中国工商银行ICBC市场调研和分析报告（英文版）-2024年1月上传培训课件

COMPANIES

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PRODUCTSIndustrialandCommercialBankofChinaCHAPTER

01OverviewMarketcapitalizationofthe100largestbanksworldwidefrom1stquarter2016to2ndquarter2023(intrillioneuros)Marketcapitalizationof100largestbanksworldwide2016-202376543210Q1

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20233Description:Themarketcapitalizationofthe100largestbanksfluctuatednotablybetween2016and2023,withanoverallstagnatingtrendinrecentquarters.Inthesecondquarterof2023,themarketcapofthelargestbankswas5.4trillioneuros,upfrom5.2trillioneurosinthepreviousquarter.Marketcapisthenumberofsharesinacompanymultipliedbythepricepershare.Inthiscase,thesectormarketcapisthesumofthismetricforthe100largestbanksworldwide.

ReadmoreNote(s):Worldwide;Q12016toQ22023Source(s):zebconsultingLargestbanksworldwideasofDecember2022,byassets(intrillionU.S.dollars)Largestbanksworldwide2022,byassetsTotalassetsintrillionU.S.dollars01234567Industrial&CommercialBankofChinaLtd.(China)ChinaConstructionBankCorporation(China)AgriculturalBankofChinaLtd.(China)BankofChinaLtd.(China)5.745.024.924.19JPMorganChaseBankNationalAssociation(U.S.)BankofAmericaNationalAssociation(U.S.)MitsubishiUFJFinancialGroupInc.(Japan)HSBCHoldingsplc(U.K.)3.673.052.972.862.85BNPParibasSA(France)CreditAgricoleSA(France)2.542.42CitigroupInc.(U.S.)PostalSavingsBankofChinaLtd.(China)SumitomoMitsuiFinancialGroupInc.(Japan)MizuhoFinancialGroupInc.(Japan)BankofCommunicationsCo.Ltd.(China)2.042.011.911.884Description:Thelargestbankintheworldbasedontotalassetsin2022wastheIndustrialandCommercialBankofChina(ICBC).Thebank'stotalassetsreachedapproximately5.74trillionU.S.dollarsthatyear.ThefollowingthreelargestbanksthatyearwerealsoChinese:ChinaConstructionBank,AgriculturalbankofChina,andBankofChina.ReadmoreNote(s):Worldwide;2022;*FinancialdataadjustedforthependingsaleoftheretailbankingbusinessofHSBCContinentalEuropeSA.**FinancialdataadjustedforthependingsaleofBankofWestandcompletepurchaseofbpostbanqueSA.[...]ReadmoreSource(s):S&PGlobalTotalassetsofbanksinChinafrom2007to2021(intrillionU.S.dollars)ValueofbankassetsinChina2007-20215046.384540353025201510541.635.332.931.0428.9726.9624.4122.2719.1616.14201112.94201010.48.266.55020072008200920122013201420152016201720182019202020215/statistics/421410/banks-assets-chinaIn2021,thevalueofbankassetsinChinaamountedto46.4trillionU.S.dollars,almostfivetrillionU.S.dollarsincreasetothepreviousyear.Thevalueofassetshadincreasedovertheobservedperiod.Withintenyears,thevaluehadmorethantripled.ReadmoreNote(s):China;2007to2021Source(s):FinancialStabilityBoardCashreserveratioinbigbanksinChinafromJanuary2019toApril2023CashreserveratioinbigbanksinChina2019-202314.0%13.5%13.0%12.5%12.0%11.5%11.0%10.5%10.0%13.75%1

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%11.13%11%11%11%10.1705.%75%6Description:InApril2023,thecashreserveratioofbigbanksinChinawas10.75percent.Thecashreserveratiodescribestheamountofcashbankshavetodepositatthecentralbanktomaintainbackupliquidity

ReadmoreNote(s):China;January2019toApril2023Source(s):People'sBankofChina;TradingEconomicsInterestondepositaccountsinChinafrom2009to2022InterestondepositaccountsinChina2009-20224.0%3.5%3.5%3.0%2.5%2.0%1.5%1.0%0.5%0.0%3%3%2.75%2.75%2.25%1.5%20151.5%20161.5%20171.5%20181.5%20191.5%20201.5%20211.5%20222009201020112012201320147Description:In2022,thedepositinterestrateinChinadidnotchangeincomparisontothepreviousyear.Thedepositinterestrateremainedat1.5percent.ReadmoreNote(s):China;2009to2022Source(s):WorldBankCHAPTER

