During this year's National People's Congress and Chinese People's Political Consultative Conference, "accelerating the development of new quality productive forces" was not only included in the 2024 government work report for the first time, but also listed as the top ten work tasks for 2024. In the practice of cultivating and developing new productive forces, the footprint of finance can be seen everywhere, and serving new productive forces has become a key focus of financial support for high-quality development.

As the first city commercial bank to have a fully functional subsidiary commercial bank in both Hong Kong and Macau, Xiamen International Bank has taken a unique path towards innovation by combining its own advantages. The bank takes industrial specialization as the breakthrough point and overseas Chinese finance as the focus, focusing on the key areas of the "five major articles", and taking multiple measures to improve the quality and efficiency of financial services, accumulating momentum and empowering the development of new quality productivity.

Focusing on the "Five Key Financial Areas" and Supporting the Construction of a Modern Industrial System

——Focusing on industrial finance, promoting the accelerated formation of new quality productive forces

Industry is the foundation of development, and accelerating the formation of new productive forces requires the construction of a modern industrial system. In order to better assist in the upgrading of industrial structure and the construction of a modern industrial system, Xiamen International Bank firmly regards industrial specialization as the strategic development direction of the bank, and continues to deeply cultivate industrial finance, committed to building it into a maintenance link to promote the development of overseas Chinese finance and the "Five Major Finances".

Specifically, Xiamen International Bank is based on the modern, pillar, and characteristic industries of its location, further subdividing key support tracks, formulating a "KEB" customer segmentation strategy, focusing on the three national key industries of new energy, digital manufacturing, and green environmental protection, deeply cultivating local characteristic industries such as new generation information technology, artificial intelligence, and biomedicine, creating a "four in one" financial service plan, and continuously increasing support for modern industries; In the future, we will focus on 11 primary industry categories and 33 sub industry tracks to target customer groups, comprehensively strengthen financial support for industrial upgrading, and improve the coverage of industrial customer groups.

Data shows that as of the end of the first quarter of 2024, Xiamen International Bank has invested 102.2 billion yuan in open loans in the direction of industrial specialization; At the same time, driven by the strong driving force of industrial finance, the bank's "Five Major Finances" have fully blossomed, with a net increase in loans accounting for 115% of the total net increase in loans across the bank.

——Carry out the "Five Major Articles" to inject financial momentum into new productive forces

Technological innovation is the core element driving the development of new quality productive forces. Taking technology finance as an example, Xiamen International Bank continuously strengthens the innovation of technology finance products and service system construction, accumulates more resources in the field of technology innovation, and fully leverages the due role of banking institutions in investment and financing support. Since 2020, the balance of technology enterprise loans from Xiamen International Bank has grown at a rate of over 25% for three consecutive years.

HT Company is one of the first batch of national level specialized and innovative key "little giant" enterprises, and also a major global producer of pure epitaxial silicon carbide semiconductor chips. With the increasing demand for silicon carbide epitaxial wafers from domestic and foreign electrical manufacturers and new energy vehicles, the company's orders and accounts receivable have grown rapidly, and the cash flow pressure urgently needs to be alleviated. After understanding the situation, Xiamen International Bank immediately coordinated with its branches and branches to conduct on-site visits and customize financial service plans for the company. Ultimately, it successfully approved a 500 million yuan unsecured credit line, effectively alleviating the cash flow pressure on the enterprise.

This is a microcosm of the high-quality development of Xiamen International Bank's service technology enterprises. Not only that, Xiamen International Bank actively utilizes the unique endowments of its two overseas subsidiaries, especially the resource advantage of Jiyou Bank, which has full licenses in Hong Kong numbered 1, 4, 6, and 9. By strengthening cross-border linkage, it has formed an internationalized "commercial bank+investment bank" product system to support the differentiated and diversified needs of investment and loan linkage for technology-based enterprises.

