Assuming your social responsibilities with Covid-19
In 2020, the COVID-19 pandemic has had a severe impact on the global economy. There were many uncertainties about the evolution of the pandemic situation at home and abroad and in the external environment. CCB has proactively assumed its responsibility as a large bank to support epidemic prevention and control efforts and the resumption of work and production.
“In the face of the COVID-19 pandemic and its disruptive economic and social ramifications, we always put people first. We have supported the global fight against COVID-19 and provided targeted services for economic reopening. We have helped to ensure stability on six fronts and maintain security in six areas, supported the development of the real economy and played our rightful role in the fight against poverty. Thanks to all these efforts, we have passed major tests and opened a glorious chapter in the history of the Bank by following the New Finance philosophy. says Guoli Tian, chairman of China Construction Bank.
He successively launched “10 initiatives” of financial services for the prevention and control of epidemics, 30 measures to support the prevention and control of epidemics and to resume work and production, 14 measures to strengthen financial services for micro , small and medium-sized enterprises, 26 special measures to support Hubei, and 29 measures to stabilize foreign trade and foreign investment. The CCB has intensified its efforts to extend credit and granted a total of 125.68 billion RMB in credit to 12,166 key enterprises engaged in epidemic prevention and control. The CWB has stepped up fee reductions and waivers, offered preferential loan rates to key companies engaged in epidemic prevention and control, and helped customers affected by the epidemic to be bailed out with bailouts. measures such as extension of principal and interest repayment, and extension and renewal of loans. CCB worked with the government to build a “corporate oxygen booth” to help businesses resume work and production, and provided nearly RMB 180 billion in credit support to more than 20,000 businesses. .
To ensure the smooth running of business, the Bank immediately set up a leading group for the prevention and control of epidemics and completed the organizational structure, elimination mechanism and emergency response plan for the epidemic. regular prevention and control of epidemics. It has stepped up care and protection of the safety of its staff and ensured sufficient supplies for the prevention of epidemics. It quickly launched the telecommuting mode under the workforce integration platform, used more process robots, and adopted a combination of work modes such as working from home, shifts and off-peak travel.
Through online channels, the Bank has provided efficient and high quality online financial services to its clients. By running online consumer lending businesses such as “Quick Loan”, it provided convenient financing services to retail customers. Building on the smart government platform, it helped build the national epidemic information dissemination network and launched the ‘CCB smart community management platform’, with the aim of empowering communities urban and rural areas to promote “online + offline” three-dimensional prevention and control. system. The platform covered 2.46 million communities and businesses with a total number of users exceeding 51.07 million. CCB made full use of its intelligent matchmaking platform ‘CCB Match Plus’, where it launched sections such as ‘Belt and Road’, ‘Greater Bay Area’ and ‘China Railway Express’ and built meeting rooms. 3D digital banking exhibition for international exhibitions such as the first Canton Fair online and CIFTIS to manage online exhibition business and promote cross-border twinning. At the end of 2020, CCB and its employees donated funds and supplies worth a total of RMB 317 million to the global pandemic response, including 11.5 million pandemic prevention supplies.
Focus on weak spots in people’s livelihoods, fulfill social responsibilities +
CCB has actively explored new concepts for the development of green finance. With the aim of becoming a low carbon, environmentally friendly and sustainable bank that serves the public and improves people’s livelihoods, the Bank has used a combination of financial instruments such as green credit, green bonds, green leases and green trusts and support in areas such as energy conservation and emission reduction, clean energy, clean transportation and pollution prevention and control to support and broadly favor green industries. At the end of 2020, the Bank’s green loan balance was RMB 1.34 trillion, an increase of RMB 166.905 billion or 14.20% from the end of last year.
CCB has integrated the fight against poverty into its New Finance actions. He increased the supply of credit in areas of extreme poverty and promoted products such as “Mingonghui” and “Loans to new community factories”. He helped “one district and three counties” in Ankang City, Shaanxi Province, lift themselves out of poverty on time, and lift 1,370 poor villages and nearly 200,000 out of poverty. poor people in other parts of China. At the end of 2020, the Bank’s poverty reduction target lending balance stood at RMB 123.751 billion, an increase of RMB 32.245 billion from the previous year. The Bank has also actively helped the poorest through the consumption of e-commerce and organized the series of anti-poverty marketing activities “Beyond 2020” via e.ccb.com. The annual volume of transactions related to poverty reduction reached 17.080 billion RMB and sales of agricultural products in poor areas reached 2.518 billion RMB. In 2021, CCB will continue to optimize policies and develop innovative products and services based on local conditions to strengthen the stability of poverty reduction and help translate the results of poverty reduction efforts into effective impetus. for rural revitalization.
With FinTech, the Bank has gone to great lengths to create the distinctive brand of “Yu Nong Tong”, providing comprehensive services such as smart village business, e-commerce, outreach and financial services for farmers. . CCB has fully exploited the advantages of online “Yu Nong Quick Loan” and effectively reduced the cost of financing agriculture-related loans. By the end of 2020, CCB had more than 540,000 inclusive “Yu Nong Tong” financial service outlets, through which more than 100 million loans were made to tens of millions of rural households last year. The balance of agriculture-related loans was 2.09 trillion RMB, up 280.582 billion RMB, or 15.52% from the previous year, and the balance of agriculture-related loans to finance inclusive was 231.237 billion RMB. The number of agriculture-related loan clients was 2,000,700, with an average loan interest rate of 4.75 percent, down 0.17 percentage points from the previous year.
“Worker Ports” to the public that served over 140 million people and had over 10.4 million registered users online. It continued to expand its “Worker’s Harbors +” model by partnering with 780 third-party entities. Together with CCB University, the Bank implemented the “Promoting Financial Literacy – Poverty Reduction” program which provided training to 3.31 million participants, bringing financial literacy to the rural population.
CCB has gone to great lengths to create a new ecology in inclusive finance and enriched the digital product system by creating a new series of products such as “Quick Loan for Small and Micro Business”, “Yu Nong Quick Loan”, “Loan fast for transactions “and” fast loan for personal businesses “. At the end of 2020, the CCB inclusive finance loan balance was RMB 1.45 trillion, up RMB 489.2 billion from the previous year, with the balance and increase ranking at the forefront of the market. The interest rate on recent inclusive finance loans to small and microenterprises was 4.31 percent, down 0.64 percentage points from the previous year. The number of inclusive credit clients was 1,700,300, an increase of 375,200 over the previous year. The Bank has launched “Entrepreneurs’ Harbor”, a platform for startups and innovative businesses. CCB has continuously improved its risk control capacity, built an intelligent risk control management system in the field of inclusive finance and kept the quality of credit assets stable.
Based on the Public Welfare Platform, the Bank has helped more people in need and brought positive energy to society. In 2020, CCB’s charitable donations amounted to RMB 449 million, of which RMB 132 million was spent on targeted poverty reduction. Over 740 poverty reduction projects aimed at improving livelihoods were implemented throughout the year.
In 2020, CCB received wide recognition for its operation and service capacity from its customers and the market. It won China Commercial Bank of the Year at the Wealth and Society Awards 2020 by The Asian Banker and Best National Bank at the China Retail Banking Awards 2020 from Asiamoney. CCB continued to take the lead in the international rankings. It was ranked second of the Banker’s 1000 best global banks for 7 consecutive years in the year 2020; tenth among BrandZ’s 100 Most Valuable Chinese Brands in 2020, with a brand value of $ 21.089 billion; and 30th in the Fortune Global 500 ranking in 2020. Its ESG rating was also upgraded to A by MSCI. CCB’s influence as a large bank was further strengthened.