And we also have a very prudent standard for identifying NPLs and we have fully and truly reflected the NPL status in the real estate sector. We also promote the social capital to support rural areas and ICBC will continue our support for Rural Development building and governance. We prioritize our main businesses and we coordinate total volume increment quality, pace price of the investment and financing. Our capitalization by the end of the last year totaled more than RMB200 billion ranking first among Chinese banks. So it is fair to say that the, fundamentals of ICBC is good, and the return is also stable. This plays a very important role for as the ballistic stone for the stability of the asset quality of the bank. The shrink outperformed other banks. And we showcased ICBC's feature of stability and resilience. Now let's can get another question. So as to target we meet their demands and increase the digital and smart level of wealth management services. And we continue to have the moratorium of principles and interests to help lessen the financial burden for our customers. That's the basic growth in the past several years. The coverage was improved also we promote the ICBC building ECOS was awarded by PBOC's special from eco, digital eco digital assets, technology, infrastructure and gene from the five dimensional patterns. Fundamental company data and analyst estimates provided by FactSet. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. I want to ask a question about the asset quality. Thank you. Would you please introduce the gross high growth of ICBC and these highlights? The assets management totaled RMB4.9 trillion. The provision balance increased by over RMB72 billion. We have this following points says that we optimize the de-structure for investment and financing structure. For the past several years, we enhanced the Investor Relations management. And this is the opportunity of the true way opening up of financial markets and the internationalization of RMB and will assist the opportunity of the RCET taking effect and expand the settlements and the finances scale. We have launched the environmental risk stress test. Statements. The next question is from [indiscernible] of Morgan Stanley. Cut fees and share profits with the real economy is a native requirement for fulfilling the social responsibility. So all in all, overall asset quality in 2021 is healthy and under control. We continue to promote the low carbon transition. Thank you for this opportunity. We fully use our expertise and diversification advantage and provide for customers with opportunities to share reform and development fruits. Overseas banking and other business contributed 8% of total revenue and 9% of profit before tax in 2019. We innovate the ESG rating and index through search, with tools and - with quantitative tools. We will strengthen the. So that risk control is carried out in a more detailed way. Thank you. And we coordinate economic control and the growth so that our new plan could have a very good start. We want to reach more results and a reform and implement. It is also a sure path for a bank to seek to the -- to have this commercial stability. First improve the quality and effects for serving the real economy. And we'll carry out our work in the following parts -- in the following aspects. Thirdly, we improve environmental social risk prevention. Provision coverage ratio was also were led by strategy and driven by technology. Before that we have collected questions from the investors and meanwhile, you can also leave messages at our platform, and we'll choose the questions to respond. And the growth and the increase and increment are both among the top in terms of our peers and we also have a new bond investment by more than RMB760 billion and our range for investment is more balanced. We also shows the feature of specialization. Is this happening to you frequently? We have noticed your annual results NIM is, a little bit lower than that of last year for 2021. Corporate banking, retail banking, and wholesale banking accounted for 47%, 40%, and 13% of total revenue, respectively, and 55%, 31%, and 14% of profit before tax in 2019. The foundation for high quality development was further enhanced. The customers deposit balance reached RMB26 trillion, the daily increment was RMB1.81 trillion, the volume ranked first around the world. The advantage of being big solidified further assets capital deposit loans continue to rank first. And on the other hand managed to divert in the - housing manner and we have managed to accomplish the remediation at the transition periods. And in collection sector, we enhanced our efforts to dispose of NPLs. (e in b.c))if(0>=c.offsetWidth&&0>=c.offsetHeight)a=!1;else{d=c.getBoundingClientRect();var