此年報以環保紙印刷

1鄭州銀行股份有限公司

第一章 公司簡介 2

第二章 會計數據及主要財務指標摘要 5

第三章 董事長致辭 8

第四章 行長致辭 9

第五章 管理層討論和分析 10

第六章 股本變動及股東情況 57

第七章 董事、監事、高級管理人員、員工及機構情況 65

第八章 企業管治報告 85

第九章 董事會報告 113

第十章 監事會報告 120

第十一章 重大事項 122

第十二章 內部控制與內部審計 126

第十三章 獨立核數師報告 128

釋義 255

* 本年報以中、英文編製，倘中、英文有任何歧義，概以中文為準。

目錄

2 2016年度報告

第一章 公司簡介

1 公司基本情況

法定中文名稱： 鄭州銀行股份有限公司1（簡稱：鄭州銀行）

法定英文名稱： Bank of Zhengzhou Co., Ltd.1 （簡稱：ZHENGZHOU BANK）

法定代表人： 王天宇先生

授權代表： 王天宇先生、傅春喬先生

董事會秘書： 傅春喬先生

聯席公司秘書： 傅春喬先生、梁穎嫻女士

H股股票上市交易所： 香港聯合交易所有限公司

股份簡稱和股份代號： 股份簡稱：鄭州銀行

股份代號：6196

統一社會信用代碼 914100001699995779

金融許可證號 B1036H241010001

註冊和辦公地址： 中國河南省鄭州市鄭東新區商務外環路22號

香港主要營業地點： 香港灣仔皇后大道東28號金鐘匯中心18樓

聯繫地址： 中國河南省鄭州市鄭東新區商務外環路22號

電話： +86-371-67009199

傳真： +86-371-67009898

電子郵箱： ir@zzbank.cn

本行網址： www.zzbank.cn

審計師： 畢馬威會計師事務所

中國法律顧問： 北京市金杜律師事務所

香港法律顧問： 金杜律師事務所

合規顧問： 交銀國際（亞洲）有限公司

H股股份過戶登記處： 香港中央證券登記有限公司

內資股股票託管機構： 中國證券登記結算有限責任公司

1 本行並非香港法例第155章《銀行業條例》所指認可機構，不受限於香港金融管理局的監督，並無授權在香港經營銀行及╱或

接受存款業務。

3鄭州銀行股份有限公司

第一章 公司簡介（續）

2 公司簡介

鄭州銀行是經中國人民銀行批准，在鄭州市48家城市信用合作社基礎上於1996年11月註冊成立的區域性

股份制商業銀行，2000年2月更名為鄭州市商業銀行股份有限公司，2009年12月正式更名為鄭州銀行股

份有限公司。本行於2015年12月在香港聯交所主板掛牌上市，是河南省首家、全國第十家上市的城市商

業銀行。鄭州銀行一貫堅持「商貿物流銀行、中小企業融資專家、精品市民銀行」的市場定位，秉持「中意

你我他」的價值主張和「服務到心」的品牌理念，專注小微領域，服務實體經濟，堅持走特色化、差異化發

展之路，各項業務不斷取得歷史性突破，市場競爭力和綜合實力顯著增強。目前，本行已發起成立了九

鼎金融租賃公司，以及中牟、新密、鄢陵、扶溝4家村鎮銀行，並收購新鄭金穀村鎮銀行，綜合化經營穩

步推進。

截止2016年12月31日，本行在職員工3,773人，分支行132家，其中河南省內分行10家。資產規模人民

幣3,661.48億元，存款餘額人民幣2,163.90億元，貸款餘額人民幣1,110.92億元，資本充足率11.76%，

不良貸款率1.31%，撥備覆蓋率237.38%，各項主要監管指標均達到監管要求。

本行經營管理能力的持續提升，得到了社會各界的廣泛認可。在「2015年全球銀行1000強」榜單中，本行

一級資本總額、資產規模分別位居第337位、第327位，較上年分別上升102位、49位；在中國《銀行家》

雜誌社2016年中國商業銀行競爭力排名中，本行被評為「2015年度資產規模2,000–3,000億元城市商業銀

行競爭力評價第二名」；在麥肯錫「中國TOP40銀行價值創造排行」中，本行2015年RAROC（風險調整資本

收益）在國內中資銀行排名第3。基於良好的業績和市場表現，本行被《大公報》等香港和內地多家知名機

構聯合評為中國證券金紫荊獎－最具投資價值上市公司等榮譽。

4 2016年度報告

第一章 公司簡介（續）

3 2016年度主要獲獎情況

2016年1月，在2015年度中國債券市場優秀成員排名中，本行榮獲中央國債登記結算有限責任公司頒發

的「優秀自營商獎」。

2016年4月，在全國銀行間同業拆借中心舉辦的銀行間本幣市場交流會上，本行榮獲「最佳城市商業銀行

獎」和「最具市場影響力獎」。

2016年5月，在中國《銀行家》雜誌社、中央電視台、中國社會科學院金融研究所、中央財經大學互聯

網經濟研究院主辦的「中國金融創新獎」評選活動中，本行被授予「最佳金融創新獎」，本行「保證保險貸

款」、「金梧桐」、「鼎融易」分別榮獲「十佳金融產品創新獎」、「十佳財富管理創新獎」和「十佳互聯網金融

創新獎」。

2016年9月，在中國《銀行家》雜誌社2016年中國商業銀行競爭力排名中，本行榮獲「2015年度資產規模

2,000–3,000億元城市商業銀行競爭力評價第二名」。

2016年11月，在清華大學經濟管理學院主辦的「清華金融科技論壇」上，本行通用繳費產品榮獲「中國金

融品牌紫荊花獎－創新網絡金融產品」。

2016年12月，在香港《大公報》等機構組織的中國證券金紫荊獎評選活動中，本行被評為「最具投資價值

上市公司」。

5鄭州銀行股份有限公司

第二章 會計數據及主要財務指標摘要

本年度報告所載財務資料乃以合併基準按照國際財務報告準則（「國際財務報告准則」）編製，除特別註明外，為

本行及所屬子公司（以下統稱「本集團」）數據，以人民幣列示。

本行按照中國會計準則和按國際財務報告準則編製的財務報表中，截至2016年12月31日止年度內歸屬於股東的

淨利潤和報告期末歸屬於股東的淨利潤並無差異。

截至12月31日止年度

2016年 2015年

2016年

比2015年 2014年 2013年 2012年

（除另有註明外，以人民幣百萬元列示）

經營業績 變動率(%)

利息淨收入 8,300 6,906 20.19 5,284 4,102 3,190

手續費及佣金淨收入 1,215 713 70.41 348 162 62

營業收入 9,981 7,861 26.97 5,505 4,257 3,578

營業費用 (2,435) (2,252) 8.13 (1,842) (1,386) (1,342)

資產減值損失計提 (2,346) (1,298) 80.74 (497) (400) (328)

稅前利潤 5,257 4,362 20.52 3,203 2,507 1,923

淨利潤 4,045 3,356 20.53 2,463 1,902 1,460

歸屬於本行股東的淨利潤 3,999 3,357 19.12 2,463 1,902 1,460

每股計（人民幣元） 變動率(%)

歸屬於本行股東的每股淨資產 4.00 3.46 15.61 2.89 2.42 1.95

每股收益 0.75 0.85 (11.76) 0.62 0.48 0.37

盈利能力指標(%) 變動

平均總資產回報率(1) 1.28 1.43 (0.15) 1.39 1.50 1.67

平均權益回報率(2) 20.46 22.99 (2.53) 23.52 22.10 21.04

淨利差(3) 2.52 2.95 (0.43) 3.07 3.30 3.99

淨利息收益率(4) 2.69 3.12 (0.43) 3.31 3.50 4.00

手續費及佣金淨收入

佔營業收入比 12.17 9.07 3.10 6.32 3.81 1.74

成本收入比(5) 22.26 23.27 (1.01) 27.72 27.06 32.89

6 2016年度報告

第二章 會計數據及主要財務指標摘要（續）

截至12月31日止年度

2016年 2015年

2016年

比2015年 2014年 2013年 2012年

（除另有註明外，以人民幣百萬元列示）

資本充足指標(6)(%) 變動

按《商業銀行資本管理辦法》

計算

核心一級資本充足率 8.79 10.09 (1.30) 8.66 10.28 不適用

一級資本充足率 8.80 10.09 (1.29) 8.66 10.28 不適用

資本充足率 11.76 12.20 (0.44) 11.12 12.08 不適用

按《商業銀行資本充足率

管理辦法》計算

核心資本充足率 不適用 不適用 不適用 不適用 不適用 12.79

資本充足率 不適用 不適用 不適用 不適用 不適用 15.26

總權益對總資產比率 5.97 6.71 (0.74) 5.58 6.39 7.40

資產質量指標(%) 變動

不良貸款率(7) 1.31 1.10 0.21 0.75 0.53 0.47

撥備覆蓋率(8) 237.38 258.55 (21.17) 301.66 425.54 425.28

貸款撥備率(9) 3.11 2.85 0.26 2.26 2.24 2.01

其他指標(%) 變動

存貸比 51.34 55.73 (4.39) 58.83 61.65 67.19

規模指標 變動率(%)

資產總額 366,148 265,623 37.84 204,289 149,334 103,734

其中：發放貸款淨額 107,633 91,604 17.50 76,226 61,536 49,153

負債總額 344,287 247,799 38.94 192,884 139,798 96,063

其中：吸收存款 216,390 169,195 27.89 132,561 102,097 74,654

股本 5,322 5,142 3.50 3,942 3,942 3,942

歸屬於本行股東權益 21,296 17,795 19.67 11,405 9,536 7,671

非控制性權益 565 29 1848.28 – – –

權益總額 21,861 17,824 22.65 11,405 9,536 7,671

7鄭州銀行股份有限公司

第二章 會計數據及主要財務指標摘要（續）

附註：

(1) 指期內淨利潤佔期初及期末的資產總額平均餘額的百分比。

(2) 指期內可分配給本行權益股東的淨利潤佔期初及期末分配給母公司權益股東的總權益平均餘額的百分比。

(3) 按照生息資產總額的平均收益率與付息負債總額的平均成本率的差額計算，基於每日平均生息資產及付息負債計算。

(4) 按照利息淨收入除以平均生息資產計算，基於每日平均生息資產計算。

(5) 按扣除稅金及附加後的營業費用除以營業收入計算。

(6) 中國銀行業監督管理委員會（「銀監會」）於2012年6月7日發佈《商業銀行資本管理辦法》並於2013年1月1日取代《商業銀行資本充足

率管理辦法》生效。

(7) 按不良貸款總額除以客戶貸款總額計算。

(8) 按貸款減值損失準備除以不良貸款總額計算。

(9) 按貸款減值損失準備除以客戶貸款總額計算。

8 2016年度報告

第三章 董事長致辭

2016年，世界經濟繼續深度調整，風險事件頻發，主要經濟體增長格局出現分化，中國經濟緩中趨穩，經濟結

構加速調整，金融脫媒趨勢不斷加劇。面對日趨複雜的經濟金融環境和日趨激烈的市場競爭，本行董事會在廣

大股東的大力支持下，緊緊圍繞三大定位，繼續保持戰略定力，主動適應環境變化，積極搶抓發展機遇，帶領

全體員工克難攻堅、銳意進取，在促進業務發展、完善公司治理等方面做了大量工作，取得了亮麗成績。

創新思路、亮點紛呈。2016年，本行以市場化改革為契機，不斷加快業務創新和轉型發展步伐，持續強化全

面風控體系建設，資產規模持續增長、各項存款大幅增加、盈利水平穩步提升。截止2016年12月31日，本行

資產規模達到人民幣3,661.48億元，存款餘額人民幣2,163.90億元，貸款餘額人民幣1,110.92億元，在本地

銀行系統中，存款規模穩居第1位。2016年，本行實現淨利潤人民幣40.45億元，平均總資產回報率(ROA)達

到1.28%，平均權益回報率(ROE)達到20.46%。同時，本行始終堅持穩健經營的發展理念，本行資本充足率為

11.76%，撥備覆蓋率為237.38%，全年不良貸款率控制在1.31%，主要監管指標保持較好水平。

堅定戰略、穩步推進。2016年是本行2016–2020五年發展規劃的開局之年，也是業績大豐收、發展大跨越的一

年。2016年，本行紮實推進綜合化經營，發起設立的九鼎金融租賃公司順利開業，並收購新鄭金穀村鎮銀行，

從而擴充了鄭銀村鎮銀行的數量；適時啟動A股上市工作，上市申請順利獲得中國證監會受理，同時成功發行

2016年首期人民幣30億元二級資本債，資本補充渠道進一步拓寬；繼續加大業務資格的申報力度，喜獲資產證

券化、B類主承銷商、開放式理財等資格，新業務、新產品的推出速度明顯加快；不斷加快機構網點佈局，設立

濮陽分行、平頂山分行，網點向全省覆蓋又邁出堅實一步。

不畏挑戰、提升價值。2016年，本行面對日益激烈的市場競爭，主動適應環境變化，積極強抓發展機遇，公司

市場價值獲得不斷提升。在中國《銀行家》雜志社2016年中國商業銀行競爭力排名中，本行被評為資產規模人民

幣2,000–3,000億元城市商業銀行競爭力評價第二名；在麥肯錫中國TOP40銀行價值創造排行中，本行RAROC

（風險調整資本收益）在國內中資銀行中排名第3位、國內城市商業銀行中排名第1位；在《21世紀經濟報道》主辦

的亞洲商業銀行綜合競爭力排名中，本行位於第67位、中國內地商業銀行第29位；同時本行還被香港《大公報》

等機構聯合評為中國證券金紫荊獎－最具投資價值上市公司。

舊歲已展千重錦，新年更進百尺桿。2017年，本行將不忘初心、砥礪前行，堅定圍繞「商貿金融、小微金融、

市民金融」三大特色定位，突出創新工作主線，打造核心競爭力，重視合規、風險管理，堅持穩中有進、穩中有

為，以更好的經營業績回報廣大股東、投資者和社會各界的信任與支持。

董事長

王天宇

9鄭州銀行股份有限公司

第四章 行長致辭

2016年，面對複雜的經濟形勢，鄭州銀行認真落實國家經濟發展戰略和監管部門各項要求，堅持「商貿金融、

小微金融、市民金融」三大特色定位，圍繞「打基礎、嚴管理、打造強力總行、推進轉型發展」工作主線，持續推

進各項改革創新，進一步鞏固競爭優勢，實現業務發展大跨越、經營業績大豐收。

這一年，是我們開拓奮進的一年。本行A股上市申請獲中國證監會受理；成功發行2016年首期人民幣30億元二

級資本債，募集資金全部補充本行二級資本；發起設立的九鼎金融租賃公司順利開業，綜合化經營邁出實質性

一步；喜獲信貸資產證券化、B類主承銷商、開放式理財業務資格；設立濮陽分行、平頂山分行，收購新鄭金榖

村鎮銀行，網點向全省覆蓋又邁出堅實一步。2016年，資產、存款、盈利等主要指標增量均創歷史新高。截至

2016年末，資產規模人民幣3,661.48億元，較年初增長人民幣1,005.25億元，增幅37.84%；存款餘額人民幣

2,163.90億元，較年初增長人民幣471.95億元，增幅27.89%；貸款餘額人民幣1,110.92億元，較年初增長人

民幣167.98億元，增幅17.81%；實現淨利潤人民幣40.45億元，較上年增長人民幣6.89億元，增幅20.53%。

資本充足率11.76%，不良貸款率1.31%，撥備覆蓋率237.38%。

這一年，是我們提質增效的一年。新設股權投資管理部、網路金融部，成立創新、投行、消費金融、商貿物

流、集團並表管理等12個中心，圍繞業務和管理重點，穩步推進各項改革；加快推進小微金融、公司業務、銀

行卡業務、互聯網金融、電子支付渠道創新，其中貿易融資資產支持證券業務成功落地，成為上海證券交易所

由銀行增信的首單貿易融資資產支持證券類產品，在全國城市商業銀行中屬於首創。

這一年，是我們穩健發展的一年。我們按照監管要求，認真落實「三十個嚴禁」，開展「兩加強、兩遏制」回頭

看自查；積極調整信貸結構，壓縮「兩高一剩」及風險客戶貸款；加強不良貸款的處置和管控；強化日常監督檢

查、業務專項檢查、專項審計，開展各類行為排查，加強薄弱環節，堵塞風險漏洞。全年重大違規事項和案件

「零發生」，保持了健康穩健的發展態勢。

成績的取得離不開廣大股東、投資者和社會各界的鼎力支持，這也是激勵我們奮鬥不息的源源動力。2017年，

是本行新五年戰略規劃實施的第二年，是申報A股上市的關鍵年，也是「三大特色定位」建設的提升年，我們將

以創新為重要抓手，以「三大特色定位」建設為主要目標，突出加強薄弱環節，突出打好風險案件防控攻堅戰，

努力提升核心競爭力，全面開創鄭州銀行創新發展新局面！

行長

申學清

10 2016年度報告

第五章 管理層討論和分析

1 過往經濟與環境及展望

2016年，面對錯綜複雜的國內外經濟環境，我國政府堅持穩中求進工作總基調，堅持新發展理念，以推

進供給側結構性改革為主線，適度擴大總需求，堅定推進改革，妥善應對風險挑戰，引導形成良好社會

預期，國民經濟運行緩中趨穩、穩中向好。2016年，國內生產總值(GDP)人民幣744,127億元，比上年增

長6.7%，全年固定資產投資（不含農戶）人民幣596,501億元，比上年名義增長8.1%，全年居民消費價

格(CPI)比上年上漲2.0%，全年工業生產者出廠價格(PPI)比上年下降1.4%。截至2016年12月末，廣義貨

幣(M2)餘額人民幣155.01萬億元，同比增長11.3%，狹義貨幣(M1)餘額人民幣48.66萬億元，同比增長

21.4%，流通中貨幣(M0)餘額人民幣6.83萬億元，同比增長8.1%。截至2016年末，國內銀行業金融機

構本外幣資產總額人民幣232.25萬億元，同比增長15.8%，增速較上年上升0.13個百分點；存貸款餘額

穩中有增，本外幣貸款餘額人民幣112.06萬億元，較年初增長12.79%；本外幣存款餘額人民幣155.52

萬億元，較年初增長11.27%；資產質量基本穩定，商業銀行不良貸款率1.74%，較上年末上升0.07個百

分點；商業銀行實現淨利潤人民幣1.65萬億元，同比增長3.54%；平均資產利潤率0.98%，平均資本利

潤率13.38%，與上年基本持平；風險抵禦能力持續增強，商業銀行撥備覆蓋率176.40%，貸款撥備率

3.08%，資本充足率13.28%，均與上年基本持平，銀行業系統性風險總體可控。

2016年，本行主要經營活動所在地－中國河南省堅持以新發展理念為引領，主動適應經濟發展新常態，

扎實推進供給側結構性改革，統籌穩增長、促改革、調結構、強基礎、惠民生、防風險，全省經濟保持

總體平穩、穩中有進的運行態勢。經初步核算，2016年，全省生產總值人民幣40,160.01億元，比上年

增長8.1%，增速高於全國平均水平1.4個百分點。全省規模以上工業增加值增長8.0%，高於全國2.0個百

分點；固定資產投資人民幣39,753.93億元，增長13.7%，高於全國5.6個百分點；全省居民消費價格同

比上漲1.9%。2016年，河南銀行業保持良好發展勢頭，存貸款分別較年初增加人民幣6,697.6億元和人

民幣5,341億元，同比分別增長13.9%和16.8%，分別高於全國平均水平2.57個百分點和4個百分點，不

良貸款率2.87%，較年初下降0.14個百分點。

11鄭州銀行股份有限公司

第五章 管理層討論和分析（續）

2017年，全球經濟復蘇仍然不容樂觀，而且增長動力不足，經濟發展面臨諸多不確定性。國內經濟隨

著供給側結構性改革和轉型升級的穩步推進，新的動力在增長，經濟運行的質量逐步改善，國內經濟總

體上有望繼續保持穩中有進態勢，但經濟運行中也面臨著不少困難和挑戰，經濟平穩增長的基礎尚不牢

固。同時，金融市場化改革提速，利率市場化進程加快，金融脫媒進一步加劇，同業競爭將更加激烈。

2017年，本行將以商貿金融、小微金融、市民金融「三大特色定位」建設為主要目標，突出加強薄弱環

節，以創新為重要抓手，繼續鞏固和擴大市場份額，努力提升核心競爭力；突破傳統業務發展模式，

圍繞輕資產、低資本消耗、低成本和快周轉，打造新的業務高地，提升轉型發展水平；突出信用風險防

控，加強風險管理，築牢發展底線，強化審計檢查，防範各類風險發生。

2 經營總體情況

2016年，鄭州銀行面對日益複雜的經濟金融形勢，務實、擔當、進取，頂住壓力、精準發力，各項工作

紮實推進，取得了可喜成績。

主要經營指標創歷史新高。2016年，本行經營指標延續了快速增長的勢頭，資產、存款、盈利等主要指

標增量均創歷史新高。截至2016年末，本行資產規模人民幣3,661.48億元，較年初增長人民幣1,005.25

億元，增幅37.84%；存款餘額人民幣2,163.90億元，較年初增長人民幣471.95億元，增幅27.89%；貸

款餘額人民幣1,110.92億元，較年初增長人民幣167.98億元，增幅17.81%；實現淨利潤人民幣40.45億

元，較上年增長人民幣6.89億元，增幅20.53%。資本充足率11.76%，不良貸款率1.31%，撥備覆蓋率

237.38%，主要監管指標符合監管要求。

12 2016年度報告

第五章 管理層討論和分析（續）

「三大特色定位」建設有聲有色。2016年，本行圍繞「商貿金融、小微金融、市民金融」的建設目標，精心

規劃、有序推進，成績可圈可點。商貿金融方面，聘請著名諮詢機構，編製建設規劃；開發「保付通」、

「全流通」等產品、不斷加強與戰略客戶的深入合作，全年新增物流客戶85家；落地貿易融資資產支持證

券、遠期結售匯、自營福費廷、「免費供」等產品，政府保理、買賣福費廷和「互匯通」等業務持續增效，

拉動貿融業務快速增長，年末貿融餘額人民幣398億元，較年初增長人民幣197億元，實現倍增。小微金

融方面，完善小微管理機制，優化批量營銷業務模式，促進專業高效；新建38款風控模型，推出物流流

量貸、銷售終端（POS）流量貸、稅銀貸等產品；加大消費金融貸款投放力度，全年新增人民幣21億元，

增幅44.5%；舉辦「簡單派」、「樂生活」品牌發佈會，推出簡單派吉祥物「派點點」，全面提速以「簡單派不

簡單、小金融大作為」為內涵的品牌建設。截至2016年末，小微貸款連續六年完成「三個高於」指標。市

民金融方面，制定首個系統性的精品市民銀行建設方案，發行「市民一卡通」、方圓物流卡、書香卡、浙

商通等特色銀行卡，廣泛拓展IC卡行業應用；推出個人大額存單、「惠得利」系列等新產品，不斷提升大

眾營銷參與度；補充零售部經理人才庫，開展財富管理知識培訓、競賽，優化零售隊伍考核，初步建立

了一支年輕、富有活力、專業專注的零售隊伍。2016年末，儲蓄存款餘額達人民幣608.27億元，較年初

增長人民幣137.45億元，增幅29.19%；信用卡發卡量達6萬多張，實現收入人民幣3,400萬元。

重大戰略性工作深入推進。本行首次公開發行A股股票申請獲中國證監會受理，標誌著本行進入A股上市

排隊行列；成功發行首期人民幣30億元二級資本債，募集資金全部補充二級資本；本行附屬公司九鼎金

融租賃公司掛牌開業，中牟鄭銀村鎮銀行股份有限公司新三板上市獲中國銀監會備案，有望成為中國河

南省內首家登陸「新三板」的法人銀行；成功收購新鄭金穀村鎮銀行股份有限公司，開創了中國河南省內

銀行業並購的先河。

13鄭州銀行股份有限公司

第五章 管理層討論和分析（續）

3 利潤表分析

截至12月31日止年度

2016年 2015年 變動金額 變動率

(%)

（除另有註明外，以人民幣百萬元列示）

利息收入 15,057 12,664 2,393 18.90

利息支出 (6,757) (5,758) (999) 17.35

利息淨收入 8,300 6,906 1,394 20.19

手續費及佣金收入 1,260 745 515 69.13

手續費及佣金支出 (45) (32) (13) 40.63

手續費及佣金淨收入 1,215 713 502 70.41

交易淨收益 79 127 (48) (37.80)

投資淨收益 208 27 181 670.37

其他營業收入 179 88 91 103.41

營業收入 9,981 7,861 2,120 26.97

營業費用 (2,435) (2,252) (183) 8.13

資產減值損失 (2,346) (1,298) (1,048) 80.74

營業利潤 5,200 4,311 889 20.62

應佔聯營公司利潤 57 51 6 11.76

稅前利潤 5,257 4,362 895 20.52

所得稅費用 (1,212) (1,006) (206) 20.48

年度淨利潤

淨利潤歸屬於 4,045 3,356 689 20.53

本行股東 3,999 3,357 642 19.12

非控制性權益 46 (1) 47 4,700

2016年，本行實現稅前利潤人民幣52.57億元，同比增長20.52%；實現淨利潤人民幣40.45億元，同比

增長20.53%。

3.1 利息淨收入、淨利差及淨利息收益率

2016年，本行實現利息淨收入人民幣83.00億元，同比增加人民幣13.94億元，增幅20.19%。其

中，業務規模擴大促進利息淨收入增加人民幣25.91億元，收益率或成本率變動導致利息淨收入減

少人民幣11.97億元。

14 2016年度報告

第五章 管理層討論和分析（續）

下表載列所示期間，本行生息資產和付息負債的平均餘額、該等資產和負債的利息收入及支出以及

生息資產平均收益率及付息負債平均成本率。

截至12月31日止年度

2016年 2015年

平均餘額(6) 利息收入 平均收益率 平均餘額(6) 利息收入 平均收益率

(%) (%)

（除另有註明外，以人民幣百萬元列示）

生息資產

發放貸款 104,144 6,176 5.93 86,791 6,163 7.10

投資證券與其他金融資產(1) 153,949 7,822 5.08 96,010 5,764 6.00

存放中央銀行款項 27,118 417 1.54 25,627 397 1.55

應收同業及

其他金融機構款項(2) 21,670 522 2.41 12,631 340 2.69

應收融資租賃款 2,013 120 5.96 – – –

總生息資產 308,894 15,057 4.87 221,059 12,664 5.73

付息負債

吸收存款 189,885 3,590 1.89 145,677 3,196 2.19

應付同業及

其他金融機構款項(3) 61,464 1,892 3.08 43,532 1,814 4.17

已發行債券 36,161 1,274 3.52 17,622 748 4.24

向中央銀行借款 31 0.55 1.77 – – 不適用

總付息負債 287,541 6,757 2.35 206,831 5,758 2.78

利息淨收入 8,300 – 6,906 –

淨利差(4) 2.52 2.95

淨利息收益率(5) 2.69 3.12

附註：

(1) 包括以公允價值計量且其變動計入當期損益的金融資產、可供出售金融資產、持有至到期投資及應收款項類投資。

(2) 包括存放同業及其他金融機構款項、拆出資金及買入返售金融資產。

(3) 包括同業及其他金融機構存放款項、拆入資金及賣出回購金融資產款。

(4) 按生息資產總額的平均收益率與付息負債總額的平均成本率之間的差額計算，基於每日平均生息資產及付息負債計

算。

(5) 按利息淨收入除以生息資產平均餘額計算，基於每日平均生息資產計算。

(6) 按結餘平均值計算。

15鄭州銀行股份有限公司

第五章 管理層討論和分析（續）

下表載列於所示期間，本行由於規模和利率變動導致利息收入和利息支出變動的情況。規模變化以

生息資產和付息負債的平均餘額變動衡量，而利率變動則以生息資產和付息負債的平均利率變動衡

量。規模和利率變動的共同影響被計入利息變動中。

截至12月31日止年度

2016年對比2015年

增加╱（減少）由於 淨增加╱

（減少）(3)規模(1) 利率(2)

（以人民幣百萬元列示）

生息資產

發放貸款 1,232 (1,219) 13

投資證券與其他金融資產 3,478 (1,420) 2,058

存放中央銀行款項 23 (3) 20

應收同業及其他金融機構款項 243 (61) 182

應收融資租賃款項 120 – 120

利息收入變化 5,096 (2,703) 2,393

付息負債

吸收存款 970 (576) 394

應付同業及其他金融機構款項 747 (669) 78

已發行債券 787 (261) 526

向中央銀行借款 1 – 1

利息支出變化 2,505 (1,506) 999

附註：

(1) 代表本報告期平均餘額扣除上個期間平均餘額乘以上個期間平均收益率╱成本率。

(2) 代表本報告期平均收益╱成本扣除上個期間平均收益╱成本乘以本報告期平均餘額。

(3) 代表本報告期利息收入╱支出扣除上個期間利息收入╱支出。

16 2016年度報告

第五章 管理層討論和分析（續）

3.2 利息收入

2016年，本行實現利息收入人民幣150.57億元，同比增加人民幣23.93億元，增幅18.90%。主要

是由於(i)投資證券及其他金融資產規模增加、(ii)應收同業及其他金融機構款項規模增加、(iii)發放

貸款規模增加。

3.2.1 發放貸款利息收入

2016年，本行發放貸款利息收入人民幣61.76億元，同比增加人民幣0.13億元，增幅

0.21%。主要是由於發放貸款的平均餘額增加所致。本行緊密圍繞「商貿金融」、「小微金融」

和「市民金融」三大特色定位，加大貸款營銷力度，從而在經濟下行、有效需求下降的情況

下，仍推動了貸款業務的整體增長。

下表載列於所示期間，本行發放貸款各組成部分的平均餘額、利息收入以及平均收益率情

況。

2016年 2015年

平均餘額 利息收入 平均收益率 平均餘額 利息收入 平均收益率

(%) (%)

（除另有註明外，以人民幣百萬元列示）

公司貸款 73,995 4,561 6.16 59,117 4,281 7.24

個人貸款 22,979 1,398 6.08 22,698 1,639 7.22

貼現票據 7,170 217 3.03 4,976 243 4.88

發放貸款總額 104,144 6,176 5.93 86,791 6,163 7.10

17鄭州銀行股份有限公司

第五章 管理層討論和分析（續）

3.2.2 投資證券及其他金融資產利息收入

2016年，本行投資證券及其他金融資產利息收入人民幣78.22億元，同比增加人民幣20.58

億元，增幅35.70%，主要由於投資證券及其他金融資產的平均餘額增加所致。投資證券及

其他金融資產的平均餘額上升主要由於本行增持收益率較高的信託計劃項下投資產品及證券

公司管理的投資產品，而平均收益率的下降則是由於市場利率波動所致。

3.2.3 存放中央銀行款項利息收入

2016年，本行存放中央銀行款項利息收入人民幣4.17億元，同比增加人民幣0.20億元，增幅

5.04%，主要是因為存放中央銀行款項的平均餘額逐年增加，其中主要是法定存款準備金隨

著吸收存款增長而增加所致。

3.2.4 應收同業及其他金融機構款項利息收入

2016年，本行應收同業及其他金融機構款項的利息收入人民幣5.22億元，同比增加人民幣

1.82億元，增幅53.53%。主要是由於平均餘額增加及平均收益率下降所致。該等資產的平

均餘額增加主要因為應收同業及其他金融機構款項增加，平均收益率變化主要是由於市場利

率下降所致。

3.2.5 應收融資租賃款利息收入

2016年，本行應收融資租賃款的利息收入人民幣1.20億元，同比增加人民幣1.20億元，增幅

100.00%。主要是由於本行於2016年3月23日發起設立子公司九鼎金融租賃公司所致。

3.3 利息支出

2016年，本行利息支出人民幣67.57億元，同比增加人民幣9.99億元，增幅17.35%。主要由於(i)

吸收存款規模增加、(ii)應付同業及其他金融機構款項規模增加、(iii)已發行債券規模增加。

18 2016年度報告

第五章 管理層討論和分析（續）

3.3.1 吸收存款利息支出

2016年，本行吸收存款利息支出人民幣35.90億元，同比增加人民幣3.94億元，增幅

12.33%，主要是由於本行的存款業務持續增長，以及定期存款的比重提高。吸收存款總額

平均餘額的上升主要反映了本行的整體業務增長以及本行的分支行網絡擴大，而吸收存款平

均成本率的下降主要是市場利率下降所致。

截至12月31日止年度

2016年 2015年

平均餘額 利息支出 平均成本率 平均餘額 利息支出 平均成本率

(%) (%)

（除另有註明外，以人民幣百萬元列示）

公司存款

活期 65,459 336 0.51 51,137 277 0.54

定期 46,185 1,900 4.11 29,264 1,225 4.19

小計 111,644 2,236 2.00 80,401 1,502 1.87

個人存款

活期 12,863 52 0.40 10,750 47 0.44

定期 40,825 939 2.30 31,239 1,149 3.68

小計 53,688 991 1.85 41,989 1,196 2.85

其他 24,553 363 1.48 23,287 498 2.14

吸收存款總額 189,885 3,590 1.89 145,677 3,196 2.19

19鄭州銀行股份有限公司

第五章 管理層討論和分析（續）

3.3.2 應付同業及其他金融機構款項利息支出

2016年，本行實現應付同業及其他金融機構款項利息支出人民幣18.92億元，同比增加人民

幣0.78億元，增幅4.30%。主要是由於應付同業及其他金融機構款項平均餘額增加及平均成

本率下降所致。應付同業及其他金融機構款項平均餘額的上升主要反映了本行綜合考慮資產

負債匹配需求，增加同業負債，而平均成本率的下降主要由於市場利率下降所致。

3.3.3 已發行債券利息支出

2016年，本行已發行債券利息支出人民幣12.74億元，同比增加人民幣5.26億元，增幅

70.32%。主要是由於已發行債券平均餘額增加及平均成本率下降所致。已發行債券平均

餘額的上升主要是2016年度發行的二級資本債券和同業存單，令已發行債券的平均餘額由

2015年的人民幣176.22億元增加至2016年度的人民幣361.61億元，而平均成本率的下降主

要由於市場利率下降所致。

3.3.4 淨利差及淨收益率

本行的淨利差由上年的2.95%下降至本年的2.52%。而本行淨利息收益率由上年的3.12%

下降至本年的2.69%。淨利差及淨利息收益率下降的主要原因是：(i)投資證券及其他金融資

產、發放貸款的平均收益率下降；(ii)收益率較高的客戶貸款佔總資產的百分比下降；及(iii)

付息率較高的應付同業與其他金融機構款項以及已發行債券佔總負債的百分比上升。

20 2016年度報告

第五章 管理層討論和分析（續）

3.4 非利息收入

3.4.1 手續費及佣金淨收入

2016年，本行實現手續費及佣金淨收入人民幣12.15億元，同比增長人民幣5.02億元，增幅

70.41%，主要是由於代理及託管業務和承銷及諮詢手續費增加所致，反映本行手續費及佣

金類業務的整體增長。

截至12月31日止年度

2016年 2015年 變動金額 變動率

(%)

（除另有註明外，以人民幣百萬元列示）

手續費及佣金收入

代理及託管業務手續費 540 332 208 62.65

承銷及諮詢手續費 374 194 180 92.78

承兌及擔保業務手續費 117 136 (19) (13.97)

銀行卡手續費 49 33 16 48.48

其他 180 50 130 260.00

小計 1,260 745 515 69.13

手續費及佣金支出 (45) (32) (13) 40.63

手續費及佣金淨收入 1,215 713 502 70.41

2016年，本行實現代理及託管業務手續費收入人民幣5.40億元，同比增加人民幣2.08億元，

增幅62.65%。主要由於本行持續發展代理及託管業務，提供的代理及託管服務規模增加。

21鄭州銀行股份有限公司

第五章 管理層討論和分析（續）

2016年，本行實現證券承銷及諮詢業務手續費收入人民幣3.74億元，同比增加人民幣1.80億

元，增幅92.78%。主要提供的諮詢服務規模及承銷的債券增加所致。

2016年，本行實現承兌及擔保手續費收入人民幣1.17億元，同比減少人民幣0.19億元。

2016年，本行實現銀行卡手續費收入人民幣0.49億元，同比增加人民幣0.16億元，增幅

48.48%。主要是由於本行發行的銀行卡數目及使用本行銀行卡的交易金額增長所致。

其他手續費及佣金收入實現人民幣1.80億元，同比增加人民幣1.30億元，增幅260.00%。

3.4.2 交易淨收益

2016年，本行交易淨收益為人民幣0.79億元，同比減少人民幣0.48億元，主要是由於本行投

資的債券市價下降所致。

3.4.3 投資淨收益

2016年，本行投資淨收益為人民幣2.08億元，同比增加人民幣1.81億元，增幅670.37%，

主要是由於優化投資組合及債券交易規模增大所致。

3.4.4 其他營業收入

2016年，本行其他營業收入為人民幣1.79億元，同比增加人民幣0.91億元，增幅103.41%。

22 2016年度報告

第五章 管理層討論和分析（續）

3.5 營業費用

2016年，本行營業費用為人民幣24.35億元，同比增加人民幣1.83億元，增幅8.13%，主要是由於

人工成本增加所致。

截至12月31日止年度

2016年 2015年 變動金額 變動率

(%)

（除另有註明外，以人民幣百萬元列示）

人工成本 1,194 949 245 25.82

折舊及攤銷 213 157 56 35.67

租金及物業管理支出 176 145 31 21.38

辦公費 77 78 (1) (1.28)

稅金及附加 212 424 (212) (50.00)

其他一般及行政費用 563 499 64 12.83

營業費用總額 2,435 2,252 183 8.13

下表載列於所示期間本行人工成本的主要組成部份。

截至12月31日止年度

2016年 2015年 變動金額 變動率

(%)

（除另有註明外，以人民幣百萬元列示）

人工成本

薪金、獎金和員工津貼 801 614 187 30.46

社會保險費及企業年金 161 129 32 24.81

職工福利 145 115 30 26.09

住房公積金 47 38 9 23.68

補充退休福利 7 7 – –

其他 33 46 (13) (28.26)

總人工成本 1,194 949 245 25.82

23鄭州銀行股份有限公司

第五章 管理層討論和分析（續）

2016年本行人工成本人民幣11.94億元，同比增加人民幣2.45億元，增幅25.82%。主要是由於薪

金、獎金和員工津貼增加所致。人工成本是本行營業費用的最大組成部份，分別佔2016年及2015

年營業費用總額的49.03%及42.14%。

2016年折舊與攤銷支出人民幣2.13億元，同比增加人民幣0.56億元，增幅35.67%。主要是由於需

計提折舊與攤銷的固定資產及無形資產因分支行網絡擴張及信息技術系統升級而增加所致。

2016年租金及物業管理支出人民幣1.76億元，同比增加人民幣0.31億元，增幅21.38%。主要是由

於分支行網絡擴張所致。

2016年辦公費支出人民幣0.77億元，同比減少人民幣0.01億元，降幅1.28%。主要是由於本行致

力減少營業費用所致。

2016年本行稅金及附加人民幣2.12億元，同比減少人民幣2.12億元，降幅50.00%。主要是由於根

據財稅[2016]36號文件規定自2016年5月1日起，在全國範圍內全面推開營業稅改徵增值稅的試點

工作，本行相應由繳納營業稅變更為繳納增值稅所致。

2016年其他一般及行政費用人民幣5.63億元，同比增加人民幣0.64億元，增幅12.83%。其他一般

及行政支出主要包括營銷費用、廣告費用、差旅費用及若干其他費用。

24 2016年度報告

第五章 管理層討論和分析（續）

3.6 減值損失

2016年，本行減值損失為人民幣23.46億元，同比增加人民幣10.48億元，增幅80.74%，主要由於

發放貸款以及應收款項類投資減值損失計提增加所致。

截至12月31日止年度

2016年 2015年 變動金額 變動率

(%)

（除另有註明外，以人民幣百萬元列示）

發放貸款 1,972 1,125 847 75.29

應收款項類投資 285 130 155 119.23

應收融資租賃款項 58 – 58 不適用

其他 31 43 (12) (27.91)

資產減值損失計提總額 2,346 1,298 1,048 80.74

3.7 所得稅費用

2016年，本行所得稅為人民幣12.12億元，同比增加人民幣2.06億元，增幅20.48%，主要是由於

本行的稅前利潤增加所致。

截至12月31日止年度

2016年 2015年 變動金額 變動率

(%)

（除另有註明外，以人民幣百萬元列示）

本期所得稅 1,587 1,252 335 26.76

遞延所得稅 (379) (244) (135) 55.33

以前年度所得稅調整 4 (2) 6 (300.00)

所得稅費用總額 1,212 1,006 206 20.48

25鄭州銀行股份有限公司

第五章 管理層討論和分析（續）

4 財務狀況主要項目分析

4.1 資產

截至2016年12月31日，本行資產總額為人民幣3,661.48億元，較上年末增加人民幣1,005.25億

元，增幅37.84%。本行資產的主要組成部分為(i)發放貸款（淨額）及(ii)投資證券與其他金融資產，

較上年末分別增加人民幣160.29億元和人民幣699.29億元。

下表列示於所示日期本行總資產的各組成部分。

截至2016年12月31日 截至2015年12月31日

金額

佔總額

百分比 金額

佔總額

百分比

(%) (%)

（除另有註明外，以人民幣百萬元列示）

發放貸款總額 111,092 94,294

減值損失準備 (3,459) (2,690)

發放貸款（淨額） 107,633 29.40 91,604 34.49

投資證券與其他金融資產 183,144 50.02 113,215 42.62

現金及存放中央銀行款項 42,586 11.63 33,008 12.43

存放同業與其他金融機構款項 1,415 0.39 7,679 2.89

拆出資金 11,758 3.20 5,520 2.08

買入返售金融資產 5,120 1.40 9,716 3.66

應收融資租賃款項 5,721 1.56 – –

其他資產 8,771 2.40 4,881 1.83

總資產 366,148 100.00 265,623 100.00

26 2016年度報告

第五章 管理層討論和分析（續）

4.1.1 發放貸款

截至2016年12月31日，本行發放貸款總額為人民幣1,110.92億元，較上年末增加人民幣

167.98億元，增幅17.81%。本行的發放貸款主要由公司貸款、個人貸款及貼現票據構成。

下表列示於所示日期本行按業務類型劃分的貸款分佈情況。

截至2016年12月31日 截至2015年12月31日

金額

佔總額

百分比 金額

佔總額

百分比

(%) (%)

（除另有註明外，以人民幣百萬元列示）

公司貸款 81,255 73.14 67,009 71.07

個人貸款 24,815 22.34 22,842 24.22

貼現票據 5,022 4.52 4,443 4.71

發放貸款總額 111,092 100.00 94,294 100.00

27鄭州銀行股份有限公司

第五章 管理層討論和分析（續）

(1) 公司貸款

公司貸款構成本行貸款組合的最大組成部分。截至2016年12月31日，本行公司貸款

為人民幣812.55億元，佔本行發放貸款總額的73.14%，較上年末增加人民幣142.46

億元，增幅21.26%，主要由於(i)本行持續致力於滿足快速發展的批發零售業資金需求

及發展小微企業貸款業務；(ii)本行不斷增強與各類企業中的核心優質客戶的業務合作

使相關貸款餘額持續增長。

下表列示於所示日期本行按抵押方式類別劃分的公司貸款明細。

截至2016年12月31日 截至2015年12月31日

貸款金額

佔總額

百分比 貸款金額

佔總額

百分比

(%) (%)

（除另有註明外，以人民幣百萬元列示）

信用貸款 6,455 7.95 783 1.17

保證貸款 33,424 41.13 32,212 48.07

抵押貸款 20,198 24.86 18,510 27.62

質押貸款 21,178 26.06 15,504 23.14

公司貸款總額 81,255 100.00 67,009 100.00

28 2016年度報告

第五章 管理層討論和分析（續）

(2) 個人貸款

截至2016年12月31日，本行個人貸款為人民幣248.15億元，較上年末增加人民幣

19.73億元，增幅8.64%。本行個人貸款持續增長，主要來自本行個人住房按揭、消

費及信用卡餘額的增長。截至2016年12月31日，個人住房按揭貸款較上年末有所增

加，幅度為17.74%，主要因鄭州國家中心城市等各項規劃建設的持續推進，帶動了

個人住房需求的增長。個人消費貸款及信用卡餘額均較上年末有所增加，增幅分別為

30.51%及71.60%，主要由於本行加大消費貸款產品創新及大力發展信用卡業務所

致。

下表列示於所示日期本行按產品類別劃分的個人貸款明細。

截至2016年12月31日 截至2015年12月31日

金額

佔總額

百分比 金額

佔總額

百分比

(%) (%)

（除另有註明外，以人民幣百萬元列示）

個人經營性貸款 11,750 47.35 12,025 52.65

個人住房按揭貸款 6,862 27.65 5,828 25.51

個人消費貸款 4,842 19.51 3,710 16.24

購車貸款 491 1.98 772 3.38

信用卡餘額 870 3.51 507 2.22

个人貸款總額 24,815 100.00 22,842 100.00

(3) 貼現票據

截至2016年12月31日，本行貼現票據為人民幣50.22億元，比上年末增加人民幣5.79

億元，增幅13.03%。2016年本行根據業務發展需要以及客戶融資需求狀況，靈活調

節票據融資規模。

29鄭州銀行股份有限公司

第五章 管理層討論和分析（續）

4.1.2 投資證券與其他金融資產

截至2016年12月31日，本行投資證券與其他金融資產總額為人民幣1,831.44億元，較上年

末增加人民幣699.29億元，增幅61.77%。2016年本行該類資產增加主要是由於本行持有的

信託計劃項下投資產品、金融債投資及證券公司管理的投資產品增加，反映了本行持續致力

於豐富投資組合，擴大收入來源。

下表載列於所示日期本行按投資意圖劃分的投資證券與其他金融資產分佈情況。

截至2016年12月31日 截至2015年12月31日

金額

佔總額

百分比 金額

佔總額

百分比

(%) (%)

（除另有註明外，以人民幣百萬元列示）

應收款項類投資 118,225 64.55 65,106 57.51

持有至到期投資 49,671 27.12 23,902 21.11

可供出售金融資產 6,302 3.44 11,206 9.90

以公允價值計量

且其變動計入當期損益的金融資產 8,946 4.89 13,001 11.48

投資證券與其他金融資產總額 183,144 100.00 113,215 100.00

本行將投資證券與其他金融資產分類為固定收益證券及權益工具。於報告期間，本行持有的

投資證券與其他金融資產幾乎全部為固定收益證券。下表列示於所示日期本行以固定收益證

券和權益工具投資劃分的投資證券與其他金融資產分佈情況。

30 2016年度報告

第五章 管理層討論和分析（續）

截至2016年12月31日 截至2015年12月31日

金額

佔總額

百分比 金額

佔總額

百分比

(%) (%)

（除另有註明外，以人民幣百萬元列示）

政府債券 14,783 8.05 11,982 10.56

政策性銀行債券 32,869 17.90 21,228 18.71

銀行及其他金融機構發行的債券 6,917 3.76 3,048 2.69

公司發行人發行的債券 4,974 2.71 7,483 6.60

小計 59,543 32.42 43,741 38.56

信託計劃項下投資產品 52,795 28.75 29,146 25.69

證券公司管理的投資產品 45,080 24.54 31,329 27.62

其他 26,238 14.29 9,226 8.13

總計 183,656 100.00 113,442 100.00

減：減值準備 (520) (235)

固定收益證券合計 183,136 113,207

權益工具 8 8

投資證券與其他金融資產總額 183,144 113,215

截至2016年12月31日，本行固定收益證券淨額為人民幣1,831.36億元，較上年末增加人民

幣699.29億元，增幅61.77%。本行持有的固定收益證券的持續增長主要來自於本行持有的

金融債、信託計劃項下投資產品及證券公司管理的投資產品增加所致。

31鄭州銀行股份有限公司

第五章 管理層討論和分析（續）

4.1.3 本行資產的其他組成部分

本行資產的其他組成部分主要包括：(i)現金及存放中央銀行款項、(ii)拆出資金及(iii)應收融資

租賃款。

2016年12月31日，現金及存放中央銀行款項總額為人民幣425.86億元，較上年末增加人民

幣95.78億元，增幅29.02%，主要由於存款規模增加，增加了存放央行的存款準備金。

2016年12月31日，拆出資金總額為人民幣117.58億元，較上年末增加人民幣62.38元，增幅

113.01%，主要由於本行致力於通過優化資產結構而實現整體資產收益最大化。

2016年12月31日，應收融資租賃款淨額為人民幣57.21億元，較上年末增加人民幣57.21億

元。該等資產的變動主要由於本行於2016年3月23日發起設立子公司九鼎金融租賃公司所

致。

4.2 負債

截至2016年12月31日，本行負債總額為人民幣3,442.87億元，較上年末增加人民幣964.88億元，

增幅38.94%。

截至2016年12月31日 截至2015年12月31日

金額

佔總額

百分比 金額

佔總額

百分比

(%) (%)

（除另有註明外，以人民幣百萬元列示）

向中央銀行借款 77 0.02 – –

吸收存款 216,390 62.85 169,195 68.28

同業與其他金融機構存放款項 25,808 7.50 21,453 8.66

拆入資金 19,106 5.55 5,820 2.35

賣出回購金融資產款 33,251 9.66 19,603 7.91

已發行債券 44,660 12.97 27,039 10.91

其他負債(1) 4,995 1.45 4,689 1.89

負債總額 344,287 100.00 247,799 100.00

附註：

(1) 包括應付利息、代收代付款項、應繳稅款、應付職工薪酬、久懸未取款項、應付股息、預計負債、以及若干其他負債。

32 2016年度報告

第五章 管理層討論和分析（續）

4.2.1 吸收存款

截至2016年12月31日，本行吸收存款總額為人民幣2,163.90億元，較上年末增加人民幣

471.95億元，增幅27.89%，本行的吸收存款不斷增加，主要是由於本行持續拓寬存款客戶

及分支行網絡擴張帶來的整體業務增長。

下表列示所示日期本行按產品類別及存款到期期限劃分的吸收存款。

截至2016年12月31日 截至2015年12月31日

金額

佔總額

百分比 金額

佔總額

百分比

(%) (%)

（除另有註明外，以人民幣百萬元列示）

公司存款

活期 77,197 35.67 62,771 37.10

定期 54,783 25.32 34,241 20.24

小計 131,980 60.99 97,012 57.34

個人存款

活期 16,178 7.48 12,976 7.67

定期 44,647 20.63 34,106 20.16

小計 60,825 28.11 47,082 27.83

其他存款 23,585 10.90 25,101 14.83

總計 216,390 100.00 169,195 100.00

4.2.2 同業及其他金融機構存放款項

截至2016年12月31日，本行同業及其他金融機構存放款項餘額為人民幣258.08億元，較上

年末增加人民幣43.55億元，增幅20.30%，主要反映本行持續拓寬同業資金來源以滿足資金

需求變動。

33鄭州銀行股份有限公司

第五章 管理層討論和分析（續）

4.2.3 拆入資金

截至2016年12月31日，本行拆入資金餘額為人民幣191.06億元，較上年末增加人民幣

132.86億元，增幅228.28%，拆入資金的變動主要反映本行持續拓寬同業資金來源以滿足流

動資金需求變動。

4.2.4 賣出回購金融資產款

截至2016年12月31日，本行賣出回購金融資產款為人民幣332.51億元，較上年末增加人民

幣136.48億元，增幅69.62%。本行賣出回購金融資產款的變動反映本行綜合考慮資產負債

匹配的需求，根據市場流動性及本行資金需要，調整賣出回購款項在負債中的比重。

4.3 股東權益

截至2016年12月31日，本行股東權益總額為人民幣218.61億元，較上年末增加人民幣40.37億

元，增幅22.65%；截至2016年12月31日歸屬於母公司股東的權益總額為人民幣212.96億元，較

上年末增加人民幣35.01億元，增幅19.67%。股東權益的增加主要是由於本行盈利增加所致。

截至2016年12月31日 截至2015年12月31日

金額

佔總額

百分比 金額

佔總額

百分比

(%) (%)

（除另有註明外，以人民幣百萬元列示）

股本 5,322 24.35 5,142 28.85

資本公積 3,053 13.97 2,662 14.93

盈餘公積 1,633 7.47 1,238 6.95

一般準備 4,528 20.71 3,163 17.75

投資重估準備 3 0.01 11 0.06

設定受益計劃重估儲備 (52) (0.24) (55) (0.31)

未分配利潤 6,809 31.15 5,634 31.61

歸屬本行股東權益合計 21,296 97.42 17,795 99.84

非控制性權益 565 2.58 29 0.16

股東權益合計 21,861 100.00 17,824 100.00

34 2016年度報告

第五章 管理層討論和分析（續）

5 資產負債表外承諾

下表列示截至所示日期本行的資產負債表外信貸承諾金額。

截至

2016年12月31日

截至

2015年12月31日

（人民幣百萬元） （人民幣百萬元）

信貸承諾：

承兌票據 58,123 41,389

已發行信用證 2,984 2,295

保函 1,171 1,035

未使用的信用卡額度 1,006 463

總計 63,284 45,182

此外，於2016年12月31日，並無以本行或本行子公司作為被告的重大訴訟案件。至本行業績公告日，本

行並無重大或有負債。有關資產負債表外承諾詳見本年度報告財務報告附註「承擔及或有負債」。

6 貸款質量分析

報告期內，本行不斷加強信用風險管理，完善信貸業務調查、信貸審批的相關環節，強化貸後管理措

施，加大不良貸款清收處置力度，貸款質量總體保持在可控水平。但受外部經營環境變化，經濟增長放

緩及中小企業經營困難、貸款違約增加等因素影響，本行不良貸款面臨上升壓力。

截至2016年12月31日，不良貸款餘額為人民幣14.57億元，不良貸款率為1.31%，較上年末上升21基點。

35鄭州銀行股份有限公司

第五章 管理層討論和分析（續）

6.1 按貸款五級分類劃分的貸款分佈情況

下表列示截至所示日期本行按五級貸款分類劃分的發放貸款。

截至2016年12月31日 截至2015年12月31日

金額

佔總額

百分比 金額

佔總額

百分比

(%) (%)

（除另有註明外，以人民幣百萬元列示）

正常類 106,383 95.76 91,079 96.59

關注類 3,252 2.93 2,175 2.31

次級類 1,041 0.94 869 0.92

可疑類 415 0.37 171 0.18

損失類 1 – – –

發放貸款總額 111,092 100.00 94,294 100.00

不良貸款及不良貸款率(1) 1,457 1.31 1,040 1.10

附註：

(1) 不良貸款率以不良貸款除以發放貸款總額計算。

根據五級貸款分類體系，本行的不良貸款分類為次級類、可疑類及損失類。

36 2016年度報告

第五章 管理層討論和分析（續）

6.2 按產品類型劃分的貸款及不良貸款情況

下表列示截至所示日期按產品類型劃分的貸款及不良貸款情況。

截至2016年12月31日 截至2015年12月31日

貸款金額 佔總額 不良貸款 不良貸款 貸款金額 佔總額 不良貸款 不良貸款

百分比 金額 比率 百分比 金額 比率

(%) (%) (%) (%)

（除另有註明外，以人民幣百萬元列示）

公司貸款

短期貸款 53,609 48.25 956 1.78 48,225 51.15 815 1.69

中長期貸款 27,646 24.89 260 0.94 18,784 19.92 175 0.93

貼現票據 5,022 4.52 – – 4,443 4.71 – –

小計 86,277 77.66 1,216 1.41 71,452 75.78 990 1.39

個人貸款

個人經營性貸款 11,750 10.58 196 1.67 12,025 12.75 38 0.32

個人住房按揭貸款 6,862 6.18 3 0.04 5,828 6.18 2 0.03

個人消費貸款 4,842 4.36 39 0.81 3,710 3.93 9 0.24

購車貸款 491 0.44 – – 772 0.82 – –

信用卡餘額 870 0.78 3 0.34 507 0.54 1 0.20

小計 24,815 22.34 241 0.97 22,842 24.22 50 0.22

總計 111,092 100.00 1,457 1.31 94,294 100.00 1,040 1.10

2016年，本行積極響應國家政策，加強貸款結構調整，繼續大力發展小額信貸業務（小企業法人貸

款及個人貸款）。報告期末，公司貸款和個人貸款不良率分別上升至1.41%和0.97%，主要受經濟

持續下行影響，公司貸款和個人經營性貸款不良上升較快，企業經營普遍存在產能嚴重過剩、去庫

存壓力較大、銷售量價齊跌等負面因素，導致企業經營持續困難，但本行貸款風險總體可控。

37鄭州銀行股份有限公司

第五章 管理層討論和分析（續）

6.3 按行業劃分的貸款及不良貸款情況

下表列示截至所示日期按行業劃分的貸款及不良貸款情況。

截至2016年12月31日 截至2015年12月31日

貸款金額 佔總額 不良貸款 不良貸款 貸款金額 佔總額 不良貸款 不良貸款

百分比 金額 比率 百分比 金額 比率

(%) (%) (%) (%)

（除另有註明外，以人民幣百萬元列示）

批發和零售業 29,898 26.91 373 1.25 23,618 25.05 365 1.55

製造業 13,055 11.75 688 5.27 14,101 14.95 493 3.50

建築業 10,687 9.62 35 0.33 7,279 7.72 111 1.52

房地產業 8,737 7.87 – – 7,349 7.79 – –

租賃和商務服務業 4,092 3.68 4 0.10 1,412 1.50 3 0.21

農、林、牧、漁業 3,620 3.26 88 2.43 3,866 4.10 3 0.08

水利、環境和公共設施管理 2,088 1.88 – – 1,331 1.41 – –

採礦業 1,509 1.36 – – 1,849 1.96 – –

電力、熱力、燃氣及

水生產和供應業 1,391 1.25 – – 941 1.00 – –

交通運輸、倉儲和郵政服務業 1,361 1.23 6 0.44 1,133 1.20 10 0.88

住宿和餐飲業 1,082 0.97 – – 1,231 1.31 2 0.16

公共管理、社會保障和

社會組織 914 0.82 – – 1,260 1.34 – –

文化、體育和娛樂業 210 0.19 – – 435 0.46 3 0.69

其他 2,611 2.35 22 0.84 1,204 1.28 – –

公司貸款總額 81,255 73.14 1,216 1.50 67,009 71.07 990 1.48

個人貸款總額 24,815 22.34 241 0.97 22,842 24.22 50 0.22

票據貼現 5,022 4.52 – – 4,443 4.71 – –

總計 111,092 100.00 1,457 1.31 94,294 100.00 1,040 1.10

截至2016年12月31日，本行公司貸款的不良貸款主要集中在製造業、農、林、牧、漁業和批發零

售業，不良貸款率分別為5.27%、2.43%、1.25%。

38 2016年度報告

第五章 管理層討論和分析（續）

6.4 按擔保方式劃分的貸款及不良貸款情況

下表列示截至所示日期按擔保方式劃分的貸款及不良貸款情況。

截至2016年12月31日 截至2015年12月31日

貸款金額 佔總額 不良貸款 不良貸款 貸款金額 佔總額 不良貸款 不良貸款

百分比 金額 比率 百分比 金額 比率

(%) (%) (%) (%)

（人民幣百萬元，百分比除外）

信用貸款 7,660 6.90 3 0.04 1,316 1.40 1 0.08

保證貸款 42,790 38.52 1,178 2.75 39,179 41.55 868 2.22

抵押貸款 33,254 29.93 253 0.76 30,194 32.02 167 0.55

質押貸款 27,388 24.65 23 0.08 23,605 25.03 4 0.02

總計 111,092 100.00 1,457 1.31 94,294 100.00 1,040 1.10

39鄭州銀行股份有限公司

第五章 管理層討論和分析（續）

6.5 借款人集中度

截至2016年12月31日，本行對任何單一借款人的貸款餘額均未超過本行資本淨額的10%。下表列

示截至2016年12月31日本行十大單一借款人（不包括集團借款人）的貸款餘額，概無不良貸款。

截至2016年12月31日

行業 貸款餘額

佔貸款總額

百分比

佔資本淨額

百分比

(%) (%)

（除另有註明外，以人民幣百萬元列示）

借款人A 租賃和

商務服務業

1,000 0.90 3.51

借款人B 建築業 797 0.72 2.80

借款人C 房地產業 780 0.70 2.74

借款人D 金融業 700 0.63 2.46

借款人E 製造業 600 0.54 2.11

借款人F 房地產業 581 0.52 2.04

借款人G 建築業 572 0.51 2.01

借款人H 房地產業 534 0.48 1.88

借款人I 公共管理、社會保障

和社會組織

500 0.45 1.76

借款人J 租賃和商務服務業 500 0.45 1.76

借款人K 租賃和商務服務業 500 0.45 1.76

總計 7,064 6.35 24.83

40 2016年度報告

第五章 管理層討論和分析（續）

6.6 貸款逾期情況

下表列示截至所示日期本行發放貸款按期限劃分的分佈情況。

截至2016年12月31日 截至2015年12月31日

金額 佔總額百分比 金額 佔總額百分比

(%) (%)

（除另有註明外，以人民幣百萬元列示）

即期貸款 105,989 95.41 91,401 96.93

貸款逾期(1)：

1至90天 3,218 2.90 1,748 1.86

91天至360天 1,536 1.38 840 0.89

361天或以上 349 0.31 305 0.32

小計 5,103 4.59 2,893 3.07

貸款總額 111,092 100.00 94,294 100.00

截至2016年12月31日，逾期貸款總額為人民幣51.03億元，較上年末增加人民幣22.10億元；逾期

貸款佔貸款總額的比例為4.59%，較上年末增加1.52%。逾期貸款增加主要由於經濟持續下行，

企業經營普遍存在產能嚴重過剩、去庫存壓力較大、銷售量價齊跌等負面因素，導致企業經營持續

困難，流動資金緊張出現本金逾期或欠息。本行將持續加強風險預警和監測，加快推動風險化解工

作。

附註：

(1) 指本金或利息逾期的貸款本金額。

41鄭州銀行股份有限公司

第五章 管理層討論和分析（續）

7 業務經營分部報告

下表列示截至所示期間本行各業務分部的營業收入總額。

截至2016年12月31日 截至2015年12月31日

金額

佔總額

百分比 金額

佔總額

百分比

(%) (%)

（除另有註明外，以人民幣百萬元列示）

公司銀行業務 3,895 39.03 3,406 43.33

零售銀行業務 1,035 10.37 1,306 16.61

資金業務 4,871 48.81 3,062 38.95

其他業務(1) 179 1.79 87 1.11

營業收入總額 9,980 100.00 7,861 100.00

附註：

(1) 該分部主要包括權益投資及相關收益以及不能構成單個報告分部的任何其他業務。

8 資本充足率分析

本行持續優化業務結構，加強資本管理，截至2016年12月31日，本行的資本充足率、一級資本充足率

及核心一級資本充足率分別為11.76%、8.80%、8.79%，較上年末分別下降44基點、129基點及130基

點，滿足中國銀監會關於《商業銀行資本管理辦法（試行）》過渡期內的監管要求。資本充足率的變化主要

是由於本行資產規模增加帶來的風險加權資產增加所致。

42 2016年度報告

第五章 管理層討論和分析（續）

本行按照銀監會的《商業銀行資本管理辦法（試行）》（新辦法）的資本充足率如下：

截至2016年

12月31日

截至2015年

12月31日

金額 金額

（除另有註明外，以人民幣百萬元列示）

核心一級資本

股本 5,322 5,142

資本公積可計入部分 3,004 2,618

盈餘公積 1,633 1,238

一般準備 4,528 3,163

未分配利潤 6,809 5,634

少數股東權益可計入部分 363 23

核心一級資本總額 21,659 17,818

核心一級資本調整項目 (384) (284)

核心一級資本淨額 21,275 17,534

其他一級資本 37 –

一級資本淨額 21,312 17,534

二級資本

可計入的已發行二級資本工具 5,000 2,000

超額貸款損失準備 2,080 1,649

二級資本調整項目 71 –

二級資本淨額 7,151 3,649

總資本淨額 28,463 21,183

風險加權資產總額 242,109 173,697

核心一級資本充足率 8.79% 10.09%

一級資本充足率 8.80% 10.09%

資本充足率 11.76% 12.20%

43鄭州銀行股份有限公司

第五章 管理層討論和分析（續）

9 業務運作

9.1 公司銀行業務

9.1.1 公司存貸款業務

公司存款

報告期內，面對持續下行的經濟壓力，本行緊跟宏觀經濟形勢及政策環境變化，多措並舉，

積極應對：通過貿易融資業務和投資銀行業務的拉動，進一步帶動了公司業務的轉型升級；

利用對公負債產品組合和創新，努力提升公司存款的綜合效益；同時通過商貿物流銀行戰略

的推動，不斷加快成果轉化；進一步加強與省市政府的合作，全面提升財政事業類存款的質

量。

報告期內，本行對公存款繼續快速穩定增長。截止2016年12月31日，對公存款餘額人民幣

1,555.63億元，佔各項存款餘額的71.89%，較上年增加人民幣334.50億元，增長27.39%。

同時，2016年本行積極開展與鄭州市公共資源交易中心、河南省社會保障事業管理局以及

河南省地稅局等機構的業務合作，進一步實現了對財政客戶的資金歸集管理，鞏固了客戶資

源，促進了公司客戶綜合貢獻度的提升。

公司貸款

本行公司貸款業務主要為公司類客戶、政府機關和金融機構提供多種金融產品和服務，包括

企業貸款、銀行承兌、貿易融資、信用證、外幣貸款等信貸服務。報告期內，本行公司貸款

以創新發展、防範風險為主線，從健全授信審批機制、優化獨立審批人制度、建立第一責任

人制度、加強集團客戶授信業務管理、啟用新標準化授信文本等方面，進一步加強信貸資產

管理力度。同時，為促進信貸結構調整，不斷加大產能過剩行業的退出，積極推進綠色信貸

體系建設。

報告期內，本行公司貸款總額為人民幣862.77億元，較上年末增加人民幣148.25億元，增幅

20.75%。除貼現票據外公司貸款總額為人民幣812.55億元，比上年末增加人民幣142.46億

元，增幅21.26%，佔貸款總額的73.14%。

44 2016年度報告

第五章 管理層討論和分析（續）

9.1.2 客戶管理及隊伍建設

客戶管理

本行2016年繼續深化客戶管理工作，提升對客戶的綜合金融服務能力，並借助客戶關係管理

系統，全面、統一、高效、分層、分行業地對客戶開展營銷工作，強化客戶的系統管理，使

客戶基礎進一步穩固，並有效提升了對客戶關係及客戶經理的管理效率。本行憑藉河南省內

的經營佈局和網點資源優勢，公司客戶數量呈現持續增長趨勢。

營銷隊伍建設

本行通過將推行公司客戶經理等級管理制度、推動客戶經理等級考核認定工作、不斷完善客

戶經理的績效考核和目標管理辦法、嚴格客戶經理業績考核、業務質量考核、道德品質考核

等方面相結合，對客戶經理實行動態管理，進一步優化客戶經理隊伍結構，調動客戶經理工

作積極性，建立起一支極具活力和服務意識、職業責任感強的專業公司客戶經理隊伍。通過

不斷完善公司客戶經理管理體制，促進了本行各項業務持續穩健發展。

9.2 小微企業貸款業務

2016年，本行秉承「高效、靈活、創新、專業」的服務宗旨，不斷實施理念、產品和服務創新，穩

步加大對小微企業的有效信貸投入，傾力推動小微企業做大做強。

報告期內，本行組建了專業化經營管理體系，總行層面設立小企業金融服務中心，在二級分行和支

行設立「異地小企業分中心」、「零售專營支行」、「小微支行」等專營機構，構建了由專營支行、小

微支行和異地分中心組成的小微業務專營組織體系。目前，小企業金融服務中心下轄16家零售專

營支行、12家小微支行、8家地市小企業金融服務分中心，專職小微客戶經理隊伍200餘人。截止

2016年12月31日，本行小微企業貸款餘額為人民幣590.24億元，較年初新增人民幣95.31億元，

小微企業貸款戶數19,675戶，同比增加3,267戶，順利完成「三個不低於」監管指標。

45鄭州銀行股份有限公司

第五章 管理層討論和分析（續）

報告期內，本行積極開展創新，一是創新推出鄭州銀行首張小微專屬卡－簡單派卡，專屬卡集貸款

申請、自助放款、自助還款、綜合查詢等多功能於一體的自動化電子渠道，有利於電子化數據化線

上審批模式的推廣，大大提高了零售客戶覆蓋面。二是專屬定制推出行業專屬產品「物流流量貸」、

「個人汽車短融貸款」和「科技貸」，截至2016年12月31日止，物流流量貸貸款餘額人民幣38.9萬

元，個人汽車短融貸款餘額人民幣1,276.6萬元。本行作為首批入選「科技貸」業務合作銀行，已於

2016年10月25日與河南省科技技術廳簽訂框架合作協定。三是創新推出大數據產品「稅聯貸」。

報告期內，本行進一步深化大數據、模型應用：一是提升對行內資料的挖掘、使用能力，開發、上

線人行徵信報告結構化數據解析系統，應用於風險自動預警。二是引入外部數據應用到營銷、風控

環節。一方面，借助POS（銷售終端）交易數據、物流數據、稅務數據進行精準營銷，開發新產品；

另一方面，與匯法網、明潤華創等公司對接獲取司法訴訟、行政處罰、工商股權、個人身份等信

息，應用到風控環節。三是持續加強風控模型建設，形成了申請、行為、反欺詐三大風險模型體

系，已開發申請模型33款、行為模型5款，建立了綜合考慮資金成本、運營成本、風險成本等因素

的定價模型。

報告期內，本行憑藉小微企業金融服務的優異表現，獲得人行鄭州中心支行「優秀檔」金融機構榮譽

稱號，「應收賬款質押貸款模式推廣應用」獲得人民銀行鄭州中心支行通報表彰，「保證保險貸款」參

選由《銀行家》雜誌社、中央電視台、中國社會科學院金融研究所、中央財經大學互聯網經濟研究院

共同主辦的「2016中國金融創新獎」並被授予「十佳金融產品創新獎」。

46 2016年度報告

第五章 管理層討論和分析（續）

9.3 個人銀行業務

9.3.1 個人存款

本行作為鄭州市本土金融機構，始終堅持「精品市民銀行」的特色定位，緊緊圍繞個人客戶這

一業務主線，不斷創新業務產品、完善服務體系、提升客戶價值、打造優質團隊，堅持交叉

營銷、消費金融、財富管理相結合，著力提升業務發展質量，提高與城市居民密切相關的金

融服務質量，持續推動個人存款業務發展。同時，本行積極應對利率市場化，根據市場和客

戶需求，不斷完善存款利率定價策略，提高存款自主定價和風險管理能力。截至2016年12

月31日，本行個人存款總額為人民幣608.27億元，較上年末增加人民幣137.45億元，增幅

為29.19%，個人存款總量、增量、市場份額均列區域同行前列。

9.3.2 個人貸款

報告期內，本行圍繞消費金融，以打造「精品市民銀行」、實現普惠金融為己任，立「簡單派」

金融品牌、推「場景消費」金融模式、搭「派生活+派信用」產品體系、建「樂活聯盟」共贏體，

最終實現享「全民樂活節」成果的目標。截止2016年12月31日，本行個人貸款總額為人民幣

248.15億元，較年初增加了人民幣19.73億元，增幅8.64%。

9.3.3 銀行卡

本行借記卡以「商鼎卡」為基礎卡種，2016年主要發行有「漯河市民卡」、誠通卡、浙商通

卡、「五嶽汽車之家」卡、方圓物流卡、商鼎中意卡等特色卡，新增發卡量穩步攀升。截止

2016年12月31日，本行累計發行借記卡399.04萬張，較上年末新增發卡112.98萬張。

本行自2014年10月發行首張商鼎信用卡，並於2016年8月發行商鼎系列聯名信用卡－豫車

卡。截止2016年12月31日，商鼎信用卡累計發卡量61,270張，其中「豫車卡」發卡量1,809

張，累計消費金額人民幣99.01億元（其中2016年消費金額人民幣69.93億元），累計實現業

務收入人民幣0.47億元（其中2016年實現業務收入人民幣0.34億元）。

47鄭州銀行股份有限公司

第五章 管理層討論和分析（續）

9.4資金業務

9.4.1 貨幣市場交易

報告期內，國內經濟發展整體仍處於一個低位均衡狀態，央行一方面通過抬高公開市場操作

利率等方式維持利率中樞穩中有升，另一方面擴大組合工具投放維持資金面的緊平衡，但進

入下半年，「價與量」的審慎評估愈發重要，隨著央行去槓桿、美聯儲加息，資金價格上行壓

力加劇。就本行來看，隨著河南省內農村信用合作社的改制，資金市場形勢更加嚴峻，如何

準確評估資金需求量，合理制定資金吸收價格，降低本行利息損失，應對市場劇烈波動，成

為越來越重要的課題。

報告期內，本行通過建立同業交流平台、同業存款內部報價平台、提升外部評級等多項舉

措，進一步拓展融資客戶群體，在保障流動性的基礎上，積極把握市場機遇，提升盈利空

間。截止2016年12月31日，本行存拆放同業及其他金融機構款項以及買入返售金融資產餘

額為人民幣182.93億元，佔本行資產總額的4.99%。本行同業及其他金融機構存拆入款項以

及賣出回購金融資產款餘額為人民幣781.65億元，佔本行負債總額的22.71%。

9.4.2 證券及其他金融資產投資

報告期內，本行密切關注經濟環境和金融市場的變化，根據對市場變化的趨勢分析，及時調

整投資業務及同業負債策略，抓住適當的交易機會，實現較好的價差收入。同時，本行不斷

豐富和及時調整對各類存款的吸收方式，使本行可用作投資的資金增加，並不斷拓寬資金

運用渠道，以提高本行的資金利用效率。截止2016年12月31日，本行投資債券、信託計劃

項下投資產品、證券公司管理的投資產品以及其他證券類金融資產總額為人民幣1,836.56

億元，較上年末增加人民幣702.14億元，增幅61.89%；其中，本行債券投資總額為人民幣

595.43億元，同比增加36.13%；信託計劃項下投資產品及證券公司管理的投資產品為人民

幣978.75億元，同比增加61.84%。

48 2016年度報告

第五章 管理層討論和分析（續）

9.4.3 理財業務

截止2016年12月31日，本行存續理財產品共計199隻，存續規模達到人民幣518.09億元，

較年初增長人民幣264.96億元，增幅104.67%。2016年日均存續規模人民幣373億元，較年

初增長人民幣174億元，增幅87.44%。

報告期內，本行穩健運行「鼎誠」、「聚金」、「聚財」、「月月盈」四個常規系列理財產品和「暢

享」、「聚鑫」、「同惠」三個專屬系列理財產品，其中「月月盈」是本行今年下半年面向櫃面發

行的首款開放式非淨值型理財，也是河南省城商行中發行的第一隻開放式理財產品。2016

年，本行共發行理財產品342隻，平均每月發行產品28.5隻，累計募集資金人民幣814.36億

元，平均每月募集資金人民幣67.86億元，發行產品數目和募集資金額同比分別提高62.86%

和31.77%。

9.5 分銷渠道

9.5.1 物理網點

報告期內，本行已在鄭州設立了總行，並有10家分行獲准開業，分別是：南陽分行、新鄉分

行、洛陽分行、安陽分行、許昌分行、商丘分行、漯河分行、信陽分行、濮陽分行和平頂山

分行。截止2016年12月31日，在河南全省範圍內本行共開設了132家支行。本行的經營活動

集中在河南省地區。

截止2016年12月31日，本行在行自助設備網點達到132家，其中鄭州市內77家，分行10

家，縣域45家。本行離行自助設備網點在河南省已達到156家，其中鄭州市區82家，分行縣

域74家。在南陽、新鄉、洛陽、中牟、登封、新密、新鄭等分行縣域均設有本行自助網點。

49鄭州銀行股份有限公司

第五章 管理層討論和分析（續）

9.5.2 電子銀行

自助銀行

本行自助設備包括自助取款機、自助存取款機、智能櫃檯、網銀機、繳費通、快窗、銀鐵

通，為客戶提供存取款、賬戶查詢、代理繳費、更改密碼、轉賬、火車票購買等多種便捷的

服務，以客戶的需求為中心，不斷對自助設備進行新功能的開發與升級，智能櫃檯業務的不

斷壯大也有效分流了部分櫃面業務，減輕了櫃檯壓力。截止2016年12月31日，本行自助設

備總量已達1,291台，其中自助取款機359台，自助存取款機350台，智能櫃檯201台，網銀

體驗機240台，繳費通140台，快窗1台。共發生存取款交易量1,137萬筆，同比增長6%；存

取款交易金額人民幣195億元，同比增長11%。

網上銀行

本行網上銀行於2010年10月正式對外運營，2016年本行網銀新增客戶16.29萬戶，同比增

加62.90%，其中個人網銀新增客戶15.57萬戶、企業網銀新增客戶0.72萬戶；實現轉賬交易

404.19萬筆，同比增幅為38.41%；交易金額人民幣3,584.86億元，同比增幅為38.28%。截

至2016年12月底，本行網上銀行客戶總數達44.69萬戶，其中個人網銀客戶42.61萬戶，企

業網銀客戶2.08萬戶。

手機銀行

本行手機銀行業務於2013年1月9日正式對外運營，於2015年11月11日，新版手機銀行正式

上線。2016年手機銀行主要涵蓋金融街和生活圈項目。手機銀行金融街項目主要指手機銀

行金融類的功能，根據金融街項目的規劃，手機銀行持續上線了購買基金理財、手機銀行日

添利、大額存單認購、定活互轉、簽約代扣、銀信通簽約、惠得利簽約、個人貸款綜合查詢

（通用查詢功能和循環貸查詢功能）、循環貸的放款和還款，手機銀行實現本行信用卡的申請

與實現本行信用卡跨行還款等業務。手機銀行生活圈業務緊抓本行「精品市民銀行」的定位，

力求實現一些與金融產品緊密結合的生活類服務，例如醫院預約掛號、慈善捐款、票務購

買、校園繳費等。手機銀行的強大功能和體驗優化給客戶帶來全新的感受。

2016年本行手機銀行用戶新增23.44萬戶，同比增幅118.45%；交易154.45萬筆，同比增幅

126.20%；交易金額達到人民幣161.32億元，同比增幅473.28%。截止2016年12月31日，

手機銀行累計開戶數為44.29萬戶，累計交易270.99萬筆，交易金額為人民幣203.35億元。

50 2016年度報告

第五章 管理層討論和分析（續）

網上支付

本行網上支付於2012年7月正式對外運營，2016年本行網上支付新增客戶268.75萬戶，同

比增幅2,853.3%；交易594.34萬筆，同比增幅為100.31%；交易金額達到人民幣31.45億

元，同比增幅273.96%。截止2016年12月31日，網上支付累計開戶290.11萬戶，累計交易

1,071.46萬筆，交易金額達人民幣43.66億元。

截止2016年12月31日，本行網上支付業務已涵蓋了支付寶、財付通、百付寶、京東網銀在

線和易付寶等主流支付機構的支付渠道，極大的豐富了本行銀行卡的支付渠道，提升了客戶

的支付體驗。

電話銀行

本行通過全國統一客服熱線4000-967585為客戶提供全天候不間斷的服務，包括賬戶查詢、

口頭掛失、代理繳費、貸款業務、投資理財、密碼服務、信用卡業務、人工諮詢和外呼等。

客服中心持續改善使用者體驗，以客戶需求為中心積極拓寬業務範圍。2016年，電話銀行總

業務受理量為223.66萬筆。

微信銀行

本行微信銀行業務於2013年10月25日正式對外運營。截止2016年12月31日，本行微信銀行

累計關注客戶數15.98萬戶。微信銀行為客戶提供賬戶餘額查詢、交易明細查詢以及本行理

財信息等諮詢查詢。2016年9月18日，微信銀行上線信用卡功能，可通過該模塊對信用卡進

行綁定、積分查詢、賬單查詢、賬單分期和還款等功能。2016年11月30日，微信銀行上線

醫療掛號功能，方便本行客戶隨時解決看病掛號難的問題。

鼎融易

本行鼎融易互聯網金融服務平台以「互聯網+」社區居民、商貿物流、中小微企業金融服務應

用為核心，實現在線開戶、在線理財、便民繳費、電商入駐、訂單撮合、在線交易、物流配

送、倉儲管理等多樣化的服務功能，是包含金融服務、生活服務、社交生態等場景的綜合性

互聯網金融服務平台。截止2016年12月31日，鼎融易開戶量已達24.22萬戶，累計交易52.5

萬筆，累計交易金額達人民幣96.89億元。

51鄭州銀行股份有限公司

第五章 管理層討論和分析（續）

9.6 附屬公司業務

9.6.1 附屬公司業務

報告期末，本行控股的扶溝鄭銀村鎮銀行股份有限公司註冊資本金人民幣6,000萬元，本行

持股50.2%，主要業務包括：（一）吸收公眾存款；（二）發放短期、中期和長期貸款；（三）辦

理國內結算；（四）辦理票據承兌與貼現；（五）從事同業拆借；（六）從事借記卡業務；（七）代

理發行、代理兌付、承銷政府債券；（八）代理收付款項業務；（九）經中國銀行業監督管理機

構批准的其他業務（涉及許可證經營的憑有效許可證或資質證經營）。

扶溝鄭銀村鎮銀行股份有限公司決策鏈條短、信貸措施靈活，業務流程結構與農業產業的金

融資金要求較為貼合。截至2016年末，資產總額人民幣3.53億元，各項貸款人民幣1.66億

元，各項存款人民幣2.13億元，不良率為零，各主要監管指標符合監管要求。

報告期末，本行發起設立的九鼎金融租賃公司首期註冊資本金人民幣10億元，本行持股

51%。九鼎金融租賃公司於2016年2月5日獲中國銀監會批准籌建，於2016年3月18日獲中

國銀監會河南監管局批覆開業，並於2016年3月23日正式開業運營。有關九鼎金融租賃公司

獲批籌建及正式開業的詳情請參閱本行於2016年2月17日和2016年3月23日刊發的公告。九

鼎金融租賃公司主要業務包括：（一）融資租賃業務；（二）轉讓和受讓融資租賃資產；（三）固

定收益類證券投資業務；（四）接受承租人的租賃保證金；（五）吸收非銀行股東3個月（含）以

上定期存款；（六）同業拆借；（七）向金融機構借款；（八）境外借款；（九）租賃物變賣及處理

業務；（十）經濟諮詢；（十一）中國銀監會批准的其他業務（依法須經批准的項目，經相關部

門批准後方可開展經營活動）。

九鼎金融租賃公司自2016年3月23日開業以來，秉持「創新、高效、協同、穩健」的經營理

念，堅持「深耕鄭州、立足河南、面向全國、專業精深、特色鮮明」的戰略定位。截至2016

年12月31日，九鼎金融租賃公司資產總額為人民幣84.24億元，融資租賃餘額為人民幣

80.19億元，淨利潤為人民幣9,840.71萬元。

52 2016年度報告

第五章 管理層討論和分析（續）

9.6.2 參股公司業務

報告期末，本行持有中牟鄭銀村鎮銀行股份有限公司18.53%的股權、新密鄭銀村鎮銀行股

份有限公司20.00%的股權、鄢陵鄭銀村鎮銀行股份有限公司30.00%的股權以及新鄭鄭銀村

鎮銀行股份有限公司20.00%的股權。四家村鎮銀行資產總額達到人民幣171.41億元，各項

存款達人民幣153.36億元，各項貸款達人民幣97.05億元。

本行自2009年設立中牟鄭銀村鎮銀行股份有限公司以來，鄭銀村鎮銀行始終堅持服務「三

農」，服務「中小」的市場定位，資產規模日益擴大，存貸款結構日趨合理，支農力度不斷加

大，股東回報逐年提高，其中中牟鄭銀村鎮銀行股份有限公司綜合實力名列全國村鎮銀行前

列。

9.7 風險管理

報告期內，本行進一步夯實基礎，嚴抓管理，建設強力總行，推進轉型發展，突出創新驅動，突出

差異化經營，突出風險防控，進一步深化全面風險管理體系建設，加強制度建設、系統建設和風險

文化建設，風險管理能力穩步提升。

9.7.1 信用風險

信用風險指本行可能因借款方或交易對手方未按協議條款履行責任而蒙受損失的風險。本行

的信用風險主要來自貸款組合、投資組合、擔保及其他各類表內及表外信用風險敞口。

本行設立了覆蓋整個信貸業務流程的全方位信用風險管理架構，制定政策及程序識別、評

估、計量、監測、緩釋及控制信用風險。本行建立了全行統一授權授信管理制度，採用多種

方法提升全行信用風險管理能力，包括設立客戶內部評級系統、更新內部評級模型、升級信

用風險執行信息系統以及進一步加強信貸審查及監督。2016年，根據本行管理需要，將風險

管理部的資產保全和不良清收職責劃入資產保全部管理，法律事務部更名為資產保全部，專

職負責全行資產保全和清收處置業務。

53鄭州銀行股份有限公司

第五章 管理層討論和分析（續）

9.7.2 市場風險

市場風險指市場價格變動所產生資產負債表內及表外虧損的風險。本行主要面臨有關銀行業

務組合及交易業務組合的市場風險。本行銀行業務組合有關的主要市場風險為交易頭寸市值

的波動，其受利率、匯率等可觀察市場變量的變動所影響。本行的市場風險管理目標是根據

風險承受力確保潛在市場虧損控制在可接受水平，同時致力實現經風險調整回報最大化。

市場風險管理的組織架構涵蓋前、中及後台。董事會最終對全行市場風險負責。高級管理層

負責執行董事會批准的市場風險管理戰略及政策。市場風險管理牽頭部門為風險管理部，實

際的市場風險管理職能分佈在風險管理部、計財部、金融市場部、金融同業部、貿易融資部

和資產管理部等部門。為有效履行市場風險管理職能，風險管理部已在金融市場部、資產管

理部派駐市場風險管理人員，參與交易業務的中台管理。本行的市場風險管理涵蓋識別、衡

量、監控市場風險的整個過程。本行基於本身承受市場風險的整體能力、業務戰略和具體產

品的市況設定各類產品的授權限額。本行設定不同的敞口限額並採用不同的量化措施，管理

本行銀行賬戶及交易賬戶引致的各類市場風險。

銀行賬戶的市場風險

1. 利率風險

本行的銀行賬戶利率風險主要是指因利率水平、期限結構等要素發生的不利變動導致

的銀行賬戶整體收益和經濟價值遭損失的風險。本行通過主動管理、適度對沖等手

段，將利率波動對銀行賬戶收益和經濟價值的負面影響控制在可接受的範圍內。

2. 匯率風險

外匯匯率風險是指由於匯率波動的時間差、地區差以及幣種和期限結構錯配所帶來的

風險。本行面臨的匯率風險主要為交易風險和折算風險，交易風險是指本行在客戶進

行即期或遠期外匯買賣、貸款、投資和兌換活動時，因匯率波動而遭受損失的風險；

折算風險是指會計期末將本行資產負債表中外幣資產與負債折算為人民幣時，因匯率

波動而帶來的匯兌損益。

54 2016年度報告

第五章 管理層討論和分析（續）

交易賬戶的市場風險

本行交易賬戶的市場風險主要是指交易賬戶中的金融產品因市場利率變動產生的資產價值變

化。本行通過設置利率敏感性指標和止損限額等市場風險限額，對交易賬戶資產每日進行市

值重估，並定期開展壓力測試，交易賬戶市場風險整體可控。

9.7.3 操作風險

操作風險是指由不完善或有問題的內部程序、員工或信息科技系統，或外部事件所造成損失

的風險，主要包括內外部欺詐、現場安全故障、營業中斷、實物資產破壞和信息科技系統故

障等。本行操作風險管理目標，是通過建立健全操作風險管理框架，實現對操作風險的有效

管理，實現操作風險損失的最小化。

本行不斷推進操作風險管理體系建設，完善操作風險三大工具和資本計量。建立完善操作風

險報告制度，及時向董事會、監事會、高級管理層提交報告。組織開展操作風險排查，防範

重點領域風險隱患和重大操作風險。

9.7.4流動性風險

流動性風險指無法及時獲得充足資金或無法以合理成本獲得充足資金以償還債務的風險。影

響本行流動性的因素包括本行的資產與負債期限結構和銀行業政策的變更，例如對貸存比及

法定準備金率的要求發生變化。本行主要在對借貸、交易及投資活動提供資金及對流動資金

頭寸進行管理時面臨流動性風險。本行流動性風險管理的目標是確保隨時擁有充足資金，以

及時滿足償付義務及供應業務營運資金的需求。

本行流動性風險管理的組織架構根據制定、實施及監管流動性風險管理政策及程序的責任分

離的原則組建。董事會最終負責流動性風險管理。董事會下設的風險管理委員會負責審批高

級管理層制定的流動性風險管理政策及戰略。本行在高級管理層設立資產負債管理委員會，

負責全行的流動性風險管理，具體負責制定流動性管理政策並負責組織實施。監事會負責日

常監督董事會及高級管理層落實流動性風險管理的情況。計財部、金融市場部、金融同業部

及資產管理部等相關部門負責日常的流動性風險管理。

55鄭州銀行股份有限公司

第五章 管理層討論和分析（續）

本行主要通過監控資產與負債的期限而管理流動性風險，並不斷加大力度改善流動性風險管

理。本行執行更嚴格的監管規定，密切監察各項流動性比率，制定應急方案及加強流動風險

管理及壓力測試。本行目前借助流動性壓力測試、流動性限額體系、二代支付系統和頭寸報

備等工具管理流動性風險，正在開發現金流分析管理工具。

9.7.5 信息科技風險

信息科技風險指本行信息科技在運行過程中由於自然因素、人為因素、技術漏洞和管理缺陷

產生的操作、法律和聲譽風險及其他風險等。本行信息科技風險管理的目標是通過建立有效

機制，實現對信息科技風險的識別、計量、監測和控制，保障本行業務安全、持續、穩健運

行。本行致力在安全和穩健的信息技術環境下經營業務，同時以先進的信息技術推動業務創

新。高級管理層下設的信息科技管理委員會負責推動各項信息科技管理職責的落實，確保配

置足夠人力、財力資源，維持穩定、安全的信息科技環境。科技開發部負責信息科技風險管

理政策及程序的落實工作。

本行建立在董事會和高級管理層領導下以業務、風險管理、審計「三道防線」為基礎的層次化

的信息科技風險管理架構。同時，本行尋求通過建立有效的基礎設施，實現對信息科技風險

的識別、監測和控制，促進本行信息科技系統的安全、持續、穩健運行，增強可持續發展能

力。本行通過信息系統研發與運維、信息安全、業務連續性管理等建設，逐步建立起全面的

信息科技風險管理體系。在信息科技體系運維管理方面，本行通過優化信息科技系統結構和

預防性維護工作，全面提升信息科技系統穩定性和可用性；在信息安全方面，本行從建立有

效的管理使用者認證和存取控制流程、嚴格操作規範、管理交易與活動日誌等措施及採取加

密技術等方面入手，逐步建立信息安全管控機制和技術防護手段；在業務連續性方面，本行

已建成鄭州市同城應用級災備中心和東莞異地資料級災備中心，以保障本行業務連續性和可

靠性。

2016年，本行開展了業務連續性管理培訓，制定了本年度業務連續性演練方案，並組織開展

了電子業務中斷應急演練，效果良好。

56 2016年度報告

第五章 管理層討論和分析（續）

9.7.6 聲譽風險

聲譽風險是指由本行經營、管理及其他行為或外部事件導致對本行負面報導及評價的風險。

本行聲譽風險管理的目標是通過建立積極、合理、有效的聲譽風險管理機制，實現對聲譽風

險的識別、監測、控制和化解，以建立和維護本行的良好企業形象，推動本行可持續發展。

本行建立負責聲譽風險管理的層次化組織架構。董事會承擔全行聲譽風險管理的最終責任，

高級管理層負責本行聲譽風險管理工作，組織成立聲譽風險管理委員會，確保聲譽風險管理

體系正常、有效運行，總行辦公室是本行聲譽風險的牽頭管理部門，負責聲譽風險的日常管

理工作。

9.7.7 巴塞爾新資本協定的實施情況

本行從2013年開始致力於巴塞爾新資本協議的實施，按照《商業銀行新資本管理辦法》（試

行）等監管政策要求，選擇與本行經營戰略、規模和業務複雜程度相匹配的建設方案，積極

推進資本計量初級法的建設和實施工作。本行通過優化公司治理結構、健全風險管理體系、

完善信息科技系統等手段以全面達到監管要求。本行2013年啟動全面風險管理項目以來，已

經完成了零售信貸業務申請評分卡體系建設、押品管理體系建設、操作風險標準法與管治、

風險與合規系統建設、銀行賬戶利率風險體系建設、流動性風險管理諮詢、資金業務信用債

評級模型開發和信用卡評分模型開發等。同時，本行市場風險標準法、風險加權資產和內部

資本充足評估程序等項目正在積極推進中。2016年，本行又成立了新資本協議實施領導小

組，統籌推動本行更高階段的新資本協議建設工作。

57鄭州銀行股份有限公司

第六章 股本變動及股東情況

1 本行股本變動情況

2015年12月31日 報告期內變動 2016年12月31日

數量 比例 數量 數量 比例

（股） (%) （股） （股） (%)

內資股 3,821,931,900 74.33 (18,000,000)1 3,803,931,900 71.48

境外上市外資股 1,320,000,000 25.67 198,000,0002 1,518,000,000 28.52

股份總數 5,141,931,900 100.00 5,321,931,900 100.00

1 由於行使超額配股權發行H股共計180,000,000股，根據中國有關國有股份轉持的相關規定以及全國社會保障基金理事會

（「社保基金」）《社保基金會關於鄭州銀行股份有限公司香港上市國有股減轉持有關問題的函》（社保基金發[2015]176號），售

股股東須出售合共18,000,000股額外銷售股份（即根據相關中國法規按一換一基準從內資股轉換而來的H股數目），相當於

本行因悉數行使超額配股權而將予發行的H股數目的10%，並將所得款項匯往社保基金所指定的賬戶。

2 在本行H股首次公開發行中，本行於2016年1月15日行使超額配股權而發行及出售的198,000,000股H股。

2 股東情況

2.1 報告期股東總數

截止2016年12月31日，本行共有內資股東3,626名。

58 2016年度報告

第六章 股本變動及股東情況（續）

2.2 股東持股情況

非境外上市內資股10大股東持股情況

於2016年12月31日，本行非境外上市內資股10大股東直接持股情況如下：

序號 股東名稱 股東性質 期末持股數

佔全部

已發行股份

持股比例 股份類別 質押或凍結

（股） (%) （股）

1 鄭州市財政局 國家股 490,904,755 9.22 內資股 220,900,000

2 豫泰國際（河南）房地產開發

有限公司

境內非國有法人 262,000,000 4.92 內資股 262,000,000

3 河南興業房地產開發有限公司 境內非國有法人 250,000,000 4.70 內資股 124,999,990

4 河南晨東實業有限公司 境內非國有法人 226,000,000 4.25 內資股 225,000,000

5 鄭州投資控股有限公司 國有法人 215,678,764 4.05 內資股 –

6 中原信託有限公司1 境內非國有法人 205,000,000 3.85 內資股 –

7 河南國原貿易有限公司 境內非國有法人 199,046,474 3.74 內資股 149,500,000

8 百瑞信託有限責任公司 國有法人 114,697,149 2.16 內資股 –

9 河南盛潤控股集團有限公司 境內非國有法人 100,000,000 1.88 內資股 –

10 河南正弘置業有限公司 境內非國有法人 100,000,000 1.88 內資股 49,999,990

1 中原信託有限公司於2017年1月23日協議受讓新鄉市景順紡織有限公司持有的本行9,426,471股內資股股份，及分

別於2017年2月17日與2月23日協議受讓河南紅旗煤業股份有限公司持有的本行合計25,000,000股內資股股份。受

讓完成後，中原信托有限公司共持有本行239,426,471股股份。

59鄭州銀行股份有限公司

第六章 股本變動及股東情況（續）

主要股東及其他人士於股份及相關股份擁有之權益及淡倉

據董事或本行最高行政人員所知，於2016年12月31日，以下人士（除董事、監事及本行最高行政

人員除外）於本行股份及相關股份中擁有或被視作擁有根據《證券及期貨條例》第XV部第2及3分部條

文須向本行及香港聯交所披露，或根據《證券及期貨條例》第336條規定須備存的登記冊所記錄的權

益和淡倉如下：

主要股東名稱 股份類別

好倉╱

淡倉 身份

直接或間接

持有股份數目

佔相關股份

類別已發行

股份比例

佔全部

已發行

股份比例

（股） (%) (%)

鄭州市財政局 內資股 好倉 實益擁有人 743,134,808 19.53 13.96

受控制企業權益1

豫泰國際（河南）房地產開發

有限公司

內資股 好倉 實益擁有人 262,000,000 6.89 4.92

河南省豫泰投資發展集團

有限公司

內資股 好倉 受控制企業權益2 262,000,000 6.89 4.92

張欣雅 內資股 好倉 受控制企業權益2 262,000,000 6.89 4.92

河南興業房地產開發有限公司 內資股 好倉 實益擁有人 250,000,000 6.57 4.70

河南正商企業發展有限責任公司 內資股 好倉 受控制企業權益3 250,000,000 6.57 4.70

張惠琪 內資股 好倉 受控制企業權益3 250,000,000 6.57 4.70

河南晨東實業有限公司 內資股 好倉 實益擁有人4 226,000,000 5.94 4.25

杜麗玲 內資股 好倉 受控制企業權益5 226,000,000 5.94 4.25

王梅蘭 內資股 好倉 受控制企業權益5 226,000,000 5.94 4.25

鄭州投資控股有限公司 內資股 好倉 實益擁有人6 215,678,764 5.67 4.05

中原信託有限公司 內資股 好倉 實益擁有人7 205,000,000 5.39 3.85

河南中原高速公路股份有限公司 內資股 好倉 受控制企業權益8 205,000,000 5.39 3.85

60 2016年度報告

第六章 股本變動及股東情況（續）

主要股東名稱 股份類別

好倉╱

淡倉 身份

直接或間接

持有股份數目

佔相關股份

類別已發行

股份比例

佔全部

已發行

股份比例

（股） (%) (%)

河南交通投資集團有限公司 內資股 好倉 受控制企業權益8 205,000,000 5.39 3.85

河南投資集團有限公司 內資股 好倉 實益擁有人9 294,769,212 7.75 5.54

受控制企業權益9

河南國原貿易有限公司 內資股 好倉 實益擁有人10 199,046,474 5.23 3.74

Power Universal Golden Limited

（力通金有限公司）

H股 好倉 實益擁有人11 254,500,000 16.77 4.78

Amuse Peace Limited

（樂和有限公司）

H股 好倉 受控制企業權益11 254,500,000 16.77 4.78

張曉東 H股 好倉 受控制企業權益11 254,500,000 16.77 4.78

China Goldjoy Securities Limited

（中國金洋證券有限公司）

（前名稱：China Yinsheng

Securities Limited （中國銀盛

證券有限公司））

H股 好倉 保管人 218,289,000 14.38 4.10

香港興瑞國際投資有限公司 H股 好倉 實益擁有人 100,000,000 6.58 1.88

鄭州航空港區興瑞實業有限公司 H股 好倉 受控制企業權益12 100,000,000 6.58 1.88

鄭州航空港興港投資發展

有限公司（前名稱：鄭州新鄭

綜合保稅區（鄭州航空港區）

興港投資發展有限公司）

H股 好倉 受控制企業權益12 100,000,000 6.58 1.88

61鄭州銀行股份有限公司

第六章 股本變動及股東情況（續）

主要股東名稱 股份類別

好倉╱

淡倉 身份

直接或間接

持有股份數目

佔相關股份

類別已發行

股份比例

佔全部

已發行

股份比例

（股） (%) (%)

深圳前海瑞茂通供應鏈平台服務

有限公司

H股 好倉 受控制企業權益12 100,000,000 6.58 1.88

江蘇晉和電力燃料有限公司 H股 好倉 受控制企業權益12 100,000,000 6.58 1.88

瑞茂通供應鏈管理股份有限公司 H股 好倉 受控制企業權益12 100,000,000 6.58 1.88

鄭州瑞茂通供應鏈有限公司 H股 好倉 受控制企業權益12 100,000,000 6.58 1.88

鄭州中瑞投資有限公司（前名稱：

河南中瑞投資有限公司）

H股 好倉 受控制企業權益12 100,000,000 6.58 1.88

萬永興 H股 好倉 受控制企業權益12 100,000,000 6.58 1.88

鄭州市鄭東新區建設開發

投資總公司

H股 好倉 實益擁有人13 100,000,000 6.58 1.88

北京尚融資本管理有限公司 H股 好倉 受控制企業權益14 129,000,000 8.50 2.42

尉立東 H股 好倉 受控制企業權益14 129,000,000 8.50 2.42

河南鴻寶集團有限公司 H股 好倉 實益擁有人 99,000,000 6.52 1.86

袁桂寶 H股 好倉 受控制企業權益15 99,000,000 6.52 1.86

62 2016年度報告

第六章 股本變動及股東情況（續）

1 鄭州發展投資集團有限公司、鄭州市環衛清潔有限公司、鄭州市污水淨化有限公司、鄭州市市政工程總公司及鄭州

自來水投資控股有限公司分別持有本行65,258,982股、50,000,000股、85,133,944股、50,000,000股、1,837,127

股股份，上述各公司均為鄭州市財政局直接或間接全資擁有。根據證券及期貨條例，鄭州市財政局被視為於鄭州發

展投資集團有限公司、鄭州市環衛清潔有限公司、鄭州市污水淨化有限公司、鄭州市市政工程總公司及鄭州自來水

投資控股有限公司持有的股份中擁有權益。本行非執行董事樊玉濤先生為鄭州市財政局副局長。

報告期後，截至最後實際可行日期，因股權結構變動，鄭州市財政局不再直接或間接擁有鄭州市污水淨化有限公

司、鄭州自來水投資控股有限公司，根據證券期貨條例，鄭州市財政局不再視為於鄭州市污水淨化有限公司、鄭州

自來水投資控股有限公司持有的本行股份中擁有權益。

2 豫泰國際（河南）房地產開發有限公司由河南省豫泰投資發展集團有限公司全資擁有，而河南省豫泰投資發展集團有

限公司於報告期末由張欣雅女士擁有80%股權。根據證券及期貨條例，河南省豫泰投資發展集團有限公司及張欣雅

均被視為於豫泰國際（河南）房地產開發有限公司持有的股份中擁有權益。

3 河南興業房地產開發有限公司由河南正商企業發展有限責任公司擁有97.8%股權，河南正商企業發展有限責任公司

由張惠琪擁有90%股權。根據證券及期貨條例，河南正商企業發展有限責任公司及張惠琪均被視為於河南興業房地

產開發有限公司持有的股份中擁有權益。張惠琪為本行非執行董事張敬國之已滿18周歲之女。

4 本行非執行董事馬金偉為河南晨東實業有限公司總經理。

5 河南晨東實業有限公司分別由杜麗玲及王梅蘭擁有50%及50%股權。根據證券及期貨條例，杜麗玲及王梅蘭均被視

為於河南晨東實業有限公司持有的股份中擁有權益。

6 本行非執行董事梁嵩巍為鄭州投資控股有限公司董事長。

7 中原信託有限公司於2017年1月23日協議受讓新鄉市景順紡織有限公司持有的本行9,426,471股內資股股份，及分

別於2017年2月17日與2月23日協議受讓河南紅旗煤業股份有限公司持有的本行合計25,000,000股內資股股份。受

讓完成後，中原信托有限公司共持有本行239,426,471股股份。

8 中原信託有限公司由河南投資集團有限公司及河南中原高速公路股份有限公司分別擁有約46.43%及31.91%股權。

河南中原高速公路股份有限公司由河南交通投資集團有限公司擁有約45.09%股權。根據證券及期貨條例，河南投

資集團有限公司、河南中原高速公路股份有限公司及河南交通投資集團有限公司均被視為於中原信託有限公司持有

的股份中擁有權益。本行非執行董事姬宏俊為中原信託有限公司副總裁。

9 該294,769,212股股份由河南投資集團有限公司直接或間接持有。包括河南投資集團有限公司直接持有的

89,769,212股股份及中原信託有限公司（由河南投資集團有限公司擁有約46.43%股權）持有的205,000,000股股

份。根據證券及期貨條例，河南投資集團有限公司被視為於中原信託有限公司持有的股份中擁有權益。

63鄭州銀行股份有限公司

第六章 股本變動及股東情況（續）

10 河南國原貿易有限公司由本行的監事朱志暉擁有90%及其配偶王林輝擁有10%股權。根據證券及期貨條例，朱志暉

被視為於河南國原貿易有限公司持有的股份中擁有權益。本行監事朱志暉為河南國原貿易有限公司董事長。

11 該254,500,000股股份由 Power Universal Golden Limited 直接持有，Power Universal Golden Limited 則由 Amuse

Peace Limited 全資持有。Amuse Peace Limited 由張曉東全資擁有。根據證券及期貨條例，Amuse Peace Limited、

張曉東均被視為於 Power Universal Golden Limited 持有的股份中擁有權益。

報告期後，截至最後實際可行日期，Power Universal Golden Limited 由 Plan Marvel Investment Limited 全資

持有，Plan Marvel Investment Limited 則由丁鵬雲全資持有，根據證券及期貨條例，Plan Marvel Investment

Limited、丁鵬雲均被視為於 Power Universal Golden Limited 持有的股份中擁有權益，而 Amuse Peace Limited、