It is worth mentioning that the development of new productive forces cannot be separated from a strong industrial system and a complete industrial and supply chain. Xiamen International Bank fully leverages the advantages and value of financial technologies such as big data, blockchain, and platform finance, focusing on strengthening technological innovation around "scenario+two chains", and gradually improving the supply chain finance and scenario finance system serving technology-based enterprises. At present, the Bank is strengthening cooperation with various government data platforms, Internet platforms, big data companies, and core enterprises, using big data such as tax, industry and commerce, provident fund and social security, bidding, and customs to create and enrich financing scenarios, while creating exclusive products based on the characteristics of technology-based enterprises, and initially forming a "production, supply, and marketing" scenario financial product system around technology-based enterprises.

Green development is the foundation of high-quality development, and new productive forces themselves are green productive forces. In terms of green finance, under the guidance of Xiamen International Bank's "dual carbon" goals, it actively promotes a virtuous cycle of business development and environmental protection, and drives development with the "green content" of new quality productivity.

In 2021, Xiamen International Bank explicitly proposed in the "Fifth Five Year Plan" to actively develop green finance and strive to build a distinctive and widely recognized green finance advantage brand. In order to conduct more in-depth research on the green industry, Xiamen International Bank has comprehensively carried out research on green finance industry strategies, subdivided green finance industry classification credit strategies, and actively built a green finance comprehensive service platform to provide systematic support for green finance recognition, green finance product research and development, green finance marketing expansion, environmental risk management, etc., achieving comprehensive and centralized management of green finance business.

In addition, Xiamen International Bank has fully played the role of a performance evaluation baton, widely mobilizing the enthusiasm of market personnel to develop green finance business, guiding branch offices to prioritize credit resources towards energy conservation, environmental protection, new energy, and low-carbon emission reduction fields. At the end of the first quarter of 2024, the balance of green finance loans from Xiamen International Bank increased by 9.31% compared to the end of the previous year, and by 29.47% compared to the same period last year. The total balance of green finance increased by 42.45% compared to the end of the previous year.

Leveraging the advantages of distinctive endowments, cross-border finance helps new productive forces "sail out"

Openness is the best soil for innovation, and high-level opening-up plays an important role in accelerating the formation of new productive forces. As the first Sino foreign joint venture bank with overseas Chinese investment background in China, and the only city commercial bank with legal entities in mainland China, Hong Kong, and Macau, Xiamen International Bank is based on the "overseas Chinese gene" and deeply serves the overseas Chinese customer group. As of now, Xiamen International Bank's overseas Chinese financial business volume has exceeded 150 billion yuan, providing comprehensive financial services to over 85000 overseas Chinese enterprises.

At the same time, with the layout advantage of "taking the mainland as the main body and Hong Kong and Macao as the two wings", Xiamen International Bank has been deeply engaged in cross-border business for many years. Through domestic and foreign linkage and coordination, it has successively launched products such as cross-border guarantees, overseas joint credit, cross-border syndicates, cross-border bond issuance and investment, and investment loan linkage. The bank helps Chinese enterprises expand overseas financing channels and enhance their international influence. Among them, the scale of overseas loan business in the first quarter of 2024 reached RMB 2.475 billion, a year-on-year increase of nearly 40%. At the same time, the cross-border financial service platform "Cross border E-Station Tong" was launched in 2023, and as of the end of the first quarter of 2024, the cumulative business turnover of the platform had reached RMB 27.75 billion.

In this process, in order to adapt to the efficient and flexible service requirements of enterprises related to new quality productivity, Xiamen International Bank has taken multiple measures to create an online service experience of "data running away, customers staying at home", to meet various cross-border financial service needs of enterprises such as income and expenditure, investment and financing, exchange rate management, etc. At the same time, measures have been taken to reduce foreign exchange derivative deposits, provide preferential treatment for foreign exchange transaction exchange rates, remittances, and trade financing fees, and effectively help enterprises reduce burden and increase momentum.

