Joint-stock commercial banks refer to one of the classifications of national banking financial institutions, such as central banks, policy banks (such as China Development Bank), large state-owned commercial banks (such as Bank of China) and joint-stock commercial banks (such as China Merchants Bank).
China Industrial and Commercial Bank is a financial institution engaged in deposit and loan, settlement and cash management. Established in June 1 984 65438+1October1,it is a large state-owned bank under central management.
The Bank's main businesses include: corporate deposits and loans, inclusive finance, institutional finance, settlement and cash management, trade financing, investment banking, etc. On June 27th, 2006, it was listed on both Hong Kong Stock Exchange and Shanghai Stock Exchange.
By the end of 2020, the total assets were 33,345.058 billion yuan, an increase of 3,235.622 billion yuan or 10.7% over the end of last year. Total liabilities amounted to 30,435.543 billion yuan, with an increase of 30 1.8 1. 1 billion yuan, with an increase of 1.0%. The annual net profit was 36,543.8+07.685 billion yuan, an increase of 4,324 million yuan and 65,438+0.4% over the previous year. The average return on total assets was 65,438+0.00%, the weighted average return on equity was 65,438+065,438+0.95%, and the core Tier 1 capital adequacy ratio was 65,000.
In the coming period, the domestic and international economic and financial environment will remain uncertain and complicated. ICBC will follow the strategic orientation in the new era, rely on the real economy, focus on stabilizing quality, restructuring, seeking innovation and promoting reform, assess the situation and take the initiative to ensure the Bank's sustainable development, improving quality and efficiency. First, implement three major projects: rebuilding the credit management foundation, comprehensively managing non-performing loans and improving overall risk management to ensure the quality of transformation; The second is to implement the four major structural adjustments of assets, liabilities, income and channels, and build a new business structure that matches the new market and new format; The third is to implement innovation and transformation in five major areas: information banking, retail finance, corporate finance, large asset management and integration, and internationalization, and build a strategic foundation for stabilizing profit growth and expanding core competitive advantages under the background of the new normal and interest rate marketization; The fourth is to deepen the reform of institutional mechanisms and consolidate the management foundation of transformation and development.