Annual Report 2001

Annual Report 2002
Annual Report 2003
 
    Building Our People
 

The Bank takes great pride in its highly-skilled staff and its extensive training program. The percentage of personnel with advanced degrees in the Bank is one of the highest among domestic banks, and its workforce, nearly 80% of whom are younger than 45, provide great promise of strong leadership in the years to come.

The Bank has won several awards for its staff and executive training programs, and is annually recognized as a model program among Chinese banks. A selection of over 20 courses each year, covering project management, project evaluation, asset restructuring, credit and liquidity management, and other important skills provides each staff member with the ability to expand his or her personal and professional development in many areas.

Staff levels at December 31, 1999 now exceed approximately 3,300, spread over 29 different locations around China and Hong Kong. The Bank's training and education program consists of several components:

Self-study and self-development courses - CDB strongly encourages its staff to pursue higher levels of education outside of the work environment, by participating in college and university classes as part of their spare time.

Overseas Study Toursˇ¤Cooperation with its overseas banking associates is very important to CDB. Since its inception, CDB has sent teams of senior management and department management for study tours with international banks and securities companies to improve their understanding of the banking sector globally, and identify ways to improve the Bank's operations in China. While the nature of the topics discussed changes each year, their general focus is on business skills, and introducing international practices to the Chinese market.

Domestic Targeted Trainingˇ¤CDB has established relationships with several leading universities in China, all in the interest of bringing a higher level of education to its employees, making them more equipped to handle their job responsibilities. At Xiamen University, the Bank has invested over RMB 2.05 million to provide over 70 graduate students with Master's degrees during 1999. The Central University of Finance and Banking also provides highly-qualified professional instructors to conduct a series of courses to help staff obtain higher education degrees in the convenience of the workplace. Over 400 people have been trained through this program since it was originated in 1995.

Expert Speakers and Seminarsˇ¤International and domestic experts are regularly invited to present courses to the Bank staff on relevant topics. During the past year, finance experts covered such topics as credit risk management, asset securitizations, small and medium-sized enterprise financing, and financial engineering.

The development of the Bank's staff also relies heavily on their ability to stay current on new trends affecting the marketplace. Core skills, such as technological and language proficiency, are made a required part of all staff training, and more specific classes on Internet usage and electronic banking trends, are also being continuously developed and presented.

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