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Bank of Communications Co., Ltd Bank of Communications Co., Ltd. 210mm 2016 Interim 257.39mm 285mm Report Stock Code: Stock Code: Bank of Communications Co., Ltd. No. 188, Yin Cheng Zhong Lu, Shanghai, P.R. China 03328 www.bankcomm.com 440 mm 27.586 mm 157.373mm 12.50mm 398.991 mm 13.423 mm 15.114mm IMPORTANT REMINDERS The Board, Supervisory Committee and Directors, Supervisors, senior management of the Bank guarantee the authenticity, accuracy and completeness of the interim report, free of false records, misleading statements or material omissions, and assume individual and joint legal responsibilities. Mr. Niu Ximing, the responsible person of the Bank, Mr. Peng Chun, principal in charge of accounting and Ms. Lin Zhihong, head of accounting department represent that they guarantee the authenticity, accuracy and completeness of the financial statements in the interim report. 2016 Interim Report and 2016 Interim Results Announcement were passed at the Third Meeting of the Eighth Session of the Board of Directors on 25 August 2016. Of the 15 Directors required to attend and the vote at the meeting, 12 Directors duly participated in person, while Peter Wong Tung Shun, Chen Zhiwu and Liu Li, did not attend the meeting in person due to work arrangement. Peter Wong Tung Shun, the Non- executive Director, entrusted Helen Wong Pik Kuen, the Non-executive Director in written to attend and vote for him, and each of Chen Zhiwu and Liu Li, the Independent Non-executive Directors, entrusted Li Jian, the Independent Non-executive Director, respectively, to attend and vote for them. The Bank did not distribute any interim dividend or convert any capital reserve into share capital for the six months ended 30 June 2016. There does not exist any non-operating fund occupancy by controlling shareholders and other related parties. Neither does any external guarantee violating the regulations and decision-making procedures. Prospective statements involved in the report, such as future plans, development strategies do not constitute a real commitment of the Bank to investors. Investors are required to keep enough investment risk awareness. Contents Definitions 2 Corporate Governance 84 Corporate Information 4 Corporate Social Responsibilities 89 Financial Highlights 6 Significant Events 94 Management Discussion and List of Domestic and Overseas Analysis 8 Branches, Major Subsidiaries and Rural Banks 100 Strategic Cooperation with HSBC 67 Interim Financial Statements Changes in Share Capital and Review Report 104 and Shareholdings of Substantial Shareholders Supplementary Information of Ordinary Shares 70 on Capital Adequacy Ratio and Leverage Ratio 222 Issuance of Preference Shares 74 Directors, Supervisors, Senior Management, Employees and Institutions 77 Definitions The following terms will have the following meanings in this Report unless otherwise stated: “Model Code” Refers to Model Code for Securities Transactions by Directors of Listed Issuers as set out in the Appendix 10 of the Hong Kong Listing rules “Company Law” Refers to the Company Law of the People’s Republic of China “Articles of Associations” Refers to the Articles of Association of Bank of Communications Co., Ltd. as approved by CBRC “Securities Law” Refers to Securities Law of the People’s Republic of China “Reporting Period” Refers to the period from 1 January 2016 to 30 June 2016 “Group” Refers to the Bank and its subsidiaries “Bank” Refers to Bank of Communications Co., Ltd. “Ministry of Finance” Refers to Ministry of Finance of the People’s Republic of China “North Eastern China” Refers to Includes Liaoning Province, Jilin Province and Heilongjiang Province “Director(s)” Refers to the director(s) of the Bank “Board of Directors” Refers to the board of director(s) of the Bank “Overseas” Refers to Includes Hong Kong Branch, New York Branch, San Francisco Branch, Tokyo Branch, Singapore Branch, Seoul Branch, Frankfurt Branch, Macau Branch, Ho Chi Minh City Branch, Sydney Branch, Brisbane Branch, Taipei Branch, Bank of Communications (UK) Co., Ltd., Bank of Communications (Luxembourg) Co., Ltd., representative office in Toronto and other overseas subsidiaries “Northern China” Refers to Includes Beijing, Tianjin, Hebei Province, Shanxi Province and Inner Mongolia Autonomous Region “Eastern China” Refers to Includes Shanghai (excluding the Head Office), Jiangsu Province, Zhejiang Province, Anhui Province, Fujian Province, Jiangxi Province and Shandong Province “Central and Southern Refers to Includes Henan Province, Hunan Province, Hubei Province, China” Guangdong Province, Hainan Province and Guangxi Autonomous Region “HSBC” Refers to The Hong Kong and Shanghai Banking Corporation Limited “Basis point” Refers to One in ten thousand “Supervisor(s)” Refers to