At the end of 2023, Xiamen International Bank became the first urban commercial bank approved to participate in the Shanghai Electric Pakistan Thar Coalfield Block 1 2 * 660MW Coal Electricity Integration Project (referred to as the "Thar Project") consortium, and has completed the first loan disbursement for the Thar Project. The Thar project is a list of achievements of the the Belt and Road International Cooperation Summit Forum, and also a key energy cooperation project of the "China Pakistan Economic Corridor". The implementation of this project has a profound impact on building a "community with a shared future" between China and Pakistan, and plays a key role in promoting the construction of the China Pakistan Economic Corridor in all aspects. The successful implementation of this project is an important practice for Xiamen International Bank to assist enterprises related to new quality productivity in setting sail overseas.

Solidly cultivate technological skills, optimize financial supply through digital transformation

Under the wave of financial technology, the depth and breadth of digital transformation of commercial banks greatly affect their efficiency and quality in serving the real economy. The quality and efficiency requirements for new productivity services will further force financial institutions to accelerate their digital transformation.

Last year, Xiamen International Bank established the "Digital Development and Customer Journey Transformation Committee" to coordinate the digital transformation work of the entire bank, focusing on the principles of "reducing burden, empowering, improving quality, and increasing efficiency", comprehensively improving the level of internal management and customer financial services, and striving to achieve the business goal of "dual enhancement" of bank and customer value.

In the process of exploring new digital and distinctive financial service models, Xiamen International Bank has established the "Hello! Dream+" inclusive finance brand, relying on platforms such as digital small and micro, digital consumption, and industrial supply chain finance to continuously enrich characteristic digital small and micro retail financial products and services. As of the end of the first quarter of 2024, the retail digital credit balance exceeded 72 billion yuan. In addition, the bank has also released the digital brand of "National Bank E" companies, building three major product systems: "Rongsheng" innovative credit, "Huisheng" payment settlement, and "Yingsheng" channel services. It has tailored digital characteristic products and scenario financial services for different types of enterprises. In the first quarter of 2024, the company added 1.903 billion yuan in digital loans.

In order to enhance the customer service experience, Xiamen International Bank will systematically reshape 12 customer journeys in 2023, taking multiple measures from multiple dimensions such as systems, processes, models, and technology. The implemented measures have cumulatively simplified 158 operational steps, with an average reduction of about 58%. The total end-to-end time for a single business has decreased by more than 115 hours, with an average reduction of about 62%. In the process of reshaping the customer journey, the bank has increased the application of artificial intelligence, first tested CHATXIB, innovatively proposed a three-level application architecture of business scenario think tank, business analysis and warning, and multimodal image text interaction, empowering frontline grassroots to reduce burden.

It is worth mentioning that a good risk control system is the foundation for commercial banks to further support new productive enterprises in terms of credit limits, financing costs, and other aspects. In terms of risk control and guarantee, Xiamen International Bank adheres to the development concept of "smart innovation and digital leadership" in financial technology, focuses on independent innovation and research and development of key core technologies, and has built an intelligent risk control system that integrates risk data, model research and development, intelligent decision-making, and monitoring and early warning, forming an independent risk control capability with big data model algorithms as the core.

At present, Xiamen International Bank has established a unified risk engine platform, realizing the unified deployment and operation of risk control rules and models across the bank, managing the risk strategies and decision-making processes of various products across the bank, accessing over 1000 internal and external data interfaces, supporting over 400 risk control scenarios, deploying over 5000 risk control rules, and processing nearly 30 million incoming cases annually, with an average of over 80000 incoming cases processed daily. Among them, Xiamen International Bank will seamlessly integrate automated risk pre screening, decision-making, early warning and other functions into business processes, improve the application effect of risk systems, gradually achieve comprehensive digitalization and intelligence of risk management, and ensure efficient operation of various businesses.

New quality productivity is an inherent requirement and important focus for promoting high-quality development. Xiamen International Bank will continue to make efforts towards "innovation", fully leverage its own advantages and endowments, innovate and improve comprehensive and diversified financial products and services, and inject a continuous stream of "financial vitality" into the high-quality development of new quality productivity for hundreds of banks and industries.