How much does the complaint in the United States have on China Merchants Bank?Li Jianhong, chairman of China Merchants Bank: The worst preparation for risk management should be made to strive for the best results.
On June 27, China Merchants Bank held the 2018 Annual shareholders' meeting.After simply reading the bill, the shareholders 'meeting was named only three shareholders' questions at the scene. The problem mainly involved the transformation of fintech, risk control, and the situation in the United States.
Make the worst preparation and strive for the best results
At the scene of the shareholders' meeting, investors asked: The Washington Post previously reported that the three large Chinese banks refused to implement the US court's subpoena on violations of North Korean sanctions investigation and will face the risk of being cut off the Capital Clearance channel. How much does this impact on the China Merchants Bank?
Li Jianhong, chairman of China Merchants Bank, said: This problem is more sensitive, and he still has to be announced according to the standard.He said that a strong sense of risk can resolve risks, make the worst preparations, and strive for the best results.
Li Jianhong read out a public response disclosed by the China Merchants Bank: China Merchants Bank noticed the relevant reports of the Washington Post in the United States, which involved US courts to retrieve customer information from Chinese commercial banks.This belongs to the category of judicial assistance for cross -border investigation and evidence collection. According to the Sino -US criminal judicial assistance agreement signed by China and the United States, judicial assistance must be carried out in accordance with the provisions of the agreement.
At the same time, China Merchants Bank stated that China Merchants Bank has always strictly complied with Chinese law, relevant UN resolutions, and other applicable sanctions laws, and has not been investigated by suspected violation of any sanctions law.
Strong awareness of risk can resolve risks, which is a famous saying in the academic community of risk management.China Merchants Bank must make the worst preparations in risk management, and strive for the best results. Risk management must eliminate the shortcomings of blind spots.Li Jianhong emphasized.
The main competitors are in the other industry
Regarding the competition in the banking industry, Li Jianhong said that although many banks want to study and overtake China Merchants Bank on retail, the main competitors of China Merchants Bank are in the other industry, and financial technology companies will have a revolutionary impact on the traditional financial industry.
He pointed out that China Merchants Bank will increase scientific and technological research and development. In 2018, China Merchants Bank increased the amount of financial technology innovation project funds added by China Merchants Bank from 1%from 1%before the previous year to 1%of the previous year's revenue, and established a fault tolerance mechanism for scientific and technological investment.The success rate of fintech innovation is very low, but as long as one success can bring a great subversion.China Merchants Bank has to walk in front of the industry in fintech.He pointed out.
China Merchants Bank President Tian Huiyu said that the two major financial technology platforms of China Merchants Bank are two major apps, which have realized the connection between customers, products, employees, outlets, and cooperation. These five factors can be connected to the platform.The platform layout has been initially completed last year. The focus of this year is to string these five factors through digitalization to achieve data acquisition and operation data.So far, this work is specifically reflected in four aspects: digital customer acquisition, digital operation, digital risk control, and digitalization process.
In terms of risk management and control, Tian Huiyu pointed out that China Merchants Bank had done a pressure test some time ago, focusing on mortgage loans.The non -performing rate of mortgage loans of China Merchants Bank is 0.14%. It uses three situations for pressure testing. It is assumed that house prices decrease by 10%, 20%, and 30%. Under extreme cases, the adverse rate of China Merchants Bank looks pretty good.
Wang Liang, the vice president of China Merchants Bank, added that the quality of the assets of China Merchants Bank was in the leading position in the banking industry.
As of the end of 2018, China Merchants Bank's total assets were 6.75 trillion yuan, an increase of 7.1%over the beginning of the previous year.In 2018, the net profit of the China Merchants Bank was 80.56 billion yuan, an increase of 14.84%over the previous year; the average net asset yield (ROAE) attributable to ordinary shareholders was 16.57%, an increase of 0.03 percentage points year -on -year; the non -performing loan rate was 1.36%.0.25 percentage points decreased from the end of the previous year.
Real estate loans should prevent the risk of gray rhinos. Risk management and control risks include: Limit management, list system management (only the business enterprises in the whitewashing list are carried out business) from the entire bank's loan), only put real estate loans in first- and second -tier cities, and mainly invest in residential housing categories.loan.
Credit card credit rose last year. China Merchants Bank began to adjust the credit card credit policy since last year. The non -performing rate of credit cards was 1.1%at the end of last year, but in the first quarter, it still increased.
In terms of small and micro loans, Tian Huiyu pointed out that during the second transformation, China Merchants Bank took the small and micro business as a strategic transformation direction.There are many models of small and micro business, and the China Merchants Bank model is a scientific and technological advantage.
