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On April 30, ICBC ushered in a new deputy secretary of the Party committee, and the pattern of "one principal and five deputies" senior executives may be settled.
With assets exceeding 47 trillion yuan, the "Universe Bank" will be positioned as "the main force serving the real economy, the ballast stone for maintaining financial stability, the leader of financial institutions, and the benchmark bank for its main business", deeply implement the transformation of the "five modernizations", and make great strides towards the road of financial development with Chinese characteristics.
According to the WeChat official account of "Industrial and Commercial Bank of China", on the morning of April 30, the main responsible comrades of the relevant cadre bureaus of the Organization Department of the Central Committee attended the cadre meeting of the Industrial and Commercial Bank of China and announced the decision of the Central Committee: Liu Jun was appointed deputy secretary of the Party Committee of the Industrial and Commercial Bank of China.
Source: Industrial and Commercial Bank of China
The pattern of "one positive and five deputy" executives may be settled
According to public information, Liu Jun, born in 1972, is a senior economist. He received his Doctor of Business Administration degree from the Hong Kong Polytechnic University in 2003. Since August 2020, he has served as Vice Chairman and Executive Director of Bank of Communications, and since July 2020, he has been President of Bank of Communications.
During his tenure, he served as the Deputy General Manager of China Investment Corporation, the Deputy General Manager of China Everbright Group Co., Ltd., the Executive Director and Deputy General Manager of China Everbright (Group) Corporation, and concurrently served as Chairman of Sun Life Everbright Life Insurance Company Limited, Vice Chairman of China Everbright Group Limited, Executive Director and Vice Chairman of China Everbright Limited Limited, Executive Director and Vice Chairman of China Everbright International Limited, Chairman of China Everbright Industrial (Group) Co., Ltd., Assistant to the President of China Everbright Bank, Vice President, during which he also served as the President of China Everbright Bank Shanghai Branch and the General Manager of China Everbright Bank's Financial Market Center.
In 2023, Liu Jun said in a speech: "Today, the concept of green finance is still expanding. Global systemically important financial institutions offer a variety of ESG financial products, and the continuous improvement of global sustainability standards has boosted the financial practice of ESG concepts. At present, China is committed to actively promoting the development of transition finance and climate investment, and regard them as an important supplement to green development. Financial institutions should vigorously support the development of green technology. ”
Liu Jun said that from the perspective of what should be, finance is a value exchange across time and space, which is essentially to guide the allocation of resources to key areas and support green technology innovation. From the perspective of can, in addition to providing conventional loan services to traditional green industries, financial institutions can also create innovative models to provide solutions for the whole life cycle of green science and technology enterprises.
In addition, on the evening of April 29, the Industrial and Commercial Bank of China announced that the board of directors decided to appoint Zhang Shouchuan as the vice president of the bank. According to public information, Zhang Shouchuan was born in January 1973. Graduated from Chinese Renmin University with a doctorate degree in economics, economist.
Prior to joining ICBC, Mr. Zhang worked at Bank of China, where he served as Director of the Evaluation Secretariat and Head of the Risk Planning Team of the Risk Management Department of the Head Office of Bank of China, and since November 2007, he has successively served as Deputy General Manager of the Risk Management Department and Director of the Planning and Coordination Office for the Implementation of the New Capital Agreement. Vice President and Chief Risk Officer of Shandong Branch, President of Inner Mongolia Autonomous Region Branch in December 2016, Director of the Office of the Head Office in March 2018, President of Shanghai Branch and Executive Vice President of Shanghai RMB Trading Business Headquarters in January 2021.
"This year, the task of building Shanghai International Financial Center is very heavy, and the key is to make a fuss about linkage development, seize opportunities in the new track, and achieve new development in obeying and serving the national strategy. In January 2024, as a deputy to the Shanghai Municipal People's Congress, Zhang Shouchuan brought many suggestions in science and technology finance and green finance.