張曉東則於Power Universal Golden Limited 持有的股份中不再擁有權益。

12 香港興瑞國際投資有限公司（「香港興瑞」）由鄭州航空港區興瑞實業有限公司（「興瑞實業」）全資擁有，而興瑞實業

為鄭州航空港經濟綜合實驗區（鄭州新鄭綜合保稅區）管理委員會（前名稱：鄭州新鄭綜合保稅區（鄭州航空港區）管

理委員會）下的一家國有公司，鄭州航空港興港投資發展有限公司（前名稱：鄭州新鄭綜合保稅區（鄭州航空港區）興

港投資發展有限公司）（「鄭州興港」）及深圳前海瑞茂通供應鏈平台服務有限公司（「瑞茂通」）分別擁有51%及49%股

權。瑞茂通由江蘇晉和電力燃料有限公司（「江蘇晉和」）全資擁有，而江蘇晉和則由瑞茂通供應鏈管理股份有限公司

（「瑞茂通供應鏈管理」）於上海交易所上市的公司全資擁有。瑞茂通供應鏈管理由鄭州瑞茂通供應鏈有限公司（「鄭州

瑞茂通」）擁有60.76%股權，鄭州瑞茂通由鄭州中瑞投資有限公司（前名稱：河南中瑞投資有限公司）（「鄭州中瑞」）

全資擁有，而鄭州中瑞則由萬永興擁有70%股權。根據證券及期貨條例，興瑞實業、鄭州興港、瑞茂通、江蘇晉

和、瑞茂通供應鏈管理、鄭州瑞茂通、鄭州中瑞及萬永興均被視為於香港興瑞持有的股份中擁有權益。

13 鄭州市鄭東新區建設開發投資總公司為鄭州鄭東新區管理委員會設立。

14 尉立東先生持有北京尚融資本管理有限公司99.83%權益，北京尚融資本管理有限公司透過若干子公司持有本行共

129,000,000股股份。

15 河南鴻寶集團有限公司由袁桂寶持有39%的權益。因此根據證券及期貨條例，袁桂寶被視為在河南鴻寶集團有限公

司持有的股份中擁有權益。

除上文所披露者外，於2016年12月31日，本行並不知悉任何其他人士（董事、監事及本行的最高行政人

員除外）於本行的股份或相關股份中擁有任何權益或淡倉而需根據證券及期貨條例第336條記錄於名冊內。

64 2016年度報告

第六章 股本變動及股東情況（續）

3 持有本行5%（含5%）以上股份的股東

報告期末，鄭州市財政局直接持有本行股份490,904,755股，佔本行已發行股份總數的9.22%。

4 本行股份質押及凍結情況

截至報告期末，就本行所知，本行1,534,770,970股股份（佔本行已發行股份總數的28.84%）存在質押情

形，62,749,657股股份涉及凍結。報告期內有20,055,000股股份涉及司法拍賣。

5 A股首次公開發行

本行於2016年9月27日召開2016年第一次臨時股東大會，審議並通過首次公開發行A股股票議案，擬發

行不超過6億股的股份。截至本報告期末，該計劃發行數量分別佔本行內資股發行數量和本行總發行股本

的15.77%和11.27%。本行將根據本行的資本需求、與監管部門的溝通及股票發行時的市場現狀，由董

事會經股東大會授權與保薦人（主承銷商）協商後決定實際的股票發行規模。有關（其中包括）A股發行事宜

的詳情請參閱本行日期為2016年8月13日的通函及本行日期分別為2016年7月16日、2016年8月13日、

2016年9月27日、2016年12月23日、2016年12月29日的公告。

本行已向中國證監會提交包括A股招股章程在內的A股發行申請材料，而中國證監會已於2016年12月22

日接受申請材料。A股招股章程已刊載於中國證監會網站www.csrc.gov.cn進行預先披露並按照上市規

則第13.10B條，同步刊載於香港交易及結算所有限公司披露易網站www.hkexnews.hk及本行官方網站

www.zzbank.cn。本行將適時披露有關A股發行的進一步詳情及進展。

65鄭州銀行股份有限公司

第七章 董事、監事、高級管理人員、員工及機構情況

1 截至2016年12月31日的董事、監事及高級管理人員

董事

姓名 性別 出生年月 在本行任職情況 任期

王天宇 男 1966年3月 董事長、執行董事 2015.6.18–2018.6.18

申學清 男 1965年7月 行長、執行董事 2015.6.18–2018.6.18

馮 濤 男 1963年9月 副董事長、執行董事 2016.6.17–2018.6.18

樊玉濤 男 1966年5月 非執行董事 2015.9.8–2018.6.18

張敬國 男 1963年7月 非執行董事 2015.6.18–2018.6.18

馬金偉 男 1976年1月 非執行董事 2015.9.8–2018.6.18

梁嵩巍 男 1968年8月 非執行董事 2015.6.18–2018.6.18

姬宏俊 男 1963年6月 非執行董事 2015.6.18–2018.6.18

于章林 男 1966年12月 非執行董事 2016.6.17–2018.6.18

王世豪 男 1950年4月 獨立非執行董事 2015.6.18–2018.6.18

李懷珍 男 1957年6月 獨立非執行董事 2015.9.8–2018.6.18

謝太峰 男 1958年8月 獨立非執行董事 2015.9.8–2018.6.18

吳 革 男 1967年5月 獨立非執行董事 2015.9.8–2018.6.18

陳美寶 女 1971年11月 獨立非執行董事 2015.9.8–2018.6.18

66 2016年度報告

第七章 董事、監事、高級管理人員、員工及機構情況（續）

監事

姓名 性別 出生日期 在本行任職情況 任期

趙麗娟 女 1962年9月 監事長╱股東監事 2016.6.17–2018.6.18

孟 君 女 1971年11月 股東監事 2015.6.18–2018.6.18

朱志暉 男 1969年8月 股東監事 2015.6.18–2018.6.18

湯雲為 男 1944年11月 外部監事 2015.6.18–2018.6.18

劉煜輝 男 1970年10月 外部監事 2015.6.18–2017.6.24

徐長生 男 1963年10月 外部監事 2016.6.17–2018.6.18

段 萍 女 1966年4月 職工監事 2015.6.18–2018.6.18

張春閣 女 1968年12月 職工監事 2015.6.18–2018.6.18

崔華瑞 女 1967年5月 職工監事 2015.6.18–2018.6.18

高級管理人員

姓名 性別 出生年月 在本行任職情況

申學清 男 1965年7月 行長

夏 華 男 1967年8月 副行長

白效鋒 男 1967年8月 副行長

郭志彬 男 1968年10月 副行長

孫海剛 男 1977年8月 行長助理

張文建 男 1965年6月 行長助理

毛月珍 女 1963年4月 總會計師

傅春喬 男 1973年10月 董事會秘書

姜 濤 男 1972年4月 首席信息官

67鄭州銀行股份有限公司

第七章 董事、監事、高級管理人員、員工及機構情況（續）

2 董事及監事及高級管理人員變動情況

2.1 董事於報告期內之變動情況

於2016年3月26日，本行非執行董事馬磊先生因工作調動辭任董事職務，于章林先生獲董事會審議

通過建議委任為本行非執行董事，並提交予本行2015年度股東週年大會批准。有關馬磊先生辭任

及于章林先生獲建議委任為本行非執行董事的詳情請參閱本行於2016年3月26日刊發的非執行董事

辭任及建議委任非執行董事的公告。

於2016年4月16日，本行非執行董事兼副董事長徐建新先生因病辭世，不再擔任本行副董事長及非

執行董事。

於2016年5月28日，本行執行董事兼副董事長張榮順先生因工作調整辭任本行執行董事兼副董事

長，馮濤先生獲董事會審議通過建議委任為本行執行董事。有關張榮順先生辭任及馮濤先生獲建議

委任為本行執行董事的詳情請參閱本行2016年5月28日刊發的有關執行董事辭任及建議委任執行董

事的公告。

經於2016年6月17日召開的本行2015年度股東週年大會選舉，馮濤先生獲選擔任本行執行董事、

于章林先生獲選擔任本行非執行董事。彼等任職資格已於2016年8月4日經中國銀監會河南監管局

核准，其任期與本行第五屆董事會任期一致，自核准之日起生效，預計於2017年度股東週年大會

召開之日時終止。同時，張榮順先生就本行董事兼副董事長的辭任自2016年8月4日起生效。

本行於2016年6月17日召開的第五屆董事會2016年第2次臨時會議，同時選舉馮濤先生為本行副董

事長，其副董事長任職資格已於2016年8月4日經中國銀監會河南監管局核准。

有關馮濤先生及于章林先生董事任職資格獲核准的詳情請參閱本行於2016年8月15日刊發的關於董

事任職資格獲監管機構核准的公告。

68 2016年度報告

第七章 董事、監事、高級管理人員、員工及機構情況（續）

2.2 監事於報告期內之變動情況

於2016年3月28日，本行監事范大路先生因工作調動辭任監事及監事長職務及張聖平先生因國家有

關限制性規定向監事會表示彼將辭任監事職務，趙麗娟女士及徐長生先生獲監事會審議通過建議委

任為本行監事，並提交予本行2015年度股東週年大會批准。有關范大路先生及張聖平先生辭任，

及趙麗娟女士及徐長生先生獲建議委任為本行監事的詳情請參閱本行於2016年3月28日刊發的監事

變動的公告。

經於2016年6月17日召開的本行2015年度股東週年大會選舉，趙麗娟女士獲選擔任本行股東監

事，徐長生先生獲選擔任本行外部監事。於2016年6月17日召開的本行第五屆監事會2016年第3次

臨時會議，選舉趙麗娟女士為本行監事長。

2.3 高級管理人員之變動情況

本行於2016年3月28日發出公告，趙麗娟女士因工作調動，向本行提交辭呈，辭去本行副行長職

務，並於2016年3月26日起不再履行其作為副行長的職責。

本行於2015年10月24日召開的第五屆董事會第三次會議，決定聘任姜濤先生為本行首席信息官。

目前其任職資格已經中國銀監會河南監管局核准。

3 董事、監事及高級管理人員履歷

董事

王天宇先生，50歲，於2012年2月獲委任為本行執行董事，且於2011年3月獲委任為本行董事長，主要

負責本行整體運營及戰略管理。此外，王先生於2005年9月至2011年12月擔任本行行長，並於2012年5

月至今擔任中牟鄭銀村鎮銀行股份有限公司董事長。

王先生擁有近24年銀行業務運營及管理經驗。彼於1996年8月加入本行，並於1996年8月至2005年9月先

後擔任本行經五路支行行長及本行副行長。在加入本行之前，彼於1993年5月至1996年5月擔任河南省豫

工城市信用社副主任。

69鄭州銀行股份有限公司

第七章 董事、監事、高級管理人員、員工及機構情況（續）

王先生於1988年6月畢業於河南財經學院（中國河南）財政專業及取得經濟學學士學位，於2006年6月取

得新加坡國立大學（新加坡）工商管理碩士學位，於2015年1月取得清華大學（中國北京）高級管理人員工

商管理碩士學位，並於2015年7月起於華中科技大學（中國湖北）經濟學院就讀高級經濟學課程進修班。

彼自1998年12月起一直為河南省人民政府認可的高級會計師。此外，王先生於2013年1月起至今擔任第

十二屆河南省人民代表大會代表，並於2015年4月榮獲「全國勞動模範」稱號。

申學清先生，51歲，於2012年2月獲委任為本行執行董事，且於2011年12月獲委任為本行行長，主要負

責本行日常運營及管理。

申先生擁有近21年銀行業務運營及管理經驗。彼於2011年12月加入本行。在加入本行之前，彼於1996

年6月至2011年11月於廣東發展銀行股份有限公司（現稱為廣發銀行股份有限公司）先後擔任多個職位，

其中於1996年6月至2000年10月歷任鄭州分行花園路支行綜合部副經理、經理、營業部主任、支行行長

助理職務，於2000年10月至2004年7月歷任鄭州分行東明路支行行長助理、副行長、行長，於2004年7

月至2006年4月歷任鄭州分行辦公室總經理、公司銀行三部總經理，於2006年4月至2009年9月擔任安陽

支行行長，並於2009年10月至2011年11月擔任長沙分行副行長。此前，彼於1990年7月至1996年6月於

河南省平頂山市財政貿易委員會工作，歷任辦公室科員、副科長、副主任。

申先生於1990年6月畢業於河南財經學院（中國河南）財政專業及取得經濟學學士學位，於2008年12月取

得西安交通大學（中國陝西）高級工商管理碩士學位，並於2015年7月取得清華大學（中國北京）高級管理

人員工商管理碩士學位。彼自2005年12月起一直為河南省人民政府認可的高級經濟師。

馮濤先生，53歲，於2016年6月獲委任為本行執行董事、副董事長。彼主要負責董事會內審辦公室的運

營。

馮先生擁有近36年銀行業經驗。彼於2016年6月加入本行。在加入本行之前，彼於1980年12月至1983

年8月任職於中國人民銀行商城縣支行；於1986年7月至1998年12月歷任中國人民銀行河南省分行辦事

員、科員、副主任科員、主任科員；於1998年12月至2003年9月任中國人民銀行鄭州中心支行銀行管理

處主任科員；於2003年9月至2016年5月在中國銀監會河南監管局先後擔任多個職位，其中於2003年9月

至2012年12月歷任城市商業銀行監管處主任科員、後勤服務中心副主任、國有銀行監管二處副處長、非

現場監管一處副處長、非現場監管一處調研員、國有銀行監管處調研員，於2012年12月至2015年2月任

焦作銀監分局局長，於2015年2月至2016年5月任城市商業銀行監管處處長。

70 2016年度報告

第七章 董事、監事、高級管理人員、員工及機構情況（續）

馮先生於1983年8月至1986年7月於河南金融幹部管理學院（中國河南）金融專業學習（電大），於1998年

12月畢業於中共中央黨校函授學院（中國北京）經濟管理專業（函授）。彼自1993年10月起一直為中國人民

銀行河南省分行認可的經濟師。

樊玉濤先生，50歲，於2015年6月獲委任為本行非執行董事。

樊先生自2016年2月起擔任鄭州市財政局副局長。此前，彼於1988年7月至1994年6月擔任鄭州市財政局

預算處科員，於1994年6月至2002年4月擔任鄭州市財政局預算處副處長、於2002年4月至2006年4月擔

任鄭州市財政局預算處處長，並於2006年4月至2009年7月擔任鄭州市財政局國庫處處長，自2009年7月

至2016年2月擔任鄭州市財政局總經濟師。

樊先生於1988年7月畢業於中國人民解放軍信息工程學院（中國河南）計算器科學與工程專業及取得工學

學士學位，並於2001年7月取得財政部財政科學研究所研究生部（中國北京）會計專業結業證書。

張敬國先生，53歲，於2012年2月獲委任為本行非執行董事。

張先生自2001年1月起擔任河南正商置業有限公司董事長兼行政總裁，並於2015年7月至今擔任正恒國際

控股有限公司（前稱為恒輝企業控股有限公司，於香港聯交所上市，股票代號：00185）主席、執行董事

及行政總裁。此前，彼於1983年7月至1991年6月擔任河南省五金家電工業公司副科長，於1991年7月至

1995年4月擔任河南省輕工業廳處長，於1995年4月至2001年4月擔任河南興業房地產開發有限公司總經

理。

張先生於1983年6月畢業於鄭州大學（中國河南）無線電專業及取得理學學士學位，並於2001年7月取得中

國人民大學（中國北京）國際貿易學專業結業證書。彼於2013年7月取得北京大學（中國北京）高級管理人

員工商管理碩士學位。彼自1997年8月起一直為河南省人民政府認可的高級工程師。

馬金偉先生，41歲，於2015年6月獲委任為本行非執行董事。

馬先生自2014年5月起擔任河南晨東實業有限公司總經理。此前，彼於1996年7月至2001年5月歷任鄭州

亞星房地產開發有限公司財務部會計、財務經理，於2001年5月至2003年9月歷任河南省雙匯實業集團有

限責任公司集團審計處職員、河南雙匯地產發展有限公司財務總監兼董事會秘書，於2004年10月至2014

年5月歷任河南銀基房地產開發有限公司財務處主管會計、財務處副經理、集團財務經理、財務總監、副

總經理、董事。

71鄭州銀行股份有限公司

第七章 董事、監事、高級管理人員、員工及機構情況（續）

馬先生於2011年6月畢業於東北大學（中國遼寧）項目管理專業。彼自2002年5月起一直為中華人民共和國

財政部認可的中級會計師。

梁嵩巍先生，48歲，於2012年2月獲委任為本行非執行董事。

梁先生自2008年11月起擔任鄭州投資控股有限公司總經理並自2009年12月起擔任該公司董事、自2015

年6月起擔任該公司董事長。彼於1989年8月至1993年6月擔任河南省土產進出口公司業務經理，於1993

年7月至2006年8月擔任河南百和國際公路科技有限公司董事長，於2001年11月起擔任鄭州百文股份有

限公司（集團）總經理助理，於2006年8月至2008年10月擔任鄭州百文集團有限公司董事、副總經理，於

2009年6月起擔任鄭州中小企業擔保有限公司董事，於2015年1月起擔任鄭州市產業發展引導基金有限公

司董事長。

梁先生於1998年12月畢業於中國社會科學院研究生院（中國北京）文藝學專業，並於2005年6月畢業於對

外經濟貿易大學（中國北京）國際貿易學專業。

姬宏俊先生，53歲，於2012年2月獲委任為本行非執行董事。

姬先生自2003年12月起先後擔任中原信託有限公司副總經理、副總裁，自2008年12月起擔任長城基金

管理有限公司董事，於2012年11月至2016年5月擔任焦作中旅銀行股份有限公司非執行董事。彼於2000

年8月至2003年9月擔任河南省發展計劃委員會財政金融處副處長（期間於2002年9月至2003年9月擔任國

家開發銀行河南省分行信貸一處副處長），於1999年2月至2000年8月擔任河南省計劃委員會固定資產投

資處副處長，於1997年4月至1999年2月擔任河南省計劃委員會老幹部處副處長，於1993年4月至1997年

4月擔任河南省計劃經濟委員會、河南省計劃委員會對外經濟處主任科員，於1991年8月至1993年4月擔

任河南省計劃經濟委員會對外經濟處副主任科員，於1989年1月至1991年8月擔任河南省計劃經濟委員會

對外經濟處科員，於1987年9月至1989年1月擔任河南省計劃經濟委員會財政金融處辦事員，並於1984

年7月至1987年9月擔任河南省計劃經濟委員會財貿處、河南省計劃經濟委員會財政金融處幹部。

姬先生於1994年7月畢業於中共河南省委黨校（中國河南）經濟專業（夜大），於2004年6月取得武漢大學

（中國湖北）商學院金融學專業研究生課程進修班結業證書，並於2010年11月取得亞洲（澳門）國際公開大

學（中國澳門）工商管理學碩士學位。彼自2007年10月起一直為北京金融培訓中心認可的金融理財師。

72 2016年度報告

第七章 董事、監事、高級管理人員、員工及機構情況（續）

于章林先生，50歲，於2016年6月獲委任為本行非執行董事。

于先生於2016年1月起任中國城市國際金融控股集團有限公司副總裁。此前，於1988年9月至1992年3月

任職於河南省冶金規劃設計院，於1992年3月至2004年5月任職於水利部黃河水利委員會，於2004年5月

至2016年1月擔任深圳南方長城投資控股有限公司總經理。

于先生於1988年7月畢業於鄭州工學院（中國河南）水利水電建築工程專業及取得工學學士學位。

王世豪先生，66歲，於2012年2月獲委任為本行獨立非執行董事。彼於2002年9月獲委任為城市商業銀

行資金清算中心理事長及自2002年7月至2013年8月擔任城市商業銀行資金清算中心法定代表人。彼自

2011年10月至2015年12月擔任徽商銀行股份有限公司（香港聯交所上市，股票代號：3698）獨立非執行

董事。此前，彼於1995年12月至2010年5月擔任上海城市合作商業銀行（現時稱為上海銀行）董事、副行

長，於1991年2月至1995年12月擔任上海市城市信用合作社聯社主任。此外，彼自2008年3月至2010年

2月及2010年12月至2012年11月擔任上海市人民政府決策諮詢特聘專家，自2010年7月起擔任上海國家

會計學院兼職教授，自2011年1月起擔任上海交通大學海外教育學院兼職教授，自2012年6月至2014年

12月擔任復旦大學經濟學院2012年至2014年度客座教授及自2013年5月起擔任上海財經大學商學院兼職

教授。

王先生於1984年7月畢業於復旦大學（中國上海）金融管理幹部專業，並於2005年6月完成上海國家會計學

院（中國上海）與亞利桑那州立大學（美國）合作高級工商管理碩士項目及取得亞利桑那州立大學（美國）工

商管理學碩士學位。彼自1993年7月起一直為中國人民銀行認可的高級經濟師。

李懷珍先生，59歲，於2015年6月獲委任為本行獨立非執行董事。彼自2014年7月起擔任中國民生投資

股份有限公司執行董事、總裁，自2014年11月起擔任中民國際資本有限公司董事，自2015年4月起擔任

中民投國際控股有限公司董事。此前，彼於2012年4月至2014年6月擔任中國民生銀行股份有限公司監事

會副主席，於2003年7月至2012年於中國銀監會先後擔任山東監管局籌備組成員，山東監管局副局長，

湖北監管局局長，財務會計部主任，於1998年11月至2003年9月擔任中國人民銀行濟南分行副行長並兼

任國家外匯管理局濟南分局副局長，於1997年1月至1998年11月擔任中國人民銀行河南省分行副行長並

兼任國家外匯管理局河南分局副局長，於1983年9月至1997年1月於中國人民銀行先後擔任周口地區分行

計劃科職員、周口地區分行辦公室副主任、主任、漯河分行副行長、鄭州分行行長，並於1980年3月至

1981年9月於中國人民銀行擔任周口地區分行統計科職員。

73鄭州銀行股份有限公司

第七章 董事、監事、高級管理人員、員工及機構情況（續）

李先生於1980年3月畢業於河南銀行學校（中國河南），於1983年9月畢業於鄭州大學（中國河南）金融專

業，並於1997年12月取得東北財經大學（中國遼寧）經濟學碩士。彼自1996年2月起一直為中國人民銀行

認可的高級經濟師。

謝太峰先生，58歲，於2015年6月獲委任為本行獨立非執行董事。彼自2013年9月起擔任友利銀行（中

國）有限公司獨立董事，自2005年7月起擔任首都經濟貿易大學金融學院教授。此前，彼於2013年3月至

2015年6月擔任中國昊華化工集團股份有限公司獨立董事，自2006年1月至2015年3月歷任首都經濟貿易

大學金融學院副院長及金融學院院長、博士生導師。彼於2000年7月至2005年7月擔任北京機械工業學院

工商管理分院教授，並於1982年1月至2000年7月於鄭州大學先後擔任經濟系助教、經濟系講師、商學院

副教授、金融系主任、商學院副院長、商學院教授、副院長。

謝先生於1981年12月畢業於鄭州大學（中國河南）政治經濟學專業及取得經濟學學士學位，於1986年7月

畢業於西南財經大學（中國四川）貨幣銀行學專業及於1989年1月取得經濟學碩士學位，並於2000年1月取

得西南財經大學（中國四川）經濟學博士學位。彼自1996年5月起一直持有河南省人民政府認可的教授職

稱。

吳革先生，49歲，於2015年6月獲委任為本行獨立非執行董事。彼自2013年11月起擔任北京市中聞律師

事務所主任及法人代表。此外，彼自2015年4月起擔任國家人權教育與培訓基地－西南政法大學人權教

育與研究中心兼職研究員，自2013年1月起擔任中國人民政治協商會議第十一屆河南省委員會委員，自

2008年9月起擔任中華海外聯繫會第三屆、第四屆理事。彼於2005年12月起擔任中央財經大學法律碩士

導師，於2006年8月起擔任北京師範大學刑事法律科學院兼職研究員，並於2007年5月至2010年5月擔任

中國政法大學法學院兼職教授。彼於2007年3月榮獲清華大學法學院優秀法律碩士聯合導師。

吳先生於2000年1月畢業於中國人民大學（中國北京）法律碩士專業及取得法律碩士學位，並於2002年12

月取得北京大學（中國北京）經濟學院金融學研究生課程結業證書。

陳美寶女士，45歲，於2015年6月獲委任為本行獨立非執行董事。彼自1999年2月起創辦陳美寶會計師

事務所，並於2016年成為致同會計師事務所有限公司副管理合夥人。彼於2009年10月至2012年4月擔任

科地農業控股有限公司（前稱中國3C集團有限公司，於香港聯交所上市，股票代號：08153）獨立非執行

董事，於2011年7月至2012年9月擔任香港教育（國際）投資集團有限公司（前稱現代教育集團有限公司，

74 2016年度報告

第七章 董事、監事、高級管理人員、員工及機構情況（續）

於香港聯交所上市，股票代號：01082）獨立非執行董事，自2011年8月起擔任信星鞋業集團有限公司（於

香港聯交所上市，股票代號：01170）獨立非執行董事，於2011年12月至2014年12月擔任中國織材控股

有限公司（於香港聯交所上市，股票代號：03778）獨立非執行董事，並自2013年5月起擔任南華資產控股

有限公司（前稱南華置地有限公司，於香港聯交所上市，股票代號：08155）獨立非執行董事。彼於2006

年1月起擔任香港女會計師協會的理事並於2010年擔任會長，於2008年12月至2009年12月擔任香港華人

會計師公會副會長並於2009年12月至2010年12月擔任會長，於2010年5月起擔任香港大律師紀律審裁團

成員，於2010年7月至2015年7月擔任香港財經事務及庫務局財務匯報檢討委員會成員，於2011年8月至

2013年7月及2015年8月至今擔任香港商務及經濟發展局局長委任的創意智優計劃審核委員會的成員，

於2013年1月起擔任香港浸會大學校董會成員，於2014年4月起擔任香港上訴委員會（房屋）成員，及於

2016年12月起擔任香港會計師公會會長。

陳女士於2000年11月取得香港科技大學（中國香港）工商管理碩士學位。彼自1996年11月起一直為英國

特許公認會計師公會之會員，自1997年1月起一直為香港會計師公會認可的註冊會計師及香港會計師公

會之會員，自2002年12月起一直為香港華人會計師公會之會員，並自2008年2月起一直為英格蘭和韋爾

斯特許會計師公會會員。

監事

趙麗娟女士，54歲，於2016年6月獲委任為本行股東監事、監事長，且自2007年11月起擔任本行工會主

席。彼於1996年8月加入本行，並於1996年8月至2016年6月先後擔任本行五裡堡支行副行長、行長、金

海大道支行行長、本行副行長。加入本行之前，彼於1984年12月至1996年8月先後擔任鄭州市五裡堡城

市信用社會計員、會計科長。

趙女士於2004年6月畢業於中國人民解放軍空軍後勤管理學院（中國江蘇）財務管理專業，並於2008年3月

取得中國人民大學（中國北京）財政金融學院工商管理碩士課程金融方向高級研修班結業證書。彼自2009

年1月起一直為河南省企業思想政治工作人員高級專業職務任職資格評審委員會認可的高級政工師，自

2001年11月起一直為中華人民共和國人事部認可的經濟師。

朱志暉先生，47歲，於2015年6月獲委任為本行股東監事。彼於1987年6月至1993年3月擔任河南省輕工

經濟技術進出口公司副總經理，於1993年3月至2011年11月擔任鄭州暉達房地產開發有限公司總經理，

於1998年5月至2014年12月擔任鄭州暉達實業（集團）有限公司董事長，於2005年12月起任河南國原貿易

有限公司董事長，於2011年11月起任鄭州暉達房地產開發有限公司董事長。

75鄭州銀行股份有限公司

第七章 董事、監事、高級管理人員、員工及機構情況（續）

朱先生於1996年12月畢業於中共河南省委黨校（中國河南）經濟管理專業（函授），並於2010年4月取得北

京大學（中國北京）經營方略高級研修班結業證書。

孟君女士，45歲，於2012年2月獲委任為本行股東監事。彼自1996年6月至2013年6月歷任河南正弘置業

有限公司總裁助理、財務總監、副總經理，於2013年7月起任河南正弘置業有限公司副總裁。

孟女士於1992年12月畢業於河南財經學院（中國河南）會計專業，於2007年1月畢業於中南大學（中國湖

南）會計學專業（網絡教育），並於2016年8月取得中歐國際工商學院（中國上海）工商管理碩士學位。彼自

2010年1月起一直為國際財務管理協會認可的高級國際財務管理師，自2004年5月起一直為中華人民共和

國財政部認可的中級會計師，且自2012年7月至2015年7月為中國註冊理財規劃師協會認可的註冊理財規

劃師。

湯雲為先生，72歲，於2012年2月獲委任為本行外部監事。彼自1998年10月起擔任中華人民共和國財

政部會計準則委員會委員，自2007年1月至2009年1月擔任中國註冊會計師協會審計準則委員會委員。

彼於2009年6月至2015年6月擔任中國平安保險（集團）股份有限公司（於香港聯交所上市，股票代號：

02318；於上海證券交易所上市，股票代號：601318）獨立非執行董事，於2009年8月至2012年9月擔任

東港股份有限公司（於深圳證券交易所上市，股票代號：002117）獨立董事，於2010年8月至2014年3月

擔任江蘇中南建設集團股份有限公司（於深圳證券交易所上市，股票代號：000961）獨立董事，於2011年

11月至2014年11月擔任上海百潤香精香料股份有限公司（於深圳證券交易所上市，股票代號：002568）

獨立董事，並自2014年10月起擔任中國建材股份有限公司（於香港聯交所上市，股票代號：03323）獨立

非執行董事。此前，彼於2002年8月至2012年7月擔任上海市會計學會法定代表人，於2002年1月至2006

年12月於安永大華會計師事務所擔任合夥人。彼於1984年至1991年3月先後擔任上海財經大學副教授、

教授，於1991年3月至1993年9月於上海財經大學擔任副校長（主持工作），並於1993年10月至1999年1

月擔任上海財經大學校長。彼於2001年7月榮膺英國公認會計師公會名譽會員，並於1991年1月被國家教

委、人事部評為在社會主義現代化建設中突出貢獻的回國留學人員。

湯先生於1968年7月畢業於上海財經學院（中國上海）會計專業，於1983年11月畢業於上海財經大學（中國

上海）會計專業及取得經濟學碩士學位，並於1988年1月取得上海財經大學（中國上海）經濟學博士學位。

76 2016年度報告

第七章 董事、監事、高級管理人員、員工及機構情況（續）

劉煜輝先生，46歲，於2011年6月獲委任為本行外部監事。彼於2010年3月起擔任杭州銀行股份有限

公司（於上海證券交易所上市，股票代號：600926）獨立董事，於2011年12月起擔任中國社會科學院

金融研究所研究員，於2014年4月起擔任江蘇銀行股份有限公司（於上海證券交易所上市，股票代號：

600919）獨立董事，於2015年1月起擔任中原大地傳媒股份有限公司（於深圳證券交易所上市，股票代

號：000719）獨立董事，於2015年6月起擔任深圳鍵橋通訊技術股份有限公司（於深圳證券交易所上市，

股票代號：002316）獨立董事，於2016年9月起擔任天風證券股份有限公司首席經濟學家。此前，彼自

2003年8月起歷任中國社科院金融研究所博士後研究員、香港金融管理局高級訪問學者、中國經濟評價

中心主任、金融重點實驗室主任、中國社會科學院研究生院和南開大學教授及博士生導師、廣發證券股

份有限公司首席經濟學家。

劉先生於2003年6月取得中國社會科學院研究生院（中國北京）經濟學博士學位。

徐長生先生，53歲，於2016年6月獲委任為本行外部監事。彼於1987年7月擔任華中科技大學經濟學院

教師，於1994年至1999年擔任華中科技大學經濟學院副院長，於1997年9月起擔任華中科技大學經濟學

院教授，並於2000年1月至2015年1月任華中科技大學經濟學院院長。彼於2013年5月起擔任國電長源電

力股份有限公司（於深圳證券交易所上市，股票代號：000966）獨立董事，於2015年6月起擔任上海証大

房地產有限公司（於香港聯交所上市，股票代號：0755）獨立非執行董事，於2015年9月起擔任凱迪生態

環境科技股份有限公司（於深圳證券交易所上市，股票代號：000939）獨立董事，於2015年12月起擔任中

原信託有限公司獨立董事。

徐先生於1984年7月畢業於南京大學（中國江蘇）政治經濟學專業及取得經濟學學士學位，於1987年7月

畢業於武漢大學（中國湖北）西方經濟學專業及取得經濟學碩士學位，並於1992年7月取得武漢大學（中國

湖北）經濟學博士學位。彼於2002年1月至2002年4月在美國哈佛大學做訪問學者。

段萍女士，50歲，於2012年2月獲委任為本行職工監事，且於2015年5月獲委任為本行紀委監察室主

任。彼於1996年8月加入本行，並於1996年8月至2015年5月先後擔任五裡堡支行職員、黨辦職員、計劃

處職員、計劃資金部職員、人力資源部職員、黨群工作部總經理、洛陽分行副行長。此前，彼於1995年

4月至1996年8月擔任鄭州市五裡堡城市信用社職員。

段女士於1987年9月畢業於河南廣播電視大學（中國河南）工業統計專業，並於2003年11月畢業於中央廣

播電視大學（中國北京）金融學專業。彼自2007年2月起一直為河南省企業思想政治工作人員高級專業職

務任職資格評審委員會認可的高級政工師。

77鄭州銀行股份有限公司

第七章 董事、監事、高級管理人員、員工及機構情況（續）

張春閣女士，48歲，於2012年2月獲委任為本行職工監事，且於2014年2月獲委任為本行鄭花路支行行

長。彼於2000年9月加入本行，並於2000年9月至2014年2月先後擔任市場部經理、緯一路支行行長。此

前，彼於1985年3月自2000年9月先後擔任舞鋼市城市信用社主管信貸副主任、副理事長兼主任。

張女士於2000年12月畢業於中共中央黨校函授學院（中國北京）經濟管理專業（函授），並於2010年4月取

得中國人民大學（中國北京）（鄭州銀行）MBA金融方向高級研修班結業證書。彼自1999年11月起一直為河

南省科委認可的經濟師。

崔華瑞女士，49歲，於2015年5月獲委任為本行職工監事，且於2014年7月獲委任為本行總行營業部主

任。彼於2002年2月加入本行，並於2002年2月至2014年7月先後擔任京廣路支行副行長、興華街支行行

長、西區支行行長。此前，彼於1993年2月至2002年1月擔任百瑞信託投資公司營業部職員、經理，並於

1988年9月至1993年1月擔任鄭州市棉紡路糧管所職員。

崔女士於1996年12月畢業於中共中央黨校函授學院（中國北京）涉外經濟專業（函授），於2003年7月取

得澳門科技大學（中國澳門）工商管理碩士學位，並於2008年4月取得堪培拉大學（澳大利亞）專業管理項

目培訓中心銀行╱金融培訓課程結業證書。彼自1998年5月起一直為中華人民共和國財政部認可的會計

師，且自2010年4月起一直為河南省人民政府認可的高級會計師。

高級管理層

有關申學清先生的履歷，請參閱「執行董事」。

夏華先生，49歲，於2011年12月起擔任本行副行長。彼主要負責分管信貸審批部、風險管理部、法律合

規部及資產保全部工作。夏先生擁有近27年銀行業經驗。彼於2011年12月加入本行。在加入本行之前，

彼於2003年9月至2011年12月於中國銀監會河南監管局先後擔任國有銀行監管一處主任科員、副處長，

城市商業銀行監管處副處長、監管調研員職務，於1996年8月至2003年9月於中國人民銀行先後擔任伊川

縣支行副行長，河南省分行農村合作金融管理處副主任科員、主任科員，濟南分行鄭州監管辦事處合作

金融機構處主任科員、農業銀行監管處主任科員，並於1990年7月至1996年7月擔任中國人民銀行洛陽分

行外匯科科員。

78 2016年度報告

第七章 董事、監事、高級管理人員、員工及機構情況（續）

夏先生於1990年7月畢業於北京農業工程大學（中國北京）應用電子技術專業及取得工學學士學位。彼自

1995年6月起一直為中華人民共和國人事部認可的經濟師。

白效鋒先生，49歲，自2008年5月起擔任本行副行長。彼主要負責金融市場部、金融同業部工作。白先

生擁有近26年銀行業經驗。彼於2008年5月加入本行。在加入本行之前，彼於2003年9月至2008年3月於

廣東發展銀行股份有限公司（現稱為廣發銀行股份有限公司）鄭州分行先後擔任分行辦公室經理、授信管

理部經理、文化路支行行長助理、金水路支行副行長、支行行長，於1998年3月至2003年9月在中國人民

銀行先後擔任鄭州分行上街區支行副行長、新鄭市支行副行長、濟南分行鄭州金融監管辦事處政策性銀

行監管處主任科員，於1997年11月至1998年3月擔任三門峽市城市信用聯社籌備組副組長職務，於1991

年6月至1997年11月歷任中國人民銀行陝縣支行計劃科科長、河南省三門峽市分行政教科副科長、金融

管理科副科長職務。

白先生於1989年6月畢業於鄭州大學（中國河南）經濟學專業及取得經濟學學士學位，並於2000年12月取

得湖南大學（中國湖南）工商管理碩士學位。彼自1994年4月起一直為中華人民共和國人事部認可的經濟

師。

郭志彬先生，48歲，自2015年12月起擔任本行副行長。彼主要負責分管本行公司業務部及貿易融資部工

作。郭先生擁有逾18年銀行業經驗。彼於自2010年12月至2015年12月擔任本行行長助理。在此之前，

彼於2006年3月至2010年12月擔任興業銀行股份有限公司鄭州分行黃河路支行行長，於1999年6月至

2006年3月歷任光大銀行股份有限公司鄭州分行紅專路支行行長助理、支行副行長、鄭州分行公司業務

二部副總經理、資產保全部總經理，於1997年10月至1999年5月於河南豫泰商廈有限公司先後擔任綜合

部經理及副總經理職務，於1996年8月至1997年10月擔任本行證政三街支行辦公室副主任，並於1995年

1月至1996年8月擔任河南省勞動城市信用社辦公室副主任。

郭先生於1995年6月畢業於鄭州大學（中國河南）金融專業，於1999年7月畢業於河南大學（中國河南）國民

經濟學專業研究生課程進修班，並於2004年8月取得亞洲（澳門）國際公開大學（中國澳門）工商管理碩士

學位。彼自1997年11月起一直為中華人民共和國人事部認可的經濟師。

79鄭州銀行股份有限公司

第七章 董事、監事、高級管理人員、員工及機構情況（續）

孫海剛先生，39歲，自2009年10月起擔任本行行長助理。彼主要負責分管運營管理部、科技開發部及行

政管理部工作。孫先生擁有近8年銀行業經驗。彼於2009年10月加入本行，於2009年10月至2013年10月

擔任本行行長助理兼董事會戰略發展部總經理，於2013年10月至2016年4月擔任本行行長助理兼洛陽分

行行長。在加入本行之前，彼於2007年7月至2009年9月在寶山鋼鐵股份有限公司工作。

孫先生於2000年6月畢業於河南大學（中國河南）市場營銷（廣告學）專業及取得文學學士學位，於2004年

7月畢業於河南大學（中國河南）政治經濟學專業及取得經濟學碩士學位，並於2007年6月畢業於上海財經

大學（中國上海）產業經濟學專業及取得經濟學博士學位。彼自2014年12月起一直為中華人民共和國人力

資源和社會保障部認可的高級經濟師。

張文建先生，51歲，自2011年5月起擔任本行行長助理。彼主要負責分管小企業金融事業部、電子銀行

部、零售業務部、信用卡部、網絡金融部及資產管理部工作。張先生擁有逾32年銀行業經驗。彼於1997

年11月加入本行，並於1997年11月至2011年5月先後擔任政六街支行職員、財務會計部副總經理、會

計結算部總經理、公司業務部總經理、南陽分行籌備組成員、南陽分行行長。此前，彼於1985年2月至

1997年11月歷任中國工商銀行股份有限公司金水支行會計科副科長及分理處主任。

張先生於1989年6月畢業於鄭州市職工大學（中國河南）微機應用專業，並於2005年6月畢業於南京政治

學院（中國江蘇）經濟管理學專業，並於2016年6月畢業於南開大學（中國天津）經濟管理學院經濟管理專

業。彼自1995年6月起一直為中華人民共和國人事部認可的經濟師。

毛月珍女士，53歲，自2011年9月起擔任本行總會計師。彼主要負責分管計財部工作。毛女士擁有近24

年財務及會計經驗。彼於1996年8月加入本行，並於1996年8月至2011年10月先後擔任紅旗路支行會計

科科長、紅旗路支行副行長、稽核處副處長、稽核監督部總經理、考評辦主任、計劃資金部總經理、計

財部總經理職務。在加入本行之前，彼於1993年4月至1996年7月擔任河南金育實驗銀行會計部經理，並

於1987年7月至1993年3月在河南金融管理幹部學院任教。

毛女士於1995年7月畢業於河南金融管理幹部學院（中國河南）金融專業。彼自2015年10月起為中華人民

共和國財政部認可的高級會計師。

80 2016年度報告

第七章 董事、監事、高級管理人員、員工及機構情況（續）

傅春喬先生，43歲，自2011年1月起擔任本行董事會辦公室主任，且自2013年6月起擔任本行董事會秘

書。彼主要負責本行董事會辦公室管理工作。傅先生擁有逾20年銀行業經驗。彼於1996年8月加入本

行，並於2000年3月至2011年1月先後擔任本行計劃資金部副經理、副總經理，資金運營部副總經理、總

經理職務。

傅先生1995年6月畢業於河南財經學院（中國河南）貨幣銀行學專業，並於2008年6月取得鄭州大學（中國

河南）法律碩士學位。彼自1999年11月起一直為中華人民共和國人事部認可的經濟師。

姜濤先生，44歲，自2015年12月起擔任本行首席信息官，且自2005年4起擔任本行科技開發部總經理。

姜先生擁有近23年銀行業經驗。彼於1996年8月加入本行，並於1996年8月至2005年4月先後擔任本行科

技處助理工程師、事後監督開發科科長、科技開發部開發科科長、科技開發部副總經理。

姜先生於1994年7月畢業於鄭州大學（中國河南）計算機及應用專業，於2002年9月至2005年7月在中國人

民解放軍信息工程大學（中國河南）計算機工程專業學習並取得碩士學位。

聯席公司秘書

傅春喬先生，為本行的聯席公司秘書之一，並於2015年9月29日獲委任。其履歷請參閱「－高級管理層」。

梁穎嫻小姐，為本行的聯席公司秘書之一，於2015年11月6日獲委任。梁小姐為信永方圓企業服務集團

有限公司的總監。彼擁有逾11年財務、會計及公司秘書工作之經驗。梁小姐持有工商管理學士（會計學）

學位、法律學士學位和國際企業及金融法律碩士學位。梁小姐為香港特許秘書公會資深會員、英國特許

秘書及行政人員公會資深會員、英國特許公認會計師公會資深會員及香港會計師公會會員。

4 董事及監事年度薪酬情況

本行董事、監事及本行薪酬最高五位人士的酬金詳情請見本行年度財務報表附註9、10。

本行董事及監事之薪酬均是根據適用法律、法規及監管規定以及本行相關薪酬政策而釐定。

81鄭州銀行股份有限公司

第七章 董事、監事、高級管理人員、員工及機構情況（續）

5 高級管理層薪酬情況

下表載列截至2016年12月31日止年度按區間劃分支付予高級管理人員（不包括董事）的薪酬：

薪酬區 人數

零至人民幣1,000,000元 0

人民幣1,000,001元至人民幣2,000,000元 1

人民幣2,000,001元至人民幣3,000,000元 8

6 獨立非執行董事的獨立性確認

本行已收訖每位獨立非執行董事根據上市規則規定就其獨立性所發出的年度確認函，並認為所有獨立非

執行董事均符合《上市規則》第3.13條所載的相關指引，屬於獨立人士。

本行獨立非執行董事在本行不具有業務和財務利益，也不擔任本行任何管理職務，本行所有現任獨立非

執行董事均通過選舉產生，任期為3年，3年任期滿，可以連選連任3年。

7 報告期內H股增值權激勵計劃

報告期內本行並未採納任何H股增值權激勵計劃。

82 2016年度報告

第七章 董事、監事、高級管理人員、員工及機構情況（續）

8 員工情況

8.1 人員構成

按部門╱職能劃分

員工人數 佔比

財務及會計 1,360 36%

對公對私 231 6%

風險管理、內部稽核及法律合規 149 4%

零售銀行 435 12%

企業銀行 439 12%

信息技術 83 2%

業務管理及支持 1,020 27%

資金業務 56 1%

總計 3,773 100%

按年齡劃分

員工人數 佔比

30歲以下 2,195 58%

31歲至40歲 767 20%

41歲至50歲 728 19%

50歲以上 83 2%

總計 3,773 100%

83鄭州銀行股份有限公司

第七章 董事、監事、高級管理人員、員工及機構情況（續）

按教育水平劃分

員工人數 佔比

碩士及以上 467 12%

本科 2,693 71%

大專 522 14%

其他 91 2%

總計 3,773 100%

8.2 員工培訓計劃

本行根據發展戰略和教育培訓規劃，制定年度培訓計劃，並據此開展各項培訓工作，為培訓工作提

供保證，為員工專業能力提升、職業成長提供支持。報告期內，本行整合總分支三級培訓資源，組

織開展新業務、新系統、新產品集中培訓、中高層能力提升培訓、專業人員培訓、基層員工培訓及

新員工培訓等培訓項目，認真抓好移動培訓平台建設和內部講師隊伍建設，全年共組織各類業務條

線的集中培訓132場，培訓員工15,875人次。

8.3 員工薪酬政策

本行已設立以績效為基礎的薪酬制度，員工的薪酬依據職位及績效考核確定。本行根據適用中國法

律、規則及法規向員工的社會保險供款、提供住房公積金以及若干其他員工福利。

84 2016年度報告

第七章 董事、監事、高級管理人員、員工及機構情況（續）

9 本行下屬機構基本情況

截至2016年12月31日本行分支機構情況見下表：

區域劃分 機構名稱 營業地址（中國） 備註

河南鄭州 總行 河南省鄭州市鄭東新區商務外環路

22號

下轄鄭州地區111家對外

營業分支機構及省內地

市31家對外營業機構

河南南陽 南陽分行 河南省南陽市宛城區仲景路與

范蠡路交叉口

下轄8家對外營業機構

河南新鄉 新鄉分行 河南省新鄉市向陽路278號 下轄7家對外營業機構

河南洛陽 洛陽分行 河南省洛陽市洛龍區關林路與

厚載門街交叉口隆安大廈

下轄4家對外營業機構

河南安陽 安陽分行 河南省安陽市安東新區中華路與

德隆街交叉口義烏國際商貿城

下轄4家對外營業機構

河南商丘 商丘分行 河南省商丘市梁園區文化路北中州路

東四季港灣A2B樓

下轄3家對外營業機構

河南許昌 許昌分行 河南省許昌市魏都區蓮城大道與魏文

路交叉口西南角亨通君成國際大廈

下轄1家對外營業機構

河南漯河 漯河分行 河南省漯河市郾城區嵩山西支路與牡

丹江路交叉口昌建國際1–5層

下轄1家對外營業機構

河南信陽 信陽分行 河南省信陽市羊山新區新七大道與

新八街交叉口中樂百花公館1–2層

下轄1家對外營業機構

河南濮陽 濮陽分行 河南省濮陽市華龍區人民路與

開州路交叉口西北角

下轄1家對外營業機構

河南平頂山 平頂山分行 河南省平頂山市湛河區開源路與

輕工路交叉口東南角

下轄1家對外營業機構

河南鄭州 小企業金融

服務中心

河南省鄭州市鄭東新區商務外環路

22號鄭州銀行大廈24樓

85鄭州銀行股份有限公司

第八章 企業管治報告

1 公司組織架構圖

股東大會

董事會

委員會

薪酬與考核委員會

風險管理委員會

提名委員會

委員會

客戶經理管理委員會

授信 委員會

投資銀行業務 委員會

招投標委員會

管理委員會

風險管理委員會

委員會

推進委員會

高級管理層

提名委員會

公司業務部

貿易融資部

金融市場部

金融同業部

資產管理部

零售業務部

小企業金融事業部

電子銀行部

信用卡部

網絡金融部

信貸審批部

風險管理部

運營管理部

計財部

法律合規部

資產保全部

科技開發部

辦公室

行政管理部

人力資源部

安全保衛部

總行營業部

機構發展部

黨群工作部

紀委監察室

董事會辦公室

董事會薪酬與考核

董事會風險管理

董事會內審辦公室

支行

地市分行

董事會 發展部

二級支行

地市支行

股權投資管理部

1 根據本行業務發展需要，參照外聘諮詢機構的諮詢建議，經本行2017年1月19日召開的董事會會議審議通過，決定將貿易

融資部更名為交易銀行一部，新設交易銀行二部，將金融同業部內設的投行業務中心升格為投資銀行部，並將小企業金融

服務中心作為分行級經營機構單獨管理。

86 2016年度報告

第八章 企業管治報告（續）

2 企業管治情況概述

本行一直致力於高水平的企業管治，依照境內外公司治理要求，建立了較為完善的企業管治體系，股東

大會、董事會、監事會、高級管理層職責明確、獨立運作、有效制衡，從而確保各方能夠高效協作、科

學決策，充分保障股東的權益及提升企業價值。

本行建立起了完善的公司治理制度體系，並根據上市規則和監管規定進行不時的修訂。相關規範性文件

包括（但不限於）：公司章程、股東大會議事規則、董事會議事規則、監事會議事規則、獨立董事管理

辦法、董事會戰略發展委員會工作細則、董事會風險管理委員會工作細則、董事會關聯交易控制委員會

工作細則、董事會審計委員會工作細則、董事會提名委員會工作細則、董事會薪酬與考核委員會工作細

則、行長工作細則、關聯交易管理辦法、信息披露管理辦法、投資者關係管理辦法等。

報告期內，本行進一步規範董監事會架構、及時增補部分董監事、加深董監事專業構成多元化；增強董

事會專門委員會專業指導作用，提高會議頻率、提升履職效能；豐富監事會監督手段，綜合運用定期現

場會議、調研考察、列席行內重要會議等方式，不斷加強監督作用；加大獨立董事、外部監事業務調研

力度，有效發揮銀行外部專家的專業特長和監督作用。通過不斷完善公司治理各項制度和工作機制，本

行公司治理的規範性和有效性持續提升。

報告期內，本行嚴格遵守上市規則附錄十四《企業管治守則》（「企業管治守則」）所載的守則條文及有關內

幕消息披露的上市規則，董事並無得悉任何資料，顯示本行於報告期內不遵守企業管治守則所載的守則

條文。

本行將會不斷檢討及加強企業管治，以確保本行企業管治繼續符合企業管治守則的規定及達至股東及投

資者之更高期望。

87鄭州銀行股份有限公司

第八章 企業管治報告（續）

董事會多元化政策

本行相信董事會成員多元化將對提升本行的表現裨益良多。本行視董事會層面日益多元化為實現可持續

發展並支持其達到戰略目標及維持良好公司治理水平的關鍵因素。

本行在設定董事會成員組合時會從多個方面考慮董事會成員多元化，包括（但不限於）性別、區域和行業

經驗、技能、知識及教育背景。董事會所有委任均以用人唯才為原則，並在考慮人選時以客觀條件充分

顧及董事會成員多元化的裨益。

甄選董事會人選將按一系列多元化範疇為基準，包括但不限於性別、區域和行業經驗、技能、知識及教

育背景。

本行提名委員會將每年在《企業管治報告》中披露董事會在多元化層面的組成，並監察本政策的執行。

提名委員會將在適當時候檢討本政策，以確保本政策行之有效。提名委員會將會討論任何或需作出的修

訂，再向董事會提出修訂建議，由董事會審批。

3 股東大會

2016年本行共召開2次股東大會，情況如下：

2016年6月17日，本行於河南鄭州召開2015年度股東大會，主要審議通過了2015年度董事會工作報告、

2015年度監事會工作報告、2016年度預算方案、2015年度利潤分配方案、修訂公司章程、發行綠色金

融債券、選舉董事、監事、採納董監事薪酬績效管理辦法等15項議案。

2016年9月27日，本行於河南鄭州召開2016年度第1次臨時股東大會，會議審議通過了與A股上市及調整

二級資本債發行規模等相關的14項議案。

上述股東大會的召集、通知、召開、表決程序均符合相關法律法規和本行章程的相關規定。

88 2016年度報告

第八章 企業管治報告（續）

4 董事會

本行董事會每年至少召開4次定期會議，必要時安排召開臨時會議。董事會會議採取現場會議方式或通訊

方式召開。本行按照上市規則有關企業管治的要求及公司章程的規定，會議通知及會議材料分別至少於

會議前10天和3天發送給各董事。董事均可以提出議案列入董事會會議議程。董事會會議備有詳細記錄，

會議記錄在會議結束後提供給全體與會董事審閱，提出修改意見後由全體董事簽字確認。本行董事會、

董事與高級管理層之間建立了良好的溝通、匯報機制。高級管理層適時向董事會及各專門委員會提供足

夠信息以便作出決定。全體董事均可尋求獨立專業意見，費用由本行支付。本行行長定期向董事會匯報

工作並接受監督。有關高級管理人員不時獲邀出席董事會及董事會專門委員會會議，進行解釋或答覆詢

問。在董事會會議上，董事可自由發表意見，重要決定須進行詳細討論後才能作出。

董事會下設辦公室，作為董事會的辦事機構，負責股東大會、董事會、董事會各專門委員會會議的籌

備、信息披露、投資者關係管理及其他日常事務。

董事會是本行的決策機構，對股東大會負責，執行股東大會決議，董事會主要行使以下職權：

• 召集股東大會會議，並向大會報告工作；

• 執行股東大會的決議；

• 決定本行的經營發展戰略、經營計劃和投資方案，其中，經營發展戰略包括綠色信貸相關戰略；

• 制訂本行的年度財務預算方案、決算方案、利潤分配方案和彌補虧損方案；

• 制訂本行增加或減少註冊資本、發行債券或其他證券及上市方案；

• 制訂本行重大收購、購回本行股票或合併、分立、解散或者變更公司形式的方案；

• 在股東大會授權範圍內，決定本行對外投資、收購出售資產、資產抵押、對外擔保事項、委託理財

等事項；

89鄭州銀行股份有限公司

第八章 企業管治報告（續）

• 審議批准法律、行政法規、部門規章規範性文件、公司股票上市地證券監督管理機構的相關規定應

當由董事會審議批准的關聯交易；

• 決定本行內部管理機構的設置；

• 聘任或解聘本行行長、董事會秘書；根據行長的提名，決定聘任或解聘本行副行長、行長助理、財

務負責人等高級管理人員，並決定其報酬和獎懲事項；

• 制定本行的基本管理制度，決定本行的風險管理、內部控制及合規政策；

• 制訂本章程、股東大會議事規則、董事會議事規則的修訂案的修改方案；

• 向股東大會提請聘用、解聘或者不再續聘會計師事務所；

• 監督高級管理層的履職情況，聽取本行行長的工作匯報並檢查行長的工作；

• 管理本行信息披露事項，並對本行的會計和財務報告體系的完整性、準確性承擔最終責任；

• 負責審議超出董事會給高級管理層授權的開支限額的任何重大資本開支、合同和承諾；及

• 法律、行政法規、部門規章或本章程規定，以及股東大會賦予的其他職權。

4.1 董事會成員

截至報告期末，本行董事會共有董事14名。其中包括執行董事3名，分別為：王天宇（董事長）、申

學清（行長）、馮濤（副董事長）；非執行董事6名，分別為：樊玉濤、張敬國、馬金偉、梁嵩巍、姬

宏俊、于章林；獨立非執行董事5名，分別為：王世豪、李懷珍、謝太峰、吳革、陳美寶。

90 2016年度報告

第八章 企業管治報告（續）

4.2 報告期內及報告期後董事會成員的變動

有關董事變動情況，請參閱本年度報告「董事、監事、高級管理人員、員工及機構情況」章節。

4.3 董事長及行長

本行董事長、行長的角色及工作由不同人士擔任，各自職責界定清晰，符合上市規則的建議。

王天宇先生為本行董事長，主要負責主持股東大會和召集、主持董事會會議；督促、檢查董事會決

議的執行；簽署董事會重要文件和其他應由本行法定代表人簽署的文件；向董事會提出本行董事會

各專門委員會委員、董事會秘書等人選等。

申學清先生為本行行長，負責主持本行的經營管理工作，組織實施董事會決議，並向董事會報告工

作。

4.4 董事責任

報告期內，本行董事均能夠謹慎、認真、勤勉的依照有關法律法規、本行《公司章程》等規定和要

求，認真出席相關會議，按照規定程序對本行董事會運作，對董事會中的各項議案有效行使董事權

力，進行認真審議和表決，並積極負責的發表意見和提出建議，促進了本行健康穩定持續發展，圓

滿完成了董事會的工作任務和目標。在正確行使董事權力的同時，也很好地履行了董事的義務，從

而充分保護了股東的各項權利。

本行獨立非執行董事在董事會審計委員會、提名委員會、薪酬與考核委員會、風險管理委員會、關

聯交易控制委員會充分發揮各自的專業優勢，嚴格按照職責權限開展專門委員會工作，有效指導專

門委員會常設機構開展工作，對本行戰略發展、資本補充、重大投資、薪酬機制建設、設立分支機

構等充分發表意見，形成專業意見。

本行監事會對董事報告期內履行職務情況進行評價，並將評價結果報告股東大會。

91鄭州銀行股份有限公司

第八章 企業管治報告（續）

4.5 董事會會議召開情況及董事出席董事會情況

2016年，本行共召開11次董事會，審議了包括董事會年度工作報告、財務預算報告、年度利潤分

配方案、首次公開發行A股的一籃子議案、修訂公司章程及股東大會議事規則、股東股權質押等85

項重大議案。

會議召開情況

會議屆次 召開日期 召開方式

第五屆董事會第五次會議 2016年3月26日 現場會議

第五屆董事會第六次會議 2016年5月28日 現場會議

第五屆董事會第七次會議 2016年8月27日 現場會議

第五屆董事會第八次會議 2016年11月26日 現場會議

第五屆董事會2016年度第一次臨時會議 2016年4月25日 通訊會議

第五屆董事會2016年度第二次臨時會議 2016年6月17日 現場會議

第五屆董事會2016年度第三次臨時會議 2016年6月28日 通訊會議

第五屆董事會2016年度第四次臨時會議 2016年7月16日 現場會議

第五屆董事會2016年度第五次臨時會議 2016年9月27日 現場會議

第五屆董事會2016年度第六次臨時會議 2016年12月2日 通訊會議

第五屆董事會2016年度第七次臨時會議 2016年12月14日 通訊會議

92 2016年度報告

第八章 企業管治報告（續）

董事參加會議情況

董事會專門委員會

董事

2015年度

股東大會

2016年度

第1次臨時

股東大會 董事會

戰略發展

委員會

風險管理

委員會

關聯交易控制

委員會

審計

委員會

提名

委員會

薪酬與考核

委員會

實際出席次數╱應出席次數（4）

執行董事 王天宇 ✓ 10/11(1) 2/2

申學清 ✓ 9/11(1) 2/2

馮 濤(3) ✓ 5/5(2) 0/2(5)

非執行董事 樊玉濤 ✓ ✓ 11/11 4/4

張敬國 ✓ 10/11(1) 4/4

馬金偉 ✓ ✓ 10/11(1) 2/4(7) 4/10(7）

梁嵩巍 7/11(1) 4/4

姬宏俊 ✓ ✓ 11/11 4/4

于章林(3) ✓ 4/5(1)(2) 6/10(6)

獨立非執行董事 王世豪 9/11(1) 4/4 4/4

李懷珍 9/11(1) 4/4

謝太峰 ✓ 11/11 10/10 4/4

吳 革 10/11(1) 10/10 4/4

陳美寶 ✓ 11/11 4/4 4/4

附註：

(1) 實際出席次數少於應出席次數情況，為董事未親自出席，但委託其他董事代為出席。

(2) 馮濤、于章林2位董事，其任職資格於2016年8月4日經中國銀監會河南監管局審核批准，並開始履行董事職權。於

此日期後，應出席董事會為5次。

(3) 馮濤、于章林2位董事於2015年度股東大會召開時，獲選任為本行董事，其任職資格彼時尚未被審核批准。其他未

出席股東大會的董事均因個人事務安排無法參會。

(4) 各專門委員會會議董事應出席次數為全年召開會議次數，實際出席次數為當屆董事會專門委員會董事實際出席次

數。

93鄭州銀行股份有限公司

第八章 企業管治報告（續）

(5) 戰略發展委員會報告期內共召開2次會議，彼時馮濤因任職資格尚未獲批而未開始履職。

(6) 報告期內，于章林於2016年6月17日召開的本行2016年第2次臨時董事會會議獲選任為董事會關聯交易控制委員會

委員，並於彼董事任職資格於2016年8月4日獲批後開始履職，應出席董事會關聯交易控制委員會會議6次，實際出

席6次。

(7) 報告期內，馬金偉於2016年3月26日召開的本行第五屆董事會第五次會議獲選任為董事會風險管理委員會委員，獲

選任後彼應出席董事會風險管理委員會委員2次，實際出席2次。同時彼於于章林獲選任為董事會關聯交易控制委員

會委員並開始履職前一直為董事會關聯交易控制委員會委員，應出席董事會關聯交易控制委員會4次，實際出席4

次。

4.6 獨立非執行董事履行職責情況

本行董事會現有獨立非執行董事5名，獨立非執行董事資格、人數和比例符合中國銀監會、中國證

監會和上市規則的有關規定。本行5名獨立非執行董事均不涉及上市規則第3.13條中所述會令獨立

性受質疑的因素。獨立非執行董事在本行董事會風險管理委員會、關聯交易控制委員會、審計委員

會、提名委員會、薪酬與考核委員會均佔多數並擔任主任委員。

報告期內，本行獨立非執行董事通過參加會議、座談、培訓等多種方式保持與本行的溝通，認真參

加董事會及各專門委員會會議，積極發表意見，注重維護存款人和中小股東權益，充分發揮了獨立

非執行董事作用。

報告期內，本行獨立非執行董事對本行利潤分配、信息披露、聘任會計師事務所、重大關聯交易等

重大事項發表了獨立意見，未對本行本年度的董事會議案及其他非董事會議案事項提出異議。

5 董事會專門委員會

本行董事會根據相關中國法律、法規、本行公司章程及上市規則成立了6個專門委員會，即戰略發展委員

會、風險管理委員會、關聯交易控制委員會、審計委員會、提名委員會、薪酬與考核委員會。

報告期內，本行董事會專門委員會依法獨立、規範、有效行使職權，全年共召開會議28次，審議通過了

49項重要議案，有效提升了董事會公司治理水平、提高了工作效率，保障了本行各項業務的穩定健康發

展。

94 2016年度報告

第八章 企業管治報告（續）

5.1 戰略發展委員會

本行戰略發展委員會現由三名執行董事組成。三名執行董事分別為王天宇先生、申學清先生、馮濤

先生，執行董事王天宇先生擔任主任委員。

戰略發展委員會主要職責包括：

• 負責制定本行經營管理目標和長期發展戰略；

• 監督、檢查年度經營計劃、投資方案的執行情況；

• 定期與高級管理層及部門負責人交流本行的經營和風險狀況，並提出意見和建議；及

• 董事會授權的其他事項。

報告期內，戰略與發展委員會共召開了2次會議，著重研究本行消費金融公司和村鎮銀行的規劃與

籌建，持續推進本行綜合化經營的腳步，先後審議通過了發起設立九鼎消費金融有限公司和設立確

山、浚縣鄭銀村鎮銀行等本行重要戰略發展議案。

5.2 風險管理委員會

本行風險管理委員會由兩名非執行董事及一名獨立非執行董事組成。兩名非執行董事分別為梁嵩巍

先生、馬金偉先生，獨立非執行董事王世豪先生擔任主任委員。

風險管理委員會主要職責包括：

• 負責本行風險的控制、管理、監督和評估；

• 審議本行風險控制的原則、目標和政策，報董事會審議批准；

• 審定本行風險管理措施，審議本行有關風險管理事項；

• 討論需報經董事會審議的風險管理重大事項；

95鄭州銀行股份有限公司

第八章 企業管治報告（續）

• 對本行高級管理層在各類風險方面的管理情況進行檢查、監督；

• 對本行風險政策、管理狀況及風險承受能力進行調研和定期評估，並向董事會報告；

• 提出完善本行風險管理和內部控制的建議；

• 提出本行授權管理方案，報董事會批准；

• 承擔本行反洗錢工作職責，根據董事會授權組織指導反洗錢工作，對董事會負責；對本行反

洗錢工作領導小組進行監督和指導；討論反洗錢工作重要事項，審議反洗錢工作報告；對反

洗錢重大事項或敏感事項具有決策、處理的權限和責任；

• 承擔本行合規管理職責，根據董事會授權組織指導案防工作，對董事會負責；

• 制定案防工作總體政策，推動案防管理體系建設；明確高級管理層人員有關案防職責及權

限，確保高級管理層人員採取必要措施有效監測、預警和處置案件風險；提出案防工作整體

要求，審議案防工作報告；考核評估本行案防工作有效性；確保內審部門對案防工作進行有

效審查和監督；

• 與管理層討論風險管理與內部監控系統，確保管理層已履行職責建立有效的系統，討論內容

應包括本行在會計、內部審核及財務匯報職能方面的資源、員工資歷及經驗是否足夠，以及

員工所接受的培訓課程及有關預算是否充足；及

• 主動或應董事會的委派，就有關風險管理與內部監控事宜的重要調查結果及管理層對調查結

果的響應進行研究。

報告期內，風險管理委員會共召開4次會議，審議通過了董事會年度授權、年度全面風險管理報

告、年度合規管理報告等多項議案。

96 2016年度報告

第八章 企業管治報告（續）

5.3 關聯交易控制委員會

本行關聯交易控制委員會由一名非執行董事及兩名獨立非執行董事組成。一名非執行董事為于章林

先生，兩名獨立非執行董事分別為吳革先生、謝太峰先生，由獨立非執行董事吳革先生擔任主任委

員。

關聯交易控制委員會主要職責包括：

• 負責關聯交易的管理、審查和董事會授權範圍內的批准，控制關聯交易風險；

• 制訂本行有關關聯交易的規章及管理制度；

• 確認本行的關聯方名單、信息，向董事會和監事會報告，及時向本行相關工作人員公佈其所

確認的關聯方；

• 接受一般關聯交易的備案；

• 檢查、監督本行的關聯交易的控制情況，及本行董事、高級管理人員、關聯人執行本行關聯

交易控制制度的情況，並向董事會匯報；

• 審查重大關聯交易後，提交董事會批准，並在董事會批准之日起十日內報告監事會，同時報

告銀行業監督管理機構；將與本行董事、高級管理人員有關聯關係的關聯交易在批准之日起

十個工作日內報告監事會；及

• 法律、行政法規、部門規章、規範性文件、上市規則、本行章程、本行關聯交易管理辦法以

及董事會授權的其他事項。

報告期內，關聯交易控制委員會共召開了10次會議，對與符合相關政策規定的關聯方開展業務合

作的多項議案進行了審議。

97鄭州銀行股份有限公司

第八章 企業管治報告（續）

5.4 審計委員會

本行審計委員會由一名非執行董事及兩名獨立非執行董事組成。一名非執行董事為姬宏俊先生，兩

名獨立非執行董事分別為謝太峰先生、陳美寶女士，由獨立非執行董事謝太峰先生擔任主任委員。

審計委員會的主要職責包括：

• 負責檢查本行風險及合規狀況、內部控制管理制度、會計政策、審計基本管理制度、財務報

告程序和財務狀況，審核本行的財務信息，包括財務報表以及年度報告及賬目、半年度報告

及（若擬刊發）季度報告的完整性，並審閱報表及報告所載有關財務申報的重大意見。委員會

在向董事會提交有關報表及報告前，應特別針對下列事項加以審閱：

• 會計政策及實務的任何更改；

• 涉及重要判斷的地方；

• 因審計而出現的重大調整；

• 企業持續經營的假設及任何保留意見；

• 是否遵守會計準則；及

• 是否遵守有關財務申報的上市規則及法律規定。

• 就上述事宜，委員會應與董事會及高級管理層人員聯絡，並至少每年與本行外部審計師開會

兩次。委員會亦應考慮於上述報告及賬目中所反映或需反映的任何重大或不尋常事項，並應

適當考慮任何由本行屬下會計及財務匯報職員、監察主任（如有）或外部審計師提出的事項；

98 2016年度報告

第八章 企業管治報告（續）

• 與外部審計機構的關係：

• 向董事會提議聘請、續聘或更換外部審計機構，審核外部審計機構的費用及聘用條

款，及處理任何有關該外部審計機構辭職或辭退該外部審計機構的問題；

• 按適用的標準檢查及監督外部審計機構是否獨立客觀及審計程序是否有效；審計委員

會應於審計工作開始前先與外部審計機構討論審計性質及範疇及有關申報責任；

• 就外部審計機構提供非審計服務制定政策，並予以執行；

• 檢查外部審計機構給予管理層的《審核情況說明函件》、審計機構就會計記錄、財務賬

目或監控系統向管理層提出的任何重大疑問及管理層作出的回應；

• 確保董事會及時回應於外部審計機構給予管理層的《審核情況說明函件》中提出的事

宜；及

• 擔任本行與外部審計機構之間的主要代表，負責監督二者之間的關係，並負責內部審

計與外部審計之間的溝通，確保內部和外部審計機構的工作得到協調。

• 負責本行年度審計工作，並負責督促高級管理層整改審計發現問題及落實審計建議；

• 負責審查批准本行內部審計制度並監督實施，定期對內部審計工作進行審查、評價並向董事

會報告，並確保內審機構有足夠資源運作及適當的地位；以及檢討及監察內審的成效；

• 審查本行財務申報制度、風險管理、內部控制制度及其執行情況：

• 審查、監督本行的財務監控以及（除非有另設的董事會轄下風險委員會又或董事會本身

會明確處理）檢討本行的風險管理及內部控制制度，並審核相關規章制度及其執行情

況，檢查和評估公司重大經營活動的合規性和有效性；

• 與管理層討論風險管理及內部控制系統，持續檢查並監督管理層已履行職責建立有效

的系統。討論內容應包括本行在會計及財務匯報職能方面的資源、員工資歷及經驗是

否足夠，以及員工所接受的培訓課程及有關預算是否充足；

99鄭州銀行股份有限公司

第八章 企業管治報告（續）

• 負責督促審查本行內部控制體系建設，組織對全行內部控制狀況進行自我評價，審查

本行內部控制評價報告；

• 確保本行有適當的安排，以讓僱員可暗中就財務匯報、內部控制或其他方面可能發生

的不正當行為提出關注，並讓本行對此等事宜作出公平獨立的調查及採取適當行動；

及

• 主動或應董事會的委派，就有關風險管理及內部控制事宜的重要調查結果及管理層對

調查結果的回應進行研究。

• 研究其他由董事會界定的課題；及

• 法律、行政法規、部門規章、規範性文件、上市規則、本行章程以及董事會授予的其他事

宜。

報告期內，審計委員會共召開了4次會議，審議通過了董事會審計委員會2015年工作報告及2016

年工作計劃、修訂《內部審計章程》、《董事會審計委員會工作細則》等議案。

5.5 提名委員會

本行提名委員會由一名非執行董事及兩名獨立非執行董事組成。一名非執行董事為樊玉濤先生，兩

名獨立非執行董事分別為吳革先生、陳美寶女士，由獨立非執行董事陳美寶女士擔任主任委員。

提名委員會主要職責包括：

• 根據本行經營管理情況、資產規模和股權結構，每年應對董事會、管理層的架構、人數和構

成（包括技能、知識及經驗方面）進行審視，並就任何為配合本行策略而擬對董事會作出的變

動向董事會提出建議；

• 擬定董事和高級管理層成員的選任標準和程序，並向董事會提出建議；

• 對董事和高級管理層成員人選的任職資格和條件進行初步審核，並向董事會提出建議；

100 2016年度報告

第八章 企業管治報告（續）

• 廣泛搜尋合格的董事和高級管理層成員的人選，以及擬定高級管理人員及關鍵後備人才的培

養計劃，並向董事會提出建議；

• 評核獨立非執行董事的獨立性；

• 就董事委任或重新委任以及董事（尤其是董事長及行長）繼任計劃向董事會提出建議；及

• 法律、行政法規、部門規章、上市規則以及董事會授權的其他事項。

報告期內，提名委員會共召開了4次會議，審議通過了提名于章林先生為董事候選人、提名馬金偉

先生為董事會風險管理委員會委員、提名馮濤先生為董事候選人以及提名委員會2015年工作報告

等議案。

5.6 薪酬與考核委員會

本行薪酬與考核委員會由一名非執行董事及兩名獨立非執行董事組成。一名非執行董事為張敬國先

生，兩名獨立非執行董事分別為王世豪先生、李懷珍先生，由獨立非執行董事李懷珍先生擔任主任

委員。

薪酬與考核委員會主要職責包括：

• 負責審議全行薪酬管理制度和政策；

• 負責研究董事和高級管理層成員考核的標準，進行考核並提出建議；

• 負責對本行董事及高級管理人員的全體薪酬政策及架構，及就設立正規而具透明度的程序制

訂薪酬政策，向董事會提出建議，並負責對本行薪酬制度執行情況進行監督、修訂。薪酬委

員會應就執行董事和高級管理人員的薪酬建議諮詢董事長或行長；

• 因應董事會所訂企業方針及目標而檢討及批准管理層的薪酬建議；

• 向董事會建議個別執行董事及高級管理人員的薪酬待遇；

• 就非執行董事的薪酬向董事會提出建議；

101鄭州銀行股份有限公司

第八章 企業管治報告（續）

• 考慮同類公司支付的薪酬、須付出的時間及職責，提出本行其他職位的僱傭條件；

• 檢討及批准向執行董事及高級管理人員就其喪失或終止職務或委任而須支付的賠償，以確保

該等賠償與合約條款一致；若未能與合約條款一致，賠償亦須公平合理，不致過多；

• 檢討及批准因董事行為失當而解僱或罷免有關董事所涉及的賠償安排，以確保該等安排與合

約條款一致；若未能與合約條款一致，有關賠償亦須合理適當；

• 審查董事及高級管理人員履行職責的情況並對其進行年度績效考評；

• 確保任何董事或其任何聯繫人（定義見上市規則）不得參與釐定自己的薪酬；及

• 法律、行政法規、部門規章、上市規則以及董事會授權的其他事項。

報告期內，薪酬與考核委員會共召開了4次會議，審議通過了本行高管薪酬績效管理辦法、董事會

非執行董事和獨立非執行董事薪酬標準、本行高管績效考核實施細則、薪酬與考核委員會2015年

度工作報告等議案。

5.7 企業管治職能

董事會負責為本行建立健全企業管治常規及程序。於報告期內，董事會已履行了下列職權範圍內工

作：

• 制定及檢討本行的企業管治政策及常規，並提出建議；

• 檢討及監察董事及高級管理層的培訓及持續專業發展；

• 檢討及監察本行在遵守法律及監管規定方面的政策及常規；

• 制定、檢討及監察董事及僱員的操守準則；及

• 檢討本行有否遵守企業管治守則及在企業管治報告內作出披露。

102 2016年度報告

第八章 企業管治報告（續）

6 管理層

管理層是本行的執行機構，對董事會負責，接受監事會的監督。管理層與董事會權限劃分按照本行公司

章程等公司治理文件執行。

本行設行長1名，副行長若干名，由董事會聘任或解聘，行長對董事會負責。本行行長行使下列職權：

• 主持本行的經營管理工作，組織實施董事會決議，並向董事會報告工作；

• 向董事會提交年度經營計劃和投資方案，經董事會批准後組織實施；

• 擬訂本行內部管理機構設置方案；

• 擬訂本行的基本管理制度；

• 制定本行的具體規章；

• 提請董事會決定聘任或解聘本行副行長、行長助理、財務負責人等高級管理人員；

• 決定聘任或解聘除應由董事會決定聘任或解聘以外的本行內部各職能部門、分支機構的負責人，根

據董事會確定的薪酬獎懲方案，決定其工資、福利、獎懲；

• 授權高級管理層成員、內部各職能部門以及分支機構負責人從事經營活動；

• 決定本行職工的的聘任或解聘、工資、福利、獎懲事項；

• 本行發生重大突發事件時，採取緊急措施，並立即向國務院銀行業監督管理機構和董事會、監事會

報告；及

• 適用法律、行政法規、部門規章、規範性文件、有關監管機構和本章程規定，以及董事會授予的其

他職權。

103鄭州銀行股份有限公司

第八章 企業管治報告（續）

7 監事會

監事會是本行監督機構，以維護銀行、股東、員工、存款人及其他利益相關者的合法權益為目的，並有

責任對本行賬務活動、風險管理、內部控制、董事會及董事、高級管理層及其成員的履職評價情況等進

行監督，向股東大會負責。

監事會的組成

本行監事會由9名監事組成，其中股東監事、職工監事和外部監事各3名。本行監事會成員結構合理，具

有足夠的專業性和獨立性，能夠確保監事會有效發揮監督職能。

報告期內，監事會能夠認真履行職責，對本行的董事及高級管理人員履行職責的合法合規性進行監督，

根據需要對執行董事及高級管理人員進行審計，檢查、監督本行的財務活動、風險管理和內部控制，對

不正常的經營情況進行調查等。

監事會的職責及運作方式

本行監事會行使以下職權

• 對董事會編製的本行定期報告進行審核並提出書面審核意見；

• 監督董事會、高級管理層及其成員履職、盡職情況；

• 對董事、董事會及高級管理層進行質詢；

• 根據需要對董事、高級管理層成員進行離任審計；

• 要求董事、高級管理人員糾正其損害本行利益的行為；

• 檢查、監督本行的財務活動；

104 2016年度報告

第八章 企業管治報告（續）

• 根據需要對本行的經營決策、風險管理和內部控制等進行監督審計；

• 對違反法律、行政法規、本行章程或者股東大會決議的董事、高級管理人員提出罷免建議或依法提

起訴訟；

• 提議召開臨時股東大會，在董事會不履行《公司法》規定的召集和主持股東大會會議職責時，召集和

主持股東大會；

• 向股東大會提出提案；

• 提議召開董事會臨時會議；

• 核對董事會擬提交股東大會的財務報告、營業報告和利潤分配方案等財務資料，發現疑問的，或者

發現本行經營情況異常，可以進行調查，必要時可以聘請會計師事務所、律師事務所等專業性機構

協助其工作，費用由本行承擔；

• 提出監事的薪酬（或津貼）安排；及

• 適用法律、行政法規、部門規章、規範性文件和本行章程規定或股東大會授予的其他職權。

本行監事會履行職責的主要方式

定期召開監事會會議，出席股東大會，列席董事會及部分專門委員會會議，列席高級管理層有關會議，

審閱高級管理層上報的各類文件材料，聽取高級管理層工作報告和專項匯報，開展對董事及高級管理層

的年度履職測評，對董事及高級管理層人員進行履職談話，開展執行董事高級管理層人員離任審計，到

分支機構進行工作調研，開展各項專項檢查等等。通過上述工作，對本行經營管理情況、風險管理及內

部控制情況，以及董事及高級管理層人員履職情況進行監督和評價。

報告期內，監事會組織實施了對本行董事會及董事、高級管理層及其成員以及本行監事2015年度履職評

價工作。並向董事會、高級管理層進行了反饋。

105鄭州銀行股份有限公司

第八章 企業管治報告（續）

7.1 監事會情況及監事出席會議情況

報告期內，監事會共召開會議8次，召開監事會提名委員會會議2次，監督委員會會議4次，對公司

的財務狀況、重大授信、內控合規、風險控制、內部審計等情況進行檢查和監督，對公司董事、高

級管理層及高級管理人員履職盡責、合法合規情況進行檢查和監督。

報告期內監事出席監事會會議情況

姓名 應出席次數 親自出席次數 委託出席次數

趙麗娟 5 5 –

湯雲為 8 7 1

劉煜輝 8 6 2

徐長生 5 5 –

孟 君 8 7 1

朱志暉 8 6 2

段 萍 8 8 –

張春閣 8 8 –

崔華瑞 8 8 –

報告期內出席股東大會情況

報告期內，各位監事出席了本行年度股東大會和臨時股東大會，對會議程序及表決過程的依法合規

性進行了現場監督。

報告期內列席董事會和高級管理層會議情況

報告期內監事會列席了本行召開的董事會現場會議，對會議召開的合法合規性、表決過程及董事出

席會議、發言和表決情況進行了監督；監事會派代表列席了高級管理層的有關會議，對高級管理層

執行董事會決議情況，根據公司章程及董事會授權開展經營管理活動情況進行監督。

106 2016年度報告

第八章 企業管治報告（續）

7.2 監事會專門委員會情況

序號 監事會專門委員會 主任委員 委員

1 提名委員會 劉煜輝 朱志暉、段萍

2 監督委員會 湯雲為 孟君、張春閣

監事會提名委員會

提名委員會的主要職責：

• 負責擬訂監事的選任程序和標準，對監事候選人的任職資格進行初步審核，並向監事會提出

建議；對董事的選聘程序進行監督；

• 對董事、監事和高級管理人員履職情況進行綜合評價並向監事會報告；

• 對全行薪酬管理制度和政策及高級管理人員薪酬方案的科學性和合理性進行監督；及

• 監事會授權的其他事項。

2016年，監事會提名委員會共召開2次會議，會議審議通過了《鄭州銀行監事會對董事會2015年度

履職情況評價的報告》、《鄭州銀行監事會對董事及獨立董事2015年度履職情況評價的報告》、審議

《鄭州銀行第五屆監事會提名委員會2017年度工作計劃》等議案。

監事會監督委員會

監督委員會的主要職責：

• 負責擬訂對本行財務活動的監督方案並實施相關檢查；

• 監督董事會確立穩健的經營理念、價值準則和制定符合本行實際的發展戰略；

107鄭州銀行股份有限公司

第八章 企業管治報告（續）

• 對本行經營決策、風險管理和內部控制等進行監督檢查；及

• 監事會授權的其他事項。監事會監督委員會可以開展對本行特定事項的調查，調查結果應當

同時報告監事會和董事會。

報告期內，監事會監督委員會召開4次會議，會議審議通過了《關於鄭州銀行股份有限公司2015年

度利潤分配方案的報告的議案》、《鄭州銀行第五屆監事會監督委員會2017年度工作計劃》等議案。

8 董事、監事、高級管理人員之間的財務、業務、親屬關係

本行董事、監事、高級管理人員之間並不存在任何關係，包括財務、業務、親屬或其他重大關係。

9 報告期內董事及監事培訓調研情況

董事培訓調研情況：

所有董事均參與了由招商證券就A股市場情況及相關法律法規所安排的培訓及講座，由北京市金杜律師事

務所就A股上市前、後董事所負責任及相關法規的培訓及講座。

報告期內，董事會開展了對桂林銀行的調研，本行部分董事參加了調研。

監事培訓調研情況：

報告期內，監事會分別到中牟鄭銀村鎮銀行股份有限公司、九鼎金融租賃公司等鄭州銀行附屬機構進行

調研考察，在考察過程中，監事們與附屬機構負責人和員工進行了深入的溝通和交流。

報告期內，本行職工監事、股東監事及外部監事參加了招商證券和北京市金杜律師事務所就A股上市後公

司治理等開展的培訓活動，更好地了解和掌握了上市公司治理要求。

108 2016年度報告

第八章 企業管治報告（續）

10 上市規則的聯席公司秘書

本行委聘傅春喬先生及信永方圓企業服務集團有限公司的總監梁穎嫻女士擔任聯席公司秘書。梁女士在

本行的主要公司聯繫人為另一位聯席公司秘書傅春喬先生。梁穎嫻女士及傅春喬先生均已遵照上市規則

第3.29條，於截至2016年12月31日止年度接受了不少於十五小時的相關專業培訓。

11 與股東的溝通

投資者關係

本行重視與股東之間的溝通聯繫，積極反饋股東訴求，通過股東大會、路演活動、新聞發佈會等多種形

式，並利用官方網站及郵件、電話等渠道加強與股東接觸，增進彼此間的了解與交流。

投資者如需向董事會查詢可聯繫：鄭州銀行股份有限公司董事會辦公室

地址：中國河南省鄭州市鄭東新區商務外環路22號

電話：+86-371-67009199 傳真：+86-371-67009898

電子郵箱：ir@zzbank.cn

信息披露

本行董事會及高級管理層高度重視信息披露工作，依託良好的公司治理和完善的內部控制為投資者及

時、準確的獲取信息提供保障。

本行按照上市規則、《商業銀行信息披露辦法》等規定，不斷提升信息披露的及時性、準確性和完整性。

報告期內，本行在本行網站提供中英文年報及中期報告的全文下載，同時在本行董事會辦公室及主要營

業網點備置年報及中期報告，供投資者和利益相關者查閱。

109鄭州銀行股份有限公司

第八章 企業管治報告（續）

12 股東權利

12.1 股東召開臨時股東大會的程序

根據本行《章程》及《股東大會議事規則》規定，單獨或者合計持有本行有表決權股份總數百分之十以

上的股東（以下簡稱「提議股東」）書面請求時，本行應在事實發生之日起兩個月以內召開類別股東

大會或臨時股東大會。

股東大會由董事會召集；連續九十日以上單獨或者合計持有本行百分之十以上股份的股東（以下簡

稱「召集股東」）在董事會不能履行或者不履行召集股東大會職責且監事會不召集的，可以自行召集

股東大會。

提議股東向董事會請求召開相關會議，應當以書面形式向董事會提出。董事會應當根據法律、行政

法規和本行公司章程的規定，在收到請求後十日內提出同意或不同意召開相關會議的書面反饋意

見。

董事會同意召開相關會議的，應當在作出董事會決議後的五日內發出召開相關會議的通知，通知中

對原請求的變更，應當徵得相關股東的同意。

董事會不同意召開相關會議，或者在收到請求後十日內未作出反饋的，單獨或者合計持有本行百分

之十以上股份的股東有權向監事會提議召開相關會議，並應當以書面形式向監事會提出請求。

監事會同意召開相關會議的，應在收到請求後五日內發出召開相關會議的通知，通知中對原提案的

變更，應當徵得相關股東的同意。

監事會未在規定期限內發出相關會議通知的，視為監事會不召集和主持相關會議，連續九十日以上

單獨或者合計持有本行百分之十以上股份的股東可以自行召集和主持。

12.2 在股東大會提出提案的程序

合計持有本行百分之三以上有表決權股份的股東（以下簡稱「提案股東」），有權以書面形式向本行

提出提案。提案股東可以在股東大會召開十日前提出臨時提案並書面提交召集人。召集人應當在收

到提案後二日內發出股東大會補充通知。

110 2016年度報告

第八章 企業管治報告（續）

13 外部審計師及審計師酬金

本行經於2016年6月17日召開的2015年度股東週年大會審議通過，續聘畢馬威會計師事務所及畢馬威華

振會計師事務所（特殊普通合夥）分別擔任本行2016年度的境外和境內核數師，任期至本行的2016年度股

東週年大會結束。

2016年，本行就年度財務報表審計約定支付給畢馬威華振會計師事務所（特殊普通合夥）的酬金合計人民

幣255萬元。其他酬金（主要包括半年度財務報表審閱服務的費用）為人民幣95萬元。

14 內部控制

本行依據《中華人民共和國公司法》、《中華人民共和國銀行業監督管理法》、《商業銀行法》等法律法規以

及《商業銀行內部控制指引》、《企業內部控制基本規範》等規章制度，建立了涵蓋內控環境、風險識別與

評估、控制活動、內部監督、信息與溝通等要素的內部控制體系。本行董事會負責保證本行建立並實施

充分有效的內部控制體系；監事會負責監督董事會、高級管理層完善內部控制體系；高級管理層負責建

立和完善內部組織機構，保證內部控制的各項職責得到有效履行。

本行持續推動內部控制體系各項制度、流程、IT系統的優化，定期開展內控合規檢查、內控評價等工作，

促進各職能部門及分支機構強化風險管理，完善內部控制措施。報告期內，本行管理層完成了《鄭州銀行

股份有限公司2015年度全面風險管理報告》、《鄭州銀行股份有限公司2015年度合規管理報告》、《鄭州銀

行股份有限公司2015年度內部控制和風險管理系統評價報告》，並提交董事會審議。

本行董事會根據《中華人民共和國公司法》、《商業銀行公司治理指引》等法律法規及香港聯交所上市規

則，修訂完善了董事會審計委員會、風險管理委員會、關聯交易控制委員會等職能機構的工作細則，確

保能夠對內部控制體系運行實施有效監控。報告期內，本行董事會已經就本行內部控制體系運行的有效

性進行了評價，未發現本行內部控制和風險管理系統設計或執行方面存在重大缺陷。

111鄭州銀行股份有限公司

第八章 企業管治報告（續）

15 風險管理

15.1 識別、評估及管理重大風險的程序

本行根據中國銀監會《商業銀行資本管理辦法（試行）》及其附件、巴塞爾委員會關於風險及相關專業

術語定義、國內外銀行同業實踐，並根據自身的實際情況，對由於業務戰略、產品組合、客戶需求

以及外部宏觀經濟環境的相互作用，可能面臨的一系列量化與非量化風險進行整體識別，並對銀行

面對的風險進行計量和控制。

基於風險類別的資本佔用狀況、監管對銀行面臨風險的認定和資本監管要求、以風險事件的識別與

評估結果，運用收集和發佈風險提示並制定風險事件示例、識別和收集風險事件、評估風險事件、

認定主要風險等步驟，識別本行面臨的主要風險，包括：信用風險、市場風險、操作風險、流動性

風險、銀行賬戶利率風險、合規風險、法律風險、聲譽風險、戰略風險，運用風險計量的方法和工

具對風險進行評估分析。

15.2 董事會的風險管理職責

本行董事會依據《商業銀行全面風險管理指引》、《商業銀行內部控制指引》等法律法規，以及香港聯

交所的有關要求，制定了《鄭州銀行全面風險管理基本制度》、《鄭州銀行風險偏好管理辦法》、《鄭

州銀行風險限額管理辦法》等規章制度，建立並實施風險管理及內部控制體系，並負責及時檢討該

等制度體系的有效性。本行董事會認為，本行所建立並實施的風險管理及內部控制體系充分而有

效。本行風險管理及內部控制體系旨在管理而非消除未能達成業務目標的風險，而且只能就不會有

重大的失實陳述或損失作出合理而非絕對的保證。

112 2016年度報告

第八章 企業管治報告（續）

16 內幕信息管理

本行董事會負責本行的信息披露工作，制定規範的信息披露程序和方式，對需披露的信息進行審定，對

所披露信息的真實、準確、完整性承擔責任。本行信息披露接受監管部門和本行監事會的監督。本行董

事長為實施信息披露事務管理制度的第一責任人。董事會秘書負責處理本行信息披露事務，董事會辦公

室為本行信息披露的日常工作部門。

本行為加強內幕信息保密工作，維護信息披露的公平，保護廣大投資者的合法權益，根據《中華人民共和

國公司法》、《中華人民共和國證券法》、《商業銀行信息披露管理辦法》及上市規則等境內外法律、法規及

其他規範性文件制定了《鄭州銀行股份有限公司信息披露管理辦法》。

本行嚴格根據監管要求開展信息披露和內幕信息管理工作，在《鄭州銀行股份有限公司信息披露管理辦

法》中，對信息披露的原則、內容、信息披露的管理及程序等進行了詳細規定。其中，對內幕信息的覆蓋

範圍、內幕信息知情人範圍、內幕信息保密管理以及洩露內幕信息的處罰等進行了具體規定。

報告期內，本行嚴格執行境內外監管機構的監管要求，強化制度約束管理，加強內幕信息的保密措施，

及時規範披露相關信息。

17 章程修訂

報告期內，為進一步滿足本行上市後公司治理及規範運作要求，根據香港中央結算有限公司相關規定及

《商業銀行監事會工作指引》的規定，主要對本行章程中有關聯名股東和外部監事選任的部分條款進行了

修訂。此次修訂章程的議案已於2016年6月17日經本行2015年度股東週年大會審議通過，並於2016年8

月31日接獲中國銀監會河南監管局批覆。

報告期內，為滿足本行A股上市後公司治理要求，根據《中華人民共和國證券法》、《上市公司章程指引》、

《中國證券監督管理委員會公告[2014]47號－上市公司章程指引（2014年第二次修訂）》等境內有關法律法

規和規範性文件的規定，結合本行實際情況，對章程進行了全面修訂。此次修訂章程的議案已於2016年

9月27日經本行2016年第1次臨時股東大會審議通過，並於2016年12月7日接獲中國銀監會河南監管局批

覆，該章程將於本行A股上市之日起生效。

113鄭州銀行股份有限公司

第九章 董事會報告

本行董事會僅此呈列截止2016年12月31日止年度的董事會報告及本集團經審計的財務報表。

1 主營業務及業務回顧

本行主要在國內從事銀行業及有關的金融服務，包括公司銀行業務、個人銀行業務、資金業務及其他業

務。

香港公司條例附表5要求對業務回顧的進一步討論及分析載於本年報「管理層討論和分析」及「董事、監

事、高級管理人員、員工及機構情況」章節中，包括對本集團的主要風險及不確定性的概述及對本集團業

務可能的未來發展規劃。此討論構成本「董事會報告」一部分。

2 股東周年大會、業績與股息

2.1 股東周年大會

本行擬於2017年5月19日（星期五）召開2016年度股東周年大會，為確定有權出席股東周年大會並

於會上投票的股東名單，本行自2017年4月19日（星期三）起至2017年5月19日（星期五）止期間（包

括首尾兩日）暫停辦理股份過戶登記，該期間不辦理股份過戶手續。於2017年5月19日（星期五）名

列本行股東名冊的股東將有權出席股東周年大會並可於會上投票。為符合資格出席股東周年大會並

於會上投票，所有過戶文件連同有關股票及其他適當文件必須於2017年4月18日（星期二）下午4時

30分前，交回（就內資股股東而言）本行董事會辦公室（地址為中國河南省鄭州市鄭東新區商務外環

路22號或（就H股股東而言）本行H股股份過戶登記處香港中央證券登記有限公司（地址為香港灣仔皇

后大道東183號合和中心17樓1712–1716號舖），以作登記。

本行將於適當的時候發佈本行2016年度股東周年大會的公告及通函。

114 2016年度報告

第九章 董事會報告（續）

2.2 股息

本行截止2016年12月31日止年度的業績及本集團於當日的財務狀況載列於本年報會計報表及註釋

部分。

根據本行於2015年度股東週年大會通過的決議案，本行向於2016年6月28日名列本行股東名冊的

所有股東按每10股本行股份人民幣2.00元（含稅）派發截至2015年12月31日止年度的現金股息，總

金額約為人民幣10.6439億元（含稅）。有關股息以人民幣計值。

董事會建議向本行全體股東支付截至2016年12月31日止年度的現金股息每10股本行股份人民幣

2.20元（含稅），總金額約為人民幣11.71億元（含稅）。股息分派方案將提交2016年度股東週年大會

審議通過後向股東派發。預計股息派發日期為2017年6月15日（星期四）。派發日期如有變動，本行

將另行通告。

該建議股息將以人民幣計值。應付內資股持有人的股息將以人民幣支付，而應付H股持有人的股息

將以港元支付。人民幣兌港元所採用的匯率將以宣派有關股息當日（包括該日）（即2017年5月19日

（星期五），為2016年度股東週年大會的日期）之前五個營業日中國人民銀行所公佈的平均匯率中間

價為準。

本行將向於2017年5月31日（星期三）名列本行股東名冊的內資股持有人及H股持有人派發股息。本

行將於2017年5月26日（星期五）至2017年5月31日（星期三）（包括首尾兩日）期間暫停辦理本行H股

股份過戶登記手續。

本行H股持有人如欲獲派發末期股息而尚未登記有關過戶文件，須於2017年5月25日（星期四）下

午4時30分或之前將過戶文件連同有關股票交回本行H股股份過戶登記處香港中央證券登記有限公

司，地址為香港灣仔皇后大道東183號合和中心17樓1712–1716號舖。

本行最近三年現金股息與年度利潤的比率如下：

2015年 2014年 2013年單位：人民幣百萬元，百分比除外

現金股息（含稅） 1064.39 709.55 591.29佔年度淨利潤比例 32% 30% 30%

115鄭州銀行股份有限公司

第九章 董事會報告（續）

2.3 股息稅項

代扣代繳境外非居民企業的企業所得稅

根據《中華人民共和國企業所得稅法》適用條文與其實施條例的規定，本行向H股非居民企業股東

（包括以香港中央結算（代理人）有限公司名義登記的H股股份）派發末期股息時，將按10%的稅率代

扣代繳企業所得稅。

代扣代繳境外非居民個人股東的個人所得稅

根據《中華人民共和國個人所得稅法》適用條文與其實施條例以及《國家稅務總局關於發佈非居民納

稅人享受稅收協定待遇管理辦法的公告》（國家稅務總局公告2015年第60號）（「稅收協定公告」）的規

定，本行將按照以下安排為H股股東代扣代繳個人所得稅：

H股個人股東為香港或澳門居民或其他與中國簽訂稅率為10%的稅收協定的國家（地區）的居民，本

行派發末期股息時將按10%的稅率為該等H股個人股東代扣代繳個人所得稅；

H股個人股東為與中國簽訂稅率低於10%的稅收協定的國家（地區）的居民，本行派發末期股息時將

暫按10%的稅率代扣代繳個人所得稅。如相關H股個人股東欲申請退還多扣繳稅款，本行將按照稅

收協定公告代為辦理享受有關稅收協定待遇的申請。請符合條件的股東及時向本行的H股股份過戶

登記處即香港中央證券登記有限公司呈交稅收協定公告要求的書面委託及所有申報材料；經本行轉

呈主管稅務機關審核，如經批准，其後本行將協助對多扣繳稅款予以退還；

H股個人股東為與中國簽訂稅率高於10%但低於20%的稅收協定的國家（地區）的居民，本行派發末

期股息時將按相關稅收協定規定的實際稅率為該等H股個人股東代扣代繳個人所得稅；H股個人股

東為與中國簽訂稅率為20%的稅收協定的國家（地區）的居民、與中國沒有簽訂稅收協定的國家（地

區）的居民或其他情況，本行派發末期股息時將按20%的稅率為該等H股個人股東代扣代繳個人所

得稅。

本行一般將按照以上安排為H股股東代扣代繳個人所得稅，但稅務機關另有要求的，本行將按照其

要求具體辦理。

116 2016年度報告

第九章 董事會報告（續）

3 股本及主要股東

有關本行股本及主要股東情況請詳見「股本變動及股東情況」章節。

4 募集資金使用情況

有關本行於報告期內進行的股票發行上市及募集資金使用情況請詳見「重大事項」章節。

5 儲備

本行截至2016年12月31日止年度內的儲備變動詳情載列於合併股東權益變動表。

6 物業和設備

本行的物業和設備變動詳情載於財務報表附註23。

7 關連交易

本行於本行的日常銀行業務中向國內公眾提供商業銀行服務及產品，其中包括本行的某些關連人士如股

東、董事、監事、行長及╱或其各自的聯繫人等。根據上市規則，因該等交易均屬本行在日常銀行業務

中按照一般商業條款進行，因此豁免遵守上市規則第14A章有關申報、年度審核、披露及獨立股東批准的

規定。本行已審閱所有關連交易，確認已符合上市規則第14A章的規定。

上市規則第14A章對關連人士的定義有別於國際會計準則下對於關聯方的定義及國際會計準則理事會對其

的詮釋。載於財務報表附註37的若干關聯方交易同時構成上市規則所定義的關連交易或持續關連交易，

但概無構成上市規則所定義之須予披露的關連交易。

8 董事及監事在與本行構成競爭的業務中所佔的權益

除於本年報所披露者外，本行概無任何董事及監事在與本行直接或間接構成或可能構成競爭的業務中持

有任何權益。

117鄭州銀行股份有限公司

第九章 董事會報告（續）

9 董事和監事的報酬情況及退休福利

本行董事和監事的酬金詳情載於財務報表附註9。本行提供給僱員的退休福利詳情載於財務報表附註32。

10 董事及監事的服務合約

報告期內，本行董事和監事沒有與本行簽訂任何一年內若由本行終止合約時須作出賠償的服務合約（法定

賠償除外）。

11 董事、監事及最高行政人員的權益和淡倉

截至2016年12月31日止，本行董事、監事、行長於本行或其相聯法團（定義見《證券及期貨條例》第XV

部）的股份、相關股份及債權證中擁有根據香港《證券及期貨條例》第352條規定須予備存的登記冊所記

錄、或根據上市規則附錄十《上市公司董事進行證券交易的標準守則》的規定須要通知本行及香港聯交所

之權益如下：

姓名 職位 股份類別 身份

直接或

間接持有

股份數目

佔相關

股份類別

已發行股份

百分比

佔全部

已發行股份

百分比

（股）（好倉） (%) (%)

王天宇 董事 內資股 實益擁有人 18,928 0.0005 0.0004朱志暉 監事 內資股 受控制企業權益 199,046,474 5.23 3.74段 萍 監事 內資股 實益擁有人 4,000 0.0001 0.00008張春閣 監事 內資股 實益擁有人 14,056 0.0004 0.0003

