic focus of "1234" amid changes in the situation, solidly built the "three ecosystems" of scenario, investment, and investment banking, strengthened the "four empowerments" of technology, risk control, research, and collaboration, and promoted the transformation of "commercial bank + investment bank" to take root and achieve remarkable results. Scale, quality, and efficiency have improved simultaneously. As of the end of 2020, total assets and total liabilities both achieved double-digit growth, with total assets of 7.89 trillion yuan, up 10.47% year-on-year, and total liabilities of 7.27 trillion yuan, up 10.21% year-on-year. Operating revenue and pre-provision operating profit also maintained double-digit growth, with operating revenue exceeding 200 billion yuan for the first time, up 12.04% year-on-year; pre-provision operating profit exceeded 150 billion yuan for the first time, up 14.82% year-on-year. Asset quality continued to improve, with the non-performing loan balance and ratio achieving a "double decline" for the first time in five years, down 3.366 billion yuan and 0.29 percentage points from the end of the previous year, respectively, and the non-performing loan ratio at 1.25%, reaching the *optimal level in the past five years. Risk absorption capacity was further enhanced, with the provision coverage ratio reaching 218.83%, up 19.70 percentage points from the end of the previous year, a new high in the past five years.
This year is the first year of the "14th Five-Year Plan" and also the year when Industrial Bank's new five-year plan sets sail. Industrial Bank will base itself on the new development stage, implement the new development philosophy, actively serve and deeply integrate into the new development pattern, and, based on its own characteristics and actual conditions, unswervingly anchor the "1234" strategy with perseverance, upgrade and build three "golden business cards" of green banking, wealth management banking, and investment banking, comprehensively promote digital transformation throughout the whole process, truly realize the transformation from a scale bank to a value bank, and strive forward toward the ambitious goal of "first-class bank, century-old Industrial Bank" to contribute greater financial strength to the high-quality development of China's economy and society.