f=document.body;"pageYOffset"in window?window.pageYOffset:(document.documentElement||f.parentNode||f).scrollTop);d=d.left+("pageXOffset"in window?window.pageXOffset:(document.documentElement||f.parentNode||f).scrollLeft);f=a.toString()+","+d;b.b.hasOwnProperty(f)?a=!1:(b.b[f]=!0,a=a<=b.g.height&&d<=b.g.width)}a&&(b.a.push(e),b.c[e]=!0)}y.prototype.checkImageForCriticality=function(b){b.getBoundingClientRect&&z(this,b)};u("pagespeed.CriticalImages.checkImageForCriticality",function(b){x.checkImageForCriticality(b)});u("pagespeed.CriticalImages.checkCriticalImages",function(){A(x)});function A(b){b.b={};for(var c=["IMG","INPUT"],a=[],d=0;d. We serve the manufacturing. This year ICBC will firmly commit itself to the path of financial developments with Chinese characteristics continue to create long value - long-term value returns and write a new chapter in building a world-class modern financial enterprise with Chinese characteristics. We'll have existing a business and increasing business and on sheet and off sheet assets we have as much as 10. We also strengthen our WA management and credit asset based securitization. ");b!=Array.prototype&&b!=Object.prototype&&(b[c]=a.value)},h="undefined"!=typeof window&&window===this?this:"undefined"!=typeof global&&null!=global?global:this,k=["String","prototype","repeat"],l=0;lb||1342177279>>=1)c+=c;return a};q!=p&&null!=q&&g(h,n,{configurable:!0,writable:!0,value:q});var t=this;function u(b,c){var a=b.split(". Thirdly, our risk management is increasingly effective. So that the efficient at cutting edge laps and holded the things hack innovation competitions for five consecutive years to stimulate more innate drive for innovation. We led the drafting of disclosure guidelines published by PBOC since IPO for 14 consecutive years we published ESG report, and also published special reports on green bond and green finance - helped to the draft of green finance investment index included in the achievements list of the Belt and Road summit. Second, free service items have increased from 109 to 149. And it's also a good question. The data can show ICBC's leading position in wealth management. The Vice President Mr. Zhang Wenwu will answer this question. I'll give you a couple of data first last year as a business domestic branches AUM totaled RMB17 trillion, generating profits for customers of RMB250 billion through agency wealth management business, we reported non-interest income of RMB24.5 billion of which the wealth management customers totaled 21 million, AUM 3.9 trillion, private banking customers totaled 199,000 with AUM of 2.3 trillion with subsidiaries overseas institutions. The balance ranked first for project loans is up by several RMB100 billion by RMB4.46 billion y-o-y. We improve the adaptability, competitiveness and inclusiveness the total volume of increased - investments and financing increased domestic RMB loans increased by RMB2.12 trillion up by more than RMB200 billion for bonds up by more than RMB700 billion up by 9.5%. Our priorities are FinTech and Financial Innovation. Last year they served the new development landscape and served the new -- the real economy's demand, and they have played a leading role. And also thank friends from the media, investors. So as to improve the effectiveness of our inclusive finance services. Do you have passage for stock repurchase? And I can see that the asset quality is getting better.

Contained all interim report First, we have this reduction and this cut and this moratorium. And the personal loans NPL ratio is only 0.49% or 7 bps lower than the beginning. Now let's come to the Q&A session. Please disable your ad-blocker and refresh. We pay attention to the accumulation of the 60 basis and give full play to the fixed income assets. The profitability is improved ROA/ROE are both better than the previous year. And for the performance of this year, we are quite confident mainly from the -- for the following three reasons. And we also solidify the de-quality our provisional coverage ratio has reached 205% that is 26.16 bps higher than the beginning. Our group wide personal customers AUM reached 18.6 trillion. ":"&")+"url="+encodeURIComponent(b)),f.setRequestHeader("Content-Type","application/x-www-form-urlencoded"),f.send(a))}}}function B(){var b={},c;c=document.getElementsByTagName("IMG");if(!c.length)return{};var a=c[0];if(! Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. First, we'll continue to improve the operation quality of our credits business, strengthen our support for major projects, SMEs, green finance and Rural Rejuvenation, and so that our surveys could be more adapted to the real economy. We accelerate the building of online wealth community, customer investors, agency institutions and asset managers can integrate a new platforms.

