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Interim Report Stock Code: 1398 USD Preference Shares Stock Code: 4603 EUR Preference Shares Stock Code: 4604 RMB Preference Shares Stock Code: 84602 2016 Interim Report 中國北京市西城區復興門內大街55號 郵編：100140 Interim Report No.55 Fuxingmennei Avenue, Xicheng District, Beijing, PRC Post Code: 100140 2016 www.icbc.com.cn, www.icbc-ltd.com WorldReginfo - d36f1a00-d199-40ff-8b7a-0558ae69c269 Our Mission Excellence for You Excellent Services to Clients, Maximum Returns to Shareholders Real Success for Our People, Great Contribution to Society Our Vision A Global Leading Bank with the Best Profitability, Performance and Prestige Our Value Integrity Leads to Prosperity Integrity, Humanity, Prudence, Innovation and Excellence WorldReginfo - d36f1a00-d199-40ff-8b7a-0558ae69c269 CONTENTS Definitions 2 Information Disclosed Pursuant to the Capital Regulation 61 Important Notice 3 Details of Changes in Share Capital Corporate Information 4 and Shareholding of Substantial Our Mission Shareholders 64 Financial Highlights 5 Excellence for You Directors, Supervisors, Excellent Services to Clients, Maximum Returns to Shareholders Chairman’s Statement 8 Senior Management, Employees and Institutions 71 Real Success for Our People, Great Contribution to Society Discussion and Analysis 11 — Economic, Financial and Significant Events 74 Regulatory Environments 11 Review Report and Interim Financial Report 78 Our Vision — Financial Statements Analysis 13 A Global Leading Bank with the Best Profitability, — Business Overview 29 List of Domestic and Overseas Branches and Offices 192 Performance and Prestige — Risk Management 43 — Capital Management 54 Our Value — Outlook 57 Integrity Leads to Prosperity — Other Information Disclosed Pursuant to Regulatory Integrity, Humanity, Prudence, Innovation and Excellence Requirements 58 WorldReginfo - d36f1a00-d199-40ff-8b7a-0558ae69c269 Definitions In this report, unless the context otherwise requires, the following terms shall have the meanings set out below: Articles of Association The Articles of Association of Industrial and Commercial Bank of China Limited Capital Regulation Regulation Governing Capital of Commercial Banks (Provisional) promulgated by CBRC in June 2012 CBRC China Banking Regulatory Commission CSRC China Securities Regulatory Commission Hong Kong Listing Rules Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited Huijin Central Huijin Investment Ltd. ICBC (Argentina) Industrial and Commercial Bank of China (Argentina) S.A. ICBC (Asia) Industrial and Commercial Bank of China (Asia) Limited ICBC (Canada) Industrial and Commercial Bank of China (Canada) ICBC (Macau) Industrial and Commercial Bank of China (Macau) Limited ICBC (Mexico) Industrial and Commercial Bank of China Mexico S.A. ICBC (Thai) Industrial and Commercial Bank of China (Thai) Public Company Limited ICBC Credit Suisse Asset Management ICBC Credit Suisse Asset Management Co., Ltd. ICBC International ICBC International Holdings Limited ICBC Leasing ICBC Financial Leasing Co., Ltd. ICBC-AXA ICBC-AXA Assurance Co., Ltd. IFRSs The International Financial Reporting Standards promulgated by the International Accounting Standards Board, which comprise the International Accounting Standards MOF Ministry of Finance of the People’s Republic of China PBC The People’s Bank of China PRC GAAP Accounting Standards for Business Enterprises promulgated by the Ministry of Finance Securities and Futures Ordinance of Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) Hong Kong SEHK The Stock Exchange of Hong Kong Limited SSE Shanghai Stock Exchange SSF National Council for Social Security Fund Standard Bank Standard Bank Group Limited State Council The State Council of the People’s Republic of China the Bank/the Group Industrial and Commercial Bank of China Limited; or Industrial and Commercial Bank of China Limited and its subsidiaries 2 WorldReginfo - d36f1a00-d199-40ff-8b7a-0558ae69c269 Important Notice The Board of Directors, the Board of Supervisors, Directors, Supervisors and Senior Management members of Industrial and Commercial Bank of China Limited undertake that the information in this report contains no false record, misleading statement or material omission, and assume individual and joint and several liability for the authenticity, accuracy and completeness of the information in this report. The 2016 Interim Report of the Bank and the results announcement have been considered and approved at the meeting of the Board of Directors of the Bank held on 30 August 2016. All directors of the Bank attended the meeting. Upon the approval at the Annual General Meeting for the Year 2015 held on 24 June 2016, the Bank has distributed cash dividends of about RMB83,150 million, or RMB2.333 per ten shares (pre-tax), for the period