What is the transformation direction of China Bank?

The development direction of China Bank will change greatly in the future, and banks should conform to the general trend of development.

First, conform to the domestic macro-cycle development trend. Bank credit should be more invested in key areas and weak links, including scientific and technological innovation, strategic emerging industries, green environmental protection industries, household consumption upgrading, rural revitalization and so on.

The second is to conform to the new pattern of opening up. The internationalization level and quality of the banking industry should be further improved. In terms of regional structure, it should concentrate more on the Asia-Pacific region, the Belt and Road Initiative and major international financial centers, and lean towards regions with great growth potential, friendly bilateral relations, frequent investment and trade exchanges and close industrial chains.

The third is to comply with the rising trend of direct financing. The operating structure of banks should continuously expand non-interest income, provide more investment banking services for enterprises to issue stocks and bonds, and provide investment and wealth management, insurance trust, private banking, new payment and settlement services for residents.