Fang Heying, President of China Citic Bank Corporation Limited(601998) said at the annual performance conference of China Citic Bank Corporation Limited(601998) 2021 on March 25 that China Citic Bank Corporation Limited(601998) will “seek long-term development”, “good development” and “fast development” in 2021. Among them, in terms of seeking fast growth, the bank’s profit increased rapidly and its non interest income increased well; In terms of seeking good, the quality of assets has improved substantially, the income structure has been further improved, and the asset structure has been greatly optimized; In seeking the future, we continued to increase investment in science and technology, steadily started the reform of the organizational structure of various sectors, formulated the “342 strong nuclear action plan” on the basis of the new three-year plan, and comprehensively launched a new round of development with the main line of building wealth management, asset management and comprehensive financing capacity.
asset quality ushers in a “turning point”
Fang Heying said, China Citic Bank Corporation Limited(601998) in recent years, it has built a system to “control the new and clear the old” and pay close attention to the asset quality. Last year, the asset quality ushered in a “turning point”. The balance of non-performing loans and the non-performing loan ratio decreased for the first time in 11 years. Many indicators of asset quality improved comprehensively, and many indicators were the best in recent years.
Fang Heying said that the China Citic Bank Corporation Limited(601998) risk control system is improving day by day, a unified credit system covering the whole organization, customers, products and processes has been established, a full-time approver system has been established, and the “five policies in one” of industry research, credit policies, approval standards, marketing guidelines and resource allocation has been implemented; The asset structure has been continuously optimized, the scale of individual loans is equal to that of corporate loans, and corporate loans are concentrated in good industries and regions; Investment assets have high security and liquidity.
“Due to the basic removal of the ‘historical burden’, large amount of problem assets have been effectively disposed of, and relatively sufficient provisions have been made for off balance sheet risk assets.” Fang Heying said.
realize “two leaps”
Fang Heying believes that China Citic Bank Corporation Limited(601998) has achieved “two leaps”, one is the leap of light capital transformation, and the other is the leap of digital transformation.
“The leap of light capital transformation is not only the double-digit growth of non interest net income at present, nor the significant improvement of income structure, but also the steady improvement of China Citic Bank Corporation Limited(601998) light capital development ability.” Fang Heying expressed confidence that non interest income will continue to maintain a high growth trend in 2022.
Fang Heying also said that the digital transformation of China Citic Bank Corporation Limited(601998) is entering a period of capacity release, which is an important engine for future development. The bank is cultivating digital thinking and awareness, digital ability, and a group of compound experts who are proficient in technology and familiar with business.
retail revenue contribution should exceed 50%
Fang Heying believes that the three highlights can help China Citic Bank Corporation Limited(601998) asset business transformation, get rid of dependence on traditional businesses such as real estate business and walk out of a new way.
First, layout the new track. Last year, the green credit of China Citic Bank Corporation Limited(601998) increased by 141% and the loans to strategic emerging industries increased by 70% China Citic Bank Corporation Limited(601998) service listed nearly 3000 companies to be listed, and the cooperation coverage with national specialized, special and new enterprises has reached 37.2%.
Second, cultivate new driving forces China Citic Bank Corporation Limited(601998) continuously cultivate the development capacity of subsidiaries and improve the operating fundamentals of subsidiaries. Last year, the net profit attributable to the parent company of five consolidated subsidiaries increased by 236% year-on-year, which has become a new driving force for the development of China Citic Bank Corporation Limited(601998) development.
Third, form a new way of playing. Fang Heying said, China Citic Bank Corporation Limited(601998) “new retail” has basically formed a new structure and playing method, and the next step is to contribute more than 50% of retail revenue.