02KeyfinancialsOperatingincomeoftheIndustrialandCommercialBankofChinafrom2012to2022(inbillionyuan)OperatingincomeoftheIndustrialandCommercialBankofChina2012-20221,000900860.88841.44800.08776800725.12697.65675.89675.657006005004003002001000658.89589.64536.94201220132014201520162017201820192020202120229Description:In2022,theoperatingincomeoftheIndustrialandCommercialBankofChinareachedalmost841billionyuan.Basedonitsassets,thebankwasnotonlythelargestinChinabutalsoinaglobalcomparison.ItbelongstoChina's"BigFour"largestate-ownedbanks.ReadmoreNote(s):Worldwide;2012to2022Source(s):IndustrialandCommercialBankofChinaOperatingexpenseoftheIndustrialandCommercialBankofChinafrom2013to2022(inbillionyuan)OperatingexpenseoftheICBC2013-2022300250240.88236.23220.84218.67207.78206.59204.14193.11194.220015010050186.190201320142015201620172018201920202021202210Description:In2022,theoperatingexpenseoftheIndustrialandCommercialBankofChinareachedalmost241billionyuan.Basedonitsassets,thebankwasnotonlythelargestinChinabutalsoinaglobalcomparison.ItbelongstoChina's"BigFour"largestate-ownedbanks.ReadmoreNote(s):Worldwide;2013to2022Source(s):IndustrialandCommercialBankofChinaNetprofitoftheIndustrialandCommercialBankofChinafrom2012to2022(inbillionyuan)NetprofitoftheIndustrialandCommercialBankofChina2012-2022400350300360.48350.22317.69313.36298.72287.45276.29277.72279.11262.97238.692502001501005002012201320142015201620172018201920202021202211Description:ThisstatisticshowsthenetprofitoftheIndustrialandCommercialBankofChina(ICBC)from2012to2022.Intermsoftotalassets,theICBCisthelargestbankinChina.In2022,theIndustrialandCommercialBankofChinahadgeneratedanetprofitofapproximately360billionyuan.ReadmoreNote(s):Worldwide,China;2012to2022Source(s):IndustrialandCommercialBankofChinaTotalassetsoftheIndustrialandCommercialBankofChinafrom2012to2022(inbillionyuan)TotalassetsoftheIndustrialandCommercialBankofChina2012-202245,00040,00035,00030,00025,00039,609.6635,171.3833,345.0630,109.4427,699.5426,087.0424,137.2722,209.7820,609.9518,917.820,00015,00010,0005,000017,542.22012201320142015201620172018201920202021202212Description:ThisstatisticshowsthetotalassetsoftheIndustrialandCommercialBankofChinafrom2012to2022.Intermsoftotalassets,theIndustrialandCommercialBankofChinaisconsideredthebiggestbankinChina.In2022,theIndustrialandCommercialBankofChinareportedtotalassetsworthapproximately39trillionyuan.ReadmoreNote(s):China;2012to2022Source(s):IndustrialandCommercialBankofChinaCommonequitytier1capitalequityratiooftheIndustrialandCommercialBankofChinafrom2013to2022Commonequitytier1capitalequityratiooftheICBC2013-202216%14%14.04%13.31%13.2%13.18%12.98%12.87%12.87%12.77%11.92%12%10%8%10.57%6%4%2%0%201320142015201620172018201920202021202213Description:In2022,thecommonequitytier1capitalequityratiooftheIndustrialandCommercialBankofChina(ICBC)amountedtoover14percent.TheTier1commoncapitalratioisaquantitativeindicatorofabank'scoreequitycapitalasmeasuredbyitstotalrisk-weightedassets.Itssignificanceinassessingabank'sfinancialstrengthisderivedfromitsTier1commoncapitalratio.ReadmoreNote(s):Worldwide,China;2013to2022Source(s):IndustrialandCommercialBankofChinaNon-performingloanratiooftheIndustrialandCommercialBankofChinafrom2013to2022(inbillionyuan)NPLratiooftheICBC2013-20221.8%1.62%1.58%1.55%1.6%1.52%1.5%1.43%1.42%1.38%1.4%1.2%1.0%0.8%0.6%0.4%0.2%0.0%1.13%0.94%201320142015201620172018201920202021202214Description:In2022,thenon-performingloanratiooftheIndustrialandCommercialBankofChina(ICBC)reached1.55percent.Aloanbecomesnon-performingwhenrepaymentisdelayedortheborrowerisunlikelytorepayit.TheNPLratioiscalculatedbydividingthevalueofnon-performingloansbythetotalvalueofloansandadvancestocustomers.Itisameasureofthequalityofabank'sassets.ReadmoreNote(s):Worldwide,China;2013to2022Source(s):IndustrialandCommercialBankofChinaCHAPTER

