July 29, 2010 ICBC Zhejiang Yiwu Sub-branch added a stroke of color on the Zhejiang banking landscape by being officially elevated as the first county-level branch in ICBC. Guests at the inauguration ceremony of ICBC Yiwu Branch were ICBC President Yang Kaisheng, President Xu Xinqiao of ICBC Zhejiang Provincial Branch, Director Yang Xiaoping of Zhejiang Office of China Banking Regulatory Commission, Vice President Fang Zhimin of the People's Bank of China Hangzhou Center Sub-branch, Jinhua's Vice Mayor and Yiwu's Mayor He Meihua.
Yiwu, right at the center of Zheijing, has an urban area of 1105 square kilometers and a population of 716000. Moe than a million outsiders permanently stay in Yiwu. Yiwu, the international trade city boosts the world's largest small-commodity market, is a land of gold and glitter with the fastest growth and thriving economy in Zheijing, or even in China.
Data shows that Yiwu market has a total business area of over 2.6 million square meters, 62000 merchandize booths. More than 200000 people engaged in Yiwu trade; Yiwu commodities are sold throughout the world to 215 countries/regions; Number of containers shipping Yiwu goods worldwide every year goes beyond 500000; 65% of the Yiwu goods are for export trade.
The "Yiwu China Small Commodities Index" published regularly is now the windmark and barometer of the changes in small commodities prices across the world.
ICBC President Yang Kaisheng stressed the strategic importance of Yiwu to ICBC. All the while Yiwu sub-branch has been regarded as the Zhejiang Branch's key sub-branch in the province. In August 2009, Zhejiang Branch started to manage Yiwu sub-branch as a tier-2 branch and increased the support. ICBC Yiwu sub-branch notched up excellent results under the fast economic growth and sound financial environment of Yiwu.
The sub-branch stayed close to the business philosophy of "market-oriented, customer-focused" and served well the "commerce, shopping mall, merchant". For the past few years Yiwu sub-branch had been listed among the "Top 10 County Sub-branches" in Zhejiang Branch. Under the approval of China Banking Regulatory Commission and ICBC Head Office, ICBC Yiwu Sub-branch was elevated as tier-2 branch in a bid to move in tandem with the fast pace of Yiwu's economic growth and offer the best financial services to the customers and entrepreneurs.
This is the first ICBC tier-2 branch in the country set up in the city/county area according to the economic region zoning principle. The branch is a strategic breakthrough of ICBC to gain presence in key areas and a new milestone for Yiwu to become a regional financial high ground; This is everybody's wish and also helps Yiwu Branch to gather pace, to loom large.
Looking ahead, there are opportunities and challenges, responsibilities and pressure. Upgraded ICBC Yiwu Branch is charged with the management function of a tier-2 branch with higher authorization, more resources, faster product innovation and better efficiency. Yiwu Branch will take this opportunity to duly perform its responsibility and mission under the policy to serve all the enterprises in Yiwu with accelerated innovation, improved internal management and competitive products and services.
The Branch's goal is to be a bank of customer-satisfied, trusted by government, regulatory-compliant, respected and well-performed.
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ICBC Yiwu Branch
ICBC Yiwu Branch has 11 tier-2 sub-branches, 9 savings offices, and a workforce of nearly 500. Balances of all deposits and loans in the Branch stand at RMB 19.051 billion and RMB 12.398 billion respectively.
Appropriate service offerings to the local economy as well as an emphasis on corporate social responsibility, for the past two decades Yiwu Branch has sustained its fast growth and maintained competitive edge, backed by the Zhejiang Party Committee, government and senior branches and concerns from all.
In terms of its performance and result, the Branch was for successive years listed as one of the top ICBC sub-branches in the province. It has received numerous accolades for many years in a row: "Provincial-level Model Enterprise", Zhejiang's Advanced "Worker's Home", ICBC Head Office's "Model Banking Unit", "Advanced Banking Unit of Top Model Services" and "Advanced Grass-root Party Organization'' and "Harmonious Enterprise in Labor Relation" from Jinhua Municipal People's Government and "Outstanding Learning-Type Organization" from ICBC Zhejiang Branch.
In line with the local market, Yiwu Branch is rolling out more services and dedicated to service excellence with the full range of financial services to all the enterprises and individual customers. Especially in recent years, the Branch launched a batch of products and services of very high-tech, high added-value, well-catered for medium-and-small (private) enterprises, professional market and top-tier individual customer.
That included loan (bill) finance, payment and settlement, cash management, financial advisory, Internet Banking and wealth management, which were warmly received by the customers. ICBC Yiwu Branch is a financial institution of substantial strength in Yiwu with leading edge in areas of financial, network, products and human capital.
"Excel in integrity and quality services to achieve long-term ambitions". ICBC Yiwu Branch is taking the upgrade as the new starting point to offer best-quality, highly efficient and tailored services to the customers. The Branch extends its wish to all and contributes its own share to build Yiwu into a famous new-generation international trade city.