除上文所披露者外，於2016年12月31日，概無本行董事、最高行政人員或監事在本行或其相聯法團的任

何股份、相關股份及債權證中擁有任何權益或淡倉。

12 董事和監事在交易、安排或合同中擁有的重大權益

本行或其子公司概無訂立任何令本行董事或監事或與本行董事或監事有關連的實體（截至2016年12月31

日止年度）直接或間接享有重大權益的重要交易、安排或合同。

118 2016年度報告

第九章 董事會報告（續）

13 購買股份或債券之安排

於報告期內任何時間，本行或其任何附屬公司概無訂立任何安排，致使本行董事及監事藉購買本行或任

何其他法人團體股份或債券而獲益。

14 管理合約

報告期內並無有關本行全部或主要部分業務的管理或行政合約。

15 購買、出售或贖回本行之上市證券

報告期內，本行及其任何附屬公司並無購買、出售或贖回任何本行上市證券。

16 優先購股權

截至2016年12月31日止，根據本行的《公司章程》及中國的法律，本行並無有關優先購股規定。

17 捐款

本行截至2016年12月31日止年度內作出慈善及其他捐款合計約人民幣362萬元。

18 公眾持股量

截至最後實際可行日期，基於本行可獲得的公開資料所示，本行已符合上市規則有關公眾持股量的要求。

19 企業管治

本行致力於維持高水平的公司治理。有關本行的企業管治詳情載於本年報「企業管治報告」章節。

20 主要客戶

報告期末，本行對任何單一借款人的貸款餘額均未超過本行資本淨額的10%。本行前五家最大客戶利息

收入佔本行利息收入的比例不超過30%。本行董事及其緊密聯繫人或任何據董事所知擁有5%以上的本行

已發行股份數目的股東不擁有上述五大客戶的任何權益。

119鄭州銀行股份有限公司

第九章 董事會報告（續）

21 董事、監事及有關僱員之證券交易

本行已採納不低於上市規則附錄十的上市發行人董事進行證券交易的標準守則所訂的標準，作為本行董

事、監事及相關僱員進行證券交易的行為準則。本行經查詢全體董事及監事後，他們已確認報告期內一

直遵守上述守則。本行亦沒有發現有關僱員違反守則。

22 其他事項

根據守則條文第A.1.8條，本行應購買合適保險涵蓋針對本行董事提出的潛在法律訴訟。為遵守該守則條

文，本行已為董事購買合適的責任保險，以就彼等於截至2016年12月31日止年度內在企業活動中引致的

責任提供彌償保證。

就董事會所知，本行已於各重要方面遵守對本行業務及經營產生重大影響之相關法律及法規。

同時，本行致力於其經營所在環境及社區之長期可持續性。本行以對環境負責之方式行事，盡力遵守有

關環保的法律及法規，並採取有效措施使資源有效利用、能源節約及廢物減少。

截至本報告日期，本行未知悉有股東已放棄或同意放棄任何股息的安排。

截至本報告日期，本行董事沒有放棄或同意放棄相關薪酬安排。

於本報告期內，本行不存在重大資產抵押的情況。

於本報告期內，本行或本行任何一家附屬公司與控股股東或其附屬公司之間並無簽訂任何重要合約。

於本報告期內，本行或本行任何一家附屬公司概無接受控股股東或其附屬公司提供的服務。

本行將根據上市規則附錄二十七中環境、社會及管治報告指引的相關規定，發佈本行報告期內的環境、

社會及管治報告。

承董事會命

鄭州銀行股份有限公司

王天宇

董事長

120 2016年度報告

第十章 監事會報告

報告期內，監事會按照《公司法》、《商業銀行公司治理指引》和《公司章程》的有關規定，不斷加強自身建設，持

續提升履職能力。認真開展履職監督和財務、內控、風險管理監督，促進了公司治理的規範運作和健康發展。

1 監事會主要工作情況

報告期內，監事會按照法定程序順利完成了新老監事的更換工作，優化調整了監事會組織結構，依法設

立監督委員會和提名委員會。監事會由9名監事組成，職工監事、股東監事和外部監事各3名，各委員會

由3名委員組成，主任委員由外部監事擔任，監事會構成及人員比例均達到了監管要求。

報告期內，監事會共召開8次會議，其中現場會議4次，通訊表決會議4次，審議涉及業務經營、內部控

制、風險管理、公司治理、董監事履職評價等各類議案30項，聽取了涉及內部審計、關聯交易、資產質

量等各項報告10項。召開6次專門委員會會議，對履職情況、財務管理、風險管理、內部控制等報告進行

了審議。此外，監事出席了股東大會並列席了全部董事會現場會議，對股東大會和董事會召開的合法合

規性、投票表決程序及董事出席會議、發表意見和表決情況進行了監督。

報告期內，本行3名外部監事均能夠獨立行使監督職權。在履職過程中，外部監事通過出席監事會會議，

召集召開監事會專門委員會會議，列席董事會，參加監事會對分支機構的集體調研和進行獨立調研等方

式，主動瞭解本公司經營管理狀況，並對重大事項發表意見或建議。在董事會、監事會閉會期間，能夠

認真閱讀本公司各類檔案、報告等信息，及時就發現的問題與董事會、管理層交換意見，為監事會履行

監督職責發揮了積極作用。

2 對有關事項發表的獨立意見

董事會、高級管理層履職情況

報告期內，董事會、高級管理層按照《商業銀行公司治理指引》以及公司章程規定，認真履行工作職責，

在推進上市和重大經營決策中，團結一致、高瞻遠矚、穩健審慎、紥實推進，引領本行實現了新的跨

越；高級管理層持續提升戰略決策執行能力，認真制定和落實各項措施，保證了全年各項工作全面完成。

121鄭州銀行股份有限公司

第十章 監事會報告（續）

依法合規經營情況

報告期內，本行2016年度經營活動符合《公司法》、《商業銀行法》和《公司章程》的規定，決策程序合法有

效；董事、高級管理人員能夠誠實守信、勤勉盡職，未發現年度內本行董事、高級管理人員執行公司職

務時有違反法律法規、《公司章程》或損害本行及股東利益的行為。

財務報告真實情況

本行2016年年度財務報告真實、客觀、準確地反映了本行的財務狀況和經營成果。

關聯交易情況

報告期內，本行的關聯交易價格公允合理，監事會未發現有損害本行和股東利益的行為。

內部控制情況

報告期內，本行持續加強和完善內部控制體系建設，內部控制的健全性和有效性不斷提高，未發現存在

內部控制設計或執行方面的重大缺陷。

股東大會決議執行情況

報告期內，監事會對本行董事會提交股東大會審議的各項報告和提案無異議。監事會對股東大會決議的

執行情況進行了監督，認為本行董事會認真執行了股東大會的有關決議。

122 2016年度報告

第十一章 重大事項

1 股票發行上市及募集資金使用情況

本行於2016年1月15日刊發關於全部行使超額配股權的公告，宣佈超額配股權獲全部行使，涉及合共

198,000,000股H股，相當於超額配股權獲行使前根據全球發售下初步可供提呈的發售股份總數的15%。

該等股份已於2016年1月20日在香港聯交所上市交易。於本行首次公開發行中，本行與本行國有股股東

按發售價每股3.85港元分別發行及出售合共1,518,000,000股H股。

本行首次發行H股所募集資金在扣除發行費用及應付社保基金款項後，淨額為人民幣4,334,658,452元，

已經全部用於充實本行資本金，並與本行其他資金一併投入運營，與發行H股時承諾的募集資金用途一

致。

2 債券發行及購回事項

本行於2013年發行本金總額為人民幣50億元的金融債券，分為兩個品種，即 (1)一種為三年期利率為

4.58%的固定利率品種，該等債券已於2016年5月20日到期，並由本行全部贖回；及(2)一種為五年期利

率為4.80%的固定利率品種，該等債券將於2018年5月20日到期。

本行於2014年發行十年期二級資本債券，本金總額人民幣20億元，年利率5.73%。該債券將於2024年

12月15日到期。

本行2015年度股東週年大會批准，由董事會授權管理層在取得相關監管機構批准後，決定發行總額不超

過人民幣50億元的綠色金融債券。詳情請參閱本行於2016年3月26日刊發的有關建議授權發行綠色金融

債券的公告，以及本行於2016年4月29日刊發的有關2015年度股東週年大會的通函。該等綠色金融債券

的發行已於2016年8月2日獲得中國銀監會河南監管局批准，尚待中國人民銀行批准。

本行2015年6月18日召開的2014年度股東大會批准，由董事會授權管理層在取得相關監管機構批准後，

發行不超過人民幣30億元的二級資本債券。經本行2016年9月27日召開的2016年第1次臨時股東大會批

准，將該等二級資本債券發行規模調整為不超過人民幣50億元。該等證券的發行於2016年10月25日及

12月2日獲得中國銀監會和中國人民銀行分別批准，並於2016年12月19日正式在全國銀行間債券市場發

行首期人民幣30億元二級資本債，品種為10年期固定利率債券，在第5年末附發行人贖回權，票面利率

為4.10%。詳情請參閱本行於2016年12月21日刊發的關於合格二級資本債券發行完畢的公告。

123鄭州銀行股份有限公司

第十一章 重大事項（續）

3 九鼎金融租賃公司的籌建與開業

本行於2016年2月17日刊發關於中國銀監會批准籌建九鼎金融租賃公司的公告，宣佈中國銀監會已批准

籌建由本行持股51%的九鼎金融租賃公司。籌建工作完成後，根據相關規定及程序，九鼎金融租賃公司

須向中國銀監會河南監管局申請批准開業運營。

本行於2016年3月23日刊發關於九鼎金融租賃公司獲中國銀監會河南監管局開業批覆的公告，宣佈已於

2016年3月18日獲得中國銀監會河南監管局對九鼎金融租賃公司的開業批覆。九鼎金融租賃公司已自

2016年3月23日起正式開業運營。

九鼎金融租賃公司主要從事（其中包括）金融租賃、金融租賃目標資產轉讓、固定收益證券投資業務、接

受承租人的租賃保證金、出售及處置租賃項目以及經濟諮詢。

4 獲得非金融企業債務融資工具B類主承銷商資格

本行於2016年5月26日刊發關於獲得非金融企業債務融資工具B類主承銷資格的自願性公告，宣佈根據

中國銀行間市場交易商協會發出之《關於承銷類會員（地方性銀行類）參與非金融企業債務融資工具B類主

承銷業務市場評價結果的公告》（「公告」），本行於2016年5月18日獲得非金融企業債務融資工具B類主承

銷資格，成為中國河南省內首家獲得債務融資工具主承銷資格的城市商業銀行。本行將可在中國河南省

範圍內參與非金融企業債務融資工具主承銷業務，包括短期融資券、中期票據、定向工具、超短期融資

券、資產支持票據、項目收益票據及長期限含權中票等業務。

5 重大訴訟及仲裁事項

報告期內，本行未發生對經營活動產生重大影響的訴訟、仲裁事項。

6 重大關聯交易事項

報告期內，本行未發生對經營成果及財務狀況造成不利影響的重大關聯交易。

124 2016年度報告

第十一章 重大事項（續）

7 本行及本行董事、監事及高級管理人員受處罰的情況

報告期內，本行及全體董事、監事及高級管理人員沒有受到中國銀監會稽查、行政處罰、通報批評和香

港聯交所公開譴責的情形，也沒有受到其他監管機構對本行經營有重大影響的處罰。

8 本行及持股5%以上股東承諾事項履行情況

報告期內，本行或持有本行已發行總股份5%以上的股東概無承諾事項。

9 重大合同及其履行情況

報告期內，本行無重大合同。

10 審計覆核

本行按照國際財務報告準則編製的2016年度財務報表已經畢馬威會計師事務所審計，並出具無保留意見

的審計報告。本行2016年度報告已經本行董事會審計委員會及董事會審閱。

11 股權激勵計劃及在報告期內的具體實施情況

本行報告期內未實施股權激勵計劃。

125鄭州銀行股份有限公司

第十一章 重大事項（續）

12 重大資產收購、出售及企業合併事項

12.1 收購新鄭金榖村鎮銀行股份有限公司部分股權

新鄭金榖村鎮銀行股份有限公司（「新鄭村鎮銀行」）成立於2010年7月20日，由內蒙古呼和浩特金榖

農村商業銀行股份有限公司（「金榖農商行」）發起設立，註冊資本人民幣3,600萬元。

2016年8月，本行與金榖農商行及新鄭村鎮銀行簽訂股權轉讓意向書，由本行購買新鄭村鎮銀行合

計20%的股份，共計720萬股，每股受讓價格為人民幣2.00元。該項收購已完成，並通過中國工商

行政管理局的審核，將新鄭村鎮銀行正式更名為新鄭鄭銀村鎮銀行股份有限公司。

12.2 收購新密鄭銀村鎮銀行股份有限公司部分股權

新密鄭銀村鎮銀行股份有限公司（「新密村鎮銀行」）成立於2011年1月28日，註冊資本人民幣1億

元，本行作為發起人出資人民幣2,000萬元，持股比例為20%。依據新密村鎮銀行2015年度審計報

告，截止2015年12月31日，新密村鎮銀行每股淨資產為人民幣1.23元。

2016年11月，本行與鄭州中興實業集團有限公司、王珍、王歌、魏紅、陳亞輝、李榮麗、王魯

平、張玉玲分別簽訂協議，擬受讓其持有的新密村鎮銀行合計31.5%的股份，共計3,150萬股，每

股受讓價格為人民幣1.1元。股權受讓工作完成後，本行在新密村鎮銀行的持股比例將達到51.5%。

13 報告期內利潤分配情況

本行於2016年6月17日召開的2015年度股東週年大會審議通過的2015年度利潤分配方案，決定向全體股

東派發現金股息共約人民幣1,064百萬元（含稅）或每10股人民幣2.00元（含稅）。本行2015年度股息已於

2016年7月15日派發。

126 2016年度報告

第十二章 內部控制與內部審計

1 內部控制

本行依據《中華人民共和國公司法》、《中華人民共和國商業銀行法》、《企業內控基本規範》及《商業銀行內

部控制指引》等法律法規和監管規章，秉承全覆蓋、制衡性、審慎性、相匹配原則，建立了涵蓋內部控制

環境、風險評估、內部控制措施、信息與溝通和內部監督等要素的內部控制體系。本行內部控制體系建

設的總體目標是建立和完善符合現代企業制度要求的公司治理結構及內部組織結構，形成科學的決策機

制、執行機制和監督機制，保證本行經營管理目標的實現；建立有效的風險控制系統，強化風險管理，

保證本行各項經營業務活動的正常有序運行；建立良好的銀行內部經營環境，防止並及時發現、糾正各

種錯誤、舞弊行為，保護銀行財產安全、完整，保護投資者合法權益。

本行根據《商業銀行內部控制指引》，結合自身業務特點，建立起一套由章程╱基本制度、管理辦法、操

作規程╱預案╱細則三個層級構成的制度體系；根據內部控制目標、原則和基本規定，本行按業務條線

建立了授信業務、中間業務、金融同業、資產管理、零售業務、運營業務、電子銀行、貿易融資、安全

保衛、人力資源、風險管理、內審稽核等方面具體的內控制度，基本涵蓋全行各項業務和管理活動。本

行持續開展制度、流程的梳理優化工作，報告期內，共新增內控制度68項，修訂79項。

本行重視內控文化建設，致力於培育誠實守信、遵章守紀的合規文化，營造良好的內部控制文化氛圍。

本行持續豐富和完善各項風險管理制度與內部控制措施，加強全面和專項風險管理，強化對信用風險、

市場風險、流動性風險、操作風險、信息科技風險等各類風險的識別、計量、控制和監測，重視對授信

業務、財務與會計、資金業務、中間業務及關聯交易的內部控制，提升各項風險管理的科學性和前瞻

性，保障經營工作穩健運行。

本行十分重視信息系統對提高業務運營效率以及風險管控效果的重要作用，積極推動信息化建設工作。

本行建立並健全了相關政策和程序，對信息系統研發、系統上線、系統運行維護、系統應急處理、系統

流程與使用者授權管理等工作流程進行了明確規定，防範信息科技風險。另外，本行不斷完善信息溝通

與報告機制，對信息傳遞、報告職責和程序進行了明確要求，確保信息在本行內部、本行與外部之間的

有效溝通，形成了完整的信息報送、傳遞體系。

127鄭州銀行股份有限公司

第十二章 內部控制與內部審計（續）

本行建立了完善的內控監督評價體系。董事會、監事會及高級管理層各司其職，有效分工，依職責對各

層級、各條線經營管理活動進行監督檢查與評價：董事會審計委員會指導內審辦公室以風險為導向，持

續開展內部審計，完善審計監督職能，依據內審結果進行內部控制評價；監事會不斷健全監督機制，發

揮監事會專門委員會職能，促進本行董事會及高級管理層切實履行內部控制職責；本行法律合規部、風

險管理部及各業務條線職能管理部門通過日常檢查、專項檢查等形式，對內部控制和合規管理情況進行

監督，發出風險預警及提示，促進內控管理措施的改進。

報告期內，未發現本行內部控制和風險管理系統設計或執行方面存在重大缺陷。本行將隨著外部環境、

經營、規模、業務發展和管理要求的需要，進一步優化內部控制和風險管理體系，完善內部控制制度，

提升風險管理技術，強化內控措施的執行力，加大內部檢查和監督力度，增強競爭優勢，確保本行穩

健、可持續發展。

2 內部審計

本行根據《銀行業金融機構內部審計指引》和《商業銀行內部控制指引》的要求，建立了獨立、垂直的內部

審計管理體系，內審辦公室作為本行內部審計工作的執行機構，隸屬於董事會層面，在董事會審計委員

會的具體指導下開展工作。內審辦公室根據監管要求和相關制度規定，認真履行職責，定期向董事會和

監事會報告審計工作情況，及時報送審計報告，並通報高級管理層。

本行內部審計部門秉承獨立性、客觀性和重要性原則，擬訂全行內審工作總體規劃、年度工作計劃，組

織實施對全行各項業務活動、經營情況及重要崗位人員任期經濟責任的審計，檢查、評價法律、法規和

規章制度的執行情況，向管理層提出改進建議。

報告期內，本行內部審計部門堅持風險導向的審計原則，積極創新、改進審計方式，努力提升審計水平

和審計質量，持續擴大審計覆蓋面，高效實施審計工作，客觀反映了本行業務和管理狀況，有效促進了

本行內部控制和管理機制、體制的完善。

128 2016年度報告

第十三章 獨立核數師報告

致鄭州銀行股份有限公司股東

（於中華人民共和國（「中國」）註冊成立的股份有限公司）

意見

我們審計了後附第133頁至第250頁鄭州銀行股份有限公司（「貴行「）及其子公司（統稱「貴集團」）的合併財務報

表，包括2016年12月31日的合併財務狀況表、截至該日止年度的合併損益表及其他綜合收益表、合併權益變動

表和合併現金流量表，以及主要會計政策和財務報表附註。

我們認為，上述合併財務報表已經按照國際會計準則理事會頒佈的《國際財務報告準則》的規定，真實而公允地

反映了貴集團2016年12月31日的合併財務狀況以及貴集團2016年度的合併經營成果和合併現金流量，並已遵

照香港《公司條例》的披露要求編製。

意見的基礎

我們按照香港會計師公會頒佈的《香港審計準則》的規定執行了審計工作。審計報告的「審計師對合併財務報表審

計的責任」部分進一步闡述了我們在這些準則下的責任。按照香港會計師公會頒佈的《職業會計師道德守則》（以

下簡稱「道德守則」）以及中華人民共和國境內關於合併財務報表審計相關的其他職業道德方面的要求，我們獨

立於貴集團，並履行了道德守則以及中國境內職業道德方面的其他責任。我們相信，我們獲取的審計證據是充

分、適當的，為發表審計意見提供了基礎。

關鍵審計事項

關鍵審計事項是我們根據職業判斷，認為對本期合併財務報表審計最為重要的事項。這些事項的應對以對合併

財務報表整體進行審計並形成審計意見為背景，我們不對這些事項單獨發表意見。

貸款和應收賬款的減值準備

請參閱合併財務報表附註19和20(3)及第149至152頁的會計政策。

關鍵審計事項 在審計中如何應對該事項

貸款和應收款項包括發放貸款和墊款以及被歸類為應收款項的金

融投資。

我們評估貸款和應收款項減值準備相關的審計程序包括以下程序：

貸款和應收款項減值準備的確定涉及管理層主觀判斷。 • 評價與貸款和應收款項在審批、記錄、監控、分類流程以

及按個別方式評估減值準備相關的關鍵內部控制的設計和

運行有效性。對於上述流程中用於處理交易的關鍵系統，

我們引入了內部信息技術專家評價相關的自動控制設計和

運行的有效性。我們也評價了與這些系統相關的關鍵內部

控制設計和運行的有效性，包括對這些系統的訪問控制和

對數據和變更管理的控制；

129鄭州銀行股份有限公司

第十三章 獨立核數師報告（續）

貸款和應收賬款的減值準備

請參閱合併財務報表附註19和20(3)及第149至152頁的會計政策。

關鍵審計事項 在審計中如何應對該事項

對於貴集團而言，在確定貸款和應收款項減值準備時，導致其具

有最大估計不確定性的是根據組合評估模型確認減值準備的貸款

和應收款項，尤其是沒有設定擔保抵質押的貸款和應收款項，或

者可能存在擔保物不足情況的貸款和應收款項。

以組合方式確定的減值準備很大程度上依賴於外部宏觀環境和貴

集團內部信用風險管理策略。貴集團按組合方式確定的減值準備

所作估計包括貴集團的歷史損失率，損失衍化期（即從減值事件發

生到識別該減值事件的時間間隔）及其他調整因素。

當有客觀證據表明貸款和應收款項發生減值時，管理層採用個別

方式評估其減值準備。在運用判斷確定減值準備時，管理層會考

慮多種因素。這些因素包括可收回金額，借款人的財務狀況，抵

押物的估值，索賠受償順序，是否存在其他債權人及其配合程度。

另外，抵押物變現的可執行性、時間和方式也會影響抵押物的估

值，從而影響報告日的減值準備金額。

由於貸款和應收款項減值準備的確定存在固有不確定性以及涉及

到管理層判斷，同時其對貴集團的經營狀況和資本狀況會產生重

要影響，我們將貸款和應收款項的減值準備識別為關鍵審計事項。

• 將管理層用以評估減值準備的貸款數據庫總額與總賬進行

比較，在抽樣的基礎上將單項貸款的信息與相關貸款協議

以及其他有關文件進行比較，評估管理層貸款評級信息及

逾期信息的列報情況；

• 評價管理層按組合方式評估減值準備時所用模型以及所採

用假設的可靠性：審慎評價涉及主觀判斷的輸入參數，從

外部尋求支持證據，比對歷史損失數據及貴集團其他內部

記錄以及我們以往年度的工作記錄。作為上述程序的一部

分，我們還主要詢問了管理層對關鍵假設和輸入參數所做

調整的理由，並考慮在確定經濟因素、歷史損失衍化期以

及歷史損失的觀察期時，管理層所運用的判斷是否一致。

我們對比模型中使用的經濟因素與市場信息，評價其是否

與市場以及經濟發展情況相符。我們還通過跟蹤逾期賬戶

從其信用事件發生到將其降級為已減值貸款和應收款項的

全週期來評價衍化期。基於以上因素，我們重新計算了組

合計提減值準備的金額，以評價其是否恰當；

• 基於風險導向的方法選取樣本進行信貸審閱，評價按個別

方式評估的減值準備。我們按照行業分類對貸款進行分

析，自受目前經濟下行影響較大的行業以及存在負面媒體

消息的借款人中選取信貸審閱的樣本。我們還依據其他風

險標準及逾期信息選取了樣本。我們進一步選取了評級為

「次級」和「可疑」的貸款進行信貸審閱；以及

• 對選取的上述貸款和應收款項樣本執行信貸審閱程序，包

括詢問信貸經理企業經營情況、審閱借款人財務信息、搜

集借款人業務的市場情況、評估管理層對擔保物的估值、

評估已減值貸款預計可回收現金流量、評價貴集團對已減

值貸款清收方案的可行性、比較擔保物市場價格和管理層

估值，評估擔保物的變現時間和方式，以及考慮管理層提

出的其他還款來源。

130 2016年度報告

第十三章 獨立核數師報告（續）

結構化主體的合併

請參閱合併財務報表附註42及第167頁的會計政策。

關鍵審計事項 在審計中如何應對該事項

結構化主體通常是為實現具體而明確的目的設立的，並在約定的

範圍內開展業務活動。貴集團可能通過發行理財產品、資產管理

計劃、信託計劃或資產支持證券等方式在結構化主體中獲得或享

有權益，或者成為結構化主體的發起人。

當判斷貴集團是否應該將結構化主體納入合併範圍時，管理層考

慮貴集團所承擔的風險和享有的報酬，是否對結構化主體相關活

動擁有權力，以及能否通過運用對結構化主體的權力而影響可變

回報的程度。在某些情況下，貴集團可能需要將自身並未持有任

何權益的結構化主體納入合併範圍。

於2016年12月31日，本集團通過直接持有投資而在第三方機構發

起設立的結構化主體中享有的權益的賬面價值為人民幣1,110.73

億元，在未納入合併財務範圍的結構化主體中的權益是人民幣

432.09億元。

由於貴集團確定結構化主體是否需要合併涉及重大管理層判斷，

以及合併結構化主體對合併財務狀況表和相關的資本監管要求的

影響可能很重大，我們將結構化主體的合併識別為關鍵審計事項。

為評估結構化主體的合併，我們執行了下列審計程序，包括：

• 通過詢問管理層和檢查與管理層對結構化主體是否合併作

出的判斷過程相關的文件，以評價貴集團就此設立的流程

是否完備；

• 選擇各種主要產品類型中重要的結構化主體並執行了以下

程序：

－ 檢查相關合同，內部設立文件以及向投資者披露的信

息，以理解結構化主體的設立目的以及貴集團對結構

化主體的參與程度，並評價管理層關於貴集團對結構

化主體是否擁有權力的判斷；

－ 分析結構化主體對風險與報酬的結構設計，包括在結

構化主體中擁有的對資本或其收益作出的擔保，提供

流動性支持的安排，佣金的支付和收益的分配等，以

評估管理層就貴集團因參與結構化主體的相關活動而

擁有的對結構化主體的風險敞口、權力及對影響可變

回報的程度所作的判斷；

－ 檢查管理層對結構化主體的分析，包括定性分析，以

及貴集團對享有結構化主體的經濟利益的比重和可變

動性的計算，以評價管理層關於貴集團影響其來自結

構化主體可變回報的能力判斷；

－ 評價管理層就是否合併結構化主體所作的判斷；

• 評價合併財務報表中針對結構化主體的相關披露是否符合

相關會計準則的披露要求。

131鄭州銀行股份有限公司

第十三章 獨立核數師報告（續）

除合併財務報表及其所含的本所審計師報告之外的其他信息

貴集團董事對其他信息負責。其他信息包括年度報告中涵蓋的全部信息，但不包括合併財務報表和我們的審計

報告。

我們對合併財務報表發表的審計意見不涵蓋其他信息，我們也不對其他信息發表任何形式的鑒證結論。

結合我們對合併財務報表的審計，我們的責任是閱讀其他信息，在此過程中，考慮其他信息是否與合併財務報

表或者我們在審計過程中了解到的情況存在重大不一致或者似乎存在重大錯報。

基於我們已執行的工作，如果我們確定其他信息存在重大錯報，我們應當報告該事實。在這方面，我們無任何

事項需要報告。

董事對合併財務報表的責任

貴集團董事負責按照國際會計準則理事會頒佈的《國際財務報告準則》的規定和香港《公司條例》的披露要求編製

合併財務報表，使其實現真實和公允反映，以及對董事認為必要的內部控制負責，以使合併財務報表不存在由

於舞弊或錯誤而導致的重大錯報。

在編製合併財務報表時，貴集團董事負責評估貴集團的持續經營能力，披露與持續經營相關的事項（如適用），

並運用持續經營假設，除非董事有意將貴集團進行清算、終止運營或別無其他現實的選擇。

審計委員會協助貴集團董事履行監督貴集團的財務報告過程的責任。

審計師對合併財務報表審計的責任

我們的目標是對合併財務報表整體是否不存在由於舞弊或錯誤導致的重大錯報獲取合理保證，並出具包含審計

意見的審計報告。我們僅向全體股東報告，除此以外，我們的報告不可用作其他用途。我們不就本報告的內

容，對任何其他人士負責或承擔任何責任。

合理保證是高水平的保證，但並不能保證按照《香港審計準則》執行的審計在某一重大錯報存在時總能發現。錯

報可能由舞弊或錯誤導致，如果合理預期錯報單獨或匯總起來可能影響合併財務報表使用者作出的經濟決策，

則通常認為錯報是重大的。

在按照《香港審計準則》執行審計工作的過程中，我們運用職業判斷，並保持職業懷疑。同時，我們也執行了以

下工作：

• 識別和評估由於舞弊或錯誤導致的合併財務報表重大錯報風險，設計和實施審計程序以應對這些風險，

並獲取充分、適當的審計證據，作為發表審計意見的基礎。由於舞弊可能涉及串通、偽造、故意遺漏、

虛假陳述或凌駕於內部控制之上，未能發現由於舞弊導致的重大錯報的風險高於未能發現由於錯誤導致

的重大錯報的風險。

• 了解與審計相關的內部控制，以設計恰當的審計程序，但目的並非對貴集團內部控制的有效性發表意見。

132 2016年度報告

第十三章 獨立核數師報告（續）

• 評價董事選用會計政策的恰當性和作出會計估計及相關披露的合理性。

• 對董事使用持續經營假設的恰當性得出結論。同時，根據獲取的審計證據，就可能導致對貴集團的持續

經營能力產生重大疑慮的事項或情況是否存在重大不確定性得出結論。如果我們得出結論認為存在重大

不確定性，審計準則要求我們在審計報告中提請報表使用者注意合併財務報表中的相關披露。如果披露

不充分，我們應當發表非無保留意見。我們的結論基於截至審計報告日可獲得的審計證據。然而，未來

的事項或情況可能導致貴集團不能持續經營。

• 評價合併財務報表的總體列報、結構和內容（包括披露），並評價合併財務報表是否公允反映相關交易和

事項。

• 獲取關於貴集團內實體或業務活動的財務信息的充分、適當的審計證據，以就合併財務報表發表審計意

見。我們負責指導、監督和執行集團審計。我們僅對本所的審計意見承擔責任。

我們與審計委員會就計劃的審計範圍、時間安排和重大審計發現等事項進行溝通，包括溝通我們在審計中識別

出的重大內部控制缺陷。

我們還就已遵守與獨立性相關的職業道德要求向審計委員會提供聲明，並與其溝通可能被合理認為影響我們獨

立性的所有關係和其他事項，以及相關的防範措施（如適用）。

從與審計委員會溝通過的事項中，我們確定哪些事項對本期財務報表審計最為重要，因而構成關鍵審計事項。

我們在審計報告中描述這些事項，除非法律法規禁止公開披露這些事項，或在極少數情形下，如果合理預期在

審計報告中溝通某事項造成的負面後果超過在公眾利益方面產生的益處，我們確定不應在審計報告中溝通該事

項。

負責審計並出具本獨立審計師報告的項目合夥人是梁達明。

畢馬威會計師事務所

執業會計師

香港中環

遮打道10號太子大廈8樓

2017年3月25日

133鄭州銀行股份有限公司

合併損益及其他綜合收益表截至2016年12月31日止年度

（除特別註明外，金額單位為人民幣千元）

附註 2016年 2015年

利息收入 15,057,410 12,664,502

利息支出 (6,757,417) (5,757,990)

利息淨收入 3 8,299,993 6,906,512

手續費及佣金收入 1,259,800 745,638

手續費及佣金支出 (45,359) (32,242)

手續費及佣金淨收入 4 1,214,441 713,396

交易淨收益 5 79,267 127,261

投資淨收益 6 207,995 26,622

其他營業收入 7 178,790 87,460

營業收入 9,980,486 7,861,251

營業費用 8 (2,434,524) (2,252,760)

資產減值損失 11 (2,346,372) (1,297,526)

營業利潤 5,199,590 4,310,965

應佔聯營公司利潤 22(2) 57,443 50,777

稅前利潤 5,257,033 4,361,742

所得稅費用 12 (1,212,447) (1,006,072)

淨利潤 4,044,586 3,355,670

淨利潤歸屬於：

本行股東 3,998,768 3,356,371

非控制性權益 45,818 (701)　

4,044,586 3,355,670

刊載於第142頁至第250頁的財務報表附註為本財務報表的組成部分。

134 2016年度報告

截至2016年12月31日止年度

（除特別註明外，金額單位為人民幣千元）

合併損益及其他綜合收益表（續）

附註 2016 2015

淨利潤 4,044,586 3,355,670

其他綜合收益：

後續可能會重分類至損益的項目

－可供出售金融資產：

投資重估儲備變動淨額 34(4) (7,564) 7,969

後續不會被重分類至損益的項目

－設定受益計劃重估儲備 34(5) 3,080 (27,767)

其他綜合收益稅後淨額 (4,484) (19,798)

綜合收益總額 4,040,102 3,335,872

綜合收益總額歸屬於：

本行股東 3,994,284 3,336,573

非控制性權益 45,818 (701)

4,040,102 3,335,872

基本及稀釋每股收益（人民幣元） 13 0.75 0.85

刊載於第142頁至第250頁的財務報表附註為本財務報表的組成部分。

135鄭州銀行股份有限公司

合併財務狀況表2016年12月31日

（除特別註明外，金額單位為人民幣千元）

附註

2016年

12月31日

2015年

12月31日

資產

現金及存放中央銀行款項 14 42,586,362 33,008,307

存放同業及其他金融機構款項 15 1,414,928 7,679,078

拆出資金 16 11,758,215 5,519,560

以公允價值計量且其變動計入當期損益的金融資產 17 8,946,097 13,001,517

買入返售金融資產 18 5,119,568 9,716,305

發放貸款及墊款 19 107,633,407 91,604,436

金融投資：

可供出售金融資產 20 6,301,789 11,206,015

持有至到期投資 20 49,671,048 23,901,914

應收款項類投資 20 118,224,916 65,105,660

應收融資租賃款 21 5,721,061 –

對聯營公司投資 22 255,195 195,625

物業及設備 23 1,698,990 1,604,561

遞延所得稅資產 24 969,658 589,143

其他資產 25 5,846,738 2,490,968

資產總計 366,147,972 265,623,089

負債

向中央銀行借款 26 77,000 –

同業及其他金融機構存放款項 27 25,808,253 21,453,178

拆入資金 28 19,105,611 5,820,236

賣出回購金融資產款 29 33,251,370 19,602,600

吸收存款 30 216,389,640 169,195,471

應交稅費 589,674 505,816

已發行債券 31 44,660,446 27,039,068

其他負債 32 4,404,603 4,182,701

負債合計 344,286,597 247,799,070

刊載於第142頁至第250頁的財務報表附註為本財務報表的組成部分。

136 2016年度報告

2016年12月31日

（除特別註明外，金額單位為人民幣千元）

合併財務狀況表（續）

附註

2016年

12月31日

2015年

12月31日

股東權益

股本 33 5,321,932 5,141,932

資本公積 34 3,054,204 2,662,564

盈餘公積 34 1,632,893 1,237,793

一般準備 34 4,527,789 3,163,200

投資重估儲備 34 2,841 10,405

設定受益計劃重估儲備 34 (52,259) (55,339)

未分配利潤 35 6,808,978 5,634,285

歸屬於本行股東權益合計 21,296,378 17,794,840

非控制性權益 564,997 29,179

股東權益合計 21,861,375 17,824,019

負債和股東權益總計 366,147,972 265,623,089

本財務報表已於2017年3月25日獲本行董事會批准。

王天宇 申學清

董事長 行長

執行董事 執行董事

毛月珍 李國全

總會計師 計財部負責人

刊載於第142頁至第250頁的財務報表附註為本財務報表的組成部分。

137鄭州銀行股份有限公司

合併權益變動表截至2016年12月31日止年度

（除特別註明外，金額單位為人民幣千元）

歸屬於本行股東權益

附註 股本 資本公積 盈餘公積 一般準備 投資重估儲備

設定受益

計劃重估儲備 未分配利潤 小計 非控制性權益

股東

權益合計

2016年1月1日餘額 5,141,932 2,662,564 1,237,793 3,163,200 10,405 (55,339) 5,634,285 17,794,840 29,179 17,824,019

淨利潤 – – – – – – 3,998,768 3,998,768 45,818 4,044,586

其他綜合收益 34(4)(5) – – – – (7,564) 3,080 – (4,484) – (4,484)

綜合收益總額 – – – – (7,564) 3,080 3,998,768 3,994,284 45,818 4,040,102

股本變動

－H股發行 33/34 180,000 392,422 – – – – – 572,422 – 572,422

－因設立新子公司產生的非控制性權益 – – – – – – – – 490,000 490,000

－其他 – (782) – – – – – (782) – (782)

小計 180,000 391,640 – – – – – 571,640 490,000 1,061,640

利潤分配：

－提取盈餘公積 34(2) – – 395,100 – – – (395,100) – – –

－提取一般準備 34(3) – – – 1,364,589 – – (1,364,589) – – –

－現金股息 35 – – – – – – (1,064,386) (1,064,386) – (1,064,386)

小計 – – 395,100 1,364,589 – – (2,824,075) (1,064,386) – (1,064,386)

2016年12月31日餘額 5,321,932 3,054,204 1,632,893 4,527,789 2,841 (52,259) 6,808,978 21,296,378 564,997 21,861,375

刊載於第142頁至第250頁的財務報表附註為本財務報表的組成部分。

138 2016年度報告

截至2016年12月31日止年度

（除特別註明外，金額單位為人民幣千元）

合併權益變動表（續）

歸屬於本行股東權益

附註 股本 資本公積 盈餘公積 一般準備 投資重估儲備

設定受益

計劃重估儲備 未分配利潤 小計 非控制性權益

股東

權益合計

2015年1月1日餘額 3,941,932 100,327 902,085 2,313,200 2,436 (27,572) 4,173,170 11,405,578 – 11,405,578

淨利潤 – – – – – – 3,356,371 3,356,371 (701) 3,355,670

其他綜合收益 34(4)(5) – – – – 7,969 (27,767) – (19,798) – (19,798)

綜合收益總額 – – – – 7,969 (27,767) 3,356,371 3,336,573 (701) 3,335,872

股本變動

－H股發行 33/34 1,200,000 2,562,237 – – – – – 3,762,237 – 3,762,237

－因設立新子公司產生的非控制性權益 – – – – – – – – 29,880 29,880

小計 1,200,000 2,562,237 – – – – – 3,762,237 29,880 3,792,117

利潤分配：

－提取盈餘公積 34(2) – – 335,708 – – – (335,708) – – –

－提取一般準備 34(3) – – – 850,000 – – (850,000) – – –

－現金股息 35 – – – – – – (709,548) (709,548) – (709,548)

小計 – – 335,708 850,000 – – (1,895,256) (709,548) – (709,548)

2015年12月31日餘額 5,141,932 2,662,564 1,237,793 3,163,200 10,405 (55,339) 5,634,285 17,794,840 29,179 17,824,019

刊載於第142頁至第250頁的財務報表附註為本財務報表的組成部分。

139鄭州銀行股份有限公司

合併現金流量表截至2016年12月31日止年度

（除特別註明外，金額單位為人民幣千元）

2016年 2015年

經營活動現金流量

稅前利潤 5,257,033 4,361,742

調整項目：

資產減值損失 2,346,372 1,297,526

折舊及攤銷 212,689 157,282

折現回撥 (49,375) (41,776)

未實現匯兌收益 (190,082) (19,060)

處置長期資產的凈收益 (24,456) (39,859)

以公允價值計量且其變動計入當期損益的金融資產的淨交易損失╱（收益） 44,880 (28,544)

投資淨收益 (207,995) (26,622)

應佔聯營公司利潤 (57,443) (50,777)

已發行債券利息支出 1,274,587 747,662

金融投資的利息收入 (7,397,630) (5,022,145)

其他非現金項目 (5,527) –

1,203,053 1,335,429

經營資產的變動

存放中央銀行款項淨增加 (3,710,588) (157,884)

存放和拆放同業及其他金融機構款項淨增加 (4,233,434) (5,934,188)

以公允價值計量且其變動計入當期損益的金融資產的淨減少╱（增加） 4,010,540 (2,005,606)

發放貸款及墊款淨增加 (17,821,042) (16,292,969)

買入返售金融資產淨減少╱（增加） 4,596,737 (3,140,782)

應收融資租賃款淨增加 (8,017,868) –

其他經營資產淨增加 (29,008) (429,556)

(25,204,663) (27,960,985)

刊載於第142頁至第250頁的財務報表附註為本財務報表的組成部分。

140 2016年度報告

截至2016年12月31日止年度

（除特別註明外，金額單位為人民幣千元）

合併現金流量表（續）

2016年 2015年

經營負債的變動

向中央銀行借款淨增加 77,000 –同業及其他金融機構存入及拆入款項淨增加╱（減少） 17,640,450 (5,916,994)賣出回購金融資產款淨增加 13,648,770 3,820,000吸收存款淨增加 47,194,169 36,634,096支付所得稅 (1,405,307) (1,026,673)其他經營負債淨增加 882,922 835,289

78,038,004 34,345,718

經營活動產生的現金流量淨額 54,036,394 7,720,162

投資活動現金流量

收回投資所得款項 210,434,494 120,048,741取得聯營公司支付的現金 (14,400) –處置物業及設備和其他資產所得款項 37,985 52,802投資支付的現金 284,587,504 (148,459,603)收取的股利和利息 6,674,064 4,573,383購入物業及設備及其他資產所付款項 (896,543) (763,939)

投資活動使用現金流量淨額 (68,351,904) (24,548,616)

籌資活動現金流量

上市發行股票收到的現金 572,422 3,762,237子公司吸收少數股東投資收到的現金 490,000 29,880發行債券所得款項淨額 60,927,564 27,571,775償還已發行債券支付的現金 (43,486,400) (9,194,242)償付已發行債券利息支付的現金 (1,162,156) (589,961)分配股息支付的現金 (1,067,537) (715,877)(支付）╱收到的其他與籌資活動相關的現金 (385,727) 385,726

籌資活動產生的現金流量淨額 15,888,166 21,249,538

現金及現金等價物淨增加額 1,572,656 4,421,084

刊載於第142頁至第250頁的財務報表附註為本財務報表的組成部分。

141鄭州銀行股份有限公司

截至2016年12月31日止年度

（除特別註明外，金額單位為人民幣千元）

合併現金流量表（續）

附註 2016年 2015年

1月1日的現金及現金等價物 14,514,260 10,089,462

匯率變動對現金及現金等價物的影響 35,883 3,714

12月31日的現金及現金等價物 36 16,122,799 14,514,260

經營活動產生的現金流量淨額包括：

收取的利息 7,699,784 7,440,807

支付的利息 (4,862,362) (4,301,496)

刊載於第142頁至第250頁的財務報表附註為本財務報表的組成部分。

142 2016年度報告

財務報表附註截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

1 背景情況

鄭州銀行股份有限公司（以下簡稱「本行」），其前身鄭州市商業銀行股份有限公司，是經中國人民銀行（以

下簡稱「人行」）濟銀覆[2000]64號文批准成立的一家股份制商業銀行。2009年10月更名為鄭州銀行股份

有限公司。註冊地為河南省鄭州市鄭東新區商務外環路22號。本行的經營活動集中在中國河南省地區。

本行經中國銀行業監督管理委員會（以下簡稱「銀監會」）批准持有B1036H241010001號金融許可證，並經

中國國家工商行政管理總局核准持有註冊號為410000100052554的企業法人營業執照。本行由國務院授

權的銀監會監管。

於2015年12月，本行H股股票在香港聯合交易所有限公司（以下簡稱「香港聯交所」）主板上市，股票代碼

為06196。

本行及所屬子公司（以下統稱「本集團」）的經營範圍包括：吸收公眾存款；發放短期、中期和長期貸款；

辦理國內結算；辦理票據貼現；發行金融債券；代理發行、代理兌付、承銷政府債券；買賣政府債券；

從事同業拆借；提供融資租賃服務；提供擔保；提供保管箱業務；代理收付款項及代理保險業務；辦理

委託貸款業務；經國務院銀行業監督管理機構批准的其他業務。

本行子公司的情況參見註22。

143鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

2 主要會計政策

(1) 遵循聲明

本財務報表按照國際會計準則理事會（「國際會計準則理事會」）頒佈的國際財務報告準則（「國際財

務報告準則」）及其相關解釋、以及香港《公司條例》的披露要求編製。本財務報表也遵照香港聯合交

易所有限公司上市規則適用的披露條文的要求。

(2) 編製基礎

2016年12月31日合併財務報表包括本行及其子公司（「本集團」）及本行在聯營公司中的權益。

編製符合國際財務報告準則的財務報表需要管理層作出判斷、估計和假設。這些判斷、估計和假設

會影響到會計政策的應用以及資產、負債和收入、費用的列報金額。該等估計和相關假設乃基於過

往經驗及在具體情況下相信為合理的各種其他因素，而所得結果乃用作判斷目前顯然無法直接通過

其他來源獲得的資產和負債賬面價值的根據。實際結果或有別於此等估計。

這些估計以及相關的假設會持續予以審閱。會計估計修訂的影響會在修訂當期以及受影響的以後期

間予以確認。

附註2(24)列示了對財務報表有重大影響的判斷，以及很可能對以後期間產生重大調整的估計。

編製本財務報表時一般採用歷史成本進行計量，但如附註2(7)所述可供出售金融資產、以公允價值

計量且其變動計入當期損益的金融資產以公允價值為計量基礎的金融資產除外。

本集團的記賬本位幣為人民幣，本財務報表以人民幣列報並湊整至最近千位。

144 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

2 主要會計政策（續）

(3) 會計政策變更

下述由國際會計準則理事會頒佈了若干項經修訂的國際財務報告準則於2016年生效且與本集團相

關。採用上述年度改進對本集團本年度或以前年度的財務狀況及經營成果無重大影響。

本集團並未採用任何其他已發佈但未生效的國際財務報告準則、解釋公告及修訂。

(4) 子公司及非控制性權益

子公司指本集團控制的實體。當本集團因參與該實體的運營而獲得或有權享有其可變動回報，並能

對該實體行使權力以影響該等回報時，本集團控制該實體。在評估本集團是否有權力時，僅考慮本

集團及其他方所持有的實質權利。

子公司的投資於控制開始當日至控制終止當日計入合併財務報表中。集團內部往來的結餘和交易以

及集團內公司間交易產生的現金流量及任何未實現收益，會在編製合併財務報表時全數抵銷。集團

內公司間交易所引致未實現損失的抵銷方法與未實現收益相同，但抵銷額只限於沒有證據顯示已出

現減值的部份。

非控制性權益指非直接或間接歸屬於本行的子公司權益，而本集團並無就此與該等權益的持有人協

議任何額外條款，致使本集團整體就該等權益承擔符合金融負債定義的合約責任。就各項業務合併

而言，本集團可選擇按公允價值或非控制性權益應佔子公司可識別淨資產的比例計量任何非控制性

權益。

非控制性權益於合併財務狀況表內的權益項下與歸屬於本行股東權益分開列示。本集團業績中的非

控制性權益在合併損益及其他綜合收益表內的淨利潤或綜合收益總額項下分別非控制性權益及歸屬

於本行股東列示。

在不喪失控制權的前提下，如果本集團享有子公司的權益發生變化，按照權益類交易進行核算。相

關權益的變動將體現為合併權益表中歸屬於母公司和非控制性權益金額的調整，但是無需調整商譽

也不確認損益。

於本行財務狀況表中，子公司的投資是按成本減資產減值損失列示。

145鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

2 主要會計政策（續）

(5) 外幣折算

本集團收到投資者以外幣投入資本時按當日即期匯率折合為人民幣，其他外幣交易在初始確認時按

交易發生日的即期匯率或交易發生日即期匯率的近似匯率折算為人民幣。

即期匯率是人行公佈的人民幣外匯牌價、國家外匯管理局公佈的外匯牌價或根據公佈的外匯牌價套

算的匯率。即期匯率的近似匯率是按照系統合理的方法確定的，通常是當期平均匯率。期末外幣貨

幣性資產及負債，採用各相關期間期末的即期匯率折算，匯兌差額計入當期損益。以歷史成本計量

的外幣非貨幣性資產及負債，仍採用交易發生日的即期匯率折算。以公允價值計量的外幣非貨幣性

資產及負債，採用公允價值確定日的即期匯率折算，折算後的記賬本位幣金額與原記賬本位幣金額

的差額計入當期損益，惟屬於可供出售金融資產的外幣非貨幣性項目，其差額計入投資重估儲備。

(6) 現金和現金等價物

現金和現金等價物包括庫存現金、存放中央銀行可隨時支取的備付金、期限短的存放同業及其他金

融機構款項、拆出資金以及持有的期限短、流動性強、易於轉換為已知金額現金且價值變動風險很

小的投資。

(7) 金融工具

(i) 金融資產及金融負債的確認和計量

金融資產和金融負債在本集團成為相關金融工具合同條款的一方時，於財務狀況表內確認。

本集團在初始確認時按取得資產或承擔負債的目的，把金融工具分為不同類別：以公允價值

計量且其變動計入當期損益的金融資產和金融負債、貸款和應收款項、持有至到期投資、可

供出售金融資產和其他金融負債。

146 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

2 主要會計政策（續）

(7) 金融工具（續）

(i) 金融資產及金融負債的確認和計量（續）

在初始確認時，金融資產及金融負債均以公允價值計量。對於以公允價值計量且其變動計入

當期損益的金融資產或金融負債，相關交易費用直接計入當期損益；對於其他類別的金融資

產或金融負債，相關交易費用計入初始確認金額。

金融資產和金融負債分為：

• 以公允價值計量且其變動計入當期損益的金融資產和金融負債

以公允價值計量且其變動計入當期損益的金融資產和金融負債包括本集團為了近期內

出售或回購而持有的金融資產和金融負債，採用短期獲利模式進行管理的金融工具，

衍生金融工具，以及被本集團指定為以公允價值計量且其變動計入當期損益的金融資

產和金融負債。

在下列情況下，金融資產及金融負債於初始確認時被指定為以公允價值計量且其變動

計入當期損益的金融資產和金融負債：

－ 該金融資產或金融負債以公允價值基準作內部管理、評估及匯報；

－ 有關的指定可消除或明顯減少因該金融資產或金融負債的計量基礎不同所導致

的相關利得或損失在確認或計量方面不一致的情況；

－ 該金融資產或金融負債包含一項嵌入衍生工具，該衍生工具可大幅改變按原合

同規定的現金流量；或

－ 嵌入衍生工具無法從混合工具中分拆。

初始確認後，以公允價值計量且其變動計入當期損益的金融資產和金融負債以公允價

值計量，不扣除將來處置該金融資產或結清金融負債時可能發生的交易費用。公允價

值變動形成的利得或損失計入當期損益。

147鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

2 主要會計政策（續）

(7) 金融工具（續）

(i) 金融資產及金融負債的確認和計量（續）

• 持有至到期投資

持有至到期投資指本集團有明確意圖和能力持有至到期的且到期日固定、回收金額固

定或可確定的非衍生金融資產，但不包括：

(a) 於初始確認時被指定為以公允價值計量且其變動計入當期損益或可供出售的非

衍生金融資產；或

(b) 符合貸款和應收款項定義的非衍生金融資產。

初始確認後，持有至到期投資以實際利率法按攤餘成本計量。

• 貸款和應收款項

貸款和應收款項指本集團持有的有固定或可確定回收金額且在活躍市場中沒有報價的

非衍生金融資產，但不包括：

(a) 準備立即出售或在近期出售的非衍生金融資產，並將其歸類為持有作交易用途

的金融資產；

(b) 於初始確認時被指定為以公允價值計量且其變動計入當期損益或可供出售的非

衍生金融資產；或

(c) 因債務人信用惡化以外的原因，使本集團可s能難以收回幾乎所有初始投資的非衍生金融資產。這些資產分類為可供出售金融資產。

初始確認後，貸款和應收款項以實際利率法按攤餘成本計量。

148 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

2 主要會計政策（續）

(7) 金融工具（續）

(i) 金融資產及金融負債的確認和計量（續）

• 可供出售金融資產

可供出售金融資產指初始確認時即被指定為可供出售的非衍生金融資產以及沒有歸類

到其他類別的金融資產。

可供出售金融資產初始確認後以公允價值計量，且不扣除將來處置該金融資產時可能

發生的交易費用。公允價值變動形成的利得或損失，除減值損失和外幣貨幣性金融資

產形成的匯兌差額外，其他利得或損失直接計入其他綜合收益。在活躍市場沒有報價

且其公允價值不能可靠計量的權益工具，以成本扣除減值準備計量。終止確認投資

時，其他綜合收益的累計收益或損失重新分類至損益。

• 其他金融負債

其他金融負債是指除以公允價值計量且其變動計入當期損益的金融負債以外的金融負

債。

其他金融負債初始確認後採用實際利率法按攤餘成本計量。

149鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

2 主要會計政策（續）

(7) 金融工具（續）

(ii) 金融資產的減值

本集團在相關期間期末對以公允價值計量且其變動計入當期損益的金融資產以外的金融資產

的賬面價值進行檢查，在有客觀證據表明該金融資產發生減值時，將計提減值準備並計入當

期損益。金融資產發生減值的客觀證據是指金融資產初始確認後實際發生的、對該金融資產

的預計未來現金流量有影響，且本集團能夠對該影響進行可靠計量的事項。

發生減值的客觀證據包括下列事項：

－ 發行方或債務人發生嚴重財務困難；

－ 債務人違反了合同條款，如償付利息或本金發生違約或逾期等；

－ 債務人很可能倒閉或進行其他財務重組；

－ 因發生重大財務困難，該金融資產無法在活躍市場繼續交易；

－ 債務人經營所處的技術、市場、經濟或法律環境等發生重大不利變化；及

－ 權益工具投資的公允價值發生嚴重或非暫時性下跌等。

• 貸款和應收款項

本集團採用個別方式和組合方式評估貸款和應收款項的減值損失。

個別方式

本集團對單項金額重大的貸款和應收款項採用個別方式評估其減值損失。當有客觀證

據表明貸款或應收款項發生減值時，該貸款或應收款項的預計未來現金流量（不包括尚

未發生的未來信用損失）按原實際利率折現的現值低於其賬面價值的差額確認為資產減

值損失，計入當期損益。

本集團可能無法確定導致減值的單一事件，但本集團可以通過若干事件所產生的綜合

影響確定該金融資產是否出現減值。

150 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

2 主要會計政策（續）

(7) 金融工具（續）

(ii) 金融資產的減值（續）

• 貸款和應收款項（續）

短期貸款和應收款項的預計未來現金流量與其現值相差很小的，在確定相關減值損失

時未對其預計未來現金流量進行折現。

計算有抵押的貸款和應收款項的預計未來現金流量的現值時，會反映收回抵押品可能

產生的現金流量減去取得及出售該抵押品的成本。

組合方式

以組合方式評估減值的貸款和應收款項包括已以個別方式評估但沒有客觀證據表明已

發生減值的貸款和應收款項以及沒有單獨進行減值測試的單項金額不重大的同類貸款

和應收款項。以組合方式評估時，貸款和應收款項將根據類似的信用風險特徵分類及

進行減值測試。減值的客觀證據主要包括該組貸款或應收款項雖無法辨認其中的單筆

貸款或應收款項的現金流量在減少，但根據已公開的數據對其進行總體評價後發現，

該組貸款或應收款項自初始確認以來，其預計未來現金流量確已減少且可計量。

單項金額並不重大的同類貸款和應收款項

對於單項金額並不重大的同類貸款和應收款項，本集團採用滚動率方法評估組合的減

值損失。該方法使用對違約概率和歷史損失經驗進行統計分析計算減值損失；並根據

反映當前經濟狀況的可觀察數據以及管理層基於歷史經驗的判斷進行調整。

以個別方式評估但沒有客觀證據表明已發生減值的貸款和應收款項

單項金額重大的貸款和應收款項，必須經過個別方式評估。如個別方式評估中沒有任

何發生減值的客觀證據或不能可靠地計量發生減值的客觀證據對預計未來現金流量的

影響，則將其歸類為具有類似信用風險特徵的金融資產組合，並以組合方式評估其減

值損失。此評估涵蓋了於相關期間期末出現減值但有待日後才能個別確認已出現減值

的貸款和應收款項。

151鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

2 主要會計政策（續）

(7) 金融工具（續）

(ii) 金融資產的減值（續）

• 貸款和應收款項（續）

評估組合減值損失的因素包括：

－ 具有類似信用風險特徵的貸款組合的歷史損失經驗；

－ 從出現損失到該損失被識別所需時間；及

－ 當前經濟及信用環境，以及管理層基於歷史經驗對目前環境下固有損失的判斷。

從出現損失到該損失被識別所需的時間由管理層結合經營環境及歷史經驗確定。

當可根據客觀證據對金融資產組合中的個別資產確定其減值時，這些資產將會從該金

融資產組合中剔除。按組合方式評估減值的資產不包括按個別方式進行減值評估並且

已經或繼續確認減值損失的資產。

本集團定期審閱和評估所有已發生減值的貸款和應收款項的預計可收回金額的變動及

其引起的損失準備的變動。

貸款和應收款項確認減值損失後，如有客觀證據表明該金融資產價值已經恢復，且客

觀上與確認損失後發生的事項有關，本集團將原確認的減值損失予以轉回，計入當期

損益。該轉回後的賬面價值不超過假定不計提減值準備情況下該金融資產在轉回日的

攤餘成本。

當採取法律手段和其他必要的追償措施後仍未能收回貸款或應收款項，在完成所有必

要審批程序及確定損失金額後，本集團將對該等貸款或應收款項進行核銷，核銷時衝

減已計提的減值準備。已核銷的貸款或應收款項在期後收回時，收回的金額衝減當期

減值準備支出。

重組貸款是指本集團因借款人財務狀況惡化以至無法按照原貸款條款如期還款而與其

酌情重新確定貸款條款的貸款項目。如果條件允許，本集團將力求重組貸款而不是取

得擔保物的所有權。這可能會涉及展期還款和達成新的貸款條件。一旦對條款進行重

新協商，貸款將不再被視為逾期。管理層繼續對重組貸款進行審閱，以確保其符合所

有條件並且未來付款很可能發生。該貸款持續以單項或組合方式進行減值評估並採用

初始實際利率進行計量其減值準備。

152 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

2 主要會計政策（續）

(7) 金融工具（續）

(ii) 金融資產的減值（續）

• 持有至到期投資

當持有至到期投資的預計未來現金流量（不包括尚未發生的未來信用損失）按原實際利

率折現的現值低於其賬面價值時，本集團將該持有至到期投資的賬面價值減記至該現

值，減記的金額確認為資產減值損失，計入當期損益。

在持有至到期投資確認減值損失後，如有客觀證據表明該金融資產價值已恢復，且客

觀上與確認該損失後發生的事項有關，本集團將原確認的減值損失予以轉回，計入當

期損益。該轉回後的賬面價值不超過假定不計提減值準備情況下該金融資產在轉回日

的攤餘成本。

• 可供出售金融資產

可供出售金融資產發生減值時，即使該金融資產沒有終止確認，本集團將原直接計入

其他綜合收益的因公允價值下降形成的累計損失轉出，計入當期損益。

從股東權益內轉出並計入當期損益的累計損失數額等於該金融資產的初始取得成本扣

除已收回本金和已攤銷金額後與當期公允價值之間的差額，減去原已計入損益的減值

損失後的餘額。

對於已確認減值損失的可供出售債務工具，在隨後的會計期間公允價值已上升且客觀

上與原減值損失確認後發生的事項有關，原確認的減值損失予以轉回，計入當期損

益。對於已確認減值損失的可供出售權益工具投資，其減值損失不通過損益轉回。該

類資產公允價值的任何上升直接計入其他綜合收益。

以成本計量的可供出售權益工具，按其賬面價值，與按照類似金融資產當時市場收益

率對未來現金流量折現確定的現值之間的差額，確認為減值損失，計入當期損益。以

成本計量的權益工具的減值損失不再轉回。

153鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

2 主要會計政策（續）

(7) 金融工具（續）

(iii) 公允價值計量原則

公允價值是指市場參與者於計量日進行一個有秩序交易時，在該日出售資產所收取的價格或

轉移負債所支付的價格。

本集團估計公允價值時，考慮市場參與者在計量日對相關資產或負債進行定價時考慮的特徵

（包括資產狀況及所在位置、對資產出售或者使用的限制等），並採用在當前情況下適用並且

有足夠可利用數據和其他信息支持的估值技術。使用的估值技術主要包括市場法、收益法和

成本法。

(iv) 金融資產和金融負債的終止確認

當從金融資產收取現金流量的合約權利屆滿時，或當本集團通過交易將獲得現金流量的權利

轉移，而與金融資產所有權有關的幾乎全部風險及報酬轉移，或本集團既不轉移亦不保留所

有權的幾乎全部風險及報酬且並不保留對金融資產的控制權時，則本集團終止確認該金融資

產。

一旦終止確認金融資產，資產的賬面值（或終止確認部分資產的賬面值）與(i)收到的對價（包

括已取得的任何新資產減承擔的任何新負債）與(ii)已在其他綜合收益中確認的累積損益之和

的差額計入當期損益。由本集團產生或保留符合終止確認條件的已轉移金融資產之任何權益

確認為個別資產或負債。

本集團訂立交易事項，據此轉移於財務狀況表中確認的資產，但保留已轉移資產的所有或絕

大部分風險及報酬或部分風險及報酬。在此等情況下，不終止確認已轉移資產。該等交易事

項包括證券銷售及回購交易。

倘於交易中，本集團既不轉移亦不保留金融資產所有權相關的絕大部分風險及報酬且保留對

資產的控制權，則本集團繼續確認該資產，惟以其繼續涉入程度為限，而繼續涉入程度將根

據承受轉移資產價值變動的程度釐定。

在若干交易中，本集團保留對已轉移金融資產提供有償服務的義務。已轉移資產於滿足終止

確認標準時終止確認。倘服務費高於履行服務的適合水平（資產）或低於履行服務的適合水平

（負債），則針對服務合約確認資產或負債。

本集團於合約責任解除、取消、屆滿時終止確認金融負債。

154 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

2 主要會計政策（續）

(7) 金融工具（續）

(v) 抵銷

如果本集團具有抵銷已確認金額的法定權利，並且本集團計劃以淨額結算或同時變現該金融

資產和清償該金融負債，該金融資產和金融負債將在財務狀況表內互相抵銷並以淨額列示。

(8) 買入返售和賣出回購金融資產款

買入返售的目標資產不予確認，支付款項作為應收款項於財務狀況表中列示，並按照攤餘成本計

量。

賣出回購金融資產款仍在財務狀況表內確認，並按適用的會計政策計量。收到的資金在財務狀況表

內作為負債列示，並按照攤餘成本計量。

買入返售和賣出回購業務的買賣差價在相關交易期間以實際利率法攤銷，相應確認為利息收入和利

息支出。

(9) 聯營公司

聯營公司是指本集團對其有重大影響，但對其管理層並無控制或共同控制權的實體；重大影響包括

參與其財務和經營決策。

於聯營公司的投資是按權益法記入財務報表。根據權益法，投資初步以成本入賬，然後就本行所佔

被投資方可識別資產淨值於收購日期的公平值超出投資成本的任何部分（如有）作出調整。其後，有

關投資會就本行所佔被投資方資產淨值的收購後變動及有關投資的任何減值損失（附註2(14)）作出

調整。收購日期超出成本的任何部分、本行所佔被投資方的收購後除稅後業績及期間內的任何減值

損失於損益表確認，而本行所佔被投資方其他綜合收益內的收購後除稅後項目則於其他綜合收益表

確認。本行於聯營公司的權益由開始發生重大影響的日期起直至重大影響終止當日計入財務報表。

當本行對聯營公司承擔的損失額超過其所佔權益時，本行所佔權益便會減少至零，並且不再確認額

外損失；但如本行須履行法定或推定義務，或代被投資方作出付款則除外。就此而言，本行的權益

是以權益法計算的投資賬面值，以及實質上構成本行在聯營公司的投資淨額一部分的長期權益。

本行與其聯營公司之間交易所產生的未實現損益，均按本行於被投資方所佔的權益抵銷；但倘未實

現損失證明已轉讓資產出現減值，則會實時在損益表中確認。

155鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

2 主要會計政策（續）

(9) 聯營公司（續）

倘於聯營公司的投資變為於合營企業的投資或出現相反情況，保留權益不會予以重新計量。相對

地，該項投資會繼續按權益法入賬。

在所有其他情況下，倘本行不再對聯營公司有重大影響力，則被視為被投資企業的全部權益被出

售，而所產生盈虧將於損益確認。任何在失去重大影響力當日仍保留在該前投資對象的權益按公允

價值確認，而此金額被視為初步確認金融資產的公允價值（見附註2(7)）。

(10) 物業及設備

物業及設備指本集團為經營管理而持有的，使用壽命超過一個會計年度的有形資產。

物業及設備以成本減累計折舊及減值準備（附註2(14)）記入財務狀況表內。在建工程以成本減去減

值準備（附註2(14)）記入財務狀況表內。

外購物業及設備的初始成本包括購買價款、相關稅費以及使該資產達到預定可使用狀態前所發生的

可歸屬於該項資產的費用。

在有關建造的資產達到預定可使用狀態之前發生的與購建物業及設備有關的一切直接或間接成本，

全部資本化為在建工程。在建工程不計提折舊。

對於構成物業及設備的各組成部分，如果各自具有不同使用壽命或者以不同方式為企業提供經濟利

益，則每一部分各自提計折舊。

對於物業及設備的後續支出，包括與更換物業及設備某組成部分相關的支出，在符合物業及設備確

認條件時計入物業及設備成本，同時將被替換部分的賬面價值扣除；與物業及設備日常維護相關的

支出在發生時計入當期損益。

報廢或處置物業及設備項目所產生的損益為處置所得款項淨額與項目賬面金額之間的差額，並於報

廢或處置日在損益中確認。

156 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

2 主要會計政策（續）

(10) 物業及設備（續）

本集團對物業及設備在預計使用壽命內按年限平均法計提折舊，即物業及設備原值減去預計淨殘值

後除以預計使用壽命，各類物業及設備的預計使用壽命、預計淨殘值率及折舊率分別為：

預計使用壽命 預計淨殘值率 折舊率

房屋及建築物 20 –50年 5% 1.90%-4.75%

電子設備 5年 5% 19.00%

交通工具 5年 5% 19.00%

機器設備及其他 5 –10年 5% 9.50%-19.00%

(11) 租賃

倘若本集團決定在約定的時期內將特定資產使用權出讓以換取一筆或一連串付款的安排，則包括一

項交易或連串交易之該項安排為或包括一項租賃。租賃的判斷乃基於該項安排的實際內容而作出，

並不是根據該租賃安排所採用的法律形式判斷。

(i) 租賃予本集團資產之分類

實質上未轉移與資產所有權有關的全部風險和報酬的租賃為經營租賃。

(ii) 經營租賃支出

經營租賃下支付的租金費用在租賃期內按直線法確認為成本或費用。所收取的租賃獎勵於損

益表確認為租賃付款總額的組成部分。或有租金付款在實際發生的會計期間確認為支出。

經營租賃的土地購置成本會在租賃期間以直線法攤銷。

(iii) 融資租賃

本集團作為融資租賃出租方時，於租賃期開始日將最低租賃應收款額與初始直接費用之和作

為應收融資租賃款的入賬價值，計入財務狀況表的客戶貸款及墊款，同時記錄未擔保餘值；

將最低租賃應收款額、初始直接費用及未擔保餘值之和與其現值之和的差額作為未實現融資

收益，在租賃期內各個期間採用實際利率法確認為利息收入。

157鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

2 主要會計政策（續）

(12) 無形資產

本集團無形資產為使用壽命有限的無形資產，以成本減累計攤銷及減值準備（附註2(14)）記入財務

狀況表內。本集團將無形資產的成本扣除殘值和減值準備後按直線法在預計使用壽命內攤銷。

無形資產的攤銷年限分別為：

土地使用權 30 –50年

軟件 5 –10年

(13) 抵債資產

抵債資產初步按公允價值確認，往後按賬面值及可收回淨額的較低價值計量。倘若可收回金額低於

抵債資產賬面值，則將資產減記至可收回金額。

(14) 非金融資產減值準備

本集團在相關期間期末根據內部及外部信息對下列資產進行審閱，判斷其是否存在減值的跡象，主

要包括：

－ 物業及設備

－ 土地使用權

－ 無形資產

－ 對子公司和聯營公司的投資

倘若資產存在減值跡象，則對其可收回金額作出估計。

現金產出單元是可以認定的最小資產組合，其產生的現金流入基本上獨立於其他資產或者資產組。

現金產出單元由創造現金流入相關的資產組成。本集團在認定現金產出單元時，主要考慮該資產組

能否獨立產生現金流入，同時考慮管理層對經營活動的管理方式、以及對資產使用或者處置的決策

方式等。

158 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

2 主要會計政策（續）

(14) 非金融資產減值準備（續）

一項資產或現金產出單元或現金產出單元組（以下統稱「資產」）的可收回金額是指資產的公允價值減

去處置費用後的淨額與使用價值兩者之間的較高者。有跡象表明單項資產可能發生減值的，本集團

以單項資產為基礎估計其可收回金額；如難以對單項資產的可收回性進行估計，本集團以該現金產

出單元所屬的現金產出單元組為基礎確定資產組的可收回金額。

資產的公允價值減去處置費用後的淨額，是根據公平交易中銷售協議價格減去可直接歸屬於該資產

處置費用的金額確定。資產的使用價值，按照資產在持續使用過程中和最終處置時所產生的預計未

來現金流量，綜合考慮當前市場對貨幣時間價值的評估及資產特有風險等因素選擇恰當的稅前折現

率對其進行折現後的金額加以確定。

倘若資產的賬面價值高於其可收回金額的，確認減值損失並計入當期損益，同時計提相應的資產減

值準備。與現金產出單元或者現金產出單元組相關的減值損失，根據現金產出單元或者現金產出單

元組中各項資產的賬面價值所佔比重，按比例抵減各項資產的賬面價值，但抵減後的各資產的賬面

價值不得低於該資產的公允價值減去處置費用後的淨額（如可確定）、使用價值（如可確定）和零，三

者之中最高者。

非金融資產減值損失的金額在日後減少，且客觀上與確認該損失後發生的事項有關，原確認的減值

損失將予以轉回，計入當期損益，該轉回後的賬面價值不超過假定不計提減值準備情況下該資產在

轉回日的賬面價值。

(15) 職工福利

(i) 短期職工福利及界定退休金供款計劃的供款

工資、年度獎金、有薪年假、界定退休金供款計劃的供款及非貨幣福利的成本均在職工提供

相關服務的期間內計提。如延遲支付或結算會構成重大影響，該等金額按現值列賬。

本集團的界定退休金供款計劃包括社會養老保險金計劃及年金計劃。

159鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

2 主要會計政策（續）

(15) 職工福利（續）

(i) 短期職工福利及界定退休金供款計劃的供款（續）

社會基本養老保險

按照中國有關法規，本集團職工參加了由當地勞動和社會保障部門組織實施的社會基本養老

保險。本集團以當地規定的社會基本養老保險繳納基數和比例，向當地社會基本養老保險經

辦機構繳納養老保險費。上述繳納的社會基本養老保險按照權責發生制原則計入當期損益。

職工退休後，各地勞動及社會保障部門有責任向已退休職工支付社會基本養老金。

年金計劃

本集團對符合條件職工實施年金計劃，由本集團按職工工資總額的一定比例向年金計劃供

款，本集團承擔的相應支出計入當期損益。

住房公積金及其他社會保險費用

除上述退休福利外，本集團根據中國有關法律、法規和政策的規定，參與為職工而設的社會

保險供款計劃，有關計劃包括住房公積金、基本醫療保險、失業保險、工傷保險和生育保險

等。本集團每月按照繳納基數的一定比例向相關部門支付住房公積金及其他社會保險費用，

並按照權責發生制原則計入當期損益。

(ii) 補充退休福利

提前退休計劃

本集團向自願提前退休職工提供提前退休福利計劃，期限從提前退休之日起至法定退休日

止。福利按若干假設按折現計算現值。其計算由合格的精算師以預計單位貸記法執行。因負

債現值的假設及估計發生變化而產生的差異在發生時於損益中確認。

160 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

2 主要會計政策（續）

(15) 職工福利（續）

(ii) 補充退休福利（續）

補充退休計劃

本集團向合資格職工提供補充退休計劃。本集團就補充退休福利所承擔的責任是以估計本集

團對職工承諾支付其退休後的福利的總金額的現值計算。其計算由合格的精算師以預計單位

貸記法執行。此等責任以與本集團所承擔責任的期間相似的政府債券於報告日的收益率作為

折現率。退休計劃的相關服務成本及淨利息於損益中確認，因重新計量而產生的精算利得及

損失於其他綜合收益中確認。

提前退休計劃及補充退休計劃以下統稱為「補充退休福利」。

(16) 所得稅

本集團除了將與直接計入其他綜合收益的交易或者事項有關的所得稅影響計入其他綜合收益或直

接計入股東權益外（在該等情況下，所得稅相關金額分別於其他綜合收益確認或直接於股東權益確

認），當期所得稅和遞延所得稅費用計入當期損益。

當期所得稅包括根據當期應納稅所得額及稅法規定稅率計算的預期應交所得稅和對以前年度應交所

得稅的調整。

相關期間期末，如果納稅主體擁有以淨額結算的法定權利並且意圖以淨額結算或取得資產、清償負

債同時進行時，那當期所得稅資產及當期所得稅負債以抵銷後的淨額列示。

遞延所得稅資產與遞延所得稅負債分別根據可抵扣暫時性差異和應納稅暫時性差異確定。暫時性差

異是指資產或負債的賬面價值與其計稅基礎之間的差額，包括能夠結轉以後年度的可抵扣損失和稅

款抵減。遞延所得稅資產的確認以很可能取得用來抵扣可抵扣暫時性差異的應納稅所得額為限。

如果不屬於企業合併交易且交易發生時既不影響會計利潤也不影響應納稅所得額（或可抵扣損失），

則該項交易中產生的暫時性差異不會產生遞延所得稅。

相關期間期末，本集團根據遞延所得稅資產和負債的預期實現或結算方式，根據已頒佈的稅法規

定，按照預期收回該資產或清償該負債期間的適用稅率計量該遞延所得稅資產和負債的賬面金額。

161鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

2 主要會計政策（續）

(16) 所得稅（續）

相關期間期末，本集團對遞延所得稅資產的賬面價值進行覆核。如果未來期間很可能無法獲得足夠

的應納稅所得額用以抵扣遞延所得稅資產的利益，則減記遞延所得稅資產的賬面價值。在很可能獲

得足夠的應納稅所得額時，減記的金額予以轉回。

相關期間期末，遞延所得稅資產及遞延所得稅負債在同時滿足以下條件時以抵銷後的淨值列示：

－ 納稅主體擁有以淨額結算當期所得稅資產及當期所得稅負債的法定權利；及

－ 遞延所得稅資產及遞延所得稅負債是與同一稅收徵管部門對同一納稅主體徵收的所得稅相

關，或者是與不同的納稅主體相關、但在預期未來每一發生重大金額的遞延所得稅負債及資

產清償和收回的期間內，涉及的納稅主體意圖以淨額結算當期所得稅資產和負債或是同時實

現資產和清償負債。

(17) 已發出的財務擔保、撥備及或有負債

(i) 已發出的財務擔保

財務擔保是指由發出人（「擔保人」）根據債務工具的條款支付指定款項，以補償擔保受益人

（「持有人」）因某一特定債務人不能償付到期債務而產生的損失。擔保的公允價值（即已收取

的擔保費）初始確認為遞延收入，列作其他負債。遞延收入在擔保期內攤銷並於當期損益中

確認為作出財務擔保的收入。此外，當擔保持有人可能根據這項擔保向本集團提出申索、並

且提出的申索金額預期會高於遞延收入的賬面值，則按照附註2(17)(ii)於財務狀況表內確認

為準備金。

(ii) 其他撥備及或有負債

如果與或有事項相關的義務是本集團承擔的現時義務，且有關金額能夠可靠地計量，以及該

義務的履行很可能會導致經濟利益流出本集團，則本集團會確認準備金。準備金按照履行相

關現時義務所需支出的最佳估計金額進行計量。在確定最佳估計數時，綜合考慮與或有事項

有關的風險、不確定性和貨幣時間價值等因素。對於貨幣時間價值影響重大的，準備金以預

計履行義務的開支的現值列示。

162 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

2 主要會計政策（續）

(17) 已發出的財務擔保、撥備及或有負債（續）

當不大可能有需要付出經濟利益，或其數額不能可靠地估計，除非存在的可能性極小，否則須披露

該義務為或有負債。潛在義務，其存在僅能以一個或數個未來事項發生或不發生來證實，除非其付

出可能性極小，否則亦須披露為或有負債。

(18) 受託業務

本集團在受託業務中作為客戶的管理人、受託人或代理人。本集團的財務狀況表不包括本集團因受

託業務而持有的資產以及有關向客戶交回該等資產的承諾，因為該等資產的風險及收益由客戶承

擔。

本集團通過與客戶簽訂委託貸款協議，由客戶向本集團提供資金（「委託資金」），並由本集團按照客

戶的指示向第三方發放貸款（「委託貸款」）。由於本集團並不承擔委託貸款及相關委託資金的風險及

回報，因此委託貸款及委託資金按其本金記錄為財務狀況表外項目，而且並未就這些委託貸款計提

任何減值準備。

(19) 收入確認

收入是本集團在日常活動中形成的、會導致股東權益增加且與股東投入資本無關的經濟利益的總流

入。收入在其金額及相關成本能夠可靠計量、相關的經濟利益很可能流入本集團、並且同時滿足以

下不同類型收入的其他確認條件時，予以確認。

(i) 利息收入

金融資產的利息收入根據讓渡資金使用權的時間和實際利率在發生時計入當期損益。利息收

入包括折讓或溢價攤銷，或生息資產的初始賬面金額與到期日金額之間的差異按實際利率基

準計算的攤銷。

實際利率法，是指在報告期內按照金融資產的實際利率計算其攤餘成本及利息收入的方法。

實際利率是將金融資產在預計存續期間或更短的期間（如適用）內的未來現金流量，折現至該

金融資產當前賬面價值所使用的利率。在計算實際利率時，本集團會在考慮金融工具的所有

合同條款（如提前還款權、看漲期權、類似期權等），但不會考慮未來信用損失的基礎上預

計未來現金流量。計算項目包括屬於實際利率組成部分的訂約方之間所支付或收取的所有費

用、交易費用和所有其他溢價或折價。

163鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

2 主要會計政策（續）

(19) 收入確認（續）

(i) 利息收入（續）

已計提減值準備的資產按照計算相關減值損失時對未來現金流量進行折現採用的折現率（「折

現回撥」）計算利息收入。

(ii) 手續費及佣金收入

手續費及佣金收入在提供相關服務時確認。

作為對實際利率的調整，本集團對收取的導致形成或取得金融資產的收入或承諾費進行遞

延。如果本集團在貸款承諾期滿時還沒有發放貸款，有關收費將確認為手續費及佣金收入。

(iii) 政府補助

倘可合理保證可收取政府補助金且本集團可符合有關條件，則政府補助金會首先於財務狀況

表確認。補償本集團所涉開支之補助金於相關開支產生之相同期間按系統性基準於損益內確

認為收益。補償本集團資產成本之補助金初步確認為遞延收入，並其後於損益表按資產之可

使用年限確認為其他收益。

(iv) 其他收入

其他收入按權責發生制原則確認。

(20) 支出確認

(i) 利息支出

金融負債的利息支出以金融負債攤餘成本、佔用資金的時間按實際利率法計算，並在相應期

間予以確認。

(ii) 其他支出

其他支出按權責發生制原則確認。

(21) 股息分配

相關期間期末後，經審議批准的利潤分配方案中擬分配的股息，不確認為相關期間期末的負債，在

財務報表附註中單獨披露。

164 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

2 主要會計政策（續）

(22) 關聯方

(a) 如下個人或與其關係密切的家庭成員可視為本集團的關聯方：

(i) 對本行實施控制或共同控制；

(ii) 對本行施加重大影響；或

(iii) 本行母公司的關鍵管理人員。

(b) 如下企業可視為本行的關聯方：

(i) 與本行同屬同一集團的企業（即集團內所有母公司、子公司及同系子公司之間互為關聯

方）；

(ii) 本行的聯營企業或合營企業（或集團內其他企業的聯營企業或合營企業）；

(iii) 同為同一第三方的合營企業；

(iv) 一方為第三方企業的合營企業，而另一方為同一第三方企業的聯營企業；

(v) 企業與本行或與本行有關聯的實體就職工利益設立的退休福利計劃；

(vi) 受(a)中所述個人控制或共同控制的企業；

(vii) 受(a)(i)中所述個人重大影響的企業，或(a)(i)中所述個人為企業（或企業母公司）的關鍵

管理人員。

關係密切的家庭成員是指在處理與企業的交易時有可能影響某人或受其影響的家庭成員。

(23) 分部報告

本集團以內部組織結構、管理要求、內部報告制度為依據確定經營分部，以經營分部為基礎確定報

告分部。本集團管理層定期審閱報告分部的經營業績，以決定向其配置資源及評估其表現。個別重

要的經營分部不會合計以供財務報告之用，但如該等經營分部的服務性質、客戶類型、提供服務的

方法以及監管環境的本質等經濟特性均屬類似，則作別論。個別不重要的經營分部如果符合以上大

部分條件，則可以合計為「其他分部」。

165鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

2 主要會計政策（續）

(24) 主要會計估計及判斷

(i) 發放貸款及墊款及金融投資（可供出售金融資產、持有至到期投資及貸款和應收款項類投資）

的減值

本集團定期審閱發放貸款及墊款及金融投資組合以評估是否存在任何減值損失及倘有任何減

值跡象，則評估該減值金額。減值客觀證據包括可觀察數據顯示發放貸款及墊款及金融投資

的預計未來現金流出現可衡量的減幅。此外，亦包括可觀察數據顯示債務人的還款狀況出現

不利變動、或國家或地方經濟狀況出現變動而導致拖欠還款。

個別評估減值的發放貸款及墊款及債務投資的減值損失為資產預計未來現金流量折現值的減

少淨額。倘整體評估減值的金融資產，乃根據與該金融資產具有類似信用風險特徵的資產的

過往損失而估計。過往損失乃根據可反映現時經濟狀況的相關可觀察數據及根據管理層過往

經驗作出的判斷而調整。管理層定期審查估計未來現金流量的方法及假設，以降低預計損失

與實際損失之間的任何差額。

可供出售權益投資的客觀減值證據包括投資公允價值的重大或長期下跌並且跌低於其成本。

當釐定公允價值是否出現重大或長期下跌時，本集團將考慮市場過往的波幅記錄及債務人的

信用狀況、財務狀況及相關行業的表現。

(ii) 金融工具的公允價值

對沒有活躍交易市場可提供報價的金融工具需要採用估值技術確定公允價值。估值技術包括

採用市場的最新交易信息，參照實質上相同的其他金融工具當前的公允價值、現金流量折現

法和期權定價模型等。本集團制定的估值模型盡可能多地採用市場信息並盡少採用本集團特

有數據。但請注意，估值模型使用的部分信息（例如信用和交易對手風險、風險相關系數等）

需要管理層進行估計。本集團定期審查上述估計和假設，必要時進行調整。

166 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

2 主要會計政策（續）

(24) 主要會計估計及判斷（續）

(iii) 持有至到期投資的分類

持有至到期投資是指到期日固定、回收金額固定或可確定，且本集團有明確意圖和能力持有

至到期的非衍生金融資產。在評價某金融資產是否符合歸類為持有至到期投資的條件時，管

理層需要做出重大判斷。如果對本集團是否有意圖和能力持有某項投資至到期日的判斷發生

偏差，可能會導致整個投資組合被重分類為可供出售金融資產。

(iv) 所得稅

確定相對計提所得稅涉及對某些交易未來稅務處理的判斷。本集團慎重評估各項交易的稅務

影響，並計提相應的所得稅。本集團定期根據更新的稅收法規重新評估這些交易的稅務影

響。遞延所得稅資產按可抵扣暫時性差異確認。遞延所得稅資產只會在未來期間很有可能有

足夠應納稅所得用作抵扣暫時性差異時確認，所以需要管理層判斷獲得未來應納稅所得的可

能性。管理層持續審查對遞延所得稅的判斷，如果預計未來很可能獲得能利用遞延所得稅資

產的未來應納稅所得，將確認相應的遞延所得稅資產。

(v) 非金融資產的減值

本集團定期對非金融資產進行審查，以確定資產賬面價值是否高於其可收回金額。如果任何

該等跡象存在，有關資產便會視為已減值。

由於本集團不能獲得資產（或資產組）的可靠公開市價，因此不能可靠估計資產的公允價值。

在評估未來現金流的現值時，需要對該資產的售價、相關經營成本以及計算現值時使用的折

現率等作出重大判斷以計算現值。本集團在估計可收回金額時會採用所有能夠獲得的相關數

據，包括根據合理和有依據的假設所作出有關售價和相關經營成本的預測。

(vi) 折舊及攤銷

在考慮其殘值後，物業及設備以及無形資產在估計使用壽命內按直線法計提折舊和攤銷。本

集團定期審查使用壽命，以確定將計入每個相關期間的折舊和攤銷費用數額。使用壽命根據

對同類資產的以往經驗並結合預期的技術改變而確定。如果有跡象表明用於確立折舊和攤銷

的因素發生變化，則會對折舊和攤銷費用進行調整。

167鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

2 主要會計政策（續）

(24) 主要會計估計及判斷（續）

(vii) 對被投資方控制的判斷

管理層基於其判斷確定本集團對於被投資方屬於代理人或是作為結構性主體資產管理者的委

託人。在確定其是否為代理人時，本行考慮的因素包括對被投資者決策權的範圍、其他方持

有的權利、根據協議取得的報酬以及承擔的可變回報的風險。

3 利息淨收入

2016年 2015年

利息收入

存放中央銀行利息收入 417,000 397,413存放同業及其他金融機構款項

及拆出資金利息收入 299,960 167,224發放貸款及墊款利息收入

－公司貸款和墊款 4,560,841 4,281,111－個人貸款和墊款 1,398,325 1,638,629－票據貼現 216,540 243,148買入返售金融資產利息收入 222,204 173,454金融投資利息收入 7,822,163 5,763,523應收融資租賃款利息收入 120,377 –

小計 15,057,410 12,664,502

利息支出

向中央銀行借款利息支出 (554) –同業及其他金融機構存放款項及拆入資金利息支出 (1,360,860) (1,500,215)吸收存款利息支出 (3,589,758) (3,196,241)賣出回購金融資產款利息支出 (531,658) (313,872)發行債券利息支出 (1,274,587) (747,662)

小計 (6,757,417) (5,757,990)

利息淨收入 8,299,993 6,906,512

其中：

已減值金融資產產生的利息收入 49,375 41,776

168 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

3 利息淨收入（續）

(1) 五年以上到期的金融負債相關的利息支出主要為吸收存款及已發行債券的利息支出。

(2) 截至2016年12月31日止年度非以公允價值計量且其變動計入當期損益的金融資產產生的利息收入

總額為人民幣146.33億元（2015年：人民幣119.23億元）。

截至2016年12月31日止年度非以公允價值計量且其變動計入當期損益的金融負債產生的利息支出

總額為人民幣67.57億元（2015年：人民幣57.58億元）。

4 手續費及佣金淨收入

2016年 2015年

手續費及佣金收入

代理及託管業務手續費 539,701 332,242

證券承銷及諮詢業務手續費 374,214 194,525

承兌及擔保手續費 116,631 136,361

銀行卡手續費 49,457 32,815

其他 179,797 49,695

小計 1,259,800 745,638

手續費及佣金支出 (45,359) (32,242)

手續費及佣金淨收入 1,214,441 713,396

5 交易淨收益

註 2016年 2015年

債券淨（損失）╱收益 (1) (95,104) 106,390

匯兌淨收益 (2) 174,371 20,871

合計 79,267 127,261

(1) 債券淨（損失）╱收益包括買賣以公允價值計量且其變動計入當期損益的金融資產及其公允價值變動產生的損益。

(2) 匯兌淨收益主要包括買賣即期外匯以及外幣貨幣性資產及負債折算成人民幣產生的收益。

169鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

6 投資淨收益

2016年 2015年

金融投資淨收益 207,995 26,622

合計 207,995 26,622

7 其他營業收入

2016年 2015年

租金收入 12,067 11,534政府補助 108,210 28,336出售物業及設備淨收益 24,456 39,859其他 34,057 7,731

合計 178,790 87,460

8 營業費用

註 2016年 2015年

職工薪酬費用

－工資、獎金及津貼 800,532 613,984－社會保險費及企業年金 161,123 129,563－補充退休福利 7,315 7,108－職工福利費 144,687 115,028－住房公積金 47,085 37,789－其他職工福利 33,119 46,004

小計 1,193,861 949,476

折舊及攤銷 212,689 157,282租金及物業管理費 176,053 145,450辦公費用 77,423 77,622稅金及附加 212,439 423,776其他一般及行政費用 (1) 562,059 499,154

合計 2,434,524 2,252,760

(1) 截至2016年12月31日止年度核數師酬金為人民幣350萬元（2015年為人民幣220萬元）。

170 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

9 董事及監事酬金

根據香港公司條例第383(1)節及公司（披露董事利益資料）規例的第二部分，本行董事和監事酬金如下：

截至2016年12月31日止年度

姓名 註 袍金 薪金 酌定花紅

社會保險福利、住房公積金等

單位繳存部分

扣除所得稅前的酬金總額 遞延支付款項

已付薪酬實際

金額（稅前）

執行董事王天宇 – 917 1,834 235 2,986 917 2,069申學清 – 871 1,742 211 2,824 871 1,953馮濤 (2) – 481 963 37 1,481 481 1,000

非執行董事樊玉濤 – – – – – – –馬金偉 36 – – – 36 – 36張敬國 36 – – – 36 – 36梁嵩巍 – – – – – – –姬宏俊 36 – – – 36 – 36于章林 (2) – – – – – – –

獨立非執行董事王世豪 180 – – – 180 – 180李懷珍 180 – – – 180 – 180謝太峰 180 – – – 180 – 180吳革 180 – – – 180 – 180陳美寶 180 – – – 180 – 180

監事趙麗娟 (2) – 806 1,605 208 2,619 802 1,817湯雲為 150 – – – 150 – 150劉煜輝 150 – – – 150 – 150孟君 36 – – – 36 – 36段萍 – 174 397 104 675 – 675張春閣 – 102 539 102 743 – 743徐長生 (2) 80 – – – 80 – 80朱志暉 36 – – – 36 – 36崔華瑞 – 163 942 180 1,285 – 1,285

前執行董事張榮順 (2) – 825 1,651 218 2,694 825 1,869

前非執行董事馬磊 (2) – – – – – – –徐建新 (2) 11 – – – 11 – 11

前獨立非執行董事范大路 (2) 196 – – 53 249 – 249張聖平 (2) 70 – – – 70 – 70

合計 1,737 4,339 9,673 1,348 17,097 3,896 13,201

171鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

9 董事及監事酬金（續）

截至2015年12月31日止年度

姓名 註 袍金 薪金 酌定花紅

社會保險福利、住房

公積金等單位繳存部分

扣除所得稅前

的酬金總額遞延

支付款項

已付薪酬實際

金額（稅前）

執行董事王天宇 – 893 1,468 219 2,580 877 1,703申學清 – 849 1,394 189 2,432 833 1,599張榮順 – 804 1,321 205 2,330 790 1,540

非執行董事樊玉濤 (1) – – – – – – –馬金偉 (1) 18 – – – 18 – 18徐建新 33 – – – 33 – 33張敬國 33 – – – 33 – 33梁嵩巍 – – – – – – –姬宏俊 – – – – – – –馬磊 9 – – – 9 – 9

獨立非執行董事王世豪 165 – – – 165 – 165李懷珍 (1) 90 – – – 90 – 90謝太峰 (1) 90 – – – 90 – 90吳革 (1) 90 – – – 90 – 90陳美寶 (1) 90 – – – 90 – 90

監事范大路 – 804 1,321 202 2,327 790 1,537湯雲為 135 – – – 135 – 135劉煜輝 135 – – – 135 – 135孟君 33 – – – 33 – 33段萍 – 168 321 94 583 – 583張春閣 – 112 354 93 559 – 559張聖平 (1) 75 – – – 75 – 75朱志暉 (1) 18 – – – 18 – 18崔華瑞 (1) – 518 915 130 1,563 – 1,563

前執行董事喬均安 (1) – – – – – – –

前非執行董事劉睿 (1) – – – – – – –朱志暉 (1) 15 – – – 15 – 15

前獨立非執行董事王振民 (1) 75 – – – 75 – 75魏新 (1) 75 – – – 75 – 75

合計 1,179 4,148 7,094 1,132 13,553 3,290 10,263

172 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

9 董事及監事酬金（續）

(1) 本行於2015年6月18日召開2014年度股東大會，喬均安先生不再擔任本行董事；選舉樊玉濤先生和馬金偉先生為本行非執行董事；且劉睿先生和朱志暉先生不再擔任本行非執行董事；選舉李懷珍先生、謝太峰先生、吳革先生及陳美寶女士為本行獨立非執行董事；且王振民先生和魏新先生不再擔任本行獨立非執行董事；選舉張聖平先生、朱志暉先生及崔華瑞女士為本行監事。

(2) 本行於2016年6月17日召開2015年度股東大會，張榮順不再擔任本行執行董事，馬磊、徐建新不再擔任本行非執行董事；選舉馮濤為本行執行董事，于章林為本行非執行董事；范大路不再擔任本行監事及監事長，且張聖平不再擔任本行監事；選舉趙麗娟為本行監事、監事長，徐長生為本行監事。

10 最高酬金人士

五位酬金最高人士中分別包括本行2名董事及1名監事（2015：3名董事及1名監事），其酬金於附註9披露。於報告期內本集團最高薪金五名人士中其餘人士的薪金列示如下：

2016年 2015年

薪金及其他酬金 1,604 804

酌定花紅 3,210 1,321

社會保險福利、住房公積金等單位繳存部分 413 184

合計 5,227 2,309

扣除個人所得稅前的酬金在以下範圍內的人士如下：

2016年 2015年

人民幣2,000,001 –2,500,000元 – 1

人民幣2,500,001 –3,000,000元 2 –

合計 2 1

173鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

11 資產減值損失

2016年 2015年

發放貸款及墊款 1,972,362 1,124,585應收款項類投資 285,000 130,000應收融資租賃款 57,789 –其他 31,221 42,941

合計 2,346,372 1,297,526

12 所得稅費用

(1) 所得稅費用：

附註 2016年 2015年

當期稅項 1,587,104 1,252,757遞延稅項 24 (379,020) (244,369)以前年度所得稅調整 4,363 (2,316)

合計 1,212,447 1,006,072

(2) 所得稅與會計利潤的關係如下：

註 2016年 2015年

稅前利潤 5,257,033 4,361,742

法定稅率 25% 25%

按法定稅率計算的所得稅 1,314,258 1,090,435不可抵稅支出 22,487 8,998免稅收入 (i) (128,661) (91,045)

小計 1,208,084 1,008,388

以前年度所得稅調整 4,363 (2,316)

所得稅 1,212,447 1,006,072

(i) 免稅收入包括中國國債利息收入、境內公司股息及應佔聯營公司利潤等收入，免稅收入根據中國稅收法規豁免繳納

所得稅。

174 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

13 基本及稀釋每股收益

註 2016年 2015年

歸屬於本行普通股股東的淨利潤 3,998,768 3,356,371

普通股加權平均數（千股） (1) 5,306,932 3,971,521

歸屬於本行普通股股東的基本及稀釋每股收益（人民幣元） 0.75 0.85

由於本行於本年並無任何具有稀釋影響的潛在股份，所以基本及稀釋每股收益並無任何差異。

(1) 普通股加權平均數（千股）

2016年 2015年

年初普通股股數 5,141,932 3,941,932

新增普通股加權平均數 165,000 29,589

普通股加權平均數 5,306,932 3,971,521

14 現金及存放中央銀行款項

註

2016年

12月31日

2015年

12月31日

庫存現金 956,980 854,463

存放中央銀行

－法定存款準備金 (1) 27,768,576 23,963,735

－超額存款準備金 (2) 13,824,798 8,059,847

－財政性存款 36,008 130,262

小計 41,629,382 32,153,844

合計 42,586,362 33,008,307

175鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

14 現金及存放中央銀行款項（續）

(1) 本行按相關規定向中國人民銀行繳存法定存款準備金。於各報告期末，本行適用的法定準備金繳存

比率如下：

2016年

12月31日

2015年

12月31日

人民幣存款繳存比率 13.5% 15.0%

外幣存款繳存比率 5.0% 5.0%

上述法定存款準備金不可用於本集團的日常業務運作。

本行子公司的人民幣存款準備金繳存比率按中國人民銀行相應規定執行。

(2) 存放於中國人民銀行的超額存款準備金主要用於資金清算用途。

15 存放同業及其他金融機構款項

按交易對手類型和所在地區分析

2016年

12月31日

2015年

12月31日

存放中國境內款項

－銀行 347,715 3,706,367

－其他金融機構 873,854 2,000

小計 1,221,569 3,708,367

存放中國境外款項

－銀行 193,359 3,970,711

合計 1,414,928 7,679,078

176 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

16 拆出資金

2016年12月31日

2015年

12月31日

拆放中國境內款項

－銀行 11,758,215 5,519,560

合計 11,758,215 5,519,560

17 以公允價值計量且其變動計入當期損益的金融資產

註

2016年12月31日

2015年

12月31日

債券投資 (1) 8,551,297 13,001,517

投資基金 394,800 –

合計 8,946,097 13,001,517

(1) 持有作交易用途債券

中國內地

－政府 519,614 1,046,670

－政策性銀行 4,218,398 7,678,199

－銀行及其他金融機構 3,809,461 2,005,729

－企業實體 3,824 2,270,919

小計 8,551,297 13,001,517

持有作交易用途––交易性債券投資以公允價值列示，並由

下列機構發行：

－香港以外地區上市 519,614 1,326,995

－非上市 8,031,683 11,674,522

小計 (i) 8,551,297 13,001,517

(i) 於報告期末，以公允價值計量且其變動計入當期損益的金融資產中有部分用於回購協議交易的質押（附註41(6)），其他部分

無此類回購協議質押限制。

177鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

18 買入返售金融資產

(1) 按交易對手類型和所在地區分析

2016年

12月31日

2015年

12月31日

中國境內

－銀行 3,678,558 3,284,329

－其他金融機構 1,441,010 6,431,976

合計 5,119,568 9,716,305

(2) 按擔保物類型分析

2016年

12月31日

2015年

12月31日

債券 3,812,610 9,716,305

票據 1,306,958 –

合計 5,119,568 9,716,305

178 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

19 發放貸款及墊款

(1) 按性質分析

2016年

12月31日

2015年

12月31日

公司貸款和墊款 81,254,576 67,009,033

個人貸款和墊款

－個人經營性貸款 11,750,766 12,025,020

－個人住房按揭貸款 6,861,790 5,827,735

－個人消費貸款 4,841,835 3,709,418

－購車貸款 490,848 772,051

－信用卡 870,069 507,212

－其他 8 13

小計 24,815,316 22,841,449

票據貼現 5,022,347 4,443,244

發放貸款及墊款總額 111,092,239 94,293,726

減：減值損失準備

－個別方式評估 (536,463) (386,153)

－組合方式評估 (2,922,369) (2,303,137)

減值損失準備總額 (3,458,832) (2,689,290)

發放貸款及墊款賬面價值 107,633,407 91,604,436

179鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

19 發放貸款及墊款（續）

(2) 按客戶行業分佈情況分析

2016年12月31日

金額 比例

有抵押

貸款和墊款

批發和零售業 29,897,940 26.91% 15,395,515

製造業 13,054,621 11.75% 4,240,768

建築業 10,687,023 9.62% 6,463,753

房地產業 8,737,171 7.87% 7,389,971

租賃和商務服務業 4,092,399 3.68% 1,277,101

農、林、牧、漁業 3,619,829 3.26% 2,166,841

水利、環境和公共設施管理 2,087,799 1.88% 1,820,585

採礦業 1,508,926 1.36% 456,130

電力、熱力、燃氣及水的生產和供應業 1,390,580 1.25% 261,680

交通運輸、倉儲和郵政服務業 1,360,934 1.23% 402,372

住宿和餐飲業 1,081,650 0.97% 784,357

公共管理、社會保障和社會組織 914,058 0.82% –

文化、體育和娛樂業 210,300 0.19% 40,750

其他 2,611,346 2.35% 675,321

公司貸款和墊款小計 81,254,576 73.14% 41,375,144

個人貸款和墊款 24,815,316 22.34% 16,865,959

票據貼現 5,022,347 4.52% 2,401,298

發放貸款及墊款總額 111,092,239 100.00% 60,642,401

180 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

19 發放貸款及墊款（續）

(2) 按客戶行業分佈情況分析（續）

2015年12月31日

金額 比例

有抵押

貸款和墊款

批發和零售業 23,617,884 25.05% 11,437,210

製造業 14,101,155 14.95% 5,355,919

房地產業 7,349,608 7.79% 6,117,108

建築業 7,279,108 7.72% 4,442,330

農、林、牧、漁業 3,865,628 4.10% 2,093,740

採礦業 1,848,987 1.96% 982,220

租賃和商務服務業 1,411,799 1.50% 701,640

水利、環境和公共設施管理 1,331,330 1.41% 734,030

公共管理、社會保障和社會組織 1,260,000 1.34% –

住宿和餐飲業 1,231,101 1.31% 893,751

交通運輸、倉儲和郵政服務業 1,132,722 1.20% 261,296

電力、熱力、燃氣及水的生產和供應業 940,570 1.00% 352,960

文化、體育和娛樂業 434,780 0.46% 12,780

其他 1,204,361 1.28% 629,263

公司貸款和墊款小計 67,009,033 71.07% 34,014,247

個人貸款和墊款 22,841,449 24.22% 15,518,581

票據貼現 4,443,244 4.71% 4,266,226

發放貸款及墊款總額 94,293,726 100.00% 53,799,054

181鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

19 發放貸款及墊款（續）

(2) 按客戶行業分佈情況分析（續）

下表列示於各報告期末佔發放貸款及墊款總額10%或以上的行業中，已減值貸款和墊款及相應的

減值損失準備的詳情：

2016年12月31日 已減值貸款

和墊款個別評估減值準備

組合評估減值準備

當年計提的減值準備

當年核銷金額

批發和零售業 373,063 152,737 1,022,650 843,830 439,737製造業 688,535 322,270 500,415 317,696 101,000

2015年12月31日 已減值貸款

和墊款個別評估減值準備

組合評估減值準備

當年計提的減值準備

當年核銷金額

批發和零售業 365,212 132,053 758,045 362,543 50,560製造業 493,202 206,208 577,843 382,267 75,362

(3) 按擔保方式分佈情況分析

2016年12月31日

2015年12月31日

信用貸款 7,659,802 1,316,185保證貸款 42,790,036 39,178,487抵押貸款 33,254,544 30,193,828質押貸款 27,387,857 23,605,226

發放貸款及墊款總額 111,092,239 94,293,726

減：減值損失準備－個別方式評估 (536,463) (386,153)－組合方式評估 (2,922,369) (2,303,137)

減值損失準備總額 (3,458,832) (2,689,290)

發放貸款及墊款賬面價值 107,633,407 91,604,436

182 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

19 發放貸款及墊款（續）

(4) 已逾期貸款的逾期期限分析

2016年12月31日

逾期

3個月以內

（含3個月）

逾期

3個月至1年

（含1年）

逾期

1年以上

3年以內

（含3年）

逾期3

年以上 合計

信用貸款 4,884 2,254 590 – 7,728

保證貸款 2,353,023 1,069,032 246,806 – 3,668,861

抵押貸款 642,044 373,859 97,625 530 1,114,058

質押貸款 217,572 90,990 3,500 – 312,062

合計 3,217,523 1,536,135 348,521 530 5,102,709

佔發放貸款及墊款

總額的百分比 2.90% 1.38% 0.31% 0.00% 4.59%

2015年12月31日

逾期

3個月以內

（含3個月）

逾期

3個月至1年

（含1年）

逾期

1年以上

3年以內

（含3年）

逾期

3年以上 合計

信用貸款 674 5,524 36 – 6,234

保證貸款 1,112,777 649,401 245,607 – 2,007,785

抵押貸款 369,060 164,701 55,015 530 589,306

質押貸款 265,452 21,038 3,500 – 289,990

合計 1,747,963 840,664 304,158 530 2,893,315

佔發放貸款及墊款總額

的百分比 1.86% 0.89% 0.32% 0.00% 3.07%

183鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

19 發放貸款及墊款（續）

(5) 貸款和墊款及減值損失準備分析

2016年12月31日

已減值貸款和墊款

按組合方式

評估減值準備

的貸款和墊款

其減值準備

按組合方式評估

其減值準備

按個別方式評估 總額

已減值貸款和

墊款總額

佔貸款和

墊款總額的

百分比

發放貸款及墊款總額 109,635,175 240,777 1,216,287 111,092,239 1.31%

減：減值損失準備 (2,821,668) (100,701) (536,463) (3,458,832)

發放貸款及墊款賬面價值 106,813,507 140,076 679,824 107,633,407

2015年12月31日

已減值貸款和墊款

按組合方式

評估減值準備

的貸款和墊款

其減值準備

按組合方式評估

其減值準備

按個別方式評估 總額

已減值貸款和

墊款總額

佔貸款和墊款

總額的百分比

發放貸款及墊款總額 93,253,593 50,110 990,023 94,293,726 1.10%

減：減值損失準備 (2,282,729) (20,408) (386,153) (2,689,290)

發放貸款及墊款賬面價值 90,970,864 29,702 603,870 91,604,436

184 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

19 發放貸款及墊款（續）

(6) 減值損失準備變動情況

2016年

已減值貸款和墊款減值準備

按組合方式

評估的貸款

和墊款減值

準備

按組合方式

評估

按個別方式

評估 合計

年初餘額 2,282,729 20,408 386,153 2,689,290

本年計提 699,255 253,857 1,113,765 2,066,877

本年轉回 – – (94,515) (94,515)

本年收回 – 2,490 3,000 5,490

本年處置 – – (265,471) (265,471)

本年核銷 (160,316) (176,054) (557,094) (893,464)

折現回撥 – – (49,375) (49,375)

年末餘額 2,821,668 100,701 536,463 3,458,832

2015年

已減值貸款和墊款減值準備

按組合方式

評估的貸款

和墊款減值

準備

按組合方式

評估

按個別方式

評估 合計

年初餘額 1,534,704 5,287 219,933 1,759,924

本年計提 788,537 26,996 404,848 1,220,381

本年轉回 – – (95,796) (95,796)

本年收回 – – 4 4

本年核銷 (40,512) (11,875) (101,060) (153,447)

折現回撥 – – (41,776) (41,776)

年末餘額 2,282,729 20,408 386,153 2,689,290

185鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

20 金融投資

註

2016年12月31日

2015年12月31日

可供出售金融資產 (1) 6,301,789 11,206,015持有至到期投資 (2) 49,671,048 23,901,914應收款項類投資 (3) 118,224,916 65,105,660

合計 174,197,753 100,213,589

(1) 可供出售金融資產

註

2016年12月31日

2015年12月31日

按公允價值計量的債務證券

－政府 – 2,834,921－政策性銀行 1,202,185 3,886,937－企業實體 119,091 115,816

小計 1,321,276 6,837,674

債務證券分類

－香港境外上市 – 2,834,921－非上市 1,321,276 4,002,753

小計 1,321,276 6,837,674

其他債務投資

－非上市 4,972,113 4,359,941

按成本計量的權益投資 (i)－非上市 8,400 8,400

合計 6,301,789 11,206,015

(i) 部分非上市的可供出售權益投資無市場報價，其公允價值難以合理計量。該等可供出售權益投資以成本扣除減值準

備列示。

186 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

20 金融投資（續）

(2) 持有至到期投資

註

2016年

12月31日

2015年

12月31日

債務證券

－政府 14,263,579 8,100,048

－政策性銀行 27,448,753 9,662,990

－銀行及其他金融機構 3,107,483 1,042,158

－企業實體 4,851,233 5,096,718

合計 49,671,048 23,901,914

債券投資分類

－香港境外上市 16,051,048 11,324,541

－非上市 33,620,000 12,577,373

合計 (i) 49,671,048 23,901,914

(i) 於2016年和2015年報告期末，持有至到期投資中有部分用於回購協議交易的質押（附註41(6)），其他部分無此類質

押限制。

(ii) 截至2016年12月31日和2015年12月31日止年度，本集團沒有提前處置尚未到期的持有至到期類債券資產。

187鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

20 金融投資（續）

(3) 應收款項類投資

2016年12月31日

2015年

12月31日

信託計劃項下的投資管理產品 52,794,468 29,146,231

證券公司管理的投資管理產品 45,079,359 31,328,899

保理及融資租賃受益權計劃 13,150,125 2,065,543

其他 7,720,977 2,800,000

小計 118,744,929 65,340,673

減：減值損失準備

－個別計提 (25,428) (25,428)

－組合計提 (494,585) (209,585)

減值損失準備小計 (520,013) (235,013)

合計 118,224,916 65,105,660

21 應收融資租賃款

2016年12月31日

2015年

12月31日

最低租賃收款額 6,645,653 –

減：未實現融資收益 (866,803) –

應收融資租賃款現值 5,778,850 –

減：減值準備

－組合計提 (57,789) –

賬面價值 5,721,061 –

188 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

21 應收融資租賃款（續）

應收融資租賃款，未實現融資收益和最低租賃收款額按剩餘期限分析如下：

2016年12月31日 2015年12月31日

最低租賃

收款額

未實現融資

收益

應收融資

租賃款現值

最低租賃

收款額

未實現融資

收益

應收融資

租賃款現值

1年以內 1,432,250 (312,201) 1,120,049 – – –

1至2年 1,669,236 (242,447) 1,426,789 – – –

2至3年 1,247,086 (163,861) 1,083,225 – – –

3至5年 2,220,050 (136,482) 2,083,568 – – –

5年以上 77,031 (11,812) 65,219 – – –

6,645,653 (866,803) 5,778,850 – – –

22 對子公司和聯營公司的投資

(1) 對子公司的投資

於報告期末本集團子公司的概要情況如下：

名稱 股權比例 表決權比例 實收資本 本行投資額

成立及

註冊地點 業務範圍

2016年 2015年 2016年 2016年

% % %

扶溝鄭銀村鎮銀行股份

有限公司 50.20 50.20 50.20 60,000 30,120 中國 銀行業

河南九鼎金融租賃股份

有限公司 51.00 – 51.00 1,000,000 510,000 中國 租賃業

(a) 扶溝鄭銀村鎮銀行股份有限公司成立於2015年12月3日，河南九鼎金融租賃股份有限公司成

立於2016年3月23日。

(b) 河南九鼎金融租賃股份有限公司系本行與鄭州宇通客車股份有限公司及河南天倫燃氣集團有

限公司於2016年3月23日共同發起設立，註冊資本為人民幣10億元。

189鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

22 對子公司和聯營公司的投資（續）

(2) 對聯營公司投資

2016年

12月31日

2015年

12月31日

對聯營公司投資 255,195 195,625

合計 255,195 195,625

下表載列的聯營公司對於本集團並非個別重大，均為非上市企業實體，且無法取得市場報價：

權益╱表決權比例 成立及註冊地點 業務範圍

名稱 註

2016年

12月31日

2015年

12月31日

% %

中牟鄭銀村鎮銀行股份有限公司 (a) 18.53 19.72 中國河南 銀行業

新密鄭銀村鎮銀行股份有限公司 20.00 20.00 中國河南 銀行業

鄢陵鄭銀村鎮銀行股份有限公司 30.00 30.00 中國河南 銀行業

新鄭鄭銀村鎮銀行股份有限公司 20.00 – 中國河南 銀行業

(a) 本集團在中牟鄭銀村鎮銀行股份有限公司的董事會擁有席位，對其有重大影響。

下表載列不屬個別重大的本集團聯營公司匯總信息：

2016年12月31日 2015年12月31日

於本集團合併財務狀況表內不屬個別重大的聯營公司的匯總賬面價值 255,195 195,625

本集團分佔該等聯營公司業績的總金額

－持續經營業務產生的利潤 57,443 50,777

－其他綜合收益 – –

－綜合收益總額 57,443 50,777

190 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

23 物業及設備

房屋及建築物 電子設備 交通工具

辦公設備以及其他 在建工程 合計

成本於2015年1月1日 978,471 296,840 15,275 134,412 106,861 1,531,859本年增加 391,488 105,051 – 66,071 – 562,610本年處置 (63,082) (3) – (16,291) – (79,376)

於2015年12月31日 1,306,877 401,888 15,275 184,192 106,861 2,015,093

本年增加 101,472 71,077 1,464 40,741 29,213 243,967本年處置 (749) (7,231) (2,356) (24,653) – (34,989)

於2016年12月31日 1,407,600 465,734 14,383 200,280 136,074 2,224,071

累計折舊於2015年1月1日 (155,174) (138,551) (10,838) (64,720) – (369,283)

本年計提 (28,308) (43,042) (1,571) (36,035) – (108,956)本年處置 56,302 2 – 15,407 – 71,711

於2015年12月31日 (127,180) (181,591) (12,409) (85,348) – (406,528)

本年計提 (38,876) (65,555) (1,203) (42,090) – (147,724)本年處置 711 6,832 2,239 23,393 – 33,175

於2016年12月31日 (165,345) (240,314) (11,373) (104,045) – (521,077)

減值準備於2015年1月1日 (1,355) (1,893) – (756) – (4,004)

增加╱減少 – – – – – –

於2015年12月31日 (1,355) (1,893) – (756) – (4,004)

增加╱減少 – – – – – –

於2016年12月31日 (1,355) (1,893) – (756) – (4,004)

賬面淨值於2015年12月31日 1,178,342 218,404 2,866 98,088 106,861 1,604,561

於2016年12月31日 1,240,900 223,527 3,010 95,479 136,074 1,698,990

191鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

23 物業及設備（續）

截至2016年12月31日，未辦理完產權手續的房屋的賬面淨值為人民幣3.08億元（2015年12月31日：人民

幣4.76億元）。本集團正在辦理該等房屋及建築物的產權手續。本集團管理層預期在辦理產權手續上不會

產生重大成本。

於報告期末房屋及建築物的賬面淨值按土地租約的剩餘年期分析如下：

2016年

12月31日

2015年

12月31日

於中國境內持有

－中期租約（10至50年） 1,235,010 1,171,535

－短期租約（少於10年） 5,890 6,807

合計 1,240,900 1,178,342

24 遞延所得稅資產

(1) 按性質分析

2016年12月31日 2015年12月31日

可抵扣╱

（應納稅）

暫時性差異

遞延所得稅

稅資產╱

（負債）

可抵扣╱

（應納稅）

暫時性差異

遞延所得稅

稅資產╱

（負債）

資產減值準備 3,602,040 900,510 2,133,012 533,253

應付職工薪酬 215,640 53,910 235,287 58,822

金融資產公允價值變動 (1,580) (395) (56,546) (14,137)

預計負債 57,040 14,260 42,941 10,735

子公司可抵扣虧損 5,493 1,373 1,877 470

遞延所得稅資產 3,878,633 969,658 2,356,571 589,143

192 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

24 遞延所得稅資產（續）

(2) 按變動分析

2016年

1月1日

在損益中

確認

在其他綜合

收益中確認

2016年

12月31日

資產減值準備 533,253 367,257 – 900,510

應付職工薪酬 58,822 (3,885) (1,027) 53,910

金融資產公允價值變動 (14,137) 11,220 2,522 (395)

預計負債 10,735 3,525 – 14,260

子公司可抵扣虧損 470 903 – 1,373

遞延所得稅資產 589,143 379,020 1,495 969,658

2015年

1月1日

在損益中

確認

在其他綜合

收益中確認

2015年

12月31日

資產減值準備 287,819 245,434 – 533,253

應付職工薪酬 53,730 (4,164) 9,256 58,822

金融資產公允價值變動 (4,344) (7,136) (2,657) (14,137)

預計負債 970 9,765 – 10,735

子公司可抵扣虧損 – 470 – 470

遞延所得稅資產 338,175 244,369 6,599 589,143

25 其他資產

註

2016年

12月31日

2015年

12月31日

應收利息 (1) 1,940,495 1,209,680

無形資產 (2) 146,905 107,691

預付款項 3,429,019 943,754

租賃物改良 131,789 122,338

其他應收款項 198,530 107,505

合計 5,846,738 2,490,968

193鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

25 其他資產（續）

(1) 應收利息

2016年12月31日

2015年12月31日

應收利息產生自：－投資 1,536,913 939,159－發放貸款及墊款 238,092 193,915－其他 184,887 96,003

小計 1,959,892 1,229,077減：減值準備 (19,397) (19,397)

合計 1,940,495 1,209,680

(2) 無形資產

2016年 2015年

成本

年初餘額 165,494 123,005本年增加 64,027 43,089本年減少 – (600)

年末餘額 229,521 165,494

累計攤銷

年初餘額 (57,658) (37,639)本年攤銷 (24,813) (20,328)本年減少 – 309

年末餘額 (82,471) (57,658)