03SegmentsShareofoperatingincomesegmentsoftheIndustrialandCommercialBankofChinain2022(inbillionyuan)DistributionofoperatingincomeoftheICBC2022,bysegmentOperatingincomeinbillionyuan150

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250050100300350400450CorporatebankingPersonalbankingTreasuryoptionsOther388.92346.1100.376.0516Description:In2022,theIndustrialandCommercialBankofChinageneratedanoperatingincomeof389billionyuanfromitscorporatebankingoperation,whichaccountedfor46percentofitsoveralloperatingincome.However,thepersonalbankingsegmentwasmoreprofitable.Itwasresponsibleforalmost47percentofthebank'sgrossprofits.ReadmoreNote(s):Worldwide;2022Source(s):IndustrialandCommercialBankofChinaDistributionofassetvalueofIndustrialandCommercialBankofChinain2022,byregion(inbillionyuan)BreakdownofassetsICBCbranches2022,byregionValueofassetsinbillionyuan500100150200250HongKongSARandMacauSAR213.73Asia-Pacificregion(exceptHongKongSARandMacauSAR)135.85Europe85.05America60.3417Description:In2022,HongKongandMacauwerethedestinationsofthelargestpartoftheIndustrialandCommercialBankofChina'soverseasassets,withatotalvalueof214billionyuan.Thebank'smainoverseasbusinessregionwasAPACregion.Incontrast,EuropeandAmericaonlyplayedasecondaryrole.ReadmoreNote(s):Worldwide;2022Source(s):IndustrialandCommercialBankofChinaBreakdownofcorporateloansofdomesticbranchesofIndustrialandCommercialBankofChinain2022,byindustryBreakdownofcorporateloansofdomesticICBCbranches2022,byindustryShareofindustry051015202525.130Transportations,storageandpostalservicesManufacturing15.515.1LeasingandcommercialservicesWater,environmentandpublicutilitymanagement12Productionandsupplyofelectricity,heating,gasandwater9.6Realestate5.8Wholesaleandretail4.2Construction2.92.7Science,education,cultureandsanitationMiningOther1.85.318Description:In2022,theIndustrialandCommercialBankofChinageneratedanoperatingincomeof389billionyuanfromitscorporatebankingoperation,whichaccountedfor46percentofitsoveralloperatingincome.However,thepersonalbankingsegmentwasmoreprofitable.Itwasresponsibleforalmost47percentofthebank'sgrossprofits.ReadmoreNote(s):Worldwide;2022Source(s):IndustrialandCommercialBankofChinaNumberofpersonalandcorporatecustomersoftheIndustrialandCommercialBankofChinafrom2019to2022(inmillions)NumberofpersonalandcorporatecustomersofICBC2019-2022Personalcustomers8.6Corporatecustomers800700600500400300200100010.699.698.1720704680650201920202021202219Description:In2022,theIndustrialandCommercialBankofChinahadaround11millioncorporatecustomersand720millionpersonalcustomers,whotogetherdepositedalmost30trillionyuanatthebank.Regardingloans,ICBCgavemoreloanstocorporationsthanpersonalcustomers,despitebusinessclientscomprisingamuchsmallershareoftheoverallcustomerbase.ReadmoreNote(s):China;2019to2022Source(s):IndustrialandCommercialBankofChinaBreakdownofloanvalueoftheIndustrialandCommercialBankofChinain2022,bybusinessline(intrillionyuan)DistributionofloansvalueoftheICBC2022,bybusinesslineValueofloansintrillionyuan024681012Short-termcorporateloansMediumtolong-termcorporateloansDiscountedbills3.1510.681.15Residentialmortgages6.43PersonalconsumptionloansPersonalbusinessloans0.230.93Creditcardoverdrafts0.6420Description:Asof2022,60percentoftheIndustrialandCommercialBankofChina'sloansconsistedofcorporateloanswithavalueofover13trillionyuan.Consequently,medium-andlong-termcorporateloansaccountedforover10trillionyuan.Incontrast,thebankonlygrantedthreetrillionyuaninshort-termcredit.ReadmoreNote(s):Worldwide;2022Source(s):IndustrialandCommercialBankofChinaBreakdownofoverseasinstitutionsofIndustrialandCommercialBankofChinain2022,byregionNumberofICBCbranches2022,byregionNumberofinstitutions20

