The bank of China ten years the helm

If you want to write a history for the reform of the commercial bank of China, Mr. Xiao will account for a considerable length. Technology bankrupt commercial bank system, has always been a ticking time bomb in China's economy, after the Asian financial crisis in the first round of the commercial bank reform ineffective, and in 2002 the financial meetings were held to determine the commercial bank reform roadmap, finances a good bank and construction bank of China is determined to implement reforms pilot Banks, has been on the position of deputy governor of the bank of 5 years experience of xiao, was appointed governor of the bank of China in early 2003, started the decade career as a banker.

Regulators work experience for Mr. Xiao for boc reform reorganization provides ample reserves, the wind has been at the work. In more than six months time, the bank of China basically completed the national capital injection, non-performing assets disposal and financial restructuring. Through the asset disposal, the bank of China non-performing loan ratio fell to 5.16%, 11.13% lower than before restructuring. To supplement attached capital, optimize capital structure, the bank of China has successfully launched two yuan subordinated bonds, raising 26.1 billion yuan of capital, it is hard to imagine in the past.

According to China's commercial bank reform and restructuring course, listed is an integral part of, the implementation done cleaning, after the restructuring, capital injection and the introduction of strategic investors, China's Banks need to implement thrilling leap. Under the guidance of Mr. Xiao, the bank of China was completed in only 23 days time and the roadshow roadshow schedule, and won more than 10 times as much as 69 times oversubscribed and personal investors in an oversubscribed. After listed, boc has broken the world records.

After the reform, restructuring and listing, China's commercial Banks to gain the chance of a new, but then, in accordance with the standard of modern commercial Banks stable operation, is the true test of China's bankers. For the transformation of development of China's commercial Banks, XiaoGangYou over a lot of thinking, he thinks, financial disintermediation and the marketization of interest rates will lead to China's banking industry is facing more intense competition, the different types of Banks must have differentiation strategy, customer segments, find out the main customer orientation, give full play to their comparative advantage. Mr Xiao to accelerate the development of the bank of China implemented a lot of differentiation strategy, such as making full use of network advantages to develop overseas business overseas, strive to improve intermediary business income share, expand spreads outside source of income, and so on.