減值準備

年初餘額 (145) (145)增加╱減少 – –

年末餘額 (145) (145)

淨值

年初餘額 107,691 85,221

年末餘額 146,905 107,691

194 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

26 向中央銀行借款

2016年

12月31日

2015年

12月31日

向中央銀行借款 77,000 –

合計 77,000 –

27 同業及其他金融機構存放款項

2016年

12月31日

2015年

12月31日

中國境內存放款項

－銀行 24,601,073 20,164,974

－其他金融機構 1,207,180 1,288,204

合計 25,808,253 21,453,178

28 拆入資金

2016年

12月31日

2015年

12月31日

中國境內

－銀行 18,505,611 5,755,300

－非銀行金融機構 600,000 –

小計 19,105,611 5,755,300

中國境外

－銀行 – 64,936

合計 19,105,611 5,820,236

195鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

29 賣出回購金融資產款

(1) 按交易對手類型及所在地區分析

2016年

12月31日

2015年

12月31日

中國境內

－人民銀行 27,000,000 370,000

－銀行 5,887,510 16,004,600

－其他金融機構 363,860 3,228,000

合計 33,251,370 19,602,600

(2) 按擔保物類別分析

2016年

12月31日

2015年

12月31日

債券 33,251,370 19,602,600

合計 33,251,370 19,602,600

196 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

30 吸收存款

2016年

12月31日

2015年

12月31日

活期存款

– 公司存款 77,197,449 62,770,877

– 個人存款 16,177,507 12,976,427

小計 93,374,956 75,747,304

定期存款

– 公司存款 54,782,696 34,241,395

– 個人存款 44,647,136 34,105,833

小計 99,429,832 68,347,228

保證金存款

– 承兌匯票保證金 19,581,940 21,332,895

– 擔保保證金 1,871,430 2,086,058

– 信用證保證金 983,350 681,180

– 其他 817,970 712,199

小計 23,254,690 24,812,332

其他 330,162 288,607

合計 216,389,640 169,195,471

197鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

31 已發行債券

註

2016年

12月31日

2015年

12月31日

已發行金融債券 (1) 2,600,000 5,000,000

已發行二級資本債券 (2) 4,997,944 2,000,000

已發行同業存單 37,062,502 20,039,068

合計 44,660,446 27,039,068

(1) 於2013年5月發行的固定利率金融債券人民幣50億元，詳細信息如下：

a. 已發行三年期固定利率金融債券人民幣24億元，於2016年5月到期；票面利率為4.58%╱年。

b. 已發行五年期固定利率金融債券人民幣26億元，票面利率為4.80%╱年。

(2) 已發行二級資本債券

於2014年12月發行的固定利率二級資本債人民幣20億元期限為10年，票面利率為5.73%╱年。

於2016年12月發行的固定利率二級資本債人民幣30億元期限為10年，票面利率為4.10%╱年。

32 其他負債

註

2016年

12月31日

2015年

12月31日

應付利息 (1) 3,095,586 2,542,902

應付職工薪酬 (2) 367,387 353,046

久懸未取款項 80,985 80,200

代收代付款項 146,229 112,026

應付股息 23,373 20,770

預計負債 57,040 42,941

其他 634,003 1,030,816

合計 4,404,603 4,182,701

198 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

32 其他負債（續）

(1) 應付利息

2016年12月31日

2015年

12月31日

應付利息產生自：

– 吸收存款 2,587,932 1,947,342

– 同業及其他金融機構存放和拆入款項 398,501 438,160

– 已發行債券 82,372 150,156

– 賣出回購金融資產款 26,740 7,244

– 向中央銀行借款 41 –

合計 3,095,586 2,542,902

(2) 應付職工薪酬

註

2016年

12月31日

2015年

12月31日

應付工資、獎金及津貼 132,572 104,201

應付職工福利 4,529 –

應付社保和年金 2,613 –

應付住房津貼 131 13

工會經費和職工教育經費 11,902 13,545

應付補充退休福利 (a) 215,640 235,287

合計 367,387 353,046

(a) 補充退休福利（「SRB」）

本集團的補充退休福利包括提前退休計劃和補充退休計劃。提前退休計劃是本集團向自願同

意在退休年齡前退休的職工，在提前退休日至法定退休日期間支付提前退休褔利金。補充退

休計劃是本集團向合資格職工提供的福利。

本集團對符合條件的職工支付補充退休福利。於財務狀況表確認的金額代表報告期末承諾支

付的預計福利責任的折現值。本集團於報告期末的應付補充退休福利是由獨立精算師美世諮

詢（中國）有限公司採用預期累計福利單位法進行審閱。美世諮詢（中國）有限公司聘用了美國

精算師協會會員。

199鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

32 其他負債（續）

(2) 應付職工薪酬（續）

(a) 補充退休福利（「SRB」）（續）

(i) 本集團補充退休福利餘額如下：

2016年12月31日

2015年

12月31日

提前退休計劃現值 41,664 54,796

補充退休計劃現值 173,976 180,491

合計 215,640 235,287

(ii) 本集團補充退休福利變動如下：

2016年 2015年

1月1日餘額 235,287 214,918

本年支付的福利 (22,855) (23,762)

計入損益的設定福利成本 7,315 7,108

計入其他綜合收益的設定福利成本 (4,107) 37,023

12月31日餘額 215,640 235,287

(iii) 本集團採用的主要精算假設為：

2016年12月31日

2015年

12月31日

提前退休計劃

折現率 2.80% 2.50%

退休年齡

– 男性 60 60

– 女性 55 55

內部薪金每年增長率 8.00% 8.00%

200 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

32 其他負債（續）

(2) 應付職工薪酬（續）

(a) 補充退休福利（「SRB」）（續）

(iii) 本集團採用的主要精算假設為：（續）

2016年

12月31日

2015年

12月31日

補充退休計劃

折現率 3.50% 3.40%

退休年齡

– 男性 60 60

– 女性 55 55

33 股本

已發行股本

2016年

12月31日

2015年

12月31日

境內人民幣普通股 3,803,932 3,821,932

境外上市外資普通股（H股） 1,518,000 1,320,000

合計 5,321,932 5,141,932

於2015年12月，本行公開發行12億股每股面值人民幣1元的H股股份，每股發行價為3.85港元（「H股股份發行」）。H股股份發行產生的溢價人民幣25.62億元記入資本公積。同時，根據國有股減持相關規定，1.2億元境內普通股股本被劃轉至全國社會保障基金理事會並轉換為H股的股份。

於2016年1月20日，本行已經完成1.8億股H股股份（H股超額配售權）的發行和售股股東提呈發售的0.18億股的銷售工作，每股發行價格為3.85元港幣，本行已收到通過行使H股超額配售權發售H股股票所獲得的貨幣資金，其中新增實收資本（股本）金額為人民幣1.8億元，扣除相關發行費用及應付全國社會保障基金理事會款項後的股本溢價人民幣3.92億元記入資本公積。

以上所有H股已自2016年1月20日起在香港聯合交易所有限公司上市。

所有人民幣普通股及境外上市外資股（H股）在宣派、派付或作出的一切股息或分派將享有同等地位。

201鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

34 儲備

(1) 資本公積

2016年 2015年12月31日 12月31日

股本溢價 2,990,312 2,597,890其他 63,892 64,674

合計 3,054,204 2,662,564

(2) 盈餘公積

於報告期末的盈餘公積包括法定盈餘公積金及任意盈餘公積金。

根據中華人民共和國公司法及公司章程，本行在彌補以前年度虧損後需按淨利潤（按中華人民共和

國財政部（「財政部」）頒佈的《企業會計準則》及相關規定釐定）的10%提取法定盈餘公積金。法定盈餘公積金累計額達到本行註冊資本的50%時，可以不再提取。2016年度本行提取了約人民幣3.95億元的法定盈餘公積金（2015年度：人民幣3.36億元）。

本行亦根據股東決議提取任意盈餘公積金。

(3) 一般準備

自2012年7月1日起，根據財政部頒佈的《金融企業準備金計提管理辦法》（財金[2012]20號）的相關規定，本行每年需從淨利潤中提取一般準備作為利潤分配，一般準備不應低於風險資產期末餘額的

1.5%。2016年度本行提取了約人民幣13.65億元的一般準備（2015年度：人民幣8.5億元）。

(4) 投資重估儲備

2016年 2015年

1月1日餘額 10,405 2,436

計入其他綜合收益的公允價值變動 33,961 10,998於處置後轉至損益的公允價值變動 (44,047) (372)減：遞延所得稅 2,522 (2,657)

小計 (7,564) 7,969

12月31日餘額 2,841 10,405

202 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

34 儲備（續）

(5) 設定受益計劃重估儲備

設定受益計劃重估儲備指重估設定受益計劃負債淨額而產生的稅後精算利得或損失。

2016年 2015年

1月1日餘額 (55,339) (27,572)

設定受益計劃重估儲備 4,107 (37,023)

減：遞延所得稅 (1,027) 9,256

小計 3,080 (27,767)

12月31日餘額 (52,259) (55,339)

203鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

34 儲備（續）

(6) 權益組成部分的變動

本集團各項合併權益年初及年末變動載於合併權益變動表。本行於報告期間各項權益年初及年末變

動載列如下：

附註 股本 資本公積 盈餘公積 一般準備

投資

重估儲備

設定受益

計劃重估儲備 未分配利潤 合計

2016年1月1日餘額 5,141,932 2,662,564 1,237,793 3,163,200 10,405 (55,339) 5,634,991 17,795,546

淨利潤 – – – – – – 3,951,001 3,951,001

其他綜合收益 – – – – (7,564) 3,080 – (4,484)

綜合收益總額 – – – – (7,564) 3,080 3,951,001 3,946,517

股本變動

– H股發行 33 180,000 392,422 – – – – – 572,422

其他 – (782) – – – – – (782)

小計 180,000 391,640 – – – – – 571,640

利潤分配：

– 提取盈餘公積 34(2) – – 395,100 – – – (395,100) –

– 提取一般準備 34(3) – – – 1,350,000 – – (1,350,000) –

– 現金股息 35 – – – – – – (1,064,386) (1,064,386)

小計 – – 395,100 1,350,000 – – (2,809,486) (1,064,386)

2016年12月31日餘額 5,321,932 3,054,204 1,632,893 4,513,200 2,841 (52,259) 6,776,506 21,249,317

204 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

34 儲備（續）

(6) 權益組成部分的變動（續）

附註 股本 資本公積 盈餘公積 一般準備

投資

重估儲備

設定受益

計劃重估儲備 未分配利潤 合計

2015年1月1日餘額 3,941,932 100,327 902,085 2,313,200 2,436 (27,572) 4,173,170 11,405,578

淨利潤 – – – – – – 3,357,077 3,357,077

其他綜合收益 – – – – 7,969 (27,767) – (19,798)

綜合收益總額 – – – – 7,969 (27,767) 3,357,077 3,337,279

股本變動

– H股發行 33 1,200,000 2,562,237 – – – – – 3,762,237

小計 1,200,000 2,562,237 – – – – – 3,762,237

利潤分配：

– 提取盈餘公積 34(2) – – 335,708 – – – (335,708) –

– 提取一般準備 34(3) – – – 850,000 – – (850,000) –

– 現金股息 35 – – – – – – (709,548) (709,548)

小計 – – 335,708 850,000 – – (1,895,256) (709,548)

2015年12月31日餘額 5,141,932 2,662,564 1,237,793 3,163,200 10,405 (55,339) 5,634,991 17,795,546

205鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

35 利潤分配

(1) 本行於2017年3月25日董事會審議提議，本行截至2016年12月31日止年度的利潤分配方案為向全

體現有股東派發現金股息，每10股派人民幣2.20元（稅前），共計約人民幣11.71億元。

上述2016年度股利分配方案尚待股東大會審議批准。

(2) 經本行於2016年6月17日舉行的2015年度股東大會審議通過，本行截至2015年12月31日止年度

的利潤分配方案為向全體現有股東派發現金股息，每10股派人民幣2.00元（稅前），共計約人民幣

10.64億元。

(3) 經本行於2015年6月18日舉行的2014年度股東大會審議通過，本行截至2014年12月31日止年度

的利潤分配方案為向全體現有股東派發現金股息，每10股派人民幣1.80元（稅前），共計約人民幣

7.10億元。

36 合併現金流量表附註

現金及現金等價物包括：

2016年

12月31日

2015年

12月31日

庫存現金 956,980 854,463

存放中央銀行款項 13,824,798 8,059,847

存放同業及其他金融機構款項（原始到期日為3個月及以內） 1,341,021 5,599,950

合計 16,122,799 14,514,260

206 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

37 關聯方關係及交易

(1) 關聯方關係

(a) 主要股東

主要股東包括本行持股5%或以上的股東。

對本行的持股比例：

2016年

12月31日

2015年

12月31日

鄭州市財政局 9.22% 9.55%

豫泰國際（河南）房地產開發有限公司 4.92% 5.10%

(b) 本行的子公司及聯營公司

有關本行子公司及聯營公司的詳細信息載於附註22。

(c) 其他關聯方

其他關聯方可為自然人或法人，包括本行董事、監事、高級管理人員及與其關係密切的家庭

成員，以及本行董事、監事、高級管理人員及與其關係密切的家庭成員控制的或共同控制的

實體及其子公司及附註37(1)(a)所載本行主要股東或其控股股東控制或共同控制的實體。其

他關聯方亦包括本行退休福利計劃（附註32(2)）。

207鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

37 關聯方關係及交易（續）

(2) 關聯交易及餘額

本集團關聯交易主要是發放貸款和吸收存款。本集團與關聯方的交易均按照一般商業條款和正常業

務程序進行，其定價原則與獨立第三方交易一致。

(a) 與主要股東之間的交易

2016年12月31日

2015年12月31日

年末餘額：

吸收存款 473,204 236,362應付利息 50 24其他負債 64,285 64,285

2016年 2015年

本年交易：

利息支出 725 1,332

(b) 與子公司之間的交易

2016年12月31日

2015年12月31日

年末餘額：

同業及其他金融機構存放款項 450,774 40,000應付利息 556 7

2016年 2015年

本年交易：

利息支出 8,204 7

與子公司之間的重大往來金額及交易均已在合併財務報表中抵銷。

208 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

37 關聯方關係及交易（續）

(2) 關聯交易及餘額（續）

(c) 與聯營公司之間的交易

2016年12月31日

2015年

12月31日

年末餘額：

存放和拆放同業及其他金融機構款項 50,900 270,000

應收利息 1,330 1,671

其他資產 – 1,288

同業及其他金融機構存放和拆入款項 169,982 922,938

應付利息 37 1,435

2016年 2015年

本年交易：

利息收入 8,632 11,921

利息支出 30,069 73,404

(d) 與其他重要關聯方之間的交易

2016年12月31日

2015年

12月31日

年末餘額：

發放貸款及墊款 1,941,111 240,465

以公允價值計量且其變動計入當期損益的金融資產 – 70,008

持有至到期投資 – 100,000

應收款項類投資 1,500,000 5,533,880

應收利息 4,534 17,446

吸收存款 4,285,915 4,440,166

同業及其他金融機構存放和拆入款項 114,674 335,712

應付利息 4,760 1,845

209鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

37 關聯方關係及交易（續）

(2) 關聯交易及餘額（續）

(d) 與其他重要關聯方之間的交易（續）

2016年 2015年

本年交易：

利息收入 191,728 357,701

利息支出 52,633 52,367

(3) 關鍵管理人員

(a) 與關鍵管理人員之間的交易

2016年

12月31日

2015年

12月31日

年末餘額：

發放貸款及墊款 8,582 12,121

應收利息 11 17

吸收存款 19,258 6,519

應付利息 4 2

2016年 2015年

本年交易：

利息收入 348 614

利息支出 88 32

210 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

37 關聯方關係及交易（續）

(3) 關鍵管理人員（續）

(b) 關鍵管理人員薪酬

2016年 2015年

薪金及其他酬金 11,531 11,116

酌定花紅 21,135 16,852

社會保險福利、住房公積金等單位繳存部分 2,751 2,597

合計 35,417 30,565

本行於2016年度和2015年度均未提供給關鍵管理人員退休福利計劃、離職計劃及其他長期

福利等支出。

(c) 向關鍵管理人員發放貸款

本行於報告期向董事、監事及高級職員發放貸款乃根據第622章新香港公司條例附表11第78

條，參考第32章前香港公司條例第161條披露列示如下：

2016年

12月31日

2015年

12月31日

年末未償還貸款餘額 8,582 12,121

年內發放貸款最高金額合計 19,832 24,785

於2016年12月31日及2015年12月31日，此等貸款並無逾期未償付利息，或就有關貸款進行

任何減值撥備。

211鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

38 分部報告

(1) 業務分部

本集團按業務條線將業務劃分為不同的營運組別，從而進行業務管理。本集團的經營分部已按與內

部報送信息一致的方式列報，這些內部報送信息是提供給本集團管理層以向分部分配資源並評價分

部業績。本集團以經營分部為基礎，確定了下列報告分部：

公司銀行業務

該分部向公司類客戶、政府機關和金融機構提供多種金融產品和服務，包括企業貸款和墊款、貿易

融資、存款服務、融資租賃、代理服務及匯款和結算服務。

零售銀行業務

該分部向個人客戶提供多種金融產品和服務，包括個人貸款、存款服務、銀行卡服務、個人理財服

務、匯款和結算服務及收付款代理服務等。

資金業務

該分部經營本集團的資金業務，包括於銀行間進行同業拆借交易、回購交易、債券投資和買賣。資

金業務分部還對本集團流動性頭寸進行管理，包括發行債券。

其他業務

該分部主要包括權益投資及相關收益以及不能構成單個報告分部的任何其他業務。

分部資產及負債和分部收入、費用及經營業績是按照本集團會計政策計量。

內部收費及轉讓定價是參考市場價格確定，並已在各分部的業績中反映。與第三方交易產生的利息

收入和支出以「對外利息淨收入╱支出」列示，內部收費及轉讓定價調整所產生的利息淨收入和支出

以「分部間利息淨收入╱支出」列示。

分部收入、支出、資產與負債包含直接歸屬某一分部，以及可按合理的基準分配至該分部的項目

（除了遞延所得稅資產之外）。分部收入、支出、資產和負債包含在編製財務報表時抵銷的內部往來

的餘額和內部交易。分部資本性支出是指在相關期間內分部購入的物業及設備、無形資產及其他長

期資產所發生的支出總額。

212 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

38 分部報告（續）

2016年公司銀行業務 零售銀行業務 資金業務 其他業務 合計

營業收入

對外利息淨收入 2,876,115 600,720 4,823,158 – 8,299,993分部間利息淨收入╱（支出） 501,471 344,227 (845,698) – –

利息淨收入 3,377,586 944,947 3,977,460 – 8,299,993手續費及佣金淨收入 517,463 90,485 606,493 – 1,214,441交易淨收益 – – 79,267 – 79,267投資淨收益 – – 207,995 – 207,995其他營業收入 – – – 178,790 178,790

營業收入 3,895,049 1,035,432 4,871,215 178,790 9,980,486營業費用 (1,112,862) (417,344) (867,596) (36,722) (2,434,524)資產減值損失 (1,674,808) (386,564) (285,000) – (2,346,372)

營業利潤 1,107,379 231,524 3,718,619 142,068 5,199,590應佔聯營公司利潤 – – – 57,443 57,443

稅前利潤 1,107,379 231,524 3,718,619 199,511 5,257,033

其他分部信息

– 折舊及攤銷 114,133 63,716 34,840 – 212,689

– 資本性支出 191,695 107,016 58,517 4,021 361,249

2016年12月31日公司銀行業務 零售銀行業務 資金業務 其他業務 合計

分部資產 121,525,598 37,659,309 204,406,701 1,586,706 365,178,314遞延所得稅資產 969,658

資產合計 366,147,972

分部負債╱負債合計 153,771,965 65,315,377 124,399,087 800,168 344,286,597 信貸承諾 62,277,614 1,005,794 – – 63,283,408

213鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

38 分部報告（續）

2015年公司銀行業務 零售銀行業務 資金業務 其他業務 合計

營業收入 對外利息淨收入 2,507,005 885,784 3,513,723 – 6,906,512分部間利息 淨收入╱（支出） 635,080 355,203 (990,283) – –

利息淨收入 3,142,085 1,240,987 2,523,440 – 6,906,512手續費及佣金淨收入 263,905 65,216 384,275 – 713,396交易淨收益 – – 127,261 – 127,261投資淨收益 – – 26,622 – 26,622其他營業收入 – – – 87,460 87,460

營業收入 3,405,990 1,306,203 3,061,598 87,460 7,861,251營業費用 (1,185,472) (532,300) (494,883) (40,105) (2,252,760)資產減值損失 (1,120,166) (47,360) (130,000) – (1,297,526)

營業利潤 1,100,352 726,543 2,436,715 47,355 4,310,965應佔聯營公司利潤 – – – 50,777 50,777

稅前利潤 1,100,352 726,543 2,436,715 98,132 4,361,742

其他分部信息

– 折舊及攤銷 91,756 49,387 16,139 – 157,282

– 資本性支出 115,953 62,696 29,676 – 208,325

2015年12月31日公司銀行業務 零售銀行業務 資金業務 其他業務 合計

分部資產 92,492,299 33,121,050 138,268,499 1,152,098 265,033,946遞延所得稅資產 589,143

資產合計 265,623,089

分部負債╱負債合計 121,873,977 49,903,368 74,846,462 1,175,263 247,799,070

信貸承諾 44,718,520 463,151 – – 45,181,671

214 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

38 分部報告（續）

(2) 地區信息

本集團主要是於中國河南省經營，本集團主要客戶和資產均位於中國河南省。

39 風險管理

於日常營業中，本集團金融工具使用方面所面臨的主要風險包括：信用風險、利率風險、外匯風險及流

動性風險。本集團在下文主要論述上述風險敞口及其形成原因，風險管理目標、計量及管理這些風險的

政策及程序等。

本集團謀求使用金融工具時取得風險與收益間的恰當平衡及將潛在不利影響減至最低。

董事會為本集團風險管理政策的最高決策者及通過風險管理委員會監督本集團的風險管理職能。本集團

制定風險管理政策的目的是識別和分析本集團所面對的風險，以設定適當的風險限額和控制，監控本集

團的風險水平。本集團會定期重檢這些風險管理政策及有關控制系統，以適應市場情況或經營活動的改

變。

高級管理層為本集團風險管理框架的最高實行者，並直接向董事會風險管理委員會報告。根據董事會定

下的風險管理策略，高級管理層負責建立及實行風險管理政策及系統，並監管、識別和控制不同業務面

對的風險。

(1) 信用風險

信用風險是指債務人或交易對手沒有履行合同約定的對本集團的義務或承諾而使本集團可能蒙受損

失的風險。信用風險主要來自貸款組合、債券投資組合及各種形式的擔保。

信貸業務

董事會負責制定本集團風險管理戰略和可接受的總體風險水平，並對本集團的風險控制程序進行監

察和對風險狀況及風險管理策略進行定期評估，確保不同業務的各類信用風險均得到適當發現、評

估、計算及監察。風險管理部負責信用風險管理。公司業務部、零售業務部、小企業金融事業部、

金融同業部及金融市場部均根據本集團的風險管理政策及程序進行信貸業務和投資組合類業務。

215鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

39 風險管理（續）

(1) 信用風險（續）

本集團採用貸款風險分類方法管理貸款組合風險。貸款按風險程度分為正常、關注、次級、可疑及

損失五類。後三類被視為已減值貸款和墊款，當一項或多項事件發生證明客觀減值證據存在，並可

能出現損失時，該貸款被界定為已減值貸款和墊款。減值損失將視情況以組合或個別方式評估。

貸款和墊款的五個類別的主要定義列示如下：

正常： 借款人能夠履行合同，沒有足夠理由懷疑貸款本息不能按時足額償還。

關註： 儘管借款人目前有能力償還貸款本息，但存在一些可能對償還產生不利影響

的因素。

次級： 借款人的還款能力出現明顯問題，完全依靠其正常營業收入無法足額償還貸

款本息，即使執行擔保，也可能會造成一定損失。

可疑： 借款人無法足額償還貸款本息，即使執行擔保，也肯定要造成較大損失。

損失： 在採取所有可能的措施或一切必要的法律程序之後，本息仍然無法收回，或

只能收回極少部份。

資金業務

本集團的資金業務所面對的信用風險是由投資業務和同業業務產生的。本集團通過應用資金業務及

同業業務的內部信用評級設定信用額度來管理信用風險敞口。集團通過系統實時監控信用風險敞

口，並會定期重檢及調整信用額度。

(a) 最大信用風險敞口

本集團所承受的最大信用風險敞口為報告期末每項金融資產的賬面價值。於報告期末就表外

項目承受的最大信用風險敞口已在附註41(1)中披露。

216 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

39 風險管理（續）

(1) 信用風險（續）

資金業務（續）

(b) 發放貸款及墊款

2016年12月31日

2015年12月31日

發放貸款及墊款總餘額

– 未逾期未減值 105,873,597 91,397,779– 已逾期未減值 3,761,578 1,855,814– 已減值 1,457,064 1,040,133

小計 111,092,239 94,293,726

減：減值損失準備

– 未逾期未減值 (2,326,501) (2,016,712)– 已逾期未減值 (495,167) (266,017)– 已減值 (637,164) (406,561)

小計 (3,458,832) (2,689,290)

淨值

– 未逾期未減值 103,547,096 89,381,067– 已逾期未減值 3,266,411 1,589,797– 已減值 819,900 633,572

總計 107,633,407 91,604,436

(i) 未逾期未減值

未逾期未減值的發放貸款及墊款的信用風險分析如下：

2016年12月31日

2015年12月31日

企業貸款和墊款 82,357,390 68,848,711個人貸款和墊款 23,516,207 22,549,068

合計 105,873,597 91,397,779

217鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

39 風險管理（續）

(1) 信用風險（續）

資金業務（續）

(b) 發放貸款及墊款（續）

(ii) 已逾期未減值

下表為於報告期末已逾期未減值的本集團各類發放貸款及墊款的逾期分析。

2016年12月31日 逾期1個月

以內

（含1個月）逾期1至3個月（含3個月）

逾期3個月至1年（含1年） 逾期1年以上 合計

企業貸款和墊款 843,744 1,564,393 279,922 15,186 2,703,245個人貸款和墊款 328,796 468,962 260,175 400 1,058,333

合計 1,172,540 2,033,355 540,097 15,586 3,761,578

2015年12月31日

逾期1個月

以內

（含1個月）

逾期1至3個月

（含3個月）

逾期3個月至1

年（含1年） 逾期1年以上 合計

企業貸款和墊款 475,701 1,042,178 95,664 – 1,613,543

個人貸款和墊款 102,780 88,845 50,286 360 242,271

合計 578,481 1,131,023 145,950 360 1,855,814

2016年12月31日

2015年

12月31日

已逾期未減值貸款和墊款的抵押物的公允價值 3,051,757 1,210,164

以上抵押物主要包括土地、房屋、機器及設備等。抵押物的公允價值由本集團按可取

得到的最近期外部估值估算，並考慮處置經驗及現有市場情況後作出調整。

218 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

39 風險管理（續）

(1) 信用風險（續）

資金業務（續）

(b) 發放貸款及墊款（續）

(iii) 已減值貸款

2016年

12月31日

2015年

12月31日

原值

企業貸款和墊款 1,216,287 990,023

個人貸款和墊款 240,777 50,110

小計 1,457,064 1,040,133

佔貸款和墊款總額% 1.31% 1.10%

減值準備

企業貸款和墊款 (536,463) (386,153)

個人貸款和墊款 (100,701) (20,408)

小計 (637,164) (406,561)

淨值

– 企業貸款和墊款 679,824 603,870

– 個人貸款和墊款 140,076 29,702

合計 819,900 633,572

持有已減值貸款和墊款抵押物的公允價值 697,242 274,355

以上抵押物主要包括土地、房屋、機器及設備等。抵押物的公允價值由本集團按可取

得到的最近期外部估值估算，並考慮處置經驗及現有市場情況後作出調整。

219鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

39 風險管理（續）

(1) 信用風險（續）

資金業務（續）

(b) 發放貸款及墊款（續）

(iv) 已重組的貸款和墊款

重組是基於自願或在一定程度上由法院監督的程序，通過此程序，本集團與借款人

及╱或其擔保人（如有）重新確定貸款條款。重組通常因借款人的財務狀況惡化或借款

人無法如期還款而做出。只有在借款人經營具有良好前景的情況下，本集團才會考慮

重組不良貸款。此外，本集團在批准貸款重組前，通常會要求增加擔保、質押及╱或

抵押物，或要求由還款能力較強的借款人承擔。重組最常見於定期貸款。2016年12月

31日本集團無重組貸款（2015年12月31日：無）。

(c) 應收同業及其他金融機構款項

本集團採用內部信貸評級方法來管理應收同業及其他金融機構款項的信用風險。應收同業及

其他金融機構款項（包括存放同業及其他金融機構款項、拆出資金及交易對手為同業及非銀

行金融機構的買入返售金融資產）的信用評級的分佈列示如下：

2016年

12月31日

2015年

12月31日

賬面值

未逾期未減值

– A至AAA級 15,781,416 21,345,497

– B至BBB級 1,635,441 1,101,104

– 無評級 875,854 468,342

合計 18,292,711 22,914,943

220 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

39 風險管理（續）

(1) 信用風險（續）

資金業務（續）

(d) 債券

債券的信用風險主要來自發行人可能不履行付款或清盤。由不同發行人發行的債券通常帶有

不同程度的信用風險。

下表提供按發行人種類劃分的本集團債券信用風險敞口總額的分析：

2016年

12月31日

2015年

12月31日

賬面值

未逾期未減值

– 政府 14,783,193 11,981,639

– 政策性銀行 32,869,336 21,228,126

– 銀行及其他金融機構 6,916,944 3,047,887

– 企業實體 4,974,148 7,483,453

合計 59,543,621 43,741,105

221鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

39 風險管理（續）

(1) 信用風險（續）

資金業務（續）

(e) 應收款項類投資

2016年

12月31日

2015年

12月31日

應收款項類投資總額

未逾期未減值 118,429,929 64,330,673

已逾期未減值 225,000 920,000

已減值 90,000 90,000

小計 118,744,929 65,340,673

減：減值準備

未逾期未減值 (417,727) (200,245)

已逾期未減值 (76,858) (9,340)

已減值 (25,428) (25,428)

小計 (520,013) (235,013)

淨值

未逾期未減值 118,012,202 64,130,428

已逾期未減值 148,142 910,660

已減值 64,572 64,572

118,224,916 65,105,660

已逾期未減值應收款項類金融投資的

抵押物的公允價值 780,228 1,969,228

持有已減值應收款項類金融投資的

抵押物的公允價值 64,572 64,572

222 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

39 風險管理（續）

(2) 市場風險

市場風險是指因市場價格（利率、匯率、商品價格和股票價格等）的不利變動，而使本集團業務發生

損失的風險。市場風險管理旨在管理及監控市場風險，將潛在的市場風險損失維持在本集團可承受

的範圍內，實現經風險調整的收益最大化。

董事會負責審批執行市場風險管理的策略和政策，確定本集團可以承受的市場風險水平，並授權風

險管理委員會監督市場風險管理工作。計財部、貿易融資部、金融市場部和風險管理部負責識別、

計量、監測及報告市場風險。

本集團使用敏感性分析、利率重定價敞口分析、外匯敞口分析、壓力測試及有效久期分析來計量、

監測市場風險。

敏感性分析是以總體敏感度額度及每個檔期敏感度額度控制，按照不同期限分檔計算利率風險。

利率重定價敞口分析是衡量利率變動對當期損益影響的一種方法。具體而言，就是將所有生息資產

和付息負債按照利率重新定價的期限劃分到不同的時間段以匡算未來資產和負債現金流的缺口。

外匯敞口分析是衡量匯率變動對當期損益影響的一種方法。外匯敞口主要來源於本集團表內外業務

中的貨幣錯配。

壓力測試的結果是採用市場變量的壓力變動，對一系列前瞻性的情景進行評估，利用得出結果測量

對損益的影響。

有效久期分析是對各時段的敞口賦予相應的敏感性權重，得到加權敞口，然後對所有時段的加權敞

口進行匯總，以此估算利率變動可能會對本集團經濟價值產生的非線性影響。

223鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

39 風險管理（續）

(2) 市場風險（續）

(a) 利率風險

本集團的利率風險主要包括來自商業銀行業務的重定價風險和資金交易頭寸的風險。

(i) 重定價風險

重定價風險也稱為期限錯配風險，是最主要和最常見的利率風險形式，來源於銀行資

產、負債和表外業務到期期限（就固定利率而言）或重新定價期限（就浮動利率而言）存

在的差異。這種重新定價的不對稱使銀行的收益或內在經濟價值會隨着利率的變動而

變化。

計財部和風險管理部負責利率風險的識別、計量、監測和管理。本集團定期評估對利

率變動敏感的資產及負債重定價缺口以及利率變動對本集團利息淨收入的敏感性分

析。利率風險管理的主要目的是減少利率變動對利息淨收入和經濟價值的潛在負面影

響。

224 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

39 風險管理（續）

(2) 市場風險（續）

(a) 利率風險（續）

(i) 重定價風險（續）

下表列示報告期末資產與負債按預期下一個重定價日期（或到期日，以較早者為準）的

分佈：

2016年12月31日

合計 不計息

3個月內

（含3個月）

3個月至1年

（含1年）

1年至5年

（含5年） 5年以上

資產

現金及存放中央銀行款項 42,586,362 992,987 41,593,375 – – –

存放和拆放同業及其他金融機構款項 13,173,143 14,774 2,246,064 10,907,305 – 5,000

買入返售金融資產 5,119,568 – 5,119,568 – – –

發放貸款和墊款（註(1)） 107,633,407 – 88,385,736 18,629,953 600,530 17,188

投資（註(2)） 183,399,045 263,595 43,018,787 42,725,015 68,842,106 28,549,542

應收融資租賃款 5,721,061 – 5,721,061 – – –

其他 8,515,386 6,297,786 2,217,600 – – –

資產總計 366,147,972 7,569,142 188,302,191 72,262,273 69,442,636 28,571,730

負債

向中央銀行借款 77,000 – – 77,000 – –

同業及其他金融機構存放款項和拆入資金 44,913,864 – 14,429,075 29,784,789 700,000 –

賣出回購金融資產款 33,251,370 – 33,251,370 – – –

吸收存款 216,389,640 319,554 124,472,530 50,290,988 41,306,568 –

已發行債券 44,660,446 – 10,321,123 26,741,379 7,597,944 –

其他 4,994,277 4,994,277 – – – –

負債總額 344,286,597 5,313,831 182,474,098 106,894,156 49,604,512 –

資產負債缺口 21,861,375 2,255,311 5,828,093 (34,631,883) 19,838,124 28,571,730

225鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

39 風險管理（續）

(2) 市場風險（續）

(a) 利率風險（續）

(i) 重定價風險（續）

2015年12月31日

合計 不計息

3個月內

（含3個月）

3個月至1年

（含1年）

1年至5年

（含5年） 5年以上

資產

現金及存放中央銀行款項 33,008,307 984,725 32,023,582 – – –

存放和拆放同業及其他金融機構款項 13,198,638 120,885 5,549,064 7,098,689 430,000 –

買入返售金融資產 9,716,305 – 9,716,305 – – –

發放貸款和墊款（註(1)） 91,604,436 – 77,440,358 14,057,638 102,348 4,092

投資（註(2)） 113,410,731 204,026 36,666,203 18,861,466 49,287,032 8,392,004

其他 4,684,672 4,684,672 – – – –

資產總計 265,623,089 5,994,308 161,395,512 40,017,793 49,819,380 8,396,096

負債

同業及其他金融機構存放款項和拆入資金 27,273,414 – 9,373,114 16,500,300 1,400,000 –

賣出回購金融資產款 19,602,600 – 19,602,600 – – –

吸收存款 169,195,471 284,313 105,288,831 41,205,143 20,368,567 2,048,617

已發行債券 27,039,068 – 2,870,228 19,568,840 4,600,000 –

其他 4,688,517 4,688,517 – – – –

負債總額 247,799,070 4,972,830 137,134,773 77,274,283 26,368,567 2,048,617

資產負債缺口 17,824,019 1,021,478 24,260,739 (37,256,490) 23,450,813 6,347,479

(1) 本集團於2016年12月31日的「3個月內（含3個月）」發放貸款及墊款包括逾期貸款和墊款（扣除減值準

備後）人民幣40.86億元（2015年12月31日：人民幣22.23億元）

(2) 投資包括以公允價值計量且其變動計入當期損益的金融資產、可供出售金融資產、持有至到期投

資、應收款項類投資以及對聯營公司投資。本集團於2016年12月31日的「3個月內（含3個月）」逾期

投資（扣除減值準備後）為人民幣2.13億元（2015年12月31日：人民幣9.75億元）。

226 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

39 風險管理（續）

(2) 市場風險（續）

(a) 利率風險（續）

(ii) 利率敏感性分析

2016年12月31日

2015年12月31日

淨利潤變動 （減少）╱增加 （減少）╱增加

收益率曲線平行上移100個基點 (151,094) (27,612)收益率曲線平行下移100個基點 151,094 27,612

2016年12月31日

2015年12月31日

股東權益變動 （減少）╱增加 （減少）╱增加

收益率曲線平行上移100個基點 (175,169) (334,806)收益率曲線平行下移100個基點 175,169 334,806

上述敏感性分析基於一個靜態的利率風險資產負債敞口。有關的分析僅衡量一年內利

率變化，反映為一年內本集團資產和負債的重新定價按年化計算對本集團淨利潤和股

東權益的影響。上述敏感性分析基於以下假設：

– 所有在三個月內及三個月後但一年內重定價格或到期的資產及負債，均在各相

關期間的開始時點重定價格或到期；

– 收益率曲線隨利率變化而平行移動；

– 資產和負債組合併無其他變化，所有敞口在到期後會保持不變；及

– 該分析不考慮管理層進行的風險管理措施的影響。

由於基於上述假設，利率變動導致本集團淨利潤和股東權益出現的實際變化可能與此

敏感性分析的結果不同。

227鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

39 風險管理（續）

(2) 市場風險（續）

(b) 外匯風險

本集團的外匯風險主要來自客戶外幣貸款及存款。本集團通過將以外幣為單位的資產與相同

幣種的對應負債匹配來管理外匯風險。

本集團於報告期末的外匯風險敞口如下：

2016年12月31日 人民幣 美元

（折合人民幣）

其他

（折合人民幣）

合計

（折合人民幣）

資產

現金及存放中央銀行款項 41,924,686 658,977 2,699 42,586,362存放和拆放同業及其他金融機構款項 1,217,234 11,860,728 95,181 13,173,143買入返售金融資產 5,119,568 – – 5,119,568發放貸款及墊款 107,333,249 300,158 – 107,633,407投資（註(1)） 181,101,311 1,938,525 359,209 183,399,045應收融資租賃款 5,721,061 – – 5,721,061其他 8,405,561 109,825 – 8,515,386

資產總值 350,822,670 14,868,213 457,089 366,147,972

負債

向中央銀行借款 77,000 – – 77,000同業及其他金融機構存放和拆入資金 44,913,864 – – 44,913,864賣出回購金融資產款 33,251,370 – – 33,251,370吸收存款 203,931,962 12,457,528 150 216,389,640已發行債券 44,660,446 – – 44,660,446其他 4,849,474 144,615 188 4,994,277

負債總額 331,684,116 12,602,143 338 344,286,597

淨頭寸 19,138,554 2,266,070 456,751 21,861,375

表外信貸承擔 62,092,376 1,191,032 – 63,283,408

228 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

39 風險管理（續）

(2) 市場風險（續）

(b) 外匯風險（續）

2015年12月31日

人民幣 美元

（折合人民幣）

其他

（折合人民幣）

合計

（折合人民幣）

資產

現金及存放中央銀行款項 32,660,859 345,818 1,630 33,008,307

存放和拆放同業及其他金融機構款項 2,732,785 7,102,457 3,363,396 13,198,638

買入返售金融資產 9,716,305 – – 9,716,305

發放貸款及墊款 91,215,989 388,447 – 91,604,436

投資（註(1)） 113,410,731 – – 113,410,731

其他 4,684,672 – – 4,684,672

資產總值 254,421,341 7,836,722 3,365,026 265,623,089

負債

同業及其他金融機構存放和拆入資金 27,206,582 66,832 – 27,273,414

賣出回購金融資產款 19,602,600 – – 19,602,600

吸收存款 161,687,785 7,507,602 84 169,195,471

已發行債券 27,039,068 – – 27,039,068

其他 4,104,730 159,692 424,095 4,688,517

負債總額 239,640,765 7,734,126 424,179 247,799,070

淨頭寸 14,780,576 102,596 2,940,847 17,824,019

表外信貸承擔 44,998,428 183,243 – 45,181,671

(1) 投資包括以公允價值計量且其變動計入當期損益的金融資產、可供出售金融資產、持有至到期投資、貸款

及應收款項以及對聯營公司投資。

229鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

39 風險管理（續）

(2) 市場風險（續）

(b) 外匯風險（續）

2016年

12月31日

2015年

12月31日

稅後利潤及股東權益變動 增加╱（減少） 增加╱（減少）

匯率上升100個基點 2,944 3,515

匯率下降100個基點 (2,944) (3,515)

上述敏感度分析基於資產和負債具有靜態的匯率風險結構。有關的分析基於以下簡化假設：

– 匯率敏感度是指各幣種對人民幣匯率波動100個基點而造成的匯兌損益；

– 美元及其他貨幣對人民幣匯率同時同向波動。

– 外匯風險敞口計算包括即期、遠期外匯風險敞口和互換，其他變量（包括利率）保持不

變；及

– 不考慮本集團進行的風險管理措施的影響。

由於基於上述假設，匯率變化導致本集團淨利潤和股東權益出現的實際變化可能與此敏感性

分析的結果不同。

230 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

39 風險管理（續）

(3) 流動性風險

流動性風險是指商業銀行無法及時獲得充足資金或無法以合理成本及時獲得充足資金以應對資產增

長或支付到期債務的風險。這個風險在清償能力高的銀行亦存在。

本集團對流動性風險實行集中管理，建立了以風險管理委員會、資產負債管理委員會和計財部為核

心的流動性風險管理架構。各部門的責任如下：

– 風險管理委員會和資產負債管理委員會是本集團流動性管理的決策機構，負責制定流動性風

險管理的方針和政策；

– 計財部作為流動性風險管理的執行部門，負責落實流動性風險管理的相關政策、監測流動性

風險的各項指標、制定、執行和評價相關制度、設立風險警戒線、指導各業務部門進行流動

性風險的日常管理、定期開展風險分析，並向流動性風險管理委員會和資產負債管理委員會

匯報。

本集團通過監控資產及負債的期限情況管理流動性風險，同時積極監控多個流動性指標，包括存貸

比、流動性比例、備付金比例、流動性缺口率等。

本集團制定流動性風險應急預案，確保在各種市場情形下具有充足的流動性。

本集團資產的資金來源大部份為吸收存款。近年來本集團吸收存款持續增長，並且種類和期限類型

多樣化，成為主要的資金來源。

231鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

39 風險管理（續）

(3) 流動性風險（續）

(a) 到期日分析

本集團的資產與負債於報告期末根據相關剩餘到期還款日的分析如下：

2016年12月31日

無期限 實時償還

3個月內

（含3個月）

3個月至1年

（含1年）

1年至5年

（含5年） 5年以上 合計

資產

現金及存放中央銀行款項 27,804,585 14,781,777 – – – – 42,586,362

存放及拆放同業及其他金融機構款項 5,000 1,269,028 991,810 10,907,305 – – 13,173,143

買入返售金融資產 – – 5,119,568 – – – 5,119,568

發放貸款及墊款 2,979,993 1,964,833 19,674,888 57,376,160 17,644,019 7,993,514 107,633,407

投資 476,190 – 34,413,058 49,780,090 69,761,988 28,967,719 183,399,045

應收融資租賃款 – – 243,257 865,592 4,547,646 64,566 5,721,061

其他 2,815,553 90,285 2,850,573 2,264,771 489,172 5,032 8,515,386

資產總計 34,081,321 18,105,923 63,293,154 121,193,918 92,442,825 37,030,831 366,147,972

負債

向中央銀行借款 – – – 77,000 – – 77,000

同業及其他金融機構存放及拆入資金 – 1,170,375 13,258,700 29,784,789 700,000 – 44,913,864

賣出回購金融資產款 – – 33,251,370 – – – 33,251,370

吸收存款 – 96,415,037 28,377,046 50,290,989 41,306,568 – 216,389,640

已發行債券 – – 10,321,123 26,741,379 7,597,944 – 44,660,446

其他 – 384,061 3,820,997 174,192 498,307 116,720 4,994,277

負債總額 – 97,969,473 89,029,236 107,068,349 50,102,819 116,720 344,286,597

淨頭寸 34,081,321 (79,863,550) (25,736,082) 14,125,569 42,340,006 36,914,111 21,861,375

232 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

39 風險管理（續）

(3) 流動性風險（續）

(a) 到期日分析（續）

2015年12月31日

無期限 實時償還

3個月內（含

3個月）

3個月至1年

（含1年）

1年至5年

（含5年） 5年以上 合計

資產

現金及存放中央銀行款項 24,093,997 8,914,310 – – – – 33,008,307

存放及拆放同業及

其他金融機構款項 – 4,542,100 1,127,849 7,098,689 430,000 – 13,198,638

買入返售金融資產 – – 9,716,305 – – – 9,716,305

發放貸款及墊款 1,688,927 1,039,296 17,663,739 51,360,040 12,964,387 6,888,047 91,604,436

投資 1,178,893 – 21,820,316 31,020,965 50,585,461 8,805,096 113,410,731

其他 3,474,993 13,641 712,730 479,432 3,876 – 4,684,672

資產總計 30,436,810 14,509,347 51,040,939 89,959,126 63,983,724 15,693,143 265,623,089

負債

同業及其他金融機構存放

及拆入資金 – 1,031,282 8,341,832 16,500,300 1,400,000 – 27,273,414

賣出回購金融資產款 – – 19,602,600 – – – 19,602,600

吸收存款 – 77,193,149 28,379,995 41,205,143 20,368,567 2,048,617 169,195,471

已發行債券 – – 2,870,228 19,568,840 4,600,000 – 27,039,068

其他 – 639,158 3,025,859 216,721 679,372 127,407 4,688,517

負債總額 – 78,863,589 62,220,514 77,491,004 27,047,939 2,176,024 247,799,070

淨頭寸 30,436,810 (64,354,242) (11,179,575) 12,468,122 36,935,785 13,517,119 17,824,019

投資包括以公允價值計量且其變動計入當期損益的金融資產、可供出售金融資產、持有至到

期投資、貸款及應收款項以及對聯營公司投資。投資中的「無期限」類別包括所有已減值投

資，以及已逾期超過1個月投資，而逾期1個月內（含1個月）的未減值投資歸入「實時償還」類

別。

233鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

39 風險管理（續）

(3) 流動性風險（續）

(a) 到期日分析（續）

現金及存放中央銀行款項中的無期限金額是指存放於中國人民銀行的法定存款準備金與財政

性存款。股權投資亦於無期限中列示。發放貸款及墊款中的「無期限」類別包括所有已減值發

放貸款及墊款，以及已逾期超過一個月貸款，而逾期一個月內的未減值貸款歸入「實時償還」

類別。

(b) 金融負債未折現合同現金流量的分析

本集團非衍生金融負債於報告期末根據未經折現合同現金流量的分析如下：

2016年12月31日

賬面金額 合計 實時償還

3個月內

（含3個月）

3個月至1年

（含1年）

1年至5年（含5

年） 5年以上

向中央銀行借款 77000 78,585 – – 78,585 – –

同業及其他金融機構存放

和拆入資金 44,913,864 45,345,725 1,170,791 13,303,788 30,093,988 777,158 –

賣出回購金融資產款 33,251,370 33,298,280 – 33,298,280 – – –

吸收存款 216,389,640 221,986,731 96,432,137 29,198,997 52,073,946 44,281,651 –

已發行債券 44,660,446 46,426,344 – 10,370,000 27,612,400 8,443,944 –

非衍生金融負債總額 339,292,320 347,135,665 97,602,928 86,171,065 109,858,919 53,502,753 –

234 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

39 風險管理（續）

(3) 流動性風險（續）

(b) 金融負債未折現合同現金流量的分析（續）

2015年12月31日

賬面金額 合計 實時償還

3個月內（含

3個月）

3個月至1年

（含1年）

1年至5年

（含5年） 5年以上

同業及其他金融機構存放和拆入

資金 27,273,414 28,821,372 1,052,837 8,760,784 17,165,759 1,841,992 –

賣出回購金融資產款 19,602,600 19,624,862 – 19,624,862 – – –

吸收存款 169,195,471 173,574,743 77,204,247 29,092,212 42,385,175 22,843,431 2,049,678

已發行債券 27,039,068 28,362,720 – 2,880,000 20,289,320 5,193,400 –

非衍生金融負債總額 243,110,553 250,383,697 78,257,084 60,357,858 79,840,254 29,878,823 2,049,678

上述未經折現合同現金流量分析結果可能與這些非衍生金融負債的實際現金流量存在差異。

(4) 操作風險

操作風險是指由不完善或有問題的內部程序、人員、系統以及外部事件所造成損失的風險。

本集團制定操作風險管理的相關政策和程序，旨在識別、評估、監測、控制以及緩釋本集團的操作

風險，以減低操作風險損失。

本集團管理操作風險的措施主要包括：

– 利用風險預警系統，關注易出現風險的產品及業務流程和環節的早期風險預警，及時進行業

務風險評估，對主要業務領域進行集中風險管控，降低業務操作風險；

235鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

39 風險管理（續）

(4) 操作風險（續）

– 構築「現場與非現場」、「定期與不定期」、「自查與檢查」相結合的監督體系，運用統一的操作

風險管理工具，識別、監測、收集業務經營活動中出現的風險因素及風險信號，定期對操作

風險管理的充分性、有效性進行監督與評價；

– 前中後台分離，建立以各分支行、各業務條線為第一道防線，合規、風險管理部門為第二道

防線，內審辦公室為第三道防線的操作風險防控體系防控操作風險；

– 對關鍵崗位、重要環節人員實行強制休假或輪崗交流；

– 建立覆蓋所有員工的專業技能等級考評制度，根據各個崗位對於專業知識和技能的要求，通

過嚴格的資格考試和專業評價選拔合格的員工；及

– 建立應急管理體系及業務連續性體系。

(5) 資本管理

本集團主要通過資本充足率及資本回報率管理資本。資本充足率為本集團資本管理的核心，反映本

集團穩健經營和抵禦風險的能力。資本回報率反映資本的盈利能力。資本管理的主要目標為維持與

業務發展和預期資本回報相適應的均衡合理資本金額及架構。

本集團根據以下原則來管理資本：

– 根據本集團的業務戰略監控資產質量，及維持足夠資本以支持本集團的戰略發展計劃並符合

監管要求；及

– 識別、量化、監控、緩釋及控制本集團所面對的主要風險，並按照本集團所面臨的風險與風

險管理需求維持資本。

本集團定期監控資本充足率並在有必要的時候為資本管理計劃作調整以確保資本充足率符合監管要

求和業務發展需求。

236 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

39 風險管理（續）

(5) 資本管理（續）

本集團於2016年12月31日及2015年12月31日根據中國銀監會於2012年頒佈的《商業銀行資本管理

辦法（試行）》及相關規定計算的資本充足率如下：

註

2016年12月31日

2015年12月31日

核心一級資本總額

– 股本 5,321,932 5,141,932– 資本公積可計入部分 3,004,786 2,617,630– 盈餘公積 1,632,893 1,237,793– 一般準備 4,527,789 3,163,200– 未分配利潤 6,808,978 5,634,285– 少數股東資本可計入部分 363,130 23,218

核心一級資本 21,659,508 17,818,058核心一級資本扣除項目 (383,789) (284,259)

核心一級資本淨額 21,275,719 17,533,799其他一級資本 37,266 9

一級資本淨額 21,312,985 17,533,808

二級資本

– 可計入的已發行二級資本工具 5,000,000 2,000,000– 超額貸款損失準備 2,079,934 1,649,157– 少數股東資本可計入部分 70,962 18

二級資本淨額 7,150,896 3,649,175

總資本淨額 28,463,881 21,182,983

風險加權資產合計 (a) 242,109,283 173,696,609

核心一級資本充足率 8.79% 10.09%一級資本充足率 8.80% 10.09%資本充足率 11.76% 12.20%

237鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

39 風險管理（續）

(5) 資本管理（續）

(a) 資產負債表內及資產負債表外風險加權資產乃使用不同風險權重進行計量，風險權重乃根據各資產和交易對手方的

信用風險、市場風險及其他風險狀況以及任何合資格抵押品或擔保物釐定。

(b) 根據《商業銀行資本管理辦法（試行）過渡期安排相關事項的通知》的規定，中國銀監會要求商業銀行2016年末的資本

充足率、一級資本充足率和核心一級資本充足率分別不低於9.7%、7.7%和6.7%，2015年末的資本充足率、一級

資本充足率和核心一級資本充足率分別不低於9.3%、7.3%和6.3%。

40 公允價值

(1) 公允價值計量方法及假設

下表提供本集團在財務報告截止日以持續經營為基礎測算的金融工具公允價值，按照「國際財務報

告披露13號，公允價值計量」分類為三個公允價值層級。本集團根據如下所述估值技術的使用程度

以及可觀察度，區分公允價值的不同層級：

第一層級： 僅採用第一級輸入值計量的公允價值，即於計量日期相同資產或負債在活躍市場上的未

經調整報價；

第二層級： 採用第二級輪入值計量的公允價值，即未能符合第一級的可觀察輸入值且並無採用重大

不可觀察輸入值。不可觀察輸入值乃無法取得市場數據的輸入值；及

第三層級： 採用重大不可觀察輸入值計量的公允價值。

本集團已就公允價值的計量建立了相關的政策和內部監控機制，規範了金融工具公允價值計量框

架、公允價值計量方法及程序。

本集團於評估公允價值時採納以下方法及假設：

(a) 債券投資

對於存在活躍市場的債券，其公允價值是按報告期末的市場報價確定的。如果無市場報價，

則使用估值模型或現金流折現估算其公允價值。

(b) 應收款項及其他非衍生金融資產

公允價值根據預計未來現金流量的現值進行估計，折現率為報告期末的市場利率。

238 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

40 公允價值（續）

(1) 公允價值計量方法及假設（續）

(c) 已發行債券及其他非衍生金融負債

已發行債券的公允價值是按報告期末的市場報價確定或根據預計未來現金流量的現值進行估

計的。其他非衍生金融負債的公允價值是根據預計未來現金流量的現值進行估計的。折現率

為報告期末的市場利率。

(2) 按公允價值入賬的金融資產

下表列示按公允價值層級對以公允價值入賬的金融工具的分析：

2016年12月31日 第一層級 第二層級 第三層級 合計

持續以公允價值計量的資產

以公允價值計量且其變動計入 當期損益的金融資產

– 債券投資 519,614 8,031,683 – 8,551,297– 投資基金 – 394,800 – 394,800可供出售金融資產

– 債務工具 – 1,321,276 4,972,113 6,293,389

合計 519,614 9,747,759 4,972,113 15,239,486

2015年12月31日 第一層級 第二層級 第三層級 合計

持續以公允價值計量的資產

以公允價值計量且其變動計入 當期損益的金融資產

– 債券投資 1,326,995 11,674,522 – 13,001,517可供出售金融資產

– 債務工具 2,834,921 4,002,753 4,359,941 11,197,615

合計 4,161,916 15,677,275 4,359,941 24,199,132

報告期內，第一級與第二級工具之間、第二級與第三級工具之間並無轉換（2015年度：無轉換）。

本集團是在發生轉換當年的報告期末確認各層次之間的轉換。

239鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

40 公允價值（續）

(3) 以公允價值計量的的第三層級金融工具變動情況

下表列示按公允價值的第三層級金融資產和負債年初、年末餘額及本年度變動情況：

2016

年1月1日

本年損益

影響合計

本年其他綜合

收益影響合計 購入 售出╱結算

自第三層級

轉入第二層級

2016年

12月31日

金融資產：

可供出售金融資產

－債務工具 4,359,941 190,612 – 4,360,716 （3,939,156） – 4,972,113

2015年

1月1日

本年損益

影響合計

本年其他綜合

收益影響合計 購入 售出╱結算

自第三層級

轉入第二層級

2015年

12月31日

金融資產：

可供出售金融資產

－債務工具 1,106,420 91,949 – 4,279,941 （1,118,369） – 4,359,941

報告期內，採用包括不可觀察市場數據的估值技術進行估值的金融工具賬面價值不重大，且採用其

他合理的不可觀察假設替換模型中原有的不可觀察假設對公允價值計量結果的影響也不重大。

已確認的利得或損失均計入合併損益及其他綜合收益表中的「利息收入」科目。

240 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

40 公允價值（續）

(4) 未按公允價值計量的金融資產及負債的公允價值

2016年12月31日 賬面價值 公允價值 第一層級 第二層級 第三層級

金融資產

持有至到期投資 49,671,048 48,837,029 16,157,343 32,679,686 –

合計 49,671,048 48,837,029 16,157,343 32,679,686 –

金融負債

已發行債券

– 金融債券 2,600,000 2,617,631 – 2,617,631 –– 二級資本債 4,997,944 4,987,689 – 4,987,689 –– 同業存單 37,062,502 35,715,648 – 35,715,648 –

合計 44,660,446 43,320,968 – 43,320,968 –

2015年12月31日

賬面價值 公允價值 第一層級 第二層級 第三層級

金融資產

持有至到期投資 23,901,914 24,626,119 11,642,338 12,983,781 –

合計 23,901,914 24,626,119 11,642,338 12,983,781 –

金融負債

已發行債券

– 金融債券 5,000,000 5,078,718 – 5,078,718 –

– 二級資本債 2,000,000 2,088,728 – 2,088,728 –

– 同業存單 20,039,068 19,807,554 – 19,807,554 –

合計 27,039,068 26,975,000 – 26,975,000 –

存在例如證券交易所這樣的活躍市場時，市價最能反映金融工具的公允價值。當集團持有或發行的

金融資產或負債不存在市價時，可採用現金流折現或其他估值方法測量該類資產負債的公允價值。

241鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

40 公允價值（續）

(4) 未按公允價值計量的金融資產及負債的公允價值（續）

持有至到期投資、應付債券參考可獲得的市價來決定其公允價值。如果無法獲得可參考的市價，則

按定價模型或現金流折現法估算公允價值。

應收款項類投資按實際利率法以成本法計量。應收款項類投資金融工具的公允價值為其預計未來收

到的現金流量按照當前市場利率的折現值。大部分的應收款項類投資金融工具至少每年按照市場利

率進行重新定價，其賬面價值與其公允價值相若。

以上各種假設及方法為資產及負債公允價值的計算提供了統一的基礎。然而，由於其他機構可能會

使用不同的方法及假設，因此，各金融機構所披露的公允價值未必完全具有可比性。

由於下列金融工具期限較短或定期按市價重新定價等原因，其賬面價值與其公允價值相若：

資產 負債

現金及存放中央銀行款項 向中央銀行借款

存放同業及其他金融機構款 同業及其他金融機構存放款項

拆出資金 拆入資金

買入返售金融資產 賣出回購金融資產款

發放貸款及墊款 吸收存款

應收融資租賃款 其他金融負債

其他金融資產

242 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

41 承擔及或有負債

(1) 信貸承諾

本集團的信貸承諾包括銀行承兌匯票、未使用的信用卡額度、開出信用證及開出保函。

承兌是指本集團對客戶簽發的匯票作出的兌付承諾。本集團管理層預期大部份的承兌匯票均會同時

與客戶償付款項結清。未使用的信用卡額度合同金額為按信用卡合同全額支用的信用額度。本集團

提供財務擔保及信用證服務，以保證客戶向第三方履行合約。

2016年

12月31日

2015年

12月31日

銀行承兌匯票 58,122,706 41,388,973

開出信用證 2,984,292 2,294,599

開出保函 1,170,616 1,034,947

未使用的信用卡額度 1,005,794 463,152

合計 63,283,408 45,181,671

上述信貸業務為本集團可能承擔的信貸風險。本集團管理層定期評估其或有損失並在必要時確認預

計負債。由於有關授信額度可能在到期前未被使用，上述合同總額並不代表未來的預期現金流出。

(2) 信貸風險加權金額

2016年

12月31日

2015年

12月31日

或有負債及承諾的信貸風險加權金額 18,879,397 13,965,648

信貸風險加權金額指參照中國銀監會發出的指引計算的金額。風險權重乃根據交易對手的信貸狀

況、到期期限及其他因素確定。信貸承諾的風險權重由0%至150%不等。

243鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

41 承擔及或有負債（續）

(3) 經營租賃承諾

於2016年12月31日及2015年12月31日，根據不可撤銷的有關房屋經營租賃協議，本集團須在以下期間支付的最低租賃付款額為：

2016年12月31日

2015年12月31日

1年以內（含1年） 91,208 55,9411年以上5年以內（含5年） 244,262 164,6425年以上 165,679 126,891

合計 501,149 347,474

(4) 資本承諾

於2016年12月31日及2015年12月31日，本集團授權的資本承諾如下：

2016年12月31日

2015年12月31日

已訂約但未支付 267,792 133,239已授權但未訂約 72,643 173,411

合計 340,435 306,650

(5) 未決訴訟及糾紛

於2016年12月31日及2015年12月31日，本集團並無任何重大未決法律訴訟事項。

(6) 抵押資產

2016年12月31日

2015年12月31日

投資證券 32,934,901 20,332,689

合計 32,934,901 20,332,689

本集團抵押部分資產用作回購協議的擔保物。

244 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

42 在未納入合併財務報表範圍的結構化主體中的權益

(1) 在第三方機構發起成立的結構化主體中享有的權益

本集團通過直接持有投資而在第三方機構發起設立的結構化主體中享有權益。這些結構化主體未納

入本集團的合併財務報表範圍，主要包括信託理財管理計劃、證券資產管理計劃及金融機構發行的

理財產品。這些結構化主體的性質和目的主要是管理投資者的資產並賺取管理費，其融資方式是向

投資者發行投資產品。

於報告期末，本集團通過直接持有投資而在第三方機構發起設立的結構化主體中享有的權益的賬面

價值及其在本集團的財務狀況表的相關資產負債項目列示如下：

2016年12月31日

賬面值 最大風險敞口

金融投資

– 以公允價值計量且其變動計入當期損益的金融資產 394,800 394,800

– 可供出售金融資產 4,972,113 4,972,113

– 應收款項類投資 105,249,436 105,249,436

應收利息 456,494 456,494

合計 111,072,843 111,072,843

2015年12月31日

賬面值 最大風險敞口

金融投資

– 可供出售金融資產 4,359,941 4,359,941

– 應收款項類投資 63,063,894 63,063,894

應收利息 163,694 163,694

合計 67,587,529 67,587,529

上述理財管理計劃及理財產品的最大風險敞口為本集團在財務狀況表中確認的報告期末的賬面價值

及相應的應收利息。

截至及2016年12月31日止年度，自上述結構化主體獲取的利息收入為人民幣54.40億元及（2015

年：人民幣36.47億元）。

245鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

42 在未納入合併財務報表範圍的結構化主體中的權益（續）

(2) 在本集團作為發起人但未納入合併財務報表範圍的結構化主體中享有的權益

本集團發起設立的未納入合併財務報表範圍的結構化主體，主要包括本集團發行的非保本理財產

品。這些結構化主體的性質和目的主要是管理投資者的資產並收取管理費，其融資方式是向投資者

發行投資產品。本集團在這些未納入合併財務報表範圍的結構化主體中享有的投資者權益主要指通

過管理這些結構化主體賺取管理費收入。

於2016年12月31日，本集團發起設立但未納入本集團合併財務報表範圍的非保本理財產品為人民

幣432.09億元（2015年：人民幣159.68億元）。

截至2016年12月31日止年度，本集團自當期發行並於相應期間內到期的非保本理財產品獲取的手

續費及佣金收入為人民幣0.11億元（2015年：人民幣0.27億元）。

截至2016年12月31日止年度，本集團發行並於相應期間內到期的非保本理財產品發行總量為人民

幣118.83億元（2015年：人民幣108.36億元）。

43 受託業務

本集團通常作為代理人為個人、信託機構和其他機構保管和管理資產。託管業務中所涉及的資產及其相

關收益或損失不屬本集團，所以這些資產並未在本集團的財務狀況表中列示。

於2016年12月31日，本集團的委託貸款餘額為人民幣74.23億元（2015年12月31日為人民幣74.98億元）。

246 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

44 本行財務狀況表

2016年

12月31日

2015年

12月31日

資產

現金及存放中央銀行款項 42,565,761 33,007,532

存放同業及其他金融機構款項 1,290,553 7,654,454

拆出資金 11,758,215 5,519,560

以公允價值計量且其變動

計入當期損益的金融資產 8,946,097 13,001,517

買入返售金融資產 5,119,568 9,716,305

發放貸款及墊款 107,471,481 91,603,736

金融投資：

可供出售金融資產 6,301,789 11,206,015

持有至到期投資 49,671,048 23,901,914

應收款項類投資 118,224,916 65,105,660

對子公司和聯營公司的投資 795,315 225,745

物業及設備 1,679,243 1,604,267

遞延所得稅資產 967,620 588,673

其他資產 3,570,533 2,490,963

資產總計 358,362,139 265,626,341

負債

同業及其他金融機構存放款項 26,259,027 21,493,178

拆入資金 12,175,611 5,820,236

賣出回購金融資產款 33,251,370 19,602,600

吸收存款 216,176,986 169,187,645

應交稅費 568,325 505,816

已發行債券 44,660,446 27,039,068

其他負債 4,021,057 4,182,252

負債合計 337,112,822 247,830,795

247鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

44 本行財務狀況表（續）

2016年

12月31日

2015年

12月31日

股東權益

股本 5,321,932 5,141,932

資本公積 3,054,204 2,662,564

盈餘公積 1,632,893 1,237,793

一般準備 4,513,200 3,163,200

投資重估儲備 2,841 10,405

設定受益計劃重估儲備 (52,259) (55,339)

未分配利潤 6,776,506 5,634,991

股東權益合計 21,249,317 17,795,546

負債和股東權益總計 358,362,139 265,626,341

本財務報表已於2017年3月25日獲本行董事會批准。

王天宇 申學清

董事長 行長

執行董事 執行董事

毛月珍 李國全

總會計師 計財部負責人

248 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

45 期後事項

本行2017年3月25日董事會會議決議，本行有關利潤分配方案詳見附註35。

46 已頒佈但尚未生效的國際財務報告準則的影響

本集團已於報告期採用了全部已頒佈及已生效的與本集團有關的國際財務報告準則。本集團在本財務報

表中尚未採用下列已頒佈但尚未生效的新的及經修訂的國際財務報告準則與國際會計準則：

於以下日期或

之後開始的

會計期間生效

國際會計準則第7號（修訂）–披露動議 2017年1月1日

國際會計準則第12號（修訂）–所得稅：對未實現損失的遞延所得稅資產的確認 2017年1月1日

國際財務報告準則第9號－金融工具 2018年1月1日

國際財務報告準則第15號－來自與客戶所訂立合約的收入 2018年1月1日

國際財務報告準則第2號（修訂）–以股份為基礎的支付的分類與計量 2018年1月1日

國際財務報告準則第16號－租賃 2019年1月1日

本集團正在評估上述準則修訂和新準則對首次適用期間本集團財務狀況及經營成果的影響。截至財務報

告披露日，本集團已識別出新準則可能對合併財務報告影響的重要方面，詳情列示如下。本集團尚未完

成評估，評估過程中可能識別出新的影響。本集團決定是否在生效日前適用上述修訂或新準則，以及若

新準則下有替代方案可供選擇，採取何種過渡方式時，將考慮上述影響。

249鄭州銀行股份有限公司

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

46 已頒佈但尚未生效的國際財務報告準則的影響（續）

有關上述變化預計對本集團所產生影響的進一步信息披露如下：

《國際財務報告準則第9號－金融工具》

於2014年7月頒佈並於2018年1月1日或之後開始的年度期間生效的《國際財務報告準則第9號》替代了當

前《國際會計準則第39號－金融工具：確認和計量》的指引。《國際財務報告準則第9號》包括經修訂的金融

工具分類和計量的指引、用於金融資產減值計算的預期信用損失新模型和一般套期會計處理的新規定，

並深化了《國際會計準則第39號》中對於金融工具的確認和終止確認的指引。

本集團正在評估應用《國際財務報告準則第9號》將產生的潛在影響。鑒於本集團業務的性質，該準則預期

會對本行的財務信息有重大影響。

《國際財務報告準則第9號》將改變本集團金融資產的分類和計量方法。《國際會計準則第39號》「以公允價

值計量且其變動計入當期損益的金融資產」、「持有至到期投資」、「貸款及應收款項」及「可供出售金融資

產」的計量方法將會由《國際財務報告準則第9號》的「攤餘成本」、「以公允價值計量且其變動計入其他綜

合收益」及「以公允價值計量且其變動計入損益」的計量方法所取代。金融資產的分類方法亦會改變。根據

《國際會計準則第39號》，需要分析金融資產的性質，以判斷是否存在嵌入衍生工具以及嵌入衍生工具是

否需要從主合同分離（混合工具的分拆）。《國際財務報告準則第9號》則使用不同方法將金融資產整體劃分

為某一計量類別而不涉及金融資產的分拆。按《國際財務報告準則第9號》中的金融資產分類要求，本集團

在確定分類與後續計量時須考慮商業模式及金融資產的合同現金流量特徵。

對於分類為「攤餘成本」或「以公允價值計量且其變動計入其他綜合收益」的金融資產，本集團須採用預期

信用損失模型計提減值，而該模型也適用於其他信貸風險敞口（如某些貸款承諾及某些財務擔保）。此減

值模型將取代《國際會計準則第39號》中的已發生損失模型（已發生減值損失模型及針對可供出售金融資產

的減值模型）以及《國際會計準則第37號》中對某些信貸風險敞口（如某些貸款承諾及某些財務擔保）的要

求。新的預期信用損失模型與《國際會計準則第39號》的已發生損失模型相比，主要區別為，前者採用了

前瞻性信息並且不設計提減值損失的門坎。因此，在新減值模型中，本行須在金融資產整個生命期內，

按自金融資產初始確認後信貸質量變化時按照12個月預期信用損失或整個生命週期預期信用損失計提減

值準備。整個生命週期預期信用損失指按加權概率計算的金融資產剩餘期限內的所有信用損失。12個月

預期信用損失是整個生命週期信用損失的一個子集，代表於報告期後未來12個月內因為違約事件所產生

的預期損失。

由於採用新準則需要變更系統及流程以收集必要的信息，故在本集團進行詳細評估之前，難以合理估計

或量化其對本行經營業績及財務狀況的影響。

250 2016年度報告

截至2016年12月31日止年度財務報表

（除特別註明外，金額單位為人民幣千元）

財務報表附註（續）

46 已頒佈但尚未生效的國際財務報告準則的影響（續）

《國際財務報告準則第16號－租賃》

2016年1月，國際會計準則理事會發佈了《國際財務報告準則第16號－租賃》，以此取代現行指引《國際財

務報告準則第17號》。該新準則要求承租人將租賃計入其資產負債表內。同時，該新準則改變了租賃期內

的會計處理，並嚴格區分了租賃和服務合同。

根據《國際財務報告準則第16號》，承租人將不再需要區分融資租賃和經營租賃，而是將所有租賃記入資

產負債表，並為此確認使用權資產和租賃負債（適用簡便實務操作方法的情況除外）。

出租人會計核算未發生實質性變化，即：出租人仍需將租賃分為融資租賃和經營租賃。但是，《國際財務

報告準則第16號》對出租人會計的具體要求做出若干改變，例如，出租人應採用新的租賃定義、售後租回

指引、轉租賃指引以及披露要求。

本集團正在評估該準則對本集團財務狀況及經營成果的影響。

251鄭州銀行股份有限公司

未經審核補充財務信息（除特別註明外，金額單位為人民幣千元）

以下所載的資料並不構成年度財務報表的一部分，有關資料僅供參考。

1 流動性覆蓋率及槓桿率

於2016年

12月31日

截至2016年

12月31日

止年度平均

流動性覆蓋率（人民幣及外幣） 256.91% 275.82%

於2015年

12月31日

截至2015年

12月31日

止年度平均

流動性覆蓋率（人民幣及外幣） 388.42% 265.29%

根據《商業銀行流動性風險管理規定（試行）》，商業銀行流動性覆蓋率應當於2018年底前達到100%。在

過渡期內，應當於2015年底、2016年底、2017年底及2018年底分別達到70%﹑80%﹑90%和100%。

2016年

12月31日

2015年

12月31日

槓桿率 5.15% 5.65%

2015年4月1日起，本集團按照銀監會《商業銀行槓桿率管理辦法（修訂）》的要求計算槓桿率並披露相關信

息。銀監會要求商業銀行的槓桿率不得低於4%。

以上流動性覆蓋率比例及槓桿率為根據銀監會公佈的相關規定及按中國會計準則編製的財務信息計算。

252 2016年度報告

（除特別註明外，金額單位為人民幣千元）

未經審核補充財務信息（續）

2 貨幣集中度

2016年12月31日

美元 港元 其他 合計

（折合人民幣）（折合人民幣）（折合人民幣）（折合人民幣）

即期資產 14,868,213 450,013 7,076 15,325,302

即期負債 (12,602,143) (338) – (12,602,481)

淨長頭寸 2,266,070 449,675 7,076 2,722,821

2015年12月31日

美元 港元 其他 合計

（折合人民幣）（折合人民幣）（折合人民幣）（折合人民幣）

即期資產 7,836,722 3,363,144 1,882 11,201,748

即期負債 (7,734,126) (424,179) – (8,158,305)

淨長頭寸 102,596 2,938,965 1,882 3,043,443

本集團於報告期間末並無結構化頭寸。

253鄭州銀行股份有限公司

（除特別註明外，金額單位為人民幣千元）

未經審核補充財務信息（續）

3 國際債權

本集團對中國境外的第三方的債權以及對中國境內的第三方外幣債權均被視作國際債權。

國際債權包括貸款和墊款、存放中央銀行款項、存放同業及其他金融機構以及拆出資金。

當一個國家或地區計入全部風險轉移後，構成國際債權總金額10%或以上時，即予以呈報。只有在申索

擔保人所處國家與被索方不同，或申索是向一家銀行的境外分支機構提出，而該銀行的總行位於另一個

國家的情況下，風險才會轉移。

2016年12月31日

同業及

其他金融機構 公共實體 其他 合計

北美、南美 451,927 – 300,502 752,429

亞太區，不包括中國內地 91,634 – – 91,634

歐洲 6,480 – – 6,480

550,041 – 300,502 850,543

2015年12月31日

同業及

其他金融機構 公共實體 其他 合計

北美、南美 1,928,928 63,848 325,017 2,317,793

亞太區，不包括中國內地 3,363,413 – – 3,363,413

5,292,341 63,848 325,017 5,681,206

254 2016年度報告

（除特別註明外，金額單位為人民幣千元）

未經審核補充財務信息（續）

4 已逾期貸款和墊款餘額

2016年

12月31日

2015年

12月31日

本金或利息已逾期達下列期間的貸款和墊款

– 3至6個月（含6個月） 831,657 494,563

– 6個月至1年（含1年） 704,478 346,101

– 超過1年 349,051 304,688

合計 1,885,186 1,145,352

佔貸款和墊款總額百分比

– 3至6個月（含6個月） 0.75% 0.52%

– 6個月至1年（含1年） 0.63% 0.37%

– 超過1年 0.31% 0.32%

合計 1.69% 1.21%

255鄭州銀行股份有限公司

釋義

在本年報中，除非文義另有所指外，下列詞語具有如下含義：

「公司章程」 指 本行公司章程（經不時修訂）

「本行」、「鄭州銀行」或「我們」 指 鄭州銀行股份有限公司*，一家根據中國法律於1996年11月16日在

中國註冊成立的股份有限公司，包括其前身、附屬公司、分行及支行

（倘文義所需）

「董事會」 指 本行董事會

「監事會」 指 本行監事會

「中國銀監會」 指 中國銀行業監督管理委員會

「中國銀監會河南監管局」 指 中國銀行業監督管理委員會河南監管局

「中國證監會」 指 中國證券監督管理委員會

「董事」 指 本行董事

「A股」 指 由本行根據A股發行而發行並以人民幣認購的普通股

「A股發行」 指 本行首次公開發行不超過600,000,000股A股，有關A股將於深圳證券

交易所上市

「內資股」 指 本行股本中每股面值人民幣1.00元的普通股，以人民幣認購或入賬列

作繳足

「H股股份過戶登記處」 指 香港中央證券登記有限公司

「H股」 指 本行股本中每股面值人民幣1.00元之境外上市外資股，於香港聯交所

主板上市及買賣

「港元」 指 香港法定貨幣港元

「香港」 指 中國香港特別行政區

「香港聯交所」 指 香港聯合交易所有限公司

「九鼎金融租賃公司」 指 河南九鼎金融租賃股份有限公司

256 2016年度報告

釋義（續）

「最後實際可行日期」 指 2017年3月10日，即本報告付印前確定其中所載若干資料之最後實際

可行日期

「上市日期」 指 2015年12月23日，本行H股首次在香港聯交所開始買賣的日期

「上市規則」 指 香港聯合交易所有限公司證券上市規則

「澳門」 指 中國澳門特別行政區

「中國人民銀行」、「人行」或

「央行」

指 中國人民銀行

「中國」、「我國」或「全國」 指 中華人民共和國，且僅就本報告而言，不包括香港、澳門和台灣地區

「報告期」 指 截至2016年12月31日止年度

「人民幣」 指 中國法定貨幣人民幣

「證券及期貨條例」 指 經不時修訂的《證券及期貨條例》（香港法例第571章）

「股東」 指 本行股東

「股份」 指 內資股及H股

「監事」 指 本行監事

* 本行並非香港法例第155章《銀行業條例》所指認可機構，不受限於香港金融管理局的監督，並無授權在香港經營銀行及╱或接受存

款業務。

256Annual Report 2016

DEFINITIONS (Continued)

“Latest Practicable Date” March 10, 2017, being the latest practicable date prior to the printing of this annual report for the purpose of ascertaining certain information contained in this annual report

“Listing Date” December 23, 2015, the date on which dealings in the H Shares first commenced on the Hong Kong Stock Exchange

“Listing Rules” the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited

“Macau” the Macau Special Administrative Region of the PRC

“PBoC” or “Central Bank” the People’s Bank of China

“PRC” the People’s Republic of China, and for the purpose of this annual report only, excluding Hong Kong, Macau and Taiwan

“Reporting Period” the year ended December 31, 2016

“RMB” or “Renminbi” Renminbi, the lawful currency of the PRC

“SFO” the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), as amended from time to time

“Shareholder(s)” the shareholder(s) of the Bank

“Shares” the Domestic Shares and the H Shares

“Supervisor(s)” the supervisor(s) of the Bank

* The Bank is not an authorised institution within the meaning of the Banking Ordinance (Chapter 155 of the laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorised to carry on relevant banking and/or deposit-taking business in Hong Kong.

255 Bank of Zhengzhou Co., Ltd.

DEFINITIONS

In this annual report, unless the context otherwise requires, the following terms shall have the meanings set forth below:

“Articles of Association” the articles of association of the Bank, as amended from time to time

“Bank”, “Bank of Zhengzhou” or “We”

Bank of Zhengzhou Co., Ltd. ( 鄭 州 銀 行 股 份 有 限 公 司 )*, a joint stock company incorporated in the PRC with limited liability on November 16, 1996 in accordance with PRC laws, and, if the context requires, includes its predecessors, subsidiaries, branches and sub-branches

“Board” or “Board of Directors” the board of Directors of the Bank

“Board of Supervisors” the board of Supervisors of the Bank

“CBRC” China Banking Regulatory Commission

“CBRC Henan Bureau” China Banking Regulatory Commission Henan Bureau

“CSRC” China Securities Regulatory Commission

“Director(s)” the director(s) of the Bank

“A Share(s)” ordinary share(s) to be issued by the Bank pursuant to the A Share Offering and subscribed for in RMB

“A Share Offering” the Bank’s initial public offering of not more than 600,000,000 A Shares, which will be listed on the Shenzhen Stock Exchange

“Domestic Shares” ordinary shares issued by the Bank, with a nominal value of RMB1.00 each, which are subscribed for or credited as paid in full in Renminbi

“H Share Registrar” Computershare Hong Kong Investor Services Limited

“A Share(s)” overseas-listed shares in the share capital of our Bank, with a nominal value of RMB1.00 each, which are listed and traded on the Main Board of the Hong Kong Stock Exchange

“HK$” Hong Kong dollars, the lawful currency of Hong Kong

“Hong Kong” the Hong Kong Special Administrative Region of the PRC

“Hong Kong Stock Exchange” The Stock Exchange of Hong Kong Limited

“Jiuding Financial Leasing Company” Henan Jiuding Financial Leasing Co., Ltd (河南九鼎金融租賃股份有限公司)

254Annual Report 2016

(Expressed in thousands of Renminbi, unless otherwise stated)

Unaudited Supplementary Financial Information (Continued)

4 GROSS AMOUNT OF OVERDUE LOANS AND ADVANCES

December 31, 2016

December 31, 2015

Gross loans and advances which have been overdue with respect to either principal or interest for periods of

– between 3 and 6 months (inclusive) 831,657 494,563– between 6 months and 1 year (inclusive) 704,478 346,101– over 1 year 349,051 304,688

Total 1,885,186 1,145,352

As a percentage of total gross loans and advances – between 3 and 6 months (inclusive) 0.75% 0.52%– between 6 months and 1 year (inclusive) 0.63% 0.37%– over 1 year 0.31% 0.32%

Total 1.69% 1.21%

253 Bank of Zhengzhou Co., Ltd.

(Expressed in thousands of Renminbi, unless otherwise stated)

Unaudited Supplementary Financial Information (Continued)

3 INTERNATIONAL CLAIMS

The Group is principally engaged in business operations within Mainland China, and regards all claims on third parties outside Mainland China as international claims.

International claims include loans and advances to customers, balances with central banks and amounts due from banks and other financial institutions.

A country or geographical area is reported where it constitutes 10% or more of the aggregate amount of international claims, after taking into account any risk transfers. Risk transfers are only made if the claims are guaranteed by a party in a country which is different from that of the counterparty or if the claims are on an overseas branch of a bank whose Head Office is located in another country.

December 31, 2016

Banks and other

financial institutions

Public sector

entities Others Total

North and South America 451,927 – 300,502 752,429Asia Pacific excluding Mainland China 91,634 – – 91,634Europe 6,480 – – 6,480

550,041 – 300,502 850,543

December 31, 2015

Banks and other

financial institutions

Public sector

entities Others Total

North and South America 1,928,928 63,848 325,017 2,317,793Asia Pacific excluding Mainland China 3,363,413 – – 3,363,413

5,292,341 63,848 325,017 5,681,206

252Annual Report 2016

(Expressed in thousands of Renminbi, unless otherwise stated)

Unaudited Supplementary Financial Information (Continued)

2 CURRENCY CONCENTRATIONS

December 31, 2016

US Dollars HK Dollars Others Total(RMB

equivalent)(RMB

equivalent) (RMB

equivalent)(RMB

equivalent)

Spot assets 14,868,213 450,013 7,076 15,325,302Spot liabilities (12,602,143) (338) – (12,602,481)

Net position 2,266,070 449,675 7,076 2,722,821

December 31, 2015

US Dollars HK Dollars Others Total(RMB

equivalent)(RMB

equivalent)(RMB

equivalent)(RMB

equivalent)

Spot assets 7,836,722 3,363,144 1,882 11,201,748Spot liabilities (7,734,126) (424,179) – (8,158,305)

Net position 102,596 2,938,965 1,882 3,043,443

The Group has no structural position at the reporting periods.

251 Bank of Zhengzhou Co., Ltd.

Unaudited Supplementary Financial Information(Expressed in thousands of Renminbi, unless otherwise stated)

The information set out below does not form part of the consolidated financial statements, and is included herein for information purpose only.

1 LIQUIDITY COVERAGE RATIOS AND LEVERAGE RATIO

December 31, 2016

Average for the year ended

December 31, 2016

Liquidity coverage ratio (RMB and foreign currency) 256.91% 275.82%

December 31, 2015

Average for the year ended December 31,

2015

Liquidity coverage ratio (RMB and foreign currency) 388.42% 265.29%

Pursuant to the Administrative Measures for Liquidity Risk Management of Commercial Banks (Provisional), the liquidity coverage ratio of commercial banks shall reach 100% by the end of 2018.During the transitional period, such ratio shall reach 70%, 80%, 90% and 100% by the end of 2015, 2016, 2017 and 2018, respectively.

December 31, 2016

December 31, 2015

Leverage Ratio 5.15% 5.65%

Pursuant to the Leverage Ratio Management of Commercial Banks issued by the CBRC and was effective since April 1, 2015, a minimum leverage ratio 4% is required.

The above liquidity coverage ratio and leverage ratio are calculated in accordance with the formula promulgated by the CBRC and based on the financial information prepared in accordance with PRC GAAP.

250Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

46 P O S S I B L E I M P A C T O F A M E N D M E N T S , N E W S T A N D A R D S A N D INTERPRETATIONS ISSUED BUT NOT YET EFFECTIVE FOR THE YEAR ENDED DECEMBER 31, 2016 (continued)

IFRS 16 “Leases”

In January 2016, the IASB issued IFRS 16, “Leases”, which replaces the current guidance in IAS 17. The new standard requires the companies to bring leases on-balance sheet for lessees. The new standard also makes changes in accounting over the life of the lease, and introduces a stark dividing line between leases and service contracts.

Under IFRS 16 there is no longer a distinction between finance leases and operating leases so far as lessees are concerned. Instead, subject to practical expedients, a lessee recognises all leases on-balance sheet by recognising a right-of-use (ROU) asset and lease liability.

Lessor accounting is substantially unchanged – i.e. lessors continue to classify leases as finance and operating leases. However, there are a number of changes in the details of lessor accounting. For example, lessors apply the new definition of a lease, sale-and-leaseback guidance, sub-lease guidance and disclosure requirements.

The Group is currently assessing the impact of the standard on its financial position and performance.

249 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

46 P O S S I B L E I M P A C T O F A M E N D M E N T S , N E W S T A N D A R D S A N D INTERPRETATIONS ISSUED BUT NOT YET EFFECTIVE FOR THE YEAR ENDED DECEMBER 31, 2016 (continued)

Further information about those changes that are expected to affect the Group is as follows:

IFRS 9 “Financial instruments”

IFRS 9, published in July 2014 and effective for annual periods beginning on or after 1 January 2018, will replace the existing guidance in IAS 39 Financial Instruments: Recognition and Measurement. IFRS 9 includes revised guidance on the classification and measurement of financial instruments, a new expected credit loss model for calculating impairment on financial assets, and new general hedge accounting requirements. It also carries forward the guidance on recognition and derecognition of financial instruments from IAS 39.

The Group is in the process of assessing the potential impact resulting from the application of IFRS 9. Given the nature of the Group’s operations, the standard is expected to have a material impact on the Group’s financial information.

IFRS 9 will change the way the Group classifies and measures its financial assets. IAS 39 measurement categories ‘financial assets at fair value through profit or loss’, ‘held-to-maturity investments’, ‘loans and receivables’ and ‘available-for-sale financial assets’ will be replaced by three main categories in IFRS 9, which are ‘amortised cost’, ‘fair value through other comprehensive income’ and ‘fair value through profit or loss’. The approach for classifying financial assets will also change. Under IAS 39 the characteristics of financial assets are analysed for any embedded derivatives and whether those have to be separated from the host contract (bifurcation of hybrid instruments). IFRS 9 uses a different approach that does not involve the bifurcation of financial assets. Instead, financial assets are classified in their entirety into a measurement category. This classification of financial assets under IFRS 9 will require the Group to consider the business model and the contractual cash flow characteristics of financial assets to determine classification and subsequent measurement.

For financial assets that will be classified as ‘amortised cost’ or ‘fair value through other comprehensive income’, the Bank will be required to apply an expected loss impairment model that will apply to both those measurement categories as well as other exposures to credit risk such as some loan commitments and some financial guarantees. This impairment model will replace the different impairment models in IAS 39 (the incurred loss impairment model and the impairment model for available-for-sale financial assets) as well as the requirements in IAS 37 that related to some types of credit risk exposures (such as some loan commitments and some financial guarantees). The main differences between the new expected loss impairment model compared to the incurred loss model in IAS 39 are that the expected credit loss model uses more forward-looking information and that it does not involve a threshold until which credit losses remain unrecognised. Consequently, financial assets in the scope of the new impairment model will require a loss allowance to be recognised throughout their lives and the relative change of credit risk since initial recognition of the financial asset drives whether that loss allowance is equal to 12-month expected credit losses or lifetime expected credit losses. Lifetime expected credit losses represent all credit losses over the remaining life of a financial asset on a probability-weighted basis. 12-month expected credit losses are a subset of the lifetime expected credit losses and represent the losses expected to arise from default events within the next 12 months after the reporting date.

It is not practicable to provide a reasonable estimate of the effect or quantify the impact on its operating results and financial position until the Group makes a detailed assessment as the adoption of the new standard requires changes to systems and processes to collect necessary data.

248Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

45 SUBSEQUENT EVENTS

The profit appropriation of the Bank was proposed in accordance with the resolution of the Bank’s board of directors meeting hold on March 25, 2017 (Note 35).

46 P O S S I B L E I M P A C T O F A M E N D M E N T S , N E W S T A N D A R D S A N D INTERPRETATIONS ISSUED BUT NOT YET EFFECTIVE FOR THE YEAR ENDED DECEMBER 31, 2016

Up to the date of issue of these financial statements, the IASB has issued a number of amendments and new standards which are not yet effective for the year ended 31 December 2016 and which have not been adopted in these financial statements. These include the following which may be relevant to the Group.

Effective for accounting

period beginning on or after

Amendments to IAS 7 Disclosure initiative January 1, 2017Amendments to IAS 12 Income taxes-Recognition of deferred tax assets for unrealised losses January 1, 2017IFRS 9 Financial instruments January 1, 2018IFRS 15 Revenue from contracts with customers January 1, 2018Amendments to IFRS 2 Classification and measurement of share-based payment transactions January 1, 2018IFRS 16 Leases January 1, 2019

The Group is in the process of making an assessment of what the impact of these amendments and new standards is expected to be in the period of initial application. So far the Group has identified some aspects of the new standards which may have a significant impact on the consolidated financial statements. Further details of the expected impacts are discussed below. As the Group has not completed its assessment, further impacts may be identified in due course and will be taken into consideration when determining whether to adopt any of these new requirements before their effective date and which transitional approach to take, where there are alternative approaches allowed under the new standards.

247 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

44 COMPANY-LEVEL STATEMENT OF FINANCIAL POSITION (continued)

December 31, 2016

December 31, 2015

EquityShare capital 5,321,932 5,141,932Capital reserve 3,054,204 2,662,564Surplus reserve 1,632,893 1,237,793General reserve 4,513,200 3,163,200Fair value reserve 2,841 10,405Remeasurement of net defined benefit liability (52,259) (55,339)Retained earnings 6,776,506 5,634,991

Total equity 21,249,317 17,795,546

Total liabilities and equity 358,362,139 265,626,341

Approved and authorised for issue by the board of directors on March 25, 2017.

Wang Tianyu Shen XueqingChairman of the Board of Directors President

Executive Director Executive Director

Mao Yuezhen Li GuoquanChief accountant General Manager of the Planning

and Finance Department

246Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

44 COMPANY-LEVEL STATEMENT OF FINANCIAL POSITION

December 31, 2016

December 31, 2015

AssetsCash and deposits with central bank 42,565,761 33,007,532Deposits with banks and other financial institutions 1,290,553 7,654,454Placements with banks and other financial institutions 11,758,215 5,519,560Financial assets at fair value through profit or loss 8,946,097 13,001,517Financial assets held under resale agreements 5,119,568 9,716,305Loans and advances to customers 107,471,481 91,603,736Financial investments:

Available-for-sale financial assets 6,301,789 11,206,015Held-to-maturity investments 49,671,048 23,901,914Loans and receivables 118,224,916 65,105,660

Interest in associates and subsidiaries 795,315 225,745Property and equipment 1,679,243 1,604,267Deferred tax assets 967,620 588,673Other assets 3,570,533 2,490,963

Total assets 358,362,139 265,626,341

LiabilitiesDeposits from banks and other financial institutions 26,259,027 21,493,178Placements from banks and other financial institutions 12,175,611 5,820,236Financial assets sold under repurchase agreements 33,251,370 19,602,600Deposits from customers 216,176,986 169,187,645Tax payable 568,325 505,816Debt securities issued 44,660,446 27,039,068Other liabilities 4,021,057 4,182,252

Total liabilities 337,112,822 247,830,795

245 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

42 INVOLVEMENT WITH UNCONSOLIDATED STRUCTURED ENTITIES (continued)

(2) Structured entities sponsored by the Group which the Group does not consolidate

but holds an interest in

The types of unstructured entities sponsored by the Group include non-principal-guaranteed wealth management products. The nature and purpose of these structured entities are to generate fees from managing assets on behalf of investors. These structured entities are financed through the issue of notes to investors. Interest held by the Group includes fees charged by providing management services.

As at December 31, 2016, the amount of assets held by the unconsolidated non-principal-guaranteed wealth management products which are sponsored by the Group is RMB43,209 million (December 31, 2015: RMB15,968 million).

During the years ended December 31, 2016, the amount of fee and commission income received from the non-principal-guaranteed wealth management products sponsored and issued by the Group and matured within the corresponding year is RMB11 million (2015: RMB27 million).

During the years ended December 31, 2016, the aggregated amount of the non-principal-guaranteed wealth management products sponsored and issued by the Group and matured within the corresponding year is RMB11,883 million (2015: RMB10,836 million).

43 FIDUCIARY ACTIVITIES

The Group commonly acts as a trustee, or in other fiduciary capacities, that result in its holding or managing assets on behalf of individuals, trusts and other institutions. These assets and any gains or losses arising thereon are not included in these financial statements as they are not the Group’s assets.

As at December 31, 2016, the entrusted loans balance of the Group is RMB7,423 million (2015: RMB7,498 million).

244Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

42 INVOLVEMENT WITH UNCONSOLIDATED STRUCTURED ENTITIES

(1) Structured entities sponsored by third party institutions in which the Group holds

an interest

The Group holds an interest in some structured entities sponsored by third party institutions through investments in the notes issued by these structured entities. Such structured entities include investment management products under trust scheme, investment management products managed by securities companies and wealth management products issued by financial institutions. The Group does not consolidate these structured entities. The nature and purpose of these structured entities are to generate fees from managing assets on behalf of investors and financed through the issue of notes to investors.

The following tables set out an analysis of the carrying amounts of interests held by the Group as at December 31, 2016 and 2015 in the structured entities sponsored by third party institutions, as well as an analysis of the line items in the statement of financial position in which relevant assets are recognised:

December 31, 2016Carrying amount

Maximum exposure

Financial investments– Financial assets at fair value through profit or loss 394,800 394,800– Available-for-sale financial assets 4,972,113 4,972,113– Financial investment classified as loans and receivables 105,249,436 105,249,436Interest receivables 456,494 456,494

Total 111,072,843 111,072,843

December 31, 2015Carrying amount

Maximum exposure

Financial investments– Available-for-sale financial assets 4,359,941 4,359,941– Financial investment classified as loans and receivables 63,063,894 63,063,894Interest receivables 163,694 163,694

Total 67,587,529 67,587,529

The maximum exposures to loss in the above investment management products and wealth management products are the carrying amount of the assets held by the Group and the related interest receivables at the end of each of the reporting period.

The interest income arising from the above unconsolidated structured entities for the year ended 2016 amounted to RMB5,440 million (2015: RMB3,647 million).

243 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

41 COMMITMENTS AND CONTINGENT LIABILITIES (continued)

(3) Operating lease commitments

As at December 31, 2016 and 2015, the future minimum lease payments under non-cancellable operating leases for properties of the Group are as follows:

December 31, 2016

December 31, 2015

Within one year (inclusive) 91,208 55,941After one year but within five years (inclusive) 244,262 164,642After five years 165,679 126,891

Total 501,149 347,474

(4) Capital commitments

As at December 31, 2016 and 2015, the authorised capital commitments of the Group are as follows:

December 31, 2016

December 31, 2015

Contracted but not paid for 267,792 133,239Approved but not contracted for 72,643 173,411

Total 340,435 306,650

(5) Outstanding litigations and disputes

As at December 31, 2016 and 2015, there are no significant legal proceedings outstanding against the Group.

(6) Pledged assets

December 31, 2016

December 31, 2015

Debt securities 32,934,901 20,332,689

Total 32,934,901 20,332,689

Some of the Group’s assets are pledged as collateral under repurchase agreements.

242Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

41 COMMITMENTS AND CONTINGENT LIABILITIES

(1) Credit commitments

The Group’s credit commitments take the form of bank acceptances, unused credit card limits, letters of credit and guarantees.

Acceptances comprise of undertakings by the Group to pay bills of exchange drawn on customers. The Group expects most acceptances to be settled simultaneously with the reimbursement from its customers. The contractual amounts of unused credit card commitments represent the amounts should the contracts be fully drawn upon. The Group provides financial guarantees and letters of credit to guarantee the performance of customers to third parties.

December 31, 2016

December 31, 2015

Bank acceptances 58,122,706 41,388,973Letters of credit 2,984,292 2,294,599Guarantees 1,170,616 1,034,947Unused credit card commitments 1,005,794 463,152

Total 63,283,408 45,181,671

The Group may be exposed to credit risk in all the above credit businesses. Management periodically assesses credit risk and makes provision for any probable losses. As the facilities may expire without being drawn upon, the total of the contractual amounts shown above is not representative of expected future cash outflows.

(2) Credit risk-weighted amount

December 31, 2016

December 31, 2015

Credit risk-weighted amount of contingent liabilities and commitments 18,879,397 13,965,648

The credit risk weighted amount represents the amount calculated with reference to the guidelines issued by the CBRC. The risk weights are determined in accordance with the credit status of the counterparties, the maturity profile and other factors. The risk weights range from 0% to 150% for credit commitments.

241 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

40 FAIR VALUE (continued)

(4) Fair value of financial assets and liabilities not carried at fair value (continued)

The fair values of held-to-maturity investments and debt securities issued are determined with reference to the available market values. If quoted market prices are not available, then fair values are estimated on the basis of pricing models or discounted cash flows.

Financial investments classified as loans and receivables are stated at amortized cost using the effective interest method. The fair value of financial investments classified as loans and receivables is estimated based on future cash flows expected to be received which is discounted at current market rates. Majority of the financial investments classified as loans and receivables are repriced at least annually to the market rate. Accordingly, their carrying values approximate their fair values.

The above-mentioned assumptions and methods provide a consistent basis for the calculation of the fair values of the Group’s assets and liabilities. However, other institutions may use different assumptions and methods. Therefore, the fair values disclosed by different financial institutions may not be entirely comparable.

Those financial instruments for which their carrying amounts are the reasonable approximations of their fair values because, for example, they are short term in nature or repriced at current market rates frequently, are as follows:

Assets Liabilities

Cash and deposits with central bank Due to central bankDeposits with banks and other financial institutions Deposits from banks and other financial institutionsPlacements with banks and other financial institutions Placements from banks and other financial institutionsFinancial assets held under resale agreements Financial assets sold under repurchase agreementsLoans and advances to customers Deposits from customersFinancial lease receivables Other financial liabilitiesOther financial assets

240Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

40 FAIR VALUE (continued)

(4) Fair value of financial assets and liabilities not carried at fair value

December 31, 2016

Carrying amount Fair value Level 1 Level 2 Level 3

Financial assetsHeld-to-maturity investments 49,671,048 48,837,029 16,157,343 32,679,686 –

Total 49,671,048 48,837,029 16,157,343 32,679,686 –

Financial liabilitiesDebt securities issued– Financial bonds 2,600,000 2,617,631 – 2,617,631 –– Tier-two capital bonds 4,997,944 4,987,689 – 4,987,689 –– Interbank deposits 37,062,502 35,715,648 – 35,715,648 –

Total 44,660,446 43,320,968 – 43,320,968 –

December 31, 2015

Carrying amount Fair value Level 1 Level 2 Level 3

Financial assetsHeld-to-maturity investments 23,901,914 24,626,119 11,642,338 12,983,781 –

Total 23,901,914 24,626,119 11,642,338 12,983,781 –

Financial liabilitiesDebt securities issued– Financial bonds 5,000,000 5,078,718 – 5,078,718 –– Tier-two capital bonds 2,000,000 2,088,728 – 2,088,728 –– Interbank deposits 20,039,068 19,807,554 – 19,807,554 –

Total 27,039,068 26,975,000 – 26,975,000 –

Subject to the existence of an active market, such as an authorised securities exchange, the market value is the best reflection of the fair value of financial instruments. As there is no available market value for certain of the financial assets and liabilities held and issued by the Group, the discounted cash flow method or other valuation methods are adopted to determine the fair values of these assets and liabilities.

239 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

40 FAIR VALUE (continued)

(3) Movement in level 3 financial instruments measured at fair value

The following table shows a reconciliation of the opening and closing balance of level 3 financial assets and liabilities which are recorded at fair value and the movement during the year:

January 1, 2016

Total gains recorded in profit

or loss

Total gains recorded in other

comprehensive income Additions

Disposals/Settlements

Transfers to Level 2 from

Level 3 December 31,

2016

Financial assets:Available-for-sale financial assets– Debt instruments 4,359,941 190,612 – 4,360,716 (3,939,156) – 4,972,113

January 1, 2015

Total gains recorded in profit

or loss

Total gains recorded in

other comprehensive

income AdditionsDisposals/

Settlements

Transfers to Level 2 from

Level 3December 31,

2015

Financial assets:Available-for-sale financial assets– Debt instruments 1,106,420 91,949 – 4,279,941 （1,118,369） – 4,359,941

During the reporting period, the carrying amount of financial instrument valued with significant unobservable inputs were immaterial, and the effects of changes in significant unobservable assumptions to reasonably possible alternative assumptions were also immaterial.

Total gains recorded in profit or loss is recognised in the line item “interest income” on the face of the consolidated statement of profit or loss and other comprehensive income.

238Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

40 FAIR VALUE (continued)

(1) Methods and assumptions for measurement of fair value (continued)

(c) Debt securities issued and other non-derivative financial liabilities

Fair values of debt securities issued are based on their quoted market prices at the end of each of the reporting period, or the present value of estimated future cash flows. The fair values of other non-derivative financial liabilities are valued at the present value of estimated future cash flows. The discount rates are based on the market interest rates at the end of each of the reporting period.

(2) Financial instruments recorded at fair value

The following tables show an analysis of financial instruments recorded at fair value by level of the fair value hierarchy:

December 31, 2016

Level 1 Level 2 Level 3 Total

Recurring fair value measurements assets

Financial assets at fair value through profit or loss – debt securities 519,614 8,031,683 – 8,551,297– investment funds – 394,800 – 394,800

Available-for-sale financial assets – debt instruments – 1,321,276 4,972,113 6,293,389

Total 519,614 9,747,759 4,972,113 15,239,486

December 31, 2015

Level 1 Level 2 Level 3 Total

Recurring fair value measurements assets

Financial assets at fair value through profit or loss – debt securities 1,326,995 11,674,522 – 13,001,517

Available-for-sale financial assets – debt instruments 2,834,921 4,002,753 4,359,941 11,197,615

Total 4,161,916 15,677,275 4,359,941 24,199,132

During the year ended December 31, 2016, there were no transfers between Level 1 and Level 2, or transfers into or out of Level 3 (31 December 2015: nil). The Group’s policy is to recognise transfers between levels of fair value hierarchy as at the end of the reporting period in which they occur.

237 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

39 RISK MANAGEMENT (continued)

(5) Capital management (continued)

(i) Both the on-balance and off-balance sheet risk-weighted assets are measured using different risk weights, which are determined according to the credit, market and other risks associated with each asset and counterparty as well as any eligible collateral or guarantees.

(ii) Pursuant to the Notification on Matters Related to the Implementation of the Regulation Governing Capital of Commercial Banks (Provisional) in the Transitional Period (關於實施《商業銀行資本管理辦法（試行) 》過渡期安排相關事項的通知), the CBRC requires that the capital adequacy ratio, tier-one capital adequacy ratio and core tier-one capital adequacy ratio for commercial banks shall not fall below 9.7%, 7.7% and 6.7% at December 31, 2016 and 9.3%, 7.3% and 6.3% at December 31, 2015.

40 FAIR VALUE

(1) Methods and assumptions for measurement of fair value

The following table presents the fair value of the Group’s financial instruments measured at the end of the reporting period on a recurring basis, categorised into the three-level fair value hierarchy as defined in IFRS 13, Fair value measurement. The level into which a fair value measurement is classified is determined with reference to the observability and significance of the inputs used in the valuation technique as follows:

Level 1: Fair value measured using only Level 1 inputs i.e. unadjusted quoted prices in active markets for identical assets or liabilities at the measurement date;

Level 2: Fair value measured using Level 2 inputs i.e. observable inputs which fail to meet Level 1, and not using significant unobservable inputs. Unobservable inputs are inputs for which market data are not available; and

Level 3: Fair value measured using significant unobservable inputs.

The Group has established policies and internal controls with respect to the measurement of fair values, specify the framework of fair value measurement of financial instruments, fair value measurement methodologies and procedures.

The Group adopts the following methods and assumptions when evaluating fair values:

(a) Debt securities investments

Fair values of debt securities investments are determined with reference to the available market values. If quoted market prices are not available, then fair values are estimated on the basis of pricing models or discounted cash flows.

(b) Receivables and other non-derivative financial assets

Fair values are estimated as the present value of the future cash flows, discounted at the market interest rates at the end of each of the reporting period.

236Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

39 RISK MANAGEMENT (continued)

(5) Capital management (continued)

The Group calculates the capital adequacy ratios as at December 31, 2016 and 2015 in accordance with the Regulation Governing Capital of Commercial Banks (Provisional) (商業銀行資本管理辦法) issued by the CBRC in 2012 and relevant requirements promulgated by the CBRC as follows:

NoteDecember 31,

2016December 31,

2015

Total core tier-one capital– Share capital 5,321,932 5,141,932– Valid portion of capital reserve 3,004,786 2,617,630– Surplus reserve 1,632,893 1,237,793– General reserve 4,527,789 3,163,200– Retained earnings 6,808,978 5,634,285– Valid portion of minority interests 363,130 23,218

Core tier-one capital 21,659,508 17,818,058Core tier-one capital deductions (383,789) (284,259)

Net core tier-one capital 21,275,719 17,533,799Other tier one capital 37,266 9

Net tier-one capital 21,312,985 17,533,808

Tier two capital– Qualifying portions of tier-two capital instruments issued 5,000,000 2,000,000– Surplus provision for loan impairment 2,079,934 1,649,157– Valid portion of minority interests 70,962 18

Net tier-two capital 7,150,896 3,649,175

Net capital base 28,463,881 21,182,983

Total risk weighted assets (i) 242,109,283 173,696,609

Core tier-one capital adequacy ratio 8.79% 10.09%Tier-one capital adequacy ratio 8.80% 10.09%Capital adequacy ratio 11.76% 12.20%

235 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

39 RISK MANAGEMENT (continued)

(4) Operational risk (continued)

– establishing a supervision system combining “on-site and off-site”, “regular and special”, “self and external” examinations, identifying, monitoring, collecting risk factors and risk signals in the course of business operations, using centralized operational risk management tools, supervising and evaluating the sufficiency and effectiveness of operational risk management;

– the Compliance Department, the Risk Management Department and the Internal Audit Office constitute “three lines of defense” for operational risk management base on the separating responsibilities of the front, middle and the back offices. The Business and functional departments act as the first line of defense, the Compliance Department and the Risk Management Department act as the second line of defense and the Internal Audit Office acts as the third line of defense;

– establishing a compulsory leave and rotation policies to staff in key position or important process;

– establishing an expertise grade appraisal system for all employees, and selecting qualified employees through strict qualification examination and professional evaluation in accordance with the expertise and skills required by the various positions; and

– establishing a mechanism for emergency management and business continuity.