from 1 January 2015 to 31 December 2015 to the ordinary shareholders whose names appeared on the share register after the close of market on 7 July 2016. The Bank will not declare or distribute interim dividends for 2016, nor will it convert any capital reserves to share capital. The 2016 interim financial report prepared by the Bank in accordance with PRC GAAP and IFRSs have been reviewed by KPMG Huazhen LLP and KPMG in accordance with Chinese and international standards on review engagements, respectively. The Board of Directors of Industrial and Commercial Bank of China Limited 30 August 2016 Mr. Yi Huiman, Legal Representative and president in charge of finance of the Bank, and Mr. Zhang Wenwu, General Manager of the Finance and Accounting Department of the Bank, hereby warrant and guarantee that the financial statements contained in the Interim Report are authentic, accurate and complete. The report contains forward-looking statements on the Bank’s financial positions, business performance and development. The statements are made based on existing plans, estimates and forecast, and bear upon future external events or the Group’s future finance, business or performance in other aspects, and may involve future plans which do not constitute substantive commitment to investors. Hence, investors and persons concerned shall be fully aware of the risks and understand the difference between plans, estimates and commitments. This report is prepared in both Chinese and English. In the case of discrepancy between the two versions, the Chinese version shall prevail. Interim Report 2016 3 WorldReginfo - d36f1a00-d199-40ff-8b7a-0558ae69c269 Corporate Information Legal name in Chinese H Share 中國工商銀行股份有限公司 (“中國工商銀行”) Computershare Hong Kong Investor Services Limited 17M Floor, Hopewell Center, 183 Queen’s Road East, Wanchai, Legal name in English Hong Kong INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED (“ICBC”) Tel: 852-28628555 Facsimile: 852-28650990 Legal representative Yi Huiman Location where copies of the interim report are kept Office of the Board of Directors of the Bank Registered address and office address 55 Fuxingmennei Avenue, Xicheng District, Beijing, China Place where shares are listed, and their names and Postal code: 100140 codes Telephone: 86-10-66106114 A Share Business enquiry and complaint hotline: 86-95588 Shanghai Stock Exchange Website: www.icbc.com.cn, www.icbc-ltd.com Stock name: 工商銀行 Stock code: 601398 Principal place of business in Hong Kong 33/F, ICBC Tower, 3 Garden Road, Central, Hong Kong H Share The Stock Exchange of Hong Kong Limited Authorized representatives Stock name: ICBC Yi Huiman and Guan Xueqing Stock code: 1398 Board Secretary and Company Secretary Offshore Preference Shares Guan Xueqing The Stock Exchange of Hong Kong Limited Address: 55 Fuxingmennei Avenue, Xicheng District, Beijing, China Stock name: ICBC USDPREF1 Telephone: 86-10-66108608 Stock code: 4603 Facsimile: 86-10-66107571 E-mail: [email protected] Stock name: ICBC EURPREF1 Selected newspapers for information disclosure Stock code: 4604 China Securities Journal, Shanghai Securities News, Securities Times, Securities Daily Stock name: ICBC CNHPREF1-R Stock code: 84602 Website designated by CSRC for publication of the interim report in respect of A shares Domestic Preference Shares www.sse.com.cn Shanghai Stock Exchange The “HKExnews” website of SEHK for publication of the Stock name: 工行優1 interim report in respect of H shares Stock code: 360011 www.hkexnews.hk Sponsor of Domestic Preference Shares Legal advisors Guotai Junan Securities Co., Ltd. Mainland China 618 Shangcheng Road, China (Shanghai) Pilot Free Trade Zone King & Wood Mallesons Sponsor representatives: Zhang Jianhua and Wu Guomei 40/F, Office Tower A, Beijing Fortune Plaza, 7 East 3rd Ring Continuous inspection and supervision period: Middle Road, Chaoyang District, Beijing, PRC 11 December 2015 to 31 December 2016 JunHe LLP Change of registration during the reporting period 20/F, China Resources Building, 8 Jianguomen North Street, Date of first registration: 22 November 1985 Dongcheng District, Beijing, PRC Registration authority: State Administration for Industry and Hong Kong, China Commerce of the People’s Republic of China Allen & Overy Unified social credit identifier: 91100000100003962T 9/F, Three Exchange Square, Central, Hong Kong Financial license institution number: B0001H111000001 Linklaters 10/F, Alexandra House, Chater Road, Central, Hong Kong Name and office address of auditors Domestic auditors Share registrars KPMG Huazhen LLP A Share 8/F, Tower E2, Oriental Plaza, 1 East Chang’an Avenue, Dongcheng China Securities Depository and Clearing Corporation Limited, District, Beijing, PRC Shanghai Branch CPA (Practicing):
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