(1) Established a modern financial enterprise system. 1. Through the joint-stock reform, the property rights structure has been diversified, the state's absolute controlling position in ICBC has been maintained, and the value of state-owned assets has been maintained and increased. 2. Established a modern corporate governance structure consisting of the shareholders' meeting, the board of directors and senior management, and formed an operating mechanism with scientific decision-making, powerful execution and effective supervision. 3. In accordance with the requirements of modern financial enterprise systems, a new management system and operating mechanism have been established. (1) Established a relatively complete capital management system, asset and liability management system, capital operation system, as well as a prudent, standardized and transparent financial accounting system and information disclosure system. (2) Establish a relatively independent internal audit and control system, as well as a comprehensive risk management system covering credit risk, market risk, liquidity risk and operational risk. (3) Promoted branch reform and process bank construction, and improved the organizational structure and business process system. (4) Deepened the reform of labor personnel and distribution systems, and established a new market-oriented human resources management and salary distribution system. (2) Establishing the market position as the largest domestic commercial bank 1. Ranking first among domestic peers in terms of asset size. Total assets have grown from 272.8 billion yuan at the beginning of its establishment to 9.4 trillion yuan at the end of June 2008, an increase of 33.5 times. 2. Basic businesses such as deposits, loans, and foreign exchange rank first among peers. (1) The deposit business market share ranks first among its peers. Various deposits increased 41 times from 169.6 billion yuan at the beginning of its establishment to 7,538.7 billion yuan at the end of June 2008. (2) The loan business market share ranks first among its peers. Various loans increased 16.6 times from 247 billion yuan at the beginning of its establishment to 4,355.4 billion yuan at the end of June 2008. (3) The settlement business market share ranks first among its peers. The RMB settlement business volume increased 115 times from 5 trillion yuan at the beginning of its establishment to 582 trillion yuan in 2008. By the end of March 2008, the proportion of the four major banks in terms of number of settlement transactions and amount of our bank's settlement business was 36.8 and 41 respectively, ranking first. 3. Ranking first among peers in most emerging business fields. (1) China’s largest credit card issuer. By the end of June 2008, the number of credit cards issued reached 33.03 million, and the consumption amount was 110.8 billion yuan, ranking first in the industry. (2) China’s largest electronic bank. The number of e-banking customers exceeds 100 million, and the transaction volume exceeded 68 trillion yuan in the first half of this year. (3) The leader in China’s annuity market. Our bank has a "full license" for corporate annuity business, and its annuity account management and custody market share exceeds 50%. (4) China’s largest fund distribution bank. In the first half of 2008, 201.7 billion funds were sold through agency sales, and it continued to rank first in the industry in terms of fund sales volume, fund stock, business income and number of customers. (5) China’s largest asset custody bank. At the end of June 2008, our bank's total assets under custody exceeded RMB 1.2 trillion, ranking first among its peers. (6) China’s investment banking industry leads the industry. In the first half of 2008, investment banking revenue reached RMB 4.667 billion, accounting for 38% of its peers, and continued to rank first among its peers. (7) Operating income and net profit indicators are ahead of domestic peers. In the first half of 2008, our bank's operating income and net profit accounted for 27.6 and 28.4 respectively among the 11 domestic listed banks, ranking first. (3) Establishing the leading edge in science and technology. Focusing on the overall development goals of the bank, we actively implemented the “technology leadership” strategy and established an information technology system with mature technical structure, safe and stable operation, rich and flexible applications, scientific and efficient management, and the overall information technology level. Leading domestically and advanced internationally. (4) Establishing a cross-market and global business network with commercial banks as the main body. 1. Since the establishment of the first overseas branch in Singapore in 1993, it has now owned 126 overseas branches with total assets of more than 43 billion US dollars. A global service network covering the world's major international financial centers and my country's major economic and trade areas has basically been formed.
2. Enter the fund and financial leasing market by establishing fund management companies and financial leasing companies through joint ventures (sole proprietorships) in China, and conduct licensed investment banking, insurance and other businesses overseas by acquiring or holding shares in non-bank financial institutions, etc. A cross-market operating pattern has initially been formed, which has accumulated experience and laid a foundation for comprehensive operations. (5) The image of a healthy and influential international bank has been established. The capital adequacy ratio has reached regulatory standards, and the capital strength has entered the forefront of international banks. As of the end of June 2008, the bank's capital adequacy ratio and core capital adequacy ratio were 12.46 and 10.33 respectively. Among the 1,000 global banks ranked by Tier 1 capital by The Banker, our bank ranked 8th in 2008. 1. Sorting by market value. Since July 2007, ICBC has become the world's largest bank by market capitalization. 2. Sorting of operating income. Among the Fortune Global 500 ranked by operating income in the United States, our bank ranks 133rd and 24th in the banking category. 3. Credit rating. At present, international rating agencies have upgraded our bank's credit rating. Standard & Poor's rated our bank "A-"; Moody's rated our bank "A1"; Fitch rated our bank "A". 4. Won numerous international awards. ***Won 83 domestic and foreign awards in the past three years. (1) "Global Finance": China's Best Bank, China's Best Corporate Loan Bank, China's Best Custody Bank, China's Best Personal Online Banking, and China's Best Corporate Online Banking. (2) "Euromoney": China's Best Bank, China's Best Trust Service Award, China's Best Fixed Income Portfolio Management Award. (3) "The Banker": China's Best Bank Award and Global Best Deal Award. (4) "Finance": China's Best Comprehensive Transaction Award, Best Custody Bank in Mainland China, and Best Cash Management Bank in China. (5) "Financial Asia": China's Best Bank, China's Best Cash Management Bank (6) "Asian Banker": China's Best Retail Bank, China's Best Large Retail Bank, China's Best Multi-Channel Bank. (6) Establishing the image of a responsible big bank: giving full play to the role of large state-owned banks in supporting economic and social development and implementing national macro-control policies. Incorporate compliance with laws and regulations, environmental protection, resource conservation, poverty alleviation, and charity donations into the bank's development strategy.