Industrial Bank : SignsAStrategic Cooperation Agreement with Tianjin Bank to Form A Joint Power f...

On June 6, Industrial Bank (IB) signed a strategic cooperation agreement with Tianjin Bank in Tianjin, establishing a comprehensive strategic partnership.

Under the agreement, both parties will carry out comprehensive cooperation in asset management, Internet finance, liquidity complementation and other dimensions, so as to achieve resource sharing and complementary advantages in aspects of products, network, and services, etc. IB will take the advantages of Tianjin Bank in terms of its local network and customer resources to expand regional business more widely and deeply, while Tianjin Bank can expand its service radius with the help of the advanced technology level, product innovation and nationwide network resources of IB, so as to achieve a powerful allianceand seek mutual development.

It is reported that IB will share and exchange information with Tianjin Bank in terms of information technology governance, IT planning & architecture management, software development, the establishment of operation and maintenance system, system continuity and so on. It will also provide intellectual support to Tianjin Bank in terms of planning consultation, technical training, and team building, etc., helping itbuild a high-level information technology system.

As one of the first joint-stock commercial banks, after nearly 30 years of development, IB has now developed into a national modern bank-based financial service group covering trust, leasing, fund, consumer finance, futures, asset management, research consulting, digital finance, etc. By the end of 2016, the total assets of IB have reachedRMB 6.09 trillion,ranking first among all joint-stock banks. IB has also formed unique competitive advantages in many business segments such as green finance, interbank finance, financial market and pension finance, etc.

With years of efforts in interbank cooperation, IB takes the lead in launching the inter-bank cooperation service brand 'Inter-bank Platform' for the massive banking and financial institutions. Through the deep integration of and innovation in financial and technological fields, with an aim to provide comprehensive financial services for small and medium-sized banks, IB has formed eight all-round and comprehensive financial service sectors including payment & settlement, wealth management, technology output, financing services, assets & liabilities structure optimization, fund utilization, training consultation and international settlement agency, so as to share resources with small and medium banks for mutual benefits.

'Through the Inter-bank Platform, we have established an intensive science & technology construction and operation & maintenance mode, which effectively addresses the challenge ininformation system construction of small and medium-sized banks, and also greatly saves social resources.' said Sun Xiongpeng, vice president of Industrial Bank.

By the end of May 2017, the Inter-bank Platform of IB has engaged 1178 cooperative institutions, providinginformation system construction, operation and maintenance services for 330 small and medium-sized banks. Money Manager, the Internet wealth management platform of IB, has registered more than 8 millionusers, with transaction amount exceeding RMB600 billion in 2016. At present, the Inter-bank Platform is committed to building a financial ecosystem featuring 'three major platforms: financial cloud + payment settlement, wealth management and asset transactions', and building a bridge fordomestic small and medium-sized financial institutions to build a bridge to connect domestic and global resources via its international edition.

Tianjin Bank, as one of the fastest-growing urban commercial banks in China's banking industry, ranked the top 10 in the 2016 City Commercial Bank Competitiveness List. The bank always adheres to the management goal of 'serving the local economy, small and medium enterprises as well as common people' and was successfully listed on theMain Board of the Stock Exchange of Hong Kong on March 30, 2016, making it a listed state-owned company of Tianjin that features the most fund raised from IPO andthe largest asset scale. In recent years, Tianjin Bank has accelerated its pace of comprehensive operation, with its TianyinFinancial Leasing Co., Ltd. officially open to the country,which is one of the first eligible banks to joint loan granting.In the future, Tianjin Bank will actively grasp the opportunities lying in the coordinated development of Beijing, Tianjin and Hebei, take reform as the driving force, focus on transformation and development, and continuously promote specializedoperation and fine management.