On 26 August 1988, the State Council of China and the People's Bank of China approved the establishment of Industrial Bank. Its official name is, or abbreviated to Industrial Bank (China).[1]
On 3 March 2003, it was renamed "Industrial Bank Co., Ltd.". It announced the completion of the shareholding system transformation. It is one of the first joint-stock commercial banks approved by the State Council and the People's Bank of China.
On 5 February 2007, the Industrial Bank was listed on the Shanghai Stock Exchange (Stock Code: 601166) with capital of RMB 10.786 billion.
In March 2012, the Industrial Bank's total assets reached RMB 2,629,398 million, shareholders' equity amounted to RMB 123,957 million, net profit for the first quarter was RMB 8,288 million, and NPL ratio was 0.40%. According to the "Top 1000 World Banks" released by the British Magazine The Banker in 2011, the Industrial Bank ranked 75th in total assets and 83rd in tier 1 capital.[3] The Industrial Bank opened 79 branches and 662 sub-branches.
The Industrial Bank has a fully owned subsidiary, Industrial Financial Leasing Co., Ltd., and a controlling stake in Union Trust Co., Ltd. Headquarters-level operating units such as Financial Markets Center, Credit Card Center, Retail Banking Headquarters, Private Banking Department, Assets Custody Department, Bank Services Center, VIC (Very Important Clients) Department, Investment Banking Department, Futures Finance Department, Funds Finance Department, Trade Finance Center and Sustainable Finance Center operate in Shanghai and Beijing.
Business Activitiesedit
The Dalian Branch of Industrial Bank Co. (December 2013)兴业银行股份有限公司 Industrial Bank Company of China
The main business activities of the Industrial Bank are:
Personal Bankingedit
Taking deposits.
Lending.
Local and international payments and settlements.
Safety deposit box service.
Credit cards.
Corporate Bankingedit
Bills acceptance and discounting.
Issuing of financial bonds.
Provision of letters of credit and guarantee facilities.
Insurance sales.
Collections of payments.
Bank card business.
Institutional Bankingedit
Agency issuing, cashing and underwriting of government bonds.
Purchase and sales of government bonds and financial bonds.
Inter-bank placements and borrowings services.
Agency service in trading of foreign currencies.
Settlements and sales of foreign currencies.
Ownership Structureedit
This section needs to be updated. Please help update this article to reflect recent events or newly available information.(January 2020)
As of 5 February 2007, the top ten shareholders in the bank were:[4]
In April 2022, it was reported that Bank of Shizuishan、Industrial Bank、CITIC Bank、SPD Bank、Bank of Hangzhou、Huaxia Bank、Harbin Bank and Bank of Handan were involved in a fraud case related to Lihe Jimin, a Chinese private loan company, with the amount involved exceeding CN¥ 210 million.[5]
industrial, bank, china, xingye, bank, redirects, here, former, xingye, bank, zhejiang, national, commercial, bank, industrial, bank, simplified, chinese, 兴业银行, traditional, chinese, 興業銀行, pinyin, xīngyè, yínháng, officially, fujian, industrial, bank, joint, s. Xingye Bank redirects here For the former Xingye Bank of Zhejiang see The National Commercial Bank The Industrial Bank Co Ltd simplified Chinese 兴业银行 traditional Chinese 興業銀行 pinyin Xingye Yinhang officially Fujian Industrial Bank Joint Stock Corporation Limited Chinese 福建兴业银行股份有限公司 is a commercial bank based in Fuzhou Fujian province of the People s Republic of China Industrial Bank Co LtdHead officeNative name兴业银行TypePublicTraded asSSE 601166 ordinary SSE 360005 preference 1 SSE 360012 preference 2 IndustryBanking FinanceFounded26 August 1988HeadquartersFuzhou Fujian ChinaKey peopleGao Jianping Chairman of the Board Bi Zhonghua Chairman of Supervisory Board ProductsFinancial servicesOperating incomeCN 61 91 billion 2018 Net incomeCN 33 66 billion 2011 Total assetsCN 6 09 trillion 2016 1 Number of employees52 016 2015 2 Websitewww wbr cib wbr com wbr cnIndustrial BankSimplified Chinese兴业银行Traditional Chinese興業銀行TranscriptionsStandard