Main business
China Banking Regulatory Commission approved our bank to do the following businesses: attracting public savings; making short-term, mid-term and long-term loan; handling domestic settlements; accepting note discount; issuing financial bonds; acting issue, the Acting Under, sales of government bonds; selling and buying government bonds; undertaking inter-bank offered credit; providing guaranty; acting receipt and payment of funds and acting insurance services; offering safekeeping boxes; deposit and loan by mandate for working capital for local financial credit; foreign exchange deposit; foreign exchange loan; foreign exchange remittance; foreign currency exchange; inter-bank offered credit; international settlement; settling and selling foreign exchange; foreign exchange bills accepting and discounting; foreign exchange guarantee; credit investigation, counseling and witness services; buy & sell and acting to buy & sell foreign currency negotiable securities except for stocks; buying and selling of foreign exchange on its own account or on customers' account (under spot items); and other businesses approved by China Banking Regulatory Commission.
Main management situation
1 The completion of main management target
By the end of 2005, the total assets of the bank were RMB232.6b, up RMB23.8b or 11.4% compared to the end of last year. As such, the balance of Renminbi and foreign currencies deposit was RMB217.2b, up RMB28.3b or 15.0%; the all-year average daily deposit was RMB183.7b, up RMB29.4b or 19.1%; the balance of Renminbi and foreign currencies loan (include note discount) was RMB120b, up RMB10.4b or 9.5%; the whole year’s integrated benefit achieved RMB2.53b, up RMB0.23b or 10%.
2 The construction of finance computerizing
Corporation financial business: Our bank always gives a high priority to clients. In the face of aggravating market competition and varying macro-environment, we stressed the key business in the extended trial work of payment business authorized by Beijing Municipal Bureau of Finance, successfully persuaded 638 Units representing 65% from 979 municipal-level budget Units to choose our bank as undertaker, and obtained the agent qualification of receiving the “non-taxable” income of Beijing Municipal Bureau of Finance through bidding. As the trial Unit of small enterprises loan extended by Beijing Municipality, we established marketing center for small and medium-sized enterprises, employed classified management and accounts-dividing and settlement, launched “Class Activity among Small and Medium-Sized Enterprises of Beijing Bank”, introduced such products as “Small-Sum Green Passage” etc, set up featured sub-branch specialized for small enterprises loan, and built a more complete marketing network for small and medium-sized enterprises.
3 The construction of finance computerizing
Pay attention to support operation & management and push all kinds of work through information technology. During the report period, we laid stress on the development of business operation system and management information system, and complete the development and run of the edition of 2.2 internet banking of “New e Generation”, TI and OPICS systems of international business, payment password system, anti-money laundering system and modernization micro-payment system, etc. 236 new development projects approved and initiated and the projects of product function improvement in the whole year greatly enhanced the work efficiency.
4 The construction of enterprise culture
Thoroughly study the spirit of the 5th Plenary Session of the 16th Central Committee of the Communist Party of China, extensively launch the educational activity of “Keep Advancement of Communist Party Member”, continuously develop the theme activities of Probity and Self-discipline education, warning education and pre-work education, strengthen the supervision to bank staff out of work hours (8 hours), and effectively raise the awareness of all levels of management to keep government functionaries honest and industrious.
By launching sport meetings and art festivals to elevate the cohesion of cadre ranks and stimulate employees work passion. During the commending meeting on the work of national spiritual civilization construction held by Spiritual Civilization Steering Committee of the Communist Party of China's Central Committee, our bank was awarded the title “Advanced Unit on the Work of National Spiritual Civilization Construction”. Our project of “system design and implementation of full cost management project” was awarded the second prize on innovation achievement of 20th Beijing enterprise management modernization. In the essay competition for commemorating 10th anniversary of the Promulgation of the “Two laws” held by business management departments of the People's Bank of China, our two employees were award as first and second prize winner respectively.
5 Foreign intercourse and cooperation
Actively develop foreign intercourse and cooperation. Our bank signed Agreement of Inter-bank Financial Business with Shanghai Branch of ING Bank N.V. in order to develop substantive cooperation in the area of RMB business. In addition, we entered into Agreement for Assignment of Credit Assets with Beijing International Trust & Investment Co.,Ltd. For the purpose of developing cooperation in capital business area, we also signed Inter-bank Cooperation Agreement with Volkswagen Finance (China) Co., Ltd.
6 The status among inter-banks
In July 2005, Among the list of 1000 global banks publicized by Britain magazine of “The Bankers”, our bank ranks 431th according to tier 1 capital standard, 13th among domestic commercial banks and 1st among city commercial banks; our total assets ranks 284th. Our bank, among the list of China's top 500 enterprises in 2005 publicized by China Enterprise Confederation, ranks 299th; 111th among the list of top 500 enterprises of service industry and 25th among the list of Beijing’s top 100 enterprises in 2005 jointly publicized by Beijing Enterprise Confederation and Beijing Enterprise Directors Association.
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