Chairman of the Industrial and Commercial Bank of China Yi Hui Man said that the needs of global trade and investment bring the globalization trend of financial services.The friction between the country is unavoidable, but cooperation in the global economy will be the mainstream.ICBC has basically ended the extension development stage of & ldquo; grabbing point & rdquo; for the extension development stage. The next international strategy focuses on & ldquo; localization & rdquo;
At the 10th anniversary of the 10th anniversary of the strategic cooperation of ICBC and Standard Bank, which was held on July 23, at the commemorative conference, Yizi said that ICBC entered the Standard Bank of South Africa in 2008, holding the latter 20%The equity has become the largest shareholder, and the total trading standard exceeds $ 5 billion, the largest overseas investment in ICBC.Sim TSHabalala, CEO of Standard Bank, said that it is the largest single investment in South Africa to South Africa today.
Yi Hui Man said that after the listing in 2007, ICBC vigorously promoted the internationalization strategy.Africa has huge market opportunities, with 30 million square kilometers of land and 1.2 billion people. It is an area composed of developing countries.China and Africa have developed well in the field of trade and investment, and China and Africa have a good relationship in politics and economy.
He said that the cooperation between ICBC and Standard Bank is a strong union.As the world's largest bank, ICBC reaches US $ 4.5 trillion; standard banks are the largest banks in Africa.& ldquo; After doing it in ten years, we felt that it was relatively successful, and the choice at that time was right.& rdquo;
ICBC has launched a total of 106 projects in the African market in 10 years, with a deposit loan amount of US $ 23 billion and a loan balance of 600-7 billion U.S. dollars.Africa is the second largest overseas market after ICBC after Asia.Both parties have cooperated on the remittance business, cash management and serving Chinese tourists to Africa.
Yihui Manchu that in 20 countries and regions covered by standard banks (excluding standard banks), the entire ICBC network has covered 45 countries and regions, with assets of 430-440 billion US dollars.If overseas business is regarded as an independent bank, ICBC ranks 58th in the global total assets and ranks 60th in total profits.However, in the entire group of ICBC, overseas assets account for only about 9%.
ICBC's international development strategy will make some adjustments.First, the extension of the extension, the grabbing point of the beach, and the development of connotation development are the main growth methods.A large number of stages of overseas settings have been basically completed.Second, insist on & ldquo; walk on two legs & rdquo; ICBC will continue to do a good job of bridge bonds as China and the global economy.EssenceThird, adapt to the current & ldquo; strict supervision, pre -supervision & rdquo; environment, further strengthen the control of compliance and comprehensive risks, and strengthen the construction of talent teams.Finally, strengthen cooperation with local banks and international financial institutions to improve the initiative of internationalization.
Why do Chinese companies come to Africa?Yi Hui Man said that after years of development, global trade investment has also been accompanied by society's progress.The theory of division of labor worldwide believes that there are differences in the endowment, development stage, industrial structure, and talent foundation of the country and the country, so there is a global division of labor.& ldquo; This is the same as that in the early days of reform and opening up 40 years ago, global entrepreneurs and companies in China are the same.& rdquo;
Yi Hui Man said that the economy determines finance and finance serves the economy.There are socialized division of labor and global trade and investment, and there is a globalization of the banking industry. This is an inevitable law.Even if phased friction or other conflicts may occur, from the perspective of the great development trend of human society, cooperation is always greater than differences.It can be seen from China's projects in Africa that cooperation will bring winning results from the perspective of government, people, banks, or enterprises.& ldquo; Cooperation can create well -being for the people of the two countries, which is also our strategic consideration that we must take this road.& rdquo; ■
