OREANDA-NEWS. January 24, 2012. ICBC's CPC Party Secretary and Chairman Jiang Jianqing presided over an enlarged meeting of the ICBC Party Committee to convey and advise the messages contained in the National Financial Work Conference. All ICBC staffs were urged to learn in-depth and implement various measures of the conference. Guided by the principles of the National Financial Work Conference, the enlarged meeting also conducted a seminar about ICBC's transformation, business restructuring and aggressive market share growth across all business segments, reported the press-centre of ICBC.

ICBC's CPC Party Committee said, this year's National Financial Work Conference is an important meeting convened during the critical period when China facing the impact of global financial crisis to maintain steady economic growth and financial stability. The meeting reviewed China's financial reform, development and practice in last five years, analyzed the new landscape in the current financial reform, opening up and development, and deployed the agenda for the next phase. The meeting set the tone for financial services to support and serve the economy and social development.

In days ahead, ICBC's CPC Party Committee urged all branches to embrace the National Finance Work Conference and align the Bank's general strategies and actions with the projection and guidance made by the Central CPC Party Committee and State Council on the economic conditions and financial reform and development. Understand the overall requirements and main principles of financial reform to better serve the Scientific Development and accelerate the transformation on the economic growth pattern. More efforts should be spent on corporate governance, financial innovation, risk prevention, overall strength, international competitiveness and anti-risk capability. The ultimate aim is to improve the level of financial services to real economy.

In bringing forward the principles of National Finance Work Conference, ICBC CPC Party Committee spelled out the following measures. I. Continue to act consistently to serve the real economy with a focus on loan management, credit outlay, loan recipients in order to support economic restructuring and industry upgrade. Priority should be given to the following areas. The first area is the advanced manufacturing sector, emerging industry of strategic importance, modern service sector and cultural industry. The other area is to drive internal demand by extending credit to consumers and offering easy access of financial services for people's everyday living. Initiatives should be taken to address the issues of companies, especially the small and micro enterprises, and offer comprehensive financial services to support real economy.

II. Work towards the objective of turning ICBC into a bank satisfied by the public. Use financial innovation, business process restructuring to supply the best financial products and services to cater specifically the increasing need of diversified financial services from all, lending active support to the economic development, improvement of people's livelihood and a harmonious society.

III. Follow the overall requirements of financial reform and development stated in the National Finance Work Conference to forge ahead the internal reform of ICBC, reform and innovation of system and mechanism in a bid to improve the management level of ICBC Group. Step up the reform on county sub-branches while driving the branches in large and mid-range cities to increase the offering of financial services to customers in counties and towns and serve the "Agriculture, Country and Farmers".

IV. Accelerate the pace in business transformation with priority on quality and sustainable growth. In moving forward globally under integrated operation, benefit from the coordinated development in fast growth, business scale, structure, quality and efficiency.

V. Ensure stable operation, establish a comprehensive, systematic and rigid risk management framework to improve risk control. Make sure the quality of assets remains stable given the complex and challenging economic conditions. All branches should keep the first priority to ensure stable growth, and maintain the stability of national economy and financial safety.