ICBC comprehensive management Next step: Insurance Trust Asset Management

China's banking industry is now facing a once-in-a-lifetime strategic opportunity. Looking from the real economy, 2011 will open China's "Twelve-Five" planning, with the continuous implementation and deepening of China's economic structure strategic adjustment policy, China's economy in the demand structure, consumption structure, income distribution structure, urban and rural structure, regional structure and industrial structure will achieve breakthroughs, To make a substantial progress in the transformation of China's economic development pattern, this process must create huge financial service demand.　　On the monetary system, the internationalization of RMB has begun to accelerate, and the scope of RMB use and the expansion of circulation channels will undoubtedly bring a lot of business opportunities to Chinese commercial banks.　　But to fully grasp these opportunities, China's commercial banks do not have ready-made models can be referenced, more severe is that China's financial innovation lags far behind the needs of the real economy, but also lags behind Western finance, the Chinese banking industry must vigorously promote the original, critical system and mechanism innovation. First, take the road of system innovation. In order to realize sustainable development in the post-crisis era, China must shift from the extensive growth pattern supported by investment and export to the economic development of investment, export and consumption coordinated. From too much reliance on processing, manufacturing 12th industry development, to primary, secondary and the coordinated development of the tertiary industries. Therefore, China's financial industry must further develop consumer and service-oriented finance through institutional innovation.　　This requires the banking industry from over-reliance on large enterprises, major projects of the business model, to the main service to small and medium-sized enterprises, service to the people's livelihood, service in the new development model of consumption. Second, take the road of international development. For the development of commercial banks, internationalization is the rational choice to seek for bigger growth space and share the global economic achievements, and it is also the inevitable requirement of tracking the development of customers ' globalization. In recent years, ICBC has adhered to the emerging and mature markets, the new and the acquisition of foreign institutions, and the layout of the strategy, has been in 27 countries and regions have set up 194 overseas institutions, across Asia, Europe, the United States, Australia, the five continents of the global network of basic molding. Until now, every overseas organization in ICBC is profitable.　　2007-2009, the annual compound growth rate of ICBC's overseas institutions reached 44%, and the intermediate business income grew by 57%. Third, take the road of comprehensive development.　　The financial crisis proved that the fully functional banking model has a stronger resilience to cyclical and more stable and sustained profit growth, which is more advantageous than single investment banks and commercial banks. At present, ICBC has entered into the financial services fields such as investment banks, funds, insurance and leasing by acquiring and holding Non-bank financial institutions, and has formed a trans-market and diversified operating pattern. Next, ICBC will carry out comprehensive management exploration of insurance, trust, asset management and asset services, and continuously improve the comprehensive management pattern.