OREANDA-NEWS. December 05, 2011. The 7th China Securities Market Annual Conference Award Ceremony was held at Diaoyutai State Guesthouse in Beijing. With excellent business performance and outstanding social contributions, Industrial Bank (IB) was awarded the “Golden Tripod Award” for blue chip companies, reported the press-centre of Industrial Bank.

Initiated and sponsored by Securities Daily, the China Securities Market Annual Conference is an annual high-end summit for the Chinese securities circle. It has been held seven times since its initiation in 2004. The Shanghai Securities Exchange, Shenzhen Securities Exchange and China Financial Futures Exchange are the directing institutions of the annual conference. This annual conference has established seven Awards including the “Golden Tripod Award”, “Golden Eagle Award”, “Golden Phoenix Award”, “Golden Abacus Award”, “Golden Goblet Award”, “Golden Key Award”, and “Pioneer Award” for listed companies, fund companies, securities companies and intermediaries, etc. respectively. Specifically, the “Golden Tripod Award” is set up particularly for blue-chip companies.

The appraisal is mainly based on financial data such as the last two years retained profit sustained growth trends of blue-chip companies, and their contributions to the net profits of the A share market in the last two years, as well as indices such as their support to the national economy and performance of social responsibilities. With the winner chosen through public appraisal by experts by way of internet voting, the award enjoys a relatively high authority in the industry.

Faced with the complicated economic situations both at home and abroad in 2011, IB has implemented and enforced the national macroeconomic control policies and financial supervision requirements in an earnest manner, responded to the profound changes in business environment in a flexible way, and achieved excellent business performance with its steady operation and active initiatives. By the end of the third quarter of 2011, the total assets of IB reached RMB 2.09 trillion, up 13.11% on the beginning of this year; realized net profits hit RMB 187.88 billion, up 38.20% on the same period.

At the same time, as the only Chinese financial institution to have adopted the Equator Principles, IB has kept on improving its corporate governance and performing its social responsibilities earnestly, and by exploring innovation in the business model of sustainable finance through “obtaining reasonable profits while bringing benefits to stakeholders”, the Bank is committed to realizing the environmental, social and economic sustainability of banking.