MandarinHanyu PinyinXingye Yinhang Contents 1 History 2 Business Activities 2 1 Personal Banking 2 2 Corporate Banking 2 3 Institutional Banking 3 Ownership Structure 4 Controversies 5 References 6 External linksHistory editOn 26 August 1988 the State Council of China and the People s Bank of China approved the establishment of Industrial Bank Its official name is or abbreviated to Industrial Bank China 1 On 3 March 2003 it was renamed Industrial Bank Co Ltd It announced the completion of the shareholding system transformation It is one of the first joint stock commercial banks approved by the State Council and the People s Bank of China On 5 February 2007 the Industrial Bank was listed on the Shanghai Stock Exchange Stock Code 601166 with capital of RMB 10 786 billion In March 2012 the Industrial Bank s total assets reached RMB 2 629 398 million shareholders equity amounted to RMB 123 957 million net profit for the first quarter was RMB 8 288 million and NPL ratio was 0 40 According to the Top 1000 World Banks released by the British Magazine The Banker in 2011 the Industrial Bank ranked 75th in total assets and 83rd in tier 1 capital 3 The Industrial Bank opened 79 branches and 662 sub branches The Industrial Bank has a fully owned subsidiary Industrial Financial Leasing Co Ltd and a controlling stake in Union Trust Co Ltd Headquarters level operating units such as Financial Markets Center Credit Card Center Retail Banking Headquarters Private Banking Department Assets Custody Department Bank Services Center VIC Very Important Clients Department Investment Banking Department Futures Finance Department Funds Finance Department Trade Finance Center and Sustainable Finance Center operate in Shanghai and Beijing Business Activities edit nbsp The Dalian Branch of Industrial Bank Co December 2013 nbsp 兴业银行股份有限公司 Industrial Bank Company of ChinaThe main business activities of the Industrial Bank are Personal Banking edit Taking deposits Lending Local and international payments and settlements Safety deposit box service Credit cards Corporate Banking edit Bills acceptance and discounting Issuing of financial bonds Provision of letters of credit and guarantee facilities Insurance sales Collections of payments Bank card business Institutional Banking edit Agency issuing cashing and underwriting of government bonds Purchase and sales of government bonds and financial bonds Inter bank placements and borrowings services Agency service in trading of foreign currencies Settlements and sales of foreign currencies Ownership Structure editThis section needs to be updated Please help update this article to reflect recent events or newly available information January 2020 As of 5 February 2007 the top ten shareholders in the bank were 4 No Company Shares Proportion in 1 Financial Bureau of Fujian Province 1020000000 20 402 Hang Seng Bank Limited 639090000 12 783 Tetrad Ventures Pte Ltd 199950000 4 004 China National Cereals Oils amp Foodstuffs Corporation 170000000 3 405 International Finance Corporation 159960000 3 206 China Electronic Information Industry Group Corporation 150000000 3 007 Shanghai Baosteel Group Co Ltd 145000000 2 908 Fujian Tobacco Company 133333334 2 679 Shanghai Guoxin Investment amp Development Co Ltd 88000000 1 7610 Sept wolves Investment Co Ltd 85333333 1 71Controversies editIn April 2022 it was reported that Bank of Shizuishan Industrial Bank CITIC Bank SPD Bank Bank of Hangzhou Huaxia Bank Harbin Bank and Bank of Handan were involved in a fraud case related to Lihe Jimin a Chinese private loan company with the amount involved exceeding CN 210 million 5 References edit statista Retrieved 1 March 2017 statista Banker The Top 1000 www thebanker com Retrieved 2018 08 08 Welcome to CIB Archived 2008 02 09 at the Wayback Machine 冯 华妹 2022 04 04 连载 以房养老骗局 银行的角色 Caixin in Chinese Retrieved 2023 08 13 External links edit nbsp Banks portalOfficial website Retrieved from https en wikipedia org w index php title Industrial Bank China amp oldid 1175330892, wikipedia, 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