Annual Report 2012

4 PRESIDENT’S REPORTOverall risk management was enhanced. The Group strengthened risk control in key areas and areas with potential risks, by establishing theoverall risk management measures and the overall risk management responsibility system, in response to the downward pressure of the economy.Differentiated credit approval methods were implemented within the Group, and approval processes were improved, with various new methodscreated, such as “Express Train” and “Pre-approval”. Risk management policies were established for off-balance sheet business and wealthmanagement services, and the risk management system for overseas entities was improved. Enterprise-wide consolidated risk management alsomade progress. The use of risk measurement tools was greatly promoted, and the regulatory inspection and evaluation of advanced measurementmethod in capital management was completed, laying a solid foundation for the implementation of capital management measures in 2013.Information technology (IT) tasks progressed steadily, and the product innovation and process optimisation were enhanced. In 2012, the Groupfocused on the building of a “new generation core banking system”. It completed the major part of an enterprise-level modelling, includingprocess model, data model, product model and user experience model, and entered the implementation phase. A total of 13 projects wereinitiated, including corporate cash management, household cash management, financial markets, custody, agency collection and payment, andoff-site audit. In 2012, the Group completed 378 projects on process optimisation, generated 7,812 validated innovative ideas, and completed348 product innovations.Outlook for 2013In 2013, the Group will further promote structural adjustments and operational transformation while focusing on productivity and quality,and stringently control risk, and consolidate the fundamentals in accordance with the set development strategy, to further improve its marketcompetitiveness. We will focus on the following tasks:• We will consolidate the market share of deposits and fee-based business, accelerate loan structure adjustment and reduce capitaloccupation.• We will accelerate the development of strategic businesses, including electronic banking, financial social security card, cash managementand pension business.• We will reinforce the risk control in key areas and maintain stable asset quality.• We will consolidate the fundamentals of operation and management, explore the base of effective customers, promote the pricingcapability, and get prepared for the implementation of the capital management measures.Lastly, I would like to sincerely thank the Board and the board of supervisors for their tremendous support, as well as our customers for their trustand our staff for their great dedication.Zhang JianguoVice chairman, executive director and president22 March 2013China Construction Bank Corporation annual report 201213