(5) Capital management

The Group manages capital mainly through capital adequacy ratio and return on equity ratio. Capital adequacy ratio is at the core of the Group’s capital management, reflecting capacity of the Group for prudent operation and risk prevention. The return on equity ratio reflects the profitability of equity. The main objective of capital management is to maintain a balanced reasonable capital amount and structure in line with the business development and expected return on equity.

The Group follows the principles below with regard to capital management:

– monitor levels of asset quality based on the Group’s business strategy and maintain adequate capital to support the implementation of the Group’s strategic development plan and meet the regulatory requirements; and

– effectively identify, quantify, monitor, mitigate and control the major risks to which the Group is exposed, and maintain the appropriate level of capital after considering the Group’s risk exposure and risk management needs.

The Group monitors the capital adequacy ratio periodically and adjusts the capital management plan when necessary to ensure the capital adequacy ratio meets both the regulatory requirements and business development needs.

234Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

39 RISK MANAGEMENT (continued)

(3) Liquidity risk (continued)

(b) Analysis on contractual undiscounted cash flows of financial liabilities (continued)

December 31, 2015

Carrying amount at

31 December TotalRepayable

on demand

Within three months

(inclusive)

Between three

months and one year

(inclusive)

Between one year and

five years (inclusive)

More than five years

Deposits/placements from banks and other financial institutions 27,273,414 28,821,372 1,052,837 8,760,784 17,165,759 1,841,992 –

Financial assets sold under repurchase agreements 19,602,600 19,624,862 – 19,624,862 – – –

Deposits from customers 169,195,471 173,574,743 77,204,247 29,092,212 42,385,175 22,843,431 2,049,678Debt securities issued 27,039,068 28,362,720 – 2,880,000 20,289,320 5,193,400 –

Total non-derivative financial liabilities 243,110,553 250,383,697 78,257,084 60,357,858 79,840,254 29,878,823 2,049,678

This analysis of the non-derivative financial liabilities by contractual undiscounted cash flow might vary from actual results.

(4) Operational risk

Operational risk refers to the risk of losses associated with internal process deficiencies, personnel mistakes and information system failures, or impact from other external events.

The Group has formulated operational risk management policies and procedures, aiming to identify, assess, monitor, control and mitigate the operational risk, and reduce losses associated with the operational risk.

The Group’s measures to manage the operational risk mainly include:

– making use of risk alert system and paying attention to risk position and early risk alert on each aspect of business; making business risk assessment in time; carrying out centralised risk management on major business areas so as to reduce business operational risk;

233 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

39 RISK MANAGEMENT (continued)

(3) Liquidity risk (continued)

(a) Maturity analysis (continued)

For cash and deposits with central bank, the indefinite period amount represents statutory deposit reserves and fiscal deposits maintained with the PBOC. Equity investments are reported under indefinite period. For loans and advances to customers, the “indefinite” period amount represents the balance being impaired or overdue for more than one month, and the balance overdue within one month (inclusive) but not impaired is included in “repayable on demand”.

(b) Analysis on contractual undiscounted cash flows of financial liabilities

The following tables provide an analysis of the contractual undiscounted cash flow of the non-derivative financial liabilities at the end of the reporting period:

December 31, 2016

Carrying amount at

31 December TotalRepayable

on demand

Within three

months (inclusive)

Between three

months and one year

(inclusive)

Between one year and five

years (inclusive)

More than five years

Due to central bank 77,000 78,585 – – 78,585 – –Deposits/placements from banks and

other financial institutions 44,913,864 45,345,725 1,170,791 13,303,788 30,093,988 777,158 –Financial assets sold under repurchase

agreements 33,251,370 33,298,280 – 33,298,280 – – –Deposits from customers 216,389,640 221,986,731 96,432,137 29,198,997 52,073,946 44,281,651 –Debt securities issued 44,660,446 46,426,344 – 10,370,000 27,612,400 8,443,944 –

Total non-derivative financial liabilities 339,292,320 347,135,665 97,602,928 86,171,065 109,858,919 53,502,753 –

232Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

39 RISK MANAGEMENT (continued)

(3) Liquidity risk (continued)

(a) Maturity analysis (continued)

December 31, 2015

IndefiniteRepayable

on demand

Within three

months (inclusive)

Between three

months and one year

(inclusive)

Between one year and five

years (inclusive)

More than five years Total

AssetsCash and deposits with

central bank 24,093,997 8,914,310 – – – – 33,008,307Deposits/placements with

banks and other financial institutions – 4,542,100 1,127,849 7,098,689 430,000 – 13,198,638

Financial assets held under resale agreements – – 9,716,305 – – – 9,716,305

Loans and advances to customers 1,688,927 1,039,296 17,663,739 51,360,040 12,964,387 6,888,047 91,604,436

Investments 1,178,893 – 21,820,316 31,020,965 50,585,461 8,805,096 113,410,731Others 3,474,993 13,641 712,730 479,432 3,876 – 4,684,672

Total assets 30,436,810 14,509,347 51,040,939 89,959,126 63,983,724 15,693,143 265,623,089

LiabilitiesDeposits/placements from

banks and other financial institutions – 1,031,282 8,341,832 16,500,300 1,400,000 – 27,273,414

Financial assets sold under repurchase agreements – – 19,602,600 – – – 19,602,600

Deposits from customers – 77,193,149 28,379,995 41,205,143 20,368,567 2,048,617 169,195,471Debt securities issued – – 2,870,228 19,568,840 4,600,000 – 27,039,068Others – 639,158 3,025,859 216,721 679,372 127,407 4,688,517

Total liabilities – 78,863,589 62,220,514 77,491,004 27,047,939 2,176,024 247,799,070

Long/(short) position 30,436,810 (64,354,242) (11,179,575) 12,468,122 36,935,785 13,517,119 17,824,019

Investments include financial assets at fair value through profit or loss, available-for-sale financial assets, held-to-maturity investments, loans and receivables and interest in associates. The “indefinite” period amount represents the balance being impaired or overdue for more than one month, and the balance overdue within one month (inclusive) but not impaired is included in “repayable on demand”.

231 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

39 RISK MANAGEMENT (continued)

(3) Liquidity risk (continued)

(a) Maturity analysis

The following tables provide an analysis of assets and liabilities of the Group into relevant maturity groupings based on the remaining periods to repayment at the end of the reporting period:

December 31, 2016

IndefiniteRepayable on

demand

Within three months

(inclusive)

Between three months and one year

(inclusive)

Between one year and

five years (inclusive)

More than five years Total

AssetsCash and deposits with central bank 27,804,585 14,781,777 – – – – 42,586,362Deposits/placements with banks and other

financial institutions 5,000 1,269,028 991,810 10,907,305 – – 13,173,143Financial assets held under resale

agreements – – 5,119,568 – – – 5,119,568Loans and advances to customers 2,979,993 1,964,833 19,674,888 57,376,160 17,644,019 7,993,514 107,633,407Investments 476,190 – 34,413,058 49,780,090 69,761,988 28,967,719 183,399,045Financial lease receivables – – 243,257 865,592 4,547,646 64,566 5,721,061Others 2,815,553 90,285 2,850,573 2,264,771 489,172 5,032 8,515,386

Total assets 34,081,321 18,105,923 63,293,154 121,193,918 92,442,825 37,030,831 366,147,972

LiabilitiesDue to central bank – – – 77,000 – – 77,000Deposits/placements from banks and other

financial institutions – 1,170,375 13,258,700 29,784,789 700,000 – 44,913,864Financial assets sold under repurchase

agreements – – 33,251,370 – – – 33,251,370Deposits from customers – 96,415,037 28,377,046 50,290,989 41,306,568 – 216,389,640Debt securities issued – – 10,321,123 26,741,379 7,597,944 – 44,660,446Others – 384,061 3,820,997 174,192 498,307 116,720 4,994,277

Total liabilities – 97,969,473 89,029,236 107,068,349 50,102,819 116,720 344,286,597

Long/(short) position 34,081,321 (79,863,550) (25,736,082) 14,125,569 42,340,006 36,914,111 21,861,375

230Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

39 RISK MANAGEMENT (continued)

(3) Liquidity risk

Liquidity risk is the risk that a commercial bank is unable to obtain funds on a timely basis or obtain funds at a reasonable cost to meet repayment obligations or sustain its asset business. This risk exists even if a bank’s solvency remains strong.

The Group has implemented the centralised management of the Group-wide liquidity risk by the head office, and established the Risk Management Committee which mainly comprises the Liquidity Risk Management Committee, the Asset and Liability Management Committee and the Finance and Accounting Department at the head office. The responsibilities of them are as following:

– the Risk Management Committee and the Asset and Liability Management Committee are the decision-making bodies for liquidity risk management and are responsible for formulating the guidelines and policies for liquidity risk management;

– the Finance and Accounting Department is the liquidity risk management department and is responsible for implementing relevant liquidity risk management policies, monitoring various liquidity risk indicators; formulating, implementing and evaluating relevant systems, setting the Group-wide risk warning limits and guiding various business departments to manage liquidity risk on a daily basis; regularly carrying out risk analysis and reporting to the Risk Management Committee and the Asset and Liability Management Committee.

The Group manages liquidity risk by monitoring the maturities of the assets and liabilities, while actively monitoring multiple liquidity indicators, including loan to deposit ratio, liquidity ratio, reserve ratio, liquidity gap ratio, and etc.

The Group also formulates liquidity risk emergency plan to ensure sufficient liquidity under various market conditions.

A substantial portion of the Group’s assets are funded by deposits from customers. These deposits from customers, which have been growing in recent years, are widely diversified in terms of type and duration and represent a major source of funds.

229 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

39 RISK MANAGEMENT (continued)

(2) Market risk (continued)

(b) Currency risk (continued)

December 31, 2016

December 31, 2015

Increase/ (decrease)

Increase/ (decrease)

Change in profit after taxation and equity Up 100 bps change of foreign exchange rate 2,944 3,515Down 100 bps change of foreign exchange rate (2,944) (3,515)

The sensitivsity analysis mentioned above is based on a static foreign exchange exposure profile of assets and liabilities and certain simplified assumptions as set out below:

– The foreign exchange sensitivity is the gain and loss recognised as a result of one hundred basis points fluctuation in the foreign currency exchange rates against RMB based on the closing rate of reporting date;

– The exchange rates against RMB for the US dollars and other foreign currencies change in the same direction simultaneously;

– The foreign currency exposures calculated includes spot and forward foreign exchange exposures and swaps, and all the position will be held and keep unchanged after mature; and

– The analysis does not take into account the effect of risk management measures taken by the Group.

Due to the assumptions adopted, actual changes in the Group’s net profit and equity resulting from the increase or decrease in foreign exchange rates may vary from the estimated results of this sensitivity analysis.

228Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

39 RISK MANAGEMENT (continued)

(2) Market risk (continued)

(b) Currency risk (continued)

December 31, 2015

RMB USD (RMB

Equivalent)

Others (RMB

Equivalent)

Total (RMB

Equivalent)

AssetsCash and deposits with central bank 32,660,859 345,818 1,630 33,008,307Deposits/placements with banks and other

financial institutions 2,732,785 7,102,457 3,363,396 13,198,638Financial assets held under resale agreements 9,716,305 – – 9,716,305Loans and advances to customers 91,215,989 388,447 – 91,604,436Investments (i) 113,410,731 – – 113,410,731Others 4,684,672 – – 4,684,672

Total assets 254,421,341 7,836,722 3,365,026 265,623,089

LiabilitiesDeposits/placements from banks and other

financial institutions 27,206,582 66,832 – 27,273,414Financial assets sold under repurchase

agreements 19,602,600 – – 19,602,600Deposits from customers 161,687,785 7,507,602 84 169,195,471Debt securities issued 27,039,068 – – 27,039,068Others 4,104,730 159,692 424,095 4,688,517

Total liabilities 239,640,765 7,734,126 424,179 247,799,070

Net position 14,780,576 102,596 2,940,847 17,824,019

Off-balance sheet credit commitments 44,998,428 183,243 – 45,181,671

(i) Investments include financial assets at fair value through profit or loss, available-for-sale financial assets, held-to-maturity investments, loans and receivables and interest in associates.

227 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

39 RISK MANAGEMENT (continued)

(2) Market risk (continued)

(b) Currency risk

The Group’s currency risk mainly arises from foreign currency loans and deposits from customers. The Group manages currency risk by matching its foreign currency denominated assets with corresponding liabilities in the same currencies.

The Group’s currency exposures as at the end of the reporting period are as follows:

December 31, 2016

RMB USD Others Total (RMB

Equivalent)(RMB

Equivalent)(RMB

Equivalent)

AssetsCash and deposits with central bank 41,924,686 658,977 2,699 42,586,362Deposits/placements with banks and other

financial institutions 1,217,234 11,860,728 95,181 13,173,143Financial assets held under resale agreements 5,119,568 – – 5,119,568Loans and advances to customers 107,333,249 300,158 – 107,633,407Investments (i) 181,101,311 1,938,525 359,209 183,399,045Financial lease receivables 5,721,061 – – 5,721,061Others 8,405,561 109,825 – 8,515,386

Total assets 350,822,670 14,868,213 457,089 366,147,972

LiabilitiesDue to central bank 77,000 – – 77,000Deposits/placements from banks and other

financial institutions 44,913,864 – – 44,913,864Financial assets sold under repurchase

agreements 33,251,370 – – 33,251,370Deposits from customers 203,931,962 12,457,528 150 216,389,640Debt securities issued 44,660,446 – – 44,660,446Others 4,849,474 144,615 188 4,994,277

Total liabilities 331,684,116 12,602,143 338 344,286,597

Net position 19,138,554 2,266,070 456,751 21,861,375

Off-balance sheet credit commitments 62,092,376 1,191,032 – 63,283,408

226Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

39 RISK MANAGEMENT (continued)

(2) Market risk (continued)

(a) Interest rate risk (continued)

(1) Repricing risk (continued)

(2) Interest rate sensitivity analysis

December 31, 2016

December 31, 2015

(Decrease)/Increase

(Decrease)/Increase

Change in net profit

Up 100 bps parallel shift in yield curves (151,094) (27,612)Down 100 bps parallel shift in yield curves 151,094 27,612

December 31, 2016

December 31, 2015

(Decrease)/Increase

(Decrease)/Increase

Change in equity

Up 100 bps parallel shift in yield curves (175,169) (334,806)Down 100 bps parallel shift in yield curves 175,169 334,806

The sensitivity analysis above is based on a static interest risk exposure profile of assets and liabilities. This analysis measures only the impact of changes in interest rates within one year, showing how annualised net profit or loss and equity would have been affected by repricing of the Group’s assets and liabilities within the one-year period. The sensitivity analysis is based on the following assumptions:

– All assets and liabilities that reprice or mature within three months and after three months but within one year reprice or mature in the beginning of the respective periods;

– There is a parallel shift in the yield curve with the changes in interest rates;

– There are no other changes to the assets and liabilities portfolio, all the position will be held and keep unchanged after matured; and

– The analysis does not take into account the effect of risk management measures taken by the management.

Due to the adoption of the aforementioned assumptions, the actual changes in the Group’s net profit and equity caused by an increase or decrease in interest rates might vary from the estimated results of this sensitivity analysis.

225 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

39 RISK MANAGEMENT (continued)

(2) Market risk (continued)

(a) Interest rate risk (continued)

(1) Repricing risk (continued)

December 31, 2015

TotalNon-interest

bearing

Within three months

(inclusive)

Between three months and one year

(inclusive)

Between one year and

five years (inclusive)

More than five years

AssetsCash and deposits with central bank 33,008,307 984,725 32,023,582 – – –Deposits/placements with banks and other

financial institutions 13,198,638 120,885 5,549,064 7,098,689 430,000 –Financial assets held under resale agreements 9,716,305 – 9,716,305 – – –Loans and advances to customers (i) 91,604,436 – 77,440,358 14,057,638 102,348 4,092Investments (ii) 113,410,731 204,026 36,666,203 18,861,466 49,287,032 8,392,004Others 4,684,672 4,684,672 – – – –

Total assets 265,623,089 5,994,308 161,395,512 40,017,793 49,819,380 8,396,096

LiabilitiesDeposits/placements from banks and

other financial institutions 27,273,414 – 9,373,114 16,500,300 1,400,000 –Financial assets sold under repurchase agreements 19,602,600 – 19,602,600 – – –Deposits from customers 169,195,471 284,313 105,288,831 41,205,143 20,368,567 2,048,617Debt securities issued 27,039,068 – 2,870,228 19,568,840 4,600,000 –Others 4,688,517 4,688,517 – – – –

Total liabilities 247,799,070 4,972,830 137,134,773 77,274,283 26,368,567 2,048,617

Asset-liability gap 17,824,019 1,021,478 24,260,739 (37,256,490) 23,450,813 6,347,479

(i) For the Group’s loans and advances to customers, the category “Within three months (inclusive)” as at December 31, 2016 includes overdue amounts (net of allowance for impairment losses) of RMB4,086 million (2015: RMB2,223 million).

(ii) Investments include financial assets at fair value through profit or loss, available-for-sale financial assets, held-to-maturity investments, loans and receivables and interest in associates, the category “Within three months (inclusive)” as at December 31, 2016 includes overdue amounts (net of allowance for impairment losses) of RMB213 million (2015: RMB975 million).

224Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

39 RISK MANAGEMENT (continued)

(2) Market risk (continued)

(a) Interest rate risk (continued)

(1) Repricing risk (continued)

The following tables indicate the assets and liabilities analysis as at the end of the reporting period by the expected next repricing dates or by maturity dates, depending on which is earlier:

December 31, 2016

TotalNon-interest

bearing

Within three months

(inclusive)

Between three months and one year

(inclusive)

Between one year

and five years (inclusive)

More than five years

AssetsCash and deposits with central bank 42,586,362 992,987 41,593,375 – – –Deposits/placements with banks and other financial

institutions 13,173,143 14,774 2,246,064 10,907,305 – 5,000Financial assets held under resale agreements 5,119,568 – 5,119,568 – – –Loans and advances to customers (i) 107,633,407 – 88,385,736 18,629,953 600,530 17,188Investments (ii) 183,399,045 263,595 43,018,787 42,725,015 68,842,106 28,549,542Financial lease receivables 5,721,061 – 5,721,061 – – –Others 8,515,386 6,297,786 2,217,600 – – –

Total assets 366,147,972 7,569,142 188,302,191 72,262,273 69,442,636 28,571,730

LiabilitiesDue to central bank 77,000 – – 77,000 – –Deposits/placements from banks and other financial

institutions 44,913,864 – 14,429,075 29,784,789 700,000 –Financial assets sold under repurchase agreements 33,251,370 – 33,251,370 – – –Deposits from customers 216,389,640 319,554 124,472,530 50,290,988 41,306,568 –Debt securities issued 44,660,446 – 10,321,123 26,741,379 7,597,944 –Others 4,994,277 4,994,277 – – – –

Total liabilities 344,286,597 5,313,831 182,474,098 106,894,156 49,604,512 –

Asset-liability gap 21,861,375 2,255,311 5,828,093 (34,631,883) 19,838,124 28,571,730

223 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

39 RISK MANAGEMENT (continued)

(2) Market risk (continued)

(a) Interest rate risk

The Group is primarily exposed to interest rate risk arising from repricing risk in its commercial banking business and the risk of treasury position.

(1) Repricing risk

Repricing risk, which is also known as “maturity mismatch risk”, is the most common form of interest rate risk. It is caused by the differences in timing between the maturities (related to fixed interest instruments) or repricing (related to floating interest instruments) of assets, liabilities and off-balance sheet items. The mismatch of repricing causes the Group’s income or its inherent economic value to vary with the movement in interest rates.

The Finance and Accounting Department and the Risk Management Department are responsible for identifying, measuring, monitoring and managing interest rate risk. The Group regularly performs assessment on the interest rate repricing gap between the assets and liabilities that are sensitive to changes in interest rates and sensitivity analysis on the net interest income as a result of changes in interest rates. The primary objective of interest rate risk management is to minimise potential adverse effects on its net interest income or its inherent economic value caused by interest rate volatility.

222Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

39 RISK MANAGEMENT (continued)

(2) Market risk

Market risk is the risk of loss, in respect of the Group’s activities, arising from adverse movements in market rates including interest rates, exchange rates, commodity prices, stock prices and other prices. The market risk management aims to manage and monitor market risk, control the potential losses associated with market risk within the acceptable limit and maximise the risk-adjusted income.

The Board is responsible for approving the market risk management strategies and policies, determining the acceptable level of market risk and authorising the Risk Management Committee to supervise the market risk management conducted by the senior management. The Finance and Accounting Department, Trade Finance Department, Financial Markets Department and Risk Management Department are responsible for identifying, measuring, monitoring and reporting the market risk.

The Group employed sensitivity analysis, interest repricing gap analysis, foreign currency gap analysis, stress testing and effective duration analysis to measure and monitor the market risk.

Sensitivity analysis is a technique which assesses the sensitivity of the Group’s overall risk profile and its risk profile with reference to the interest rate risks for different maturities.

Interest repricing gap analysis is a technique which estimates the impact of interest rate movements on the Group’s current profit or loss. It is used to work out the gap between future cash inflows and outflows by categorising each of the Group’s interest-bearing assets and interest-taking liabilities into different periods based on repricing dates.

Foreign currency gap analysis is a technique which estimates the impact of foreign exchange rate movements on the Group’s current profit or loss. The foreign currency gap mainly arises from the currency mismatch in the Group’s on/off-balance sheet items.

The results of stress testing are assessed against a set of forward-looking scenarios using stress moves in market variables. The results are used to estimate the impact on profit or loss.

Effective duration analysis is a technique which estimates the impact of interest rate movements by giving a weight to each period’s exposure according to its sensitivity, calculating the weighted exposure, and summarising all periods’ weighted exposures to estimate the non-linear impact of a change in interest rates on the Group’s economic value.

221 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

39 RISK MANAGEMENT (continued)

(1) Credit risk (continued)

Treasury Business (continued)

(e) Financial investments classified as loans and receivables

December 31, 2016

December 31, 2015

Gross balance of financial investments classified as loans and receivables

– Neither overdue nor impaired 118,429,929 64,330,673– Overdue but not impaired 225,000 920,000– Impaired 90,000 90,000

Sub-total 118,744,929 65,340,673

Less: allowance for impairment loss– Neither overdue nor impaired (417,727) (200,245)– Overdue but not impaired (76,858) (9,340)– Impaired (25,428) (25,428)

Sub-total (520,013) (235,013)

Net balance– Neither overdue nor impaired 118,012,202 64,130,428– Overdue but not impaired 148,142 910,660– Impaired 64,572 64,572

118,224,916 65,105,660

Fair value of collaterals held against financial investments classified as loans and receivables overdue but not impaired 780,228 1,969,228

Fair value of collaterals held against impaired financial investments classified as loans and receivables 64,572 64,572

220Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

39 RISK MANAGEMENT (continued)

(1) Credit risk (continued)

Treasury Business (continued)

(d) Debt securities investments

The credit risk of debt securities investments mainly arises from the risk that the issuer might default on a payment or go into liquidation. Debt securities investments by different types of issuers are generally subject to different degrees of credit risk.

The following tables present an analysis of the Group’s total credit risk exposures of debt securities investments by types of issuers:

December 31, 2016

December 31, 2015

Carrying amount

Neither overdue nor impaired– Government 14,783,193 11,981,639– Policy banks 32,869,336 21,228,126– Banks and other financial institutions 6,916,944 3,047,887– Corporate 4,974,148 7,483,453

Total 59,543,621 43,741,105

219 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

39 RISK MANAGEMENT (continued)

(1) Credit risk (continued)

Treasury Business (continued)

(b) Loans and advances to customers (continued)

(iv) Loans and advances rescheduled

Rescheduling is a voluntary or, to a limited extent, court-supervised procedure, through which the Group and a borrower and/or its guarantor, if any, reschedule credit terms generally as a result of deterioration in the borrowers’ financial conditions or of the borrowers’ inabilities to make payments when due. The Group reschedules a non-performing loan only if the borrower has good prospects. In addition, prior to approving the rescheduling of loans, the Group typically requires additional guarantees, pledges and/or collateral, or assumption of the loans by a borrower with better repayment ability. Rescheduling is most commonly applied to term loans. There were no rescheduled loans as at December 31, 2015 and 2016.

(c) Amounts due from banks and other financial institutions

The Group adopts an internal credit rating approach in managing the credit risk of amounts due from banks and other financial institutions. The distribution according to the credit rating of amounts due from banks and non-bank financial institutions (including deposits with banks and other financial institutions, placements with banks and other financial institutions, and financial assets held under resale agreements for which counterparties are banks and non-bank financial institutions) is as follows:

December 31, 2016

December 31, 2015

Carrying amount

Neither overdue nor impaired– grade A to AAA 15,781,416 21,345,497– grade B to BBB 1,635,441 1,101,104– unrated 875,854 468,342

Total 18,292,711 22,914,943

218Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

39 RISK MANAGEMENT (continued)

(1) Credit risk (continued)

Treasury Business (continued)

(b) Loans and advances to customers (continued)

(iii) Impaired loans

December 31, 2016

December 31, 2015

Gross balance– Corporate loans and advances 1,216,287 990,023– Personal loans and advances 240,777 50,110

Sub-total 1,457,064 1,040,133

% of total loans and advances 1.31% 1.10%

Allowance for impairment losses– Corporate loans and advances (536,463) (386,153)– Personal loans and advances (100,701) (20,408)

Sub-total (637,164) (406,561)

Net balance– Corporate loans and advances 679,824 603,870– Personal loans and advances 140,076 29,702

Total 819,900 633,572

Fair value of collateral held against impaired loans and advances 697,242 274,355

The above collateral mainly included land, buildings, machinery and equipment, etc. The fair value of collateral was estimated by the Group based on the latest external valuations available, adjusted in light of disposal experience and current market conditions.

217 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

39 RISK MANAGEMENT (continued)

(1) Credit risk (continued)

Treasury Business (continued)

(b) Loans and advances to customers (continued)

(ii) Overdue but not impaired

The following tables present the overdue analysis of each type of loans and advances to customers of the Group which were overdue but not impaired as at the end of the reporting period.

December 31, 2016

Less than 1 month

(inclusive)

1 to 3 months

(inclusive)

3 months to 1 year

(inclusive)More than

1 year Total

Corporate loans and advances 843,744 1,564,393 279,922 15,186 2,703,245Personal loans and advances 328,796 468,962 260,175 400 1,058,333

Total gross balance 1,172,540 2,033,355 540,097 15,586 3,761,578

December 31, 2015

Less than 1 month

(inclusive)

1 to 3 months

(inclusive)

3 months to 1 year

(inclusive)More than

1 year Total

Corporate loans and advances 475,701 1,042,178 95,664 – 1,613,543Personal loans and advances 102,780 88,845 50,286 360 242,271

Total gross balance 578,481 1,131,023 145,950 360 1,855,814

December 31, 2016

December 31, 2015

Fair value of collateral held against loans and advances overdue but not impaired 3,051,757 1,210,164

The above collaterals mainly include land, buildings, machinery and equipment, etc. The fair value of collaterals were estimated by the Group based on the latest external valuations available, adjusted in light of disposal experience and current market conditions.

216Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

39 RISK MANAGEMENT (continued)

(1) Credit risk (continued)

Treasury Business (continued)

(b) Loans and advances to customers

December 31, 2016

December 31, 2015

Gross balance of loans and advances to customers– Neither overdue nor impaired 105,873,597 91,397,779– Overdue but not impaired 3,761,578 1,855,814– Impaired 1,457,064 1,040,133

Sub-total 111,092,239 94,293,726

Less: allowance for impairment loss– Neither overdue nor impaired (2,326,501) (2,016,712)– Overdue but not impaired (495,167) (266,017)– Impaired (637,164) (406,561)

Sub-total (3,458,832) (2,689,290)

Net balance– Neither overdue nor impaired 103,547,096 89,381,067– Overdue but not impaired 3,266,411 1,589,797– Impaired 819,900 633,572

Total 107,633,407 91,604,436

(i) Neither overdue nor impaired

Credit risk of loans and advances to customers neither overdue nor impaired was analysed as follows:

December 31, 2016

December 31, 2015

Corporate loans and advances 82,357,390 68,848,711Personal loans and advances 23,516,207 22,549,068

Total gross balance 105,873,597 91,397,779

215 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

39 RISK MANAGEMENT (continued)

(1) Credit risk (continued)

The Group adopts a loan risk classification approach to manage its loan portfolio risk. Loans are generally classified as normal, special mention, substandard, doubtful and loss according to their levels of risk. Substandard, doubtful and loss loans are considered to be impaired loans and advances. They are classified as such when one or more events demonstrate that there is objective evidence of a loss event. The impairment loss is assessed collectively or individually as appropriate.

The core definitions of the five categories of loans and advances are set out below:

Normal: Borrowers can honour the terms of their loans. There is no reason to doubt their ability to repay principal and interest in full on a timely basis.

Special mention: Borrowers are currently able to service their loans and interest, although repayment may be adversely affected by specific factors.

Substandard: Borrowers’ ability to service their loans is in question and they cannot rely entirely on normal business revenues to repay principal and interest. Losses may ensue even when collateral or guarantees are invoked.

Doubtful: Borrowers cannot repay principal and interest in full and significant losses will need to be recognised even when collateral or guarantees are invoked.

Loss: Principal and interest of loans cannot be recovered or only a small portion of them can be recovered after taking all possible measures or resorting to all necessary legal procedures.

Treasury Business

The Group’s treasury business are exposed to the credit risk associated with the investment business and interbank business. The Group manages the credit risk exposures by setting up credit on its treasury business and interbank business. Credit risk exposure is closely monitored on a systematic, real-time basis. Credit risk limits are reviewed and updated regularly.

(a) Maximum credit risk exposure

The maximum exposure to credit risk is represented by the carrying amount of each type of financial assets as at the end of each of the reporting period. The maximum exposure to credit risk in respect of those off-balance sheet items as at the end of each of the reporting period is disclosed in Note 41(1).

214Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

38 SEGMENT REPORTING (continued)

(2) Geographical information

Geographically, the Group mainly conducts its business and majority of its customers and assets are located in Henan Province of the PRC.

39 RISK MANAGEMENT

The Group is primarily exposed to credit, interest rate, currency and liquidity risks from its use of financial instruments in the normal course of the Group’s operations. This note mainly presents information about the Group’s exposure to each of the above risks and their sources, the Group’s objectives, policies and processes for measuring and managing risks.

The Group aims to seek the appropriate balance between the risks and benefits from its use of financial instruments and minimise potential adverse effects.

The Board of Directors (the “Board”) is the highest decision-making authority within the Group in terms of risk management and oversees the Group’s risk management functions through the Risk Management Committee. The Group’s risk management policies are established to identify and analyse the risks faced by the Group, to set appropriate risk limits and controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Group’s activities.

Senior management is the highest execution level in the risk management structure and reports directly to the Risk Management Committee of the Board. Based on the risk management strategies determined by the Board, senior management is responsible for formulating and implementing risk management policies and systems, as well as supervising, identifying and controlling the risks that various businesses are exposed to.

(1) Credit risk

Credit risk represents the potential loss that may arise from the failure of a debtor or counterparty to meet its contractual obligation or commitment to the Group. It arises primarily from credit and debt investments portfolios and guarantees granted.

Credit business

The Board is responsible for establishing the Group’s risk management strategies and the overall risk tolerance level. The Board also monitors the Group’s risk management process and regularly assesses the Group’s risk position and risk management strategies, ensures that credit risk in various businesses are properly identified, assessed, calculated and monitored. The Risk Management Department is responsible for credit risk management. Departments such as the Corporate Business Department, the Retail Banking Department, the Financial Department of Small Business, the Interbank Department and the Financial Markets Department carry out credit businesses and investments portfolios business according to the Group’s risk management policies and procedures.

213 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

38 SEGMENT REPORTING (continued)

Year ended December 31, 2015

Corporate banking

Retail banking

Treasury business Others Total

Operating incomeExternal net interest income 2,507,005 885,784 3,513,723 – 6,906,512Internal net interest income/(expense) 635,080 355,203 (990,283) – –

Net interest income 3,142,085 1,240,987 2,523,440 – 6,906,512Net fee and commission income 263,905 65,216 384,275 – 713,396Net trading gains – – 127,261 – 127,261Net gains arising from investments – – 26,622 – 26,622Other operating income – – – 87,460 87,460

Operating income 3,405,990 1,306,203 3,061,598 87,460 7,861,251Operating expenses (1,185,472) (532,300) (494,883) (40,105) (2,252,760)Impairment losses on assets (1,120,166) (47,360) (130,000) – (1,297,526)

Operating profit 1,100,352 726,543 2,436,715 47,355 4,310,965Share of profits of associates – – – 50,777 50,777

Profit before taxation 1,100,352 726,543 2,436,715 98,132 4,361,742

Other segment information– Depreciation and amortisation 91,756 49,387 16,139 – 157,282

– Capital expenditure 115,953 62,696 29,676 – 208,325

December 31, 2015

Corporate banking

Retail banking

Treasury business Others Total

Segment assets 92,492,299 33,121,050 138,268,499 1,152,098 265,033,946Deferred tax assets 589,143

Total assets 265,623,089

Segment liabilities/Total liabilities 121,873,977 49,903,368 74,846,462 1,175,263 247,799,070

Credit commitments 44,718,520 463,151 – – 45,181,671

212Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

38 SEGMENT REPORTING (continued)

Year ended December 31, 2016

Corporate banking

Retail banking

Treasury business Others Total

Operating incomeExternal net interest income 2,876,115 600,720 4,823,158 – 8,299,993Internal net interest income/(expense) 501,471 344,227 (845,698) – –

Net interest income 3,377,586 944,947 3,977,460 – 8,299,993Net fee and commission income 517,463 90,485 606,493 – 1,214,441Net trading gains – – 79,267 – 79,267Net gains arising from investments – – 207,995 – 207,995Other operating income – – – 178,790 178,790

Operating income 3,895,049 1,035,432 4,871,215 178,790 9,980,486Operating expenses (1,112,862) (417,344) (867,596) (36,722) (2,434,524)Impairment losses on assets (1,674,808) (386,564) (285,000) – (2,346,372)

Operating profit 1,107,379 231,524 3,718,619 142,068 5,199,590Share of profits of associates – – – 57,443 57,443

Profit before taxation 1,107,379 231,524 3,718,619 199,511 5,257,033

Other segment information– Depreciation and amortisation 114,133 63,716 34,840 – 212,689

– Capital expenditure 191,695 107,016 58,517 4,021 361,249

December 31, 2016

Corporate banking

Retail banking

Treasury business Others Total

Segment assets 121,525,598 37,659,309 204,406,701 1,586,706 365,178,314Deferred tax assets 969,658

Total assets 366,147,972

Segment liabilities/Total liabilities 153,771,965 65,315,377 124,399,087 800,168 344,286,597

Credit commitments 62,277,614 1,005,794 – – 63,283,408

211 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

38 SEGMENT REPORTING

(1) Business Segment

The Group manages its business by business lines. Consistent with the way in which information is reported internally to the Group’s most senior executive management for the purposes of resource allocation and performance assessment, the Group defines reporting segments based on the following operating segments:

Corporate banking

This segment represents the provision of a range of financial products and services to corporations, government agencies and financial institutions. These products and services include corporate loans and advances, trade finance and deposit taking activities, financial leasing services, agency services, and remittance and settlement services.

Retail banking

This segment represents the provision of a range of financial products and services to retail customers. These products and services include personal loans and deposit taking activities, bank card business, personal wealth management services, remittance and settlement services, and collection and payment agency services.

Treasury business

This segment covers the Group’s treasury business including interbank money market transactions, repurchases transactions and investments. The treasury segment also covers management of the Group’s overall liquidity position, including issuance of debts.

Others

These represent equity investment and related income and any other business which cannot form a single reportable segment.

Measurement of segment assets and liabilities and of segment income, expenses and results is based on the Group’s accounting policies.

Internal charges and transfer prices are determined with reference to market rates and have been reflected in the performance of each segment. Interest income and expense earned from third parties are referred to as “external net interest income/expense”. Net interest income and expense arising from internal charges and transfer pricing adjustments are referred to as “internal net interest income/expense”.

Segment income, expenses, assets and liabilities include items directly attributable to a segment as well as those that can be allocated on a reasonable basis, with the exception of deferred income tax assets. Segment income, expenses, assets and liabilities are determined before intra-group balances and intra-group transactions are eliminated as part of the consolidation process. Segment capital expenditure is the total cost incurred during the reporting period to acquire property and equipment, intangible assets and other long-term assets.

210Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

37 RELATED PARTY RELATIONSHIPS AND TRANSACTIONS (continued)

(3) Key management personnel (continued)

(b) Key management personnel remuneration

2016 2015

Salaries and other emoluments 11,531 11,116Discretionary bonuses 21,135 16,852Contribution by the employer to social insurance and welfare

plans, housing allowance, etc. 2,751 2,597

Total 35,417 30,565

No post-employement benefits, termination benefits or other long-term benefits were provided to key management personnel for the years ended December 31, 2016 and December 31, 2015.

(c) Loans to key officers

Loans and advances to directors, supervisors and officers of the Bank, which are disclosed pursuant to section 78 of Schedule 11 to the new Hong Kong Companies Ordinance (Cap. 622), with reference to section 161 of the predecessor Hong Kong Companies Ordinance (Cap. 32), are as follows:

December 31, 2016

December 31, 2015

Aggregate amount of relevant loans outstanding as at the year end 8,582 12,121

Maximum aggregate amount of relevant loans outstanding during the year 19,832 24,785

There were no amount due but unpaid, nor any impairment provision made against the principal or interest on these loans at December 31, 2016 (2015: Nil).

209 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

37 RELATED PARTY RELATIONSHIPS AND TRANSACTIONS (continued)

(2) Related party transactions and balances (continued)

(d) Transactions with other important related parties (continued)

2016 2015

Transactions during the year:

Interest income 191,728 357,701Interest expense 52,633 52,367

(3) Key management personnel

(a) Transactions with key management personnel

December 31, 2016

December 31, 2015

Balances at the end of the year:

Loans and advances to customers 8,582 12,121Interest receivables 11 17Deposits from customers 19,258 6,519Interest payable 4 2

2016 2015

Transactions during the year:

Interest income 348 614Interest expense 88 32

208Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

37 RELATED PARTY RELATIONSHIPS AND TRANSACTIONS (continued)

(2) Related party transactions and balances (continued)

(c) Transactions with associates

December 31, 2016

December 31, 2015

Balances at the end of the year:

Deposits/Placements with banks and otherfinancial institutions 50,900 270,000

Interest receivables 1,330 1,671Other assets – 1,288Deposits/Placements from banks and other financial institutions 169,982 922,938Interest payable 37 1,435

2016 2015

Transactions during the year:

Interest income 8,632 11,921Interest expense 30,069 73,404

(d) Transactions with other important related parties

December 31, 2016

December 31, 2015

Balances at the end of the year:

Loans and advances to customers 1,941,111 240,465Financial assets at fair value through profit or loss – 70,008Held to maturity investments – 100,000Financial investments classified as loans and receivables 1,500,000 5,533,880Interest receivables 4,534 17,446Deposits from customers 4,285,915 4,440,166Deposits/Placements from banks and other financial institutions 114,674 335,712Interest payable 4,760 1,845

207 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

37 RELATED PARTY RELATIONSHIPS AND TRANSACTIONS (continued)

(2) Related party transactions and balances

Related party transactions of the Group mainly refer to loans and deposits, which are entered into in the normal course and terms of business, with consistent pricing policies as in transactions with independent third parties.

(a) Transactions with major shareholders

December 31, 2016

December 31, 2015

Balances at the end of the year:

Deposits from customers 473,204 236,362Interest payable 50 24Other liabilities 64,285 64,285

2016 2015

Transactions during the year:

Interest expense 725 1,332

(b) Transactions with subsidiaries

December 31, 2016

December 31, 2015

Balances at the end of the year:

Deposits from banks and other financial institutions 450,774 40,000interest payable 556 7

2016 2015

Transactions during the year:

Interest expense 8,204 7

The above balances and transactions with subsidiaries have been eliminated in full in the consolidated financial statements.

206Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

37 RELATED PARTY RELATIONSHIPS AND TRANSACTIONS

(1) Relationship of related parties

(a) Major shareholders

Major shareholders include shareholders of the Bank with 5% or above shareholding.

Shareholding in the Bank:

December 31, 2016

December 31, 2015

Zhengzhou Finance Bureau 9.22% 9.55%Yutai International (Henan) Real Estate Development Co., Ltd. 4.92% 5.10%

(b) Subsidiaries and associates of the Bank

The detailed information of the Bank’s subsidiaries and associates is set out in Note 22.

(c) Other related parties

Other related parties can be individuals or enterprises, which include: members of the board of directors, the board of supervisors and senior management, and close family members of such individuals; entities (and their subsidiaries) controlled or jointly controlled by members of the board of directors, the board of supervisors and senior management, and close family members of such individuals; and entities controlled or jointly controlled by the major shareholders of the Bank as set out in Note 37(1)(a) or their controlling shareholders. Other related parties also include post-employment benefit plans of the Bank (Note 32(2)).

205 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

35 PROFIT DISTRIBUTION

(1) In accordance with the resolution of the Bank’s board of directors meeting held on March 25, 2017, cash dividends of RMB2.2 per ten shares before tax and in an aggregation amount of approximately RMB1,171 million to all existing shareholders for the year ended December 31, 2016 has been proposed.

The profit appropriation resolution mentioned above has yet to be approved by the Bank’s shareholders.

(2) In accordance with the resolution of the Bank’s 2015 Annual General Meeting held on June 17, 2016, the shareholders approved the profit distribution plan for the year ended December 31, 2015 and declared cash dividends of RMB2.00 per ten shares before tax and in an aggregation amount of approximately RMB1,064 million to all existing shareholders.

(3) In accordance with the resolution of the Bank’s 2014 Annual General Meeting held on June 18, 2015, the shareholders approved the profit distribution plan for the year ended December 31, 2014 and declared cash dividends of RMB1.80 per ten shares before tax and in an aggregation amount of approximately RMB710 million to all existing shareholders.

36 NOTES TO CONSOLIDATED CASH FLOW STATEMENT

Cash and cash equivalents comprise:

December 31, 2016

December 31, 2015

Cash on hand 956,980 854,463Surplus deposit reserves with central bank 13,824,798 8,059,847Deposits with banks and other financial institutions with original maturity of

three months or less 1,341,021 5,599,950

Total 16,122,799 14,514,260

204Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

34 RESERVES (continued)

(6) Movements in components of equity (continued)

The Bank

NoteShare

capitalCapital reserve

Surplus reserve

General reserve

Fair value reserve

Remeasurement of net defined benefit liability

Retained earnings Total

Balance at January 1, 2015 3,941,932 100,327 902,085 2,313,200 2,436 (27,572) 4,173,170 11,405,578

Profit for the year – – – – – – 3,357,077 3,357,077Other comprehensive income – – – – 7,969 (27,767) – (19,798)

Total comprehensive income – – – – 7,969 (27,767) 3,357,077 3,337,279

Changes in share capital– Issue of H-shares 33 1,200,000 2,562,237 – – – – – 3,762,237

Sub-total 1,200,000 2,562,237 – – – – – 3,762,237

Appropriation of profit:– Appropriation to surplus reserve 34(2) – – 335,708 – – – (335,708) –– Appropriation to general reserve 34(3) – – – 850,000 – – (850,000) –– Cash dividend 35 – – – – – – (709,548) (709,548)

Sub-total – – 335,708 850,000 – – (1,895,256) (709,548)

Balance at December 31, 2015 5,141,932 2,662,564 1,237,793 3,163,200 10,405 (55,339) 5,634,991 17,795,546

203 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

34 RESERVES (continued)

(6) Movements in components of equity

The reconciliation between the opening and closing balances of each component of the Group’s consolidated equity is set out in the consolidated statement of changes in equity. Details of the changes in the Bank’s individual components of equity between the beginning and the end of the year are set out below:

The Bank

NoteShare

capitalCapital reserve

Surplus reserve

General reserve

Fair value reserve

Remeasurement of net defined

benefit liabilityRetainedearnings Total

Balance at January 1, 2016 5,141,932 2,662,564 1,237,793 3,163,200 10,405 (55,339) 5,634,991 17,795,546

Profit for the year – – – – – – 3,951,001 3,951,001Other comprehensive income – – – – (7,564) 3,080 – (4,484)

Total comprehensive income – – – – (7,564) 3,080 3,951,001 3,946,517

Changes in share capital– Issue of H-shares 33 180,000 392,422 – – – – – 572,422Others – (782) – – – – – (782)

Sub-total 180,000 391,640 – – – – – 571,640

Appropriation of profit:– Appropriation to surplus reserve 34(2) – – 395,100 – – – (395,100) –– Appropriation to general reserve 34(3) – – – 1,350,000 – – (1,350,000) –– Cash dividend 35 – – – – – – (1,064,386) (1,064,386)

Sub-total – – 395,100 1,350,000 – – (2,809,486) (1,064,386)

Balance at December 31, 2016 5,321,932 3,054,204 1,632,893 4,513,200 2,841 (52,259) 6,776,506 21,249,317

202Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

34 RESERVES (continued)

(5) Remeasurement of net defined benefit liability

Rmeasurement of net defined benefit liability represents actuarial gains or losses, net of tax, from remeasuring the net defined benefit liability.

2016 2015

As at January 1 (55,339) (27,572)

Remeasuring the net defined benefit liability 4,107 (37,023)Less: deferred income tax (1,027) 9,256

Sub-total 3,080 (27,767)

As at December 31 (52,259) (55,339)

201 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

34 RESERVES

(1) Capital reserve

December 31, 2016

December 31, 2015

Share premium 2,990,312 2,597,890Others 63,892 64,674

Total 3,054,204 2,662,564

(2) Surplus reserve

The surplus reserve at the end of the reporting period represented statutory surplus reserve fund and discretionary surplus reserve fund.

Pursuant to the Company Law of the PRC and the Article of Association of the Bank, the Bank is required to appropriate 10% of its net profit as on an annual basis determined under the PRC GAAP after making good prior year’s accumulated loss, to statutory surplus reserve fund until the reserve fund balance reaches 50% of its registered capital. The Bank appropriated an amount of RMB395 million to the statutory surplus reserve fund for the year of 2016 (2015: RMB336 million).

The Bank may also appropriate discretionary surplus reserve fund in accordance with the resolution of the shareholders.

(3) General reserve

July 1, 2012, pursuant to the “Measures on Impairment Allowances for Financial Enterprises (Cai Jin [2012] No. 20)” issued by the MOF, the Bank is required to set aside a general reserve through profit appropriation which should not be lower than 1.5% of the ending balance of its gross risk-bearing assets on an annual basis. The Bank appropriated an amount of RMB1,365 million to the general reserve fund for the year of 2016 (2015: RMB850 million).

(4) Fair value reserve

2016 2015

As at January 1 10,405 2,436

Change in fair value recognised in other comprehensive income 33,961 10,998Transfer to profit or loss upon disposal (44,047) (372)Less: deferred income tax 2,522 (2,657)

Sub-total (7,564) 7,969

As at December 31 2,841 10,405

200Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

32 OTHER LIABILITIES (continued)

(2) Accrued staff costs (continued)

(a) Supplementary retirement benefits (“SRB”) (continued)

(iii) Key actuarial assumptions of the Group are as follows: (continued)

December 31, 2016

December 31, 2015

Supplementary retirement plan

Discount rate 3.50% 3.40%Retired age

– Male 60 60– Female 55 55

33 SHARE CAPITAL

Authorised and issued share capital

December 31, 2016

December 31, 2015

Ordinary shares in Mainland China 3,803,932 3,821,932Ordinary shares listed in Hong Kong (H-share) 1,518,000 1,320,000

Total 5,321,932 5,141,932

In December 2015, the Bank issued 1,200 million H-shares with a par value of RMB1 at an offering price of HKD3.85 per share (the “H-share offering”). The premium arising from the H-share offering amounting to RMB2,562 million was recorded in capital reserve. Immediately following the H-share offering, 120 million ordinary shares in Mainland China shares held by the National Council and Social Security Fund were converted to H-shares pursuant to the relevant PRC regulations relating to the reduction of state-owned shares.

In January 2016, the Bank issued 180 million H-shares (H-shares’ over-allotment option) with a per value of RMB1 at an offering price of HKD3.85 per share. The premium arising from the H-share offering amounting to RMB392 million was recorded in capital reserve.

All the above H-shares have been listed on the Stock Exchange of Hong Kong Limited since January 20, 2016. The H-shares rank pari passu in all respects with the existing ordinary shares in Mainland China including the right to receive all dividends and distributions declared or made.

199 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

32 OTHER LIABILITIES (continued)

(2) Accrued staff costs (continued)

(a) Supplementary retirement benefits (“SRB”) (continued)

(i) The balances of supplementary retirement benefits of the Group are as follows:

December 31, 2016

December 31, 2015

Present value of early retirement plan 41,664 54,796Present value of supplementary retirement plan 173,976 180,491

Total 215,640 235,287

(ii) The movements of supplementary retirement benefits of the Group are as follows:

2016 2015

As at January 1 235,287 214,918Benefits paid during the year (22,855) (23,762)Defined benefit cost recognised in profit or loss 7,315 7,108Defined benefit cost recognised in other

comprehensive income (4,107) 37,023

As at December 31 215,640 235,287

(iii) Key actuarial assumptions of the Group are as follows:

December 31, 2016

December 31, 2015

Early retirement plan

Discount rate 2.80% 2.50%Retired age– Male 60 60– Female 55 55Annual increase rate of internal salary 8.00% 8.00%

198Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

32 OTHER LIABILITIES (continued)

(1) Interest payable

December 31, 2016

December 31, 2015

Interest payable arising from:– Deposits from customers 2,587,932 1,947,342– Deposits and placements from banks and other financial institutions 398,501 438,160– Debt securities issued 82,372 150,156– Financial assets sold under repurchase agreements 26,740 7,244– Due to central bank 41 –

Total 3,095,586 2,542,902

(2) Accrued staff costs

NoteDecember 31,

2016December 31,

2015

Salary, bonuses and allowances payable 132,572 104,201Staff welfare 4,529 –Social insurance and annuity payable 2,613 –Housing allowances payable 131 13Labor union fee, staff and workers’ education fee 11,902 13,545Supplementary retirement benefits payable (a) 215,640 235,287

Total 367,387 353,046

(a) Supplementary retirement benefits (“SRB”)

The supplementary retirement benefits of the Group include early retirement plan and supplementary retirement plan. The early retirement benefits payments is provided to employees who voluntarily agreed to retire before the retirement age during the period from the date of early retirement to the statutory retirement date. The supplementary retirement plan is provided to the Group’s eligible employees.

The amount represents the present value of the total estimated amount of future benefits that the Group is committed to pay for eligible employees at the end of the reporting period. The Group’s obligations in respect of the SRB were accessed using projected unit credit method by qualified staff (a member of society of Actuaries in America) of an external independent actuary: Mercer Consulting (China) Ltd..

197 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

31 DEBT SECURITIES ISSUED

NoteDecember 31,

2016December 31,

2015

Financial bonds (1) 2,600,000 5,000,000Tier-two capital bonds (2) 4,997,944 2,000,000Interbank deposits 37,062,502 20,039,068

Total 44,660,446 27,039,068

(1) Fixed rate financial bonds of RMB5.0 billion were issued in May 2013, detailed information is as follow:

a. Fixed rate financial bonds of RMB2.4 billion with a term of three years was issued and matured in May 2016. The coupon rate is 4.58% per annum.

b. Fixed rate financial bonds of RMB2.6 billion with a term of five years was issued. The coupon rate is 4.80% per annum.

(2) Tier-two capital bonds

Fixed rate tier-two capital bonds of RMB2.0 billion with a term of ten years were issued in December 2014. The coupon rate is 5.73% per annum.

Fixed rate tier-two capital bonds of RMB3.0 billion with a term of ten years were issued in December 2016. The coupon rate is 4.10% per annum.

32 OTHER LIABILITIES

NoteDecember 31,

2016December 31,

2015

Interest payable (1) 3,095,586 2,542,902Accrued staff costs (2) 367,387 353,046Dormant accounts 80,985 80,200Payment and collection clearance accounts 146,229 112,026Dividend payable 23,373 20,770Provisions 57,040 42,941Others 634,003 1,030,816

Total 4,404,603 4,182,701

196Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

30 DEPOSITS FROM CUSTOMERS

December 31, 2016

December 31, 2015

Demand deposits– Corporate deposits 77,197,449 62,770,877– Personal deposits 16,177,507 12,976,427

Sub-total 93,374,956 75,747,304

Time deposits– Corporate deposits 54,782,696 34,241,395– Personal deposits 44,647,136 34,105,833

Sub-total 99,429,832 68,347,228

Pledged deposits– Acceptances 19,581,940 21,332,895– Letters of guarantees 1,871,430 2,086,058– Letters of credit 983,350 681,180– Others 817,970 712,199

Sub-total 23,254,690 24,812,332

Others 330,162 288,607

Total 216,389,640 169,195,471

195 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

29 FINANCIAL ASSETS SOLD UNDER REPURCHASE AGREEMENTS

(1) Analysed by type and location of counterparty

December 31, 2016

December 31, 2015

In Mainland China– PBOC 27,000,000 370,000– Banks 5,887,510 16,004,600– Other financial institutions 363,860 3,228,000

Total 33,251,370 19,602,600

(2) Analysed by type of collateral

December 31, 2016

December 31, 2015

Debt securities 33,251,370 19,602,600

Total 33,251,370 19,602,600

194Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

26 DUE TO CENTRAL BANK

December 31, 2016

December 31, 2015

Due to central bank 77,000 –

Total 77,000 –

27 DEPOSITS FROM BANKS AND OTHER FINANCIAL INSTITUTIONS

December 31, 2016

December 31, 2015

In Mainland China– Banks 24,601,073 20,164,974– Other financial institutions 1,207,180 1,288,204

Total 25,808,253 21,453,178

28 PLACEMENTS FROM BANKS AND OTHER FINANCIAL INSTITUTIONS

December 31, 2016

December 31, 2015

In Mainland China– Banks 18,505,611 5,755,300– Non-bank financial institutions 600,000 –

Sub-total 19,105,611 5,755,300

Outside mainland China– Banks – 64,936

Total 19,105,611 5,820,236

193 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

25 OTHER ASSETS (continued)

(1) Interest receivables

December 31, 2016

December 31, 2015

Interest receivables arising from:– Investments 1,536,913 939,159– Loans and advances to customers 238,092 193,915– Others 184,887 96,003

Sub-total 1,959,892 1,229,077Less: allowance for impairment losses (19,397) (19,397)

Total 1,940,495 1,209,680

(2) Intangible assets

2016 2015

CostAs at January 1 165,494 123,005Additions 64,027 43,089Disposals – (600)

As at December 31 229,521 165,494

Accumulated amortisationAs at January 1 (57,658) (37,639)Additions (24,813) (20,328)Disposals – 309

As at December 31 (82,471) (57,658)

ImpairmentAs at January 1 (145) (145)Additions/Disposals – –

As at December 31 (145) (145)

Net book valueAs at January 1 107,691 85,221

As at December 31 146,905 107,691

192Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

24 DEFERRED TAX ASSETS (continued)

(2) Analysed by movement

At January 1,

2016

Recognised in profit

or loss

Recognised in other

comprehensive income

At December 31,

2016

Allowance for impairment losses 533,253 367,257 – 900,510Accrued staff costs 58,822 (3,885) (1,027) 53,910Fair value changes in financial instruments (14,137) 11,220 2,522 (395)Provisions 10,735 3,525 – 14,260Cumulative tax losses of the subsidiary 470 903 – 1,373

Net deferred income tax assets 589,143 379,020 1,495 969,658

At January 1,

2015

Recognised in profit

or loss

Recognised in other

comprehensive income

At December 31,

2015

Allowance for impairment losses 287,819 245,434 – 533,253Accrued staff costs 53,730 (4,164) 9,256 58,822Fair value changes in financial instruments (4,344) (7,136) (2,657) (14,137)Provisions 970 9,765 – 10,735Cumulative tax losses of the subsidiary – 470 – 470

Net deferred income tax assets 338,175 244,369 6,599 589,143

25 OTHER ASSETS

NoteDecember 31,

2016 DDecember 31,

2015

Interest receivables (1) 1,940,495 1,209,680Intangible assets (2) 146,905 107,691Prepayments 3,429,019 943,754Leasehold improvements 131,789 122,338Other receivables 198,530 107,505

Total 5,846,738 2,490,968

191 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

23 PROPERTY AND EQUIPMENT (continued)

The carrying amount of premises without title deeds as at December 31, 2016 was RMB308 million (December 31, 2015: RMB476 million). The Group is still in the progress of applying for the outstanding title deeds for the above premises. The Group expected that there would be no significant cost in obtaining the title deeds.

The net book values of premises at the end of the reporting period are analysed by the remaining terms of the land leases as follows:

December 31, 2016

December 31, 2015

Held in mainland China– Medium term leases (10–50 years) 1,235,010 1,171,535– Short term leases (less than 10 years) 5,890 6,807

Total 1,240,900 1,178,342

24 DEFERRED TAX ASSETS

(1) Analysed by nature

December 31, 2016 December 31, 2015

Deductible/(taxable)

temporary differences

Deferred income

tax assets/(liabilities)

Deductible/(taxable)

temporary differences

Deferred income

tax assets/(liabilities)

Allowance for impairment losses 3,602,040 900,510 2,133,012 533,253Accrued staff costs 215,640 53,910 235,287 58,822Fair value changes in financial instruments (1,580) (395) (56,546) (14,137)Provisions 57,040 14,260 42,941 10,735Cumulative tax losses of the subsidiaries 5,493 1,373 1,877 470

Net deferred income tax assets 3,878,633 969,658 2,356,571 589,143

190Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

23 PROPERTY AND EQUIPMENT

PremisesElectronic

equipment Vehicles

Office equipment and others

Construction in progress Total

CostAs at January 1,2015 978,471 296,840 15,275 134,412 106,861 1,531,859Additions 391,488 105,051 – 66,071 – 562,610Disposals (63,082) (3) – (16,291) – (79,376)

As at December 31, 2015 1,306,877 401,888 15,275 184,192 106,861 2,015,093

Additions 101,472 71,077 1,464 40,741 29,213 243,967Disposals (749) (7,231) (2,356) (24,653) – (34,989)

As at December 31, 2016 1,407,600 465,734 14,383 200,280 136,074 2,224,071

Accumulated depreciationAs at January 1, 2015 (155,174) (138,551) (10,838) (64,720) – (369,283)

Additions (28,308) (43,042) (1,571) (36,035) – (108,956)Disposals 56,302 2 – 15,407 – 71,711

As at December 31, 2015 (127,180) (181,591) (12,409) (85,348) – (406,528)

Additions (38,876) (65,555) (1,203) (42,090) – (147,724)Disposals 711 6,832 2,239 23,393 – 33,175

As at December 31, 2016 (165,345) (240,314) (11,373) (104,045) – (521,077)

ImpairmentAs at January 1, 2015 (1,355) (1,893) – (756) – (4,004)

Additions/Disposals – – – – – –

As at December 31, 2015 (1,355) (1,893) – (756) – (4,004)

Additions/Disposals – – – – – –

As at December 31, 2016 (1,355) (1,893) – (756) – (4,004)

Net book valueAs at December 31, 2015 1,178,342 218,404 2,866 98,088 106,861 1,604,561

As at December 31, 2016 1,240,900 223,527 3,010 95,479 136,074 1,698,990

189 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

22 INVESTMENT IN SUBSIDIARIES AND INTEREST IN ASSOCIATES (continued)

(2) Interest in associates

December 31, 2016

December 31, 2015

Interest in associates 255,195 195,625

Total 255,195 195,625

The following list contains the Group’s associates, all of which are individually immaterial to the Group and are unlisted corporate entities whose quoted market price are not available:

Percentages of equity/voting rights

Place of incorporation/ registration

Business sector

Name Note December 31, December 31, 2016 2015

% %

Zhongmu Zhengyin County Bank Co., Ltd. (a) 18.53 19.72 Henan, China Banking

Xinmi Zhengyin CountyBank Co., Ltd. 20.00 20.00 Henan, China BankingYanling Zhengyin County Bank Co., Ltd. 30.00 30.00 Henan, China BankingXinzheng Zhengyin Country Bank

Co., Ltd. 20.00 – Henan, China Banking

(a) The Group has representation on the board of directors of Zhongmu Zhengyin County Bank Co., Ltd., and has significant influence over it.

The following table illustrates the aggregate information of the Group’s associates that are not individually material:

December 31, 2016

December 31, 2015

Aggregate carrying amount of the individually immaterial associates in the consolidated statements of financial position of the Group 255,195 195,625

Aggregate amounts of the Group’s share of results of the associates

– Profit from continuing operations 57,443 50,777– Other comprehensive income – –– Total comprehensive income 57,443 50,777

188Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

21 FINANCIAL LEASE RECEIVABLES (continued)

Finance lease receivables, unearned finance lease income and minimum finance lease receivables analysed by remaining period are listed as follows:

31 December 2016 31 December 2015

Minimum finance lease

receivables

Unearned finance lease

income

Present value of

finance lease receivables

Minimum finance lease

receivables

Unearned finance lease

income

Present value of

finance lease receivables

Less than 1 year 1,432,250 (312,201) 1,120,049 – – –1 year to 2 years 1,669,236 (242,447) 1,426,789 – – –2 years to 3 years 1,247,086 (163,861) 1,083,225 – – –3 years to 5 years 2,220,050 (136,482) 2,083,568 – – –More than 5 years 77,031 (11,812) 65,219 – – –

6,645,653 (866,803) 5,778,850 – – –

22 INVESTMENT IN SUBSIDIARIES AND INTEREST IN ASSOCIATES

(1) Investment in subsidiaries

Particulars of the Group’s subsidiaries as at the end of the reporting period is as follows:

Percentage of equity interest Voting rights

Paid-in capital

Amount invested by

the Bank

Place of incorporation

registrationPrincipal activities

Name 2016 2015 2016 2016% % %

Fugou Zhengyin County Bank Co., Ltd. 50.20 50.20 50.20 60,000 30,120 China Banking

Henan Jiuding Financial Leasing Co., Ltd. 51.00 – 51.00 1,000,000 510,000 China Leasing

(a) Fugou Zhengyin County Bank Co., Ltd. was incorporated on December 3, 2015. Henan Jiuding Financial Leasing Co., Ltd. was incorporated on March 23, 2016.

(b) Henan Jiuding Financial Leasing Co., Ltd., with a registered capital of RMB1.00 billion, was co-established by the Bank, Zhengzhou Yutong Bus Co., Ltd. and Henan TianLun Gas Group Co., Ltd. on March 23, 2016.

187 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

20 FINANCIAL INVESTMENTS (continued)

(3) Loans and receivables

December 31, 2016

December 31, 2015

Investment management products under trust scheme 52,794,468 29,146,231Investment management products managed by securities companies 45,079,359 31,328,899Factoring and financial lease beneficial interest plan 13,150,125 2,065,543Others 7,720,977 2,800,000

Sub-total 118,744,929 65,340,673

Less: Provision for impairment losses– Individually assessed (25,428) (25,428)– Collectively assessed (494,585) (209,585)

Total provision for impairment losses (520,013) (235,013)

Total 118,224,916 65,105,660

21 FINANCIAL LEASE RECEIVABLES

December 31, 2016

December 31, 2015

Minimum finance lease receivables 6,645,653 –Less: Unearned finance lease income (866,803) –

Present value of finance lease receivables 5,778,850 –

Less: Provision for impairment losses– Collectively assessed (57,789) –

Total 5,721,061 –

186Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

20 FINANCIAL INVESTMENTS (continued)

(2) Held-to-maturity investments

NoteDecember 31,

2016December 31,

2015

Debt securities– Government 14,263,579 8,100,048– Policy banks 27,448,753 9,662,990– Banks and other financial institutions 3,107,483 1,042,158– Corporate 4,851,233 5,096,718

Total 49,671,048 23,901,914

Debt securities analysed into:– Listed outside Hong Kong 16,051,048 11,324,541– Unlisted 33,620,000 12,577,373

Total (i) 49,671,048 23,901,914

(i) As at the end of year 2016 and year 2015, certain held-to-maturity investments was pledged for repurchase agreements (Note 41(6)). No other investments were subject to material restrictions on the realization.

(ii) For the year ended December 31, 2016 and 2015, the Group has not disposed of any debt securities which are classified as held-to-maturity.

185 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

20 FINANCIAL INVESTMENTS

NoteDecember 31,

2016December 31,

2015

Available-for-sale financial assets (1) 6,301,789 11,206,015Held-to-maturity investments (2) 49,671,048 23,901,914Loans and receivables (3) 118,224,916 65,105,660

Total 174,197,753 100,213,589

(1) Available-for-sale financial assets

NoteDecember 31,

2016December 31,

2015

Debt securities at fair value– Government – 2,834,921– Policy banks 1,202,185 3,886,937– Corporate 119,091 115,816

Sub-total 1,321,276 6,837,674

Debt securities analysed into:– Listed outside Hong Kong – 2,834,921– Unlisted 1,321,276 4,002,753

Sub-total 1,321,276 6,837,674

Other debt investment– Unlisted 4,972,113 4,359,941

Equity investment at cost (i)– Unlisted 8,400 8,400

Total 6,301,789 11,206,015

(i) Available-for-sale unlisted equity investments which do not have any quoted price in an active market for an identical instrument and whose fair values cannot otherwise be reliably measured are recognised in the statement of financial position at cost less impairment.

184Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

19 LOANS AND ADVANCES TO CUSTOMERS (continued)

(6) Movements of provision for impairment losses

2016

Provision for impaired loans and advances

Provision for loans and advances which are

collectively assessed

which are collectively

assessed

which are individually

assessed Total

As at January 1 2,282,729 20,408 386,153 2,689,290Charge for the year 699,255 253,857 1,113,765 2,066,877Release for the year – – (94,515) (94,515)Recoveries – 2,490 3,000 5,490Disposals – – (265,471) (265,471)Write-offs (160,316) (176,054) (557,094) (893,464)Unwinding of discount – – (49,375) (49,375)

As at December 31 2,821,668 100,701 536,463 3,458,832

2015

Provision for impaired loans and advances

Provision for loans and

advances which are collectively

assessed

which are collectively

assessed

which are individually

assessed Total

As at January 1 1,534,704 5,287 219,933 1,759,924Charge for the year 788,537 26,996 404,848 1,220,381Release for the year – – (95,796) (95,796)Recoveries – – 4 4Write-offs (40,512) (11,875) (101,060) (153,447)Unwinding of discount – – (41,776) (41,776)

As at December 31 2,282,729 20,408 386,153 2,689,290

183 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

19 LOANS AND ADVANCES TO CUSTOMERS (continued)

(5) Loans and advances and provision for impairment losses

December 31, 2016

Impaired loans and advances

Loans and advances for which loans

and provision are collectively

assessed

for which provision are

collectively assessed

for which provision are

individually assessed Total

Gross impaired advances as a percentage of

gross loans and advances

Gross loans and advances to customers 109,635,175 240,777 1,216,287 111,092,239 1.31%

Less: Provision for impairment losses (2,821,668) (100,701) (536,463) (3,458,832)

Net loans and advances to customers 106,813,507 140,076 679,824 107,633,407

December 31, 2015

Impaired loans and advances

Loans and advances for which loans

and provision are collectively

assessed

for which provision are

collectively assessed

for which provision are

individually assessed Total

Gross impaired advances as a percentage of

gross loans and advances

Gross loans and advances to customers 93,253,593 50,110 990,023 94,293,726 1.10%

Less: Provision for impairment losses (2,282,729) (20,408) (386,153) (2,689,290)

Net loans and advances to customers 90,970,864 29,702 603,870 91,604,436

182Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

19 LOANS AND ADVANCES TO CUSTOMERS (continued)

(4) Overdue loans analysed by overdue period

December 31, 2016

Overdue within three months

(inclusive)

Overdue more than three

months to one year (inclusive)

Overdue more than one year to three years

(inclusive)Overdue more

than three years Total

Unsecured loans 4,884 2,254 590 – 7,728Guaranteed loans 2,353,023 1,069,032 246,806 – 3,668,861Loans secured by tangible assets

other than monetary assets 642,044 373,859 97,625 530 1,114,058Loans secured by intangible assets

or monetary assets 217,572 90,990 3,500 – 312,062

Total 3,217,523 1,536,135 348,521 530 5,102,709

As a percentage of gross loans and advances to customers 2.90% 1.38% 0.31% 0.00% 4.59%

December 31, 2015

Overdue within three months

(inclusive)

Overdue more than three

months to one year (inclusive)

Overdue more than one year to three years

(inclusive)Overdue more

than three years Total

Unsecured loans 674 5,524 36 – 6,234Guaranteed loans 1,112,777 649,401 245,607 – 2,007,785Loans secured by tangible assets

other than monetary assets 369,060 164,701 55,015 530 589,306Loans secured by intangible assets

or monetary assets 265,452 21,038 3,500 – 289,990

Total 1,747,963 840,664 304,158 530 2,893,315

As a percentage of gross loans and advances to customers 1.86% 0.89% 0.32% 0.00% 3.07%

181 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

19 LOANS AND ADVANCES TO CUSTOMERS (continued)

(2) Analysed by economic sector (continued)

As at the end of the reporting period, detailed information of the impaired loans and advances to customers as well as the corresponding provision for impairment losses in respect of each economic sector which constitutes 10% or more of gross loans and advances to customers is as follows:

December 31, 2016

Impaired loans and advances

Individually assessed

provision for impairment

losses

Collectively assessed

provision for impairment

losses

Impairment charged

during the year

Written-off during the

year

Wholesale and retail 373,063 152,737 1,022,650 843,830 439,737Manufacturing 688,535 322,270 500,415 317,696 101,000

December 31, 2015

Impaired loans and advances

Individually assessed

provision for impairment

losses

Collectively assessed

provision for impairment

losses

Impairment charged

during the year

Written-off during the

year

Wholesale and retail 365,212 132,053 758,045 362,543 50,560Manufacturing 493,202 206,208 577,843 382,267 75,362

(3) Analysed by type of collateral

December 31, 2016

December 31, 2015

Unsecured loans 7,659,802 1,316,185Guaranteed loans 42,790,036 39,178,487Loans secured by tangible assets other than monetary assets 33,254,544 30,193,828Loans secured by intangible assets or monetary assets 27,387,857 23,605,226

Gross loans and advances to customers 111,092,239 94,293,726

Less: Provision for impairment losses– Individually assessed (536,463) (386,153)– Collectively assessed (2,922,369) (2,303,137)

Total provision for impairment losses (3,458,832) (2,689,290)

Net loans and advances to customers 107,633,407 91,604,436

180Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

19 LOANS AND ADVANCES TO CUSTOMERS (continued)

(2) Analysed by economic sector (continued)

December 31, 2015

Amount Percentage

Loans and advances

secured by collaterals

Wholesale and retail 23,617,884 25.05% 11,437,210Manufacturing 14,101,155 14.95% 5,355,919Real estate 7,349,608 7.79% 6,117,108Construction 7,279,108 7.72% 4,442,330Agriculture, forestry, animal husbandry

and fishery 3,865,628 4.10% 2,093,740Mining 1,848,987 1.96% 982,220Leasing and commercial services 1,411,799 1.50% 701,640Water, environment and public facility

management 1,331,330 1.41% 734,030Public administration, public security and social

organisations 1,260,000 1.34% –Accommodation and catering 1,231,101 1.31% 893,751Transportation, storage and postal services 1,132,722 1.20% 261,296Production and supply of electric and heating

power, gas and water 940,570 1.00% 352,960Culture, sports and entertainment 434,780 0.46% 12,780Others 1,204,361 1.28% 629,263

Sub-total of corporate loans and advances 67,009,033 71.07% 34,014,247

Personal loans and advances 22,841,449 24.22% 15,518,581Discounted bills 4,443,244 4.71% 4,266,226

Gross loans and advances to customers 94,293,726 100.00% 53,799,054

179 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

19 LOANS AND ADVANCES TO CUSTOMERS (continued)

(2) Analysed by economic sector

December 31, 2016

Amount Percentage

Loans and advances

secured by collaterals

Wholesale and retail 29,897,940 26.91% 15,395,515Manufacturing 13,054,621 11.75% 4,240,768Construction 10,687,023 9.62% 6,463,753Real estate 8,737,171 7.87% 7,389,971Leasing and commercial services 4,092,399 3.68% 1,277,101Agriculture, forestry, animal husbandry

and fishery 3,619,829 3.26% 2,166,841Water, environment and public facility

management 2,087,799 1.88% 1,820,585Mining 1,508,926 1.36% 456,130Production and supply of electric and

heating power, gas and water 1,390,580 1.25% 261,680Transportation, storage and postal services 1,360,934 1.23% 402,372Accommodation and catering 1,081,650 0.97% 784,357Public administration, public security

and social organisations 914,058 0.82% –Culture, sports and entertainment 210,300 0.19% 40,750Others 2,611,346 2.35% 675,321

Sub-total of corporate loans and advances 81,254,576 73.14% 41,375,144

Personal loans and advances 24,815,316 22.34% 16,865,959Discounted bills 5,022,347 4.52% 2,401,298

Gross loans and advances to customers 111,092,239 100.00% 60,642,401

178Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

19 LOANS AND ADVANCES TO CUSTOMERS

(1) Analysed by nature

December 31, 2016

December 31, 2015

Corporate loans and advances 81,254,576 67,009,033

Personal loans and advances– Personal business loans 11,750,766 12,025,020– Residential mortgage 6,861,790 5,827,735– Personal consumption loans 4,841,835 3,709,418– Auto loans 490,848 772,051– Credit card 870,069 507,212– Others 8 13

Sub-total 24,815,316 22,841,449

Discounted bills 5,022,347 4,443,244

Gross loans and advances to customers 111,092,239 94,293,726

Less: Provision for impairment losses– Individually assessed (536,463) (386,153)– Collectively assessed (2,922,369) (2,303,137)

Total provision for impairment losses (3,458,832) (2,689,290)

Net loans and advances to customers 107,633,407 91,604,436

177 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

18 FINANCIAL ASSETS HELD UNDER RESALE AGREEMENTS

(1) Analysed by type and location of counterparty

December 31, 2016

December 31, 2015

In Mainland China– Banks 3,678,558 3,284,329– Other financial institutions 1,441,010 6,431,976

Total 5,119,568 9,716,305

(2) Analysed by type of collateral

December 31, 2016

December 31, 2015

Debt securities 3,812,610 9,716,305Bills 1,306,958 –

Total 5,119,568 9,716,305

176Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

16 PLACEMENTS WITH BANKS AND OTHER FINANCIAL INSTITUTIONS

December 31, 2016

December 31, 2015

Placements in mainland China– Banks 11,758,215 5,519,560

Total 11,758,215 5,519,560

17 FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS

NoteDecember 31,

2016December 31,

2015

Debt securities held for trading purpose (1) 8,551,297 13,001,517Investment funds held for trading purpose 394,800 –

Total 8,946,097 13,001,517

(1) Debt securities held for trading purposeMainland China– Government 519,614 1,046,670– Policy banks 4,218,398 7,678,199– Banks and other financial institutions 3,809,461 2,005,729– Corporate 3,824 2,270,919

Sub-total 8,551,297 13,001,517

Debt securities analysed into– Listed outside Hong Kong 519,614 1,326,995– Unlisted 8,031,683 11,674,522

Sub-total (i) 8,551,297 13,001,517

(i) As at the end of the reporting period, certain financial assets at fair value through profit or loss was pledged for repurchase agreements (Note 41(6)). No other investments were subject to material restrictions on the realization.

175 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

14 CASH AND DEPOSITS WITH CENTRAL BANK (continued)

(1) The Bank places statutory deposit reserves with the PBOC in accordance with relevant regulations. As at the end of the year, the statutory deposit reserve ratios applicable to the Bank were as follows:

December 31, 2016

December 31, 2015

Reserve ratio for RMB deposits 13.5% 15.0%Reserve ratio for foreign currency deposits 5.0% 5.0%

The statutory deposit reserves are not available for the Group’s daily business.

The subsidiaries of the Bank are required to place statutory RMB deposits reserve at rates determined by the PBOC.

(2) The surplus deposit reserves are maintained with the PBOC for the purpose of clearing.

15 DEPOSITS WITH BANKS AND OTHER FINANCIAL INSTITUTIONS

Analysed by type and location of counterparty

December 31, 2016

December 31, 2015

Deposits in mainland China– Banks 347,715 3,706,367– Other financial institutions 873,854 2,000

Sub-total 1,221,569 3,708,367

Deposits outside mainland China– Banks 193,359 3,970,711

Total 1,414,928 7,679,078

174Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

13 BASIC AND DILUTED EARNINGS PER SHARE

Note 2016 2015

Net profit attributable to equity shareholders of the Bank 3,998,768 3,356,371Weighted average number of ordinary shares (in thousand shares) (1) 5,306,932 3,971,521Basic and diluted earnings per share attributable to equity

shareholders of the Bank (in RMB) 0.75 0.85

There is no difference between basic and diluted earnings per share as there were no potentially dilutive shares outstanding during the year.

(1) Weighted average number of ordinary shares (in thousand shares)

2016 2015

Number of ordinary shares as at January 1 5,141,932 3,941,932Increase in weighted average number of ordinary shares 165,000 29,589

Weighted average number of ordinary shares 5,306,932 3,971,521

14 CASH AND DEPOSITS WITH CENTRAL BANK

NoteDecember 31,

2016December 31,

2015

Cash on hand 956,980 854,463

Deposits with central bank– Statutory deposit reserves (1) 27,768,576 23,963,735– Surplus deposit reserves (2) 13,824,798 8,059,847– Fiscal deposits 36,008 130,262

Sub-total 41,629,382 32,153,844

Total 42,586,362 33,008,307

173 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

11 IMPAIRMENT LOSSES ON ASSETS

2016 2015

Loans and advances to customers 1,972,362 1,124,585Financial investments classified as loans and receivables 285,000 130,000Financial lease receivables 57,789 –Others 31,221 42,941

Total 2,346,372 1,297,526

12 INCOME TAX EXPENSE

(1) Income tax for the year:

Note 2016 2015

Current tax 1,587,104 1,252,757Deferred tax 24 (379,020) (244,369)Adjustment for prior years 4,363 (2,316)

Total 1,212,447 1,006,072

(2) Reconciliations between income tax and accounting profit are as follows:

Note 2016 2015

Profit before tax 5,257,033 4,361,742

Statutory tax rate 25% 25%

Income tax calculated at statutory tax rate 1,314,258 1,090,435Non-deductible expenses 22,487 8,998Non-taxable income (i) (128,661) (91,045)

Sub-total 1,208,084 1,008,388

Adjustment for prior years 4,363 (2,316)

Income tax 1,212,447 1,006,072

(i) Non-taxable income consists of interest income from the PRC government bonds, dividends from domestic companies and share of profits of associates, which are exempted from income tax under the PRC tax regulations.

172Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

9 DIRECTORS’ AND SUPERVISORS’ EMOLUMENTS (continued)

(1) At the Bank’s 2014 General Meeting held on June 18, 2015, Mr. Qiao Jun’an resigned as executive director of the Bank; Mr. Fan Yutao and Mr. Ma Jinwei were elected as non-executive directors of the Bank, and Mr. Liu Rui and Mr. Zhu Zhihui resigned as non-executive directors of the Bank; Mr. Li Huaizhen, Mr. Xie Taifeng, Mr. Wu Ge and Ms. Chan Mei Bo, Mabel were elected as independent non-executive directors of the Bank, and Mr. Wang Zhenmin and Mr. Wei Xin resigned as independent non-executive directors of the Bank; Mr. Zhang Shengping, Mr. Zhu Zhihui and Ms. Cui Huarui were elected as supervisors of the Bank;

(2) At the Bank’s 2015 General Meeting held on June 17, 2016, Mr. Zhang Rongshun resigned as executive director of the Bank, and Mr. Feng Tao were elected as executive directors of the Bank; Mr. Ma Lei and Mr. Xu Jianxin resigned as non-executive directors of the Bank, and Mr Yu Zhanglin was elected as non-executive director of the Bank; Ms. Zhao Lijuan and Mr Xu Changsheng were elected as supervisors of the Bank, and Mr. Fan Dalu and Mr. Zhang Shengping resigned as supervisors of the Bank.

10 INDIVIDUALS WITH HIGHEST EMOLUMENTS

The five individuals with highest emoluments include 2 directors and 1 supervisor (2015: 3 directors and 1 supervisor) of the Group, whose emoluments are disclosed in Note 9. The emoluments for the other highest paid individual is as follows:

2016 2015

Salaries and other emoluments 1,604 804Discretionary bonuses 3,210 1,321Contribution by the employer to social insurance and welfare plans,

housing allowance, etc. 413 184

Total 5,227 2,309

The individual’s emoluments before individual income tax is within the following bands:

2016 2015

RMB2,000,001–2,500,000 – 1RMB2,500,001–3,000,000 2 –

Total 2 1

171 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

9 DIRECTORS’ AND SUPERVISORS’ EMOLUMENTS (continued)

Year ended December 31, 2015

Name Note Fees SalariesDiscretionary

bonus

Contribution by the employer to social insurance

and welfare plans, housing allowance, etc.

Total emoluments

before tax

Of which payment deferred

Actual amount of

remuneration paid (pre-tax)

Executive directorsWang Tianyu – 893 1,468 219 2,580 877 1,703Shen Xueqing – 849 1,394 189 2,432 833 1,599Zhang Rongshun – 804 1,321 205 2,330 790 1,540

Non-executive directorsFan Yutao (1) – – – – – – –Ma Jinwei (1) 18 – – – 18 – 18Xu Jianxin 33 – – – 33 – 33Zhang Jingguo 33 – – – 33 – 33Liang Songwei – – – – – – –Ji Hongjun – – – – – – –Ma Lei 9 – – – 9 – 9

Independent non-executive directorsWang Shihao 165 – – – 165 – 165Li Huaizhen (1) 90 – – – 90 – 90Xie Taifeng (1) 90 – – – 90 – 90Wu Ge (1) 90 – – – 90 – 90Chan Mei Bo, Mabel (1) 90 – – – 90 – 90

SupervisorsFan Dalu – 804 1,321 202 2,327 790 1,537Tang Yunwei 135 – – – 135 – 135Liu Yuhui 135 – – – 135 – 135Meng Jun 33 – – – 33 – 33Duan Ping – 168 321 94 583 – 583Zhang Chunge – 112 354 93 559 – 559Zhang Shengping (1) 75 – – – 75 – 75Zhu Zhihui (1) 18 – – – 18 – 18Cui Huarui (1) – 518 915 130 1,563 – 1,563

Former Executive directorQiao Jun’an (1) – – – – – – –

Former Non-executive directorsLiu Rui (1) – – – – – – –Zhu Zhihui (1) 15 – – – 15 – 15

Former Independent non-executive directors

Wang Zhenmin (1) 75 – – – 75 – 75Wei Xin (1) 75 – – – 75 – 75

Total 1,179 4,148 7,094 1,132 13,553 3,290 10,263

170Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

9 DIRECTORS’ AND SUPERVISORS’ EMOLUMENTS

Directors’ and supervisors’ emoluments disclosed pursuant to section 383(1) of the Hong Kong Companies Ordinance and Part 2 of the Companies (Disclosure of Information about Benefits of Directors) Regulation are as follows:

Year ended December 31, 2016

Name Note Fees SalariesDiscretionary

bonus

Contribution by the

employer to social

insurance and welfare

plans, housing allowance, etc.

Total emoluments

before tax

Of which payment deferred

Actual amount of

remuneration paid (pre-tax)

Executive directorsWang Tianyu – 917 1,834 235 2,986 917 2,069Shen Xueqing – 871 1,742 211 2,824 871 1,953Feng Tao (2) – 481 963 37 1,481 481 1,000

Non-executive directorsFan Yutao – – – – – – –Ma Jinwei 36 – – – 36 – 36Zhang Jingguo 36 – – – 36 – 36Liang Songwei – – – – – – –Ji Hongjun 36 – – – 36 – 36Yu Zhanglin (2) – – – – – – –

Independent non-executive directorsWang Shihao 180 – – – 180 – 180Li Huaizhen 180 – – – 180 – 180Xie Taifeng 180 – – – 180 – 180Wu Ge 180 – – – 180 – 180Chan Mei Bo, Mabel 180 – – – 180 – 180

SupervisorsZhao Lijuan (2) – 806 1,605 208 2,619 802 1,817Tang Yunwei 150 – – – 150 – 150Liu Yuhui 150 – – – 150 – 150Meng Jun 36 – – – 36 – 36Duan Ping – 174 397 104 675 – 675Zhang Chunge – 102 539 102 743 – 743Xu Changsheng (2) 80 – – – 80 – 80Zhu Zhihui 36 – – – 36 – 36Cui Huarui – 163 942 180 1,285 – 1,285

Former Executive directorZhang Rongshun (2) – 825 1,651 218 2,694 825 1,869

Former Non-executive directorMa Lei (2) – – – – – – –Xu Jianxin (2) 11 – – – 11 – 11

Former Independent non-executive directors

Fan Dalu (2) 196 – – 53 249 – 249Zhang Shengping (2) 70 – – – 70 – 70

Total 1,737 4,339 9,673 1,348 17,097 3,896 13,201

169 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

6 NET GAINS ARISING FROM INVESTMENTS

2016 2015

Net gains from financial investments 207,995 26,622

Total 207,995 26,622

7 OTHER OPERATING INCOME

2016 2015

Rental income 12,067 11,534Government grants 108,210 28,336Net gains on disposal of property and equipment 24,456 39,859Others 34,057 7,731

Total 178,790 87,460

8 OPERATING EXPENSES

Note 2016 2015

Staff costs– Salaries, bonuses and allowance 800,532 613,984– Social insurance and annuity 161,123 129,563– Supplementary retirement benefits 7,315 7,108– Staff welfare 144,687 115,028– Housing allowance 47,085 37,789– Others 33,119 46,004

Sub-total 1,193,861 949,476

Depreciation and amortisation 212,689 157,282Rental and property management expenses 176,053 145,450Office expenses 77,423 77,622Tax and surcharges 212,439 423,776Other general and administrative expenses (1) 562,059 499,154

Total 2,434,524 2,252,760

(1) Auditor’s remunerations were RMB3.50 million for the year ended December 31, 2016 (2015: RMB2.20 million).

168Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

3 NET INTEREST INCOME (continued)

(1) Interest expense on financial liabilities with maturity over five years mainly included the interest expense on deposits from customers and debt securities issued.

(2) Total interest income arising from financial assets that are not at fair value through profit or loss for the year ended December 31, 2016 amounted to RMB14,633 million (2015: RMB11,923 million).

Total interest expense arising from financial liabilities that are not at fair value through profit or loss for the year ended December 31, 2016 amounted to RMB6,757 million (2015: RMB5,758 million).

4 NET FEE AND COMMISSION INCOME

2016 2015

Fee and commission incomeAgency and custody services fees 539,701 332,242Underwriting and advisory fees 374,214 194,525Acceptance and guarantee services fees 116,631 136,361Bank card services fees 49,457 32,815Others 179,797 49,695

Sub-total 1,259,800 745,638

Fee and commission expense (45,359) (32,242)

Net fee and commission income 1,214,441 713,396

5 NET TRADING GAINS

Note 2016 2015

Net (losses)/gains from debt securities (i) (95,104) 106,390Net foreign exchange gains (ii) 174,371 20,871

Total 79,267 127,261

(i) Net (losses)/gains from debt securities include gains/(losses) arising from the buying and selling of, and changes in the fair value of financial assets held for trading.

(ii) Net foreign exchange gains mainly included gains from purchase and sale of foreign currency spot, and translation of foreign currency monetary assets and liabilities into Renminbi.

167 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

2 SIGNIFICANT ACCOUNTING POLICIES (continued)

(24) Significant accounting estimates and judgements (continued)

(vii) Determination of control over investees

Management applies its judgement to determine whether the Group is acting as agent or principal in relation to the structured entities in which the Group acts as an asset manager. In accessing whether the Group is acting as agent, the Group considers factors such as scope of the asset manager’s decision-making authority, rights held by other parties, remuneration to which it is entitled and exposure to variability of returns.

3 NET INTEREST INCOME

2016 2015

Interest income arising fromDeposits with central bank 417,000 397,413Deposits and placements with banks and other financial institutions 299,960 167,224Loans and advances to customers– Corporate loans and advances 4,560,841 4,281,111– Personal loans and advances 1,398,325 1,638,629– Discounted bills 216,540 243,148Financial assets held under resale agreements 222,204 173,454Financial investments 7,822,163 5,763,523Financial lease receivables 120,377 –

Sub-total 15,057,410 12,664,502

Interest expense arising fromAmounts due to central bank (554) –Deposits and placements from banks and other financial institutions (1,360,860) (1,500,215)Deposits from customers (3,589,758) (3,196,241)Financial assets sold under repurchase agreements (531,658) (313,872)Debt securities issued (1,274,587) (747,662)

Sub-total (6,757,417) (5,757,990)

Net interest income 8,299,993 6,906,512

Of which:Interest income arising from impaired financial assets identified 49,375 41,776

166Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

2 SIGNIFICANT ACCOUNTING POLICIES (continued)

(24) Significant accounting estimates and judgements (continued)

(iii) Classification of held-to-maturity investments

Non-derivative financial assets with fixed or determinable payments and fixed maturity are classified as held-to-maturity investments, if the Group has the intention and ability to hold them until maturity. In evaluating whether requirements to classify a financial asset as held-to-maturity are met, management makes significant judgements. Failure in correctly assessing the Group’s intention and ability to hold specific investments until maturity may result in reclassification of the whole portfolio as available-for-sale.

(iv) Income taxes

Determining income tax provisions involves judgement on the future tax treatment of certain transactions. The Group carefully evaluates the tax implications of transactions and tax provisions are set up accordingly. The tax treatment of such transactions is reconsidered periodically to take into account all changes in tax legislation. Deferred tax assets are recognised for temporary deductible differences. As those deferred tax assets can only be recognised to the extent that it is probable that future taxable profits will be available against which the unused tax credits can be utilised, management’s judgement is required to assess the probability of future taxable profits. Management’s assessment is constantly reviewed and additional deferred tax assets are recognised if it becomes probable that future taxable profits will allow the deferred tax assets to be recovered.

(v) Impairment of non-financial assets

Non-financial assets are reviewed regularly to determine whether the carrying amount exceeds the recoverable amount of the assets. If any such indication exists, an impairment loss is provided.

Since the market price of an asset (the asset group) cannot be obtained reliably, the fair value of the asset cannot be estimated reliably. In assessing the present value of future cash flows, significant judgements are exercised over the asset’s selling price, related operating expenses and discount rate to calculate the present value. All relevant materials which can be obtained are used for estimation of the recoverable amount, including the estimation of the selling price and related operating expenses based on reasonable and supportable assumption.

(vi) Depreciation and amortisation

Property and equipment and intangible assets are depreciated and amortised using the straight-line method over their estimated useful lives after taking into account residual values. The estimated useful lives are regularly reviewed to determine the depreciation and amortisation costs charged in this year. The estimated useful lives are determined based on historical experiences of similar assets and estimated technical changes. If there is an indication that there has been a change in the factors used to determine the depreciation or amortisation, the amount of depreciation or amortisation will be revised.

165 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

2 SIGNIFICANT ACCOUNTING POLICIES (continued)

(24) Significant accounting estimates and judgements

(i) Provision for impairment losses on loans and advances to customers and financial investments (available-for-sale financial assets, held-to-maturity investments and financial investments classified as loans and receivables)

The Group reviews portfolios of loans and advances to customers and financial investments periodically to assess whether any impairment losses exist and the amount of impairment losses if there is any indication of impairment. Objective evidence for impairment includes observable data indicating that there is a measurable decrease in the estimated future cash flows for loans and advances to customers and financial investments. It also includes observable data indicating adverse changes in the repayment status of the debtors, or change in national or local economic conditions that causes the default in payment.

The impairment loss for loans and advances to customers, and debt investments that is individually assessed for impairment is the net decrease in the estimated discounted future cash flow of the assets. When the financial assets are collectively assessed for impairment, the estimate is based on historical loss experience for assets with credit risk characteristics similar to the financial assets. Historical loss experience is adjusted on the basis of the relevant observable data that reflect current economic conditions and the judgement based on management’s historical experience. Management reviews the methodology and assumptions used in estimating future cash flows regularly to reduce any difference between loss estimates and actual loss.

The objective evidence of impairment for an available-for-sale equity investment includes significant or prolonged decline in its fair value below its cost. When deciding whether there is significant or prolonged decline in fair value, the Group will consider the historical fluctuation records of market and debtors’ credit condition, financial position and performance of related industry.

(ii) Fair value of financial instruments

There are no quoted prices from an active market for a number of financial instruments. The fair values for these financial instruments are established by using valuation techniques. These techniques include using recent arm’s length market transactions by referring to the current fair value of similar instruments, discounted cash flow analysis, and option pricing models. Valuation models established by the Group make maximum use of market input and rely as little as possible on the Group’s specific data. However, it should be noted that some input, such as credit and counterparty risk, and risk correlations require management’s estimates. The Group reviews the above estimations and assumptions periodically and makes adjustment if necessary.

164Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

2 SIGNIFICANT ACCOUNTING POLICIES (continued)

(22) Related parties

(a) A person, or a close member of that person’s family, is related to the Group if that person:

(i) has control or joint control over the Group;

(ii) has significant influence over the Group; or

(iii) is a member of the key management personnel of the Group’s parent.

(b) An entity is related to the Group if any of the following conditions applies:

(i) The entity and the Group are members of the same group (which means that each parent, subsidiary and fellow subsidiary is related to the others);

(ii) One entity is an associate or joint venture of the other entity (or an associate or joint venture of a member of a group of which the other entity is a member);

(iii) Both entities are joint ventures of the same third party;

(iv) One entity is a joint venture of a third entity and the other entity is an associate of the third entity;

(v) The entity is a post-employment benefit plan for the benefit of employees of either the Group or an entity related to the Group;

(vi) The entity is controlled or jointly controlled by a person identified in (a);

(vii) A person identified in (a)(i) has significant influence over the entity or is a member of the key management personnel of the entity (or of a parent of the entity).

Close members of the family of a person are those family members who may be expected to influence, or be influenced by, that person in their dealings with the entity.

(23) Segment reporting

Reportable segments are identified based on operating segments which are determined based on the structure of the Group’s internal organisation, management requirements and internal reporting system, whose operating results are regularly reviewed by the Group’s management to make decisions about resources to be allocated to the segment and assess its performance. Individually material operating segments are not aggregated for financial reporting purposes unless the segments have similar economic characteristics and are similar in respect of the nature of services, the type or class of customers, the methods used to provide the services, and the nature of the regulatory environment. Operating segments which are not individually material may be aggregated as “other segment” if they share a majority of these criteria.

163 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

2 SIGNIFICANT ACCOUNTING POLICIES (continued)

(19) Income recognition (continued)

(i) Interest income (continued)

Interest on the impaired assets is recognised using the rate of interest used to discount future cash flows (“unwinding of discount”) for the purpose of measuring the related impairment loss.

(ii) Fee and commission income

Fee and commission income is recognised in profit or loss when the corresponding service is provided.

Origination or commitment fees received by the Group which result in the creation or acquisition of a financial asset are deferred and recognised as an adjustment to the effective interest rate. If the commitment expires without making a loan, the fee is recognised as fee and commission income upon its expiry.

(iii) Government grants

Government grants are recognised in the statement of financial position initially when there is reasonable assurance that they will be received and that the Group will comply with the conditions attaching to them. Grants that compensate the Group for expenses incurred are recognised as income in profit or loss on a systematic basis in the same periods in which the expenses are incurred. Grants that compensate the Group for the cost of an asset are deducted from the carrying amount of the asset and consequently are effectively recognized in profit or loss over the useful life of the asset by way of reduced depreciation expense.

(iv) Other income

Other income is recognised on an accrual basis.

(20) Expenses recognition

(i) Interest expenses

Interest expenses from financial liabilities are accrued on a time proportion basis with reference to the amortised cost and the applicable effective interest rate.

(ii) Other expenses

Other expenses are recognised on an accrual basis.

(21) Dividends

Dividends or distributions of profits proposed in the profit appropriation plan which will be authorised and declared after the end of year are not recognised as a liability at the end of year but disclosed separately in the notes to the financial statements.

162Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

2 SIGNIFICANT ACCOUNTING POLICIES (continued)

(17) Financial guarantees issued, provisions and contingent liabilities (continued)

Where it is not probable that an outflow of economic benefits will be required, or the amount cannot be estimated reliably, the obligation is disclosed as a contingent liability, unless the probability of outflow of economic benefits is remote. Possible obligations, whose existence will only be confirmed by the occurrence or non-occurrence of one or more future events are also disclosed as contingent liabilities unless the probability of outflow of economic benefits is remote.

(18) Fiduciary activities

The Group acts in fiduciary activities as a manager, a custodian, or an agent for customers. Assets held by the Group and the related undertakings to return such assets to customers are recorded as off-balance sheet items as the risks and rewards of the assets reside with customers.

The Group enters into entrusted loan agreements with customers, whereby the customers provide funding (the “entrusted funds”) to the Group, and the Group grants loans to third parties (the “entrusted loans”) under instructions of the customers. As the Group does not assume the risks and rewards of the entrusted loans and the corresponding entrusted funds, the entrusted loans and funds are recorded as off-balance sheet items at their principal amount. No provision for impairment loss is made for entrusted loans.

(19) Income recognition

Income is the gross inflow of economic benefit in the periods arising in the course of the Group’s ordinary activities when the inflows result in an increase in shareholder’s equity, other than an increase relating to contributions from shareholders. Income is recognised in profit or loss when it is probable that the economic benefits will flow to the Group, the income and costs can be measured reliably and the following respective conditions are met:

(i) Interest income

Interest income for financial assets is recognised in profit or loss as it is incurred, based on the time for alienation of right to use capital and effective interest rates. Interest income includes the amortisation of any discount or premium or differences between the initial carrying amount of an interest-bearing asset and its amount at maturity calculated using the effective interest rate.

The effective interest method is a method of calculating the amortised cost of a financial asset and of allocating the interest income over the year. The effective interest rate is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument or, when appropriate, a shorter period to the net carrying amount of the financial asset. When calculating the effective interest rate, the Group estimates cash flows considering all contractual terms of the financial instrument (for example, prepayment, call and similar options) but does not consider future credit losses. The calculation includes all fees and points paid or received between parties to the contract, transaction costs and all other premiums or discounts that are an integral part of the effective interest rate.

161 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

2 SIGNIFICANT ACCOUNTING POLICIES (continued)

(16) Income tax (continued)

The carrying amount of a deferred tax asset is reviewed at the end of year. The carrying amount of a deferred tax asset is reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow the benefit of the deferred tax asset to be utilised. Any such reduction is reversed to the extent that it becomes probable that sufficient taxable profits will be available.

At the end of year, deferred tax assets and liabilities are offset if all the following conditions are met:

– the taxable entity has a legally enforceable right to set off current tax assets against current tax liabilities; and

– they relate to income taxes levied by the same tax authority on either the same taxable entity or different taxable entities which intend either to settle current tax liabilities and assets on a net basis, or to realise the assets and settle the liabilities, simultaneously, in each future period in which significant amounts of deferred tax liabilities or assets are expected to be settled or recovered.

(17) Financial guarantees issued, provisions and contingent liabilities

(i) Financial guarantees issued

Financial guarantees are contracts that require the issuer (the “guarantor”) to make specified payments to reimburse the beneficiary of the guarantee (the “holder”) for a loss that the holder incurs because a specified debtor fails to make payment when due in accordance with the terms of a debt instrument. The fair value of the guarantee (being the guarantee fees received) is initially recognised as deferred income in other liabilities. The deferred income is amortised in profit or loss over the term of the guarantee as income from financial guarantees issued. Provisions are recognised in the statements of financial position in accordance with Note 2(17)(ii) if and when it becomes probable that the holder of the guarantee will call upon the Group under the guarantee, and the amount of that claim on the Group is expected to exceed the carrying amount of the deferred income.

(ii) Other provisions and contingent liabilities

A provision is recognised for an obligation related to a contingency if the Group has a present obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. A provision is initially measured at the best estimate of the expenditure required to settle the related present obligation. Factors pertaining to a contingency such as the risks, uncertainties and time value of money are taken into account as a whole in reaching the best estimate. Where the effect of time value of money is material, provisions are stated at the present value of the expenditure expected to settle the obligation.

160Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

2 SIGNIFICANT ACCOUNTING POLICIES (continued)

(15) Employee benefits (continued)

(ii) Supplementary retirement benefits (continued)

Supplementary retirement plan

The Group provides a supplementary retirement plan to its eligible employees. The Group’s obligations in respect of the supplementary retirement plan are calculated by estimating the present value of the total amount of future benefits that the Group is committed to pay to the employees after their retirement. The calculation is performed by a qualified actuary using the projected unit credit method. Such obligations were discounted at the interest yield of government bonds with similar duration at the reporting date. The related service cost and net interest from the retirement plan are recognised in profit or loss, and the actuarial gains and losses arising from remeasurements are recognised in other comprehensive income.

Early retirement plan and supplementary retirement plan thereafter collectively referred to as “supplementary retirement benefits”.

(16) Income tax

Current tax and deferred tax are recognised in profit or loss except to the extent that they relate to items that are recognised in other comprehensive income or directly in equity, in which case the relevant amounts of tax are recognised in other comprehensive income or directly in equity, respectively.

Current tax is the expected tax payable calculated at the applicable tax rate on the taxable income for the period, and any adjustment to tax payable in respect of previous years.

At the end of year, current tax assets and liabilities are offset if the taxable entity has a legally enforceable right to set off them and the entity intends either to settle on a net basis or to realise the asset and settle the liability simultaneously.

Deferred tax assets and liabilities arise from deductible and taxable temporary differences being the differences between the carrying amounts of assets and liabilities for financial reporting purposes and their tax bases, which include the deductible losses and tax credits carried forward to subsequent periods. Deferred tax assets are recognised to the extent that it is probable that future taxable profits will be available against which deductible temporary differences can be used.

Deferred tax is not recognised for the temporary differences arising from the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting profit nor taxable profit (or tax loss).

At the end of year, the amount of deferred tax recognised is measured based on the expected manner of realisation or settlement of the carrying amount of the assets and liabilities using tax rates that are expected to be applied in the period when the asset is realised or the liability is settled in accordance with tax laws.

159 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

2 SIGNIFICANT ACCOUNTING POLICIES (continued)

(15) Employee benefits (continued)

(i) Short term employee benefits and contributions to defined contribution retirement plans (continued)

Social pension schemes

Pursuant to the relevant laws and regulations in the PRC, the Group has participated in the social pension schemes for employees arranged by local government labor and security authorities. The Group makes contributions to the retirement schemes at the applicable rates based on the amounts stipulated by the relevant government authorities. The contributions are charged to profit or loss on an accrual basis. When employees retire, the local government labor and security authorities are responsible for the payment of the basic retirement benefits to the retired employees.

Annuity plan

The Group provides an annuity plan to the eligible employees. The Group makes annuity contributions in proportion to its employees’ total salaries and bonuses, which are charged to profit or loss when the contributions are made.

Housing fund and other social insurances

In addition to the retirement benefits above, the Group has joined social security contributions schemes for employees pursuant to the relevant laws and regulations of the PRC. These schemes include a housing fund, basic medical insurance, unemployment insurance, injury insurance and maternity insurance. The Group makes monthly contributions to the housing fund and other social insurances schemes at the applicable rates based on the amounts stipulated by the relevant government authorities. The contributions are charged to profit or loss on an accrual basis.

(ii) Supplementary retirement benefits

Early retirement plan

The Group provides early retirement benefit payments to employees who voluntarily agreed to retire early for the period from the date of early retirement to the regulated retirement date. The benefit is discounted to determine the present value based on certain assumptions. The calculation is performed by a qualified actuary using the projected unit credit method. Differences arising from changes in assumptions and estimates of the present value of the liabilities are recognised in profit or loss when incurred.

158Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

2 SIGNIFICANT ACCOUNTING POLICIES (continued)

(14) Provision for impairment losses on non-financial assetss (continued)

The recoverable amount of an asset or CGU, or a group of CGUs (hereinafter called “asset”) is the greater of its fair value less costs of disposal and value in use. If there is any indication that an asset may be impaired, the recoverable amount is estimated for the individual asset; if it is not possible to estimate the recoverable amount of the individual asset, the Group determines the recoverable amount of the asset group to which the assets belongs.

An asset’s fair value less costs of disposal is the amount determined by the price of a sale agreement in an arm’s length transaction, less the costs that are directly attributable to the disposal of the asset. The value in use of an asset is determined by discounting the future cash flows, estimated to be derived from continuing use of the asset and from its ultimate disposal, to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset.

An impairment loss is recognised in profit or loss if the carrying amount of an asset exceeds its recoverable amount. A provision for an impairment loss of the asset is recognised accordingly. Impairment losses related to an asset group or a set of asset groups are allocated to reduce the carrying amount of the assets in the asset group or set of asset groups on a pro rata basis. However, the carrying amount of an impaired asset will not be reduced below the highest of its individual fair value less costs of disposal (if measurable), value in use (if measurable) and zero.

If, in a subsequent period, the amount of impairment loss of the non-financial asset decreases and the decrease can be linked objectively to an event occurring after impairment was recognised, the previously recognised impairment loss is reversed through profit or loss. A reversal of an impairment loss is limited to the asset’s carrying amount that would have been determined had no impairment loss been recognised in prior periods.

(15) Employee benefits

(i) Short term employee benefits and contributions to defined contribution retirement plans

Salaries, annual bonuses, paid annual leave, contributions to defined contribution retirement plans and the cost of non-monetary benefits are accrued in the period in which the associated services are rendered by employees. Where payment or settlement is deferred and the effect would be material, these amounts are stated at their present values.

The defined contribution retirement plans of the Group include the social pension schemes and an annuity plan.

157 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

2 SIGNIFICANT ACCOUNTING POLICIES (continued)

(12) Intangible assets

The intangible assets of the Group have finite useful lives. The intangible assets are stated at cost less accumulated amortisation and impairment losses (Note 2(14)). The cost of intangible assets less residual value and impairment losses is amortised on a straight-line basis over the estimated useful lives.

The respective amortisation periods for intangible assets are as follows:

Land use rights 30–50 yearsSoftwares 5–10 years

(13) Repossessed assets

Repossessed assets are initially recognised at fair value, and are subsequently measured at the lower of the carrying amount and net recoverable amount. If the recoverable amount is lower than the carrying value of the repossessed assets, the assets are written down to the recoverable amount.

(14) Provision for impairment losses on non-financial assets

The carrying amounts of the following assets are reviewed at the end of year based on the internal and external sources of information to determine whether there is any indication of impairment:

– property and equipment

– pre-paid interest in leasehold land classified as being held under an operating lease

– intangible assets

– investment in subsidiaries and associates

If any indication exists that an asset may be impaired, the recoverable amount of the asset is estimated.

A Cash-Generating Unit (the “CGU”) is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or asset groups. A CGU is composed of assets directly relating to cash-generation. Identification of a CGU is based on whether major cash inflows generated by the asset group are largely independent of the cash inflows from other assets or asset groups. In identifying an asset group, the Group also considers how management monitors the Group’s operations and how management makes decisions about continuing or disposing of the Group’s assets.

156Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

2 SIGNIFICANT ACCOUNTING POLICIES (continued)

(10) Property and equipment (continued)

Property and equipment are depreciated using the straight-line method over their estimated useful lives, after taking into account their estimated residual values. The estimated useful lives, residual values rate and depreciation rates of each class of property and equipment are as follows:

Estimated useful lives

Estimated net residual value rate

Depreciation rate

Premises 20–50 years 5% 1.90%–4.75%Electronic equipment 5 years 5% 19.00%Vehicles 5 years 5% 19.00%Office equipment and others 5–10 years 5% 9.50%–19.00%

(11) Lease

An arrangement, comprising a transaction or a series of transactions, is or contains a lease if the Group determines that the arrangement conveys a right to use a specific asset or assets for an agreed period of time in return for a payment or a series of payments. Such a determination is made based on an evaluation of the substance of the arrangement and is regardless of whether the arrangement takes the legal form of a lease.