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6008010097120140160180America153HongKongSARandMacauSARAsia-Pacificregion(exceptHongKongSARandMacauSAR)Europe9174AfricanRepresentativeOffice121Description:In2022,HongKongandMacauwerehometo97institutionsoftheIndustrialandCommercialBankofChinathatheldassetswithatotalvalueof214billionyuan.Thebank'smainoverseasbusinessregionwasAPACregion.Incontrast,EuropeandAmericaonlyplayedasecondaryroledespitethehighernumberofoverseasinstitutions.ReadmoreNote(s):Worldwide;2022Source(s):IndustrialandCommercialBankofChinaCHAPTER

04GreenfinanceValueofgreenbondsissuedinChinafrom2014to2022(inbillionU.S.dollars)ValueofgreenbondsissuedinChina2014-202290807060504030201085.470.23131.423.822.121.21.30.2020142015201620172018201920202021202223Description:In2022,Chinaissuedover85.4billionworthofgreenbonds,makingitthelargestissuerworldwidebeforetheUnitedStatesandGermany,whichissued64.4billionand61.2billionU.S.dollarsChina'sissuanceofgreenbondsincreasedsteadilysince2014,slowingdownonlyin2020.ReadmoreNote(s):China;2014to2022Source(s):ClimateBondsInitiativeAccumulativevalueofgreenbondsunderwrittenbytheIndustrialandCommercialBankofChinafrom2019to2022(inbillionyuan)ValueofgreenbondsissuedbyICBC2019-20227063.64605040302056.347.81004.73201920202021202224Description:Asof2022,theIndustrialandCommercialBankofChinahadunderwrittenatotalof67greenbonds,withtotalproceedsofover224billionyuan,ofwhichICBCconstitutedtheleadunderwriterwith56billionyuan.Recently,greenfinancehasbecomemoreimportantforChinesefinancialinstitutions.ReadmoreNote(s):China;2019to2022Source(s):IndustrialandCommercialBankofChinaAccumulativevalueofforeigncurrencyoverseasgreenbondsunderwrittenbytheIndustrialandCommercialBankofChina(ICBC)from2019to2022(inmillionU.S.dollars)ValueofoverseasgreenbondsissuedbyICBC2019-20223,0002,6802,5002,0001,5001,3061,0005000207169201920202021202225Description:In2020,theIndustrialandCommercialBankofChinaallocatedalmost2.7billionU.S.dollarstoforeigncurrency-denominatedoverseasgreenbonds.Theyhadthetheme"carbonneutrality"andwereconductedthroughthebank'soverseasbranchesinHongKong,Singapore,London,andDubai.ReadmoreNote(s):China;2019to2022Source(s):IndustrialandCommercialBankofChinaAllocationofproceedsfromoverseasgreenbondsoftheIndustrialandCommercialBankofChina(ICBC)asof2022,byprojecttype(inmillionU.S.dollars)AllocationofoverseasgreenbondproceedsICBC2022,byassetcategoryProjectvalueValueofallocatedfunds5,0004,5004,0003,5003,0002,5002,0001,5001,0005004,6034,1352,6292,5381,9351,93580378355550WindpowerprojectsSolarpowergenerationprojectsRailwaytransportationprojectsMetrotransitprojectsUrbanwaterconservationproject26Description:Asof2022,theproceedsfromtheIndustrialandCommercialBankofChina'soverseasgreenbondshadbeenusedtofund58projects.With41projects,windpowergenerationwasthemostprevalentassetcategory.Thebankprovided2.54billionU.S.dollarsoutofthetotalprojectvalueof2.6billionU.S.dollarsforwindpowerprojects.ReadmoreNote(s):China;asof2022Source(s):IndustrialandCommercialBankofChinaCHAPTER

