Three. Analysis of core competitiveness during the reporting period
The Bank adheres to the coordinated development of efficiency, quality and scale, constantly enhances its core competitiveness, and strives to become the best comprehensive financial service enterprise with distinctive business characteristics, outstanding profitability, good asset quality and leading key regions.
Scientific and efficient management. The Bank has always adhered to market-oriented operation, constantly improved corporate governance and business operation mechanism, and formed an organizational structure system with efficient management and professional division of labor. Drawing lessons from the development theory and practice of modern banks and combining with the requirements of party building, the Bank has established a perfect "three meetings and one layer" corporate governance structure, in which the party's leadership is organically integrated into corporate governance, and the shareholders' meeting, the board of directors, the board of supervisors and the senior management perform their duties in a standardized manner. According to the principle of separation of front desk, middle desk and back office, the bank has established a matrix management mode covering all departments and branches of the head office.
All-round and balanced development of business. Adhering to the traditional advantages and genes, the bank has formed a business structure with corporate banks as the main body and retail banks and financial markets as the two wings, and has gradually developed in the direction of "three drives". Focusing on the overall requirements of "striving for progress while maintaining stability and vigorously promoting transformation", the Bank actively promoted transformation, expanded the market, consolidated the foundation, adjusted the structure, strengthened its characteristics, made pragmatic progress, and achieved results in business transformation; The retail banking business system put forward 16 suggestions on retail transformation and upgrading and high-quality development of CITIC Bank in 2020-2023, aiming at customer service, building the preferred wealth management host bank for customers, taking digital transformation as the main line, promoting iterative upgrading of retail management system, and optimizing business model and growth with enhancing value contribution as the standard.
The mode of enhancing the market value of the whole bank; The financial market business adheres to the road of light development, actively carries out intra-group and inter-departmental cooperation, improves the overall operating level of customers, continuously promotes the in-depth development of various business innovations, accelerates the exploration of digital transformation, and comprehensively promotes high-quality sustainable development. During the reporting period, the Bank's profit structure was more balanced, and its capacity for sustainable development was further enhanced.
Risk control is scientific and effective. The Bank aims at establishing a risk management system of "effectively controlling risks and vigorously promoting development" and constantly improves the risk management system and mechanism. Accelerate the implementation of the system of business owners and full-time approvers, and stimulate the vitality of grassroots operations while improving the performance of the defense line. We will promote the implementation of unified credit management in an orderly manner, strengthen defense and risk control, and promote the integrated operation of customers. Actively practice the differentiated development strategy, support the development of high-quality manufacturing enterprises and small and micro enterprises, seize business opportunities in emerging industries, new infrastructure and other fields, optimize the credit structure, and improve the efficiency of resource allocation. Accelerate the construction of intelligent risk control system, continuously optimize technologies and methods, and improve the accuracy and predictability of risk prevention and control.
Financial technology promotes innovation. The Bank attaches great importance to the innovative application of financial technology. In view of the new trend of all-digital agile development in the digital age, it has achieved rapid development in the construction of scientific and technological core capabilities, the fight against "epidemic" in science and technology, the application of new technologies, and the transformation of organizational agility, and accelerated the release of scientific and technological empowerment dividends. The Bank has made continuous efforts in channel construction, intelligent application, scenario expansion, payment innovation and inclusive finance service, and actively promoted financial technology empowerment and digital transformation to enhance its core competitiveness.
Brand influence continues to improve. The bank leads the brand promotion with the brand slogan of "Keep your faith far away, be wise and unlimited", and enjoys a high reputation and influence at home and abroad with comprehensive financial products and excellent customer service. In 2020, the Bank ranked 2 1 in the "Top 500 Global Banking Brands" published by Banker magazine. In the ranking of global 1000 banks by Banker magazine, the bank ranks 24th in tier 1 capital.