Bank of Communications was founded in 1908 (thirty-four years of Guangxu). It is one of the four largest banks in China and one of the early note-issuing banks in China. 1958 except for the hong kong branch, the domestic business of bank of communications was merged into the local people's bank and the people's construction bank of China, which was established on the basis of bank of communications. In order to meet the requirements of China's economic system reform and development, on July 24th, 1986, as a pilot of financial reform, the State Council approved the reorganization of Bank of Communications. 1 987 April1day, the newly established Bank of Communications officially opened to the outside world, becoming the first national state-owned joint-stock commercial bank in China, with its head office in Shanghai.

As the first national joint-stock commercial bank in China, Bank of Communications has shouldered a dual historical mission since it was re-established. It is not only the inheritor of a century-old national financial brand, but also the forerunner of China's financial system reform.

Bank of Communications has achieved six firsts in the reform and development of China's financial industry, namely, the first source of capital and the form of property rights are joint-stock system; The first institution established according to the market principle and the cost-benefit principle; The first company broke the monopoly of the financial business scope and introduced the competition mechanism into the financial field; The first company introduced asset-liability ratio management to standardize business behavior and prevent business risks; The first to establish a new type of bank-enterprise relationship with two-way selection; The first comprehensive commercial bank that can engage in banking, insurance and securities business. The reform and development practice of Bank of Communications paved the way for the development of China's joint-stock commercial banks and played a catalytic, promoting and exemplary role in financial reform.

In June, 2004, in the process of deepening financial reform in China, the State Council approved the overall plan of deepening the shareholding system reform of Bank of Communications, with the goal of turning Bank of Communications into a modern financial enterprise with perfect corporate governance structure, sufficient capital, strict internal control, safe operation, efficient service, strong international competitiveness and a century-old national brand. In deepening the shareholding system reform, Bank of Communications completed financial restructuring, successfully introduced domestic and foreign strategic investors such as HSBC, Social Security Fund and Central Huijin Company, and made efforts to promote the benign transformation of institutional mechanisms. On June 23rd, 2005, Bank of Communications successfully listed in Hong Kong, becoming the first mainland commercial bank in China to list overseas. At present, Bank of Communications has developed into a century-old national brand modern commercial bank with clear development strategy, perfect corporate governance, sound institutional network, advanced management, excellent financial services and good financial status.

Clear development strategy. Faced with the complicated external operating environment, increasingly rigid capital constraints and the gradual interest rate marketization reform, Bank of Communications began to implement the strategic transformation of business development in 2005, and its development reached a new historical level. The strategic goal of Bank of Communications is to move towards the goal of "international public bank, innovative bank, comprehensive bank, intensive bank and advanced bank" and strive to establish a first-class modern financial enterprise.

Perfect corporate governance. After the successful introduction of domestic and foreign strategic investors such as HSBC, National Social Security Fund Council and Central Huijin Company, the ownership structure of Bank of Communications has become more diversified. At the same time, the basic system for improving corporate governance has been established, and the sound corporate governance structure has been basically completed. The strategic decision-making role of the board of directors, the management responsibilities of the senior management and the supervisory responsibilities of the board of supervisors have been fully brought into play, and the mechanism of checks and balances among the shareholders' meeting, the board of directors, the board of supervisors and the senior management has basically taken shape.

A sound institutional network. Bank of Communications has a nationwide and overseas-oriented institutional system and business network. Branches cover economically developed areas, economic center cities and international financial centers. * * * There are 95 domestic branches, including 28 provincial branches, 7 directly affiliated branches, 60 provincial branches (branches) and 26 10 business institutions, which are distributed in 140 cities (except for 95 branches, there are 45 county-level city branches that have not been accounted separately). It has branches in new york, Tokyo, Hongkong, Singapore and Seoul, and representative offices in London and Frankfurt. Established correspondent bank relationship with about 900 banks in more than 0/00 countries and regions around the world. There are nearly 60,000 employees in the whole bank.

Senior management. Bank of Communications insists that "development is the last word and the first priority; Quality is a hard constraint and the first responsibility; Benefit is a hard task and the first goal. " We always pay equal attention to business development and risk control, and implemented an incentive and restraint mechanism with economic capital performance appraisal as the core. Established a comprehensive risk management system; Promote the vertical transformation of organizational structure adjustment and business management; We have established a leading data concentration project in China. At the same time, according to the requirements of "mutual understanding and accommodation, mutual benefit, long-term cooperation and common development", the cooperation between Bank of Communications and HSBC is close and fruitful, and advanced concepts, technologies and products are constantly introduced, which has had a very positive impact on improving the management level of Bank of Communications.

Quality financial services. Bank of Communications gives full play to its own advantages, constantly explores and innovates in the fields of financial products, financial instruments and financial system, and forms a business system with comprehensive product coverage and advanced scientific and technological means. Through the combination of "one-to-one" service of traditional outlets and all-round modern electronic service channels, we provide customers with comprehensive and thoughtful professional services in the fields of corporate finance, private finance, international finance and intermediary business. Bank of Communications has a number of brand products represented by Waihuibao, Pacific Card and Fund Supermarket, which enjoys a high reputation in the market and its market share ranks among the best in the industry. In 2005, Bank of Communications, as one of the three pilot banks to set up fund companies, initiated the establishment of Bank of Communications Schroeder Fund Management Company and successfully issued two fund products. The "China Global Card" Pacific dual-currency credit card with the logo of strategic partner HSBC has been launched, and the number of registered cards has exceeded 1 10,000 within one year, which indicates that Bank of Communications will provide services to customers at home and abroad on a broader platform.

In good financial condition. Bank of Communications has always adhered to the principle of attaching equal importance to inheritance and innovation, based on integrity, winning by service, constantly pioneering and enterprising, expanding its scale, increasing its comprehensive strength, and its financial situation is at the leading level among domestic peers. In 2005, Bank of Communications seized the favorable opportunity to enhance its brand and market image after its successful overseas listing, accelerated the pace of business expansion, fully demonstrated its business vitality, and achieved healthy, rapid and coordinated development of various businesses. By the end of 2005, the capital adequacy ratio and core capital adequacy ratio of Bank of Communications reached 1 1.20% and 8.78% respectively, and the asset scale reached142.344 billion yuan, an increase of 70 times compared with 21billion yuan in the early days of re-establishment; The total deposits and loans reached/kloc-0 1.22084 billion yuan and 7.710.37 billion yuan respectively; Realized a profit after tax of 9.25 billion yuan; ROA and ROE reached 0.65% and 1 1. 13% respectively. The non-performing loan ratio was 2.37%. Bank of Communications is now the fifth largest commercial bank in China; Ranked by total assets, it ranks 89th among the 65,438+0,000 big banks in the world and ranks among the top global banks 100.