(i) Classification of assets leased to the Group

Leases which do not transfer substantially all the risks and rewards of ownership to the Group are classified as operating leases.

(ii) Operating lease charges

Lease payments under operating leases are recognised as costs or expenses on a straight-line basis over the lease term. Lease incentives received are recognised in profit or loss as an integral part of the aggregate net lease payments made. Contingent lease payments are recognised as expenses in the accounting period in which they are incurred.

The cost of acquiring land held under an operating lease is amortised on a straight-line basis over the period of the lease term.

(iii) Finance leases

When the Group is a lessor under finance leases, an amount representing the minimum lease payment receivables and initial direct costs is included in the statement of financial position as loans and advances to customers. Any unguaranteed residual value is also recognised at the inception of the lease. The difference between the sum of the minimum lease payment receivables, initial direct costs, the unguaranteed residual value and their present value is recognised as unearned finance income. Unearned finance income is recognised over the period of the lease using the effective interest rate method.

155 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

2 SIGNIFICANT ACCOUNTING POLICIES (continued)

(9) Associates (continued)

If an investment in an associate becomes an investment in a joint venture or vice versa, retained interest is not remeasured. Instead, the investment continues to be accounted for under the equity method.

In all other cases, when the Group ceases to have significant influence over an associate, it is accounted for as a disposal of the entire interest in that investee, with a resulting gain or loss being recognised in profit or loss. Any interest retained in that former investee at the date when significant influence is lost is recognised at fair value and this amount is regarded as the fair value on initial recognition of a financial asset (Note 2(7)).

(10) Property and equipment

Property and equipment are assets held by the Group for operation and administration purposes with useful lives over one year.

Property and equipment are stated in the statements of financial position at cost less accumulated depreciation and impairment loss (Note 2(14)). Construction in progress (“CIP”) is stated in the statements of financial position at cost less impairment loss (Note 2(14)).

The cost of a purchased property and equipment comprises the purchase price, related taxes, and any expenditure directly attributable to bringing the asset into working condition for its intended use.

All direct and indirect costs that are related to the construction of property and equipment and incurred before the assets are ready for their intended use are capitalised as the cost of construction in progress. No depreciation is provided against construction in progress.

Where the individual component parts of an item of property and equipment have different useful lives or provide benefits to the Group in different patterns, each part is depreciated separately.

The subsequent costs including the cost of replacing part of an item of property and equipment are recognised in the carrying amount of the item if the recognition criteria are satisfied, and the carrying amount of the replaced part is derecognised. The costs of the day-to-day servicing of property and equipment are recognised in profit or loss as incurred.

Gains or losses arising from the retirement or disposal of an item of property and equipment are determined as the difference between the net disposal proceeds and the carrying amount of the item and are recognised in profit or loss on the date of retirement or disposal.

154Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

2 SIGNIFICANT ACCOUNTING POLICIES (continued)

(7) Financial instruments (continued)

(v) Offsetting

Financial assets and financial liabilities are offset and the net amount is reported in the statements of financial position when the Group has a legally enforceable right to set off the recognised amounts and the transactions are intended to be settled on a net basis, or by realising the asset and settling the liability simultaneously.

(8) Financial assets held under resale and sold under repurchase agreements

Financial assets purchased under agreements to resell are reported not as purchases of the assets but as receivables and are carried in the statements of financial position at amortised cost.

Financial assets sold subject to a simultaneous agreement to repurchase these assets are retained in the statements of financial position and measured in accordance with their original measurement principles. The proceeds from the sale are reported as liabilities and are carried at amortised cost.

Interest earned on resale agreements and interest incurred on repurchase agreements are recognised respectively as interest income and interest expense over the life of each agreement using the effective interest method.

(9) Associates

An associate is an entity in which the Group has significant influence, but not control or joint control, over its management, including participation in the financial and operating policy decisions.

An investment in an associate is accounted for in the consolidated financial statements of the Group under the equity method. Under the equity method, the investment is initially recorded at cost, adjusted for any excess of the Group’s share of the acquisition-date fair values of the investee’s identifiable net assets over the cost of the investment (if any). Thereafter, the investment is adjusted for the post acquisition change in the Group’s share of the investee’s net assets and any impairment loss relating to the investment (Note 2(14)). Any acquisition-date excess over cost, the Group’s share of the post-acquisition, post-tax results of the investees and any impairment losses for the period are recognised in profit or loss, whereas the Group’s share of the post-acquisition post-tax items of the investees’ other comprehensive income is recognised in other comprehensive income of the Group. The Group’s interest in associate is included in the consolidated financial statements from the date that significant influence commences until the date that significant influence ends.

When the Group’s share of losses exceeds its interest in the associate, the Group’s interest is reduced to nil and recognition of further losses is discontinued except to the extent that the Group has incurred legal or constructive obligations or made payments on behalf of the investee. For this purpose, the Group’s interest is the carrying amount of the investment under the equity method together with the Group’s long-term interests that in substance form part of the Group’s net investment in the associate.

Unrealised profits and losses resulting from transactions between the Group and its associate are eliminated to the extent of the Group’s interest in the investee, except where unrealised losses provide evidence of an impairment of the asset transferred, in which case they are recognised immediately in profit or loss.

153 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

2 SIGNIFICANT ACCOUNTING POLICIES (continued)

(7) Financial instruments (continued)

(iii) Fair value measurement principles

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

When measuring fair value, the Group takes into account the characteristics of the particular asset or liability (including the condition and location of the asset and restrictions, if any, on the sale or use of the asset) that market participants would consider when pricing the asset or liability at the measurement date, and uses valuation techniques that are appropriate in the circumstances and for which sufficient data and other information are available to measure fair value. Valuation techniques mainly include the market approach, the income approach and the cost approach.

(iv) Derecognition of financial assets and financial liabilities

The Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset.

On derecognition of a financial asset, the difference between the carrying amount of the asset (or the carrying amount allocated to the portion of the asset derecognised) and the sum of (i) the consideration received (including any new asset obtained less any new liability assumed) and (ii) any cumulative gain or loss that had been recognised in other comprehensive income is recognised in profit or loss. Any interest in transferred financial assets that qualify for derecognition that is created or retained by the Group is recognised as a separate asset or liability.

The Group enters into transactions whereby it transfers assets recognised on its statement of financial position, but retains either all or substantially all of the risks and rewards of the transferred assets or a portion of them. In such cases, the transferred assets are not derecognised. Examples of such transactions are securities sale and repurchase transactions.

In transactions in which the Group neither retains nor transfers substantially all of the risks and rewards of ownership of a financial asset and it retains control over the asset, the Group continues to recognise the asset to the extent of its continuing involvement, determined by the extent to which it is exposed to changes in the value of the transferred asset.

In certain transactions, the Group retains the obligation to service the transferred financial asset for a fee. The transferred asset is derecognised if it meets the derecognition criteria. An asset or liability is recognised for the servicing contract if the servicing fee is more than adequate (asset) or is less than adequate (liability) for performing the servicing.

The Group derecognises a financial liability when its contractual obligations are discharged or cancelled, or expire.

152Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

2 SIGNIFICANT ACCOUNTING POLICIES (continued)

(7) Financial instruments (continued)

(ii) Impairment of financial assets (continued)

• Held-to-maturity investments

The impairment loss is calculated based on the excess of its carrying amount over the present value of the estimated future cash flows (exclusive of future credit losses that have not been incurred) discounted at the original effective interest rate. All impairment losses are recognised in profit or loss.

If, in a subsequent period the amount of an impairment loss decreases and the decrease can be related objectively to an event occurring after the impairment loss was recognised, the impairment loss is reversed through profit or loss. The reversal shall not result in a carrying amount of the financial asset that exceeds the amortised cost at the date of the reversal had the impairment not been recognised.

• Available-for-sale financial assets

When an available-for-sale financial asset is impaired, the cumulative loss arising from decline in fair value that had been recognised in other comprehensive income is reclassified to profit or loss even though the financial asset has not been derecognised.

The amount of the cumulative loss that is removed from equity is the difference between the acquisition cost net of any principal repayment and amortisation and current fair value, less any impairment loss on that financial asset previously recognised in profit or loss.

If, after an impairment loss has been recognised on available-for-sale debt instruments, the fair value of the assets increases in a subsequent period and the increase can be objectively related to an event occurring after the impairment loss was recognised, the impairment loss is reversed through profit or loss. An impairment loss recognised for an equity instrument classified as available-for-sale is not reversed through profit or loss but recognised directly in other comprehensive income.

For investments in equity instruments carried at cost, the amount of any impairment loss is measured as the difference between the carrying amount of the financial asset, and the present value of estimated future cash flows discounted at the current market rate of return for a similar financial asset and recognised in profit or loss. Impairment losses for equity instruments carried at cost are not reversed.

151 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

2 SIGNIFICANT ACCOUNTING POLICIES (continued)

(7) Financial instruments (continued)

(ii) Impairment of financial assets (continued)

• Loans and receivables (continued)

The collective impairment loss is assessed after taking into account:

– historical loss experience in portfolios of similar credit risk characteristics;

– the emergence period between a loss occurring and that loss being identified; and

– the current economic and credit environments and the judgement on inherent loss based on management’s historical experience.

The emergence period between a loss occurring and its identification is determined by management based on the historical experience of the markets where the Group operates.

As soon as information is available that specifically identifies objective evidence of impairment on individual assets in a portfolio, those assets are removed from the portfolio of financial assets. Assets that are individually assessed for impairment and for which an impairment loss is or continues to be recognised are not included in a collective assessment for impairment.

The Group periodically reviews and assesses the impaired loans and receivables for any subsequent changes to the estimated recoverable amounts and the resulted changes in the provision for impairment losses.

If, in a subsequent period the amount of an impairment loss decreases and the decrease can be related objectively to an event occurring after the impairment loss was recognised, the impairment loss is reversed through profit or loss. The reversal shall not result in a carrying amount of the financial asset that exceeds the amortised cost at the date of the reversal had the impairment not been recognised.

When the Group determines that a loan or receivable has no reasonable prospect of recovery after the Group has completed all the necessary legal or other claim proceedings, the loan or receivable is written off against its provision for impairment losses upon necessary approval. If in a subsequent period the loan written off is recovered, the amount recovered is recognised in profit or loss through impairment losses.

Rescheduled loans are loans that have been restructured due to deterioration in the borrower’s financial position to the extent that the borrower is unable to repay according to the original terms and where the Group has made concessions that it would not otherwise consider under normal circumstances. Where possible, the Group seeks to restructure loans rather than to take possession of collateral. This may involve extending the payment arrangements and the agreement of new loan conditions. Once the terms have been renegotiated, the loan is no longer considered past due. Management continuously reviews renegotiated loans to ensure that all criteria are met and that future payments are likely to occur. The loans continue to be subject to individual or collective impairment assessment, and the provision is calculated using the loan’s original effective interest rate.

150Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

2 SIGNIFICANT ACCOUNTING POLICIES (continued)

(7) Financial instruments (continued)

(ii) Impairment of financial assets (continued)

• Loans and receivables (continued)

Cash flows relating to short-term loans and receivables are not discounted when assessing impairment loss if the difference between the estimated future cash flows and its present value is immaterial.

The calculation of the present value of the estimated future cash flows of a collateralised loan or receivable reflects the cash flows that may result from foreclosure less costs for obtaining and selling the collateral.

Collective assessment

Loans and receivables which are assessed collectively for impairment include individually assessed loans and receivables with no objective evidence of impairment on an individual basis, and homogeneous groups of loans and receivables which are not considered individually significant and not assessed individually. Loans and receivables are grouped for similar credit risk characteristics for collective assessment. The objective evidence of impairment mainly includes that, though it is unable to identify the decrease of cash flow of each individual asset, after collective assessment based on observable data, there is observable evidence indicating that there is a measurable decrease in the estimated future cash flow from a group of financial assets since the initial recognition of those assets.

Homogeneous groups of loans and receivables not considered individually significant

For homogeneous groups of loans and receivables that are not considered individually significant, the Group adopts a flow rate methodology to collectively assess impairment losses. This methodology utilises a statistical analysis of historical trends of probability of default and amount of consequential loss, as well as an adjustment of observable data that reflects the current economic conditions and judgement based on management’s historical experience.

Individually assessed loans and receivables with no objective evidence of impairment on an individual basis

Loans and receivables which are individually significant and therefore have been individually assessed but for which no objective evidence of impairment can be identified, either due to the absence of any loss events or due to an inability to measure reliably the impact of loss events on future cash flows, are grouped together in portfolios of similar credit risk characteristics for the purpose of assessing a collective impairment loss. This assessment covers those loans and receivables that were impaired at the end year but which will not be individually identified as such until some time in the future.

149 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

2 SIGNIFICANT ACCOUNTING POLICIES (continued)

(7) Financial instruments (continued)

(ii) Impairment of financial assets

The carrying amounts of financial assets other than those at fair value through profit or loss are reviewed by the Group at the end year to determine whether there is objective evidence of impairment. If any such evidence exists, impairment loss is recognised in profit or loss. Objective evidence of impairment in a financial asset represents events that occur after the initial recognition of the financial asset and have impact on the estimated future cash flows of the asset, which can be estimated reliably.

Objective evidence includes the following loss event:

– significant financial difficulty of the issuer or borrower;

– a breach of contract, such as a default or delinquency in interest or principal payments;

– it is becoming probable that the borrower will enter bankruptcy or other financial reorganisation;

– disappearance of an active market for financial assets because of significant financial difficulties;

– significant changes in the technological, market, economic or legal environment that have an adverse effect on the borrower; and

– a significant or prolonged decline in the fair value of an investment in an equity instrument below its cost.

• Loans and receivables

The Group uses two methods of assessing impairment losses: those assessed individually and those assessed on a collective basis.

Individual assessment

Loans and receivables, which are considered individually significant, are assessed individually for impairment. If there is objective evidence of impairment of loans and receivables, the amount of loss is measured as the excess of its carrying amount over the present value of the estimated future cash flows (exclusive of future credit losses that have not been incurred) discounted at the original effective interest rate. The impairment losses are recognised in profit or loss.

It may not be possible to identify a single, discrete event that caused the impairment but it may be possible to identify impairment through the combined effect of several events.

148Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

2 SIGNIFICANT ACCOUNTING POLICIES (continued)

(7) Financial instruments (continued)

(i) Recognition and measurement of financial assets and liabilities (continued)

• Available-for-sale financial assets

Available-for-sale financial assets include non-derivative financial assets that are designated upon initial recognition as available-for-sale and other financial assets which do not fall into any of the above categories.

Subsequent to initial recognition, available-for-sale financial assets are measured at fair value, without any deduction for transaction costs that may occur on sale, and changes therein, except for impairment losses and foreign exchange gains and losses from monetary financial assets, are recognised directly in other comprehensive income. Investments in equity securities that do not have a quoted price in an active market for an identical instrument and whose fair value cannot otherwise be reliably measured are recognised in the statements of financial position at cost less impairment losses. When an investment is derecognised, the cumulative gain or loss in other comprehensive income is reclassified to profit or loss.

• Other financial liabilities

Financial liabilities other than the financial liabilities at fair value through profit or loss are classified as other financial liabilities.

Subsequent to initial recognition, other financial liabilities are measured at amortised cost using the effective interest method.

147 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

2 SIGNIFICANT ACCOUNTING POLICIES (continued)

(7) Financial instruments (continued)

(i) Recognition and measurement of financial assets and liabilities (continued)

• Held-to-maturity investments

Held-to-maturity investments are non-derivative financial assets with fixed or determinable payments and fixed maturity that the Group has the positive intention and ability to hold to maturity, other than

(a) those that the Group, upon initial recognition, designates as at fair value through profit or loss or as available-for-sale; or

(b) those that meet the definition of loans and receivables.

Subsequent to initial recognition, held-to-maturity investments are stated at amortised cost using the effective interest method.

• Loans and receivables

Loans and receivables are non-derivative financial assets held by the Group with fixed or determinable recoverable amounts that are not quoted in an active market, other than

(a) those that the Group intends to sell immediately or in the near-term, which will be classified as held for trading;

(b) those that the Group, upon initial recognition, designates as at fair value through profit or loss or as available-for-sale; or

(c) those where the Group may not recover substantially all of its initial investment, other than because of credit deterioration, which will be classified as available-for-sale.

Subsequent to initial recognition, loans and receivables are stated at amortised cost using the effective interest method.

146Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

2 SIGNIFICANT ACCOUNTING POLICIES (continued)

(7) Financial instruments (continued)

(i) Recognition and measurement of financial assets and liabilities (continued)

Financial assets and financial liabilities are measured initially at fair value. For financial assets and financial liabilities at fair value through profit or loss, any directly attributable transaction costs are charged to profit or loss; for other categories of financial assets and financial liabilities, any attributable transaction costs are included in their initial costs.

Financial assets and financial liabilities are categorised as follows:

• Financial assets and financial liabilities at fair value through profit or loss

A financial asset or financial liability is classified as at fair value through profit or loss if it is acquired or incurred principally for the purpose of selling or repurchasing in the near term, it is managed in a pattern of short-term profit taking, a derivative, or if it is designated at fair value through profit or loss.

Financial assets and financial liabilities are designated at fair value through profit or loss upon initial recognition when:

– the financial assets or financial liabilities are managed, evaluated and reported internally on a fair value basis;

– the designation eliminates or significantly reduces the discrepancies in the recognition or measurement of relevant gains or losses arising from the different basis of measurement of the financial assets or financial liabilities;

– the financial assets or financial liabilities contains an embedded derivative that significantly modifies the cash flows that would otherwise be required under the contract; or

– the separation of the embedded derivatives from the financial instrument is prohibited.

Subsequent to initial recognition, financial assets and financial liabilities at fair value through profit or loss are measured at fair value, without any deduction for transactions costs that may occur on sale, and changes therein are recognised in profit or loss.

145 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

2 SIGNIFICANT ACCOUNTING POLICIES (continued)

(5) Translation of foreign currencies

When the Group receives capital in foreign currencies from investors, the capital is translated to RMB at the spot exchange rates ruling at the date of receipt. Other foreign currency transactions are, on initial recognition, translated to RMB at the spot exchange rates or the rates that approximate the spot exchange rates ruling at the transaction dates.

A spot exchange rate is quoted by the PBOC, the State Administration of Foreign Exchange, or a cross rate determined based on quoted exchange rates. A rate that approximates the spot exchange rate is determined by a systematic and rational method, normally the average exchange rate of the current period.

Monetary assets and liabilities denominated in foreign currencies are translated to RMB at the spot exchange rates ruling at the end year. The resulting exchange differences are recognised in profit or loss. Non-monetary assets and liabilities denominated in foreign currencies that are measured at historical cost are translated to RMB using the foreign exchange rates ruling at the transaction dates. Non-monetary assets and liabilities denominated in foreign currencies that are measured at fair value are translated using the foreign exchange rates ruling at the dates the fair value is determined; the exchange differences are recognised in profit or loss, except for the exchange differences arising from the translation of non-monetary available-for-sale financial assets which are recognised in fair value reserve.

(6) Cash and cash equivalents

Cash and cash equivalents comprise cash on hand, non-restricted balances with central bank, short-term deposits and placements with banks and other financial institutions, and highly liquid short-term investments which are readily convertible into known amounts of cash and are subject to an insignificant risk of change in value.

(7) Financial instruments

(i) Recognition and measurement of financial assets and liabilities

A financial asset or financial liability is recognised in the statements of financial position when the Group becomes a party to the contractual provisions of a financial instrument.

The Group classifies financial assets and liabilities into different categories at initial recognition based on the purpose of acquiring assets or assuming liabilities: financial assets and financial liabilities at fair value through profit or loss, loans and receivables, held-to-maturity investments, available-for-sale financial assets and other financial liabilities.

144Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

2 SIGNIFICANT ACCOUNTING POLICIES (continued)

(3) Change in accounting policies

The IASB has issued a number of amendments to IFRSs that are first effective for the current accounting period of the Group. None of these development have had a material effect on how the Group’s result and financial position for the current or prior periods have been prepared or presented.

The Group has not applied any new standard or interpretation that is not yet effective for the current accounting period.

(4) Subsidiaries and non-controlling interests

Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. When assessing whether the Group has power, only substantive rights are considered.

An investment in a subsidiary is consolidated into the consolidated financial statements from the date that control commences until the date that control ceases. Intra-group balances, transactions and cash flows and any unrealised profits arising from intra-group transactions are eliminated in full in preparing the consolidated financial statements. Unrealised losses resulting from intra-group transactions are eliminated in the same way as unrealised gains but only to the extent that there is no evidence of impairment.

Non-controlling interests represent the equity in a subsidiary not attributable directly or indirectly to the Bank, and in respect of which the Group has not agreed any additional terms with the holders of those interests which would result in the Group as a whole having a contractual obligation in respect of those interests that meets the definition of a financial liability. For each business combination, the Group can elect to measure any non-controlling interests either at fair value or at the non-controlling interests’ proportionate share of the subsidiary’s net identifiable assets.

Non-controlling interests are presented in the consolidated statement of financial position within equity, separately from equity attributable to the equity shareholders of the Bank. Non-controlling interests in the results of the Group are presented on the face of the consolidated statement of profit or loss and the consolidated statement of profit or loss and other comprehensive income as an allocation of the total profit or loss and total comprehensive income for the year between non-controlling interests and the equity shareholders of the Bank.

Changes in the Group’s interests in a subsidiary that do not result in a loss of control are accounted for as equity transactions, whereby adjustments are made to the amounts of controlling and non-controlling interests within consolidated equity to reflect the change in relative interests, but no adjustments are made to goodwill and no gain or loss is recognised.

In the Bank’s statements of financial position, investments in subsidiaries are stated at cost less provision for impairment losses.

143 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements (Continued)

2 SIGNIFICANT ACCOUNTING POLICIES

(1) Statement of compliance

These financial statements have been prepared in accordance with the International Financial Reporting Standards (“IFRSs”), which collective term includes all applicable individual IFRSs, International Accounting Standards and Interpretations issued by the International Accounting Standards Board (the “IASB”) and the disclosure requirements of the Hong Kong Companies Ordinance. These financial statements also comply with the applicable disclosure provisions of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

(2) Basis of preparation

The consolidated financial statements for the year ended 31 December 2016 comprise the Bank and its subsidiaries (together referred to as the “Group”) and the Group’s interest in associates.

The preparation of financial statements in conformity with IFRSs requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgement about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the year in which the estimate is revised if the revision affects only that year, or in the year of the revision and future years if the revision affects both current and future years.

Judgements that have a significant effect on the financial statements and major sources of estimation uncertainly are discussed in Note 2(24).

The measurement basis used in the preparation of the financial statements is the historical basis, except that the financial instruments classified as available-for-sale or at fair value through profit or loss (see Note 2(7)) are stated at their fair value as explained in the accounting policies.

The financial statements are presented in RMB, rounded to the nearest thousand, which is the functional currency of the Group.

142Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Notes to the Financial Statements

1 BACKGROUND INFORMATION

Bank of Zhengzhou Co., Ltd., formerly known as City Commercial Bank of Zhengzhou Co., Ltd., is a joint-stock commercial bank established with the approval of the People’s Bank of China (the “PBOC”) in accordance with the notice of JiyinFu [2000] No. 64. The Bank changed its name to Bank of Zhengzhou Co., Ltd. in October 2009. The registered address is No.22 Business Waihuan Road, Zhengdong New District, Zhengzhou City, Henan Province. The Bank operates in Henan Province of the PRC.

The Bank obtained its financial institution license No. B1036H241010001 from the China Banking Regulatory Commission (the “CBRC”), and obtained its business license No. 410000100052554 from the State Administration for Industry and Commerce of the People’s Republic of China (the “PRC”). The Bank is regulated by the CBRC authorized by the State Council.

In December 2015, the Bank’s H-shares were listed on the Main Board of the Stock Exchange of Hong Kong Limited (Stock code: 06196).

The principal activities of the Bank and its subsidiaries (collectively the “Group”) includes taking deposits from the public; extending short-term, medium-term and long-term loans; effecting domestic settlements; accepting and discounting bills; issuing financial bonds; acting as the issuing agent, cashing agent and the underwriting of government bonds; trading government bonds; engaging in interbank borrowings; financial leasing; offering guarantees; providing safe-deposit box service; collecting and making payments as agent and acting as insurance agent; accepting entrusted loans and other businesses approved by the banking regulatory authorities under the State Council.

For subsidiaries of the Bank, refer to note 22 for more information.

141 Bank of Zhengzhou Co., Ltd.

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Consolidated Cash Flow Statement (Continued)

Note 2016 2015

Cash and cash equivalents as at January 1 14,514,260 10,089,462

Effect of foreign exchange rate changes on cash and cash equivalents 35,883 3,714

Cash and cash equivalents as at December 31 36 16,122,799 14,514,260

Net cash flows generated from operating activities include:

Interest received 7,699,784 7,440,807

Interest paid (4,862,362) (4,301,496)

The notes on pages 142 to 250 form part of these financial statements.

140Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Consolidated Cash Flow Statement (Continued)

2016 2015

Changes in operating liabilitiesNet increase in amounts due to central bank 77,000 –Net increase/(decrease) in deposits and placements from banks

and other financial institutions 17,640,450 (5,916,994)Net increase in financial assets sold under repurchase agreements 13,648,770 3,820,000Net increase in deposits from customers 47,194,169 36,634,096Income tax paid (1,405,307) (1,026,673)Net increase in other operating liabilities 882,922 835,289

78,038,004 34,345,718

Net cash flows generated from operating activities 54,036,394 7,720,162

Cash flows from investing activities

Proceeds from disposal and redemption of investments 210,434,494 120,048,741Payments on acquisition of associates (14,400) –Proceeds from disposal of property and equipment and other assets 37,985 52,802Payments on acquisition of investments (284,587,504) (148,459,603)Dividends and interest received 6,674,064 4,573,383Payments on acquisition of property and equipment and other assets (896,543) (763,939)

Net cash flows used in investing activities (68,351,904) (24,548,616)

Cash flows from financing activities

Proceeds received from issuance of H-shares 572,422 3,762,237Capital contribution by non-controlling interests 490,000 29,880Proceeds received from debt securities issued 60,927,564 27,571,775Repayment of debt securities issued (43,486,400) (9,194,242)Interest paid on debt securities issued (1,162,156) (589,961)Dividends paid (1,067,537) (715,877)Others (385,727) 385,726

Net cash flows generated from financing activities 15,888,166 21,249,538

Net increase in cash and cash equivalents 1,572,656 4,421,084

The notes on pages 142 to 250 form part of these financial statements.

139 Bank of Zhengzhou Co., Ltd.

Consolidated Cash Flow StatementFor the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

2016 2015

Cash flows from operating activities

Profit before tax 5,257,033 4,361,742Adjustments for:Impairment losses on assets 2,346,372 1,297,526Depreciation and amortisation 212,689 157,282Unwinding of discount (49,375) (41,776)Unrealised foreign exchange gains (190,082) (19,060)Net gains on disposal of long-term assets (24,456) (39,859)Net trading losses/(gains) of financial assets at fair value through profit or loss 44,880 (28,544)Net gains arising from investments (207,995) (26,622)Share of profits of associates (57,443) (50,777)Interest expense on debt securities issued 1,274,587 747,662Interest income on financial investments (7,397,630) (5,022,145)Other non-cash items (5,527) –

1,203,053 1,335,429

Changes in operating assetsNet increase in deposits with central bank (3,710,588) (157,884)Net increase in deposits and placements with banks and other financial institutions (4,233,434) (5,934,188)Net decrease/(increase) in financial assets at fair value through profit or loss 4,010,540 (2,005,606)Net increase in loans and advances to customers (17,821,042) (16,292,969)Net decrease/(increase) in financial assets held under resale agreements 4,596,737 (3,140,782)Net increase in finance lease receivables (8,017,868) –Net increase in other operating assets (29,008) (429,556)

(25,204,663) (27,960,985)

The notes on pages 142 to 250 form part of these financial statements.

138Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Consolidated Statement of Changes in Equity (Continued)

Attributable to equity shareholders of the Bank

Note Share capital Capital reserve Surplus reserve General reserve Fair value reserve

Remeasurement of

net defined benefit

liability Retained earnings Sub-total

Non-controlling

interests Total equity

Balance at January 1, 2015 3,941,932 100,327 902,085 2,313,200 2,436 (27,572) 4,173,170 11,405,578 – 11,405,578

Profit for the year – – – – – – 3,356,371 3,356,371 (701) 3,355,670

Other comprehensive income 34(4)(5) – – – – 7,969 (27,767) – (19,798) – (19,798)

Total comprehensive income – – – – 7,969 (27,767) 3,356,371 3,336,573 (701) 3,335,872

Changes in share capital

– Issue of H-shares 33/34 1,200,000 2,562,237 – – – – – 3,762,237 – 3,762,237

– Non-controlling interests from the establishment of subsidiary – – – – – – – – 29,880 29,880

Sub-total 1,200,000 2,562,237 – – – – – 3,762,237 29,880 3,792,117

Appropriation of profit:

– Appropriation to surplus reserve 34(2) – – 335,708 – – – (335,708) – – –

– Appropriation to general reserve 34(3) – – – 850,000 – – (850,000) – – –

– Cash dividends 35 – – – – – – (709,548) (709,548) – (709,548)

Sub-total – – 335,708 850,000 – – (1,895,256) (709,548) – (709,548)

Balance at December 31, 2015 5,141,932 2,662,564 1,237,793 3,163,200 10,405 (55,339) 5,634,285 17,794,840 29,179 17,824,019

The notes on pages 142 to 250 form part of these financial statements.

137 Bank of Zhengzhou Co., Ltd.

Consolidated Statement of Changes in EquityFor the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Attributable to equity shareholders of the Bank

Note Share capital Capital reserve Surplus reserve General reserve

Fair value

reserve

Remeasurement

of net defined

benefit liability

Retained

earnings Sub-total

Non-controlling

interests Total equity

Balance at January 1, 2016 5,141,932 2,662,564 1,237,793 3,163,200 10,405 (55,339) 5,634,285 17,794,840 29,179 17,824,019

Profit for the year – – – – – – 3,998,768 3,998,768 45,818 4,044,586

Other comprehensive income 34(4)(5) – – – – (7,564) 3,080 – (4,484) – (4,484)

Total comprehensive income – – – – (7,564) 3,080 3,998,768 3,994,284 45,818 4,040,102

Changes in share capital

– Issue of H-shares 33/34 180,000 392,422 – – – – – 572,422 – 572,422

– Non-controlling interests from the establishment of subsidiary – – – – – – – – 490,000 490,000

– Others – (782) – – – – – (782) – (782)

Sub-total 180,000 391,640 – – – – – 571,640 490,000 1,061,640

Appropriation of profit:

– Appropriation to surplus reserve 34(2) – – 395,100 – – – (395,100) – – –

– Appropriation to general reserve 34(3) – – – 1,364,589 – – (1,364,589) – – –

– Cash dividends 35 – – – – – – (1,064,386) (1,064,386) – (1,064,386)

Sub-total – – 395,100 1,364,589 – – (2,824,075) (1,064,386) – (1,064,386)

Balance at December 31, 2016 5,321,932 3,054,204 1,632,893 4,527,789 2,841 (52,259) 6,808,978 21,296,378 564,997 21,861,375

The notes on pages 142 to 250 form part of these financial statements.

136Annual Report 2016

As at December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Consolidated Statement of Financial Position (Continued)

NoteDecember 31,

2016December 31,

2015

EquityShare capital 33 5,321,932 5,141,932Capital reserve 34 3,054,204 2,662,564Surplus reserve 34 1,632,893 1,237,793General reserve 34 4,527,789 3,163,200Fair value reserve 34 2,841 10,405Remeasurement of net defined benefit liability 34 (52,259) (55,339)Retained earnings 35 6,808,978 5,634,285

Total equity attributable to equity shareholders of the Bank 21,296,378 17,794,840Non-controlling interests 564,997 29,179

Total equity 21,861,375 17,824,019

Total liabilities and equity 366,147,972 265,623,089

Approved and authorised for issue by the board of directors on March 25, 2017.

Wang Tianyu Shen XueqingChairman of the Board of Directors President

Executive Director Executive Director

Mao Yuezhen Li Guoquan Chief accountant General Manager of the Planning

and Finance Department

The notes on pages 142 to 250 form part of these financial statements.

135 Bank of Zhengzhou Co., Ltd.

Consolidated Statement of Financial PositionAs at December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

NoteDecember 31,

2016December 31,

2015

AssetsCash and deposits with central bank 14 42,586,362 33,008,307Deposits with banks and other financial institutions 15 1,414,928 7,679,078Placements with banks and other financial institutions 16 11,758,215 5,519,560Financial assets at fair value through profit or loss 17 8,946,097 13,001,517Financial assets held under resale agreements 18 5,119,568 9,716,305Loans and advances to customers 19 107,633,407 91,604,436Financial investments:

Available-for-sale financial assets 20 6,301,789 11,206,015Held-to-maturity investments 20 49,671,048 23,901,914Loans and receivables 20 118,224,916 65,105,660

Financial lease receivables 21 5,721,061 –Interest in associates 22 255,195 195,625Property and equipment 23 1,698,990 1,604,561Deferred tax assets 24 969,658 589,143Other assets 25 5,846,738 2,490,968

Total assets 366,147,972 265,623,089

LiabilitiesDue to central bank 26 77,000 –Deposits from banks and other financial institutions 27 25,808,253 21,453,178Placements from banks and other financial institutions 28 19,105,611 5,820,236Financial assets sold under repurchase agreements 29 33,251,370 19,602,600Deposits from customers 30 216,389,640 169,195,471Tax payable 589,674 505,816Debt securities issued 31 44,660,446 27,039,068Other liabilities 32 4,404,603 4,182,701

Total liabilities 344,286,597 247,799,070

The notes on pages 142 to 250 form part of these financial statements.

134Annual Report 2016

For the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Consolidated Statement of Profit or Loss and Other Comprehensive Income (Continued)

Note 2016 2015

Profit for the year 4,044,586 3,355,670

Other comprehensive income:Items that may be reclassified subsequently to profit or loss– Available-for-sale financial assets: net movement in the fair value reserve 34(4) (7,564) 7,969Items that will not be reclassified subsequently to profit or loss– Remeasurement of net defined benefit liability 34(5) 3,080 (27,767)

Other comprehensive income net of tax (4,484) (19,798)

Total comprehensive income 4,040,102 3,335,872

Total comprehensive income attributable to:Equity shareholders of the Bank 3,994,284 3,336,573Non-controlling interests 45,818 (701)

4,040,102 3,335,872

Basic and diluted earnings per share (in RMB) 13 0.75 0.85

The notes on pages 142 to 250 form part of these financial statements.

133 Bank of Zhengzhou Co., Ltd.

Consolidated Statement of Profit or Loss and Other Comprehensive IncomeFor the year ended December 31, 2016(Expressed in thousands of Renminbi, unless otherwise stated)

Note 2016 2015

Interest income 15,057,410 12,664,502Interest expense (6,757,417) (5,757,990)

Net interest income 3 8,299,993 6,906,512

Fee and commission income 1,259,800 745,638Fee and commission expense (45,359) (32,242)

Net fee and commission income 4 1,214,441 713,396

Net trading gains 5 79,267 127,261Net gains arising from investments 6 207,995 26,622Other operating income 7 178,790 87,460

Operating income 9,980,486 7,861,251

Operating expenses 8 (2,434,524) (2,252,760)Impairment losses on assets 11 (2,346,372) (1,297,526)

Operating profit 5,199,590 4,310,965

Share of profits of associates 22(2) 57,443 50,777

Profit before taxation 5,257,033 4,361,742

Income tax expense 12 (1,212,447) (1,006,072)

Profit for the year 4,044,586 3,355,670

Net profit attributable to:Equity shareholders of the Bank 3,998,768 3,356,371Non-controlling interests 45,818 (701)

4,044,586 3,355,670

The notes on pages 142 to 250 form part of these financial statements.

132Annual Report 2016

CHAPTER XIII INDEPENDENT AUDITOR’S REPORT (Continued)

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

• Conclude on the appropriateness of the directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

• Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.

We communicate with the Audit Committee regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide the Audit Committee with a statement that we have complied with relevant ethical requirements regarding independence and communicate with them all relationships and other matters that may reasonably be thought to bear on our independence and, where applicable, related safeguards.

From the matters communicated with the Audit Committee, we determine those matters that were of most significance in the audit of the consolidated financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

The engagement partner on the audit resulting in this independent auditor’s report is Leung Tat Ming.

KPMGCertified Public Accountants8th Floor, Prince’s Building10 Chater RoadCentral, Hong Kong

March 25, 2017

131 Bank of Zhengzhou Co., Ltd.

CHAPTER XIII INDEPENDENT AUDITOR’S REPORT (Continued)

Information Other than the Consolidated Financial Statements and Auditor’s Report Thereon

The directors are responsible for the other information. The other information comprises all the information included in the annual report, other than the consolidated financial statements and our auditor’s report thereon.

Our opinion on the consolidated financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the consolidated financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the consolidated financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated.

If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Responsibilities of the Directors for the Consolidated Financial Statements

The directors are responsible for the preparation of these consolidated financial statements that give a true and fair view in accordance with IFRSs issued by the IASB and the disclosure requirements of the Hong Kong Companies Ordinance and for such internal control as the directors determine is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the consolidated financial statements, the directors are responsible for assessing the Group’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Group or to cease operations, or have no realistic alternative but to do so.

The directors are assisted by the Audit Committee in discharging their responsibilities for overseeing the Group’s financial reporting process.

Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements

Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. This report is made solely to you, as a body, and for no other purpose. We do not assume responsibility towards or accept liability to any other person for the contents of this report.

Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with HKSAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.

As part of an audit in accordance with HKSAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances but not for the purpose of expressing an opinion on the effectiveness of the Group’s internal control.

130Annual Report 2016

CHAPTER XIII INDEPENDENT AUDITOR’S REPORT (Continued)

Consolidation of structured entities

Refer to note 42 to the consolidated financial statements and the accounting policies on page 167.

The Key Audit Matter How the matter was addressed in our audit

Structured entities are generally created to achieve a narrow and well defined objective with restrictions around their ongoing activities. The Group may acquire or retain an ownership interest in, or act as a sponsor to a structured entity through issuing a wealth management product, or act as an investor to a structured entity through investing in an asset management plan, a trust plan or an asset-backed security.

In determining whether a structured entity is required to be consolidated by the Group, management is required to consider the power the Group is able to exercise over the activities of the entity and the Group’s exposure to and ability to influence its own returns from the entity. In certain circumstances the Group may be required to consolidate a structured entity even though it has no equity interest therein.

As at 31 December 2016, the carrying amount of the Group’s non-equity interests in structured entities sponsored by third party institutions which were not consolidated by the Group was RMB111,073 million whilst, the amounts of assets held by structured entities sponsored by the Group which the Group did not consolidate but in which it held an non- equity interest was RMB43,209 million.

We identified the consolidation of structured entities as a key audit matter because it involves significant management judgement to determine whether a structured entity is required to be consolidated by the Group or not and because the impact of consolidating a structured entity on the consolidated statement of financial position and relevant regulatory capital requirements could be significant.

Our audit procedures to assess the consolidation of structured entities included the following:

• making enquiries of management and inspecting documents relating to the judgement process over whether a structured entity is consolidated or not to assess whether the Group has a robust process in this regard;

• selecting significant structured entities of each key product type and performing the following procedures for each entity selected:

– inspecting the related contracts, internal establishment documents and information disclosed to the investors to understand the purpose of the establishment of the structured entity and the involvement the Group has with the structured entity and to assess management’s judgement over whether the Group has the ability to exercise power over the structured entity;

– reviewing the risk and reward structure of the structured entity including any capital or return guarantee, provision of liquidity support, commission paid and distribution of the returns to assess management’s judgement as to exposure, or rights, to variable returns from the Group’s involvement in such an entity;

– reviewing management’s analyses of the structured entity including qualitative analyses and calculations of the magnitude and variability associated with the Group’s economic interests in the structured entity to assess management’s judgement over the Group’s ability to influence its own returns from the structured entity;

– assessing management’s judgement over whether the structured entity should be consolidated or not;

• assessing the disclosures in the consolidated financial statements in relation to structured entit ies with reference to the requirements of the prevailing accounting standards.

129 Bank of Zhengzhou Co., Ltd.

CHAPTER XIII INDEPENDENT AUDITOR’S REPORT (Continued)

Impairment of loans and receivables

Refer to note 19 and 20(3) to the consolidated financial statements and the accounting policies on page 149–152.

The Key Audit Matter How the matter was addressed in our audit

From the Group’s perspective, the portfolios which gave rise to the greatest uncertainty in determining provision for impairment losses were those where impairments were derived from collective assessment models, where the loans and receivables were unsecured or where the loans and receivables were subject to potential collateral shortfalls.

The determination of the collective provision for impairment losses is heavily dependent on the external macro environment and the Group’s internal credit risk management strategy. The Group’s collective provisions for impairment losses are derived from estimates including the Group’s historical losses for loans and receivables, the loss emergence period (i.e. the time lapse between the occurrence of the event causing eventual default to the actual recording of a loss) and other adjustment factors.

Individual provisions for impairment losses are estimated by management once objective evidence of impairment becomes apparent. Management exercises judgement in determining the quantum of loss based on a range of factors. These include available remedies for recovery, the financial situation of the borrower, collateral valuation, the seniority of the claim and the existence and cooperativeness of other creditors.

Whilst the Group performs valuations of property and other illiquid collateral, enforceability, timing and means of realisation also affect the ultimate collectability and thereby the amount of impairment allowances as at the reporting date.

We identified impairment of loans and receivables as a key audit matter because of the inherent uncertainty and management judgement involved and because of its significance to the financial results and capital of the Group.

• comparing the total balance of the loan grading report used by management to assess the allowances for impairment with the general ledger and comparing individual loan information, on a sample basis, with the underlying loan agreements and other related documentation to assess the presentation of the information in the loan grading report;

• evaluating the validity of the models used and assumptions adopted in the Group’s calculation of the collective provisions for impairment losses by critically assessing input parameters involving subjective judgement, seeking collaborative evidence from external sources and comparing the historical losses against the Group’s other internal records and our prior year records. As part of these procedures, we challenged the Group’s revisions to estimates and input parameters, the consistency of judgement applied in the use of economic factors, the loss emergence period and the observation period for historical losses. We compared the economic factors used in the models to market information to assess whether they were aligned with market and economic development. We assessed the emergence period by tracing the lifecycle of overdue accounts from the specific credit event to downgrading the accounts to impaired loans and receivables. Having considered the above, we performed a re-calculation to assess the amount of collective provisions for impairment losses;

• assessing individual provisions for impairment losses by selecting a risk- based sample for credit review. We analysed the loan portfolio by industry sector to select samples for credit review in industries more vulnerable to the current economic situation with reference to borrowers with adverse financial press coverage. We also selected samples based on other risk criteria and from the Group’s watch list and overdue report. We selected further samples for credit review from loans and receivables classified as non- performing. We assessed the compilation of the overdue report and other key data maintained in the information technology systems by comparing the details of a sample of loans and advances with the underlying loan documentation;

• performing credit review procedures for the sample of loans and receivables selected as mentioned above, which included making enquiries of the credit managers about the customers’ business operations, reviewing customers’ financial information, researching market information about customers’ businesses and evaluating management’s assessment of the value of any collateral held, assessing the forecast cash flows for impaired loans and receivables, challenging the viability of the Group’s recovery plans, comparing management’s valuation of collateral to market prices, evaluating the timing and means of realisation of collateral and considering other sources of repayment asserted by management.

128Annual Report 2016

CHAPTER XIII INDEPENDENT AUDITOR’S REPORT

Independent auditor’s report to the shareholders of Bank of Zhengzhou Co., Ltd.(A joint stock company incorporated in the People’s Republic of China (the “PRC”) with limited liability)

OPINION

We have audited the consolidated financial statements of Bank of Zhengzhou Co., Ltd. (the “Bank”) and its subsidiaries (collectively the “Group”) set out on page 133 to 250, which comprise the consolidated statement of financial position as at 31 December 2016, and the consolidated statement of profit or loss and other comprehensive income, consolidated statement of changes in equity and consolidated cash flow statement for the year then ended and notes to the consolidated financial statements, including a summary of significant accounting policies.

In our opinion, the consolidated financial statements give a true and fair view of the consolidated financial position of the Group as at 31 December 2016 and of its consolidated financial performance and its consolidated cash flows for the year then ended in accordance with International Financial Reporting Standards (“IFRSs”) issued by the International Accounting Standards Board (“IASB”) and have been properly prepared in compliance with the disclosure requirements of the Hong Kong Companies Ordinance.

BASIS OF OPINION

We conducted our audit in accordance with Hong Kong Standards on Auditing (“HKSAs”) issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”). Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the consolidated financial statements section of our report. We are independent of the Group in accordance with the HKICPA’s Code of Ethics for Professional Accountants (the “Code”) together with any ethical requirements that are relevant to our audit of the consolidated financial statements in the People’s Republic of China, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

KEY AUDIT MATTERS

Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated financial statements of the current period. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.

Impairment of loans and receivables

Refer to note 19 and 20(3) to the consolidated financial statements and the accounting policies on page 149–152.

The Key Audit Matter How the matter was addressed in our audit

Loans and receivables include both loans and advances to customers and financial investments classified as loans and receivables.

Our audit procedures to assess impairment of loans and receivables included the following:

Impairment of loans and receivables is a subjective area due to the level of judgement applied by management in determining provisions.

• assessing the design, implementation and operating effectiveness of key internal controls over the approval, recording and monitoring of loans and receivables, the credit grading process and the measurement of individual provisions for impairment losses;

127 Bank of Zhengzhou Co., Ltd.

CHAPTER XII INTERNAL CONTROL AND INTERNAL AUDIT (Continued)

The Bank have established a comprehensive internal control assessment system. In effectively segregating duties, the Board, the Supervision Committee and senior management assess the operation and management activities of each level and business line based on their functions: Audit Committee of the Board of Directors instructs the internal audit office to conduct risk-oriented internal audit regularly, enhance audit supervision and assess the internal control based on the result of internal audit; the Supervision Committee keeps improving the supervision mechanism, functions as a special committee and procures the Board and the Management of the Bank to fulfil their internal control responsibilities; the compliance department, risk management department and management departments of each business line supervise the internal control and compliance by daily inspections and ad-hoc inspections, give risk warnings and facilitate the improvement of internal control measures.

During the Reporting Period, we were not aware of significant deficiencies in the design or implementation of the internal control and risk management system. The Bank will further optimise its internal control and risk management system and internal control system, enrich risk management techniques, strengthen the implementation of internal control measures and intensify internal inspections and supervision based on the external environment, its operation, scale, business development and management requirement, to improve its core competitiveness and ensure its sound and sustainable development.

2 INTERNAL AUDIT

In accordance with the requirements of the Guidelines on Internal Audit for Banking Financial Institutions and Guidelines on Internal Control of Commercial Banks, the Bank established an independent and vertical internal audit management system. As an executive body of the internal audit of the Bank, the internal audit office of the Board of Directors works under the specific guidance of the Audit Committee of the Board of Directors. In accordance with regulatory requirements and relevant system requirements, the internal audit office conscientiously performs its duties, regularly reports to the Board of Directors and the Board of Supervisors on the progress of the audit work, and timely submits audit reports and informs senior management.

Adhering to the principle of independence, objectivity and significance, the internal audit department of the Bank established overall planning of internal audit and annual work plan of the Bank, made arrangements for and implemented the audit of various business activities, operations and financial obligations of key staff members of the Bank during their tenure of service; inspected and evaluated the implementation of laws, regulations and rules, and suggested improvements to the management.

During the Reporting Period, the internal audit department of the Bank adhered to the principle of risk-oriented auditing, took the initiative in innovating its work, improved the auditing approach for upgrading the standards and quality of its work, continued to expand audit coverage, efficiently implemented audit work, objectively reflected the business and management of the Bank, and effectively facilitated the improvement of internal control and management mechanism and system of the Bank.

126Annual Report 2016

CHAPTER XII INTERNAL CONTROL AND INTERNAL AUDIT

1. INTERNAL CONTROL

Adhering to the principle of full coverage, checks and balances, prudence and compatibility, the Bank had established an internal control system covering the elements of internal control environment, risk assessment, internal control activities, information and communication, and internal supervision according to laws and regulations including the Company Law of the People’s Republic of China, Commercial Bank Law of the People’s Republic of China, Basic Norms of Corporate Internal Control and the Guidelines on Internal Control of Commercial Banks. The general objective of our internal control system is to establish and improve the corporate governance structure and internal organisation to meet prevailing requirements of the enterprise system and develop scientific mechanism for decision making, implementation and supervision, with an aim to ensure that the Bank’s operation and management objectives can be realised; to establish effective risk control system and enhance risk management so that the Bank can operate in a sound manner; and to create a healthy internal operation environment that helps us to prevent, identify and correct error and frauds in a timely manner, so as to protect the safety and integrity of the Bank’s assets as well as the legal interest of our investors.

We developed a system of three levels, namely by-laws/basic system, administrative measures and practices/plans/rules, that suits our business characteristics in accordance with the Guidelines on Internal Control of Commercial Banks; we set up detailed internal control systems for our business that generally cover all business and management activities including credit business, intermediary business, financial institution, asset management, retail business, operation, e-banking, trade financing, security and safety, human resources, risk management and internal audit, etc. based on the objective, principle and basic requirements of internal control. We constantly adjust and optimise our systems and work flows. During the Reporting Period, we made 68 new supplements and 79 new amendments to our internal control system.

We put emphasis on internal control culture development and spare no effort in creating a sound internal control environment that features with honesty and compliance. The Bank continued to enrich and improve various risk management systems and internal control measures, strengthen overall and ad-hoc risk management, enhance the identification, measurement, control and monitoring of various types of risks (credit risk, market risk, liquidity risk, operational risk and IT risk etc.), attach importance to internal control of credit business, finance and accounting, capital business, intermediary business and connected transactions, improve the scientific and forward-looking management of various types of risks to guarantee the stable operation of management work.

We value the information system and actively facilitate the informatization construction as it is important to the improvement of operation efficiency and the effectiveness of risk management. We established and optimised relevant policies and procedures, specifying work flows in respect of information system R&D, system installation, operation and maintenance, emergency handling, system flow and user authorisation management to prevent IT risk. In addition, we not only keep improving our information communication and reporting system, but also set up specific requirements for information communication, reporting responsibility and procedures and have established a complete information reporting and communication system, to ensure effective information communication within the Bank as well as between the Bank and other parties.

125 Bank of Zhengzhou Co., Ltd.

CHAPTER XI SIGNIFICANT EVENTS (Continued)

12 SIGNIFICANT ACQUISITION AND DISPOSAL OF ASSETS AND MERGERS OF BUSINESSES

12.1 Acquisition of part of equity interests of Xinzheng Jingu County Bank Co., Ltd. （新鄭金穀村鎮銀行股份有限公司）

Xinzheng Jingu County Bank Co., Ltd. （新鄭金穀村鎮銀行股份有限公司） (“Xinzheng County Bank”) was established on July 20, 2010 by Inner Mongolia Hohhot Jingu Rural Commercial Bank Limited Company （內蒙古呼和浩特金穀農村商業銀行股份有限公司） (“Jingu Rural Commercial Bank”) with a registered capital of RMB36 million.

In August 2016, the Bank entered into the Letter of Intent relating to share equity transfer with Jingu Rural Commercial Bank and Xinzheng County Bank, pursuant to which the Bank shall acquire 20% of Xinzheng County Bank in total, representing 7.2 million shares, at the price of RMB2.00 per share. This acquisition has been completed and the approval of Administration for Industry and Commerce of the PRC has been obtained to change the name of Xinzheng County Bank to Xinzheng Zhengyin County Bank Co., Ltd. （新鄭鄭銀村鎮銀行股份有限公司）.

12.2 Acquisition of part of equity interests of Xinmi Zhengyin County Bank Co., Ltd. (新密鄭銀村鎮銀行股份有限公司)

Xinmi Zhengyin County Bank Co., Ltd. (新密鄭銀村鎮銀行股份有限公司 ) (“Xinmi County Bank”) was established on January 28, 2011, with a registered capital of RMB100 million. The Bank as a sponsor contributed RMB20 million, holding 20% shares. Pursuant to 2015 annual audit report of Xinmi County Bank, as of December 31, 2015, net asset per share of Xinmi County Bank was RMB1.23.

In November 2016, the Bank entered into agreements with Zhengzhou Zhongxing Industry Co., Ltd. (鄭州中興實業集團有限公司), Wang Zhen (王珍), Wang Ge (王歌), Wei Hong (魏紅), Chen Yahui (陳亞輝), Li Rongli (李榮麗), Wang Luping (王魯平) and Zhang Yuling (張玉玲), respectively and intended to acquire 31.5% of Xinmi County Bank, representing 31.5 million shares in total, held by them at the price of RMB1.1 per share. Upon completion of share equity transfer, the shareholding percentage of the Bank in Xinmi County Bank will be 51.5%.

13 PROFIT ALLOCATION DURING THE REPORTING PERIOD

At the 2015 Annual General Meeting of the Bank held on June 17, 2016, the Bank considered and approved the 2015 profit distribution plan. Cash dividend of RMB1,064 million (tax inclusive) or RMB2.00 per 10 Share (tax inclusive) was declared to all Shareholders of the Bank. Dividend for 2015 of the Bank was distributed at July 15, 2016.

124Annual Report 2016

CHAPTER XI SIGNIFICANT EVENTS (Continued)

7 PENALTY IMPOSED ON THE BANK AND ITS DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT

During the Reporting Period, the Bank and its Directors, Supervisors and senior management had not been subject to inspection, administrative penalty and criticism of the CSRC, public sanction of the Hong Kong Stock Exchange and penalty imposed by other regulatory bodies which had significant impact on the operation of the Bank.

8 PERFORMANCE OF UNDERTAKINGS OF THE BANK AND SHAREHOLDERS WITH SHAREHOLDING OF 5% OR MORE

During the Reporting Period, there were no undertakings given by the Bank or by Shareholders with shareholding of 5% or more of total issued Shares of the Bank.

9 SIGNIFICANT CONTRACTS AND INFORMATION ON THEIR PERFORMANCE

During the Reporting Period, the Bank had no significant contracts.

10 AUDIT REVIEW

The financial statements for 2016 prepared by the Bank according to the IFRSs has been audited by KPMG, Certified Public Accountants, and the auditor’s reports were unqualified. The 2016 Annual Report of the Bank has been reviewed by the Audit Committee of the Board and the Board of Directors of the Bank.

11 SHARE OPTION SCHEME AND ITS IMPLEMENTATION DURING THE REPORTING PERIOD

During the Reporting Period, the Bank had not implemented any share option scheme.

123 Bank of Zhengzhou Co., Ltd.

CHAPTER XI SIGNIFICANT EVENTS (Continued)

3 ESTABLISHMENT AND THE OPERATION OF THE JIUDING FINANCIAL LEASING COMPANY

The Bank published an announcement on February 17, 2016 regarding the approval by the CBRC on the establishment of the Jiuding Financial Leasing Company, announcing that the establishment of Jiuding Financial Leasing Company, 51% equity interest of which shall be held by the Bank, has been approved by the CBRC. After completion of the establishment work, the Jiuding Financial Leasing Company shall apply to the CBRC Henan Office for operation approval in accordance with relevant regulations and procedures.

The Bank published an announcement on March 23, 2016 regarding the operation approval by the CBRC Henan Office for the Jiuding Financial Leasing Company, announcing that the operation approval for the Jiuding Financial Leasing Company has been granted by the CBRC Henan Office on March 18, 2016. The Jiuding Financial Leasing Company has officially been in operation since March 23, 2016.

The Jiuding Financial Leasing Company is principally engaged in, among others, financial leasing, transfers of subject assets of financial leases, investment businesses in securities with fixed revenues, acceptance of lease deposit from lessee, sales and disposals of leasing projects and economic consulting.

4 OBTAINING B-CLASS LEAD UNDERWRITING QUALIFICATION FOR DEBT FINANCING INSTRUMENTS OF NON-FINANCIAL ENTERPRISES

The Bank published a voluntary announcement on obtaining B-class lead underwriting qualification for debt financing instruments of non-financial enterprises on May 26, 2016 to announce that according to the Announcement on the Market Assessment Result for Participation by Underwriting Members (Local Banks Category) in B-class Lead Underwriting Business of Debt Financing Instruments of Non-financial Enterprises (關於承銷類會員（地方性銀行類）參與非金融企業債務融資工具B類主承銷業務市場評價結果的公告) (the “Announcement”) issued by the National Association of Financial Market Institutional Investors, the Bank obtained B-class lead underwriting qualification for debt financing instruments of non-financial enterprises on May 18, 2016 and became the first city commercial bank in Henan province, the PRC, to obtain lead underwriting qualification for debt financing instruments. The Bank will be able to participate in lead underwriting businesses for debt financing instruments of non-financial enterprises within the territory of Henan province, the PRC, which include short-term financing, medium-term notes, principal-protected notes, ultra short-term financing bonds, asset-backed notes, project revenue notes and perpetual medium-term notes.

5 SIGNIFICANT LITIGATION AND ARBITRATION

During the Reporting Period, there were no litigation and arbitration which had a significant impact on the operating activities of the Bank.

6 SIGNIFICANT RELATED PARTY TRANSACTIONS

During the Reporting Period, there were no significant related party transactions which had an adverse impact on the operating results and financial position of the Bank.

122Annual Report 2016

CHAPTER XI SIGNIFICANT EVENTS

1 ISSUANCE AND LISTING OF SHARES AND USE OF PROCEEDS

The Bank published an announcement on January 15, 2016 regarding the full exercise of the over-allotment option, announcing that the over-allotment option was fully exercised in respect of an aggregate of 198,000,000 H Shares, representing 15% of the offer shares initially available under the global offering before the exercise of the over-allotment option. Those shares were listed on the Hong Kong Stock Exchange on January 20, 2016. In the initial public offering, the Bank and its state-owned shareholders had issued and sold an aggregate of 1,518,000,000 H Shares at an offer price of HK$3.85 per share.

The raised funds from the first issuance of H Shares of the Bank, after deducting the issuance expenses and amounts payable to NSSF, the net sales were RMB4,334,658,452, which were all used to replenish the capital of the Bank and put into operation together with other capital of the Bank, which is in line with the undertaking made in connection with the use of proceeds at the H Shares offering.

2 ISSUANCE AND REPURCHASE OF BONDS

The Bank issued financial bonds in 2013 with aggregate principal of RMB5 billion, divided into two types, namely (1) 3-year term with a fixed interest rate of 4.58%, which has been due on May 20, 2016 and fully redeemed by the Bank, and (2) 5-year term with a fixed interest rate of 4.80% and due on May 20, 2018.

The Bank issued 10-year tier II capital bonds in 2014, with aggregate principal of RMB2 billion and interest rate per annum of 5.73%. Such bonds will be due on December 15, 2024.

The 2015 Annual General Meeting approved that, the Board will authorize the management to, after obtaining the approval from the relevant regulatory authorities, issue green financial bonds with an aggregate amount not exceeding RMB5 billion. For details, please refer to the announcement regarding the proposed authorization of the issuance of green financial bonds published on March 26, 2016, and circular regarding the 2015 Annual General Meeting published on April 29, 2016. Such green financial bonds have been approved by CBRC Henan Branch in August 2, 2016, and are yet to be approved by PBoC.

On the 2014 Annual General Meeting convened on June 18, 2015, the Board authorized the management to, after obtaining the approval from the relevant regulatory authorities, issue tier II capital bonds with principal amount of up to RMB3 billion. Upon approval of 2016 first Extraordinary General Meeting of the Bank convened on September 27, 2016, the issuing size of those bonds has been adjusted to not exceeding RMB5 billion. The issuing of such bonds has been approved by CBRC and PBoC on October 25 and December 2, 2016, respectively, and the Bank duly issued the first tranche of tier II capital bonds in an amount of RMB3 billion in the national interbank bond market on December 19, 2016. The bonds are with fixed rate for a term of 10 years. The Bank shall have a redemption right at the end of the fifth year and the coupon rate is 4.10%. For details please refer to the Announcement on Completion of Issuance of Qualified Tier II Capital Bonds published by the Bank on December 21, 2016.

121 Bank of Zhengzhou Co., Ltd.

CHAPTER X REPORT OF THE BOARD OF SUPERVISORS (Continued)

Compliance with laws and regulations in operations

During the Reporting Period, the operating activities of the Bank in 2016 complied with the requirements of the Company Law, Commercial Banking Law and Articles of Association, and the process of decision making is legitimate and effective. The Directors and senior management are honest, trustworthy and diligent in carrying out their duties. In the course of the Directors and senior management carrying out their duties during the year, no acts in violation of laws and regulations and Articles of Association or detrimental to the interests of the Bank and Shareholders were found.

Truthfulness of financial report

The 2016 annual financial report of the Bank is true and objective, accurately reflecting the financial position and operation results of the Bank.

Related Party Transactions

During the Reporting Period, the prices of the related party transactions were fair and reasonable and no acts detrimental to the interests of the Bank and Shareholders were found by the Board of Supervisors.

Internal Control

During the Reporting Period, the Bank continued to strengthen and improve its internal control system. With the soundness and effectiveness of the system constantly improved, there were no significant defects found in the design and implementation of the internal control system.

Implementation of resolutions of general meetings

During the Reporting Period, the Board of Supervisors had no objections to various reports and proposals submitted to general meetings for consideration. The Board of Supervisors supervised the implementation of resolutions of general meetings and considered the resolutions of general meetings had been diligently implemented by the Board of Directors of the Bank.

120Annual Report 2016

CHAPTER X REPORT OF THE BOARD OF SUPERVISORS

During the Reporting Period, the Board of Supervisors continued to strengthen its capabilities and improve its executing capability pursuant to the Company Law, the Guidelines on Corporate Governance of Commercial Bank and the Articles of Association, and carried out supervision of performance, finance, internal control and risks to facilitate the regulated operation and sound development of corporate governance.

1 MAJOR WORK OF THE BOARD OF SUPERVISORS

During the Reporting Period, the Board of Supervisors successfully completed re-election in accordance with the statutory procedures, enhanced and adjusted its structure, and established the Supervisory Committee and the Nomination Committee pursuant to the law. The Board of Supervisors consists of 9 supervisors, 3 for each of staff Supervisors, shareholder Supervisors and external Supervisors, and each of its committees has 3 members, chaired by an external Supervisor, thus satisfying the regulatory requirements on the composition and proportion of members of Board of Supervisors.

During the Reporting Period, 8 meetings, including 4 on-site meetings and 4 meetings voted via teleconference, were convened by the Board of Supervisors to consider 30 resolutions including business operation, internal control, risk management, corporate governance and the assessment on the performance of duties of the directors and the supervisors, and reviewed 10 reports such as internal audit, connected transactions and quality of assets; and 6 meetings were convened by its special committees to consider reports on performance of duties, financial management, risk management and internal control. In addition, Supervisors attended the general meetings and were in-attendance at all the meetings of the Board, and supervised compliance with the relevant laws and regulations, voting procedures, the directors’ attendance of, opinion expressed on and voting results of the general meetings and board meetings, respectively.

During the Reporting Period, all 3 external supervisors were able to perform their supervisory duties independently. The external supervisors discharged their supervisory duties by attending meetings of the Board of Supervisors, convening special committee meetings of the Board of Supervisors, attending the board meetings, participating in the Board of Supervisors’ investigations and surveys conducted (on a collective or separate basis) at branch level, proactively familiarizing themselves with the operations and management of the Company, and giving opinions and suggestions on significant matters. During the adjournment of the Board of Directors and Board of Supervisors, the external supervisors were able to review various documents and reports of the Company and exchange opinions with the Board of Directors and senior management on any findings in a timely manner, thereby playing an active role in performing their supervisory duties.

2 INDEPENDENT OPINIONS ON RELEVANT MATTERS

Performance of duties by the Board of Directors and Senior Management

During the Reporting Period, the Board of Directors and senior management performed their duties according to the Guidelines on the Corporate Governance of Commercial Banks and Articles of Association. In promoting the listing of the Bank and its major business decisions, they had displayed solidarity, vision, prudence and steady progress, leading the Bank to achieve a new leap. The senior management continued to improve their capability of implementation of strategic decisions, established and finalised various measures, ensuring the completion of various jobs for the whole year.

119 Bank of Zhengzhou Co., Ltd.

CHAPTER IX REPORT OF THE BOARD OF DIRECTORS (Continued)

21 SECURITIES TRANSACTIONS BY DIRECTORS, SUPERVISORS AND RELEVANT EMPLOYEES

The Bank has adopted a code of conduct on terms no less exacting than the required standard in the Model Code for Securities Transactions by Directors of Listed Issuers as set out in Appendix 10 to the Listing Rules as its code governing securities transactions conducted by its Directors and Supervisors and relevant employees. After having made inquiries to all Directors and Supervisors, the Bank confirmed that they had complied with the above code for the Reporting Period. The Bank was not aware that any relevant employee had breached the code.

22 OTHER MATTERS

According to code provision A.1.8, the Bank shall maintain appropriate insurance to cover the potential legal litigations initiated against the Directors of the Bank. In order to comply with such code provision, the Bank has purchased appropriate liability insurance for the Directors and to provide indemnity for their liabilities incurred during the operations of the Bank for the year ended December 31, 2016.

As far as the Board is aware, the Bank has complied in material respects with the relevant laws and regulations that have a significant impact on the business and operation of the Bank.

In the meantime, the Bank is committed to the long term sustainability of the environment and communities in which it operates. Acting in an environmentally responsible manner, the Bank endeavours to comply with laws and regulations regarding environmental protection and adopt effective measures to achieve efficient use of resources, energy saving and waste reduction.

As at the date of this report, the Bank was not aware that any Shareholders had waived or agreed to any arrangement to waive dividends.

As at the date of this report, none of the Directors waived or agreed to any relevant arrangements to waive remuneration.

During the Reporting Period, the Bank had not pledged any significant assets.

During the Reporting Period, there were no significant contracts entered into between the Bank or any of its subsidiaries and a controlling Shareholder or its subsidiaries.

During the Reporting Period, the Bank or any of its subsidiaries had not accepted services provided by a controlling Shareholder or its subsidiaries.

The Bank will publish an environmental, social and governance report for the Reporting Period in compliance with the provisions under the Environmental, Social and Governance Reporting Guide set out in Appendix 27 to the Listing Rules.

By order of the BoardBank of Zhengzhou Co., Ltd.

Wang TianyuChairman

118Annual Report 2016

CHAPTER IX REPORT OF THE BOARD OF DIRECTORS (Continued)

13 ARRANGEMENT TO PURCHASE SHARES OR DEBENTURES

At no time during the Reporting Period was the Bank or any of its subsidiary, a party to any arrangement to enable the Directors and Supervisors of the Bank to acquire benefits by means of the acquisition of shares in, or debentures of, the Bank or any other body corporate.

14 MANAGEMENT CONTRACTS

No management or administration contract in relation to all or substantial parts of the business of the Bank was entered into during the Reporting Period.

15 PURCHASE, SALE OR REPURCHASE OF LISTED SECURITIES OF THE BANK

During the Reporting Period, the Bank and its subsidiary had not purchased, sold or redeemed any listed securities of the Bank.

16 PRE-EMPTIVE RIGHTS

As of December 31, 2016, the Bank does not have provisions in respect of pre-emptive rights in its Articles of Association of the Bank and under the PRC laws.

17 DONATIONS

The Bank made charitable and other donations in an aggregate sum of approximately RMB3.62 million for the year ended December 31, 2016.

18 PUBLIC FLOAT

As at the Latest Practicable Date, according to the information publicly available to the Bank, the Bank has complied with the public float requirements under the Listing Rules.

19 CORPORATE GOVERNANCE

The Bank is committed to maintaining a high standard of corporate governance. Details of corporate governance of the Bank are set out in the “Corporate Governance Report” of this annual report.

20 MAJOR CUSTOMERS

As at the end of the Reporting Period, the balance of the Bank’s loans to any single borrower did not exceed 10% of the Bank’s net capital. The interest income from the five largest customers of the Bank did not exceed 30% of the Bank’s total interest income. None of the Directors of the Bank and their close associates or any Shareholder which to the knowledge of the Directors own more than 5% of the number of issued Shares had any interest in the above five largest customers.

117 Bank of Zhengzhou Co., Ltd.

CHAPTER IX REPORT OF THE BOARD OF DIRECTORS (Continued)

9 REMUNERATION OF THE DIRECTORS AND SUPERVISORS AND RETIREMENT BENEFITS

Details of the remuneration of the Directors and Supervisors of the Bank are set out in Note 9 of the financial statements. Retirement benefits offered by the Bank to employees are set out in Note 32 of the financial statements.

10 SERVICE CONTRACTS OF DIRECTORS AND SUPERVISORS

During the Reporting Period, none of the Directors or Supervisors of the Bank entered into a service contract with the Bank which was not determinable by the Bank within one year without payment of compensation (other than statutory compensation).

11 INTERESTS AND SHORT POSITIONS OF DIRECTORS, SUPERVISORS AND CHIEF EXECUTIVE

Save as disclosed below, as at December 31, 2016, the interests of Directors, Supervisors and President in the shares, underlying shares and debentures of the Bank or its associated corporations (within the meaning of Part XV of the SFO) as recorded in the register required to be kept under Section 352 of the SFO or as otherwise notified to the Bank and the Hong Kong Stock Exchange pursuant to the Model Code for Securities Transactions by Directors of Listed Companies in Appendix 10 to the Listing Rules were set out as follows:

Name Position Class of Shares Nature

Number of Shares held

directly or indirectly

Percentage of the relevant

class of Shares in issue

Percentage of all Shares

in issue (Shares)

(Long position)(%) (%)

Wang Tianyu Director Domestic Shares Beneficial owner 18,928 0.0005 0.0004Zhu Zhihui Supervisor Domestic Shares Interest of controlled corporation 199,046,474 5.23 3.74Duan Ping Supervisor Domestic Shares Beneficial owner 4,000 0.0001 0.00008Zhang Chunge Supervisor Domestic Shares Beneficial owner 14,056 0.0004 0.0003

Save as disclosed above, none of the Directors, senior executive or Supervisors held any interests or short positions in the shares, underlying shares and debentures of the Bank or its associated corporations as at December 31, 2016.

12 MATERIAL INTERESTS OF DIRECTORS AND SUPERVISORS IN TRANSACTIONS, ARRANGEMENTS OR CONTRACTS

For the year ended December 31, 2016, neither the Bank nor its subsidiary entered into any significant transaction, arrangement or contract in which the Directors or Supervisors or entity connected with the Directors or Supervisors directly or indirectly had a material interest.

116Annual Report 2016

CHAPTER IX REPORT OF THE BOARD OF DIRECTORS (Continued)

3 SHARE CAPITAL AND SUBSTANTIAL SHAREHOLDERS

For details of the share capital and substantial Shareholders of the Bank, please refer to “Changes in Share Capital and Information on Shareholders”.

4 USE OF PROCEEDS

For details of issuance and listing of the Shares conducted by the Bank during the Reporting Period and use of proceeds of the Bank, please refer to the “Significant Events”.

5 RESERVES

Details of movements in reserves of the Bank for the year ended December 31, 2016 are set out in the consolidated statement of changes in equity.

6 PROPERTY AND EQUIPMENT

Details of movements in property and equipment of the Bank are set out in Note 23 of the financial statements.

7 CONNECTED TRANSACTIONS

In the ordinary and usual course of business, the Bank offers commercial banking services and products to the public in China, including certain connected persons such as Shareholders, Directors, Supervisors, President and/or their respective associates. Pursuant to the Listing Rules, such transactions, being conducted on normal commercial terms in the ordinary and usual course of the business of the Bank, shall be exempt from reporting, annual review, disclosure and independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules. The Bank has reviewed all its connected transactions and acknowledged that it had complied with the requirements under Chapter 14A of the Listing Rules.

The definition of connected persons under Chapter 14A of the Listing Rules is different from the definition of related parties under International Accounting Standard, and its interpretations by the IASB. Certain related party transactions set out in Note 37 to the financial statements also constitute connected transactions or continuing connected transactions as defined under the Listing Rules, but none of them constitutes any discloseable connected transaction as defined under the Listing Rules.

8 INTERESTS OF DIRECTORS AND SUPERVISORS IN BUSINESS IN COMPETITION WITH THE BANK

Save as those disclosed in this annual report, none of the Directors or Supervisors of the Bank holds any interest in any business which competes or is likely to compete, whether directly or indirectly, with that of the Bank.

115 Bank of Zhengzhou Co., Ltd.

CHAPTER IX REPORT OF THE BOARD OF DIRECTORS (Continued)

2.3 Tax on Dividends

Withholding and payment of enterprise income tax on behalf of overseas non-resident enterprises

Pursuant to the applicable provisions and the implementing regulations of the Enterprise Income Tax Law of the PRC (《中華人民共和國企業所得稅法》), when distributing the final dividend to non-resident enterprise holders of H Shares (including the H Shares registered in the name of HKSCC Nominees Limited), the Bank will withhold and pay enterprise income tax at the rate of 10%.

Withholding and payment of individual income tax on behalf of overseas non-resident individual Shareholders

Pursuant to the applicable provisions and the implementing regulations of the Individual Income Tax Law of the PRC (《中華人民共和國個人所得稅法》) and the Announcement of the State Administration of Taxation on the Administrative Measures on Enjoying Tax Treaty Treatment by Non-resident Taxpayers (Announcement No. 60 [2015] of the State Administrative of Taxation) (“Tax Treaty Announcement”), the Bank will withhold and pay individual income tax for the holders of H Shares according to the following arrangement:

For individual H Shareholders who are Hong Kong or Macau residents or whose country (region) of domicile is a country (region) which has entered into tax treaty with the PRC stipulating a tax rate of 10%, the Bank will withhold and pay individual income tax at the rate of 10% on behalf of these individual H Shareholders when distributing the final dividend;

For individual H Shareholders whose country (region) of domicile is a country (region) which has entered into tax treaty with the PRC stipulating a tax rate of less than 10%, the Bank will temporarily withhold and pay individual income tax at the rate of 10% when distributing the final dividend. If the relevant individual H Shareholders would like to apply for refund of the excess amount of tax withheld and paid, the Bank will handle, on their behalf, applications for tax treatments under the relevant tax treaties according to the Tax Treaty Announcement. Qualified Shareholders are requested to submit in time written authorisation and all application materials as required under the Tax Treaty Announcement to the Bank’s H Share Registrar, Computershare Hong Kong Investor Services Limited. The Bank will then submit the above documents to the competent tax authorities and, after their examination and if and when approved, the Bank will assist in refunding the excess amount of tax withheld and paid;

For individual H Shareholders whose country (region) of domicile is a country (region) which has entered into tax treaty with the PRC stipulating a tax rate of more than 10% but less than 20%, the Bank will withhold and pay individual income tax at the effective tax rate stipulated in the relevant tax treaty on behalf of these individual H Shareholders when distributing the final dividend; and for individual H Shareholders whose country (region) of domicile is a country (region) which has entered into tax treaty with the PRC stipulating a tax rate of 20%, or a country (region) which has not entered into any tax treaties with the PRC, or under any other circumstances, the Bank will withhold and pay individual income tax at the rate of 20% on behalf of these individual H Shareholders when distributing the final dividend.

The Bank will generally follow the above arrangements to withhold and pay individual income tax on behalf of holders of H Shares, but if relevant tax authorities require otherwise, the Bank will follow such requirements for arrangements.

114Annual Report 2016

CHAPTER IX REPORT OF THE BOARD OF DIRECTORS (Continued)

2.2 Dividends

The results of the Bank for the year ended December 31, 2016 and the state of affairs of the Group as at that date are set out in the financial statements and notes thereto in this annual report.

Pursuant to the resolutions passed at the Bank’s 2015 Annual General Meeting, the Bank paid a cash dividend of RMB2.00 (tax inclusive) for every ten Shares of the Bank in an aggregate amount of approximately RMB1,064.39 million (tax inclusive) for the year ended December 31, 2015 to all the Shareholders of the Bank whose names appeared on the register of members on June 28, 2016. Such dividend was denominated in Renminbi.

The Board has proposed the payment of a cash dividend of RMB2.20 (tax inclusive) for every ten Shares of the Bank for the year ended December 31, 2016 in an aggregate amount of approximately RMB1,171 million (tax inclusive) to all the Shareholders of the Bank. Payment of such dividend to the Shareholders is subject to consideration and approval of the dividend distribution plan at the 2016 Annual General Meeting. It is expected that such dividend will be paid on June 15, 2017 (Thursday). In case of any change to the date of distribution, the Bank will publish an announcement in respect of the change.

Such proposed dividend will be denominated in Renminbi. Dividend payable to holders of Domestic Shares shall be paid in Renminbi, whereas dividend payable to holders of H Shares shall be paid in Hong Kong Dollar. The exchange rate of RMB to Hong Kong Dollar to be adopted shall be the average middle rates for the five business days preceding the date of declaration of such dividend at the 2016 Annual General Meeting (i.e. May 19, 2017 (Friday), inclusive) as announced by the PBoC.

The Bank will pay such dividend to holders of Domestic Shares and holders of H Shares whose names appeared on the register of members on May 31, 2017 (Wednesday). The register of members of the Bank will be closed from May 26, 2017 (Friday) to May 31, 2017 (Wednesday) (both days inclusive), during which period no transfer of H Shares will be registered.

In order to be entitled to the final dividend, holders of H Shares of the Bank who have not registered the related transfer documents are required to lodge the transfer documents, together with the relevant share certificates, with the Bank’s H Share Registrar, Computershare Hong Kong Investor Services Limited at Shops 1712–1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong not later than 4:30 p.m. on May 25, 2017 (Thursday).

The cash dividends and ratios of cash dividends to the profit of the Bank for the past three years are as follows:

2015 2014 2013Unit: millions of RMB except percentages

Cash dividend (tax inclusive) 1064.39 709.55 591.29As a percentage of net profit

for the year32% 30% 30%

113 Bank of Zhengzhou Co., Ltd.

CHAPTER IX REPORT OF THE BOARD OF DIRECTORS

Directors of the Bank hereby present the report of the Board of Directors together with the audited financial statements of the Group for the year ended December 31, 2016.

1 PRINCIPAL BUSINESS AND BUSINESS REVIEW

The Bank is primarily engaged in PRC banking and related financial services, including corporate banking, personal banking, treasury operation and other businesses.

Further discussion and analysis of the business review as required by Schedule 5 to the Hong Kong Companies Ordinance, including the key risks and uncertainties faced by the Group and the possible future development plan of the Group’s business, are set out in sections of “Management Discussion and Analysis” and “Directors, Supervisors, Senior Management, Staff and Institutions” of this annual report. Such discussions form an integral part of this “Report of the Board of Directors”.

2 ANNUAL GENERAL MEETING, RESULTS AND DIVIDENDS

2.1 Annual general meeting

The Bank proposes to hold the 2016 Annual General Meeting on May 19, 2017 (Friday). In order to determine the list of Shareholders who are entitled to attend and vote at the 2016 Annual General Meeting, the Bank’s register of members will be closed from April 19, 2017 (Wednesday) to May 19, 2017 (Friday), both days inclusive, during which period no transfer of Shares will be effected. The Shareholders included in the Bank’s register of Shareholders on May 19, 2017 (Friday) shall be entitled to attend and vote at the 2016 Annual General Meeting. In order to be eligible for attending and voting at the 2016 Annual General Meeting, all transfer documents together with relevant share certificates and other appropriate documents shall be sent for registration to the office of the Board of the Bank at 22 Shangwu Waihuan Road, Zhengdong New District, Zhengzhou City, Henan Province, the PRC (for holders of Domestic Shares) or to the H Share Registrar, namely, Computershare Hong Kong Investor Services Limited at Shops 1712–1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong (for holders of H Shares) before 4:30 p.m. on April 18, 2017 (Tuesday).

The Bank will despatch the notice and circular for the 2016 Annual General Meeting in due course.

112Annual Report 2016

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

16 INSIDE INFORMATION MANAGEMENT

The Board of the Bank is responsible for disclosing information of the Bank, which includes enacting standard procedures and methods in relation thereto and reviewing information to be disclosed, and it also assumes liabilities for the truth, accuracy and completeness of the information disclosed. The information disclosure of the Bank is subject to the supervision of regulators and the Bank’s Board of Supervisors. Chairman of the Board is the primary person responsible for implementing the management measures for information disclosure, while the Secretary of the Board is in charge of its execution and the Office of the Board deals with the daily work thereof.

To ensure confidentiality of the Bank’s inside information, safeguard the fairness in information disclosure and protect the legal rights of investors, the Bank enacted the Measures for Information Disclosure Management in Bank of Zhengzhou Co., Ltd. (鄭州銀行股份有限公司信息披露管理辦法 ) based on domestic and overseas laws, regulations and other regulatory documents such as the Company Law of the People’s Republic of China (中華人民共和國公司法), the Securities Law of the People’s Republic of China (中華人民共和國證券法 ), Measures for Information Disclosure Management of Commercial Banks (商業銀行信息披露管理辦法), and the Listing Rules.

The Bank makes information disclosure and manages inside information in strict compliance with the regulatory requirements and specifies the principles, contents, management and procedures for information disclosure in the Measures for Information Disclosure Management in Bank of Zhengzhou Co., Ltd., which also provides for the coverage, insider limits and the security management of inside information as well as punishment for divulging inside information, etc.

During the Reporting Period, the Bank not only stringently complied with the regulatory requirements of domestic and overseas regulators, but also intensified its management rules and enhanced the security measures of its inside information as well as disclosing relevant information timely according to requirements.

17 AMENDMENTS TO THE ARTICLES OF ASSOCIATION

During the Reporting Period, to further satisfy the requirements in corporate governance and regulated operations after listing, the Bank made amendments to the Articles of Association in relation to joint holders of a share and election of external Supervisors with reference to the relevant requirements from Hong Kong Securities Clearing Company Limited and the Work Guidelines on the Board of Supervisors of Commercial Banks (商業銀行監事會工作指引 ). The proposal regarding the amendments to the Articles of Association was considered and approved at the 2015 Annual General Meeting held on June 17, 2016 and has obtained the approval from CBRC Henan Office on August 31, 2016.

During the Reporting Period, to satisfy the requirements in corporate governance after listing of A Shares, the Bank made amendments to the Articles of Association with reference to the actual situation of the Bank in line with the Securities Law of the People’s Republic of China, the Guidelines for the Articles of Association of Listed Companies, CSRC Announcement [2014] No. 47 – the Guidelines for the Articles of Association of Listed Companies (2014 second revision) and other domestic laws, regulations and other regulatory documents. The proposal regarding the amendments to the Articles of Association has been considered and approved at the 2016 first Extraordinary General Meeting held on September 27, 2016, and the approval issued by CBRC Henan Office was received on December 7, 2016. The said Articles of Association will take effect commencing from the listing date of A Shares.

111 Bank of Zhengzhou Co., Ltd.

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

15 RISK MANAGEMENT

15.1 Procedures for identification, assessment and management of material risks

Based on the Regulation Governing Capital of Commercial Banks (Provisional) (商業銀行資本管理辦法(試行)) and its schedules issued by the CBRC, risks and relevant terminology defined by the Basel Committee, practice of the domestic and overseas peers as well as its own situation, the Bank identifies, measures and controls various overall quantitative and non-quantitative risks which may arise from the interaction between business strategies, product portfolios, client demands and the macro-economic environment.

Taking into account the capital occupancy based on risk types, risks of banks determined by regulators and capital regulatory requirements together with results from identifying and assessing risk events, the Bank collects and publishes risk warnings, draws up risk event examples, identifies, collects and assesses risk events and then determines material risks for the purpose of identifying its material risks, which include credit risk, market risk, operational risk, liquidity risk, interest risk in bank accounts, compliance risk, legal risk, reputation risk and strategy risk, and subsequently making assessment and analysis on them with risk measurement approaches and techniques.

15.2 Responsibility of the Board on Risk Management

In accordance with laws and regulations including the Overall Risk Management Guidelines for Commercial Banks (商業銀行全面風險管理指引 ) and the Internal Control Guidelines for Commercial Banks (商業銀行內部控制指引) as well as relevant requirements of the Hong Kong Stock Exchange, the Board of the Bank has formulated the Basic Rules of Overall Risk Management in Bank of Zhengzhou (鄭州銀行全面風險管理基本制度), Measures for Risk Preference Management in Bank of Zhengzhou (鄭州銀行風險偏好管理辦法 ), Measures for Risk Limit Management in Bank of Zhengzhou (鄭州銀行風險限額管理辦法). It not only established and implemented risk management and internal control system, but is also responsible for timely reviewing the effectiveness of such rules and system. The Board of the Bank is of the opinion that the risk management and internal control system established and implemented by the Bank is adequate and effective. The risk management and internal control system of the Bank is designed to manage the risk of failing to meet business targets rather than eliminating such risk, and only provides reasonable but not absolute assurance for not making material misstatement and losses.

110Annual Report 2016

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

13 EXTERNAL AUDITORS AND AUDITORS’ REMUNERATION

Upon consideration and approval at the 2015 Annual General Meeting convened on June 17, 2016, the Bank reappointed KPMG and KPMG Huazhen (Special General Partnership) as the Bank’s international and domestic auditors for 2016, whose term of office would end after the Bank’s 2016 Annual General Meeting.

In 2016, the Bank agreed to pay KPMG Huazhen LLP RMB2.55 million as remuneration for auditing the financial statements for the year. Other remuneration (mainly including fees for reviewing the half-year financial statements) was RMB0.95 million.

14 INTERNAL CONTROL

The Bank had established an internal control system covering the elements of internal control environment, risk identification and assessment, internal control activities, internal supervision and information and communication according to laws and regulations including the Company Law of the People’s Republic of China (中華人民共和國公司法), PRC Banking Supervision and Regulatory Law (中華人民共和國銀行業監督管理法), Commercial Bank Law (商業銀行法), and rules including the Guidelines on Internal Control of Commercial Banks (商業銀行內部控制指引) and Basic Norms of Corporate Internal Control (企業內部控制基本規範). The Board of the Bank is responsible for ensuring the establishment and implementation of adequate and effective internal control system by the Bank. The Board of Supervisors is responsible for supervising the improvement of internal control systems by the Board of Directors and senior management. Senior management is responsible for the building and improvement of internal organization, ensuring the effective performance of various internal control duties.

The Bank continuously optimizes the rules, workflows and IT system of its internal control system, carries out work in relation to internal control regularly such as compliance inspections and assessments and also encourages each functioning department and branch to enhance their risk management and perfect their internal control measures. During the Reporting Period, management of the Bank prepared the 2015 Annual Report on Overall Risk Management in Bank of Zhengzhou Co., Ltd. (鄭州銀行股份有限公司2015年度全面風險管理報告), the 2015 Annual Report on Compliance Management in Bank of Zhengzhou Co., Ltd. (鄭州銀行股份有限公司2015年度合規管理報告) and the 2015 Annual Report on Assessment of the Internal Control and Risk Management System in Bank of Zhengzhou Co., Ltd. (鄭州銀行股份有限公司2015年度內部控制和風險管理系統評價報告) which were submitted to the Board for consideration.

In accordance with laws and regulations including the Company Law of the People’s Republic of China (中華人民共和國公司法), Guidelines on Corporate Governance of Commercial Banks (商業銀行公司治理指引) as well as the Listing Rules of the Hong Kong Stock Exchange, the Board of the Bank made amendments to working rules of its functional organisations such as the Audit Committee, Risk Management Committee and Related Party Transaction Control Committee, to ensure effective supervision on the internal control system operation. During the Reporting Period, the Board of the Bank, after assessing the effectiveness of the Bank’s internal control system operation, was not aware of any material deficiency in the design and implementation of our internal control and risk management system.

109 Bank of Zhengzhou Co., Ltd.

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

12 SHAREHOLDERS’ RIGHTS

12.1 Procedures for Shareholders to Convene an Extraordinary General Meeting

Pursuant to the Articles of Association and the Rules of Procedures of General Meetings of the Bank, a class meeting or extraordinary general meeting shall be convened within two months upon request in writing by Shareholders holding individually or collectively 10% or more of the voting Shares of the Bank (the “Requesting Shareholders”).

General meetings shall be convened by the Board. If the Board of Directors or the Board of Supervisors are unable to or unwilling to fulfil their duties in convening a general meeting, Shareholders individually or collectively holding 10% or more of the Bank’s Shares for ninety consecutive days or more (the “Convening Shareholders”) may convene and preside over the meeting on a unilateral basis.

The proposal to the Board of Directors for the convening of a general meeting shall be made in writing. The Board of Directors shall, in accordance with the laws, administrative regulations and the Articles of Association of the Bank, furnish a written reply stating its agreement or disagreement to the convening of the meeting within ten days after receiving such proposal.

In the event that the Board of Directors agrees to convene a meeting, the notice of meeting shall be issued within five days after the passing of the relevant resolution of the Board of Directors. Any changes to the original proposal made in the notice require prior approval of the Shareholders concerned.

If the Board of Directors does not agree to convene a meeting or does not furnish any reply within ten days after receiving such proposal, Shareholders individually or collectively holding 10% or more of the Bank’s Shares shall have the right to propose to the Board of Supervisors for the convening of such meeting, provided that such proposal shall be made in writing.

In the event that the Board of Supervisors agrees to convene the meeting, the notice of meeting shall be issued within five days after receiving such request. Any changes to the original proposal made in the notice shall require prior approval of the Shareholders concerned.

Failure of the Board of Supervisors to issue the notice of meeting shall be deemed as failure of the Board of Supervisors to convene and preside over it, and Shareholders individually or collectively holding 10% or more of the Bank’s Shares for ninety consecutive days or more may convene and preside over the meeting on a unilateral basis.

12.2 Procedures for Putting Forward Proposals at General Meeting

Shareholders collectively holding 3% or more of the voting Shares (the “Proposing Shareholders”) have the right to put forward proposals in writing to the Bank. The Proposing Shareholders may submit provisional proposals in writing to the convener ten days before the general meeting is convened. The convener shall issue a supplementary notice of the general meeting within two days after receiving the provisional proposals.

108Annual Report 2016

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

10 JOINT COMPANY SECRETARIES UNDER THE LISTING RULES

Mr. FU Chunqiao and Ms. LEUNG Wing Han Sharon, vice president of SW Corporate Services Group Limited, have been appointed by the Bank as its joint company secretaries. Ms. Leung’s main contact person at the Bank is Mr. FU Chunqiao, another joint company secretary. For the year ended December 31, 2016, both of Ms. LEUNG Wing Han Sharon and Mr. FU Chunqiao have received not less than 15 hours of relevant professional trainings in accordance with the requirement under Rule 3.29 of the Listing Rules.

11 COMMUNICATION WITH SHAREHOLDERS

Investors Relationship

The Bank attaches importance to communication with Shareholders, and seeks to improve mutual understanding and communication with Shareholders through various channels including general meeting, roadshows and press conference and enhance communication with Shareholders via the official website, e-mail and telephone.

For enquiries to the Board, investors may contact: The Office of Board of Directors of Bank of Zhengzhou Co., Ltd.Address: 22 Shangwu Waihuan Road, Zhengdong New District, Zhengzhou City, Henan, PRCTel: +86–371–67009199 Fax: +86–371–67009898Email: ir@zzbank.cn

Information Disclosure

The Board of Directors and senior management place great importance to information disclosure. They rely on good corporate governance and internal controls to ensure investors obtain information in a timely, accurate and fair manner.

In accordance with the requirements of the Listing Rules and Measures for the Information Disclosure of Commercial Banks, the Bank continuously improved the timeliness, accuracy and completeness of the information to be disclosed. During the Reporting Period, the full version of the annual reports in both English and Chinese is available on the website of the Bank. Meanwhile, the Chinese and English versions of the annual report are available for review by the investors and stakeholders in Board of Director’s office of the Bank.

107 Bank of Zhengzhou Co., Ltd.

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

• monitoring and reviewing the operation strategy, risk management and internal control of the Bank; and

• any other matters authorized by the Board of Supervisors. The Supervision Committee of the Board of Supervisors may conduct investigation on special affairs of the Bank, and the results of investigation shall be reported to both of the Board of Supervisors and the Board of Directors.

During the Reporting Period, the Supervision Committee of the Board of Supervisors held a total of 4 meetings, at which the resolutions in relation to the “2015 Profit Distribution Plan of Bank of Zhengzhou Co., Ltd.” and the “2017 Work Plan of the Supervision Committee of the Fifth Session of the Board of Supervisors”were considered and approved.

8 FINANCIAL, BUSINESS AND FAMILY RELATIONSHIP AMONG DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT

The Directors, Supervisors and senior management of the Bank do not have any relationship, including financial, business, family and other material relations.

9 TRAINING AND RESEARCH OF DIRECTORS AND SUPERVISORS DURING THE REPORTING PERIOD

Training and Research of Directors:

All the Directors have attended the training and seminar with respect to the condition of A-share market and the relevant laws and regulations as given by China Merchants Securities and the training and seminar with respect to the Directors’ responsibilities before and after listing in A-share market and relevant laws as provided by King & Wood Mallesons Beijing.

During the Reporting Period, the Board conducted a research on Guilin Bank in which part of our Directors participated.

Training and Research of Supervisors:

During the Reporting Period, the Board of Supervisors conducted research work in certain subsidiaries of Bank of Zhengzhou such as Zhongmou Zhengyin Country Bank and Jiuding Financial Leasing Company. During the research process, supervisors had in-depth discussions with the executives and employees of those subsidiaries.

During the Reporting Period, our supervisor of employees, supervisor of shareholder and external supervisors attended to the training provided by China Merchants Securities and King & Wood Mallesons Beijing in respect of the corporate governance after listing on A-share market in order to have a better understanding on the requirements on the governance of a listed company.

106Annual Report 2016

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

7.2 Operation of Special Committees of the Board of Supervisors

Special Committees ofNo. the Board of Supervisors Chairman Members

1 Nomination Committee LIU Yuhui ZHU Zhihui, DUAN Ping2 Supervision Committee TANG Yunwei MENG Jun, ZHANG Chunge

The Nomination Committee under the Board of Supervisors

Primary duties of the Nomination Committee include:

• formulating the selection procedures and standards of Supervisors, preliminarily reviewing the qualifications of candidates for Supervisors and making recommendations to the Board of Supervisors; supervising the process of election and appointment of Directors;

• conducting overall assessment on the performance of duties by the Directors, Supervisors and senior management and submitting reports to the Board of Supervisors;

• supervising the scientificalness and reasonableness of the remuneration management system and policies of the whole Bank and the remuneration package for its senior management members; and

• any other matters authorized by the Board of Supervisors.

In 2016, the Nomination Committee under the Board of Supervisors held a total of 2 meetings to consider and approve the resolutions in relation to the “Assessment Report on the Performance of the Board of Bank of Zhengzhou in 2015” and the “Assessment Report on the Performance of Duties by Directors and Independent Directors in 2015”, and to consider the “2017 Work Plan of the Nomination Committee of the Fifth Session of the Board of Supervisors of Bank of Zhengzhou”.

Supervision Committee under the Board of Supervisors

The primary duties of the Supervision Committee include:

• formulating plans for supervision of financial activities of the Bank and implementing relevant inspection;

• supervising the Board of Directors to adopt prudent business philosophy and value standards and formulating development strategies in line with the actual situations of the Bank;

105 Bank of Zhengzhou Co., Ltd.

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

7.1 Meetings of the Board of Supervisors and Attendance of Supervisors

During the Reporting Period, the Board of Supervisors held a total of 8 meetings, with 2 Nomination Committee meetings and 4 Supervision Committee meetings to review and supervise the financial position, significant credit grants, internal control compliance, risk control and internal audit as well as performance of duty and compliance of laws and regulations by the Directors, senior management and senior officers of the Bank.

Attendance of Supervisors at Supervisor Meetings During the Reporting Period

Required Attendance AttendanceName attendance in person by proxy

ZHAO Lijuan 5 5 –

TANG Yunwei 8 7 1

LIU Yuhui 8 6 2

XU Changsheng 5 5 –

MENG Jun 8 7 1

ZHU Zhihui 8 6 2

DUAN Ping 8 8 –

ZHANG Chunge 8 8 –

CUI Huarui 8 8 –

Attendance at General Meetings During the Reporting Period

During the Reporting Period, all Supervisors attended the Annual General Meeting and Extraordinary General Meetings and supervised the legal compliance of the procedures of meetings and the voting process on-site.

Attendance at the Meetings of the Board and the Senior Management During the Reporting Period

During the Reporting Period, the Supervisors attended physical meetings of the Board of Directors, and supervised legal compliance of the meetings and procedures of voting as well as the attendance, speech and voting of Directors. The Board of Supervisors also sent representatives to attend the relevant meetings of the senior management and supervised the execution of resolutions of the Board of Directors by the senior management and the business conducted by the senior management according to the Articles of Association and the authorization by the Board of Directors.

104Annual Report 2016

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

• to audit the business decision-making, risk management and internal control of the Bank, if necessary;

• to propose dismissal or initiate legal proceedings against Directors or senior management personnel who violate laws, administrative regulations, the Articles of Association or resolutions of the general meeting;

• to propose to convene an extraordinary general meeting and convene and preside over the general meeting in the event that the Board has failed to fulfil its duty stipulated by the Company Law to convene and preside over the general meeting;

• to make proposals to the general meeting;

• to propose to convene an interim Board meeting;

• to examine financial information such as financial reports, business reports and profit distribution plans proposed to be submitted to the general meeting by the Board, to conduct investigations if there are any doubts or irregularities in relation to the operation of the Bank, and to engage professionals from accountant firms or law firms etc. if necessary to assist its duties at the expenses of the Bank;

• to make proposals regarding the remuneration (or allowance) of the Supervisors; and

• to exercise any other functions and powers conferred by applicable laws, administrative regulations, departmental rules, regulatory documents and the Article of Association of the Bank, and authorized by the general meetings.

Operating Model of the Board of Supervisors of the Bank

This includes convening regular Supervisor meetings, attending general meetings, to be in-attendance at the Board meetings and certain Board committee meetings, to be in-attendance at the relevant meetings of the senior management, reviewing various documents and materials from the senior management, receiving the work report and project report of the senior management, evaluating the annual performance of Directors and the senior management, facilitating communications with Directors and the senior management, conducting exit audits of our executive Directors and the senior management, conducting investigation and research on branch institutions, carrying out a variety of special investigations, etc. Through the above work, the Board of Supervisors monitors and evaluates our operation and management, risk management and internal control, as well as the performance of Directors and the senior management.

During the Reporting Period, the Board of Supervisors supervised the 2015 annual performance of the Board of Directors, Directors, the senior management and Supervisors of the Bank, and gave feedback to the Board of Directors and the senior management.

103 Bank of Zhengzhou Co., Ltd.

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

7 BOARD OF SUPERVISORS

The Board of Supervisors, as the supervisory body of the Bank, aims to protect the legitimate rights of the Bank, Shareholders, staff, depositors and other stakeholders. It is responsible for supervising the accounting activities, risk management, internal control and the performance of the Board, Directors, senior management and its members. It is accountable to the general meeting.

Composition of the Board of Supervisors

Our Board of Supervisors currently consists of nine Supervisors, three for each of shareholder Supervisors, employee Supervisors and external Supervisors. The structure of our Board of Supervisors is reasonable, and is sufficiently professional and independent to ensure the effective performance of its supervisory role.

During the Reporting Period, the Board of Supervisors fulfilled its duties diligently, supervised the legal compliance of performance of duties by Directors and the senior management. They also performed audit on the executive Directors and the senior management as required. They audited and supervised the financial activities, risk management and internal control and investigated any abnormal operating activities of the Bank.

Responsibilities and Operating Model of the Board of Supervisors

The primary duties of our Board of Supervisors include

• to examine the regular reports of the Bank compiled by the Board of Directors and submit its opinion of examination in writing;

• to supervise the performance by and due diligence of the Board and senior management personnel of their duties;

• to query the Directors, the Board and senior management;

• to conduct exit audits towards Directors and senior management when necessary;

• to require Directors and senior management personnel to rectify their acts which are detrimental to the interest of the Bank;

• to inspect and supervise financial activities of the Bank;

102Annual Report 2016

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

6 MANAGEMENT

The management, as the executive body of the Bank, is accountable to the Board and supervised by the Board of Supervisors. The division of authority between the management and the Board is implemented in accordance with the Articles of Association and other corporate governance documents of the Bank.

The Bank has one president and several vice presidents appointed or dismissed by the Board of Directors. The president shall be accountable to the Board of Directors. The president shall perform the following duties and powers:

• to take charge of the operation and management of the Bank, to organize the implementation of the resolutions of the Board of Directors and to report the work to the Board of Directors;

• to submit annual business plans and investment proposals to the Board of Directors and to organize the implementation upon approval by the Board of Directors;

• to draft proposals on the establishment of the Bank’s internal management entities;

• to draft the Bank’s basic management system;

• to formulate the Bank’s specific regulations;

• to propose to the Board of Directors to appoint or dismiss the vice presidents, assistant to the president, finance chief and other senior management personnel;

• to determine to appoint or dismiss persons in charge of the internal departments and branches of the Bank other than those to be appointed or dismissed by the Board of Directors; and to determine their salaries, benefits and reward or punishment according to the remuneration reward and punishment scheme fixed by the Board of Directors;

• to authorize senior management personnel of the Bank and persons in charge of internal departments and branches to conduct operational activities;

• to decide on the appointment and dismissal of the Bank’s staff, and on matters relating to wages, benefits, reward and punishment;

• to adopt emergency measures when any material emergency arises and promptly report them to the banking regulatory and administrative authorities under State Council, the Board of Directors and the Board of Supervisors; and

• other powers and rights conferred by applicable laws, administrative regulations, departmental rules, regulatory documents, the regulations of the relevant regulatory authorities, the Articles and by the Board of Directors.

101 Bank of Zhengzhou Co., Ltd.

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

• making recommendations on employment conditions for other positions of the Bank by taking into consideration remuneration of similar company, time requested and responsibilities;

• reviewing and approving any compensations payable to executive Directors and senior management for their losses or terminations of office or appointments to ensure that such compensations are consistent with contractual terms; and are otherwise fair and not excessive;

• reviewing and approving compensation arrangements relating to dismissal or removal of any Director for his or her misconduct to ensure that such arrangements are consistent with contractual terms; and are otherwise reasonable and appropriate;

• reviewing duty performance of the Directors and senior management and making annual performance assessment on them;

• ensuring that neither any director nor any of his or her associates (as defined in the Listing Rules) is involved in deciding his or her own remuneration; and

• other duties required in the laws, administrative regulations, department rules or the Listing Rules and authorised by the Directors.

During the Reporting Period, the Remuneration and Assessment Committee held a total of 4 meetings, at which the resolutions in relation to the Administrative Measures on Remuneration and Performance of senior management of the Bank, remuneration standards of Non-executive directors and independent non-executive directors of the Board, implementing rules of performance appraisal on senior management of the Bank and the 2015 annual work report of the Remuneration and Assessment Committee were considered and approved.

5.7 Corporate Governance Functions

The Board is responsible for establishing sound corporate governance practices and procedures of the Bank. During the Reporting Period, the Board had performed the following duties within its terms of reference:

• formulated and reviewed the Bank’s corporate governance policies and practices, and made recommendations;

• reviewed and monitored the training and continuous professional development of Directors and senior management;

• reviewed and monitored the Bank’s policies and practices in respect of compliance with laws and regulatory requirements;

• formulated, reviewed and monitored the codes of conduct for Directors and employees; and

• reviewed compliance with the Corporate Governance Code and the disclosures in the Corporate Governance Report of the Bank.

100Annual Report 2016

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

• identifying extensively qualified candidates for Directors and senior management, formulating training plan for senior management and key talent reserves and making recommendations to the Board;

• assessing the independence of independent non-executive Directors;

• making recommendations to the Board on the appointment or re-appointment of Directors and succession planning for Directors, in particular the Chairman and the President; and

• other duties required in the laws, administrative regulations, department rules or the Listing Rules and authorised by the Directors.

During the Reporting Period, the Nomination Committee held a total of 4 meetings, at which the resolutions regarding the nominations of Mr. YU Zhanglin, Mr. MA Jinwei, and Mr. FENG Tao as a candidate for director, member of the Risk Management Committee of the Board and candidate for director respectively and the 2015 annual work report of the Nomination Committee were considered and approved.

5.6 Remuneration and Assessment Committee

The Remuneration and Assessment Committee consists of one non-executive Director (Mr. ZHANG Jingguo) and two independent non-executive Directors (Mr. WANG Shihao and Mr. LI Huaizhen). The Remuneration and Assessment Committee is chaired by independent non-executive Director Mr. LI Huaizhen.

The primary duties of the Remuneration and Assessment Committee include:

• reviewing remuneration management system and policies of the Bank;

• studying the criteria for appraising Directors and senior management, conducting the appraisal and making proposals;

• making proposals to the Board in relation to remuneration policies and structure applying to Directors and senior management of the Bank, and establishment of formal and transparent procedures for formulating such remuneration policies, and supervising and modifying the execution of remuneration procedures of the Bank; The Remuneration Committee shall consult with the Chairman or the President of the Bank in respect of the proposed remunerations for other executive Directors and senior management;

• reviewing and approving the management’s remuneration proposals with reference to the corporate goals and objectives established by the Board;

• making recommendations to the Board on the remuneration packages of individual executive Directors and senior management members;

• making recommendations to the Board on the remuneration of non-executive Directors;

99 Bank of Zhengzhou Co., Ltd.

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

• overseeing and reviewing the construction of the Bank’s internal control system, organizing self-evaluations of internal control status in the Bank and reviewing the evaluation report on the Bank’s internal control;

• ensuring the Bank has adequate arrangements for employees to anonymously raise concerns on any irregularities which may occur in the Bank’s financial reporting, internal control and other aspects and for the Bank to conduct a fair and independent investigation and take appropriate action on such matters; and

• studying the significant investigation results of risk management and internal control issues and feedback of the management on the investigation results proactively or under the instruction of the Board of Directors.

• studying other duties as defined by the Board; and

• other matters as required by laws, regulations, department rules, regulatory documents, Listing Rules and the Articles of Associations as well as those authorized by the Board of Directors.

During the Reporting Period, the Audit Committee held a total of 4 meetings to consider and approve the resolutions in relation to the 2015 Working Report and the 2016 Working Plan of the Audit Committee of the Board, amendments to Internal Audit Regulations and working rules for the Audit Committee of the Board.

5.5 Nomination Committee

The Nomination Committee of the Bank consists of one non-executive Director (Mr. FAN Yutao) and two independent non-executive Directors (Mr. WU Ge and Ms. CHAN Mei Bo Mabel). The Nomination Committee is chaired by independent non-executive Director Ms. CHAN Mei Bo Mabel.

The primary duties of the Nomination Committee include:

• reviewing the structure, size and composition (including skills, knowledge and experience) of the Board of Directors and the management every year according to the operations, management, asset scale and equity structure of the Bank, and providing suggestions to possible changes of the Board of Directors based on the strategy of the Bank;

• formulating the criteria and procedures for selecting Directors and members of senior management, and providing suggestions to the Board;

• conducting the preliminary examination of qualifications of candidates for Directors and senior management, and making recommendations to the Board;

98Annual Report 2016

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

• relationship with the external auditors of the Bank:

• making recommendations to the Board of Directors on the appointment, reappointment or removal of the external audit agency, reviewing the fees and terms of engagement of the external audit agency, and handling any matters relating to its resignation or dismissal;

• reviewing and monitoring the external audit agency’s independence and objectivity and the effectiveness of the audit process in accordance with applicable standards; discussing with the external auditors on the nature and scope of the audit and reporting obligations before the audit commences;

• developing and implementing policies on the engagement of an external auditor to provide non-audit services;

• reviewing the Audit Results Letter presented by an external audit agency to the management, as well as any material queries raised by the audit agency to the management about accounting records, financial accounts or monitoring systems, and the management’s response;

• ensuring that the Board will provide a timely response to the issues raised in the Audit Results Letter; and

• acting as the key representative body for overseeing the Bank’s relations with the external audit agency and being responsible for the communications between internal and external auditors to ensure that internal and external audit work has been coordinated.