We will build customer classification layer and group based management system to meet differentiated demand from the customers we built online and offline service system. You asked about our mentality for credit business this year. Such - we enhanced the wealth management of - while bringing this asset to the balance sheet. The next question is from [indiscernible] of Times. We have this risk management pass of proactive prevention and smart control and comprehensive management to maintain that the risks are controlled in stable manner and the asset quality is getting better. We coordinate growth and security. On the other hand, we also see the features of the demand in this regard, we provided full Lifecycle Services. They rollover RMB2.48 trillion the total volume and increment let the sector our green bond and underwriting also ranked - also led the sector. And since 2018, ROE is getting lower, also a measure to improve - to increase the PB and how to manage the capitalization. It also shows our features in wealth management first. We improve the customer experience and operation value. In service, we improve our comprehensive service. Internal capital replenishment and also we are the largest company with a large 4.5 billion and a percent quite attractive to investors. In 2021, we indeed have temporal increase of NPL ratio in terms of real estate, mainly because of the deterioration of the major risky borrowers, but actually the real estate loans in ICBC is only taking up a very low proportion that is lower than 4%. What about ICBC capital replenishment was any plan for this year. For the broadest base of customers, we will launch differentiated service plans. In this conference, we have Mr. Liao Lin, President; Mr. Zhang Wenwu, Vice President; Mr. Zhang Wenwu, Vice President and Mr. Guan Xueqing, Board Secretary. First prioritize stability and prevent risks will optimize our network services system and adjust and optimize our strategies in house the beauty of long-term mechanism for compliance and risk control and coordinate development and security will pay close attention. We are proud of that. For key scenarios building, we accelerate the pace. This year, we plan to distribute RMB2.933 for 10-share with tax which will be deliberated on the Annual General Meeting. We strive to build a comprehensive risk management system. You can share and what are your key indexes steps was raised to the 2030 as a six day carbon peaking and the carbon neutrality targets? China bank ended the transitional period for wealth management to regulate don't worry we ask the question so one-by-one about the existing wealth management businesses. Thank you for your question. RMB loans balance recorded over RMB 10 trillion for the first time. And we have a corporation was as many as 28 provinces and carried out more than 300 [indiscernible]. I would like to make a brief introduction for brain out sprints. The daily deposit's has seen the expansion of scenarios which offsets the costs of the liabilities. The next question is from [Joshua Shuai] of CICC. Interim Financial Disclosure

Our agriculture related loans reached 2.66 trillion, up by 17.9%, higher than the average growth of RMB loans in laying a solid foundation. We have green finance committee in the management we have yielded fruitful results. This year, we'll make three breakthroughs. And also our implicit values are growing our net asset per share has grown mission quality and properly balance creates more returns. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Also we are here to ESG development. Last year is the first year for President Liao to be the President of ICBC, that bring out preference to make up for weaknesses and lagging, laying a solid foundation. In corporate finance our balance of deposits was over RMB13 trillion we then came first. We see them as active. We improved our governance first, the green finance as the internalized thing to our development, pre-sub poll. We'll use the results announcement and Investor Relations management to answer - address the [technical difficulty] ICBC's innate value [technical difficulty] first in question. Active prevention, smart control and comprehensive management are the paths for online-offline and the four books we adopted the approach to tighten the safety valve in customer based on GBC integration, we expand customer base and deposits growth. ICBC is headquartered in Beijing and operates 16,270 outlets. And it is our opinion that our good performance comes from the following three aspects. As the interest generating assets reduced a little bit then question. And we have this normal method and innovative method to control the risks for the risk loss, we have this pre-warning and pre-identification and/or else we have mechanisms to have the joint risk prevention. