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ICBC Again Awarded “CCTV Top Ten Chinese Listed Companies”

Recently, CCTV Financial Forum Chinese Listed Companies Summit announced the list of “2018 CCTV Top Ten Chinese Listed Companies”. ICBC, with admirable operation performance, outstanding innovation ability, sound corporate governance and steady returns to shareholders, stood out among more than 3,500 A share listed companies and received this award for the second consecutive year.

Since its listing in 2006, ICBC has always adhered to serving the real economy, continued to enhance its capability in creating value and making contribution, and actively fulfilled its political, economic, and social responsibilities as a large state-owned listed bank. In recent years, ICBC proactively responded to changes in internal and external economic and financial situations, adhered to inheritance and innovation, maintained a steady growth while making progress in operations and continued to improve its comprehensive strength, value creation and international influence. Its operating revenue, net profit, total assets, loans, deposits, tier-1 capital, brand value and other core indicators are all among the highest in the world.

First, ICBC insists on improving the quality and efficiency of serving the real economy . During the first three quarters this year, its loan balance increased by RMB1,030.5 billion and non-credit financing and local debt investment increased by RMB740.1 billion. Among them, focus was put on supporting major projects and key engineering constructions, promoting improvement of weak links in infrastructure, facilitating emerging markets such as happiness industry, advanced manufacturing and Internet of Things and interconnectivity with loans, and supporting residents’ demand for reasonable housing and consumption upgrade.

Second, ICBC insists on creating value for shareholders. Since its listing, ICBC has been adhering to the long-term stable, cash dividend mechanism, creating generous cash returns for shareholders, maintaining a high dividend yield and constantly increasing the equity value. From 2007 till now, cash dividends have reached RMB815.8 billion accumulatively, the highest in annual terms among A share listed companies.

Third, ICBC insists on realizing sustained and healthy development while fulfilling social responsibilities. ICBC has always been dedicated to maximizing the comprehensive value in economy, environment and society, and actively fulfilling its social responsibilities, and thus wins wide recognition of the society. Specifically, it registers a loan balance for financial poverty alleviation at around RMB145 billion, dispatches nearly 1,100 full-time management personnel for poverty alleviation across 26 provinces nationwide and has recruited over 800 impoverished college graduates over the past two years. Since this year, ICBC has won “Best Social Responsibility Financial Institution Award”, “Most Responsible Enterprise in the List of State-owned Listed Companies on Corporate Social Responsibility”, “Most Responsible Enterprise of the Year”, “Excellent Corporate Citizen of the Year”, “Bank with Excellent Social Contribution of the Year” and “Best Anti-Poverty Bank of the Year”.

“Top Ten Chinese Listed Companies” is a big annual selection event produced by CCTV Financial Channel. The award list is reviewed and determined by CCTV Finance Index Expert Committee composed of well-known university scholars, 20 financial institutional representatives, China Association for Public Companies and other authorities.