• being responsible of the Bank’s annual audit and overseeing the senior management to rectify the issues raised in the audit and implement audit recommendations;

• being responsible of reviewing and approving the Bank’s internal audit system and supervising its implementation, reviewing, evaluating and reporting to the Board of Directors on the internal audit on a regular basis, and ensuring that the internal audit department has sufficient resources for operation and proper status; reviewing and monitoring the effectiveness of internal audit;

• examining the Bank’s financial reporting system, risk management and internal control system and their implementation:

• reviewing and monitoring financial control, and reviewing risk management (except where there is a risk management committee separately set up under the Board or where the Board will unequivocally handle it by itself) and internal control systems of the Bank, reviewing relevant rules and regulations and their implementation, and examining and evaluating the compliance and effectiveness of major business activities of the Bank;

• discussing the risk management and internal control system with the management and continuously examining and supervising whether the management has performed its duties and has an effective system in place. The discussion shall include the adequacy of resources, qualification and experience of employees, training of employees and the relevant budget, in terms of accounting and financial reporting of the Bank;

97 Bank of Zhengzhou Co., Ltd.

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

5.4 Audit Committee

The Audit Committee of the Bank consists of one non-executive Director (Mr. JI Hongjun) and two independent non-executive Directors (Mr. XIE Taifeng and Ms. CHAN Mei Bo Mabel). The Audit Committee is chaired by independent non-executive Director Mr. XIE Taifeng.

The primary duties of the Audit Committee include:

• reviewing the risks and compliance status, internal control management system, accounting policies, auditing basic management procedures, financial reporting procedures and financial position of the Bank; auditing the financial information of the Bank, including the integrity of our financial statements and annual report and accounts, interim report and (if prepared for publication) quarterly reports; and reviewing important comments on financial reporting contained in such statements and reports. In this regard, in reviewing the relevant statements and reports before submission to the Board, the committee shall focus particularly on:

• any changes in the accounting policies and practices;

• major judgmental areas;

• significant adjustments resulting from audit;

• the going concern assumptions and any qualifications;

• compliance with accounting standards; and

• compliance with the Listing Rules and other legal or regulatory requirements in relation to financial reporting.

• liaising with the Board and senior management with regard to the aforesaid matters, and must meet, at least twice a year, with the external auditors of the Bank. The committee shall consider any significant or unusual items that are, or may need to be, reflected in such reports and accounts and shall give due consideration to any matters that have been raised by the Bank’s staff responsible for the accounting and financial reporting function, compliance officer (if any) or external auditors;

96Annual Report 2016

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

5.3 Related Party Transactions Control Committee

The Related Party Transactions Control Committee of the Bank consists of one non-executive Director (Mr. YU Zhanglin) and two independent non-executive Directors (Mr. WU Ge and Mr. XIE Taifeng). The Related Party Transactions Control Committee is chaired by independent non-executive Director Mr. WU Ge.

The primary duties of the Related Party Transactions Control Committee include:

• being responsible for the management, review and approval, as authorized by the Board of Directors, of related party transactions, and controlling the risk of related party transactions;

• formulating rules and the control framework relating to related party transactions of the Bank;

• identifying related parties and connected parties and reporting them to the Board of Directors and the Board of Supervisors, and providing the list of related parties of the Bank to relevant staff;

• accepting the filing of general related party transactions;

• reviewing and supervising the control of related party transactions of the Bank, the implementation of related party transaction control by our Directors, senior management and related personnel, and reporting to the Board of Directors;

• reviewing material related transactions and subsequently submit the same to the Board of Directors for approval, and report to the Board of Supervisors as well as the banking regulatory authorities within ten days from the date of approval by the Board of Directors; reporting to the Board of Supervisors about the related party transactions that are related with the Directors and senior management personnel of the Bank within ten working days from date of approval; and

• other matters as required by laws, administrative regulations, department rules, regulatory documents, Listing Rules and the Articles of Associations, the management policies on related party transactions of the Bank as well as those authorized by the Board of Directors.

During the Reporting Period, the Related Party Transaction Control Committee held a total of 10 meetings, at which it considered the resolutions in relation to business cooperation with related parties which satisfy relevant policy requirements.

95 Bank of Zhengzhou Co., Ltd.

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

• examining and supervising the risk management work carried out by the senior management in all aspects;

• conducting surveys and evaluations on risk policies, management status and risk tolerance levels of the Bank on a regular basis, and reporting to the Board of Directors;

• providing recommendations on improving risk management and internal control of the Bank;

• formulating authorization management scheme of the Bank and reporting to the Board of Directors for approval;

• being responsible for anti-money laundering duties of the Bank, and organizing and guiding anti-money laundering according to the authorization of the Board of Directors, and assuming responsibility to the Board of Directors; supervising and instructing the anti-money laundering leading team of the Bank; discussing the significant matters related to anti-money laundering and reviewing anti-money laundering work report; assuming authorization and responsibility for the decision-making and treatment of anti-money laundering related significant or sensitive matters;

• being responsible for compliance management of the Bank, organizing and guiding swindle prevention control according to the authorization of the Board of Directors, and assuming responsibility to the Board of Directors;

• preparing overall swindle prevention control policy, promoting and forming swindle prevention control management system; clarifying responsibilities and authorities of the senior management in swindle prevention control; ensuring that necessary measures have been taken by the senior management for effective monitoring, early warning and treatment of risks; proposing overall requirements for swindle prevention control, and reviewing swindle prevention control report; assessing and evaluating effectiveness of swindle prevention control of the Bank; ensuring effective review and supervision of internal audit department to swindle prevention control;

• discussing risk management and internal control system with the management, ensuring that the management has fulfilled its responsibility to establish an effective system. The discussion should cover whether the Bank maintains sufficient resource, staff qualification and experience in accounting, internal auditing and financial reporting function and whether it has sufficient staff training and budget in place; and

• taking the initiative or as designated by the Board to review key findings of risk management and internal control as well as the management’s response in this regard.

During the Reporting Period, the Risk Management Committee held a total of 4 meetings to consider and approve the resolutions in relation to the authorization by the Board, the annual comprehensive risk management report and the annual compliance management report.

94Annual Report 2016

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

5.1 Strategic Development Committee

The Strategic Development Committee of the Bank currently consisted of three executive Directors (Mr. WANG Tianyu, Mr. SHEN Xueqing and Mr. FENG Tao). The Strategic Development Committee is chaired by executive Director Mr. WANG Tianyu.

The primary duties of the Strategic Development Committee include:

• setting business and management objectives and long-term development strategy for the Bank;

• supervising and checking the implementation of annual business plans and investment plans;

• communicating regularly with the senior management and head of departments in relation to the operations and risks of the Bank, and providing advice and suggestion; and

• other matters authorised by the Board.

During the Reporting Period, the Strategic Development Committee held a total of 2 meetings, in which they focused on the planning and construction of consumer finance companies and county banks of the Bank and continued to push forward integrated operation of the Bank. Resolutions regarding key strategic development of the Bank including the establishment of Jiuding Consumer Finance Co., Ltd （九鼎消費金融有限公司） and Queshan, Xunxian Zhengyin County Bank （確山、浚縣鄭銀村鎮銀行） were considered and approved.

5.2 Risk Management Committee

The Risk Management Committee of the Bank consists of two non-executive Directors and one independent non-executive Director. The two non-executive Directors are Mr. LIANG Songwei and Mr. MA Jinwei. The Risk Management Committee is chaired by the independent non-executive Director Mr. WANG Shihao.

The primary duties of the Risk Management Committee include:

• controlling, managing, monitoring and assessing risks of the Bank;

• reviewing risk control principles, objectives and policies of the Bank, and reporting them to the Board of Directors for deliberation and approval;

• reviewing risk management measures of the Bank and risk management related issues of the Bank;

• discussing significant risk management issues that need to be reported to the Board of Directors for deliberation;

93 Bank of Zhengzhou Co., Ltd.

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

(5) Strategic Development Committee held 2 meetings during the Reporting Period, while FENG Tao did not start performing his duties as his qualification was not approved;

(6) During the Reporting Period, YU Zhanglin was elected as a member of the Related Party Transaction Control Committee under the Board in the 2016 second extraordinary meeting of the Board of the Bank held on June 17, 2016. He started performing his duty after his qualification was approved on August 4, 2016, and was required to attend 6 meetings of the Related Party Transaction Control Committee under the Board, while his actual attendance was 6 times.

(7) During the Reporting Period, MA Jinwei was elected as a member of the Risk Management Committee under the Board in the fifth meeting of the fifth session of the Board of the Bank held on March 26, 2016, and after being elected, he was required to attend 2 meetings of the Risk Management Committee under the Board, while his actual attendance of was 2 times. Meanwhile, YU Zhanglin was elected as a member of the Related Party Transaction Control Committee under the Board and before taking his office, he had been a member of Related Party Transaction Control Committee under the Board. He was required to attend 4 meetings of the Related Party Transaction Control Committee under the Board, while his actual attendance was 4 times.

4.6 Performance of Duties of Independent Non-executive Directors

At present, the Board of the Bank consists of 5 independent non-executive Directors and the qualification, number and percentage of independent non-executive Directors satisfy the relevant requirements of CBRC, CSRC and the Listing Rules. The 5 independent non-executive Directors of the Bank are not involved in any conflict with the independence issue described in the Rule 3.13 of the Listing Rules. The independent non-executive Directors account for the majority seats and act as chairmen in the Bank’s Risk Management Committee, the Related Party Transactions Control Committee, the Audit Committee, the Nomination Committee and Remuneration and Assessment Committee of the Board.

During the Reporting Period, the independent non-executive Directors of the Bank maintained communication with the Bank through attending meetings, discussions, training and other channels. They invested their earnest in the participations of the Board and the Board committees, actively expressing themselves as well as attaching importance to safeguarding the interests of depositors and minority shareholders. The independent non-executive Directors have fully discharged their responsibilities.

During the Reporting Period, the independent non-executive Directors of the Bank issued independent opinions on material matters including profit distribution, information disclosure, appointment of accounting firm, significant related party transactions of the Bank. They have not raised any objections to the resolutions passed at the Board meetings or other meetings during the year.

5 THE BOARD COMMITTEES

The Board of the Bank established 6 committees in accordance with relevant PRC laws and regulations, the Bank’s Articles of Association as well as the Listing Rules, namely, the Strategic Development Committee, the Risk Management Committee, the Related Party Transactions Control Committee, the Audit Committee, the Nomination Committee and the Remuneration and Assessment Committee.

During the Reporting Period, the special committees of the Board exercised their duties in an independent, regulated and effective manner in accordance with the law. They held 28 meetings in the year to consider and approve 49 proposals, which effectively enhanced the corporate governance standards of the Bank, improved work efficiency and ensured sustainable and sound development of businesses of the Bank.

92Annual Report 2016

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

Directors’ Attendance

Special Committees of the Board

Director

2015 Annual

General

Meeting

2016 First

Extraordinary

General

Meeting

Board of

Directors

Strategic

Development

Committee

Risk

Management

Committee

Related Party

Transaction

Control

Committee

Audit

Committee

Nomination

Committee

Remuneration

and

Assessment

Committee

Actual/required attendance (times) (4)

Executive Directors WANG Tianyu ✓ 10/11 (1) 2/2

SHEN Xueqing ✓ 9/11 (1) 2/2

FENG Tao (3) ✓ 5/5 (2) 0/2 (5)

Non-executive Directors FAN Yutao ✓ ✓ 11/11 4/4

ZHANG Jingguo ✓ 10/11 (1) 4/4

MA Jinwei ✓ ✓ 10/11 (1) 2/4 (7) 4/10 (7）

LIANG Songwei 7/11 (1) 4/4

JI Hongjun ✓ ✓ 11/11 4/4

YU Zhanglin (3) ✓ 4/5 (1) (2) 6/10 (6)

Independent Non-executive

Directors

WANG Shihao 9/11 (1) 4/4 4/4

LI Huaizhen 9/11 (1) 4/4

XIE Taifeng ✓ 11/11 10/10 4/4

WU Ge 10/11 (1) 10/10 4/4

CHAN Mei Bo Mabel ✓ 11/11 4/4 4/4

Notes:

(1) The actual attendance being lower than required attendance represents proxy attendance on their behalf when the above Directors are absent from Board meeting in person.

(2) FENG Tao and YU Zhanglin both have exercised their rights as Directors since CBRC Henan Office approved their qualification on August 4, 2016. Since then, they should attend five Board meetings.

(3) At the 2015 Annual General Meeting, FENG Tao and YU Zhanglin both were elected as Directors of the Bank with their qualification then not approved. Other absences from the general meetings were due to personal reasons.

(4) For meetings of special committees, required attendance represents the number of meetings held in the year; actual attendance represents the actual attendance of incumbent Directors.

91 Bank of Zhengzhou Co., Ltd.

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

4.5 Particulars of Meetings of the Board of Directors and Directors’ Attendance

In 2016, the Bank held 11 Board meetings, considering and approving 85 major proposals including the Annual Work Report of the Board of Directors, financial budget report, annual profit distribution plan, a series of resolutions on initial public offer of the A Shares, amendments to the Articles of Association and the rules of procedures of general meetings and pledge of equity interests by Shareholders.

Particulars of the Meetings

Number and session Date of convening Form of convening

The fifth meeting of the fifth session of the Board March 26, 2016 On-site meetingThe sixth meeting of the fifth session of the Board May 28, 2016 On-site meetingThe seventh meeting of the fifth session of the Board August 27, 2016 On-site meetingThe eighth meeting of the fifth session of the Board November 26, 2016 On-site meetingThe 2016 first extraordinary meeting of the fifth session

of the BoardApril 25, 2016 By correspondence

The 2016 second extraordinary meeting of the fifth session of the Board

June 17, 2016 On-site meeting

The 2016 third extraordinary meeting of the fifth session of the Board

June 28, 2016 By correspondence

The 2016 fourth extraordinary meeting of the fifth session of the Board

July 16, 2016 On-site meeting

The 2016 fifth extraordinary meeting of the fifth session of the Board

September 27, 2016 On-site meeting

The 2016 sixth extraordinary meeting of the fifth session of the Board

December 2, 2016 By correspondence

The 2016 seventh extraordinary meeting of the fifth session of the Board

December 14, 2016 By correspondence

90Annual Report 2016

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

4.2 Changes in the Composition of the Board of Directors During the Reporting Period

and After the Reporting Period

For information on the changes of Directors, please refer to the section headed “Directors, Supervisors, Senior Management, Staff and Institutions” in this annual report.

4.3 Chairman and President

The roles and work of the chairman of the Board of Directors and President of the Bank are taken up by different individuals. There is a clear division of responsibilities in compliance with the recommendations of the Listing Rules.

Mr. WANG Tianyu, as the Chairman of the Board of Directors, is mainly in charge of chairing general meetings, convening and chairing meetings of the Board of Directors; supervising and reviewing the implementation of resolutions of the Board of Directors; signing important documents of the Board of Directors and other documents required to be signed by the legal representative of the Bank; and proposing to the Board of Directors candidates of the special committees and secretary to the Board of the Bank.

Mr. SHEN Xueqing, as the President of the Bank, is mainly in charge of the management of daily operation and the implementation of relevant resolutions of the Board of Directors as well as work report to the Board of Directors.

4.4 Responsibilities of Directors

During the Reporting Period, all Directors of the Bank carefully, earnestly and diligently attended relevant meetings as specified and required by relevant laws and regulations and the Articles of Association of the Bank, where they exercised their rights regarding the operation of the Board of the Bank and resulotions of the Board, duly considered and voted on its resolutions and actively offered responsible suggestions and advice, which facilitated our sound and sustainable development and perfectly completed the tasks and objectives of the Board. While properly exercising their rights as Directors, they were performing their corresponding obligations to fully protect the rights of Shareholders.

The independent non-executive Directors of the Bank brought into full play their expertise in the Audit Committee, the Nomination Committee, the Remuneration and Assessment Committee, the Risk Management Committee and the Related Party Transactions Control Committee under Board, at which they strictly carried out the relevant work within their authority, effectively instructed the special committees and offered professional suggestions on the Bank’s strategic development, capital replenishment, significant investment, remuneration mechanism and branch institution establishment.

The Bank’s Board of Supervisors conducted evaluation of the performance of duties of the Directors during the Reporting Period, and reported the results of the evaluation to the general meeting.

89 Bank of Zhengzhou Co., Ltd.

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

• examining and approving the related party transactions which require approval by the Board of Directors as stipulated by the law, administrative regulations, departmental rules, regulatory documents, regulations of securities regulatory authorities of the locality where the Bank’s stocks are listed;

• deciding on the establishment of the Bank’s internal management departments;

• appointing or removing the Bank’s President and secretary to the Board of Directors; deciding to appoint or removing the Bank’s senior management personnel including the Vice President, Assistant to President and finance chief of the Bank in accordance with the recommendations of the President, and determining their remunerations, rewards and punishment;

• formulating the basic management systems of the Bank, deciding on the policies on risk management, internal control and compliance policy of the Bank;

• formulating amendment proposals on amendments to the Articles of Association, the rules of procedures of general meetings and Board meetings;

• proposing at a general meeting the appointment, dismissal or discontinuance of appointment of accounting firms;

• supervising the work performance of the senior management, receiving the President’s work report and inspect the President’s work;

• managing the information disclosure of the Bank and taking ultimate responsibility for the completeness and accuracy of the Bank’s accounting and financial reporting systems;

• considering any material capital expenditure, contract and commitment which exceed the expenditure limit for senior management set by the Board of Directors; and

• other functions and powers required by laws, administrative regulations, departmental rules or the Articles of Association, and other functions and powers authorised by the general meeting.

4.1 Members of the Board

As at the end of the Reporting Period, the Board of Directors of the Bank consisted of a total of 14 members, with 3 executive Directors: WANG Tianyu (王天宇 ) (Chairman), SHEN Xueqing (申學清 ) (President of the Bank) and FENG Tao (馮濤) (Vice Chairman); 6 non-executive Directors: FAN Yutao (樊玉濤), ZHANG Jingguo (張敬國), MA Jinwei (馬金偉), LIANG Songwei (梁嵩巍), JI Hongjun (姬宏俊) and YU Zhanglin (于章林); and 5 independent non-executive Directors: WANG Shihao (王世豪), LI Huaizhen (李懷珍), XIE Taifeng (謝太峰), WU Ge (吳革) and CHAN Mei Bo Mabel (陳美寶).

88Annual Report 2016

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

4 BOARD OF DIRECTORS

The Board of Directors of the Bank shall hold at least 4 regular meetings a year, and convene extraordinary meetings when necessary. The meetings of the Board of Directors shall be held in the form of physical meetings or by way of telecommunication. The notices and materials of the meeting shall be sent to each Director at least ten days and three days before the relevant meeting is convened, respectively, in accordance with the related corporate governance requirements under the Listing Rules and the Articles of Association. Each Director may put forward proposals to be added to the agenda of the meeting of the Board of Directors. The detailed minutes of the meetings of the Board of Directors will be provided to all attending Directors for their review subsequent to the meetings, and then signed by all Directors for confirmation after proposing amendments. A good communication and report mechanism has been established among the Board of Directors, the Directors and senior management of the Bank. Senior management provides sufficient information for the Board and its special committees to make decisions. All Directors may seek independent professional opinions at the cost of the Bank. The President of the Bank regularly reports to the Board and is subject to its supervision. Relevant members of senior management are invited to participate in meetings of the Board and its special committees from time to time to provide explanations and answers to inquiries. At the meetings of the Board of Directors, all Directors can present their opinions freely, and decisions on important matters should only be made after a detailed discussion.

As the administrative body of the Board of Directors, the Board Office is responsible for the preparation of general meetings and the meetings of Board of Directors and special committees of the Board of Directors, information disclosure, investor relations management and other daily routines.

As our decision-making body, the Board of Directors is accountable to the general meeting and responsible for implementing the resolutions of the general meeting. The Board of Directors mainly exercises the following functions and powers:

• convening and reporting to general meetings;

• implementing the resolutions adopted at general meetings;

• deciding on the operation development strategy, operation plans and investment plans of the Bank, among which, operation development strategy includes relevant green credit strategy;

• formulating annual financial budgets, financial statements, profit distribution plans and loss recovery plans of the Bank;

• formulating proposals on the increase or decrease of registered capital, the issuance of bonds or other securities and the listing of the Bank;

• formulating proposals on major acquisitions by the Bank, acquisitions of the Shares of the Bank or merger, division, dissolution or change of the corporate form;

• deciding on external investment, acquisition and disposal of assets, pledge of assets, external guarantee, entrustment of wealth management and other matters of the Bank within the scope of authorization of the general meeting;

87 Bank of Zhengzhou Co., Ltd.

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

BOARD DIVERSITY POLICY

The Bank believes that the diversity of the members of the Board of Directors could improve the performance of the Bank. It is critical to have a diversified Board of Directors in order for the Bank to achieve sustainable development, achieve its strategies and maintain good corporate governance.

In designing the Board’s composition, Board diversity has been considered from a number of aspects, including (but not limited to) gender, regional and industry experience, skills, knowledge and educational background. All Board appointments will be based on meritocracy, and candidates will be considered against objective criteria, having due regard for the benefits of diversity on the Board.

Selection of candidates of the Board will be based on a range of diversity perspectives, including but not limited to gender, regional and industry experience, skills, knowledge and educational background.

The nomination committee of the Bank will report annually, in the Corporate Governance Report of the Bank, on the Board’s composition under diversified perspectives, and monitor the implementation of this Policy.

The Nomination Committee will review this Policy, as appropriate, to ensure the effectiveness of this Policy. The Nomination Committee will discuss any revisions that may be required, and recommend any such revisions to the Board for consideration and approval.

3 GENERAL MEETINGS

In 2016, the Bank held 2 general meetings, with particulars as follows:

On June 17, 2016, the Bank held the 2015 Annual General Meeting in Zhengzhou, Henan Province. In the meeting, 15 resolutions regarding the 2015 Board of Directors’ report, 2015 Board of Supervisors’ report, 2016 financial budget, 2015 profit distribution plan, amendments to the Articles of Association, issuance of green financial bonds, the appointment of Directors and Supervisors and the adoption of Administrative Measures on Remuneration and Performance of Directors and Supervisors at Governance Level were considered and approved.

On September 27, 2016, at the 2016 first Extraordinary General Meeting of the Bank held in Zhengzhou, Henan, 14 proposals in relation to the listing of its A Shares and adjustment on the scale of tier-2 capital bonds issuance were considered and approved.

The convening, notice, holding and voting procedures of the above general meetings were in accordance with the relevant laws and regulations and the Articles of Association of the Bank.

86Annual Report 2016

CHAPTER VIII CORPORATE GOVERNANCE REPORT (Continued)

2 OVERVIEW OF CORPORATE GOVERNANCE

The Bank has been committed to high standards of corporate governance, in accordance with both the domestic and overseas corporate governance requirements, the Bank has established a sound corporate governance system in which the duties of the general meeting, the Board, the Board of Supervisors and senior management are clearly defined and operated separately, and with effective check and balance in place to ensure efficient coordination and scientific decision-making, thereby fully protecting the interests of Shareholders and enhancing corporate value.

The Bank has established a sound system of corporate governance, which will be revised in accordance with the Listing Rules and regulatory requirements from time to time. Relevant regulatory documents include (but not limited to): articles of association, the rules of procedures of general meetings, Board meetings and meetings of the Board of Supervisors, independent director administration criteria, working rules for Strategy Development Committee of the Board of Directors, working rules for Risk Management Committee of the Board of Directors, working rules for Connected Transaction Control Committee of the Board of Directors, working rules for Audit Committee of the Board of Directors, working rules for Nomination Committee of the Board of Directors, working rules for Remuneration and Review Committee of the Board of Directors, terms of reference of the President, connected transaction management criteria, information disclosure criteria, investor relations management criteria, etc.

During the Reporting Period, the Bank has further regulated the structure of Board of Directors and Supervisors, timely supplemented some Directors and Supervisors and enhanced the diversity of expertise of Directors and Supervisors; enhanced the professional guidance of the Special Committees under the Board of Directors, through increasing the frequency of meetings and enhancing the efficiency of performing duties; enriched the means of supervision of the Board of Supervisors, through periodic physical meetings, research and investigation and attending important meetings of the Company to continuously enhanced the supervision; increased the business investigation efforts by independent directors and external supervisors, to fully exert the expertise and the supervisory function of external experts. Through continuous improving the various systems and working mechanisms of corporate governance, the Bank continuously enhanced the standardisation and efficiency of the corporate governance.

During the Reporting Period, the Bank has strictly complied with the code provisions under the Corporate Governance Code set out in Appendix 14 to the Listing Rules (the “Code”) as well as the Listing Rules in respect of inside information disclosure. Directors were not aware of any information indicating that the Bank did not comply with the code provisions set out in the Code during the Reporting Period.

The Bank will continue to review and strengthen its corporate governance in order to ensure consistent compliance of its corporate governance with the Code and meet the higher expectation of Shareholders and investors.

85 Bank of Zhengzhou Co., Ltd.

CHAPTER VIII CORPORATE GOVERNANCE REPORT

1 COMPANY STRUCTURE

Nomination Committee

Risk Management Committee

Risk Management Of�ce of the Board

Interal Audit Of�ce of the Board

Audit Committee

Related Party Transaction Control Committee

Strategic Development Committee

Strategic Development Department of the Board

Financial Management Committee

Equity Investment Management Department

Risk Management Committee

Product Management Committee

Bidding Committee

Investment Banking Approval Committee

Credit Approval Committee

Management Committee of Customent Manager

Marketing and Promotion Committee

Asset and Liability Management

General Of�ce of the Board

Remuneration and Assessment Committee

Remuneration and Evaluation Of�ce of the Board

General Meeting

Board of Directors Board Supervisors

Nomination Committee

Supervision Committee

Of�ce of Board of Supervisors

Local Sub-brancbers

Secondary Sub-branches

Local Branches

Sub-brancbers in the Urban District of Zhengzhou

Senior Manngement

Head O

f�ce of Sales D

epartment

Discipline

Supervisory Of�ce

Party Affairs D

epartment

Institution Developm

ent D

epartment

Security Departm

ent

Hum

an Resources D

epartment

Adm

inistration and M

anagement D

epartment

General O

f�ce

Asset Security D

epartment

Com

pliance Departm

ent

Finance and A

ccounting Departm

ent

Operations M

anagement

Departm

ent

Risk Managem

ent D

epartment

Credit A

pproval D

epartment

Internet Finance D

epartment

Credit C

ard Departm

ent

Electronic Banking D

epartment

Financial Departm

ent of Sm

all Business

Retail Banking D

epartment

Asset M

anagement

Departm

ent

Interbank Departm

ent

Financial Markets

Departm

ent

Traded Finance D

epartment

Corporate Business

Departm

ent

Science and Technology D

evelopment D

epartment

1 According to the business development needs of the Bank, and with reference to the recommendations of the external advisory institution, the Bank decided to rename the department of trade finance to transaction banking division one, and newly set up a department of transaction banking division two, with an aim to upgrade the investment banking center within the interbank department to an investment banking department and separately manage the small business financial service centre as a branch level operating institution, as considered and approved at the board meeting of the Bank on January 19, 2017.

84Annual Report 2016

CHAPTER VII DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT, STAFF AND INSTITUTIONS (Continued)

9 BASIC INFORMATION OF INSTITUTIONS UNDER THE BANK

The following table sets out the branches and sub-branches of the Bank as of December 31, 2016:

RegionName of branch Business address (China) Notes

Zhengzhou, Henan Headquarters 22 Shangwu Waihuan Road, Zhengdong New District, Zhengzhou City, Henan Province.

In charge of 111 branch institutions in Zhengzhou district and 31 institutions in provincial prefectures and cities for conducting external business

Nanyang, Henan Nanyang The junction of Zhongjing Road and Fanli Road, Wancheng District, Nanyang City, Henan Province

In charge of 8 institutions for conducting external business

Xinxiang, Henan Xinxiang No. 278, Xiangyang Road, Xinxiang City, Henan Province

In charge of 7 institutions for conducting external business

Luoyang, Henan Luoyang Longan Building (隆安大廈), the junction of Guanlin Road and Houzaimen Street, Luolong District, Luoyang City, Henan Province

In charge of 4 institutions for conducting external business

Anyang, Henan Anyang Yiwu International Business & Trade Mansion, the junction of Chouzhou Road and Delong Street, Andong New District, Anyang City, Henan Province

In charge of 4 institution for conducting external business

Shangqiu, Henan Shangqiu Floor A2B, Siji Harbour, Wenhua Road North and Zhongzhou Road East, Liangyuan District, Shangqiu City, Henan Province

In charge of 3 institution for conducting external business

Xuchang, Henan Xuchang Juncheng International Building (亨通君成國際大廈), the junction of Liancheng Avenue and Weiwen Road, Weidu District, Xuchang City, Henan Province

In charge of 1 institution for conducting external business

Luohe, Henan Luohe Floor 1-5, Changjian International (昌建國際), the junction of Songshan East Branch Road and Mudanjiang Road, Yancheng District, Luohe District, Henan Province

In charge of 1 institution for conducting external business

Xinyang, Henan Xinyang Floor 1–2, Guolebai Gonggua (中樂百花公館), the junction of Xinqi Avenue and Xinba Street, Yangshan New District, Xinyang City, Henan Province

In charge of 1 institution for conducting external business

Puyang, Henan Puyang The northwest of junction of Renmin Road and Kaizhou Road, Longhua District, Puyang City, Henan Province

In charge of 1 institution for conducting external business

Pingdingshan, Henan

Pingdingshan The southeast of junction of Kaiyuan Road and Qinggong Road,Zhanhe District, Pingdingshan City, Henan Province

In charge of 1 institution for conducting external business

Zhengzhou, Henan

Small Business Financial Service Centre

24/F, Bank of Zhengzhou Building, 22 Shangwu Waihuan Road, Zhengdong New District, Zhengzhou City, Henan Province

83 Bank of Zhengzhou Co., Ltd.

CHAPTER VII DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT, STAFF AND INSTITUTIONS (Continued)

By education

Number of employees Percentage

Master or above 467 12%Bachelor 2,693 71%Non-degree tertiary 522 14%Others 91 2%

Total 3,773 100%

8.2 Staff Training Plan

The Bank formulated the annual training plan based on the development strategies and the educational training objectives, and launched various training sessions to guarantee for the training quality, and enhance the professionalism of employees and provide support to their career progress. During the Reporting Period, the Bank consolidated the general sub-branch’s three-tier training resources and launched intensive training projects for new businesses, new systems and new products, and also provided training to improve senior-/mid-level management’s capability, specialist training, junior staff training and new staff training. The Bank earnestly grasped the work for constructing the mobile training platform and building up the internal instructor team with a total of 132 intensive training sessions for 15,875 employee participants for various business lines for the year.

8.3 Remuneration Policy for Staff

The Bank has established a performance-based remuneration system and the salary of employees is based on their positions and performance appraisal. The Bank provides employees with the social insurance contribution, housing provident fund and other employees benefit packages in accordance with the laws, rules and regulations of the PRC.

82Annual Report 2016

CHAPTER VII DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT, STAFF AND INSTITUTIONS (Continued)

8 STAFF

8.1 Composition

By department/function

Number of employees Percentage

Finance and accounting 1,360 36%

Corporate and retail 231 6%

Risk management, internal audit and compliance 149 4%

Retail banking 435 12%

Corporate banking 439 12%

I.T. 83 2%

Business management and support 1,020 27%

Capital business 56 1%

Total 3,773 100%

By age

Number of employees Percentage

30 or below 2,195 58%31–40 767 20%41–50 728 19%Over 50 83 2%

Total 3,773 100%

81 Bank of Zhengzhou Co., Ltd.

CHAPTER VII DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT, STAFF AND INSTITUTIONS (Continued)

5 ANNUAL REMUNERATION FOR SENIOR MANAGEMENT

The table below sets out the remuneration for the senior management (excluding Directors) by salary range for the year ended December 31, 2016:

Salary rangeNumber ofemployees

0–RMB1,000,000 0RMB1,000,001–RMB2,000,000 1RMB2,000,001–RMB3,000,000 8

6 CONFIRMATION OF INDEPENDENCE FOR INDEPENDENT NON-EXECUTIVE DIRECTORS

The Bank had already received letters of confirmation on independence as required by the Listing Rules submitted by each Independent Non-Executive Director and believes that all Independent Non-Executive Directors are independent and in compliance with relevant guidelines provided by Rule 3.13 of the Listing Rules.

The Bank’s Independent Non-Executive Directors neither have any business or financial interests in the Bank nor hold any management position in the Bank. They are all elected for a term of three years. They may continue to serve for three years after the expiration of the term.

7 H-SHARE APPRECIATION RIGHTS’ INCENTIVE SCHEME DURING THE REPORTING PERIOD

The Bank did not adopt any H-share appreciation rights’ incentive scheme during the Reporting Period.

80Annual Report 2016

CHAPTER VII DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT, STAFF AND INSTITUTIONS (Continued)

Mr. FU Chunqiao, aged 43, has served as the director of the Office of the Board of Directors of the Bank since January 2011 and the secretary to the Board of Directors since June 2013. He is primarily responsible for the operations of the Office of the Board of Directors. Mr. FU has over 20 years of experience in the banking industry. He joined the Bank in August 1996, and had served successively as the deputy manager and the deputy general manager of planning and asset department, and the deputy general manager and the general manager of asset operation department from March 2000 to January 2011.

Mr. FU graduated from Henan Institute of Finance and Economics (河南財經學院) (Henan, China) in June 1995, majoring in money and banking. He obtained a master’s degree in law from Zhengzhou University (Henan, China) in June 2008. He has been an economist accredited by the Ministry of Personnel of the PRC since November 1999.

Mr. JIANG Tao, aged 44, has served as the chief information officer of the Bank since December 2015, and the general manager of the science and technology development department of the Bank since April 2005. Mr. JIANG has nearly 23 years of experience in the banking industry. He joined the Bank in August 1996, and had served successively as the assistant engineer of the science and technology department, the chief of the ex post-supervision and development department and the chief and deputy general manager of the science and technology development department from August 1996 to April 2005.

Mr. JIANG graduated from Zhengzhou University (Henan, China) in July 1994, majoring in computer science and its application. He obtained a master’s degree in computer engineering from the PLA Information Engineering University (Henan, China) from September 2002 to July 2005.

Joint Company Secretaries

Mr. FU Chunqiao, is one of the joint company secretaries of the Bank being appointed on September 29, 2015. Please see “– Senior Management” for his biography.

Ms. LEUNG Wing Han Sharon, is one of the joint company secretaries of the Bank being appointed on November 6, 2015. Ms. LEUNG is the vice president of SW Corporate Services Group Limited. She has over 11 years of experience in finance, accounting and company secretarial matters. Ms. LEUNG holds degrees of bachelor of business administration in accounting, bachelor of laws, and master of laws in international corporate and financial law. Ms. LEUNG is a fellow member of the Hong Kong Institute of Chartered Secretaries, the Institute of Chartered Secretaries and Administrators in UK, and the Association of Chartered Certified Accountants in UK. She is also a member of the Hong Kong Institute of Certified Public Accountants.

4 ANNUAL REMUNERATION FOR DIRECTORS AND SUPERVISORS

The remuneration details of the Bank’s Directors, Supervisors and the top five highest-paid employees are set out in Notes 9 and 10 of the financial statements of the Bank for the year.

The remuneration for the Bank’s Directors and Supervisors has been determined in accordance with applicable laws, regulations and regulatory requirements as well as the Bank’s relevant remuneration policy.

79 Bank of Zhengzhou Co., Ltd.

CHAPTER VII DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT, STAFF AND INSTITUTIONS (Continued)

Mr. SUN Haigang, aged 39, has served as an assistant to president of the Bank since October 2009. He was primarily responsible for the operations of the operations management department, the science and technology development department and the administration and management department. Mr. SUN has nearly 8 years of experience in the banking industry. He joined the Bank in October 2009 and served as an assistant to president of the Bank and the general manager of the strategic development department of the Board from October 2009 to October 2013, and an assistant to president of the Bank and the president of Luoyang branch from October 2013 to April 2016. Prior to joining the Bank, he worked in Baosteel Holding Co., Ltd. (寶山鋼鐵股份有限公司) from July 2007 to September 2009.

Mr. SUN graduated from the Henan University (Henan, China) in June 2000, majoring in marketing (advertising), and obtained a bachelor of arts degree. He graduated from the Henan University (Henan, China) in July 2004, majoring in political economics, and obtained a master’s degree in economics. He graduated from Shanghai University of Finance and Economics (Shanghai, China) in June 2007, majoring in industrial economics, and obtained a doctoral degree in economics. He has been a senior economist accredited by the Human Resources and Social Security Ministry of the PRC since December 2014.

Mr. ZHANG Wenjian, aged 51, has served as an assistant to president of the Bank since May 2011. He is primarily responsible for the operations of the financial department of small business, the electronic banking department, the retail banking department, the credit card department, the internet finance department and asset management department. Mr. ZHANG has over 32 years of experience in the banking industry. He joined the Bank in November 1997 and had successively served as the staff member of Zhengliu Street sub-branch, the deputy general manager of financial accounting department, the general manager of accounting and settlement department, the general manager of corporate business department, a member of preparatory team of Nanyang branch, and the president of Nanyang branch from November 1997 to May 2011. Prior to that, he had served as the deputy chief of accounting section and the director of transaction centre of Jinshui sub-branch of Industrial & Commercial Bank of China Limited (中國工商銀行股份有限公司 ) from February 1985 to November 1997.

Mr. ZHANG graduated from the Zhengzhou Workers’ University (鄭州市職工大學) (Henan, China) in June 1989, majoring in applied computer science, and graduated from Nanjing Institute of Political Science (南京政治學院 ) (Jiangsu, China) in June 2005, majoring in economic management and graduated from the School of Economic Management of Nankai University (Tianjin, China), majoring in economic management in June 2016. He has been an economist accredited by the Ministry of Personnel of the PRC since June 1995.

Ms. MAO Yuezhen, aged 53, has served as the chief accountant of the Bank since September 2011. She is primarily responsible for the operations of the finance and accounting department. Ms. MAO has nearly 24 years of experience in finance and accounting. She joined the Bank in August 1996 and had successively served as the chief of accounting section of Hongqi Road sub-branch, the vice president of Hongqi Road sub-branch, the deputy director of auditing department, the general manager of audit and supervision department, the director of assessment office, the general manager of planning and asset department, and the general manager of planning and finance department of the Bank from August 1996 to October 2011. Prior to joining the Bank, she had served as the manager of accounting department of Henan Jinyu Experimental Bank (河南金育實驗銀行) from April 1993 to July 1996, and a lecturer of Henan College for Finance and Management Officials (河南金融管理幹部學院) from July 1987 to March 1993.

Ms. MAO graduated from the Henan College for Finance and Management Officials (河南金融管理幹部學院) (Henan, China) in July 1995, majoring in finance. She has been a senior accountant accredited by the Ministry of Finance of the PRC since October 2015.

78Annual Report 2016

CHAPTER VII DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT, STAFF AND INSTITUTIONS (Continued)

Mr. XIA graduated from the Beijing Agricultural Engineering University (北京農業工程大學) (Beijing, China) in July 1990, majoring in applied electronic technology, and obtained a bachelor’s degree in engineering. He has been an economist accredited by the Ministry of Personnel of the PRC since June 1995.

Mr. BAI Xiaofeng, aged 49, has served as a vice president of the Bank since May 2008. He is primarily responsible for the operations of the financial markets department and the interbank department. Mr. BAI has nearly 26 years of experience in the banking industry. He joined the Bank in May 2008. Prior to joining the Bank, he had served successively in Zhengzhou branch of Guangdong Development Bank, Co., Ltd. (廣東發展銀行股份有限公司) (currently known as China Guangfa Bank Co., Ltd., 廣發銀行股份有限公司) as the manager of branch office, the manager of credit management department, the assistant to president of Wenhua Road sub-branch, the vice president and the president of Jinshui Road sub-branch from September 2003 to March 2008. He had served successively in PBoC as the vice president of Shangjiequ sub-branch of Zhengzhou office, the vice president of Xinzheng sub-branch, the principal staff member of policy banking regulatory department of Zhengzhou financial regulatory office of Jinan office from March 1998 to September 2003. He served as the deputy head of preparatory team of Sanmenxia City Credit Cooperatives (三門峽市城市信用聯社) from November 1997 to March 1998, the chief of the planning section of Shan County sub-branch of PBoC, the deputy chief of administrative and education section and the deputy chief of financial management section of Sanmenxia office in Henan Province from June 1991 to November 1997.

Mr. BAI graduated from Zhengzhou University (Henan, China) in June 1989, majoring in economics, and obtained a bachelor’s degree in economics. He obtained a master’s degree in business administration from Hunan University (Hunan, China) in December 2000. He has been an economist accredited by the Ministry of Personnel of the PRC since April 1994.

Mr. GUO Zhibin, aged 48, has served as the vice president of the Bank since December 2015. He is primarily responsible for the operations of the corporate business department and the trade finance department of the Bank. Mr.GUO has over 18 years of experience in the banking industry. He had served as an assistant to president of the Bank from December 2010 to December 2015. Prior to that, he had served as the president of Huanghe Road sub-branch of Zhengzhou branch in Industrial Bank Co., Ltd. (興業銀行股份有限公司) from March 2006 to December 2010. In addition, he had served in Everbright Bank Co., Ltd. (光大銀行股份有限公司) as the assistant to president and the vice president of Hongzhuan Road sub-branch of Zhengzhou branch, the deputy general manager of corporate business No. 2 department of Zhengzhou branch, and the general manager of asset security department of Zhengzhou branch from June 1999 to March 2006. He had served as the manager and the deputy general manager of the general office of Henan Yutai Mall Co., Ltd. (河南豫泰商廈有限公司) from October 1997 to May 1999, and the deputy director of general office of Zhengzheng Sanjie (證政三街) sub-branch of the Bank and Henan Province Labor City Credit Cooperatives (河南省勞動城市信用社) from August 1996 to October 1997 and from January 1995 to August 1996, respectively.

Mr. GUO graduated from Zhengzhou University (Henan, China) in June 1995, majoring in finance. He graduated from Henan University (Henan, China) with the completion of the national economics post-graduate course program (國民經濟學專業研究生課程進修班) in July 1999, and obtained a master’s degree in business administration from the Asia International Open University (Macau) (Macau, China) in August 2004. He has been an economist accredited by the Ministry of Personnel of the PRC since November 1997.

77 Bank of Zhengzhou Co., Ltd.

CHAPTER VII DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT, STAFF AND INSTITUTIONS (Continued)

Ms. ZHANG Chunge, aged 48, was appointed as an employee Supervisor of the Bank in February 2012 and appointed as the president of Zhenghua Road sub-branch of the Bank in February 2014. She joined the Bank in September 2000 and had successively served as the manager of marketing department, and the president of Weiyi Road sub-branch of the Bank from September 2000 to February 2014. Prior to that, she had successively served as the deputy director responsible for credit, vice chairman and officer of Wugang City Urban Credit Cooperatives （舞鋼市城市信用社） from March 1985 to September 2000.

Ms. ZHANG graduated from Correspondence Education College of Central School of Communist Party of China (中共中央黨校函授學院) (Beijing, China) in December 2000, majoring in economic management (correspondence education), and obtained a completion certificate in (Zhengzhou Bank) MBA finance advanced program (（鄭州銀行）MBA金融方向高級研修班) from Renmin University of China (Beijing, China) in April 2010. She has been an economist accredited by Henan Province Science and Technology Commission (河南省科委) since November 1999.

Ms. CUI Huarui, aged 49, was appointed as an employee Supervisor of the Bank in May 2015 and appointed as the director of head office business department of the Bank in July 2014. She joined the Bank in February 2002 and had successively served as the vice president of Jingguang Road sub-branch, the president of Xinghua Street sub-branch, and the president of West District sub-branch from February 2002 to July 2014. Prior to that, she had served as the staff member and the manager of the operation department of BridgeTrust Investment Company (百瑞信託投資公司) from February 1993 to January 2002, and the staff member of Zhengzhou Fangzhi Road grain office from September 1988 to January 1993.

Ms. CUI graduated from Correspondence Education College of Central School of Communist Party of China (中共中央黨校函授學院) (Beijing, China) in December 1996, majoring in foreign economics (correspondence education). She obtained a master’s degree in business administration from Macau University of Science and Technology (Macau, China) in July 2003, and obtained a completion certificate of banking/finance training course from University of Canberra (Australia) professional management program training centre (堪培拉大學（澳大利亞）專業管理項目培訓中心銀行╱金融培訓課程結業證書) in April 2008. She has been an accountant accredited by Ministry of Finance of the PRC since May 1998, and a senior accountant accredited by the People’s Government of Henan Province since April 2010.

Senior Management

For Mr. SHEN Xueqing’s biography, please see “Executive Directors”.

Mr. XIA Hua, aged 49, has served as the vice president of the Bank since December 2011. He is primarily responsible for the operations of the credit approval department, the risk management department, the compliance department and the asset security department. Mr. XIA has nearly 27 years of experience in the banking industry. He joined the Bank in December 2011. Prior to joining the Bank, he had successively served in CBRC Henan Office as a principal staff member and the deputy chief of state-owned banking regulatory No. 1 department, the deputy chief and the regulatory researcher of city commercial banks regulatory department from September 2003 to December 2011. He had successively served as the vice president of the PBoC sub-branch in Yichuan County, the deputy principal staff member and a principal staff member of rural cooperation finance management department of Henan office, a principal staff member of the cooperation department of Zhengzhou regulatory office of Jinan office, a principal staff member of the regulatory department of Agricultural Bank of China from August 1996 to September 2003, and a staff member of the foreign exchange department of PBoC Luoyang Office from July 1990 to July 1996.

76Annual Report 2016

CHAPTER VII DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT, STAFF AND INSTITUTIONS (Continued)

Mr. LIU Yuhui, aged 46, was appointed as an external Supervisor of the Bank in June 2011. He has served as the independent director of Bank of Hangzhou Co., Ltd. (listed on Shanghai Stock Exchange, stock code: 600926) since March 2010 and the researcher of Finance Institute of Chinese Academy of Social Sciences since December 2011. He also has served as the independent director of Bank of Jiangsu Co., Ltd. (listed on Shanghai Stock Exchange, stock code: 600919) since April 2014, the independent director of Central China Land Media Co., Ltd. (listed on Shenzhen Stock Exchange, stock code: 000719) since January 2015, the independent director of Shenzhen Keybridge Communications Co., Ltd. (listed on Shenzhen Stock Exchange, stock code: 002316) since June 2015, the chief economist of Tianfeng Securities Co., Ltd. since September 2016. Prior to that, he has successively served as the postdoctoral researcher of the Chinese Academy of Social Sciences, the senior visiting scholar of the Hong Kong Monetary Authority, the director of China Center for Economic Research, the dean of Financial Critical Laboratory, the professor and PhD supervisor of Graduate School of Chinese Academy of Social Sciences and Nankai University and the chief economist of GF Securities Co., Ltd. since August 2003.

Mr. LIU obtained a doctoral degree in economics from Graduate School of Chinese Academy of Social Sciences (Beijing, China) in June 2003.

Mr. XU Changsheng, aged 53, was appointed as an external Supervisor of the Bank in June 2016. He has served as a teacher of the School of Economics of Huazhong University of Science and Technology (華中科技大學經濟學院) since July 1987, the deputy dean, professor and dean of the School of Economics of Huazhong University of Science and Technology from 1994 to 1999, since September 1997 and from January 2000 to January 2015, respectively. He has served as the independent director of Guodian Changyuan Electric Power Co., Ltd. (國電長源電力股份有限公司) (listed on Shenzhen Stock Exchange, stock code: 000966) since May 2013, the independent non-executive Director of Shanghai Zhengda Property Limited （上海証大房地產有限公司） (listed on Hong Kong Stock Exchange, stock code: 0755) since June 2015, the independent director of Kaidi Ecological and Environmental Technology Co., Ltd. (凱迪生態環境科技股份有限公司) (listed on Shenzhen Stock Exchange, stock code: 000939) since September 2015 and the independent director of Zhongyuan Trust Co., Ltd. (中原信託有限公司) since December 2015.

Mr. XU graduated from Nanjing University (Jiangsu, China) in July 1984, majoring in political economics and obtained a bachelor’s degree in economics. He graduated from Wuhan University (Hubei, China) in July 1987, majoring in western economics and obtained a master’s degree in economics and also obtained a doctoral degree in economics from Wuhan University (Hubei, China) in July 1992. He acted as a visiting scholar at Harvard University in United States form January to April 2002.

Ms. DUAN Ping, aged 50, was appointed as an employee Supervisor of the Bank in February 2012, and appointed as the director of discipline inspection committee of the Bank in May 2015. She joined the Bank in August 1996 and had successively served as the staff member of Wulibao sub-branch, the staff member of party affairs office, the staff member of planning department, the staff member of planning and funds department, the staff member of human resources department, the general manager of party affairs department, the vice president of Luoyang branch from August 1996 to May 2015. Prior to that, she was a staff member of Zhengzhou Wulibao City Credit Cooperatives (鄭州市五裡堡城市信用社) from April 1995 to August 1996.

Ms. DUAN graduated from Henan Radio & Television University (河南廣播電視大學) (Henan, China) in September 1987, majoring in industrial statistics. She graduated from The Open University of China (中央廣播電視大學) (Beijing, China) in November 2003, majoring in finance. She has been a senior political consultant accredited by Senior Professional Evaluation Committee of Henan Province Enterprises’ Ideological and Political Personnel (河南省企業思想政治工作人員高級專業職務任職資格評審委員會) since February 2007.

75 Bank of Zhengzhou Co., Ltd.

CHAPTER VII DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT, STAFF AND INSTITUTIONS (Continued)

Mr. ZHU graduated from School of Communist Party of China Henan Province Committee (中共河南省委黨校) (Henan, China) in December 1996, majoring in economic management (correspondence education), and obtained a completion certificate in business strategy advanced program (經營方略高級研修班) from Peking University (Beijing, China) in April 2010.

Ms. MENG Jun, aged 45, was appointed as a Shareholder Supervisor of the Bank in February 2012. She had successively served as the assistant to president, the financial director and the deputy general manager of Henan Zhenghong Property Co., Ltd. from June 1996 to June 2013, and has served as the vice president of Henan Zhenghong Property Co., Ltd. (河南正弘置業有限公司) since July 2013.

Ms. MENG graduated from Henan Institute of Finance of Economics ( 河 南 財 經 學 院 ) (Henan, China) in December 1992, majoring in accounting. She graduated from Central South University (Hunan, China) in January 2007, majoring in accounting (internet education) and also obtained a master’s degree in business administration from China Europe International Business School (CEIBS) (Shanghai, China) in August 2016. She has been a senior international financial manager accredited by International Financial Management Association (國際財務管理協會 ) since January 2010, an intermediate accountant accredited by Ministry of Finance of the PRC since May 2004 and certified financial planner accredited by the Institute of Chinese Certified Financial Planners (中國註冊理財規劃師協會) from July 2012 to July 2015.

Mr. TANG Yunwei, aged 72, was appointed as an external Supervisor of the Bank in February 2012. He has been a member of Accounting Standards Committee of Ministry of Finance of the PRC since October 1998 and a member of Auditing Standards Committee of Chinese Institute of Certified Public Accountants (中國註冊會計師協會) from January 2007 to January 2009. He had served as the independent non-executive director of PingAn Insurance (Group) Company of China Ltd. (listed on Hong Kong Stock Exchange, stock code: 02318; listed on Shanghai Stock Exchange, stock code: 601318) from June 2009 to June 2015, the independent director of Tung Kong Security Printing Co., Ltd. (listed on Shenzhen Stock Exchange, stock code: 002117) from August 2009 to September 2012, the independent director of Jiangsu Zhongnan Construction Group Holding Co., Ltd. (listed on Shenzhen Stock Exchange, stock code: 000961) from August 2010 to March 2014, the independent director of Shanghai Bairun Flavour & Fragrance Co., Ltd. (listed on Shenzhen Stock Exchange, stock code: 002568) from November 2011 to November 2014, and the independent non-executive director of China National Building Material Co. Ltd. (listed on Hong Kong Stock Exchange, stock code: 03323) since October 2014. Prior to that, he had served as the legal representative of Shanghai Association of Accounting ( 上海市會計學會 ) from August 2002 to July 2012, and had served as a partner in Ernst & Young from January 2002 to December 2006. He had successively served as the associate professor and professor of Shanghai University of Finance and Economics from 1984 to March 1991 and the acting vice principal of Shanghai University of Finance and Economics from March 1991 to September 1993 and the principal of Shanghai University of Finance and Economics from October 1993 to January 1999. He was elected as the honorary member of Association of Chartered Certified Accountants (英國公認會計師公會) in July 2001, and was awarded the title of “returned overseas student with outstanding contribution to socialist modernisation construction” (在社會主義現代化建設中突出貢獻的回國留學人員) by the State Education Commission and Ministry of Personnel in January 1991.

Mr. TANG graduated from Shanghai College of Finance and Economics (Shanghai, China) in July 1968, majoring in accounting. He graduated from the Shanghai University of Finance and Economics (Shanghai, China) in November 1983, majoring in accounting, and obtained a master’s degree in economics and obtained a doctoral degree in economics from the Shanghai University of Finance and Economics (Shanghai, China) in January 1988.

74Annual Report 2016

CHAPTER VII DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT, STAFF AND INSTITUTIONS (Continued)

of China Weaving Materials Holdings Limited (listed on Hong Kong Stock Exchange, stock code: 03778) from December 2011 to December 2014, and the independent non-executive Director of South China Assets Holdings Limited (formerly known as South China Land Limited, listed on Hong Kong Stock Exchange, stock code: 08155) since May 2013. She has served as the council member of Association of Women Accountants HK Ltd. (香港女會計師協會) since January 2006, and served as the president in 2010. She had served as the vice president of the Society of Chinese Accountants and Auditors (香港華人會計師公會) from December 2008 to December 2009 and president of the aforesaid society from December 2009 to December 2010, member of Barristers Disciplinary Tribunal Panel of Hong Kong (香港大律師紀律審裁團) since May 2010, member of the Financial Reporting Review Panel of Financial Services and the Treasury Bureau of Hong Kong (香港財經事務及庫務局財務匯報檢討委員會) from July 2010 to July 2015, member of the Vetting Committee of CreateSmart Initiative appointed by the Secretary for Commerce and Economic Development of Hong Kong (香港商務及經濟發展局局長委任的創意智優計劃審核委員會) form August 2011 to July 2013 and since August 2015, member of Council of Hong Kong Baptist University since January 2013, member of the Appeal Panel (Housing) of Hong Kong (香港上訴委員會（房屋）) since April 2014, and president of Hong Kong Society of Accountants (香港會計師公會) since December 2016.

Ms. CHAN obtained a master’s degree in business administration from Hong Kong University of Science and Technology (Hong Kong) in November 2000. She has been a member of the Chartered Association of Certified Accountants (英國特許公認會計師公會) since November 1996, a certified public accountant accredited by Hong Kong Institute of Certified Public Accountants (香港會計師公會) and a member of Hong Kong Society of Accountants (香港會計師公會) since January 1997, a member of the Society of Chinese Accountants & Auditors (香港華人會計師公會) since December 2002, and a member of the Institute of Chartered Accountants in England and Wales (英格蘭和韋爾斯特許會計師公會) since February 2008.

Supervisors

Ms. ZHAO Lijuan, aged 54, was appointed as a shareholder Supervisor and chairlady of the Board of Supervisors of the Bank in June 2016, and has served as the chairlady of the labor union of the Bank since November 2007. She joined the Bank in August 1996 and had successively served as the vice president and the president of Wulibao sub-branch, the president of Jinhai Avenue sub-branch and the vice president of the Bank from August 1996 to June 2016. Prior to joining the Bank, she successively served as the accountant and the accounting chief of Zhengzhou Wulibao City Credit Cooperatives (鄭州五裡堡城市信用社) from December 1984 to August 1996.

Ms. ZHAO graduated from Air Force Logistics Management College of the People’s Liberation Army of the PRC (中國人民解放軍空軍後勤管理學院) (Jiangsu, China) in June 2004, majoring in financial management. She obtained a completion certificate of advanced course program in finance major of business administration master (工商管理碩士課程金融方向高級研修班) from the School of Finance of Renmin University of China (Beijing, China) in March 2008. She has been a senior political consultant accredited by Senior Professional Evaluation Committee of Henan Province Enterprises’ Ideological and Political Personnel (河南省企業思想政治工作人員高級專業職務任職資格評審委員會) since January 2009, and an economist accredited by Ministry of Personnel of the PRC since November 2001.

Mr. ZHU Zhihui, aged 47, was appointed as a shareholder Supervisor of the Bank in June 2015. He had served as deputy general manager of Henan Province Light Industry Economic Technology Import and Export Co., Ltd. (河南省輕工經濟技術進出口公司) from June 1987 to March 1993, the general manager of Zhengzhou Huida Real Estate Development Co., Ltd. (鄭州暉達房地產開發有限公司) from March 1993 to November 2011. He has served as the chairman of Zhengzhou Huida Industry (Group) Co., Ltd. (鄭州暉達實業（集團）有限公司) from May 1998 to December 2014, the chairman of Henan Guoyuan Trade Co., Ltd. (河南國原貿易有限公司) since December 2005, and the chairman of the Zhengzhou Huida Real Estate Development Co., Ltd. (鄭州暉達房地產開發有限公司) since November 2011.

73 Bank of Zhengzhou Co., Ltd.

CHAPTER VII DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT, STAFF AND INSTITUTIONS (Continued)

Mr. LI graduated from Henan Banking School (河南銀行學校) (Henan, China) in March 1980 and graduated from Zhengzhou University (Henan, China) in September 1983, majoring in finance and obtained a master’s degree in economics from Dongbei University of Finance and Economics (Liaoning, China) in December 1997. He has been a senior economist accredited by PBoC since February 1996.

Mr. XIE Taifeng, aged 58, was appointed as an independent non-executive Director of the Bank in June 2015. He has served as the independent director of Woori Bank (China) Limited (友利銀行（中國）有限公司) since September 2013 and the professor of School of Finance of Capital University of Economics and Business since July 2005. Prior to that, he had served as the independent director of China Haohua Chemical Group Co., Ltd. (中國昊華化工集團股份有限公司) from March 2013 to June 2015, the deputy dean, and the dean and PhD supervisor of School of Finance of Capital University of Economics and Business from January 2006 to March 2015. He had served as the professor of Business Administration Branch School of Beijing Machinery Industry Institute (北京機械工業學院) from July 2000 to July 2005, and the teaching assistant of Economics Department, the lecturer of Economics Department, the associate professor of Business School, the dean of Finance Department, the deputy dean of Business School, the professor and the deputy dean of Business School of Zhengzhou University from January 1982 to July 2000.

Mr. XIE graduated from Zhengzhou University (Henan, China) in December 1981, majoring in politics and economics, and obtained a bachelor’s degree in economics. He graduated from the Southwestern University of Finance and Economics (Sichuan, China) in July 1986, majoring in monetary banking, and obtained a master’s degree in economics in January 1989. He obtained a doctoral degree in economics from Southwestern University of Finance and Economics (Sichuan, China) in January 2000. He has been a professor accredited by the People’s Government of Henan Province since May 1996.

Mr. WU Ge, aged 49, was appointed as an independent non-executive Director of the Bank in June 2015. He has served as the director and the legal representative of Beijing Zhongwen Law Firm (北京市中聞律師事務所) since November 2013. In addition, he has served as a part-time researcher of human rights education and research centre of the Southwestern University of Politics and Law, being the national base of human rights education and training, since April 2015. He has been a member of the 11th Henan Provincial Committee of Chinese People’s Political Consultative Conference (中國人民政治協商會議第十一屆河南省委員會) since January 2013, the director of the third and the fourth sessions of Chinese Overseas Friendship Association (中華海外聯繫會) since September 2008. He has served as the tutor of juris master of Central University of Finance and Economics since December 2005, the part-time researcher of the Institute of Criminal Law Science of Beijing Normal University since August 2006, and the part-time professor of Law School of China University of Political Science and Law from May 2007 to May 2010. He was awarded the outstanding joint tutor of juris master of Law School of Tsinghua University (清華大學法學院優秀法律碩士聯合導師) in March 2007.

Mr. WU graduated from Renmin University of China (Beijing, China) in January 2000, majoring in juris master, and obtained a master’s degree in law. He obtained a completion certificate of post-graduate course in finance from School of Economics of Peking University (Beijing, China) in December 2002.

Ms. CHAN Mei Bo Mabel, aged 45, was appointed as an independent non-executive Director of the Bank in June 2015. She established Mabel Chan & Co. (陳美寶會計師事務所 ) in February 1999 and became the deputy managing partner of Grant Thornton Limited in 2016. She had served as the independent non-executive director of Code Agriculture (Holdings) Limited (formerly known as China Chief Cable TV Group Limited, listed on Hong Kong Stock Exchange, stock code: 08153) from October 2009 to April 2012, the independent non-executive Director of Hong Kong Education (Int’l) Investments Ltd. (formerly known as Modern Education Group Limited, listed on Hong Kong Stock Exchange, stock code: 01082) from July 2011 to September 2012, the independent non-executive Director of Kingmaker Footwear Holdings Ltd. (listed on Hong Kong Stock Exchange, stock code: 01170) since August 2011, the independent non-executive Director

72Annual Report 2016

CHAPTER VII DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT, STAFF AND INSTITUTIONS (Continued)

Mr. YU Zhanglin, aged 50, was appointed as a non-executive Director of the Bank in June 2016.

Mr. YU has served as the vice president of CCCC Financial Limited (中國城市國際金融控股集團有限公司) since January 2016. Prior to that, he had served in Henan Province Metallurgy Plan and Design Institute (河南省冶金規劃設計院) from September 1988 to March 1992 and Yellow River Conservancy Commission of the Ministry of Water Resources (水利部黃河水利委員會) from March 1992 to May 2004 and served as the general manager of Shenzhen Southern Great Wall Investment Holdings Co., Ltd. (深圳南方長城投資控股有限公司) from May 2004 to January 2016.

Mr. YU graduated from Zhengzhou Institute of Technology (鄭州工學院 ) (Henan, China) in July 1988, majoring in water resources and hydropower construction and obtained a bachelor’s degree in engineering.

Mr. WANG Shihao, aged 66, was appointed as an independent non-executive Director of the Bank in February 2012. He was appointed as the director-general of Funds Clearing Centre for City Commercial Banks (城市商業銀行資金清算中心) in September 2002 and had served as the legal representative of Funds Clearing Centre for City Commercial Banks from July 2002 to August 2013. He has served as the independent non-executive director of Huishang Bank Corporation Limited (listed on Hong Kong Stock Exchange, stock code: 3698) from October 2011 to December 2015. Prior to that, he had served as the director, vice president of Shanghai City Cooperation Commercial Bank (上海城市合作商業銀行) (currently known as Bank of Shanghai) from December 1995 to May 2010, the director of Shanghai City Credit Cooperatives (上海市城市信用合作社聯社) from February 1991 to December 1995. In addition, he had been appointed as the special expert for decision consulting of the Shanghai People’s Government (上海市人民政府決策諮詢特聘專家 ) from March 2008 to February 2010 and from December 2010 to November 2012. He had served as the part-time professor of Shanghai National Accounting Institute since July 2010, the part-time professor of Overseas Education College of Shanghai Jiao Tong University since January 2011, the visiting professor (2012–2014) of School of Economics of Fudan University from June 2012 to December 2014 and the part-time professor of the College of Business of Shanghai University of Finance and Economics since May 2013.

Mr. WANG graduated from Fudan University (Shanghai, China) in July 1984, majoring in financial management. He completed a joint program of executive master’s of business administration organised by Shanghai National Accounting Institute (Shanghai, China) and Arizona State University (U.S.) in June 2005, and obtained a master’s degree in business administration from Arizona State University (U.S.). He has been a senior economist accredited by PBoC since July 1993.

Mr. LI Huaizhen, aged 59, was appointed as an independent non-executive Director of the Bank in June 2015. He has served as an executive Director and president of China Minsheng Investment Co., Ltd. (中國民生投資股份有限公司) since July 2014, and the director of CM International Capital Limited (中民國際資本有限公司) since November 2014. He has been serving as a director of CM Investment International Holdings Limited (中民投國際控股有限公司) since April 2015. Prior to that, he had served as the vice chairman of the board of supervisions of China Minsheng Banking Corp., Ltd. (中國民生銀行股份有限公司) from April 2012 to June 2014. He had successively served in CBRC as a member of preparatory team of Shandong office, the vice director of Shandong office, the director of Hubei office, and the director of financial accounting department from July 2003 to 2012, the vice president of PBoC Jinan office and the deputy director of SAFE Jinan office from November 1998 to September 2003, the vice president of PBoC Henan office and the deputy director of SAFE Henan office from January 1997 to November 1998. He had successively served in PBoC as the staff member of Zhoukou region branch planning section, the deputy director and the director of Zhoukou region branch office, the vice president of Luohebranch, and the president of Zhengzhou branch from September 1983 to January 1997, and the staff member of PBoC Zhoukou region branch statistics section from March 1980 to September 1981.

71 Bank of Zhengzhou Co., Ltd.

CHAPTER VII DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT, STAFF AND INSTITUTIONS (Continued)

Mr. MA graduated from Northeastern University (Liaoning, China) in June 2011, majoring in project management. He has been an intermediate level accountant accredited by the Ministry of Finance of the PRC since May 2002.

Mr. LIANG Songwei, aged 48, was appointed as a non-executive Director of the Bank in February 2012.

Mr. LIANG has served as the general manager of Zhengzhou Investment Holdings Co., Ltd. (鄭州投資控股有限公司) since November 2008, the director of the aforesaid company since December 2009 and the chairman of the aforesaid company since June 2015. He has served as the business manager of Henan Native Produce Import and Export Co., Ltd. (河南省土產進出口公司) from August 1989 to June 1993, the chairman of Henan Baihe International Highway Technology Co., Ltd. （河南百和國際公路科技有限公司） from July 1993 to August 2006 and the assistant to the general manager of Zhengzhou Baiwen Co., Ltd. (Group) (鄭州百文股份有限公司（集團）) since November 2001. He had served as the director and the deputy general manager of Zhengzhou Baiwen Group Co., Ltd. (鄭州百文集團有限公司) from August 2006 to October 2008, the director of Zhengzhou Middle and Small-sized Enterprises Guarantee Co., Ltd. ( 鄭州中小企業擔保有限公司) since June 2009 and the chairman of Zhengzhou Industry Development Guidance Fund Co., Ltd. (鄭州市產業發展引導基金有限公司) since January 2015.

Mr. LIANG graduated from Graduate School of Chinese Academy of Social Sciences (Beijing, China) in December 1998, majoring in literature and art. He graduated from University of International Business and Economics (Beijing, China) in June 2005, majoring in international trade.

Mr. JI Hongjun, aged 53, was appointed as a non-executive Director of the Bank in February 2012.

Mr. JI has successively served as the deputy general manager and the vice president of Zhongyuan Trust Co., Ltd. (中原信託有限公司) since December 2003, and the director of Great Wall Fund Management Co., Ltd. (長城基金管理有限公司) since December 2008. He had served as the non-executive director of Bank of China Travel Services Co., Ltd. Jiaozuo (焦作中旅銀行股份有限公司) from November 2012 to May 2016. He had served as the deputy chief of finance department of Henan Province Development and Planning Commission (河南省發展計劃委員會 ) from August 2000 to September 2003 (serving as the deputy chief of No. 1 credit loan section of Henan Branch of China Development Bank (國家開發銀行河南省分行 ) from September 2002 to September 2003), the deputy chief of fixed asset investment department of Henan Province Planning Commission (河南省計劃委員會) from February 1999 to August 2000, the deputy chief of senior officer department of Henan Province Planning Commission from April 1997 to February 1999, the principal staff member of foreign economy department of Henan Province Planning Economy Commission (河南省計劃經濟委員會) and Henan Province Planning Commission from April 1993 to April 1997, the deputy chief staff member of foreign economy department of Henan Province Planning Economy Commission from August 1991 to April 1993, the staff member of foreign economy department of Henan Province Planning Economy Commission from January 1989 to August 1991, the clerk of the finance department of Henan Province Planning Economy Commission from September 1987 to January 1989, and the staff of the finance and trade department of Henan Province Planning Economy Commission and finance department of Henan Province Planning Economy Commission from July 1984 to September 1987.

Mr. JI graduated from School of Communist Party of China Henan Province Committee (中共河南省委黨校 ) (Henan, China) in July 1994, majoring in economics (evening college). He obtained a completion certificate of a program of post-graduate course for further studies in finance (金融學專業研究生課程進修班) from Business School of Wuhan University (Hubei, China) in June 2004 and a master’s degree in business administration from the Asia International Open University (Macau) (Macau, China) in November 2010. He has been a financial planner accredited by Beijing Finance Training Centre (北京金融培訓中心) since October 2007.

70Annual Report 2016

CHAPTER VII DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT, STAFF AND INSTITUTIONS (Continued)

Mr. FENG studied finance in Henan College for Finance and Management Officials (河南金融管理幹部學院 ) (Henan, China) (radio and TV college) from August 1983 to July 1986, and graduated from Correspondence Education College of Central School of Communist Party of China (中共中央黨校函授學院)(Beijing, China) in December 1998, majoring in economic management (correspondence education). He has been an economist accredited by PBoC Henan office since October 1993.

Mr. FAN Yutao, aged 50, was appointed as a non-executive Director of the Bank in June 2015.

Mr. FAN has served as the deputy secretary of Zhengzhou Finance Bureau since February 2016. Prior to that, he had served as the staff member of budget section of Zhengzhou Finance Bureau from July 1988 to June 1994, the deputy chief of budget section of Zhengzhou Finance Bureau from June 1994 to April 2002, the chief of budget section of Zhengzhou Finance Bureau from April 2002 to April 2006 and the chief of treasury section of Zhengzhou Finance Bureau from April 2006 to July 2009, and the chief economist of Zhengzhou Finance Bureau between July 2009 and February 2016.

Mr. FAN graduated from Information Engineering College of the People’s Liberation Army of the PRC (中國人民解放軍信息工程學院 ) (Henan, China) in July 1988, majoring in computer science and engineering, and obtained a bachelor’s degree in engineering. He also obtained a completion certificate in accounting from Graduate School of Institute of Finance Science of the Ministry of Finance (財政部財政科學研究所研究生部) (Beijing, China) in July 2001.

Mr. ZHANG Jingguo, aged 53, was appointed as a non-executive Director of the Bank in February 2012.

Mr. ZHANG has served as the chairman and the chief executive officer of Henan Zensun Property Co., Ltd. (河南正商置業有限公司) since January 2001. He has served as the chairman, the executive director and the chief executive director of ZH International Holdings Ltd. (formerly known as Heng Fai Enterprises Limited, listed on the Hong Kong Stock Exchange, stock code: 00185) since July 2015. Prior to that, he had served as the deputy chief of Henan Household Appliances Industry Co., Ltd. (河南省五金家電工業公司) from July 1983 to June 1991, the director of Henan Light Industry Bureau （河南省輕工業廳）from July 1991 to April 1995 and the general manager of Henan Xingye Real Estate Development Co., Ltd. (河南興業房地產開發有限公司) from April 1995 to April 2001.

Mr. ZHANG graduated from the Zhengzhou University (Henan, China) in June 1983, majoring in wireless communication, and obtained a bachelor’s degree in science. He also obtained a completion certificate in international trade from Renmin University of China (Beijing, China) in July 2001 and obtained an executive master’s degree in business administration from Peking University (Beijing, China) in July 2013. He has been a senior engineer accredited by the People’s Government of Henan Province since August 1997.

Mr. MA Jinwei, aged 41, was appointed as a non-executive Director of the Bank in June 2015.

Mr. MA has served as the general manager of Henan Chendong Industry Co., Ltd. (河南晨東實業有限公司) since May 2014. Prior to that, he had served as the chief accountant of the finance department and financial manager of Zhengzhou Yaxing Real Estate Development Co., Ltd. (鄭州亞星房地產開發有限公司) from July 1996 to May 2001, the staff of the group audit department of Henan Shuanghui Industry Group Co., Ltd. ( 河南省雙匯實業集團有限責任公司 ) and the financial director and secretary of the board of Hehan Shuanghui Real Estate Development Co., Ltd. ( 河南雙匯地產發展有限公司) from May 2001 to September 2003. He had successively served as the chief accountant of financial department, the deputy manager of financial department, the group financial manager, the financial director, the deputy general manager and the director of Henan Yinji Real Estate Development Co., Ltd. (河南銀基房地產開發有限公司) from October 2004 to May 2014.

69 Bank of Zhengzhou Co., Ltd.

CHAPTER VII DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT, STAFF AND INSTITUTIONS (Continued)

Mr. WANG graduated from Henan Institute of Finance and Economics (河南財經學院 ) (Henan, China) in June 1988, majoring in public finance, and obtained a bachelor’s degree in economics. He obtained a master’s degree in business administration from National University of Singapore (Singapore) in June 2006 and an executive master’s degree in business administration from Tsinghua University (Beijing, China) in January 2015. He has been attending a program of advanced economics course for further studies (高級經濟學課程進修班) at School of Economics of Huazhong University of Science and Technology (Hubei, China) since July 2015. He has been a senior accountant accredited by the People’s Government of Henan Province since December 1998. In addition, Mr. WANG has been a member of the 12th Congress of the People’s Congress of Henan Province (第十二屆河南省人民代表大會) since January 2013 and was awarded the title of “National Model Worker” (全國勞動模範) in April 2015.

Mr. SHEN Xueqing, aged 51, was appointed as an executive Director of the Bank in February 2012 and appointed as the president of the Bank in December 2011. He is primarily responsible for the daily operations and management of the Bank.

Mr. SHEN has nearly 21 years of experience in banking business operations and management. He joined the Bank in December 2011. Prior to joining the Bank, he held a number of positions in Guangdong Development Bank Co., Ltd. (廣東發展銀行股份有限公司) (currently known as China Guangfa Bank Co., Ltd., 廣發銀行股份有限公司) from June 1996 to November 2011. He had served successively as the deputy manager and the manager of general office, the director of operations department and the assistant to sub-branch president of Huayuan Road sub-branch, Zhengzhou branch from June 1996 to October 2000, the assistant to sub-branch president, the vice president and the president of Dongming Road sub-branch, Zhengzhou branch from October 2000 to July 2004, the general manager of general office and the general manager of No. 3 corporate banking department of Zhengzhou branch from July 2004 to April 2006, the president of Anyang sub-branch from April 2006 to September 2009, and the vice president of Changsha branch from October 2009 to November 2011. Prior to that, he had worked in Financial and Trade Commission of Pingdingshan City, Henan Province (河南省平頂山市財政貿易委員會) and successively served as staff member, deputy chief and deputy director of general office from July 1990 to June 1996.

Mr. SHEN graduated from Henan Institute of Finance and Economics ( 河 南 財 經 學 院 ) (Henan, China) in June 1990, majoring in finance, and obtained a bachelor’s degree in economics. He obtained an executive master’s degree in business administration degree from Xi’an Jiaotong University (Shaanxi, China) in December 2008, and an executive master’s degree in business administration from Tsinghua University (Beijing, China) in July 2015. He has been a senior economist accredited by the People’s Government of Henan Province since December 2005.

Mr. FENG Tao, aged 53, was appointed as an executive director and the vice chairman of the Bank in June 2016. He is primarily responsible for the operation of the internal audit office of the Board.

Mr. FENG has nearly 36 years of experience in the banking industry. He joined the Bank in June 2016. Prior to that, he had worked in Shangcheng County sub-branch of PBoC from December 1980 to August 1983 and served as the clerk, staff member, deputy chief staff member and chief staff member of PBoC Henan branch from July 1986 to December 1998; chief staff member of bank management department of PBoC Zhengzhou Central Sub-branch from December 1998 to September 2003; he had held several positions in CBRC Henan Bureau successively from September 2003 to May 2016 and during his tenure, he had served successively as principal staff member of city commercial banks supervision department, deputy director of logistics service center, deputy chief of No. 2 state-owned bank supervision department, deputy chief of No. 1 offsite supervision department, researcher of No. 1 offsite supervision department and researcher of state-owned bank supervision department from September 2003 to December 2012, chief of CBRC Jiaozuo Branch from December 2012 to February 2015, and chief of City Commercial Banks Regulatory Department from February 2015 to May 2016.

68Annual Report 2016

CHAPTER VII DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT, STAFF AND INSTITUTIONS (Continued)

2.2 Changes of Supervisors during the Reporting Period

On March 28, 2016, Mr. FAN Dalu, the Bank’s Supervisor resigned as a Supervisor and the chairman of the Board of Supervisors of the Bank due to work reallocation and Mr. ZHANG Shengping notified the Board of Supervisors of the Bank that he would resign from the position of Supervisor of the Bank due to relevant national restriction requirements. Ms. ZHAO Lijuan and Mr. XU Changsheng were approved by the Board of Supervisors to be proposed to be appointed as Supervisors of the Bank and the proposal was submitted to the 2015 Annual General Meeting of the Bank for approval. For details of the resignation of Mr. FAN Dalu and Mr. ZHANG Shengping and the proposed appointment of the Bank’s Supervisors of Ms. ZHAO Lijuan and Mr. XU Changsheng, please refer to the announcement of the changes of Supervisors published on March 28, 2016.

Upon election by the 2015 Annual General Meeting of the Bank held on June 17, 2016, Ms. ZHAO Lijuan was elected as a shareholder Supervisor of the Bank and Mr. XU Changsheng was elected as an external Supervisor of the Bank. In the third Extraordinary Meeting in 2016 held by the fifth session of the Board of Supervisors of the Bank on June 17, 2016, Ms. ZHAO Lijuan was elected as the chairman of the Board of Supervisors.

2.3 Changes of Senior Management

In the announcement published by the Bank on March 28, 2016, Ms. ZHAO Lijuan submitted her resignation to the Bank for the position as vice president of the Bank due to work reallocation, and ceased to perform her duties as the vice president from March 26, 2016.

At the third meeting of the fifth session of the Board of Directors of the Bank held on October 24, 2015, Mr. JIANG Tao was appointed as Chief Information Officer of the Bank. His qualification of Chief Information Officer has been approved by the CSRC Henan Office.

3 BIOGRAPHY OF DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT

Directors

Mr. WANG Tianyu, aged 50, was appointed as an executive Director of the Bank in February 2012 and appointed as the chairman of the Bank in March 2011, being primarily responsible for the overall operations and strategic management of the Bank. In addition, Mr. WANG served as the president of the Bank from September 2005 to December 2011 and has served as the chairman of Zhongmu Zhengyin County Bank Co., Ltd. (中牟鄭銀村鎮銀行股份有限公司) since May 2012.

Mr. WANG has nearly 24 years of experience in banking business operations and management. He joined the Bank in August 1996 and had successively served as the president of Jingwu Road sub-branch and the vice president of the Bank from August 1996 to September 2005. Prior to that, Mr. WANG had served as the deputy director of Henan Province Yugong Urban Credit Cooperatives (河南省豫工城市信用社) from May 1993 to May 1996.

67 Bank of Zhengzhou Co., Ltd.

CHAPTER VII DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT, STAFF AND INSTITUTIONS (Continued)

2 CHANGES OF DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT

2.1 Changes of Directors during the Reporting Period

On March 26, 2016, Mr. MA Lei resigned as non-executive Director of the Bank due to work reallocation. Mr. YU Zhanglin was approved by the Board to be proposed to be appointed as non-executive Director of the Bank and the proposal was submitted to the 2015 Annual General Meeting of the Bank for approval. For details of the resignation of Mr. MA Lei and the proposed appointment of Mr. YU Zhanglin as a non-executive Director of the Bank, please refer to the announcement of resignation of non-executive Director and the proposed appointment of non-executive Director published by the Bank on March 26, 2016.

On April 16, 2016, Mr. XU Jianxin passed away due to illness and ceased to be the vice chairman and non-executive Director of the Bank.

On May 28, 2016, Mr. ZHANG Rongshun, an executive Director and vice chairman of the Bank submitted written resignation to the Board due to work reallocation. Mr. FENG Tao was approved by the Board to be proposed to be appointed as an executive Director of the Bank. For details of the resignation of Mr. ZHANG Rongshun and the proposed appointment of Mr. FENG Tao as an executive Director of the Bank, please refer to the announcement of resignation of executive Director and proposed appointment of executive Director published by the Bank on May 28, 2016.

Upon election by the 2015 Annual General Meeting of the Bank held on June 17, 2016, Mr. FENG Tao was elected as an executive Director of the Bank and Mr. YU Zhanglin was elected as a non-executive Director of the Bank. Their qualifications of directorship were approved by the China Banking Regulatory Commission Henan Office on August 4, 2016, and their terms shall be effective from the date of approval to the expiry of the term of office of the fifth session of the Board. It is expected to terminate on the date the 2017 Annual General Meeting shall be held. At the same time, Mr. ZHANG Rongshun resigned as a Director and the vice chairman of the Bank, with effect from August 4, 2016.

In the second Extraordinary Meeting 2016 for the fifth session of the Board held on June 17, 2016, Mr. FENG Tao was also elected as a vice chairman of the Bank. His qualification for the position of vice chairman was approved by the China Banking Regulatory Commission Henan Office on August 4, 2016.

For details of the approval of the qualifications of directorship for Mr. FENG Tao and Mr. YU Zhanglin, please refer to the announcement in relation to the approval of the qualification of directorship by the regulatory body published by the Bank on August 15, 2016.

66Annual Report 2016

CHAPTER VII DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT, STAFF AND INSTITUTIONS (Continued)

Supervisors

Name Gender Date of birth Position in the Bank Term of Office

ZHAO Lijuan (趙麗娟)

F September 1962 Chairman of the Board of Supervisors and Shareholder Supervisor

2016.6.17–2018.6.18

MENG Jun (孟君)

F November 1971 Shareholder Supervisor 2015.6.18–2018.6.18

ZHU Zhihui (朱志輝)

M August 1969 Shareholder Supervisor 2015.6.18–2018.6.18

TANG Yunwei (湯雲為)

M November 1944 External Supervisor 2015.6.18–2018.6.18

LIU Yuhui (劉煜輝)

M October 1970 External Supervisor 2015.6.18–2017.6.24

XU Changsheng (徐長生)

M October 1963 External Supervisor 2016.6.17–2018.6.18

DUAN Ping (段萍)

F April 1966 Employee Supervisor 2015.6.18–2018.6.18

ZHANG Chunge (張春閣)

F December 1968 Employee Supervisor 2015.6.18–2018.6.18

CUI Huarui (崔華瑞)

F May 1967 Employee Supervisor 2015.6.18–2018.6.18

Senior Management

Name Gender Date of birth Position in the Bank

SHEN Xueqing (申學清) M July 1965 PresidentXIA Hua (夏華) M August 1967 Vice PresidentBAI Xiaofeng (白效鋒) M August 1967 Vice PresidentGUO Zhibin (郭志彬) M October 1968 Vice PresidentSUN Haigang (孫海剛) M August 1977 Assistant to PresidentZHANG Wenjian (張文建) M June 1965 Assistant to PresidentMAO Yuezhen (毛月珍) F April 1963 Chief AccountantFU Chunqiao (傅春喬) M October 1973 Secretary of the Board of DirectorsJIANG Tao (姜濤) M April 1972 Chief Information Officer

65 Bank of Zhengzhou Co., Ltd.

CHAPTER VII DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT, STAFF AND INSTITUTIONS

1 DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT AS AT DECEMBER 31, 2016

Directors

Name Gender Date of birth Position in the Bank Term of Office

WANG Tianyu (王天宇)

M March 1966 Chairman, Executive Director 2015.6.18–2018.6.18

SHEN Xueqing (申學清)

M July 1965 President, Executive Director 2015.6.18–2018.6.18

FENG Tao (馮濤)

M September 1963 Vice Chairman、Executive Director 2016.6.17–2018.6.18

FAN Yutao (樊玉濤)

M May 1966 Non-executive Director 2015.9.8–2018.6.18

ZHANG Jingguo (張敬國)

M July 1963 Non-executive Director 2015.6.18–2018.6.18

MA Jinwei (馬金偉)

M January 1976 Non-executive Director 2015.9.8–2018.6.18

LIANG Songwei (梁嵩巍)

M August 1968 Non-executive Director 2015.6.18–2018.6.18

JI Hongjun (姬宏俊)

M June 1963 Non-executive Director 2015.6.18–2018.6.18

YU Zhanglin (于章林)

M December 1966 Non-executive Director 2016.6.17–2018.6.18

WANG Shihaoi (王世豪)

M April 1950 Independent non-executive Director 2015.6.18–2018.6.18

LI Huaizhen (李懷珍)

M June 1957 Independent non-executive Director 2015.9.8–2018.6.18

XIE Taifeng (謝太峰)

M August 1958 Independent non-executive Director 2015.9.8–2018.6.18

WU Gei (吳革)

M May 1967 Independent non-executive Director 2015.9.8–2018.6.18

CHAN Mei Bo Mabel (陳美寶)

F November 1971 Independent non-executive Director 2015.9.8–2018.6.18

64Annual Report 2016

CHAPTER VI CHANGES IN SHARE CAPITAL AND INFORMATION ON SHAREHOLDERS (Continued)

3 HOLDERS WITH 5% OR MORE SHAREHOLDING IN THE BANK

As at the end of the Reporting Period, Zhengzhou Finance Bureau directly held 490,904,755 Shares, accounting for 9.22% of the total issued Shares of the Bank.

4 PLEDGE AND FREEZING OF SHARES OF THE BANK

As at the end of the Reporting Period, to the knowledge of the Bank, 1,534,770,970 Shares of the Bank were subject to pledge (accounting for 28.84% of the total issued shares of the Bank), 62,749,657 Shares were subject to freezing. 20,055,000 Shares were subject to judicial auction during the Reporting Period.

5 INITIAL PUBLIC OFFERING OF A SHARES

The 2016 first extraordinary meeting was convened by the Bank on September 27, 2016, on which the proposal for initial public offering of A Shares was considered and approved. The Bank proposed to issue no more than 600,000,000 Shares, representing 15.77% and 11.27% of the Domestic Shares in issue and the total number of issued Shares respectively, as at the end of the Reporting Period. The actual total offering size will be determined through negotiations between the Board with the sponsor (lead underwriter) after being authorized by the shareholders’ general meeting based on capital requirements of the Bank, the Bank’s communications with the regulatory authorities and the prevailing market conditions at the time of the offering. For details in relation to, among others, the A Share Offering, please refer to the circular of the Bank dated August 13, 2016 and the announcements of the Bank dated July 16, 2016, August 13, 2016, September 27, 2016, December 23, 2016 and December 29, 2016 respectively.

The Bank has submitted application materials in respect of the A Share Offering, including the A Share prospectus, to the CSRC, and CSRC has accepted the application on December 22, 2016. The A Share prospectus has been published on the website of CSRC at www.csrc.gov.cn and pursuant to Rule 13.10B of the Listing Rules, the website of Hong Kong Exchanges and Clearing Limited at www.hkexnews.hk and the website of the Company at www.zzbank.cn on the same day. The Bank will disclose further details and development in respect of the A Share Offering as and when appropriate.

63 Bank of Zhengzhou Co., Ltd.

CHAPTER VI CHANGES IN SHARE CAPITAL AND INFORMATION ON SHAREHOLDERS (Continued)

10 Henan Guoyuan Trade Co., Ltd. (河南國原貿易有限公司) is owned as to 90% by ZHU Zhihui (朱志暉), our Supervisor, and 10% by his spouse, WANG Linhui (王林輝). By virtue of SFO, ZHU Zhihui (朱志暉) is deemed to be interested in the Shares held by Henan Guoyuan Trade Co., Ltd. (河南國原貿易有限公司). ZHU Zhihui (朱志暉), our Supervisor, is the chairman of the board of directors of Henan Guoyuan Trade Co., Ltd. (河南國原貿易有限公司).

11 These 254,500,000 Shares are directly held by Power Universal Golden Limited, which in turn is wholly-owned by Amuse Peace Limited. Amuse Peace Limited is wholly-owned by ZHANG Xiaodong (張曉東). By virtue of SFO, Amuse Peace Limited and ZHANG Xiaodong (張曉東) are deemed to be interested in the Shares held by Power Universal Golden Limited.

Subsequent to the Reporting Period and up to the Latest Practicable Date, Power Universal Golden Limited is wholly held by Plan Marvel Investment Limited, which in turn is wholly-owned by Ding Pengyun (丁鵬雲). By virtue of SFO, Plan Marvel Investment Limited and Ding Pengyun (丁鵬雲 ) are deemed to be interested in the Shares held by Power Universal Golden Limited, and Amuse Peace Limited and Zhang Xiaodong (張曉東 ) cease to have any interest in the Shares held by Power Universal Golden Limited.

12 Hong Kong Xingrui International Investment Co., Limited ( 香 港 興 瑞 國 際 投 資 有 限 公 司 ) (“Hong Kong Xingrui”) is wholly-owned by Zhengzhou Airport Zone Xingrui Industrial Co., Limited (鄭州航空港區興瑞實業有限公司 ) (“Xingrui Industrial”), being a state-owned company under the Zhenzhou Airport Zone Economic Integrated Experimental Zone (Zhengzhou Xinzheng Integrated Free Trade Zone) Management Committee (鄭州航空港經濟綜合實驗區（鄭州新鄭綜合保稅區）管理委員會), which was formerly known as Zhengzhou Xinzheng Integrated Free Trade Zone (Zhengzhou Airport Zone) Management Committee (鄭州新鄭綜合保稅區（鄭州航空港區）管理委員會)). Xingrui Industrial is owned as to 51% and 49% by Zhengzhou Airport Zone Xinggang Investment Co., Limited (鄭州航空港興港投資發展有限公司) (formerly known as: Zhengzhou Xinzheng Integrated Free Trade Zone (Zhengzhou Airport Zone) Xinggang Investment and Development Co., Limited (鄭州新鄭綜合保稅區（鄭州航空港區）興港投資發展有限公司) (“Zhengzhou Xinggang”), and Shenzhen Qianhai Ruimaotong Supply Chain Platform Service Co., Limited (深圳前海瑞茂通供應鏈平台服務有限公司) (“Ruimaotong”). Ruimaotong is wholly-owned by Jiangsu Jinhe Electricity and Fuel Limited (江蘇晉和電力燃料有限公司) (“Jiangsu Jinhe”), being a company listed on the Shanghai Stock Exchange, which is in turn wholly-owned by Ruimaotong Supply Chain Management Co., Limited (瑞茂通供應鏈管理股份有限公司) (“Ruimaotong Supply Chain Management”). Ruimaotong Supply Chain Management is owned as to 60.76% by Zhengzhou Ruimaotong Supply Chain Management Company Limited (鄭州瑞茂通供應鏈有限公司) (“Zhengzhou Ruimaotong”). Zhengzhou Ruimaotong is wholly-owned by Zhengzhou Zhongrui Investment Company Limited (鄭州中瑞投資有限公司 ) (formerly known as Henan Zhongrui Investment Company Limited (河南中瑞投資有限公司 )) (“Zhengzhou Zhongrui”), which is owned as to 70% by WAN Yongxing (萬永興). By virtue of SFO, Xingrui Industrial, Zhengzhou Xinggang, Ruimaotong, Jiangsu Jinhe, Ruimaotong Supply Chain Management, Zhengzhou Ruimaotong, Zhengzhou Zhongrui and WAN Yongxing (萬永興) are deemed to be interested in the Shares held by Hong Kong Xingrui.

13 Zhengzhou Zhengdong New District Construction and Development Investment Corporation (鄭州市鄭東新區建設開發投資總公司) is established by the Zhengzhou Zhengdong New District Management Committee (鄭州市鄭東新區管理委員會).

14 Beijing Shang Finance Management Co., Ltd is owned as to 99.83% by Mr. WEI Lidong (尉立東 ) and Beijing Shang Finance Management Co., Ltd. holds 129,000,000 Shares of the Bank through certain subsidiaries.

15 Henan Hongbao Group Company Limited is owned by Yuan Guibao ( 袁 桂 寶 ) as to 39%. By virtue of SFO, Yuan Guibao is deemed to be interested in the Shares held by Henan Hongbao Group Company Limited.

Save as disclosed above, as at December 31, 2016, the Bank is not aware of any other person (other than the Directors, Supervisors and the chief executive of the Bank) having any interests or short positions in the Shares or underlying Shares of the Bank as recorded in the register required to be kept by the Bank pursuant to Section 336 of the SFO.

62Annual Report 2016

CHAPTER VI CHANGES IN SHARE CAPITAL AND INFORMATION ON SHAREHOLDERS (Continued)

1 The 65,258,982 Shares, 50,000,000 Shares, 85,133,944 Shares, 50,000,000 Shares and 1,837,127 Shares of the Bank are held by Zhengzhou Development & Investment Group Co., Ltd. (鄭州發展投資集團有限公司 ), Zhengzhou City Sanitation & Cleaning Co., Ltd. (鄭州市環衛清潔有限公司) and Zhengzhou City Sewage Purification Co., Ltd. (鄭州市污水淨化有限公司), Zhengzhou Municipal Construction Engineering General Corporation（鄭州市市政工程總公司） and Zhengzhou Running Water Investment Holdings Co., Ltd. (鄭州自來水投資控股有限公司), respectively, each of which is directly or indirectly wholly-owned by Zhengzhou Finance Bureau (鄭州市財政局). By virtue of SFO, Zhengzhou Finance Bureau (鄭州市財政局) is deemed to be interested in the Shares held by Zhengzhou Development & Investment Group Co., Ltd. (鄭州發展投資集團有限公司), Zhengzhou City Sanitation & Cleaning Co., Ltd. (鄭州市環衛清潔有限公司), Zhengzhou City Sewage Purification Co., Ltd. (鄭州市污水淨化有限公司), Zhengzhou Municipal Construction Engineering General Corporation（鄭州市市政工程總公司） and Zhengzhou Running Water Investment Holdings Co., Ltd. (鄭州自來水投資控股有限公司). FAN Yutao (樊玉濤), our non-executive Director, is the deputy Director of Zhengzhou Finance Bureau (鄭州市財政局).

Subsequent to the Reporting Period and up to the Latest Practicable Date, Zhengzhou Finance Bureau ceases to own, whether direct or indirect, Zhengzhou City Sewage Purification Co., Ltd. (鄭州市污水淨化有限公司 ) and Zhengzhou Running Water Investment Holdings Co., Ltd. (鄭州自來水投資控股有限公司) due to the changes of shareholding structure. By virtue of SFO, Zhengzhou Finance Bureau is not deemed to be interested in the Shares of the Bank held by Zhengzhou City Sewage Purification Co., Ltd. and Zhengzhou Running Water Investment Holdings Co., Ltd..

2 Yutai International (Henan) Real Estate Development Co., Ltd. (豫泰國際（河南）房地產開發有限公司) is wholly-owned by Henan Yutai Investment & Development Co., Ltd. (河南省豫泰投資發展集團有限公司), which in turn was owned by ZHANG Xinya (張欣雅) as to 80% of its shares at the end of the Reporting Period. By virtue of SFO, Henan Yutai Investment & Development Co., Ltd. (河南省豫泰投資發展集團有限公司) and ZHANG Xinya (張欣雅) are deemed to be interested in the Shares held by Yutai International (Henan) Real Estate Development Co., Ltd. (豫泰國際（河南）房地產開發有限公司).

3 Henan Xingye Real Estate Development Co., Ltd. (河南興業房地產開發有限公司 ) is owned by Henan Zensun Enterprise Development Co., Ltd. (河南正商企業發展有限責任公司) as to 97.8%. Henan Zensun Enterprise Development Co., Ltd. (河南正商企業發展有限責任公司) is in turn owned by ZHANG Huiqi (張惠琪) as to 90%. By virtue of SFO, Henan Zensun Enterprise Development Co., Ltd. (河南正商企業發展有限責任公司) and ZHANG Huiqi (張惠琪) are deemed to be interested in the Shares held by Henan Xingye Real Estate Development Co., Ltd. (河南興業房地產開發有限公司). ZHANG Huiqi (張惠琪) is the daughter, being above the age of 18, of ZHANG Jiangguo (張敬國), our non-executive Director.

4 MA Jinwei (馬金偉), our non-executive Director, is the general manager of Henan Chendong Industry Co., Ltd. (河南晨東實業有限公司).

5 Henan Chendong Industry Co., Ltd. (河南晨東實業有限公司) is owned as to 50% and 50% by DU Liling (杜麗玲) and WANG Meilan (王梅蘭). By virtue of SFO, each of DU Liling (杜麗玲) and WANG Meilan (王梅蘭) is deemed to be interested in the Shares held by Henan Chendong Industry Co., Ltd. (河南晨東實業有限公司).

6 LIANG Songwei (梁嵩巍), our non-executive Director, is the chairman of Zhengzhou Investment Holdings Co., Ltd. (鄭州投資控股有限公司).

7 Zhongyuan Trust Co., Ltd. (中原信託有限公司) has acquired 9,426,471 domestic Shares of the Bank held by Xinxiang Jingshun Textile Co., Ltd. (新鄉市景順紡織有限公司 ) pursuant to the agreement dated January 23, 2017 and 25,000,000 domestic Shares of the Bank held by Henan Hongqi Coal Co., Ltd. (河南紅旗煤業股份有限公司) on February 17 and February 23, 2017 respectively. Upon completion of the share transfer, Zhongyuan Trust Co., Ltd. (中原信託有限公司) will hold 239,426,471 Shares of the Bank.

8 Zhongyuan Trust Co., Ltd. (中原信託有限公司) is owned by Henan Investment Group Co., Ltd. (河南投資集團有限公司) and Henan Zhongyuan Express Co., Ltd. (河南中原高速公路股份有限公司) as to approximately 46.43% and 31.91%, respectively. Henan Zhongyuan Express Co., Ltd. (河南中原高速公路股份有限公司) is owned by Henan Transport Investment Group Co., Ltd. (河南交通投資集團有限公司) as to approximately 45.09%. By virtue of SFO, Henan Investment Group Co., Ltd. (河南投資集團有限公司), Henan Zhongyuan Express Co., Ltd. (河南中原高速公路股份有限公司) and Henan Transport Investment Group Co., Ltd. (河南交通投資集團有限公司) are deemed to be interested in the Shares held by Zhongyuan Trust Co., Ltd. (中原信託有限公司). JI Hongjun (姬宏俊), our non-executive Director, is the vice president of Zhongyuan Trust Co., Ltd. (中原信託有限公司).

9 These 294,769,212 Shares are directly or indirectly held by Henan Investment Group Co., Ltd. (河南投資集團有限公司), including 89,769,212 Shares directly held by Henan Investment Group Co., Ltd. (河南投資集團有限公司) and 205,000,000 Shares held by Zhongyuan Trust Co., Ltd. (中原信託有限公司) which is owned as to approximately 46.43% by Henan Investment Group Co., Ltd. (河南投資集團有限公司). By virtue of SFO, Henan Investment Group Co., Ltd. (河南投資集團有限公司) is deemed to be interested in the Shares held by Zhongyuan Trust Co., Ltd. (中原信託有限公司).

61 Bank of Zhengzhou Co., Ltd.

CHAPTER VI CHANGES IN SHARE CAPITAL AND INFORMATION ON SHAREHOLDERS (Continued)

Name of Substantial Shareholder

Class of Shares

Long/Short positions Nature

Number of Shares held

directly or indirectly

Percentage of issued

Shares of the relevant class

Percentage of total

issued Shares(Shares) (%) (%)

Shenzhen Qianhai Ruimaotong Supply Chain Platform Service Co., Limited (深圳前海瑞茂通供應鏈平台服務有限公司)

H Shares Long Interest of controlled corporation12

100,000,000 6.58 1.88

Jiangsu Jinhe Electricity and Fuel Limited (江蘇晉和電力燃料 有限公司)

H Shares Long Interest of controlled corporation12

100,000,000 6.58 1.88

Ruimaotong Supply Chain Management Co., Limited (瑞茂通供應鏈管理股份有限公司)

H Shares Long Interest of controlled corporation12

100,000,000 6.58 1.88

Zhengzhou Ruimaotong Supply Chain Management Company Limited (鄭州瑞茂通供應鏈有限公司)

H Shares Long Interest of controlled corporation12

100,000,000 6.58 1.88

Zhengzhou Zhongrui Investment Company Limited (鄭州中瑞投資有限公司) (formerly known as Henan Zhongrui Investment Company Limited (河南中瑞投資有限公司))

H Shares Long Interest of controlled corporation12

100,000,000 6.58 1.88

WAN Yongxing (萬永興) H Shares Long Interest of controlled corporation12

100,000,000 6.58 1.88

Zhengzhou Zhengdong Construction Investment Corporation (鄭州市鄭東新區建設開發投資總公司)

H Shares Long Beneficial owner13 100,000,000 6.58 1.88

Beijing Shang Finance Management Co., Ltd. (北京尚融資本管理 有限公司)

H Shares Long Interest of controlled corporation14

129,000,000 8.50 2.42

WEI Lidong (尉立東) H Shares Long Interest of controlled corporation14

129,000,000 8.50 2.42

Henan Hongbao Group Company Limited (河南鴻寶集團有限公司)

H Shares Long Beneficial owner 99,000,000 6.52 1.86

YUAN Guibao (袁桂寶) H Shares Long Interest of controlled corporation15

99,000,000 6.52 1.86

60Annual Report 2016

CHAPTER VI CHANGES IN SHARE CAPITAL AND INFORMATION ON SHAREHOLDERS (Continued)

Name of Substantial Shareholder

Class of Shares

Long/Short positions Nature

Number of Shares held

directly or indirectly

Percentage of issued

Shares of the relevant class

Percentage of total

issued Shares(Shares) (%) (%)

Henan Transport Investment Group

Co., Ltd. (河南交通投資集團有限 公司)

Domestic Shares

Long Interest of controlled corporation8

205,000,000 5.39 3.85

Henan Investment Group Co., Ltd. (河南投資集團有限公司)

Domestic Shares

Long Beneficial owner9 294,769,212 7.75 5.54

Interest of controlled corporation9

Henan Guoyuan Trade Co., Ltd. (河南國原貿易有限公司)

Domestic Shares

Long Beneficial owner10 199,046,474 5.23 3.74

Power Universal Golden Limited

(力通金有限公司)H Shares Long Beneficial owner11 254,500,000 16.77 4.78

Amuse Peace Limited (樂和有限公司)

H Shares Long Interest of controlled corporation11

254,500,000 16.77 4.78

ZHANG Xiaodong (張曉東) H Shares Long Interest of controlled corporation11

254,500,000 16.77 4.78

China Goldjoy Securities Limited (中國金洋證券有限公司) (formerly known as China Yinsheng Securities Limited （中國銀盛證券有限公司）)

H Shares Long Custodian 218,289,000 14.38 4.10

Hong Kong Xingrui International Investment Co., Limited (香港興瑞國際投資有限公司)

H Shares Long Beneficial owner 100,000,000 6.58 1.88

Zhengzhou Airport Zone Xingrui Industrial Co., Limited (鄭州航空港區興瑞實業有限公司)

H Shares Long Interest of controlled corporation12

100,000,000 6.58 1.88

Zhengzhou Airport Zone Xinggang Investment and Development Co., Limited (鄭州航空港興港投資發展有限公司) (formerly known as Zhengzhou Xinzheng Integrated Free Trade Zone (Zhengzhou Airport Zone) Xinggang Investment and Development Co., Limited (鄭州新鄭綜合保稅區（鄭州航空港區）興港投

資發展有限公司))

H Shares Long Interest of controlled corporation12

100,000,000 6.58 1.88

59 Bank of Zhengzhou Co., Ltd.

CHAPTER VI CHANGES IN SHARE CAPITAL AND INFORMATION ON SHAREHOLDERS (Continued)

Interests and short positions of substantial Shareholders and other persons in the Shares and underlying Shares

Based on the knowledge of the Directors or chief executive of the Bank, as at December 31, 2016, the following persons, other than Directors, Supervisors and chief executive of the Bank, had, or were deemed or taken to have interests or short positions in the Shares and underlying Shares of the Bank which would fall to be disclosed to the Bank and Hong Kong Stock Exchange under provisions of Divisions 2 and 3 of Part XV of the SFO or, which were recorded in the register required to be kept by the Bank under Section 336 of the SFO were as follows:

Name of Substantial Shareholder

Class of Shares

Long/Short positions Nature

Number of Shares held

directly or indirectly

Percentage of issued

Shares of the relevant class

Percentage of total

issued Shares(Shares) (%) (%)

Zhengzhou Finance Bureau

(鄭州市財政局)Domestic

SharesLong Beneficial owner 743,134,808 19.53 13.96

Interest of controlled corporation1

Yutai International (Henan) Real Estate Development Co., Ltd. (豫泰國際 （河南）房地產開發有限公司)

Domestic Shares

Long Beneficial owner 262,000,000 6.89 4.92

Henan Yutai Investment & Development Co., Ltd. (河南省豫泰投資發展集團有限公司)

Domestic Shares

Long Interest of controlled corporation2

262,000,000 6.89 4.92

ZHANG Xinya (張欣雅) Domestic Shares

Long Interest of controlled corporation2

262,000,000 6.89 4.92

Henan Xingye Real Estate Development Co., Ltd. (河南興業房地產開發 有限公司)

Domestic Shares

Long Beneficial owner 250,000,000 6.57 4.70

Henan Zensun Enterprise Development Co., Ltd. (河南正商企業發展有限 責任公司)

Domestic Shares

Long Interest of controlled corporation3

250,000,000 6.57 4.70

ZHANG Huiqi (張惠琪) Domestic Shares

Long Interest of controlled corporation3

250,000,000 6.57 4.70

Henan Chendong Industry Co., Ltd. (河南晨東實業有限公司)

Domestic Shares

Long Beneficial owner4 226,000,000 5.94 4.25

DU Liling (杜麗玲) Domestic Shares

Long Interest of controlled corporation5

226,000,000 5.94 4.25

WANG Meilan (王梅蘭) Domestic Shares

Long Interest of controlled corporation5

226,000,000 5.94 4.25

Zhengzhou Investment Holdings Co., Ltd. (鄭州投資控股有限公司)

Domestic Shares

Long Beneficial owner6 215,678,764 5.67 4.05

Zhongyuan Trust Co., Ltd. (中原信託有限公司)

Domestic Shares

Long Beneficial owner7 205,000,000 5.39 3.85

Henan Zhongyuan Express Co., Ltd. (河南中原高速公路股份有限公司)

Domestic Shares

Long Interest of controlled corporation8

205,000,000 5.39 3.85

58Annual Report 2016

CHAPTER VI CHANGES IN SHARE CAPITAL AND INFORMATION ON SHAREHOLDERS (Continued)

2.2 Shareholdings of Shareholders

Shareholdings of Top 10 Shareholders of Non-Overseas Listed Domestic Shares

At December 31, 2016, shareholdings of top 10 Shareholders of non-overseas listed Domestic Shares were as follows:

Number Name of ShareholderNature of Shareholder

Number ofShares

held at the end of the period

Shareholding Percentage of total number

of issuedShares

Type of Shares

Pledged or frozen

(Shares) (%) (Shares)

1 Zhengzhou Finance Bureau (鄭州市財政局)

State-owned 490,904,755 9.22 Domestic Shares

220,900,000

2 Yutai International (Henan) Real Estate Development Co., Ltd. (豫泰國際 （河南）房地產開發有限公司)

Domestic non-state owned legal person

262,000,000 4.92 Domestic Shares

262,000,000

3 Henan Xingye Real Estate Development Co., Ltd. (河南興業房地產開發有限公司)

Domestic non-state owned legal person

250,000,000 4.70 Domestic Shares

124,999,990

4 Henan Chendong Industry Co., Ltd. (河南晨東實業有限公司)

Domestic non-state owned legal person

226,000,000 4.25 Domestic Shares

225,000,000

5 Zhengzhou Investment Holdings Co., Ltd. (鄭州投資控股有限公司)

State-owned legal person

215,678,764 4.05 Domestic Shares

–

6 Zhongyuan Trust Co., Ltd.1 (中原信託有限公司)

Domestic non-state owned legal person

205,000,000 3.85 Domestic Shares

–

7 Henan Guoyuan Trade Co., Ltd. (河南國原貿易有限公司)

Domestic non-state owned legal person

199,046,474 3.74 Domestic Shares

149,500,000

8 Bridge Trust Co., Ltd. (百瑞信託有限責任公司)

State-owned legal person

114,697,149 2.16 Domestic Shares

–

9 Henan Shengrun Holding Group Co., Ltd. (河南盛潤控股集團有限公司)

Domestic non-state owned legal person

100,000,000 1.88 Domestic Shares

–

10 Henan Masahiro Properties Limited (河南正弘置業有限公司)

Domestic non-state owned legal person

100,000,000 1.88 Domestic Shares

49,999,990

1. Zhongyuan Trust Co., Ltd. (中原信託有限公司) has acquired 9,426,471 domestic shares of the Bank held by Xinxiang Jingshun Textile Co., Ltd. (新鄉市景順紡織有限公司) pursuant to the agreement dated January 23, 2017 and the aggregate of 25,000,000 domestic Shares of the Bank held by Henan Hongqi Coal Co., Ltd. (河南紅旗煤業股份有限公司) on February 17 and February 23, 2017 respectively. Upon completion of the share transfer, Zhongyuan Trust Co., Ltd. (中原信託有限公司) will hold 239,426,471 Shares of the Bank.

