China Banking Association Releases Latest CSR Report

The China Banking Association has published its 2009 corporate social responsibility report while celebrating its 10th anniversary in Beijing.

The report details the CSR practices of CBA, including the contribution it has made to the social and economic development of China; the responsibilities it undertakes for stakeholders; and its devotion to public welfare undertakings and environmental causes.

The report shows that by the end of 2009, the total assets of China's banking industry reached CNY78.8 trillion. Among the banks, Industrial and Commercial Bank of China, China Construction Bank and Bank of China ranked No. 1, No 2 and No. 5, respectively, in the global banking industry in terms of market value, and they have done well in fulfilling their responsibilities to shareholders and investors.

In 2009, China's banking industry carried out 1647 poverty alleviation projects with a total of CNY3.482 billion, benefiting up to 612,900 people via these programs. During the year, Chinese banks issued CNY856.046 billion loans to energy saving and environmental programs, which accounted for 8.93% of the total loan issued in China in the year.

Founded in May 2000, CBA has been dedicated to maintaining the interests of the Chinese banking industry, increasing service awareness, improving professionalism, enhancing research capacities and upgrading the image of the Chinese banking industry in the past decade. By August 2009, CBA had had 132 members and established ten professional commissions. Jiang Jianqing, director of CBA, stated that CBA will continue to play its role and create one of the most respected industry association platforms in China.