CITIC Bank's bond underwriting exceeded 4 trillion yuan, empowering the real economy to fully promote the development of the three rural undertakings

In the past ten years, with the historic leap in China's economic volume, as one of the main channels for serving the financing of entity enterprises, the corporate credit bond market has entered a golden period of development, and the stock scale has expanded to more than 30 trillion yuan, ranking in the forefront of the world, and growing into the "second artery"
of domestic enterprise financing second only to credit.

The development and growth of the bond market has provided new tools and opened up new scenarios
for commercial banks to serve the real economy.
As a large-scale joint-stock bank in China, China CITIC Bank has always adhered to the same frequency resonance with the development of the times and the national strategy, and has made bond underwriting one of the pillars of "big comprehensive financing" for service enterprises over the years, and has achieved a series of leapfrog development and landmark results
.

Ten years of breaking the waves and moving forward, gathering the "big river" serving the real economy

As one of the first commercial banks to obtain a credit bond underwriting license, China CITIC Bank has firmly implemented the top-level design of the financial system of "increasing the proportion of direct financing" for many years, focused on giving full play to the important role of bond financing in serving the real economy, and continued to improve the breadth and depth
of layout and service capabilities.

In the past ten years, China CITIC Bank has written more than 4 trillion yuan of debt financing instruments, and the annual underwriting amount has increased from more than 160 billion yuan in 2012 to more than 760 billion yuan in 2021, an increase of more than 3.
7 times
.
In the past two years, it has maintained its leading position in the market, effectively supported key areas and weak links of economic development such as advanced manufacturing, strategic emerging, green development, guaranteed housing, and energy supply, and gradually explored a new business pattern
of serving the real economy with the "business and investment" model.

Ten years of commitment to innovation, always in the forefront of serving the national strategy

China CITIC Bank has integrated the new development concept into all aspects and links of business development, closely followed the theme of the times and taken solid steps in the key direction of high-quality development, innovatively landed batch demonstration projects, and its innovation ability and business brand were widely recognized
by the market.

Financial innovation fuels technological innovation
.
In 2014, China CITIC Bank landed venture capital bonds, unveiling the curtain
on the innovation of precision irrigation technology in the bond market.
Since then, it has implemented the innovation-driven strategy and continuously iteratively upgraded the service technology innovation toolbox
under the guidance of regulators.
In particular, since the beginning of this year, we have seized the new opportunity of the advent of science and technology innovation bills and incorporated them into the bank's comprehensive financial service system in the field of science and technology innovation throughout the life cycle, and a total of 25 projects with about 16 billion yuan have been landed, ranking in the forefront
of the market.
On the new development path of accurately helping the high-level cycle of "science and technology-industry-finance", a new path has been found and a new situation
has been opened.

Resolutely implement the national dual carbon strategy
.
As one of the pioneers and promoters of green finance development in China, China CITIC Bank has successively landed many firsts
in the history of green bond development.
Especially since 2021, we have fully implemented the "3060" top-level strategy, pioneered and innovated in several major green innovation fields of carbon neutrality, sustainable development and high-carbon industry transformation, implemented all bond demonstration projects, and actively diverted bond market funds to green and low-carbon fields such as clean energy, low-carbon buildings, and industrial transformation, achieving a win-win situation
between economic and social effects.

Make every effort to promote the development of
the three rural undertakings.
From winning the battle against poverty to launching the rural revitalization development strategy, China CITIC Bank closely follows the deployment of the Party Central Committee and firmly grasps the people's nature of
financial work.
Implement the spirit of the "No.
1 Central Document", take the lead in issuing rural revitalization bills, and raise funds for the construction of large-scale and high-quality grain source bases to help ensure national food security
.
Since the beginning of this year, it has continued to support a number of famous enterprises in the agricultural industry to issue batches of rural revitalization notes, and the funds have flowed to key directions such as modern agriculture, rural construction, and increasing farmers' income, and the cumulative underwriting amount has exceeded 10 billion, maintaining the forefront
of the market.

Fireline rushes to help the epidemic prevention and control war
.
In the first half of 2020, in the face of the sudden new crown epidemic, China CITIC Bank resolutely implemented the decision-making and deployment of financial support for epidemic prevention and control, established a green channel at the first time, put all employees into battle, fully participated in the epidemic prevention and control war, and intensively issued epidemic prevention and control bonds in batches for a number of "epidemic" enterprises, including the first project in seven provinces (autonomous regions and municipalities), with a cumulative financing amount of more than 26 billion yuan, making positive contributions
to epidemic prevention and control and the overall development of the economy and society.

Actively maintain the overall situation of
energy security.
In the past two years, China CITIC Bank has unswervingly implemented the central spirit
of "development requires safety".
In 2021, in response to the requirements of the National Assembly for energy supply assurance, we will overcome difficulties and break the ice, and promote Shanxi energy enterprises to resume bond market financing with "integrated undertaking and investment" services, and continuously issue multiple energy supply guarantee bonds to raise funds for alternating coal and power production and supply in winter and spring; In September this year, it once again participated in the underwriting of 20 billion yuan of special energy supply guarantee bonds of Guoxin Holdings, which strongly demonstrated the mission of state-owned financial enterprises and helped "stabilize the overall economic market"
.

Ten years of concerted efforts to build a "CITIC Community" of bond market services

In the past ten years, the synergy of the Group has injected strong momentum
into the development of CITIC Bank's bond underwriting business.
CITIC Bank, CITIC Securities, and CSC to build the "CITIC Joint Fleet", the three parties are closely linked, highly coordinated, and strong synergy promotes each other and achieves each other, CITIC institutions are better than their peers in key areas of the bond market such as debt financing instruments, corporate bonds, and financial bonds, forming a "first square" of bond market services, and focusing on providing enterprises with excellent bond financing arrangements
with full scene coverage, full factor integration, and full chain extension.

Rain or shine, the road will come
.
A trickle of water eventually becomes a river and a sea
.

On the occasion of the 20th Party Congress and looking forward to the next five to ten years, China CITIC Bank will continue to serve the real economy as its first mission, practice hard in the field of debt capital market, and strive to answer the "three long-term issues": First, deepen the stock, from products and services to customer management
.
Focus on the current high-frequency issuers of the credit bond market, provide one-stop "on-balance sheet + off-balance-sheet" and "commercial bank + investment banking" comprehensive financial solutions, comprehensive services and accurate adaptation to the full balance sheet needs of entity enterprises; The second is to develop increments to help build a bond issuer structure that matches the transformation of the economic structure
.
Walk in the same direction as the transformation of economic momentum, deeply explore the investment and financing needs of leading enterprises in the field of new kinetic energy, and serve customers in the bond market with a multi-pronged approach to help achieve rich distribution types and structural optimization of bond market issuers; The third is to improve the quality and move from single-link service to full-chain integration
.
Integrate the power of the financial ecosystem, provide customers with debt capital "underwriting + sales + investment + transaction" full-chain solutions, actively explore valuation management and market-making transactions, better play the function of price discovery and resource allocation in the financial market, and improve the ability and level of
"high value-added" financial service supply.

(Zhu Shuyi)

Responsible Editor: Xiao Zhihan Review: Wang Jinchen