Beijing, China – Industrial and Commercial Bank of China Limited held its Q2 2024 Earnings Conference Call on August 30, 2024, with key executives and analysts in attendance.

Wang Liancheng, from the Corporate Strategy and Investor Relations Department, welcomed investors and analysts to ICBC’s 2024 Interim Results Announcement. Alongside the senior management team, including President Liao Lin and several Senior Executive Vice Presidents, Wang discussed the bank’s stable operating results and steady growth. The bank’s total assets exceeded RMB47 trillion by the end of the first half of the year, showcasing its leading position in the global market.

Duan Hongtao, the Senior Executive Vice President and Board Secretary, highlighted ICBC’s achievements in maintaining stable operations, growing assets and liabilities, improving services for the real economy, and enhancing drivers of high-quality development. The bank’s focus on deepening operational transformation, innovation, and risk management has led to improved asset quality and efficiency.

Looking ahead to the second half of 2024, ICBC aims to continue its focus on advancing five transformations and achieving a dynamic balance of value creation, market position, risk control, and capital constraints. The bank is committed to delivering stable and sustained returns to shareholders, both domestic and international.

Throughout the conference call, questions were raised concerning income and net profit trends, loan growth strategies, asset quality management, capital adequacy, and bond investment performance. ICBC executives provided detailed responses, outlining the bank’s initiatives to stabilize income and profits, manage loan growth, enhance asset quality, maintain capital adequacy, and expand bond business in a sustainable manner.

In conclusion, ICBC remains dedicated to serving the real economy and prioritizing high-quality development, demonstrating resilience and adaptability in the face of evolving market conditions. Through strategic initiatives and prudent risk management, the bank continues to position itself as a leading financial institution in the global landscape.