the supervisor(s) of the Bank “Supervisory Committee” Refers to the supervisory committee of the Bank “BoCOM Insurance” Refers to China BOCOM Insurance Co., Ltd. “BoCOM International” Refers to BOCOM International Holdings Company Limited “BoCOM International Refers to Bank of Communications International Trust Co., Ltd. Trust” “BoCommLife Insurance” Refers to BoCommLife Insurance Company Limited 2 Bank of Communications Co., Ltd. Definitions (Continued) “BoCOM Fund” Refers to Bank of Communications Schroder Fund Management Co., Ltd. “BoCOM Leasing” Refers to Bank of Communications Financial Leasing Co., Ltd. “SSE” Refers to the Shanghai Stock Exchange “SSF” Refers to the National Council for Social Security Fund “Western China” Refers to Includes Chongqing, Sichuan Province, Guizhou Province, Yunnan Province, Shaanxi Province, Gansu Province, Qinghai Province, Ningxia Autonomous Region, Xinjiang Uyghur Autonomous Region and Tibet Autonomous Region “HKEx” Refers to the Stock Exchange of Hong Kong Limited “Hong Kong Listing Rules” Refers to the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited “CBRC” Refers to China Banking Regulatory Commission “CSRC” Refers to China Securities Regulatory Commission “Head Office” Refers to the Group’s Head Office in Shanghai “BBM Bank” Refers to Banco BBM S.A. in Brazil Interim Report 2016 H shares 3 Corporate Information CORPORATE INFORMATION Chinese name 交通銀行股份有限公司 Chinese abbreviation 交通銀行 English name Bank of Communications Co., Ltd. Legal representative Niu Ximing CONTACT PERSON AND CONTACT INFORMATION Name Du Jianglong (Secretary to the Board of Directors and Company Secretary) Contact address No.188, Yin Cheng Zhong Road, Pudong New District, Shanghai, P.R. China Tel 86-21-58766688 Fax 86-21-58798398 E-mail [email protected] Postal code 200120 ADDRESS AND OFFICIAL WEBSITE: Registered address No.188, Yin Cheng Zhong Road, Pudong New District, Shanghai, P.R. China Postal code of registered address 200120 Head office address No.188, Yin Cheng Zhong Road, Pudong New District, Shanghai, P.R. China Principal place of business in Hong Kong 20 Pedder Street, Central, Hong Kong Website www.bankcomm.com INFORMATION DISCLOSURE AND PLACES WHERE THE ANNUAL REPORT IS AVAILABLE Newspapers for information China Securities Journal, Shanghai Securities News, disclosure (A share) Securities Times Designated website for information Website of the SSE at www.sse.com.cn disclosure (A share) Designated website for information Website of HKEx at www.hkexnews.hk disclosure (H share) Places where the interim report Head Office of the Bank is available 4 Bank of Communications Co., Ltd. Corporate Information (Continued) INFORMATION OF ORDINARY AND PREFERENCE SHARES Classes Stock exchange Stock name Stock code A share SSE Bank of Communications 601328 H share HKEx Bank of Communications 03328 Overseas Preference Shares HKEx BOCOM 15USDPREF 4605 AUDITORS Accounting firm employed (domestic): PricewaterhouseCoopers Zhong Tian LLP Accounting firm employed (overseas): PricewaterhouseCoopers AUTHORISED REPRESENTATIVE Yu Yali Du Jianglong LEGAL ADVISER PRC legal adviser: King & Wood Mallesons Hong Kong legal adviser: DLA Piper Hong Kong SHARE REGISTRAR AND TRANSFER OFFICE A Share: China Securities Depository and Clearing Corporation Limited, Shanghai Branch 3/F, China Insurance Building, No. 166 Lujiazui Dong Road, Pudong New District, Shanghai, P.R. China H Share: Computershare Hong Kong Investor Services Limited Shops 1712 – 1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong OTHER INFORMATION Business registration number: 100000000005954 Tax registration number: 31004310000595X Organisation code: 10000595-X Interim Report 2016 H shares 5 Financial Highlights (I) Major Financial Data and Financial Indicators As at 30 June 2016, major financial data and financial indicators prepared by the Group in accordance with International Financial Reporting Standards (the “IFRS”) are as follows: (In millions of RMB unless otherwise stated) Major financial data January to June January to June Increase/ 2016 2015 (decrease) (%) Net interest income 68,148 71,059 (4.10) Profit before tax 48,497 48,289 0.43 Net profit (attributable to shareholders of the parent company) 37,661 37,324 0.90 Earnings per share (attributable to shareholders of parent company, in RMB yuan) 0.50 0.50 – As at As at 30 June 31 December Increase/ 2016 2015 (decrease) (%) Total assets 7,956,322 7,155,362 11.19 Including: Loans and advances to customers 3,983,756 3,722,006 7.03 Total liabilities 7,400,828 6,617,270 11.84 Including: Due to Customers 4,734,627 4,484,814 5.57 Shareholders’ equity (attributable to shareholders of the parent company) 552,515 534,885 3.30 Net assets per share (attributable to shareholders of parent
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