Industrial and Commercial Bank of China Limited (IDCBY) 2021 Annual Results - Call Transcript

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Industrial and Commercial Bank of China Limited (OTCPK:IDCBY) 2021 Annual Results Conference Call March 30, 2022 6:00 AM ET

Company Participants

Liao Lin - President

Zhang Wenwu - VP

Zhang Wenwu - VP

Guan Xueqing - Board Secretary

Lu Yongzhen - Directors

Feng Weidong - Non-Executive Directors

Cao Liqun - Non-Executive Directors

Chen Yifang - Non-Executive Directors

Dong Yang - Non-Executive Directors

Tony Neoh - Non-Executive Directors

Yang Siu Shun - Non-Executive Directors

Shen Si - Non-Executive Directors

Nout Wellink - Non-Executive Directors

Fred Hu - Non-Executive Directors

Conference Call Participants

Unidentified Company Representative

Friends from the media, investors, analysts, good afternoon. Thank you for attending this result release. Due to the impact of the pandemic, this release is carried out with the online stream and a telephone conference. Before that we have collected questions from the investors and meanwhile, you can also leave messages at our platform, and we'll choose the questions to respond.

In this conference, we have Mr. Liao Lin, President; Mr. Zhang Wenwu, Vice President; Mr. Zhang Wenwu, Vice President and Mr. Guan Xueqing, Board Secretary. We also have the presence of Directors, Mr. Lu Yongzhen; Mr. Feng Weidong; Ms. Cao Liqun; Ms. Chen Yifang; Mr. Dong Yang; and also Mr. Tony Neoh; Mr. YANG Siu Shun; Mr. Shen Si; Mr. Nout Wellink; and Mr. Fred Hu.

We will ask Ms. Guan to first give us introduction.

Guan Xueqing

Last year, faced with a more complex and voluntary external environment, ICBC conscientiously implemented the decisions and arrangements of the CPC Central Committee and the State Council. We insisted on the 48-character guideline, we served the real economy and promoted the - bringing out strength to make up weaknesses by laying a solid foundation we have delivered and outstanding answer sheet.

First we strengthened our value creation

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