The Bank was founded in 1908 and is one of the oldest banks in China. On April 1, 1987, the Bank was re-established and officially opened to the outside world. It became the first national state-owned joint-stock commercial bank in China, with its headquarters in Shanghai. It was listed on the Hong Kong Stock Exchange in June 2005, listed on the Shanghai Stock Exchange in May 2007, and selected as a global systemically important bank in 2023. According to the Tier 1 capital ranking, the Bank ranks 9th among the world's banks. With the goal of “building a world-class banking group with unique advantages”, the Bank focuses on building the four major business characteristics of inclusive finance, trade finance, technology finance, and wealth finance, and continuously improving the five major professional capabilities of customer management, technology leadership, risk management, collaborative combat, and resource allocation, leading the high-quality development of the entire bank with innovative breakthroughs in the construction of a “Shanghai home market” and digital transformation. With the approval of the General Financial Supervisory Authority, the Bank provides comprehensive financial services to 2,6192 million corporate customers and 192 million retail customers through online service channels such as mobile banking and online banking, as well as more than 2,800 domestic outlets, 23 overseas branches (sub-) banks and representative offices, including deposits and loans, industrial chain finance, cash management, international settlement and trade finance, investment banking, asset trusteeship, wealth management, bank cards, private banking, capital services, etc. The Group is involved in financial leasing, funds, financial management, trusts, insurance, foreign securities and debt-for-equity swaps through wholly-owned or controlled subsidiaries. As a large state-owned banking group with a long history, the Bank will give full play to the role of major state-owned banks in serving the real economy and maintaining financial stability, maintain strategic strength, prevent and mitigate risks, strive to provide customers with high-quality financial services, create more value for shareholders, create a happy home for employees, and make greater contributions to society! During the reporting period, there were no significant changes in the Group's business model, main business, and main performance drivers.
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