On March 10, China Construction Bank Corporation(601939) issued the announcement on promoting new financial actions and improving the ability to serve the real economy (hereinafter referred to as the “announcement”). The announcement points out that in 2021, China Construction Bank Corporation(601939) shares will adhere to the new development concept, serve the new development pattern, promote new financial actions, and strive to achieve its own sustainable and steady development while serving the high-quality development of the real economy. Mainly reflected in the following aspects.
The ability to serve the real economy continued to increase China Construction Bank Corporation(601939) adhere to return to the origin, focus on the main business, support the implementation of cross cycle adjustment policies, maintain the steady growth of core assets, and achieve a year-on-year increase in RMB loans; Focusing on the key areas and weak links of the real economy, the proportion of credit in Inclusive Finance, green finance, manufacturing, strategic emerging and other fields has been increasing, and the financing cost of enterprises has decreased steadily.
The new financial action was implemented with high quality. The ecology of Housing leasing is becoming more and more mature. We will vigorously support the construction of affordable rental housing and explore a sustainable mode of long-term rental housing operation. The comprehensive service platform of Housing leasing covers 96% of prefecture level and above administrative regions in China.
Inclusive Finance led the market and continued to build a digital inclusive finance model. At the end of 2021, the balance of inclusive finance loans was RMB 1.87 trillion. The service response ability of “huiunderstand you” platform continued to improve, and the construction of “entrepreneur harbor” online platform accelerated to provide one-stop financial services for small and micro enterprises.
The internal and external empowerment of fintech will promote the independent control of domestic systems, continue to promote the construction of technology in the middle stage, and create a one-stop basic technical capability of sharing, agility and coordination of the group; The smart government platform has been promoted in 14 provinces and 13 cities, with a total of more than 200 million registered users.
The background of green finance has been brightened, comprehensive financial support for the green field has been comprehensively increased, ESG (environmental, social and corporate governance) management has been continuously deepened, Mingsheng ESG rating has been rated a for two consecutive years, the “CCB Wande green ESG bond issuance index” has been issued, and the world’s first US dollar sustainable development linked bond has been issued.
Rural Revitalization has improved both quality and efficiency, and 510000 “China Construction Bank yunongtong” inclusive financial service points cover 80% of townships and administrative villages in China; Relying on the two product packages of online “Yunong fast loan” and offline “Rural Revitalization loan”, we continued to increase credit.
The digital operation was promoted normally, and the service quality and efficiency of the “Gemini” enterprise platform of mobile banking and CCB life app continued to improve.
The core performance indicators were balanced and coordinated, new breakthroughs were made in the scale of assets and liabilities and net profit, the return on net assets, capital adequacy and other key indicators were steadily improving, the asset quality remained stable, and the risk offset ability was further enhanced.
China Construction Bank Corporation(601939) said that in 2022, despite the complex and severe situation outside China and many risks and challenges, the fundamentals of China’s long-term economic improvement remained unchanged. From January to February this year, China Construction Bank Corporation(601939) continued to deepen new financial actions, strengthened financial services in key areas such as inclusive finance, green development, science and innovation and high-end manufacturing, continued and steadily contributed to economic and social development and common prosperity, made steady progress in main business indicators and achieved a good start.
