2006 Interim Reportï¼A Share.pdf - ä¸å½é¶è¡

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effective internal audit system steered by the Board of Directors and the Audit Committee. In the mean time, the Bank continuously improved the depth of its audits, focused on improvement in high-risk and weak areas and significantly enhanced the effectiveness of internal controls. Under the internal audit plan which mainly comprises regular audits while supplemented by special audits and individual case investigations, all levels of internal audit departments, at home and abroad, had deepened the audits while giving consideration to coverage. In the first half of 2006, the Bank conducted regular internal audits on 6 overseas institutions, 9 tier-1 branches, 115 tier-2 branches, 689 urban subbranches and 957 county-level sub-branches, and meanwhile completed 1,172 special internal audits (including 850 economic responsibility audits), and 31 case investigations. Capital Management The objective of the Bank's capital management is to effectively plan various types of capital to ensure that its capital is in line with the requirements of external regulations, credit rating, risk compensation and shareholder's return. It also endeavors to optimize financial ratios, improve the equity value and maximize shareholder's value on a risk-controlled basis by making full use of capital instruments and management measures. During the report period, the Bank's capital level is in line with all statutory requirements. Outlook In the second half of the year, we expect the Chinese economy will maintain its rapid growth momentum, thus providing a favorable macro environment for the operation of the Bank. Presented with new circumstances and new missions, the Bank will further study its strategy and strive to maintain stable and rapid growth for its various businesses, so as to ensure that the targets set at the beginning of the year can be fulfilled. In addition, the Bank will also continue its reforms, bearing in mind the requirements of the capital market. With respect to business development, the Bank will focus on developing its intermediary business, speed up development of its personal banking business, and further optimize its business structure and income mix. The Bank will also steadily develop its asset business with quality customers, maintain an appropriate pace of business development, proactively manage its liabilities, lower fund costs and improve service quality. In terms of risk management, the Bank will strengthen comprehensive risk management, refine its internal control systems, and establish three lines of defense comprising function management, compliance control and internal audit. The Bank also plans to take its organizational reforms and process integration to further depth, and also accelerate the implementation of the IT Blueprint. The reforms in HR management will continue, and more efforts will be devoted to improving management capability and staff quality. 47
Corporate Information Registered Name in Chinese 中国银行股份有限公司 ( 中国银行 ) Registered Name in English Legal Representative Secretary to the Board Qualified Accountant Authorized Representatives Bank of China Limited(Bank of China) XIAO Gang YEUNG Jason Chi Wai LEUNG Kim Lan Francis LI Lihui YEUNG Jason Chi Wai Compliance Advisers Goldman Sachs (Asia) L.L.C. UBS AG acting through its business group UBS Investment Bank Contact Address No.1 Fuxingmen Nei Da Jie, Beijing, PRC China Contact Telephone 8610-66596688 Fax 8610-66016871 E-mail Registered Office Office Address bocir@bank-of-china.com No.1 Fuxingmen Nei Da Jie, Beijing, PRC China No.1 Fuxingmen Nei Da Jie, Beijing, PRC China Post Code 100818 Place of Business in Hong Kong 8th Floor, Bank of China Tower, 1 Garden Road, Central, Hong Kong Credit Ratings (Long Term) Standard & Poor's BBB+ Moody's Investors Service A2 Fitch Ratings A- Rating and Investment Information, Inc. A- Dagong Global Credit Rating Co., Ltd. AAA Website Selected newspapers for disclosure Hong Kong newspapers Places Where the Interim Report Can be Obtained http://www.boc.cn China Securities, Shanghai Securities, Securities Times, China Daily South China Morning Post and Hong Kong Economic Journal Major business locations Website Designated by the China Securities Regulatory Commission to Publish the Interim Report Website Designated by the Stock Exchange of Hong Kong Limited to Publish the Interim Report http://www.sse.com.cn http://www.hkex.com.hk Index Constituent The Bank is a constituent of the following indices: MSCI China Index Series Shanghai Stock Exchange Index Series FTSE/Xinhua China 25 Index FTSE/Xinhua Hong Kong Index Hang Seng China Enterprises Index (H-Share Index) (Effective from 11 September 2006) Stock Codes H shares The Stock Exchange of Hong Kong Limited 3988 Reuters Bloomberg 3988.HK 3988 HK 48
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APPENDIX I: NET PROFIT AFTER DEDUCT
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Major Overseas Network ASIA-PACIFIC
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Major Overseas Network BANK OF CHIN
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