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ICBC Party Committee Learns and Implements the Spirit of General-Secretary Xi Jinping’s Important Remarks

On the morning of February 24, Industrial and Commercial Bank of China convened the Party Committee (enlarged) Meeting to learn and implement the spirit of General-Secretary Xi Jinping’s important remarks when delivering an important speech at a meeting in Beijing to advance the work on coordinating the prevention and control of the novel coronavirus disease (COVID-19) and economic and social development. The (enlarged) meeting was chaired by Chen Siqing, ICBC’s Secretary of Party Committee and Chairman of the Board of Directors.

The meeting said, General-Secretary Xi summed up in Beijing recent efforts that had been made on the prevention and control of the COVID-19 epidemic, and deeply analyzed the latest update and its impact on China’s economic and social development, announcing key missions and measures on reinforcing the party’s leadership and advancing the work on coordinating the prevention and control of the COVID-19 and economic and social development. The meeting further boosted our confidence to win the battle against the epidemic, and provided guidance and basic rules on our future work in this respect.

The meeting of February 24 stressed that ICBC shall act under the centralized and unified judgment and deployment of the central government, by bearing in mind the spirit of General-Secretary Xi’s important remarks and strengthening “Four Awareness”, “Four Confidence” and “Two Safeguards”, in order to win the people’s war against the virus.

The meeting also emphasized on unremitting efforts in prevention and control of the COVID-19, requiring institutions at all levels to adopt effective measures to coordinate the prevention and control of the virus and economic and social development under the centralized and unified leadership of the Party. Our party members shall take the lead in the process, cultivating their awareness of danger and improving their working skills. In particular, targeted measures on prevention and control of COVID-19 shall be applied by region and level, to make differentiation strategy in accordance with different situations of different regions. Aid to Wuhan City and Hubei Province shall be put on the top priority. Efforts on preventing and controlling the epidemic in Beijing shall be steadily bolstered up to curb the spread of the virus by strictly following the unified guidance of “strengthening the management and coordination mechanism on access into Beijing’, accordingly undertaking relevant responsibilities in the battle, and rigorously fulfilling “four-party responsibilities”. Procurement of overseas materials shall continue under unified leadership to build up support to Hubei. Work guidance and discipline supervision shall be stepped up to boost enforcement of each work.

The meeting attached great importance on reinforcing ICBC’s financial services in a broader prospective, stressing that further attention shall be placed on the bank’s role in serving the overall economic and social development in accordance with the general requirements of “the six fields the country aims to stabilize”, the decisive stage in finishing building a moderately prosperous society in all respects, and the 13th Five-Year Plan. Specifically, financial services shall be provided accordingly by the status quo of work resumption in different regions. Policy direction and credit injection shall be strengthened to offer targeted financial services to epidemic prevention and control, work resumption, and the development of the real economy, thus further relieving financing stress and cutting financing cost. Investment on local debts and targeted projects shall be expanded to boost financing and investment. The bank shall also take the initiative to meet customers’ needs and diversify its service to unleash consumption demand and stabilize China’s foreign trade and foreign investment. Financial service in the fields concerning people’s livelihood shall be improved as well to accomplish the mission of poverty alleviation.

(中国工商银行 2020-02-28)