05OnlinebankingNumberofmonthlyactiveusers(MAU)oftheleadingfinanceandinvestmentappsinChinaasofJuly2023(inmillions)MonthlyactiveusersofmajorfinanceappsinChina2023Numberofusersinmillions05101520253035Ronge-Link(ICBC)JDFinance32.9919.48Zhangle(HuataiSecurities)XiaomiFinanceRong3605.735.014.354.2TiantianFundAntFortune3.293.12.151.94CardniuPPMoney51CreditCardManager28Description:AsofJuly2023,Ronge-LinklaunchedbyIndustrialandCommercialBankofChinawastheleadingfinanceandinvestmentappinChinawitharound33millionmonthlyactiveusers.Meanwhile,AntGroup'sAntFortuneacquiredabout3.3millionmonthlyactiveusers.ReadmoreNote(s):China;asofJuly2023Source(s):iiMediaResearchMobilebankingapplicationusersofleadingcommercialbanksinChinafromOctober2019toMarch2020,bybank(inmillionusers)MonthlymobilebankingappusersofleadingcommercialbanksinChina2019-2020IndustrialandCommercialBankofChinaChinaConstructionBank70.9AgriculturalBankofChinaChinaMerchantsBank7570656055504540353069.9763.7569.4968.4865.1165.1761.1464.0763.262.161.5746.1737.9144.935.06Oct'1944.7139.1244.1337.1143.0838.142.9335.24Nov'19Dec'19Jan'20Feb'20Mar'2029Description:InMarch2020,themonthlyusersofIndustrialandCommercialBankofChina'smobilebankingappsreached68millionusers,amorethanthreemillionuserincreasetothepreviousmonth.AfterthespreadofCOVID-19,thenationalbankingregulatorycommission(CBIRC)publisheddocumentsrecommendingcommercialbankstoimprovetheironlinebankingservices.Inthefirstquarterof2020,thenumberofonlinebankingusersinChinaincreasedby3.6percentreaching421[...]

ReadmoreNote(s):China;October2019toMarch2020Source(s):AnalysysPenetrationrateofonlinebankinginChinafrom2013to2028PenetrationrateofonlinebankinginChina2013-2028807070.6268.3765.261.7657.26605040302010052.7548.2543.7939.4334.9130.9527.21201724.28201621.49201519.02201416.9820132018201920202021202220232024202520262027202830Description:TheonlinebankingpenetrationrateinChinawasforecasttocontinuouslyincreasebetween2024and2028byintotal17.9percentagepoints.Afterthefifteenthconsecutiveincreasingyear,theonlinebankingpenetrationisestimatedtoreach70.62percentandthereforeanewpeakin2028.Notably,theonlinebankingpenetrationrateofwascontinuouslyincreasingoverthepastyears.ReadmoreNote(s):China;2013to2028;allvaluesareestimatesSource(s):MostcommononlinepaymentsbytypeinChinaasofJune2023MostcommononlinepaymentsbytypeinChina2023Shareofrespondents0%10%20%30%40%50%48%Onlinepaymentservices(e.g.,PayPal,AmazonPay)CreditcardDebitcard41%36%Cashondelivery26%Cashinadvance18%Prepaidcards/vouchersDirectdebit15%13%11%ByinvoiceIhavenotconductedanypaymentsonlineOther7%2%31Description:"Onlinepaymentservices(e.g.,PayPal,AmazonPay)"and"Creditcard"arethetoptwoanswersamongChineseconsumersinoursurveyonthesubjectof"Mostcommononlinepaymentsbytype".

ReadmoreNote(s):China;July2022toJune2023;4093respondents;18-64yearsSource(s):ConsumerInsightsNumberofpersonalmobilebankingcustomersoftheIndustrialandCommercialBankofChinafrom2019to2022(inmillions)NumberofpersonalmobilebankingcustomersofICBC2019-20226005165004003002001000469416361201920202021202232Description:In2022,thenumberofpersonalmobilebankingcustomersoftheIndustrialandCommercialBankofChinareached516million.Atthesametime,thebankcounted174millionmonthlyactiveusers.Incontrast,therewereover1millioncorporateinternetbankingcustomers.ReadmoreNote(s):China;2019to2022Source(s):IndustrialandCommercialBankofChinaCHAPTER

06ConsumerperspectivePrimarybankbycompany/brandinChinaasofJune2023Primarybankbycompany/brandinChina2023Shareofrespondents0%5%10%15%20%BankofChinaChinaConstructionBankAgriculturalBankofChinaIndustrialandCommercialBankofChinaChinaMerchantsBankBankofCommunicationsPostalSavingsBankofChinaChinaCITICBank21%19%14%13%7%5%5%3%3%ChinaEverbrightBankChinaGuangfaBankChinaMinshengBank2%2%HSBCBankHuaXiaBank1%1%34Description:WeaskedChineseconsumersabout"Primarybankbycompany/brand"andfoundthat"BankofChina"takesthetopspot,while"ShanghaiPudongDevelopmentBank"isattheotherendoftheranking.ReadmoreNote