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. We'll also focus on key and then share the bonuses will expand international cooperation and explore a feasible financing models. And the overdue loan is 1.23% or the 21 basis points lower and the CAS GAAP is minus. [CDATA[ Now the first question please. I'd like to have a question that it is pointed in the Central Economic Conference that the Chinese economy is at three pressures that is demand contract impacted supply and weakened expectations. And what's the situation in terms of card fees and share profits with real economy? We have this big data platform that is innovative, reliable and effective and easy expandable and we are the first among the peers to build an enterprise level data made office. I think the [technical difficulty] to announce - have information that needs to be disclosed [technical difficulty]. And last year we emphasize on the average gross and maintain the pace and effect of the credit, for the past year the feature is that the -- the feature is that the first part of the demand is high and the second is lower and we adjusted our range for the investment and also support for this year. Fourth, digital building. We take a proactive approach to adjust credit structure in key regions. announcements since 2011, Mainland China and Overseas Payment Service, Factoring And Account Receivable Financing, Account Opening Support for Overseas Enterprises, FX plus - FX & Precious Metal Trading Services, CNY Non-Deliverable Forward (NDF)/ CNH Deliverable Forward (DF), RMB Non-Deliverable Interest Rate Swaps (CNY NDIRS) /RMB Deliverable Interest Rate Swaps (CNH DIRS), Verified by VISA/MasterCard SecureCode Service. And you mentioned about the NPLs in the real estate sector. ICBC carry out the requirement by government, we carried out the remediation task to see tiny windows stressing the price management and the mid-office risk management. These corporate finance is our traditional strength we should give into full play. Such strategy was impressive. Yes, and I think the asset quality is getting better. It's mainly result of the adjustment on the capital market. We will try to accelerate the building as a first-class modern financial institution. Among the complicated external environment, we carry out this major task of the finance work and serve the real economy while realizing our own high growth. Last year, we have this leading cloud computing and distributed technology structure basement and we now have the largest the strongest and of ICBC. ("naturalWidth"in a&&"naturalHeight"in a))return{};for(var d=0;a=c[d];++d){var e=a.getAttribute("data-pagespeed-url-hash");e&&(! And the -- we also collected written off loans and we have this increase of 1.23% in terms of collected return of loans. We provide full Lifecycle Services, the inclusive finance increments, reached more than RMB300 billion up by 52.5%. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by Industrial & Commercial Bank of China. The volume function and features are our -- our are concerns. We ranked top among the Top 2000 banks for Forbes and Top 1000 banks for the bank - the banker magazine for consecutively nine years. The external environment is increasingly complex, but from the data from the previous two years, we have seen the warmth in the economy of China. We issued AT1 - equivalent of RMB140 billion and T2 capital bond RMB90 billion. We look to the 45-year plan and implement our strategies build our digitalization. We are the first to have more than RMB100 million in terms of MAU for personal mobile banking. And while having maintaining the macro-economic stability, we have this high-quality growth of ourselves. This year we will continue to lay out their strategy, so that the big elephant can dance, ICBC can continue to support the development of the economy. We manage four books comprehensively, one for domestic and overseas investors one for off balance sheet and on balance, one for commercial and investment banking and other business and one for online offline business. We promote our strategies. And it's also for ICBC to implement its new three-year - strategic development plan.

First in increment, we increased our finance supply, we support the transmission of macro policies last year, the inclusive finance growth was over 52%, customer growth was over 34%, outperforming other banks. In 2021, our asset capital deposit and loan maintained the first step globally and the capitalization and the total dividend payout is the first among domestic peers. And you also asked about the measures for this year. Second, the quality of being optimal increase ROE was 12.15% ROA, 1.02%, NIM was 2.11% outperforming other banks. And deposit at - personal deposit at RMB12.5 trillion. Source: Kantar Media. Among these outlets, 417 outlets are located in 42 countries and regions overseas. Fourth, orderly promote carbon peak and carbon neutrality from asset side and operation side. The total assets exceeded RMB35 trillion operating income more than RMB800 billion.

First in working in the forward-looking manner, we will have the mentality that we'll have more increase as compared to the same period last year and around the cross cycle and counter cycle adjustments will relatively have early investments in accredited business and will have coordinated work, we will have this link between credit investment and bond investment, so that fiscal and monetary policies that could work together better. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. For proper customers we provide proper products in proper ways. Is there any new breakthrough and what strategic values have been created? And please have faith in the quality of our assets. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements.

