英文: About Bank of Communications(3)
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Well-defined development strategy
3 g* w! B; a0 `7 A5 a. |BOCOM began strategic transformation of its management and development in 2005 in light of its sizeable achievements in shareholding system reform, in order to accommodate the rather complicated external operational environment, the increasingly rigid capital restriction and the ongoing, gradual interest rate reorientation towards the market. Strategically, BOCOM aims at developing itself into “an international, innovative, integrated, operation-intensive, and highly regulated” first-class modern bank. , J( O5 a& n7 ~1 ~ p9 L! |$ w
( i- N' y7 m6 \7 j" ?4 d/ p& OPerfected corporate governance
' u1 m9 }6 o9 o/ t( h2 l* M. TBOCOM’s equity structure has become more diversified after the bank’s introduction of mainland and overseas strategic investors like HSBC, Social Security Fund and China SAFE Investments Ltd. into its business. At the same time, BOCOM has set up a fundamental system and structure for implementing its corporate governance measures and formed wellbalanced boards of directors and supervisors. The Board of Directors, the senior management, and the Board of Supervisors have been proven to adequately fulfill their duties of decision-making, operations and management, and supervision respectively. A basic system has been set up for the efficient operation and coordination of general meetings, board of directors, board of supervisors and the senior management. |