Qingdao Rural Commercial Bank Corporation

Qingdao Rural Commercial Bank Corporation (QRCB) is a commercial banking institution listed on the Shenzhen Stock Exchange since 2019. The bank offers a wide range of financial services and products, including deposit accounts, various types of loans, domestic and international settlements, and bill discounting. Additionally, QRCB provides services such as foreign exchange trading, credit guarantees, and financial advisory, catering to both urban and rural customers. QRCB operates primarily in the Qingdao region, which is recognized for its strategic economic significance and potential for growth. The bank has established a unique urban and rural financial service model, with the largest branch network in Qingdao, and focuses on serving micro-to-medium-sized enterprises through tailored financial solutions. QRCB is committed to maintaining advanced corporate governance and a robust risk management system, while also adapting to emerging market trends through innovative financial products and services. The bank's comprehensive approach positions it favorably within the competitive landscape of monetary and financial services.

Regional economy with great potentiality: Qingdao is a national important coastal central city, a "Belt and Road" strategic city and a maritime strategic cooperation city. It is the core area of Shandong peninsula blue economic zone and the intersection of financial comprehensive reform zone. "China-SCO Local Economic and Trade Cooperation Demonstration Area" and “Shandong free trade zone” were constructed successively in Qingdao which grant the city with great geographical advantages. By setting up the goal of ‘pioneering and creation’, Shandong provincial government launches eight major development strategies which provide a new market for QRCB to develop cross-regional sales. Advanced corporate governance: At present, our shareholders are widely distributed, and the key shareholders remain stable. QRCB has established a series of specialized committees under the Board of Directors, the Board of Supervisors and the senior management to ensure an effective governance on decision making, project implementation, conflict of interest, incentive plans and assessments etc. Unique urban and rural financial service model: QRCB provides the largest number of branches in Qingdao and offers full of services and various products for both urban and rural area. In orde to meet the needs of customers, QRCB has invented the first Internet small and micro cloud payment system, and has launched "five-special services”. Also, QRCB has forged a service brand recognised as "intimate bank for urban and rural residents", and build a "four-in-one" comprehensive platform connecting community sub-branch, micro-loan center, direct banking and wealth management. Professional and efficient services for micro-to-medium size firms: QRCB fully serves micro-to-medium size enterprises. Attention is paid on credit risk management, and a five-step risk management centre is formulated. In addition, QRCB implements a three-level authorization mechanism to improve the efficiency of approval processing on micro-medium size loans. Moreover, by introducing the micro-loan technology from German, QRCB now is able to meet the special financial needs for SMEs. Last but not least, QRCB develops international business advantage, which helps SMEs to participate in global competition. Excellent financial assets and investment abilities: While developing retail banking, corporate banking and international business services, QRCB has actively transformed itself to a "capital-light and asset-light" trading bank in order to adapt emerging financial market and investment opportunities. Professional operation procedures for investment and financial management business have been set up. The Financial Market Center is the first one to get qualification license among all rural commercial banks in China, also the Center obtains a number of other business qualifications and a variety of investment products. Comprehensive risk control and internal control systems: The ideology of QRCB is "solid operation and steady development". A top-down risk management system has been built. And Risk control system effectively ensures the solid and efficient business operation. QRCB has strengthened the internal control system and internal risk measurement, and formed a “triple lines of internal control” system, which covers all risk of the business. Practical management team: The senior management team with profound industrial understanding, market-oriented management concepts and experienced management skills. And QRCB has adapted market-oriented talent recruitment methods, focused on the career development of employees, and set up a effective bank assessment system to promote employees by their ablities, contributions and achievements.