After this adjustment, the pattern of "one president and five vice-presidents" of ICBC may be formed: President Liu Jun (according to the usual practice, he may hold the position of president), and the five vice presidents are Wang Jingwu, Duan Hongtao, Yao Mingde, Zhang Weiwu, and Zhang Shouchuan, who has been decided to be hired by the board of directors. The chairman of the board of directors is Liao Lin, who was promoted by the former president of ICBC.
The asset scale exceeded 47 trillion yuan
On the evening of April 29, ICBC also announced its operation in the first quarter of 2024. According to the report, in the first quarter of 2024, ICBC achieved an operating income of 219.843 billion yuan and a net profit of 88.062 billion yuan. As of the end of March 2024, ICBC's total assets were about 47.60 trillion yuan, an increase of 6.49% from the end of the previous year. The non-performing loan ratio was 1.36%, unchanged from the end of the previous year. The provision coverage ratio was 216.31%, up by 2.34 percentage points.
It is reported that in the first quarter of 2024, ICBC will accelerate the transformation of the "five modernizations" of layout modernization, digitalization of kinetic energy, structural diversification, basic ecology, and intelligent risk control, closely focusing on the central task of serving Chinese-style modernization, the primary task of high-quality development, and the strategic task of building a new development pattern, so as to continuously improve its ability for balanced, coordinated and sustainable development.
Specifically, customer deposits exceeded 35 trillion yuan, an increase of 4.52% from the beginning of the year. The Group's total assets exceeded 47 trillion yuan, and domestic RMB loans increased by more than 1.2 trillion yuan, an increase of 5.06% from the beginning of the year. Risk control capabilities continue to be enhanced. The level of comprehensive risk management and intelligent risk control has been continuously improved. Asset quality remained stable and capital adequacy ratio remained at an excellent level. The customer ecosystem is constantly improving.
In terms of loan disbursement, in the first quarter of 2024, ICBC will focus on its main responsibilities and main businesses, focus on doing a good job in the "five major articles", strengthen high-quality financial services for the "three major projects" such as new quality productivity and affordable housing construction, national key projects, people's livelihood consumption and other major strategies, key areas and weak links, and build a modern ICBC in helping to build a financial power and serve Chinese-style modernization.
From the data point of view, in the first quarter, the growth rate of ICBC's manufacturing, green, inclusive, strategic emerging industries, private and agriculture-related loans was higher than the growth rate of various loans. Among them, the balance of loans for the manufacturing industry exceeded 4 trillion yuan, and the balance of medium and long-term loans for the manufacturing industry exceeded 2 trillion yuan, while the number of inclusive loans increased by more than 350 billion yuan compared with the beginning of the year, and the number of inclusive loan customers increased by more than 300,000 compared with the beginning of the year, which was 2.3 times the increase of the same period last year.
In addition, ICBC established a science and technology finance center and held a symposium on new quality productivity of financial services to improve the comprehensive service level of major scientific and technological innovation projects and key areas. At the end of the first quarter, the balance of ICBC's loans to strategic emerging industries exceeded 3 trillion yuan, an increase of more than 370 billion yuan from the beginning of the year. The bank continues to improve the integrated investment and financing service system of "commercial bank + investment bank", "financing + investment", "debt + equity" and "financing + financial intelligence", so as to "build momentum and empower" for cultivating and expanding new quality productivity.
Looking forward to the future, ICBC said that it will conscientiously implement the decisions and arrangements of the CPC Central Committee and the State Council, take the opportunity of accepting the inspection of the Central Committee and carrying out party discipline learning and education, deeply practice the political and people's nature of financial work, unswervingly follow the path of financial development with Chinese characteristics, and based on the positioning of "serving the main force of the real economy, maintaining the ballast stone of financial stability, strengthening the leader of financial institutions, and being a benchmark bank with special responsibilities and main business", deeply implement the transformation of "five modernizations", and create a clean and healthy balance sheet. We will balance and coordinate a sustainable income statement and an ESG statement that is "by your side and trustworthy", accelerate the construction of a world-class modern financial institution with Chinese characteristics, and continue to make new and greater contributions to serving China's modernization and the construction of a financial power.
Reviewer: Ye Siqi Editor: Li Ruoyu Zhang Jing Proofreader: Zhang Lijing Signed: Sun Hong
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