Recently, Industrial And Commercial Bank Of China Limited (601398) convened an expert symposium themed "Transformation and Enduring Growth: Opening a New Chapter in High-Quality Development," reviewing the joint-stock reform of state-owned large banks and the 20-year development journey since ICBC (601398) went public, and soliciting opinions and suggestions from experts and scholars on further comprehensively deepening reform and advancing high-quality development of state-owned large banks.
Liao Lin, Party Secretary and Chairman of ICBC (601398), presided over the meeting, with members of the Party Committee leadership in Beijing, as well as some directors and senior executives, attending the symposium.
At the symposium, experts including Li Yang, Jiang Xiaojuan, Wang Yiming, Xie Ping, Wu Xiaoqiu, Bai Chong'en, and Wang Guogang spoke successively, engaging in in-depth exchanges on the current economic and financial situation, the development of new quality productive forces, and the reform and development of large banks, and offering suggestions for ICBC's (601398) next-stage high-quality development.
On October 27, 2006, ICBC (601398) was simultaneously listed on the Shanghai and Hong Kong stock exchanges, pioneering a new model of simultaneous A+H issuance and same-day listing. Over the 20 years since listing, ICBC (601398) has actively integrated into the broader national reform and development agenda, rooted itself in the real economy, served national strategies, and achieved remarkable development results: total assets grew 6.6 times, cumulative dividends to investors reached 1.64 trillion yuan, and total market capitalization has long maintained the top position among Chinese banks, consistently ranking among the global leaders in international assessments such as global systemically important banks, The Banker's Top 1000 World Banks, and the Top 500 Global Banking Brands.
ICBC (601398) will take the 20th anniversary of its listing as a new starting point, deeply practice the political and people-oriented nature of financial work, unswervingly follow the path of financial development with Chinese characteristics, more vigorously implement the financial work mainline of "preventing risks, strengthening supervision, and promoting high-quality development," anchor the goal of building a world-class modern financial institution with Chinese characteristics, and based on its positioning as the main force serving the real economy, the ballast stone safeguarding financial stability, the pacesetter optimizing operational quality and efficiency, and the benchmark bank strengthening its core responsibilities and main business, uphold Party building leadership, advance the five transformations, and accelerate the building of a first-class bank, a leading bank, a clean bank, and a modern bank, striving to write a new chapter of high-quality development on the new journey of serving Chinese-style modernization and building a financial powerhouse, seeking well-being for the people, shouldering missions for the nation, and creating value for shareholders.
Key officials from relevant departments of ICBC's (601398) head office attended the symposium.