On July 25, the 2023 Fortune China 500 list was announced, Shanghai Rural Commercial Bank ranked 310th, with a significant increase of 159 places compared to 2022.
In recent years, Shanghai Rural Commercial Bank has closely followed the national strategic layout and regional economic development. It has adhered to the principle of seeking stability while making progress, closely aligned with strategic guidance, focused on customer development, actively pursued innovative transformation, emphasized value creation, strengthened risk management, and maintained a stable and positive development momentum in all operational aspects.
As of the end of 2022, Shanghai Rural Commercial Bank's total assets reached 1,281.399 billion RMB, a growth of 10.62% compared to the end of 2021. It achieved operating income of 25.627 billion RMB, with a year-on-year increase of 6.05%. The net profit attributable to shareholders reached 10.974 billion RMB, with a year-on-year increase of 13.16%, indicating steady improvement of operational efficiency. The non-performing loan ratio was 0.94%, achieving balanced and coordinated development in quality and efficiency.
In 2023, it is the first year for Shanghai Rural Commercial Bank to implement its new three-year strategic plan. The bank will continue to adhere to its mission of "inclusive finance delivers better life", and deepen its three core strategies of "insisting on customer orientation, inclusive finance and digital transformation". The bank will focus on building a retail financial service system driven by wealth management, a comprehensive financial service system driven by transaction banking, an inclusive financial service system rooted in rural finance, a technology financial service system characterized by science and innovation, and a sustainable development financial service system with green finance as its foundation. By upholding financial integrity and goodness to safeguard the true essence of life, and responding to market expectations with professionalism and progressiveness, the bank will steadily move forward on the path of achieving high-quality development.
The Fortune China 500 list is published by Fortune (Chinese edition) and primarily evaluates companies based on their total revenue and other financial data. This year, the list adopted a ranking methodology similar to the Fortune Global 500, and it includes both listed and non-listed companies.
