| 简体中文 | 繁体中文 | ENGLISH |
     

On 30 March 2012, the Company successfully opened its first overseas branch in Hong Kong,marking a significant milestone in the course of its operation for international development and advancement into the international financial market.

The Hong Kong branch of the Company was committed to developing three major business segments, including the wholesale banking (i.e. corporate banking), capital transaction and retail banking. The wholesale banking includes “5+1” businesses. “1” refers to trade financing business and “5” refers to overseas operation, ship-owner financing, bulk commodity and frozen food,alternative financing as well as small business finance services. The capital transaction business segment provides risk-hedging operations such as foreign exchange and bulk commodities trading and derivative products, in addition to its basic functions of cash and liquidity management. The retail banking segment was operated under the principles of being a major force of liability business among branches and a wholesaler of inter-bank products so as to become a leader in the markets of high-yield special financial products and non-financial services. It preserves and grows the wealth of customers and their families by providing unique financial and non-financial services through our comprehensive investment management, family wealth management consultancy as well as wealth planning and preservation services.

The Hong Kong branch has developed into an important overseas platform of the Company for the past two years and has played a vital role in driving the growth of our cross-border collective trade financing business. During the Reporting Period, the Hong Kong branch optimized its pricing mechanism, asset allocation and internal evaluation system to facilitate the rapid development of its collective business. The synergy effect of cross-border collective business was remarkable. In the first half of the year, the cross-border collective trade finance business contributed HK$327 million to its net fee and commission income, representing an increase of 168.03% as compared with the corresponding period of previous year. The collective deposits amounted to HK$30.140 billion, up 31.44% over the end of 2013, which directly generated mainland deposits of RMB8,315 million and net fee and commission income of RMB124 million. In addition, the business channel and mode were diversified by entering into bulk commodity Memorandum of Understanding with the Hong Kong Stock Exchanges and Clearing Limited, establishing the Minsheng ship-owners league, introducing the financial products manager business, organizing bank consortium for private enterprises and the first global offering of bonds, with a view to consolidating and promoting our position in the international market, expanding our services for major customers at home and abroad, and facilitating the globalization of the Company.

As of 30 June 2014, the deposit balance of our Hong Kong branch amounted to HK$58,839 million, representing an increase of 25.94% as compared with the end of previous year. The outstanding loans amounted to HK$59,809 million, representing an increase of 41.14% as compared with the end of previous year. Net non-interest income and net interest income amounted to HK$520 million and HK$445 million, respectively. Moreover, our Hong Kong branch was granted various honors. It was granted the “Best Loan of the Year” by IFR Asia, which is the most authoritative financial media in Asia, and the “Best Leveraged Loan” by Finance Asia.