We perfect the comprehensive risk management system. We also supply and serve last year, we steadily pushed for the operation and handed out the results pressured by ability and progress, our overseas institutions operation results has seen improvement and the profit to increase by 13%, our Panama branch has officially opened for business and our network is further optimized. We increase our support for key regions with upgraded structure. And we have both traditional and non-traditional risks. Thank you. And in the future, we're tied to over difficulties with our customers and help the financing cost to be stable and have some decrease.

The bank is China's largest by asset scale and by share of lending and deposits. Last year is the first year, but the strategy has achieved great results, supporting our high quality development for the implementation. We are the only ones who receive the award. We issued AT1 - equivalent of RMB140 billion and T2 capital bond RMB90 billion. We continue to solidify institutional, corporate settlement and transaction finance in our advantage. capabilities, strong optimal big are the features the foundation for strong was solidified, our capital adequacy ratio was 18.02 point by 1.14 percentage points up forming other global banks. Last year, faced with a more complex and voluntary external environment, ICBC conscientiously implemented the decisions and arrangements of the CPC Central Committee and the State Council. (e in b)&&0=b[e].o&&a.height>=b[e].m)&&(b[e]={rw:a.width,rh:a.height,ow:a.naturalWidth,oh:a.naturalHeight})}return b}var C="";u("pagespeed.CriticalImages.getBeaconData",function(){return C});u("pagespeed.CriticalImages.Run",function(b,c,a,d,e,f){var r=new y(b,c,a,e,f);x=r;d&&w(function(){window.setTimeout(function(){A(r)},0)})});})();pagespeed.CriticalImages.Run('/mod_pagespeed_beacon','','8Xxa2XQLv9',true,false,'FgdQ77s8SEI'); So the investment direction is we have the key features to support the key areas and the development. In order that more friends and investors could have opportunities, I suggest that each one has only one question and tell us your institution and your name before asking question. First, the economic outlook of China is the brightest backdrop for ICBC's performance. And we also collected - the collected assets from the return of assets. First, the strong foundation is further solidified CAR has exceeded 18% it's among the best in the major banks globally NPR ratio 1.42% up by 16 basis points. In Rural Rejuvenation, we will continue enhanced, we launched ICBC single application to improve our financial service to provide more were provided, we participated in related activity agriculture operation players have seen their balance of loans over RMB120 billion up by 32%. I think the key word is stability, progress and reform. We have this innate stresses, innate value and through the quickening of digital transformation, we will further cut costs and to bring up more effects. Fifth, we continue to enhance the green finance brand and make forward [technical difficulty] constraints that - since the listing ICBC's price is very good. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Our ratings in ESG from the international institutions are improved. First, our ECOS achieved the only special award by PBOC's first FinTech development awards. It is, since last year we have the central economic conference and we have already have two sessions this year and we will carry out the government policies and we'll follow the arrangement of the government and ICBC will put more emphasis on supporting the stability of growth and will use the strength in a forward-looking coordinated and powerful manner. We'll use our systems and the smart solutions and Blockchain technologies to use digital smart risk control to improve the group risk control level. We contribute to the society's development. In the long run ICBC always have this policy that we'll have this indigenous development we always have our own R&D. With this one window for all application acceptance, we have covered 31 provinces and provided inclusive and convenient services for many villages and around the demand for our customers in the rural areas. Fifth, inclusiveness our wealth management businesses focus on both middle, high-end customers and also the broadest base of customers. Industrial & Commercial Bank of China Ltd. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. We keep optimizing the asset quality. And internet one we have disposed of NPL by the amount of RMB190 billion. For key regions competitiveness improvement strategies, the increments accounted for 74% of the total for the coordinated development of rural and urban area. We will better the guarantee of customers safety of wealth. So we have more pertinent work that is to pertinently serving the government's policy and strengthen our support to manufacturing industry, innovation, green growth and inclusive finance and supported the Belt and Road Initiative and use digital manners to better serve the SMEs and new rural area operating players and serve the demand for the new citizens of the cities, so that our financial services have wider coverage and have a wide, better accessibility to make our own contribution. At ICBC the financial results are still robust so, what's driving last year's NIM has two features. And what's your plan and measures for this year?
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