57 Bank of Zhengzhou Co., Ltd.

CHAPTER VI CHANGES IN SHARE CAPITAL AND INFORMATION ON SHAREHOLDERS

1 CHANGES IN SHARE CAPITAL OF THE BANK

December 31, 2015

Changes during the Reporting

Period December 31, 2016

Number Proportion Number Number Proportion

(Shares) (%) (Shares) (Shares) (%)

Domestic Shares 3,821,931,900 74.33 (18,000,000)1 3,803,931,900 71.48Overseas listed foreign Shares 1,320,000,000 25.67 198,000,0002 1,518,000,000 28.52Total number of Shares 5,141,931,900 100.00 5,321,931,900 100.00

1 Pursuant to the exercise of the over-allotment option with a total of 180,000,000 H shares, in accordance with relevant PRC regulations regarding the transfer of state-owned shares and the “Letter on Issues Regarding the Reduction and Transfer of State-owned Shares of Bank of Zhengzhou Co., Ltd. For Its Listing in Hong Kong” (Shebaojijinfa [2015] No. 176) of National Council for Social Security Fund (“the NSSF”), the Selling Shareholders are required to sell an aggregate of 18,000,000 additional Sale Shares (being the number of H Shares converted from Domestic Shares on a one-for-one basis in accordance with the relevant PRC regulations), equivalent to 10% of the number of the H Shares to be issued by the Bank pursuant to the exercise of the over-allotment option, and remit the proceeds to the account designated by the NSSF.

2 Upon completion of the H Shares Public Offering, the Bank issued and sold 198,000,000 H shares pursuant to the exercise of the over-allotment option on January 15, 2016.

2 INFORMATION ON SHAREHOLDERS

2.1 Total number of Shareholders during the Reporting Period

As at December 31, 2016, the Bank had a total of 3,626 holders of Domestic Shares.

56Annual Report 2016

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

9.7.6 Reputational risk

Reputational risk refers to the risk of negative publicity and comments on the Bank due to our operations, management and other activities or external events. Our objectives for reputational risk management are to identify, monitor, control and eliminate reputational risk by establishing a positive, reasonable and effective mechanism for reputational risk management in order to build and maintain our good corporate image and boost our sustainable development.

We have established a tiered organisational framework for reputational risk management. The Board bears the ultimate responsibility for reputation risk management and our senior management is responsible for our reputational risk management. We have set up a Reputational Risk Management Committee under our senior management to ensure the normal and effective operation of the reputational risk management system. The general office at the head office takes the lead in managing our reputation risk and is responsible for the day-to-day management of reputational risk.

9.7.7 Implementation of the New Basel Capital Accord

Since the beginning of 2013, the Bank has been committed to implementing the New Basel Capital Accord by selecting a development plan which matches the Bank’s business strategy, scale and complexity, and by actively formulating and implementing the Foundation Internal Rating Based Approach (IRB) for capital measurement in accordance with the Measures Governing the New Capital of Commercial Banks (Trial Implementation) and other regulatory policies. By enhancing corporate governance structure, establishing a sound risk management system and improving information technology system, the Bank aimed to meet all the regulatory requirements. Following the commencement of a comprehensive risk management project in 2013, the Bank has currently completed the establishment of an application scorecard system for the retail credit business, a collateral management system, a standard approach to operational risk and Governance, Risk & Compliance (GRC) system, an interest rate risk system for bank accounts, the consultation on liquidity risk management, the development of a credit rating model for debts of the treasury business and the development of a scoring model for credit cards. Meanwhile, the Bank is also active in other projects such as the standard approach to market risk, Risk-Weighted Assets (RWA) and Internal Capital Adequacy Assessment Process (ICAAP). In 2016, the Bank also set up a leading group for the implementation of the new capital agreement to promote the construction of the new capital agreement of the Bank at a higher stage.

55 Bank of Zhengzhou Co., Ltd.

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

We manage our liquidity risk mainly through monitoring the maturities of our assets and liabilities and step up our efforts to improve our liquidity risk management. We have implemented the heightened regulatory requirements through closely monitoring various liquidity ratios, formulating contingency plans and strengthening liquidity risk management and stress tests. At present, we manage our liquidity risk through liquidity stress tests, liquidity limit system, the second generation of China National Advanced Payment System, position reporting and certain other tools. We are developing the cash flow analysis and management tools.

9.7.5 Information technology risk

Information technology risk refers to the operational, legal, reputational and other risks caused by natural factors, human factors, technical loopholes and flawed management in the course of our use of information technology. Our objectives for information technology risk management are to identify, assess, monitor and control information technology risks by establishing an effective mechanism to operate our business in a safe, continuous and stable environment. We seek to operate our business in a safe and robust information technology environment and drive business innovation with advanced information technologies. The Information Technology Management Committee under our senior management is responsible for coordinating on the performance of various responsibilities for information technology management, to ensure the allocation of adequate human and financial resources, and maintaining a stable and secure information technology environment. The information technology department is responsible for the implementation of information technology risk management policies and procedures.

Under the leadership of the Board and senior management, we have established a tiered information technology risk management framework based on the “three lines of defence”, namely, the business, risk management and audit. In addition, we seek to establish effective infrastructures to identify, monitor and control information technology risk and facilitate the safe, continuous and stable operation of our information technology system and to improve our sustainability. We establish a comprehensive information technology risk management system through the development, operation and maintenance of information system, management of information security and business continuity. In respect of the operation and maintenance management of our information technology system, we seek to improve the overall stability and availability of our information technology system by improving its structure and preventive maintenance. In respect of information security, we seek to build up an information security control mechanism and technology protection methodologies through establishing effective processes for management of user authentication and access control, rigorously implementing standard operation processes, managing transactions and activity logs and employing encryption techniques. In respect of business continuity, we have built a local application disaster recovery centre in Zhengzhou and a non-local disaster recovery data centre in Dongguan to ensure business continuity and reliability.

In 2016, the Bank conducted the business management training on a consecutive basis, which formulated the consecutive business scenarios of the year, and carried out electronic business interruption emergency drills with a satisfactory result.

54Annual Report 2016

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

Market risk associated with trading book

Market risk associated with our trading book mainly refers to the changes in the asset value of the financial products in the trading book caused by the changes in market interest rates. By setting the interest rate-sensitive indicators, cut-loss limits and other market risk limits, the Bank revalues the market value of the assets in the trading book on a daily basis and conducts stress tests on a regular basis so that the market risk associated with the trading book is overall controllable.

9.7.3 Operational risk

Operational risk refers to the risk of loss that may be incurred due to inadequate or failed internal procedures, personnel or information technology systems, or external events. We are exposed to operational risk primarily through internal and external frauds, worksite safety failures, business interruptions, damage of tangible assets and failure in information technology system. Our operational risk management objectives are to establish a sound operational risk management framework to carry out effective management of operational risks and to minimise losses from operational risk.

The Bank continuously promotes the construction of operational risk management system, improve three operational risk tools and capital measurement. We have established a sound operational risk reporting system to submit reports to the Board, the Board of Supervisors and senior management on a timely basis. Operational risk inspections are conducted to prevent risk hazards and significant operational risks in key areas.

9.7.4 Liquidity risk

Liquidity risk refers to the risk of failure to acquire sufficient funds in time or failure to acquire sufficient funds at a reasonable cost to fulfil payment obligations. Factors affecting our liquidity include the maturity mix of our assets and liabilities and changes to banking regulations, such as changes in the requirements relating to loan-to-deposit ratio and statutory deposit reserve ratio. We are exposed to liquidity risk primarily in the funding of our lending, trading and investment activities, as well as in the management of our cash flow positions. The objectives of our liquidity risk management are to ensure the availability of adequate funding at all times to meet our payment obligations and fund our business operations on a timely basis.

Our organisational structure for liquidity risk management is formed on the basis of separation of the responsibilities for the formulation, implementation and supervision of liquidity risk management policies and procedures. The Board bears the ultimate responsibility for our liquidity risk management. The Risk Management Committee under the Board is responsible for approving the liquidity risk management policies and strategies developed by the senior management. The Asset and Liability Management Committee under our senior management is responsible for the management of liquidity risk across the Bank, specifically, responsible for formulating our liquidity management policies and leading the implementation of these policies. The Board of Supervisors is responsible for supervising the Board and senior management in carrying out liquidity risk management on a day-to-day basis. Relevant departments, such as the financial planning department, the financial markets department, the interbank department and the asset management department, are responsible for liquidity risk management on a day-to-day basis.

53 Bank of Zhengzhou Co., Ltd.

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

9.7.2 Market risk

Market risk is the risk of loss in on- and off-balance-sheet positions arising from movements in market prices. We are exposed to market risks through our banking portfolio and trading portfolio. The primary market risks associated with our banking portfolio are interest rate risk and exchange rate risk. The primary risk associated with our trading portfolio is fluctuations in the market value of our trading positions, which are affected by movements in observable market variables such as interest rates and exchange rates. We seek to control potential market losses within acceptable limits based on our risk appetite while we seek to maximise risk-adjusted returns.

Our organisational structure for market risk management covers the front, middle and back offices. Our Board bears the ultimate responsibility for supervising our market risk management. Our senior management is responsible for the implementation of market risk management strategies and policies approved by our Board. Market risk management is led by the risk management department, while the functions of market risk management are actually distributed among the risk management department, the financial planning department, the financial markets department, the interbank department, the trade finance department and the asset management department. To effectively perform its market risk management function, the risk management department has appointed designated market risk management personnel to the financial markets department to participate in the middle office management of the bond trading business in the financial markets department. Our market risk management consists of the identification, measuring, monitoring and control of market risk. We also set different authorised risk limits for various products based on factors such as our overall market risk tolerance level, business strategy as well as market conditions for specific products. We set different exposure limits and employ different quantitative measures to manage different types of market risk arising from our banking book and trading book.

Market risk associated with banking book

1. Interest rate risk

Interest rate risk associated with our banking book primarily refers to the risk of loss caused to the overall earnings and economic value of banking book due to adverse movements in various factors such as interest rate level and maturity mix. By carrying out proactive management, appropriate hedging and other means, the Bank keeps the negative impact of interest rate fluctuations on the earnings and economic value of banking book under control within an acceptable limit.

2. Exchange rate risk

Exchange rate risk refers to the risk arising from the time and regional differences in exchange rate fluctuations as well as the mismatch between currency and maturity mix. We are exposed to exchange rate risk primarily through trading risk and conversion risk. Trading risk refers to the risk of loss caused to the Bank due to exchange rate fluctuations when customers are carrying out spot or forward foreign exchange trading, lending, investment and exchange activities. Conversion risk refers to foreign exchange gains and losses due to exchange rate fluctuations when assets and liabilities in foreign currencies in the Bank’s balance sheet are converted into Renminbi at the end of an accounting period.

52Annual Report 2016

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

9.6.2 Operations of investee companies

As at the end of the Reporting Period, the Bank held 18.53%, 20.00%, 30.00% and 20.00% equity interests in Zhongmu Zhengyin County Bank Co., Ltd., Xinmi Zhengyin County Bank Co., Ltd., Yanling Zhengyin County Bank Co., Ltd. and Xinzheng Zhengyin County Bank Co., Ltd. respectively. The total asset value of the four county banks reached RMB17.141 billion, total deposits reached RMB15.336 billion and total loans reached RMB9.705 billion.

Since the establishment of Zhongmu Zhengyin County Bank Co., Ltd. in 2009, it has been committed to providing services to the three rural sectors (“San Nong”) with a market position targeting small- and medium-size customers. Led by the gradual expansion of the asset size, a more balanced structure of deposits and loans and stronger support to the agricultural sector, the return on equity improved every year. Therefore, Zhongmu Zhengyin County Bank Co., Ltd. was renowned as one of the leading industry players among all county banks in the country in terms of comprehensive strength.

9.7 Risk Management

During the Reporting Period, the Bank focused on further reinforcing its foundation, tightening management, building a strong head office, pushing forward transformation in development and laying emphasis on innovation, differential operation and risk control and prevention, to further deepen the construction of our comprehensive risk management system as well as the institutional, system and risk culture build-up so that the risk management capability was enhanced steadily.

9.7.1 Credit risk

Credit risk refers to the risk of loss from the failure by an obligator or counterparty to meet its obligations in accordance with agreed terms. We are exposed to credit risk primarily through our loan portfolio, investment portfolio, guarantees and other on-and off-balance sheet credit risk exposures.

We have built an all-round credit risk management infrastructure to cover our entire credit business processes, with established policies and procedures to identify, assess, measure, monitor, mitigate and control credit risks. We have established a bank-wide standardised authorisation and credit extension management system. We seek to improve our overall credit risk management capabilities through building up an internal customer rating system, updating internal rating model, upgrading credit risk executive information system, and further tightening our credit review and monitoring. In 2016, in accordance with the management needs of the Bank, the functions of asset security and collection and disposal of non-performing loans of the risk management department was under the management of the asset security department, the legal department was renamed as the asset security department and was responsible for the asset security and collection and disposal of non-performing loans of the Bank.

51 Bank of Zhengzhou Co., Ltd.

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

9.6 Operations of Subsidiaries

9.6.1 Operations of subsidiaries

As at the end of the Reporting Period, the Bank held 50.2% equity interest in Fugou Zhengyin County Bank Co., Ltd., a subsidiary of the Bank with a registered capital of RMB60 million, the principal businesses of which include: (1) taking deposits from the public; (2) extending short-term, medium-term and long-term loans; (3) effecting domestic settlements; (4) accepting and discounting bills; (5) interbank borrowings; (6) debt-card business; (7) acting as the issuing agent, cashing agent and the underwriter of government bonds; (8) collecting agent; (9) other businesses approved by the banking regulatory authorities (involving the operations authorised under valid permits or licensed operations).

Fugou Zhengyin County Bank Co., Ltd. is featured by its short decision-making chain, flexible credit policy, and the capability to adapt its operation process to match the financial needs of the agricultural industry. As of the end of 2016, the bank has accumulated total assets of RMB353 million, total loans of RMB166 million and total deposits of RMB213 million and the non-performing loan ratio was zero, while major indicators were in compliance with the regulatory requirements.

At the end of the Reporting Period, the Bank established Jiuding Financial Leasing Company. With an initial registered capital of RMB1 billion and its shareholding of 51% was held by the Bank. The establishment of Jiuding Financial Leasing Company was approved by the CBRC on February 5, 2016. The operation approval for the Jiuding Financial Leasing Company was granted by the CBRC Henan Office on March 18, 2016. The Jiuding Financial Leasing Company has officially been in operation since March 23, 2016. For details of the approval for the establishment and official opening of Jiuding Financial Leasing Company, please refer to the announcements of the Bank published on February 17, 2016 and March 23, 2016. The principal businesses of Jiuding Financial Leasing Company include: (1) financial leasing business; (2) outward or inward transfer of financial leasing assets; (3) fixed income securities investment business; (4) acceptance of leasing deposits from leasees; (5) intake of fixed deposits with maturity of 3 months or above from non-bank Shareholders; (6) interbank borrowings; (7) borrowings from financial institutions; (8) offshore borrowings; (9) leasing asset sale and disposal business; (10) economic consultancy and (11) other businesses approved by CBRC. (Items which require approvals under the law shall be subject to the approval from relevant departments before the commencement of business)

Since its operation of business on March 23, 2016, Jiuding Financial Leasing Company has upheld the business philosophy of “innovative, efficient, synergistic and stable operation”, and adhered to the strategic positioning of “intensively developing Zhengzhou, consolidating its position in Henan, penetrating to other regions in the PRC, focusing on specialization and featured businesses”. As at December 31, 2016, the total assets of Jiuding Financial Leasing Company amounted to RMB8.424 billion, balance of financial leasing amounted to RMB8.019 billion and net profit amounted to RMB98.4071 million, respectively.

50Annual Report 2016

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

Online payment

Our online payment platform was introduced to the market in July 2012. In 2016, 2,687,500 new users registered on our platform, representing a year-on-year increase of 2,853.3%, while the number and amount of transactions amounted to 5,943,400 and RMB3.145 billion respectively, representing a year-on-year increase of 100.31% and 273.96%, respectively. As at December 31, 2016, the total number of users on our online payment platform reached 2,901,100 while the aggregate number and amount of transactions amounted to 10,714,600 and RMB4.366 billion respectively.

As at December 31, 2016, the Bank’s online payment service has covered mainstream payment providers such as Alipay, Tenpay, Baifubao, JD.com Online and Yifubao (易付寶), which provided diversified payment means for the Bank’s cards as well as enhanced customer’s payment experience.

Telephone banking

We offer 7 days x 24 hours telephone banking services to our customers through the nation-wide customer service hotline 4000-967585. Our services include account inquiries, loss reporting, bill payment, loan business, investment and wealth management, PIN services, credit card business, customer service inquiries and outbound calls. The customer service centre continued to enhance user experience and actively expand the business scope based on the customers’ needs. In 2016, our telephone banking service department handled a total of 2.2366 million cases.

WeChat Banking

Since the launch of the Bank’s WeChat Banking on October 25, 2013, the Bank’s WeChat Banking business has recorded a total of 159,800 followers as at December 31, 2016. WeChat Banking provides customers with account balance inquiry service, transaction details and the Bank’s investment updates. On September 18, 2016, the WeChat Banking introduced the credit card function, through which users can bind credit cards to their accounts and use functions such as points inquiries, bills checking, installment planning and repayment. On November 30, 2016, WeChat Banking introduced medical appointment function to help the Bank’s clients to solve difficulties in medical appointments.

Ding Rong Yi

The Bank’s internet financial service platform “Ding Rong Yi (鼎融易)” focus on providing “Internet plus” financial services to community residents, business logistics, medium, small and micro-sized enterprises. It provides online account opening, online financial management, convenient payment, E-commerce service, order matching, online transactions, logistics and distribution, warehousing management and other diversified services features. It is a comprehensive Internet financial service platform covering financial, utilities and social networking services. As at December 31, 2016, the total number of Ding Rong Yi account registers reached 242,200, with an aggregate number of transactions of 525,000 and total transaction amount of RMB9.689 billion.

49 Bank of Zhengzhou Co., Ltd.

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

9.5.2 Electronic Banking

Self-service banking

The Bank’s self-service banking infrastructure covers automatic teller machines, automatic cash withdrawal and deposit machines, smart counters, online banking terminals, easy payment terminals, “QuikTrans (快窗)” and “Yingtietong (銀鐵通)”units, with an aim to provide customers with a wide range of services ranging from cash withdrawal and deposit, account inquiry, bill payment, PIN change, fund transfer and train ticket purchase with a higher efficiency. Adhering to our customer-oriented strategy, we have been developing and upgrading our self-service banking facilities with new functions, while the growing smart counter business resulted in better customer flow management and reduced the burden at the frontline. As at December 31, 2016, we had 1,291 sets of self-service banking facilities, including 359 automatic teller machines, 350 automatic cash withdrawal and deposit machines, 201 smart counters, 240 online banking terminals, 140 easy payment terminals and 1 “QuikTrans” teller. The total number of cash withdrawal and deposit transactions amounted to 11,370,000, representing a year-on-year increase of 6%, while the transaction amount totaled RMB19.5 billion, recording a year-on-year increase of 11%.

Online banking

Our online banking service was introduced to the market in October 2010. In 2016, our online banking segment registered 162,900 new accounts, representing a year-on-year increase of 62.90%, among which 155,700 were new personal accounts and 7,200 were new corporate accounts. The number of transfer transactions reached 4,041,900, recording a year-on-year increase of 38.41%, while the transaction amount totaled RMB358.486 billion, representing a year-on-year increase of 38.28%. As at the end of December 2016, the total number of online banking accounts reached 446,900, among which 426,100 were personal accounts and 20,800 were corporate accounts.

Mobile banking

The Bank’s mobile banking service was offered to the market on January 9, 2013. On November 11, 2015, our upgraded mobile banking service was introduced. In 2016, mobile banking service mainly includes “Financial Street (金融街)” and “Living Circle (生活圈)” projects. Financial Street project mainly refers to the finance related functions of the mobile banking service. According to the project planning of Financial Street, one by one, mobile banking service has introduced various functions including fund purchase, Ritianli (日添利), certificates of deposit, subscription, time deposit and current deposit conversion, contracted withholding, Yinxintong (銀信通 ) contracting, Huideli (惠得利 ) contracting, personal loan comprehensive inquiries (general inquiries and recycling loan inquiries), lending and repayment of revolving loans etc. Mobile banking also provided services for application for the Bank’s credit cards and interbank repayment. By adhering to the Bank’s positioning as a “boutique banking for residents”, the Living Circle is targeted to provide certain life services closely linked with financial products, such as hospital appointment, charitable donation, ticket booking, school payment etc. The powerful features and improving services of mobile banking has brought our customers with brand-new user experience.

In 2016, our mobile banking segment registered 234,400 new accounts, representing a year-on-year increase of 118.45%, while the number and amount of transactions amounted to 1,544,500 and RMB16.132 billion respectively, representing a year-on-year increase of 126.20% and 473.28% respectively. As at December 31, 2016, the total number of mobile banking accounts reached 442,900 while the aggregate number and amount of transactions amounted to 2,709,900 and RMB20.335 billion respectively.

48Annual Report 2016

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

9.4.3 Wealth management business

As at December 31, 2016, the Bank had 199 ongoing wealth management products with a size of RMB51,809 million, representing an increase of RMB26,496 million or 104.67% as compared with that at the beginning of the year. In 2016, the daily average size of ongoing wealth management products amounted to RMB37.3 billion, representing an increase of RMB17.4 billion or 87.44% as compared with that at the beginning of the year.

During the Reporting Period, the Bank smoothly operated four series of conventional wealth management products, “Dingcheng (鼎誠)”, “Jujin (聚金)”, “Jucai (聚財)” and ”Yueyueying (月月盈)”and three series of tailored wealth management products, “Chang Xiang (暢享)”, “Juxin (聚鑫)” and “Tonghui (同惠)”, among which, “Yueyueying (月月盈)” is the first open-end and non net-worth wealth management product issued through counters by the Bank in the second half of the year, and is also the first open-end wealth management product of the city commercial banks in the country and in Henan Province. In 2016, the Bank issued a total of 342 wealth management products with accumulated proceeds of RMB81,436 million; averagely, the Bank issued 28.5 wealth management products with accumulated proceeds of RMB6,786 million per month. The number of issued products and the gross proceeds recorded a year-on-year increase of 62.86% and 31.77% respectively.

9.5 Distribution Channels

9.5.1 Physical outlets

During the Reporting Period, the Bank has established its head office in Zhengzhou and ten branches in Nanyang, Xinxiang, Luoyang, Anyang, Xuchang, Shangqiu, Luohe, Xinyang, Puyang and Pingdingshan were granted approvals to commence operation. As at December 31, 2016, a total of 132 sub-branches were established within Henan Province. The Bank operates mainly in Henan Province of the PRC.

As at December 31, 2016, the Bank had a total of 132 intra-branch self-service facilities, including 77 banks in Zhengzhou urban districts, 10 branches and 45 county outlets. The Bank also had a total of 156 extra-branch self-service facilities in Henan Province, including 82 banks in Zhengzhou urban districts and 74 county outlets. The Bank’s network of self-service outlets also covered other counties, including Nanyang, Xinxiang, Luoyang, Zhongmu, Dengfeng, Xinmi and Xinzheng.

47 Bank of Zhengzhou Co., Ltd.

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

9.4 Treasury Business

9.4.1 Money market transactions

During the Reporting Period, China’s overall economic development was still in a balanced but low condition. The Central Bank, on the one hand, maintained the average interest rate in a steady growth by elevating interest rate of open market operations; on the other hand, maintained a tight balance of capital through expansion of the instrument portfolio. Entering into the second half of the year, however, a prudent assessment of the “price and quantity” became more important, and the upward pressure on capital price increased along with the Central Bank’s deleveraging and the interest rate raise from The Federal Reserve System. In the view of the Bank, with the restructuring of rural credit cooperatives in Henan Province, the capital market situation is more severe. How to accurately assess the demand for capital, reasonably set the price for absorbing funds, reduce the loss of interest on the Bank, and respond to market volatility, has become an increasingly important topic.

During the Reporting Period, by establishing an interbank exchanges platform and an interbank deposits internal quotation platform, as well as improving external rating and implementing other measures, the Bank further expanded its financial customer base, and aggressively grasped market opportunities to improve profitability while ensuring liquidity. As at December 31, 2016, the total balance of the Bank’s deposits/placements with banks and other financial institutions and financial assets held under resale agreements amounted to RMB18,293 million, representing 4.99% of the Bank’s total assets; and the total balance of the Bank’s deposits/placements from banks and other financial institutions and financial assets sold under repurchase agreements amounted to RMB78,165 million, representing 22.71% of the Bank’s total liabilities.

9.4.2 Investment in securities and other financial assets

During the Reporting Period, the Bank made timely adjustments to its investment business and interbank liability strategy and leveraged appropriate trading opportunities by closely monitoring changes in economic environment and financial market and analysing the trend of market changes, so as to achieve better spread income. At the same time, the Bank increased the capital available for investment by continually enriching and timely adjusting the absorption ways of various types of deposits, and improved the efficiency of capital utilization by continually expanding the channels of capital application. As at December 31, 2016, the total securities investments and other financial assets of the Bank’s financial markets department amounted to RMB183,656 million, representing an increase of RMB70,214 million or 61.89% as compared with that at the end of the previous year. Specifically, the total amount of the Bank’s bond investments was RMB59,543 million, representing a year-on-year increase of 36.13%, and the total amount of the Bank’s investment products under trust schemes and investment products managed by securities companies was RMB97,875 million, representing a year-on-year increase of 61.84%.

46Annual Report 2016

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

9.3 Personal Banking Business

9.3.1 Personal deposits

As a local financial institute in Zhengzhou, the Bank adhered to its unique positioning as a “boutique bank of the people”. Focusing on the main business theme of serving personal customers, the Bank made unwavering efforts on launching new products, perfecting the service system, enhancing customer values and establishing outstanding teams. The Bank strived to enhance the quality of business development by insisting on consolidating cross sales, consumer finance and wealth management. The Bank also continued to upgrade the quality of its financial services closely related to local residents to constantly motivate the development of its personal loan business. Meanwhile, the Bank proactively responded to market-oriented interest rates by sustainably improving the deposit interest pricing strategy catering to the needs of market and customers, so as to enhance its capability of pricing autonomy and risk management in respect of the deposit business. As at December 31, 2016, total personal deposit amounted to RMB60.827 billion, representing an increase of RMB13.745 billion or 29.19% from the end of last year. The Bank’s personal deposit business was ranked top among its regional peers in terms of total balance, increment and market share.

9.3.2 Personal loans

During the Reporting Period, the Bank focused on the development of consumer finance and dedicated itself to building a “boutique bank of the people” and an inclusive financial institution, so as to launch the financial service brand named “Easy Disbursement (簡單派)”. Furthermore, the Bank has succeded in achieving the objective of “National Funny Festival (全民樂活節 )” compaign by promotion of “scenario consumption (場景消費)” financial model, development of “Disbursement in Live + Disbursement of Credit (派生活+派信用)” product regime and establishment of “Alliance Of Fun (樂活聯盟)”. As at December 31, 2016, the balance of personal loans amounted to RMB24.815 billion, representing an increase of RMB1,973 million or 8.64% from the beginning of the year.

9.3.3 Bank cards

In addition to the basic version of debit cards named “Shangding Card (商鼎卡 )”, the Bank also issued special themed cards in 2016, such as “Luohe Citizen Card (漯河市民卡)”, “Chengtong Card (誠通卡)”, “Zhejiang Business Card (浙商通卡 )”, “Wuyue Automobile House Card (五嶽汽車之家 )”, “Fangyuan Logistics Card (方圓物流卡)” and “Shangding Zhongyi Card (商鼎中意卡)”. The number of new cards issued witness a steady growth. As at December 31, 2016, the Bank has issued a total of 3,990.4 thousand debit cards, with 1,129.8 thousand new cards issued during the year.

The Bank launched its first Shangding credit card in October 2014, and launched the Shangding series joint name card named “Yuche Card” in August 2016. As at December 31, 2016, a total of 61,270 Shangding credit cards (including 1,809 Yuche Cards) have been issued with aggregate transaction amount and aggregate operation revenue amounting to RMB9.901 billion (2016: RMB6.993 billion) and RMB47 million (2016: RMB34 million), respectively.

45 Bank of Zhengzhou Co., Ltd.

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

During the Reporting Period, the Bank aggressively carried out innovation campaign. Firstly, the Bank launched the first exclusive credit card, Easy Disbursement (簡單派), for small and micro enterprise. The credit card product is an automatic e-channel integrating various functions such as loan application, self-service loan obtainment, self-service repayment and general inquiry, which help facilitate the promotion of electronic and digital online approval mode and expand the client coverage significantly. Secondly, the Bank launched several exclusive customized products, including “Logistics Flow Loan (物流流量貸)”, “Personal Auto Short-term Loan (個人汽車短融貸款)” and “Technology Loan (科技貸)”. As at December 31, 2016, the balance of logistics business loan was RMB389,000, and the balance of personal auto short-term loan was RMB12.766 million. As one of the first banks selected by Henan Science and Technology Department for cooperating on “Technology Loan” business, the Bank entered into a framework cooperation agreement with the latter on October 25, 2016. Thirdly, the Bank launched an innovative big data product, “Taxation-linked Loan (稅聯貸)”.

During the Reporting Period, the Bank further deepened the application of big data and models. Firstly, the Bank enhanced its internal data mining, untilized its ability and development and launched the WeChat Reporting Structured Data Analysis System of PBoC to realize automatic alert to risks. Secondly, the Bank introduced external data APP in marketing and risk control. On one hand, POS (point-of-sale) transaction data, logistics data, tax data were used in precision marketing and new product development; on the other hand, information of judicial litigation, administrative penalty, registered equity interests with industry and commerce department and personal identity are avalivable for risk control by cooperating with companies such as LawXP (匯法網) and Mingrun Huachuang (明潤華創). Thirdly, the development of risk control models was enhanced continuously, forming a model system consisting of three models, i.e. application model, behaviour model, and anti-fraud model. 33 application models and 5 behaviour models were developed by the Bank, thereby building a pricing model integrating such factors as capital cost, operating cost and risk cost.

During the Reporting Period, in recognition of its outstanding financial services to small and micro enterprises, the Bank was honoured as “Excellent Financial Institution” by PBoC Zhengzhou Central Sub-branch. The Bank’s “promotion and application of the model of loans secured by accounts receivable” was publicly praised by PBoC Zhengzhou Central Sub-branch. Its “guaranteed and insured loans” was awarded the Top 10 Financial Product Innovations in the 2016 China Financial Innovation Awards jointly organized by Chinese Magazine The Banker, CCTV, the Institute of Finance and Banking of the Chinese Academy of Social Sciences and the Internet Economic Research Institute of Central University of Finance and Economics.

44Annual Report 2016

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

9.1.2 Customer management and team building

Customer management

In 2016, the Bank continued to advance its customer management works and enhanced its integrated financial servicing capability towards customers. Meanwhile, it also initiated marketing efforts targeting customers in a comprehensive, unified, highly efficient, layered and segmented manner by leveraging on its customer relationship management system, thereby strengthening its systematic management of customers to further consolidate its customer base, as well as effectively enhancing its management efficiency of customer relationship and customer managers. Taking advantage of its operation layout and network resources in Henan Province, the Bank’s number of corporate customers continued its upward trend.

Team building for sales teams

By introducing a leveled management system for corporate customer managers, the Bank promoted the accreditation of customer managers to sustainably improve the performance evaluation and target management methodology for customer managers. By integrating stringent evaluation on the performance of customer managers, business standard and moral standard, it initiated dynamic management of customer managers to further enhance the team structure of customer managers and stimulate their work attitude, thereby building a professional customer manager team that is highly energetic and service-oriented with strong professional ethics. By consistently improving the management system of corporate customer managers, the Bank facilitated the sustained and steady development of its businesses.

9.2 Small and Micro Enterprise Loan Business

In 2016, the Bank upheld the service tenet of being “Efficient, Flexible, Innovative and Professional” and continuously implemented its philosophy, product and innovation, so as to steadily increase its credit investment to small and micro enterprises and help them to grow and become stronger.

During the Reporting Period, the Bank established a specialised operation and management system. It also set up a small business financial service centre at head office level, and “cross-region small business branch centres”, “retail banking sub-branches”, “small and micro enterprise sub-branches” and other specialized sections at secondary branches and sub-branches, which developed a specialized organizational system for small and micro business composed of specialized branches, small and micro enterprise sub-branches and cross-region branch centres. At present, the small business financial service centre is in charge of 16 retail banking sub-branches, 12 small and micro enterprise sub-branches, 8 prefectural and municipal small business financial service sub-centres, with a specialised customer manager team for small and micro enterprise comprising of over 200 customer managers. As at December 31, 2016, the balance of the Bank’s loans to small and micro enterprise amounted to RMB59.024 billion, representing an increase of RMB9.531 billion as compared with that at the beginning of the year; the number of small and micro corporate customers of the Bank was 19,675, representing an increase of 3,267 as compared with that at the end of the previous year. As such, the Bank has successfully met with the regulatory requirements of “Three Minimum Thresholds”.

43 Bank of Zhengzhou Co., Ltd.

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

9 BUSINESS OPERATION

9.1 Corporate Banking Business

9.1.1 Corporate deposit and loan business

Corporate deposits

During the Reporting Period, faced with the downturn pressure of the economy, by proactively responding to the macro-economic situation and the change in policy environment, the Bank implemented a number of measures and actively coped with the challenges. The Bank advanced the development of trading and financing business and investment banking business to carry forward the transformation and upgrading of its businesses. It also leveraged on its portfolio of liability products and innovation capability to enhance the efficiency of corporate deposit. Promoted by the bank strategy focusing on commerce and logistics, the Bank also committed to achieve success. Further cooperation with provincial and municipal governments also resulted in comprehensive improvement of the quality of deposit related to financial businesses.

During the Reporting Period, the Bank’s corporate deposit continued to increase stably. As of December 31, 2016, the balance of corporate deposit amounted to RMB155.563 billion, accounting for 71.89% of the balance of all deposits, representing an increase of RMB33.450 billion or 27.39%. Meanwhile, in 2016, the Bank proactively developed business cooperation with institutions including the Zhengzhou City Public Resources Trading Centre, the Henan Social Security Bureau and the Henan Local Taxation Bureau to further achieve central capital management of financial customers and consolidate customer resources, enhancing the overall contribution of corporate customers.

Corporate loans

This segment represents the provision of a range of financial products and services to corporations, government agencies and financial institutions. These products and services include, among other credit services, corporate loans, bank acceptances, trade finance, letters of credit, and foreign currency loans. During the Reporting Period, the Bank has enhance its efforts to credit assets management in terms of optimizing the approval system for credit grant and the independent approval person system, building up the first-in-line responsibility system, improving the management of the Group’s credit grant business and starting using the new standard documents for credit grant, with innovative development and preventing risks as its main focus. Meanwhile, in order to facilitate the adjustment of its credit structure, the Bank increasingly promoted its withdrawal from over-capacity industries and the construction of green credit system.

During the Reporting Period, the Bank’s total corporate loan amounted to RMB86.277 billion, representing an increase of RMB14.825 billion or 20.75% as compared with the end of last year. Apart from discounted bills, the total corporate loan amounted to RMB81.255 billion, representing an increase of RMB14.246 billion or 21.26% as compared with the end of last year and accounted for 73.14% the total loan amount.

42Annual Report 2016

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

In accordance with Administrative Measures for the Capital of Commercial Banks (Provisional) (the “New Measures”) issued by CBRC, the capital adequacy ratio of the Bank was as follows:

As at December 31, 2016

As at December 31, 2015

Amount Amount(Expressed in millions of Renminbi,

unless otherwise stated)

Core tier-one capitalShare capital 5,322 5,142

Valid portion of capital reserve 3,004 2,618

Surplus reserve 1,633 1,238

General reserve 4,528 3,163

Retained earnings 6,809 5,634

Valid portion of minority interests 363 23Total core tier-one capital 21,659 17,818

Core tier-one capital deductions (384) (284)Net core tier-one capital 21,275 17,534Other tier-one capital 37 –Net tier-one capital 21,312 17,534Tier-two capitalQualifying portions of tier-two capital instruments issued 5,000 2,000

Surplus provision for loan impairment 2,080 1,649

Adjustments for tier-two capital 71 –Net tier-two capital 7,151 3,649Net capital base 28,463 21,183Total risk-weighted assets 242,109 173,697Core tier-one capital adequacy ratio 8.79% 10.09%Tier-one capital adequacy ratio 8.80% 10.09%Capital adequacy ratio 11.76% 12.20%

41 Bank of Zhengzhou Co., Ltd.

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

7 BUSINESS SEGMENT REPORT

The table below sets forth the Bank’s operating income by business segments for the periods as indicated:

As at December 31, 2016 As at December 31, 2015

Amount % of total Amount % of total

(%) (%)

(Expressed in millions of Renminbi, unless otherwise stated)

Corporate banking business 3,895 39.03 3,406 43.33

Retail banking business 1,035 10.37 1,306 16.61

Treasury business 4,871 48.81 3,062 38.95Others (1) 179 1.79 87 1.11

Total operating income 9,980 100.00 7,861 100.00

Note:

(1) Consists primarily of equity investment and the corresponding income, and expenses that are not directly attributable to any specific segment.

8 ANALYSIS ON CAPITAL ADEQUACY RATIO

The Bank continued to optimise its business structure and strengthen its capital management. As at December 31, 2016, the capital adequacy ratio, tier-one capital adequacy ratio and core tier-one capital adequacy ratio of the Bank were 11.76%, 8.80% and 8.79%, respectively, and down 44bp, 129bp and 130bp, respectively, as compared with the end of last year, which fulfilled the requirements provided in the Administrative Measures for the Capital of Commercial Banks (Provisional) issued by CBRC for the transition period. The changes in capital adequacy ratio were mainly due to the increase in risk-weighted assets resulting from the increase in size of assets of the Bank.

40Annual Report 2016

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

6.6 Overdue Loans

The following table sets forth, as at the dates indicated, the distribution of the Bank’s loans and advances to customers by maturity.

As at December 31, 2016 As at December 31, 2015

Amount % of total Amount % of total

(%) (%)

(Expressed in millions of Renminbi, unless otherwise stated)

Current loans 105,989 95.41 91,401 96.93

Loans past due for (1)

1 to 90 days 3,218 2.90 1,748 1.86

91 to 360 days 1,536 1.38 840 0.89

361 days or more 349 0.31 305 0.32

Subtotal 5,103 4.59 2,893 3.07

Total loans 111,092 100.00 94,294 100.00

As at December 31, 2016, the amount of overdue loans totaled RMB5,103 million, up RMB2,210 million as compared with the end of last year. Overdue loans accounted for 4.59% of the total loans, up 1.52% as compared with the end of last year. The increase in overdue loans was mainly a result of continued economic downturn which has adversely affected the operation of enterprises general as evidenced by serious overcapacity, relatively high pressure in destocking and decrease in both sales volume and prices, making it difficult for enterprises to continue their operations. The shortage of cash flow in turn led to overdue of principal amount and interests. The Bank will continue to strengthen risk alert and monitoring, and accelerate the risk elimination.

Note:

(1) Representing the principal amount of the loans on which principal or interest is overdue.

39 Bank of Zhengzhou Co., Ltd.

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

6.5 Borrowers Concentration

As at December 31, 2016, the Bank was in compliance with the lending limit of 10% of the Bank’s net capital to any single borrower. The following table sets forth, as at December 31, 2016, the Bank’s loans (in terms of loan balance) to the ten largest single borrowers (excluding group borrowers), all of which were classified as normal.

As at December 31, 2016

Industry Balance % of total loans % of net

capital

(%) (%)

(Expressed in millions of Renminbi, unless otherwise stated)

Borrower A Leasing and commercial services

1,000 0.90 3.51

Borrower B Construction 797 0.72 2.80Borrower C Real estate 780 0.70 2.74Borrower D Financial services 700 0.63 2.46Borrower E Manufacturing 600 0.54 2.11Borrower F Real estate 581 0.52 2.04Borrower G Construction 572 0.51 2.01Borrower H Real estate 534 0.48 1.88Borrower I Public administration,

public security and social organisations

500 0.45 1.76

Borrower J Leasing and commercial services

500 0.45 1.76

Borrower K Leasing and commercial services

500 0.45 1.76

Total 7,064 6.35 24.83

38Annual Report 2016

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

6.4 Distribution of Loans and Non-Performing Loans by Collateral

The following table sets forth, as at the dates indicated, the distribution of the Bank’s loans and non-performing loans by collateral.

As at December 31, 2016 As at December 31, 2015

Amount % of totalNPL

Amount NPL ratio Amount % of total NPL

Amount NPL ratio

(%) (%) (%) (%)

(Expressed in millions of Renminbi, unless otherwise stated)

Unsecured loans 7,660 6.90 3 0.04 1,316 1.40 1 0.08

Guaranteed loans 42,790 38.52 1,178 2.75 39,179 41.55 868 2.22

Loans secured by mortgages 33,254 29.93 253 0.76 30,194 32.02 167 0.55

Loans secured by pledges 27,388 24.65 23 0.08 23,605 25.03 4 0.02

Total 111,092 100.00 1,457 1.31 94,294 100.00 1,040 1.10

37 Bank of Zhengzhou Co., Ltd.

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

6.3 Distribution of Loans and Non-Performing Loans by Industry

The following table sets forth, as at the dates indicated, the distribution of the Bank’s loans and non-performing loans by industry.

As at December 31, 2016 As at December 31, 2015

Amount % of totalNPL

Amount NPL ratio Amount % of total NPL

Amount NPL ratio

(%) (%) (%) (%)

(Expressed in millions of Renminbi, unless otherwise stated)

Wholesale and retail 29,898 26.91 373 1.25 23,618 25.05 365 1.55

Manufacturing 13,055 11.75 688 5.27 14,101 14.95 493 3.50

Construction 10,687 9.62 35 0.33 7,279 7.72 111 1.52

Real estate 8,737 7.87 – – 7,349 7.79 – –

Leasing and commercial services 4,092 3.68 4 0.10 1,412 1.50 3 0.21

Agriculture, forestry, animal husbandry and fishery 3,620 3.26 88 2.43 3,866 4.10 3 0.08

Water, environment and public facility management 2,088 1.88 – – 1,331 1.41 – –

Mining 1,509 1.36 – – 1,849 1.96 – –

Production and supply of electric and heating power, gas and water 1,391 1.25 – – 941 1.00 – –

Transportation, storage and postal services 1,361 1.23 6 0.44 1,133 1.20 10 0.88

Accommodation and catering 1,082 0.97 – – 1,231 1.31 2 0.16

Public administration, public security and social organisations 914 0.82 – – 1,260 1.34 – –

Culture, sports and entertainment 210 0.19 – – 435 0.46 3 0.69

Others 2,611 2.35 22 0.84 1,204 1.28 – –

Total corporate loans 81,255 73.14 1,216 1.50 67,009 71.07 990 1.48Total personal loans 24,815 22.34 241 0.97 22,842 24.22 50 0.22Discounted bills 5,022 4.52 – – 4,443 4.71 – –

Total 111,092 100.00 1,457 1.31 94,294 100.00 1,040 1.10

As at December 31, 2016, the non-performing corporate loans of the Bank concentrated in the manufacturing industry, agriculture, forestry, animal husbandry and fishery and the wholesale and retail industry, with NPL ratio of 5.27%, 2.43%and 1.25%, respectively.

36Annual Report 2016

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

6.2 Distribution of Loans and Non-Performing Loans by Product Type

The following table sets forth, as at the dates indicated, the Bank’s loans and non-performing loans by product types.

As at December 31, 2016 As at December 31, 2015

Amount % of totalNPL

Amount NPL ratio Amount % of totalNPL

Amount NPL ratio

(%) (%) (%) (%)

(Expressed in millions of Renminbi, unless otherwise stated)

Corporate loansShort-term loans 53,609 48.25 956 1.78 48,225 51.15 815 1.69

Medium and long-term loans 27,646 24.89 260 0.94 18,784 19.92 175 0.93

Discounted bills 5,022 4.52 – – 4,443 4.71 – –

Subtotal 86,277 77.66 1,216 1.41 71,452 75.78 990 1.39

Personal loansPersonal business loans 11,750 10.58 196 1.67 12,025 12.75 38 0.32

Personal residential mortgage loans 6,862 6.18 3 0.04 5,828 6.18 2 0.03

Personal consumption loans 4,842 4.36 39 0.81 3,710 3.93 9 0.24

Auto loans 491 0.44 – – 772 0.82 – –

Credit card balance 870 0.78 3 0.34 507 0.54 1 0.20

Subtotal 24,815 22.34 241 0.97 22,842 24.22 50 0.22

Total 111,092 100.00 1,457 1.31 94,294 100.00 1,040 1.10

In 2016, the Bank actively responded to the national policies by strengthening the adjustment of loans structure and continuing to develop microcredit business (corporate loans to small enterprises and personal loans). At the end of the Reporting Period, the NPL ratio of corporate loans and personal loans rose to 1.41% and 0.97% respectively, mainly due to the fact that the economic downturn has adversely affected the operation of enterprises in general as evidenced by the fast increases of corporate loans and personal business loans, overcapacity, relatively high pressure in destocking and decrease in both sales volume and prices, making it difficult for enterprises to continue their operations. However, the loan risks of the Bank are controllable in general.

35 Bank of Zhengzhou Co., Ltd.

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

6.1 Distribution of Loans by Five-Category Loan Classification

The following table sets forth, as at the dates indicated, the Bank’s loans and advances to customers by the Bank’s five-category loan classification.

As of December 31, 2016 As of December 31, 2015

Amount % of total Amount % of total

(%) (%)

(Expressed in millions of Renminbi, unless otherwise stated)

Normal 106,383 95.76 91,079 96.59

Special mention 3,252 2.93 2,175 2.31

Substandard 1,041 0.94 869 0.92

Doubtful 415 0.37 171 0.18

Loss 1 – – –

Total loans and advances to customers 111,092 100.00 94,294 100.00

Non-performing loans and non-performing loan ratio (1) 1,457 1.31 1,040 1.10

Note:

(1) Calculated by dividing total non-performing loans by total loans and advances to customers.

According to the five-category loan classification system, the Bank classified its non-performing loans into substandard, doubtful and loss categories.

34Annual Report 2016

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

5 OFF-BALANCE SHEET COMMITMENTS

The following table sets forth, as at the dates indicated, the contractual amounts of the Bank’s off-balance sheet credit commitments.

As at December 31, 2016

As at December 31, 2015

(Expressed in millions of Renminbi)

(Expressed in millions of Renminbi)

Credit commitments:Bank acceptances 58,123 41,389

Letters of credit 2,984 2,295

Guarantees 1,171 1,035

Unused credit card commitments 1,006 463

Total 63,284 45,182

In addition, as at December 31, 2016, there was no material litigation in which either the Bank or subsidiaries of the Bank is a defendant. As at the results announcement date of the Bank, the Bank had no significant contingent liabilities. Details of off-balance sheet commitments are disclosed in note “Commitments and contingent liabilities” in the financial report of this annual report.

6 ANALYSIS ON LOAN QUALITY

During the Reporting Period, the Bank continued to strengthen credit risk management, improve credit investigation and credit approvals and strengthen post-loan management measures to step up the efforts on collection and disposal of non-performing loans, so that the loan quality was generally kept at a manageable level. However, due to the changes in external operating environment, the slowdown of economic growth, the difficult operating environment for SME and the increase of default on loans, the Bank’s non-performing loans was facing upward pressure.

As at December 31, 2016, the balance of non-performing loans amounted to RMB1,457 million. The non-performing loan ratio was 1.31%, up 21bps as compared with the end of last year.

33 Bank of Zhengzhou Co., Ltd.

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

4.2.3 Placements from banks and other financial institutions

As at December 31, 2016, the balance of placements from banks and other financial institutions of the Bank increased by RMB13,286 million to RMB19,106 million, representing an increase of 228.28% as compared with the end of last year. The changes in the placements from banks and other financial institutions mainly reflected the Bank’s continuous expansion of source of interbank funds so as to meet the changes in fund demand.

4.2.4 Financial assets sold under repurchase agreements

As at December 31, 2016, the Bank’s financial assets sold under repurchase agreements increased by RMB13,648 million to RMB33,251 million, representing an increase of 69.62% as compared with the end of last year. The changes in the Bank’s financial assets sold under repurchase agreements reflected adjustments to the proportion of financial assets sold under repurchase agreements to the Bank’s liabilities based on market liquidity and the Bank’s capital needs after taking into consideration the need for assets and liabilities matching.

4.3 Shareholders’ Equity

As at December 31, 2016, the Bank’s shareholders’ equity increased by RMB4,037 million to RMB21,861 million, representing an increase of 22.65% as compared with the end of last year. As at December 31, 2016, equity attributable to shareholders of the parent company increased by RMB3,501 million to RMB21,296 million, representing an increase of 19.67% as compared with the end of last year. The increase in shareholders’ equity was mainly due to the increase in the Bank’s profits.

As at December 31, 2016 As at December 31, 2015

Amount % of total Amount % of total

(%) (%)

(Expressed in millions of Renminbi, unless otherwise stated)

Share capital 5,322 24.35 5,142 28.85

Capital reserve 3,053 13.97 2,662 14.93

Surplus reserve 1,633 7.47 1,238 6.95

General reserve 4,528 20.71 3,163 17.75

Investment revaluation reserve 3 0.01 11 0.06

Deficit on remeasurement of net defined benefit liability (52) (0.24) (55) (0.31)

Retained earnings 6,809 31.15 5,634 31.61

Total equity attributable to shareholders of the Bank 21,296 97.42 17,795 99.84

Non-controlling interests 565 2.58 29 0.16

Total equity 21,861 100.00 17,824 100.00

32Annual Report 2016

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

4.2.1 Deposits from customers

As at December 31, 2016, the Bank’s deposits from customers increased by RMB47,195 million to RMB216,390 million, representing an increase of 27.89% as compared with the end of last year. The increase in the Bank’s deposits from customers was primarily attributable to the general business growth generated by the Bank’s continuous expansion of deposit customers and branch network.

The following table sets forth, as at the dates indicated, the Bank’s deposits from customers by product type and maturity profile of deposits.

As at December 31, 2016 As at December 31, 2015

Amount % of total Amount % of total

(%) (%)

(Expressed in millions of Renminbi, unless otherwise stated)

Corporate depositsDemand 77,197 35.67 62,771 37.10

Time 54,783 25.32 34,241 20.24

Subtotal 131,980 60.99 97,012 57.34

Personal depositsDemand 16,178 7.48 12,976 7.67

Time 44,647 20.63 34,106 20.16

Subtotal 60,825 28.11 47,082 27.83

Other deposits 23,585 10.90 25,101 14.83

Total 216,390 100.00 169,195 100.00

4.2.2 Deposits from banks and other financial institutions

As at December 31, 2016, the balance of deposits from banks and other financial institutions of the Bank increased by RMB4,355 million to RMB25,808 million, representing an increase of 20.30% as compared with the end of last year, which mainly reflected the Bank’s continuous expansion of interbank source of funds so as to meet the changes in fund demand.

31 Bank of Zhengzhou Co., Ltd.

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

4.1.3 Other components of the Bank’s assets

Other components of the Bank’s assets primarily consist of (i) cash and deposits with central bank, (ii) placements with banks and other financial institutions, and (iii) financial lease receivables.

As at December 31, 2016, the Bank’s cash and deposits with central bank increased by RMB9,578 million to RMB42,586 million, representing an increase of 29.02% as compared with the end of last year, mainly due to the increase in the volume of deposits from customers which increased the statuary deposit reserve placed in PBoC.

As at December 31, 2016, placements with banks and other financial institutions increased by RMB6,238 million to RMB11,758 million, representing an increase of 113.01% as compared with the end of last year, mainly due to the Bank maximized the overall returns of assets by optimizing its assets structure.

As at December 31, 2016, the Bank’s net finance lease receivables increased by RMB5,721 million to RMB5,721 million as compared with the end of last year. The change in these assets was mainly due to the establishment of a subsidiary, Jiuding Financial Leasing Company, by the Bank on March 23, 2016.

4.2 Liabilities

As at December 31, 2016, the Bank’s total liabilities increased by RMB96,488 million to RMB344,287 million, representing an increase of 38.94% as compared with the end of last year.

As at December 31, 2016 As at December 31, 2015

Amount % of total Amount % of total

(%) (%)

(Expressed in millions of Renminbi, unless otherwise stated)

Due to central bank 77 0.02 – –

Deposits from customers 216,390 62.85 169,195 68.28

Deposits from banks and other financial institutions 25,808 7.50 21,453 8.66

Placements from banks and other financial institutions 19,106 5.55 5,820 2.35

Financial assets sold under repurchase agreements 33,251 9.66 19,603 7.91

Debt securities issued 44,660 12.97 27,039 10.91Other liabilities (1) 4,995 1.45 4,689 1.89

Total liabilities 344,287 100.00 247,799 100.00

Note:

(1) Consisting of interest payable, payment and collection clearance accounts, tax payable, accrued staff costs, dormant accounts, dividend payable, provisions, and certain other liabilities.

30Annual Report 2016

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

As at December 31, 2016 As at December 31, 2015

Amount % of total Amount % of total

(%) (%)

(Expressed in millions of Renminbi, unless otherwise stated)

Government bonds 14,783 8.05 11,982 10.56

Debt securities issued by policy banks 32,869 17.90 21,228 18.71

Debt securities issued by banks and other financial institutions 6,917 3.76 3,048 2.69

Debt securities issued by corporate issuers 4,974 2.71 7,483 6.60

Subtotal 59,543 32.42 43,741 38.56

Investment products under trust schemes 52,795 28.75 29,146 25.69

Investment products managed by securities companies 45,080 24.54 31,329 27.62

Others 26,238 14.29 9,226 8.13

Total 183,656 100.00 113,442 100.00

Less: Allowance for impairment losses (520) (235)

Total fixed-income instruments 183,136 113,207

Equity instruments 8 8

Total Investment securities and other financial assets 183,144 113,215

As at December 31, 2016, the Bank’s net fixed-income securities totaled RMB183,136 million, an increase by RMB69,929 million or 61.77% as compared with the end of last year. The continued growth of the fixed-income securities held by the Bank was mainly attributable to the increase in our holding of financial bonds, investment products under trust schemes and investment products managed by securities companies.

29 Bank of Zhengzhou Co., Ltd.

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

4.1.2 Investment securities and other financial assets

As at December 31, 2016, the total amount of the Bank’s investment securities and other financial assets increased by RMB69,929 million to RMB183,144 million, representing an increase of 61.77% as compared with the end of last year. The increase in such assets of the Bank for 2016 was mainly due to the increase in our holding of investment products under trust schemes, investment of financial bonds and investment products managed by securities companies, which reflected the Bank’s continued efforts to diversify our investment portfolio to expand income sources.

The following table sets forth, as at the dates indicated, a breakdown of the Bank’s investment securities and other financial assets by investment intentions.

As at December 31, 2016 As at December 31, 2015

Amount % of total Amount % of total

(%) (%)

(Expressed in millions of Renminbi, unless otherwise stated)

Investments classified as loans and receivables 118,225 64.55 65,106 57.51

Held-to-maturity investments 49,671 27.12 23,902 21.11

Available-for-sale financial assets 6,302 3.44 11,206 9.90

Financial assets at fair value through profit or loss 8,946 4.89 13,001 11.48

Total investment securities and other financial assets 183,144 100.00 113,215 100.00

Our investment securities and other financial assets are classified into fixed-income securities and equity instruments. During the Reporting Period, substantially all of our investment securities and other financial assets were fixed-income securities. The following table sets forth, as at the dates indicated, the distribution of the Bank’s investment securities and other financial assets by fixed income securities and equity instruments.

28Annual Report 2016

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

(2) Personal loans

As at December 31, 2016, the Bank’s personal loans increased by RMB1,973 million to RMB24,815 million, representing an increase of 8.64% as compared with the end of last year. The continued growth of the Bank’s personal loans was mainly attributable to the increases in personal residential mortgage, consumption and credit card balances. As at December 31, 2016, the personal residential mortgage loans increased by 17.74% as compared with the end of last year, mainly attributable to the continued promotion of the national center city of Zhengzhou and other planning and construction which led to the growth of individual housing demand. Personal consumption loans and credit card balances increased by 30.51% and 71.60% respectively as compared with the end of last year, mainly attributable to the business growth resulting from the Bank’s greater efforts in innovating the consumption loan products.

The following table sets forth, as at the dates indicated, a breakdown of the Bank’s personal loans by product type.

As at December 31, 2016 As at December 31, 2015

Amount % of total Amount % of total

(%) (%)

(Expressed in millions of Renminbi, unless otherwise stated)

Personal business loans 11,750 47.35 12,025 52.65

Personal residential mortgage loans 6,862 27.65 5,828 25.51

Personal consumption loans 4,842 19.51 3,710 16.24

Auto loans 491 1.98 772 3.38

Credit card balances 870 3.51 507 2.22

Total personal loans 24,815 100.00 22,842 100.00

(3) Discounted bills

As at December 31, 2016, the Bank’s discounted bills increased by RMB579 million to RMB5,022 million, representing an increase of 13.03% as compared with the end of last year. In 2016, the Bank flexibly adjusted the scale of bill financing according to the business development requirements and clients’ financing needs.

27 Bank of Zhengzhou Co., Ltd.

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

(1) Corporate loans

The corporate loans are the largest component of the Bank’s loan portfolio. As at December 31, 2016, the Bank’s corporate loans increased by RMB14,246 million to RMB81,255 million or 73.14% of the Bank’s total loans and advances to customers, representing an increase of 21.26% as compared with the end of last year, mainly due to (i) the Bank’s continued commitment to meet the capital requirements of the rapidly-growing wholesale and retail industry and to develop the loan business for small and micro enterprises, (ii) the Bank’s efforts to continue to strengthen the business cooperation with core quality clients in various sectors to sustain the growth of the relevant loan balance.

The following table sets forth, as at the dates indicated, a breakdown of the Bank’s corporate loans by collateral.

As at December 31, 2016 As at December 31, 2015

Loan amount % of total Loan amount % of total

(%) (%)

(Expressed in millions of Renminbi, unless otherwise stated)

Unsecured loans 6,455 7.95 783 1.17

Guaranteed loans 33,424 41.13 32,212 48.07

Loans secured by mortgages 20,198 24.86 18,510 27.62

Loans secured by pledges 21,178 26.06 15,504 23.14

Total corporate loans 81,255 100.00 67,009 100.00

26Annual Report 2016

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

4.1.1 Loans and advances to customers

As at December 31, 2016, the Bank’s total loans and advances to customers increased by RMB16,798 million to RMB111,092 million, representing an increase of 17.81% as compared with the end of last year. Our loans and advances to customers consist primarily of corporate loans, personal loans and discounted bills.

The following table sets forth, as at the dates indicated, a breakdown of the Bank’s loans by business line.

As at December 31, 2016 As at December 31, 2015

Amount % of total Amount % of total

(%) (%)

(Expressed in millions of Renminbi, unless otherwise stated)

Corporate loans 81,255 73.14 67,009 71.07

Personal loans 24,815 22.34 22,842 24.22

Discounted bills 5,022 4.52 4,443 4.71

Total loans and advances to customers 111,092 100.00 94,294 100.00

25 Bank of Zhengzhou Co., Ltd.

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

4 ANALYSIS OF KEY ITEMS OF FINANCIAL POSITION

4.1 Assets

As at December 31, 2016, the Bank’s total assets increased by RMB100,525 million or 37.84% to RMB366,148 million from the end of last year. The principal components of the Bank’s assets consist of (i) loans and advances to customers (net) and (ii) investment securities and other financial assets, up by RMB16,029 million and RMB69,929 million respectively compared with the end of last year.

The following table sets forth, as at the dates indicated, the components of the Bank’s total assets.

As at December 31, 2016 As at December 31, 2015

Amount % of total Amount % of total

(%) (%)

(Expressed in millions of Renminbi, unless otherwise stated)

Gross loans and advances to customers 111,092 94,294

Allowance for impairment losses (3,459) (2,690)

Loans and advances to customers, net 107,633 29.40 91,604 34.49

Investment securities and other financial assets 183,144 50.02 113,215 42.62

Cash and deposits with central bank 42,586 11.63 33,008 12.43

Deposits with banks and other financial institutions 1,415 0.39 7,679 2.89

Placements with banks and other financial institutions 11,758 3.20 5,520 2.08

Financial assets held under resale agreements 5,120 1.40 9,716 3.66

Finance lease receivables 5,721 1.56 – –

Other assets 8,771 2.40 4,881 1.83

Total assets 366,148 100.00 265,623 100.00

24Annual Report 2016

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

3.6 Impairment Losses

In 2016, the Bank’s impairment losses increased by RMB1,048 million or 80.74% to RMB2,346 million as compared with the same period last year, primarily attributable to the increase in the impairment losses of loans and advances to customers and investments classified as loans and receivables.

For the year ended December 31,

2016 2015Change in

amount Rate of change

(%)

(Expressed in millions of Renminbi, unless otherwise stated)

Loans and advances to customers 1,972 1,125 847 75.29

Financial investments classified as receivables 285 130 155 119.23

Finance lease receivables 58 – 58 N/AOthers 31 43 (12) (27.91)

Total provision for assets impairment losses 2,346 1,298 1,048 80.74

3.7 Income Tax Expenses

In 2016, the Bank’s income tax increased by RMB206 million or 20.48% to RMB1,212 million, which was primarily attributable to the increase in the Bank’s profit before taxation.

For the year ended December 31,

2016 2015Change in

amount Rate of change

(%)

(Expressed in millions of Renminbi, unless otherwise stated)

Current income tax 1,587 1,252 335 26.76

Deferred income tax (379) (244) (135) 55.33

Adjustments for prior years 4 (2) 6 (300.00)

Total income tax expenses 1,212 1,006 206 20.48

23 Bank of Zhengzhou Co., Ltd.

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

In 2016, the staff costs of the Bank were RMB1,194 million, up RMB245 million or 25.82% as compared with the same period last year, primarily attributable to the increase in salary, bonus and staff allowance. Staff costs represented the largest component of the Bank’s operating expenses, and accounted for 49.03% and 42.14% of the total operating expenses in 2016 and 2015 respectively.

In 2016, depreciation and amortisation expenses were RMB213 million, up RMB56 million or 35.67% as compared with the same period last year, primarily as a result of the increase in the provision for depreciation and amortisation of fixed assets and intangible assets given the expansion of branch network and upgrading of information technology.

In 2016, rental and property management expenses were RMB176 million, up RMB31 million or 21.38%, primarily attributable to the expansion of branch network.

In 2016, office expenses were RMB77 million, down RMB1 million or 1.28% as compared with the same period last year, primarily as a result of the Bank’s efforts on reducing operating fees.

In 2016, the Bank’s tax and surcharges were RMB212 million, down RMB212 million or 50.00% as compared with the same period last year, primarily because the Bank was subject to value added taxes instead of business tax given the nationwide comprehensive implementation of the pilot work for transition from business tax to VAT since May 1, 2016 according to the requirements of the document Cai Shui [2016] No. 36.

In 2016, other general and administrative expenses were RMB563 million, up RMB64 million or 12.83% as compared with the same period last year. Other general and administrative expenses primarily included marketing expenses, advertising expenses, travelling expenses and certain other expenses.

22Annual Report 2016

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

3.5 Operating Expenses

In 2016, the Bank’s operating expenses increased by RMB183 million or 8.13% to RMB2,435 million as compared with the same period last year primarily attributable to growth in staff costs.

For the year ended December 31,

2016 2015Change

in amount Rate of change

(%)

(Expressed in millions of Renminbi, unless otherwise stated)

Staff costs 1,194 949 245 25.82

Depreciation and amortisation 213 157 56 35.67

Rental and property management expenses 176 145 31 21.38

Office expenses 77 78 (1) (1.28)

Tax and surcharges 212 424 (212) (50.00)

Other general and administrative expenses 563 499 64 12.83

Total operating expenses 2,435 2,252 183 8.13

The following table shows the major components of staff costs for the periods indicated.

For the year ended December 31,

2016 2015Change

in amount Rate of change

(%)

(Expressed in millions of Renminbi, unless otherwise stated)

Staff costs Salaries, bonuses and allowances 801 614 187 30.46

Social insurance and annuity 161 129 32 24.81

Staff welfare 145 115 30 26.09

Housing allowances 47 38 9 23.68

Supplementary retirement benefits 7 7 – –

Others 33 46 (13) (28.26)

Total staff costs 1,194 949 245 25.82

21 Bank of Zhengzhou Co., Ltd.

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

In 2016, the Bank’s securities underwriting and consultancy business fees income reached RMB374 million, up by RMB180 million or 92.78% as compared with the same period last year, primarily as a result of the increase in scale of consultancy services offered and the number of bonds underwritten.

In 2016, the Bank’s acceptance and guarantee fees income reached RMB117 million, down by RMB19 million as compared with the same period last year.

In 2016, the Bank’s bank card services fees income was RMB49 million, up by RMB16 million or 48.48% as compared with the same period last year, primarily attributable to the increase in the number of bank cards issued by the Bank and the growth in transaction amount using the Bank’s bank cards.

Other fees and commission income amounted to RMB180 million, up by RMB130 million or 260.00% as compared with the same period last year.

3.4.2 Net trading gains

In 2016, the Bank’s net trading gains decreased by RMB48 million to RMB79 million as compared with the same period last year, primarily attributable to the decline in the market price of bonds invested by the Bank.

3.4.3 Net gains arising from investments

In 2016, the Bank’s net gains arising from investments increased by RMB181 million or 670.37% to RMB208 million as compared with the same period last year, primarily attributable to the optimisation of investment portfolio and the increase in the scale of bonds trading.

3.4.4 Other operating income

In 2016, the Bank’s other operating income increased by RMB91 million or 103.41% to RMB179 million as compared with the same period last year.

20Annual Report 2016

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

3.4 Non-interest Income

3.4.1 Net fee and commission income

In 2016, the Bank’s net fee and commission income increased by RMB502 million or 70.41% to RMB1,215 million as compared with the same period last year, primarily attributable to the increase in agency and custody services fees and underwriting and advisory fees, which in turn reflected the overall growth of the Bank’s fee and commission businesses.

For the year ended December 31,

2016 2015 Change Rate of Change

(%)

(Expressed in millions of Renminbi, unless otherwise stated)

Fee and commission incomeAgency and custody services fees 540 332 208 62.65

Underwriting and advisory fees 374 194 180 92.78

Acceptance and guarantee services fees 117 136 (19) (13.97)

Bank card services fees 49 33 16 48.48

Others 180 50 130 260.00

Subtotal 1,260 745 515 69.13

Fee and commission expense (45) (32) (13) 40.63Net fee and commission

income 1,215 713 502 70.41

In 2016, the Bank’s agency and custody services fees income reached RMB540 million, up by RMB208 million or 62.65% as compared with the same period last year, primarily attributable to the Bank’s continuous development of agency and custodian business with increase in the scale of agency and custodian services offered.

19 Bank of Zhengzhou Co., Ltd.

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

3.3.2 Interest expense on amounts due to banks and other financial institutions

In 2016, the Bank’s interest expense on amounts due to banks and other financial institutions increased by RMB78 million or 4.30% to RMB1,892 million as compared with the same period last year, primarily attributable to the increase in the average balance of the amounts due to banks and other financial institutions and the decline in the average cost. The increase in the average balance of the amounts due to banks and other financial institutions primarily reflected the Bank’s comprehensive consideration of the need to match assets and liabilities by increasing liabilities from banks, while the decline in the average cost was primarily because of the decline in market interest rate.

3.3.3 Interest expense on debt securities issued

In 2016, the Bank’s interest expense on debt securities issued increased by RMB526 million or 70.32% to RMB1,274 million as compared with the same period last year, primarily attributable to the increase in average balance of debt securities issued and the decline in the average cost. The average balance of the debt securities issued increased primarily because of the issuance of Tier II capital bonds and interbank certificates of deposit in 2016, leading to an increase in the average balance of debt securities issued from RMB17,622 million as of 2015 to RMB36,161 million as of 2016. The decline in the average cost was primarily attributable to the decline in market interest rate

3.3.4 Net interest spread and net interest margin

The Bank’s net interest spread decreased from 2.95% for last year to 2.52% for the current year, while the Bank’s net interest margin decreased from 3.12% for last year to 2.69% for the current year. The declines in net interest spread and net interest margin were primarily attributable to: (i) the decline in the average yield of investment in securities and other financial assets and loans and advances to customers; (ii) the decline of the proportion of loans and advances to customers with higher yield to total assets; and (iii) the increase in the amounts due to banks and other financial institutions, which was of higher interest rate, as well as the proportion of debt securities issued to total liabilities.

18Annual Report 2016

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

3.3.1 Interest expense on deposits from customers

In 2016, the Bank’s interest expense on deposits from customers increased by RMB394 million or 12.33% to RMB3,590 million as compared to the same period last year, primarily attributable to the continuous growth of the Bank’s deposit business and the increase in the proportion of term deposits. The growth of average balance of total deposits from customers primarily reflects the overall business growth and the expansion of branch network of the Bank, while the decline in the average cost of deposits from customers were primarily attributable to the decline in market interest rate.

For the year ended December 31,

2016 2015

Average Interest Average Average Interest Average

balance expense cost rate balance expense cost rate

(%) (%)

(Expressed in millions of Renminbi, unless otherwise stated)

Corporate depositsDemand 65,459 336 0.51 51,137 277 0.54

Time 46,185 1,900 4.11 29,264 1,225 4.19

Subtotal 111,644 2,236 2.00 80,401 1,502 1.87

Personal depositsDemand 12,863 52 0.40 10,750 47 0.44

Time 40,825 939 2.30 31,239 1,149 3.68

Subtotal 53,688 991 1.85 41,989 1,196 2.85Others 24,553 363 1.48 23,287 498 2.14

Total deposits from customers 189,885 3,590 1.89 145,677 3,196 2.19

17 Bank of Zhengzhou Co., Ltd.

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

3.2.2 Interest income from investment securities and other financial assets

In 2016, interest income from investment in securities and other financial assets of the Bank increased by RMB2,058 million or 35.70% to RMB7,822 million as compared to the same period last year, principally attributable to the increase in average balance of investment in securities and other financial assets. The increase in the average balance of investment in securities and other financial assets was primarily attributable to the increase in holding of investment products under trust schemes and investment products managed by securities companies, which had higher yield. The decline in average yield was attributable to the fluctuation of market interest rate.

3.2.3 Interest income from balances with central bank

In 2016, interest income from balances with central bank of the Bank increased by RMB20 million or 5.04% to RMB417 million as compared with the same period last year, primarily attributable to the increase in the average balance of cash and balances with central bank year by year, and among which, primarily due to the increase in statuary deposit reserve along with the growth of deposits from customers.

3.2.4 Interest income from amounts due from banks and other financial institutions

In 2016, interest income from amounts due from banks and other financial institutions of the Bank increased by RMB182 million or 53.53% to RMB522 million as compared with the same period last year, primarily attributable to the increase in the average balance and the decline in average yield. The increase in the average balance of these assets was primarily attributable to the increase in the amounts due from banks and other financial institutions, whereas the change in average yield was primarily attributable to the decline in market interest rate.

3.2.5 Interest income from finance lease receivables

In 2016, interest income from finance lease receivables increased by RMB120 million or 100.00% to RMB120 million as compared with the same period last year, primarily attributable to the establishment of a subsidiary, Jiuding Financial Leasing Company, by the Bank on 23 March 2016.

3.3 Interest Expense

In 2016, the Bank’s interest expense increased by RMB999 million or 17.35% to RMB6,757 million as compared to the same period last year, primarily attributable to (i) the increase in the volume of deposits from customers, (ii) the increase in the volume of amounts due to banks and other financial institutions, (iii) the increase in the volume of debt securities issued.

16Annual Report 2016

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

3.2 Interest Income

In 2016, the Bank’s interest income increased by RMB2,393 million or 18.90% to RMB15,057 million as compared to the same period last year, which was primarily attributable to (i) the increase in the volume of investment securities and other financial assets, (ii) the increase in the volume due from banks and other financial institutions, (iii) the increase in the volume for loans and advances to customers.

3.2.1 Interest income from loans and advances to customers

In 2016, interest income from loans and advances to customers of the Bank increased by RMB13 million or 0.21% to RMB6,176 million as compared to the same period last year, primarily as a result of the increase in average balance of loans and advances to customers. The Bank closely focused on three featured positions of providing financial services for “commercial sector”, “small and micro enterprises” and “citizens” and stronger support on loan marketing. The overall growth of loan business was promoted against the backdrop of economic downturn and decline in effective demand.

The following table sets out, for the periods indicated, the average balance, interest income and average yield for each component of the Bank’s loans and advances to customers.

2016 2015

Average Interest Average Average Interest Average

balance income yield balance income yield

(%) (%)

(Expressed in millions of Renminbi, unless otherwise stated)

Corporate loans 73,995 4,561 6.16 59,117 4,281 7.24

Personal loans 22,979 1,398 6.08 22,698 1,639 7.22

Discounted bills 7,170 217 3.03 4,976 243 4.88

Total loans and advances to customers 104,144 6,176 5.93 86,791 6,163 7.10

15 Bank of Zhengzhou Co., Ltd.

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

The following table sets out, for the periods indicated, the changes in the Bank’s interest income and interest expense attributable to changes in volume and rate. Changes in volume are measured by changes in the average balances of the Bank’s interest-earning assets and interest-bearing liabilities and changes in rate are measured by changes in the average rate of the Bank’s interest-earning assets and interest-bearing liabilities. Effects of changes caused by both volume and rate have been allocated to changes in rate.

For the year ended December 312016 vs. 2015

Increase/(decrease) due to Net increase/(decrease) (3)Volume (1) Rate (2)

(Expressed in millions of RMB)

Interest-earning assetsLoans and advances to customers 1,232 (1,219) 13

Investment securities and other financial assets 3,478 (1,420) 2,058

Deposits with central bank 23 (3) 20

Amounts due from banks and other financial institutions 243 (61) 182

Finance lease receivables 120 – 120Changes in interest income 5,096 (2,703) 2,393

Interest-bearing liabilities

Deposits from customers 970 (576) 394

Amounts due to banks and other financial institutions 747 (669) 78

Debt securities issued 787 (261) 526

Amounts due to central bank 1 – 1Change in interest expense 2,505 (1,506) 999

Notes:

(1) Represents the daily average balance for the year minus the daily average balance for the previous year, multiplied by the average yield/cost for the previous year.

(2) Represents the average yield/cost for the year minus the average yield/cost for the previous year, multiplied by the daily average balance for the year.

(3) Represents interest income/expense for the year minus interest income/expense for the previous year.

14Annual Report 2016

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

The following tables set forth, for the periods indicated, the average balance of the Bank’s interest-earning assets and interest-bearing liabilities, interest income and expense from these assets and liabilities, and the average yield of these interest-earning assets and the average cost of these interest-bearing liabilities.

For the year ended December 31,

2016 2015

Average Interest Average Average Interest Average

balance (6) income yield balance (6) income yield

(%) (%)

(Expressed in millions of Renminbi, unless otherwise stated)

Interest-earning assetsLoans and advances to customers 104,144 6,176 5.93 86,791 6,163 7.10Investment securities and other

financial assets (1) 153,949 7,822 5.08 96,010 5,764 6.00

Deposits with central bank 27,118 417 1.54 25,627 397 1.55Amounts due from banks and

other financial institutions (2) 21,670 522 2.41 12,631 340 2.69

Finance lease receivables 2,013 120 5.96 – – –Total interest-earning assets 308,894 15,057 4.87 221,059 12,664 5.73Interest-bearing liabilitiesDeposits from customers 189,885 3,590 1.89 145,677 3,196 2.19Amounts due to banks and other

financial institutions (3) 61,464 1,892 3.08 43,532 1,814 4.17

Debt securities issued 36,161 1,274 3.52 17,622 748 4.24

Amounts due to central bank 31 0.55 1.77 – – N/ATotal interest-bearing

liabilities 287,541 6,757 2.35 206,831 5,758 2.78Net interest income 8,300 – 6,906 –Net interest spread (4) 2.52 2.95Net interest margin (5) 2.69 3.12

Notes:

(1) Consists of our financial assets at fair value through profit or loss for the current period, available-for-sale financial assets, held-to-maturity investments, and financial investments classified as loans and receivables.

(2) Consists of deposits and placements with banks and other financial institutions and financial assets held under resale agreements.

(3) Consist of deposits and placements from banks and other financial institutions and financial assets sold under repurchase agreements.

(4) Calculated as the difference between the average yield on total interest-earning assets and the average cost of total interest bearing liabilities, calculated based on the daily average of the interest-earning assets and interest-bearing liabilities.

(5) Calculated by dividing net interest income by the average balance of total interest-earning assets, calculated based on the daily average of the interest-earning assets.

(6) Calculated as the average of the daily balances.

13 Bank of Zhengzhou Co., Ltd.

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

3 ANALYSIS OF INCOME STATEMENT

For the year ended December 31,

2016 2015 Change Rate of change

(%)

(Expressed in millions of Renminbi, unless otherwise stated)

Interest income 15,057 12,664 2,393 18.90

Interest expense (6,757) (5,758) (999) 17.35Net interest income 8,300 6,906 1,394 20.19

Fee and commission income 1,260 745 515 69.13

Fee and commission expense (45) (32) (13) 40.63Net fee and commission income 1,215 713 502 70.41

Net trading gains 79 127 (48) (37.80)

Net gains arising from investments 208 27 181 670.37

Other operating income 179 88 91 103.41Operating income 9,981 7,861 2,120 26.97

Operating expenses (2,435) (2,252) (183) 8.13

Impairment losses on assets (2,346) (1,298) (1,048) 80.74Operating profit 5,200 4,311 889 20.62

Share of profits of associates 57 51 6 11.76Profit before taxation 5,257 4,362 895 20.52

Income tax expense (1,212) (1,006) (206) 20.48Net profit for the yearNet profit attributable to 4,045 3,356 689 20.53

Equity shareholders of the Bank 3,999 3,357 642 19.12

Non-controlling interests 46 (1) 47 4,700

In 2016, the Bank recorded profit before taxation and net profit of RMB5,257 million and RMB4,045 million, representing an increase of 20.52% and 20.53% as compared to the same period last year, respectively.

3.1 Net Interest Income, Net Interest Spread and Net Interest Margin

In 2016, the Bank recorded net interest income of RMB8,300 million, representing an increase of RMB1,394 million or 20.19% as compared to the same period last year. Among this, a net interest income growth of RMB2,591 million was attributable to the expansion of the Bank’s business scale and a decline in net interest income of RMB1,197 million was attributable to the changes in yield or cost rate.

12Annual Report 2016

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

The Bank actively promoting the “three featured positions”. In 2016, the Bank focused on “providing financial services for commercial sector, small and micro enterprises and citizens” by careful planning and orderly promotion, resulting in great achievements. In terms of financial services for commercial sector, the Bank hired famous consulting agencies for construction and planning; it developed products such as “Baofu Pay (保付通)“and “Full-circulation Pay (全流通 )“, and constantly strengthened in-depth cooperation with strategic customers, getting 85 new logistics customers; launched trade finance asset-backed securities, future foreign exchange settlement, proprietary forfaiting, “For-free Installment (免費供)“and other products, with government factoring, forfaiting selling and purchasing and “Mutual-benefit Connect (互匯通)“constantly generating benefit, driving the rapid growth of trade financing; as at the end of 2016, the balance of trade finance reached RMB39.8 billion, increasing by RMB19.7 billion from the beginning of the year, doubling year-on-year. As for the financial services for small and micro enterprises, the Bank improved the mechanism of financial management for small and micro enterprises, and optimized the mass marketing business model, to promote professional and efficient development; 38 new risk control models were established, while products of logistics flow loans, point-of-sale (POS) flow loans and taxation-linked loans were launched; consumer finance loans were promoted and increased by RMB2.1 billion, with a year-on-year growth of 44.5%; brand conferences themed by “Easy Disbursement (簡單派)“and “Pleasant Life (樂生活)“were held, to introduce the mascot “Tiny Pai (派點點)“for “Easy Disbursement”; the Bank accelerated brand construction, embodying “simplicity is not simple, and finance for micro is not micro (簡單派不簡單、小金融大作為)“. As at the end of 2016, the Bank met the indicators of “Three Maximum Thresholds” for small and micro loans for 6 years successively. In respect of the financial services for citizens, the Bank formulated the first systematic bank development plan for citizens, offering featured cards of “all-in-one-card for citizens (市民一卡通) “, Fangyuan Logistics Card (方圓物流卡), Readers’ Card (書香卡) and Zheshang Card (浙商通), etc., and expanding applications of IC cards; the Bank launched new products of personal certificates of deposits and “Huideli (惠得利)“series, so as to improve mass marketing participation; it continued to expand the talent pool for retail managers by holding wealth management training and competitions and optimizing evaluation for the retail team, thus initially establishing a young, energetic and professional retail team. As at the end of 2016, the balance of deposits reached RMB60.827 billion, increasing by RMB13.745 billion or 29.19% from the beginning of the year; the number of issued credit cards reached more than 60,000, with a revenue of RMB34 million.

The strategic task showing new highlights. The Bank’s application for initial public offering of A shares was pending for approval by CSRC, marking the Bank’s first step onto the A-share market; the Bank successfully issued first tranche of tier-two capital bonds of RMB3 billion, the proceeds of which were all used as our tier-two capital; Jiuding Financial Leasing Company, a subsidiary of the Bank, commenced operation, while Zhongmu Zhengyin Country Bank Co., Ltd., filed notice to the CSRC for listing on the national equities exchange and quotations and was expected to become Henan Province’s first corporation bank on the national equities exchange and quotations; the Bank successfully acquired Xingzheng Jingu Rural Bank Co., Ltd., becoming the first bank to conduct mergers and acquisitions in Henan Province.

11 Bank of Zhengzhou Co., Ltd.

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS (Continued)

In 2017, the global economy will still be unoptimistic, resulted by inadequate new momentum and various uncertainties for economic development. With the steady progress of structural reforms on the supply side, as well as transformation and upgrading, new momentum will emerge. With the gradual improvement of the quality of economy, the domestic economy is expected to maintain a general tone of making progress with stable growth. However, the economy will face many difficulties and challenges. The economic growth will be stable but on a shaky foundation. Meanwhile, in face with accelerating market-oriented financial reform, interest rate liberalization, and intensifying financial disintermediation, the banking industry will face ever fiercer competition.

In 2017, the Bank will focus on reinforcing its weakness and facilitate innovation, with the three features of “providing financial services for commercial sector, small and micro enterprises and citizens” as main goals, and continue to consolidate and expand market share, so as to improve its core competitiveness. The Bank will create new business highlands and promote transformation development by breaking through the traditional business mode and focusing on light assets, low capital consumption, low cost and quick turnaround. It will pay attention to credit risk prevention and control by enhancing risk management, making a firm development foundation and continuing to strengthen audit to prevent all kinds of risks.

2 OVERALL OPERATION OVERVIEW

In 2016, faced with increasingly complicated economic and financial situations, Bank of Zhengzhou made great achievements and advanced steadily by resisting pressure and working in a pragmatic, responsible and enterprising way.

The major operation indicators breaking another record. In 2016, operation indicators of the Bank continued to grow rapidly, while increments of main indicators such as assets, deposits and profits all reached record high. As at the end of 2016, the Bank’s asset scale was RMB366.148 billion, increasing by RMB100.525 billion or 37.84% from the beginning of the year; deposit balance was RMB216.390 billion, increasing by RMB47.195 billion or 27.89% from the beginning of the year; loan balance was RMB111.092 billion, increasing by RMB16.798 billion or 17.81% from the beginning of the year; net profits was RMB4.045 billion, increasing by RMB689 million or 20.53% year-on-year. The capital adequacy ratio was 11.76%, the NPL ratio was 1.31% and the provision coverage ratio was 237.38%. Major regulatory indicators met regulatory requirements.

10Annual Report 2016

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS

1 PAST ECONOMY AND ENVIRONMENT AND FUTURE PROSPECTS

In 2016, faced with the complicated economic environment at home and abroad, the PRC government maintained a general stable national economy while making progress and adhering to new development concept, moderately expanded the overall demand and firmly accelerated the progress of reforms, with structural reforms on the supply side as the focus of development, to properly cope with challenges and risks and lead optimistic social prospects, so that the national economy developed slowly, steadily and healthily. In 2016, the gross domestic product (GDP) reached RMB74,412.7 billion, up by 6.7% year on year, and fixed asset investment (excluding farmers) reached RMB59,650.1 billion, with a year-on-year nominal growth of 8.1%, consumer price index (CPI) increased by 2.0% as compared with that of the previous year, and producer price index for industrial products (PPI) decreased by 1.4% as compared with that of the previous year. At the end of December 2016, the balance of broad money (M2) amounted to RMB155.01 trillion with a year-on-year growth of 11.3%, the balance of narrow money (M1) amounted to RMB48.66 trillion with a year-on-year growth of 21.4% and the balance of cash in circulation (M0) amounted to RMB6.83 trillion with a year-on-year growth of 8.1%. At the end of 2016, the total asset dominated in RMB and foreign currencies of the domestic financial institutes in the banking industry reached RMB232.25 trillion with a year-on-year growth of 15.8%, representing a rise of 0.13 percentage points as compared with the previous year in terms of growth rate; the balances of deposit and loan steadily increased with loans dominated in RMB and foreign currencies amounting to RMB112.06 trillion, up by 12.79% as compared with the beginning of the year; the balances of deposit dominated in RMB and foreign currencies reached RMB155.52 trillion, with an increase of 11.27% as compared with the beginning of the year; the asset quality was generally stable with the non-performing loan ratio of commercial banks reaching 1.74%, representing an increase of 0.07 percentage points as compared with the end of previous year; the commercial banks achieved net profit of RMB1.65 trillion with a year-on-year growth of 3.54%; average profit margins of assets and average profit margins of capital was 0.98% and 13.38% respectively, keeping flat with previous year; the systematic risk of banking industry was manageable due to the continued enhancement of risk resistance ability, evidenced by the facts that the provision coverage ratio of commercial banks was 176.40%, the provision ratio of loans was 3.08%, and the capital adequacy ratio was 13.28%, all of which kept basically unchanged with previous year.

In 2016, Henan Province of the PRC, where the Bank is located, continued to reinforce the structural reforms on the supply side and focused on steady growth, structure adjustment, reform motivation and public welfare, risk resistance, to maintain an overall stable economic development and continuous progress of structural adjustment and transition of drivers for the province, adhering to new development concepts. According to the preliminary statistics, GDP in the whole province reached RMB4,016.001 billion with a year-on-year growth of 8.1%, which was 1.4 percentage points higher than the national average level. The value added output of industrial enterprises above designated size of the province increased by 8.0%, which was 2.0 percentage points higher than the national level. Fixed asset investment reached RMB3,975.393 billion, with a year-on-year growth of 13.7% and 5.6 percentage points higher than the national growth rate. The general level of consumer prices in the province recorded a year-on-year increase of 1.9%. In 2016, the banking industry of Henan Province maintained favorable growth, with its deposits recording an increase of RMB669.76 billion or 13.9% as compared with the beginning of the year, which was 2.57 percentage points higher than the national level; its loans recorded an increase of RMB534.1 billion or 16.8% as compared with the beginning of the year, which was 4 percentage points higher than the national level; its NPL ratio was 2.87%, decreasing by 0.14 percentage points as compared with the beginning of the year.

9 Bank of Zhengzhou Co., Ltd.

CHAPTER IV PRESIDENT’S STATEMENT

In 2016, amidst a complex economic environment, the Bank strictly followed the national economic development strategies and applicable regulatory requirements and worked towards its three business positionings of “providing financial services for the commercial sector, small and micro enterprises and citizens”. At the same time, the Bank continued to push forward various reforms and innovation and further improve its competitive advantage under the overall strategy of “reinforcing the foundation, strengthening management, building a strong headquarters and promoting transformation”, achieving a great leap forward in business development and gaining excellent results in operations.

2016 marked a year of big strides forward for the business. Apart from the application for listing of its A shares of the Bank accepted by the CSRC, the Bank successfully issued its Phase I Tier II Capital Bonds of RMB3 billion in 2016, the proceeds from which were used to increase the tier 2 capital of the Bank. Tangible progress was made in comprehensive business operations as Jiuding Financial Leasing Company commenced operation. The Bank obtained the business qualifications for asset securitisation, Class B lead underwriter and open-end wealth management. Besides, the Bank further expanded its network towards covering the whole province by establishing the Puyang Branch and Pingdingshan Branch as well as acquiring the Xinzheng Jingu Rural Bank. In 2016, the Bank saw growth in its key indicators, including assets, deposits and profit hit a record high. As at the end of 2016, the Bank’s asset scale increased by RMB100.525 billion or 37.84% to RMB366.148 billion from the beginning of the year; deposit balance increased by RMB47.195 billion or 27.89% to RMB216.390 billion from the beginning of the year; loan balance rose by RMB16.798 billion or 17.81% to RMB111.092 billion from the beginning of the year; and net profits increased by RMB689 million or 20.53% to RMB4.045 billion year-on-year. The capital adequacy ratio was 11.76%, the NPL ratio was 1.31% and the provision coverage ratio was 237.38%.

Besides, it has been a year of improvement in quality and efficiency. The Bank steadily implemented various reforms on business development and management by establishing the equity investment management department and the internet finance department as well as 12 special centres for innovation, investment banking, consumer finance, trade logistics and consolidated statement management of the Group. Meanwhile, the Bank continued to pursue innovation in small and micro enterprise financing, corporate business, bank card business, internet finance and e-payment channels. In particular, the Bank successfully issued its trade finance asset-backed securities, which was the first of its kind issued by a bank on the Shanghai Stock Exchange and was unprecedented among domestic city commercial banks.

This year also witnessed our commitment to prudent operations. In compliance with regulatory requirements, the Bank strictly followed the “30 Prohibitions (三十個嚴禁)” and conducted reviews of “Two Enhancements, Two Containments (兩加強、兩遏制)”. It proactively adjusted its credit structure by reducing the loans granted to industries featuring heavy pollution, large energy consumption and over-capacity as well as high risk clients, and reinforced its management and control of non-performing loans. Meanwhile, the Bank dedicated more efforts to daily supervision and inspection, special examinations of business and special audits, and organised self-examination of various activities to improve weak-points and prevent hidden risks. The Bank had no material non-compliance during the year, maintaining sound and steady development.

All these remarkable results would not have been possible without the ongoing support of our shareholders, investors and stakeholders, which inspires us to keep moving forward. The year 2017, which is the second year of the current Five-Year Plan, will be a crucial year for the Bank to apply for the listing of its A shares and foreseeable progress towards its three business positionings of “providing financial services for the commercial sector, small and micro enterprises and citizens”. Focusing on these business positionings and leveraging on innovation, the Bank will strive to improve its weak-points, reinforce its risk control and enhance its core competitiveness so as to open a new era of innovation and success!

Shen XueqingPresident

8Annual Report 2016

CHAPTER III CHAIRMAN’S STATEMENT

In 2016, the global economy continued its consolidation along with frequent risk incidents and uneven growth among major economies. The Chinese economy expanded at a moderate but steady pace in the accelerated process of economic restructuring and increasing financial disintermediation, Facing increasingly complex economic and financial environment and intensified market competition, the Board of the Bank, under the great support of shareholders, continued to closely focus on its three business positioning with resolute strategic willpower and, at the same time, proactively adapted to the changing environment to seize development opportunities. Under the leadership of the Board, the entire staff unswervingly forged ahead, tackled tough and made great efforts to achieve great progress in both business development and corporate governance.

Splendid results were achieved with innovative efforts. In 2016, leveraging on the opportunities of the market-oriented reform, the Bank accelerated its business innovation and transformation and continued to strengthen its overall risk control system, bringing continuous growth in asset scale, significant increase in deposit and steady improvement in profitability. As at 31 December 2016, the Bank’s asset scale reached RMB366.148 billion, deposit balance was RMB216.390 billion and loan balance was RMB111.092 billion, ranking No. 1 in the local banking system in terms of deposit scale. In 2016, the Bank realised net profits of RMB4.045 billion, with an average total return on assets (ROA) of 1.28% and an average return on equity (ROE) of 20.46%. Meanwhile, the Bank stayed committed to prudent operations and registered a capital adequacy ratio at 11.76%, provision coverage ratio at 237.38% and the annual non-performing loan (NPL) ratio at 1.31%, maintaining pretty level in major regulatory indicators.

Steady progress was made with consistent strategies. 2016 marked the beginning of the Bank’s 2016–2020 Five-Year Plan and it was also a year in which we gained excellent results in operations and achieved a great leap forward in business development. In 2016, the Bank made solid progress in comprehensive business operations, represented by Jiuding Financial Leasing Company (九鼎金融租賃公司) established by the Bank commencing operation and increase in number of county banks of the Bank by the acquisition of Xinzheng Jingu County Bank (新鄭金穀村鎮銀行); further expanded its fund raising channels by timely launching the application for listing of its A Shares which was accepted by the CSRC, and successfully issuing its Phase I Tier II Capital Bonds amounting RMB3 billion during the year; enhanced its application on business qualifications and obtained the business qualifications for asset securitisation, Class B lead underwriter and open-end wealth management, which further accelerated its pace towards new business and products; further expanded its network to cover the whole province by facilitating the setup of its outlets, such as setting up the Puyang Branch and Pingdingshan Branch.

The Bank committed to enhancing its corporate value despite challenges. In 2016, notwithstanding increasing market competition, the Bank has improved its market value by proactively adapting to the changing environment and seizing development opportunities. In the Rank of Competitiveness of PRC Commercial Banks published by a Chinese magazine The Banker, the Bank ranked No. 2 among all city commercial banks with assets of RMB200–300 Billion in 2016 in terms of competitiveness. According to the Top 40 Value-Creating Banks in China issued by McKinsey, the RAROC of the Bank ranked 3rd and 1st among the domestic banks and domestic city commercial banks, respectively. The Bank ranked the 67th in Asian Bank Competitiveness Rankings issued by 21st Century Business Herald and took the 29th place among domestic commercial banks. Meanwhile, the Bank was honoured with “Best Investment Value Award for Listed Companies” in the China Securities Golden Bauhinia Awards co-organised by Ta Kung Pao and other institutions.

As we celebrate our past achievements, we look toward to an even brighter future. In 2017, the Bank will forge ahead persistently towards its three business positionings of “providing financial services for the commercial sector, small and micro enterprises and citizens (商貿金融、小微金融、市民金融)”, push forward its innovative efforts and cultivate its core competitiveness. Meanwhile, the Bank will also pay attention to compliance and risk management and grow prudently and steadily so as to deliver better results and reward our shareholders, investors and other stakeholders for their trust and support.

Wang TianyuChairman

7 Bank of Zhengzhou Co., Ltd.

CHAPTER II HIGHLIGHTS OF ACCOUNTING DATA AND MAJOR FINANCIAL INDICATORS (Continued)

Notes:

(1) Calculated by dividing net profit for the period by average balance of total assets at the beginning and the end of the period.

(2) Calculated by dividing net profit attributable to equity shareholders of the Bank for the period by average balance of total equity attributable to equity shareholders of the Bank at the beginning and the end of the period.

(3) Calculated as the difference between the average yield on total interest-earning assets and the average cost of total interest-bearing liabilities, calculated based on daily average of the interest-earning assets and the interest-bearing liabilities.

(4) Calculated by dividing net interest income by the daily average balance of total interest-earning assets.

(5) Calculated by dividing total operating expenses (excluding tax and surcharges) by operating income.

(6) The China Banking Regulatory Commission (the “CBRC”) published the Capital Administrative Measures on June 7, 2012, which became effective on January 1, 2013 and replaced the Capital Adequacy Measures.

(7) Calculated by dividing total non-performing loans by gross loans and advances to customers.

(8) Calculated by dividing allowance for impairment losses on loans to customers by total non-performing loans.

(9) Calculated by dividing allowance for impairment losses on loans to customers by gross loans and advances to customers.

6Annual Report 2016

CHAPTER II HIGHLIGHTS OF ACCOUNTING DATA AND MAJOR FINANCIAL INDICATORS (continued)

For the year ended December 31,

2016 2015

Year-on-year change

between 2016 and 2015 2014 2013 2012

(Expressed in millions of Renminbi, unless otherwise stated)

Capital adequacy ratio indicators (6) (%) Change

Calculated based on Capital Administrative Measures

Core Tier-one capital adequacy ratio 8.79 10.09 (1.30) 8.66 10.28 N/A

Tier-one capital adequacy ratio 8.80 10.09 (1.29) 8.66 10.28 N/A

Capital adequacy ratio 11.76 12.20 (0.44) 11.12 12.08 N/A

Calculated based on Capital Adequacy Measures

Core capital adequacy ratio N/A N/A N/A N/A N/A 12.79

Capital adequacy ratio N/A N/A N/A N/A N/A 15.26

Total equity to total assets 5.97 6.71 (0.74) 5.58 6.39 7.40Asset quality indicators (%) ChangeNon-performing loan ratio (7) 1.31 1.10 0.21 0.75 0.53 0.47Allowance to non-performing

loans (8) 237.38 258.55 (21.17) 301.66 425.54 425.28Allowance to total loans (9) 3.11 2.85 0.26 2.26 2.24 2.01Other indicator (%) ChangeLoan-to-deposit ratio 51.34 55.73 (4.39) 58.83 61.65 67.19Scale indicators Rate of change (%)

Total assets 366,148 265,623 37.84 204,289 149,334 103,734

Of which: Net loans and advances 107,633 91,604 17.50 76,226 61,536 49,153

Total liabilities 344,287 247,799 38.94 192,884 139,798 96,063

Of which: Deposits from customers 216,390 169,195 27.89 132,561 102,097 74,654

Share capital 5,322 5,142 3.50 3,942 3,942 3,942

Equity attributable to equity shareholders of the Bank 21,296 17,795 19.67 11,405 9,536 7,671

Non-controlling interests 565 29 1848.28 – – –

Total equity 21,861 17,824 22.65 11,405 9,536 7,671

5 Bank of Zhengzhou Co., Ltd.

CHAPTER II HIGHLIGHTS OF ACCOUNTING DATA AND MAJOR FINANCIAL INDICATORS

The financial information of the Bank set forth in this annual report is prepared on a combined basis in accordance with International Financial Reporting Standards (“IFRS”). Unless otherwise stated, such information is the data of the Bank and its subsidiaries (collectively the “Group”) denominated in RMB.

In respect of the financial statements of the Bank prepared under the PRC GAAP (China Accounting Standards) and IFRS, there is no difference between the net profit attributable to shareholders for the year ended December 31, 2016 and net profit attributable to shareholders as at the end of the Reporting Period.

For the year ended December 31,

2016 2015

Year-on-year change

between 2016 and 2015 2014 2013 2012

(Expressed in millions of Renminbi, unless otherwise stated)

Operating Results Rate of change (%)

Net interest income 8,300 6,906 20.19 5,284 4,102 3,190

Net fee and commission income 1,215 713 70.41 348 162 62

Operating income 9,981 7,861 26.97 5,505 4,257 3,578

Operating expenses (2,435) (2,252) 8.13 (1,842) (1,386) (1,342)

Impairment losses on assets (2,346) (1,298) 80.74 (497) (400) (328)

Profit before taxation 5,257 4,362 20.52 3,203 2,507 1,923

Net profit 4,045 3,356 20.53 2,463 1,902 1,460

Net profit attributable to equity shareholders of the Bank 3,999 3,357 19.12 2,463 1,902 1,460

Calculated on a per share basis (RMB) Rate of change (%)

Net asset per share attributable to shareholders of the Bank 4.00 3.46 15.61 2.89 2.42 1.95

Earnings per share 0.75 0.85 (11.76) 0.62 0.48 0.37Profitability Indicators (%) ChangeReturn on average total assets (1) 1.28 1.43 (0.15) 1.39 1.50 1.67Return on average equity (2) 20.46 22.99 (2.53) 23.52 22.10 21.04Net interest spread (3) 2.52 2.95 (0.43) 3.07 3.30 3.99Net interest margin (4) 2.69 3.12 (0.43) 3.31 3.50 4.00

Net fee and commission income to operating income 12.17 9.07 3.10 6.32 3.81 1.74

Cost-to-income ratio (5) 22.26 23.27 (1.01) 27.72 27.06 32.89

4Annual Report 2016

CHAPTER I CORPORATE INFORMATION (Continued)

3 MAJOR AWARDS IN 2016

In January 2016, the Bank was awarded as one of the “Outstanding Dealers in China’s Bond Market” in the selection of Outstanding Members in China’s Bond Market in 2015 organized by China Central Depository & Clearing Co. Ltd..

In April 2016, the Bank won the “Best City Commercial Bank Award” and “Most Influential Marketing Award” at the Local Currency Interbank Conference organized by National Interbank Funding Centre.

In May 2016, the Bank was honoured with “the Best Financial Innovation Award” in “Financial Innovation Award in China” co-organized by the Chinese magazine The Banker, Central Television, the Financial Research Institute of the Chinese Academy of Social Sciences and Internet Economic Research Institute of Central University of Finance and Economics in which our “Loans guaranteed by insurance”, “Golden Parasol” and “Ding Rong Yi” won “Top Ten Financial Product Innovation” award, “Top Ten Wealth Management Innovations” award and “Top Ten Internet Finance Innovation” award respectively.

In September 2016, the Bank ranked “No. 2 Among All City Commercial Banks With Assets RMB200–300 Billion in 2015 On Competitiveness” in the Rank of Competitiveness of PRC Commercial Banks published by the Chinese magazine The Banker.

In November 2016, the universal payment solution of the Bank was honoured with “Chinese Financial Brand Bauhinia Awards – Innovation Internet Financial Product” in the “Tsinghua Financial Technology Forum” organised by Tsinghua University School of Economics and Management.

In December 2016, the Bank was awarded as the “Best Investment Value Award for Listed Companies” in the “China Securities Golden Bauhinia Awards” co-organised by institutions such as Ta Kung Pao.

3 Bank of Zhengzhou Co., Ltd.

CHAPTER I CORPORATE INFORMATION (Continued)

2 COMPANY PROFILE

The Bank of Zhengzhou is a regional joint stock commercial bank incorporated in November 1996 upon the approval by the People’s Bank of China, based on 48 city credit cooperatives in Zhengzhou City. The Bank was renamed as Zhengzhou Commercial Bank Co., Ltd. in February 2000 and Bank of Zhengzhou Co., Ltd. in December 2009. The Bank was listed on the main board of Hong Kong Stock Exchange in December 2015, which was the first listed city commercial bank in Henan Province and the tenth in China. Under its market positioning strategy of “commerce and logistics bank, financing expert for small and medium enterprises and boutique banking for residents”, the Bank of Zhengzhou has long been focusing on the area of small and micro enterprises, serving the real economy and adhering to the development path with uniqueness and differentiation with the value proposition of “Being a good financial service partner of Small And Middle Enterprise (“SME”) and the brand idea of “serve with heart”, leading to consistent historic breakthroughs in each of its business line and a significant enhancement of its competitive edge and comprehensive strength. As present, the Bank has established Jiuding Financial Leasing Company (九鼎金融租賃公司) and 4 county banks at Zhongmu, Xinmi, Yanlin and Fugou as well as acquired Xinzheng Jingu County Bank (新鄭金穀村鎮銀行) and its comprehensive business operation has proceeded steadily.

As of 31 December 2016, the Bank had 3,773 employees and 132 branches in which 10 were located inside Henan Province. With its assets scale amounted to RMB366.148 billion, deposits balance amounted to RMB216.390 billion, loan balance amounted to RMB111.092 billion and its capital adequacy ratio of 11.76%, non-performing loan rate of 1.31% and allowance to non-performing loans of 237.38%, the Bank’s major financial indicators have met all the regulatory requirements.

The Bank’s operating and management ability continues to improve, receiving wide recognition from various sectors of the community. In the list of “Top 1000 World Banks 2015”, the Bank ranked the 337th and 327th on Tier-1 capital and assets scale respectively, representing 102 and 49 places up year-on-year. In the Rank of Competitiveness of 2016 PRC Commercial Banks published by the Chinese magazine The Banker, the Bank ranked “No. 2 Among All City Commercial Banks With Assets RMB200–300 Billion in 2015 On Competitiveness”. According to the “Top 40 Value-Creating Banks in China” issued by McKinsey, the Risk Adjusted Return on Capital(“RAROC”) of the Bank in 2015 ranked third among the domestic banks. With its outstanding results and market performance, the Bank was awarded as the “Best Investment Value Award for Listed Companies” in the “China Securities Golden Bauhinia Awards” co-organised by Ta Kung Pao and several reknown institutions in mainland China.

2Annual Report 2016

CHAPTER I CORPORATE INFORMATION

1 BASIC INFORMATION

Legal name in Chinese: 鄭州銀行股份有限公司1 (Abbreviation: 鄭州銀行)Legal name in English: Bank of Zhengzhou Co., Ltd.1 (Abbreviation: ZHENGZHOU BANK)Legal representative: Mr. Wang TianyuAuthorised representatives: Mr. Wang Tianyu, Mr. Fu ChunqiaoBoard secretary: Mr. Fu ChunqiaoJoint company secretaries: Mr. Fu Chunqiao, Ms. Leung Wing Han SharonStock exchange on which H Shares are listed: The Stock Exchange of Hong Kong LimitedStock abbreviation and stock code: Stock abbreviation: ZHENGZHOU BANK

Stock code: 6196Unified Social Credit Code: 914100001699995779Financial licence number: B1036H241010001Registered address and office address: 22 Shangwu Waihuan Road, Zhengdong New District, Zhengzhou,

Henan Province, ChinaPrincipal place of business in Hong Kong: 18/F, Tesbury Centre, 28 Queen’s Road East, Wanchai, Hong KongContact address: 22 Shangwu Waihuan Road, Zhengdong New District, Zhengzhou, Henan

Province, ChinaTel: +86-371-67009199

Fax： +86-371-67009898E-mail: ir@zzbank.cnWebsite: www.zzbank.cnAuditor: KPMGPRC legal advisor: King & Wood Mallesons (Beijing)Hong Kong legal advisor: King & Wood MallesonsCompliance advisor: BOCOM International (Asia) LimitedH Share Registrar: Computershare Hong Kong Investor Services LimitedTrustee agency for Domestic Shares: China Securities Depository and Clearing Corporation Limited

1 The Bank is not an authorised institution within the meaning of the Banking Ordinance (Chapter 155 of the laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorised to carry on relevant banking/deposit-taking business in Hong Kong.

1 Bank of Zhengzhou Co., Ltd.

CHAPTER I CORPORATE INFORMATION 2

CHAPTER II HIGHLIGHTS OF ACCOUNTING DATA AND MAJOR FINANCIAL INDICATORS

5

CHAPTER III CHAIRMAN’S STATEMENT 8

CHAPTER IV PRESIDENT’S STATEMENT 9

CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS 10

CHAPTER VI CHANGES IN SHARE CAPITAL AND INFORMATION ON SHAREHOLDERS 57

CHAPTER VII DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT, STAFF AND INSTITUTIONS

65

CHAPTER VIII CORPORATE GOVERNANCE REPORT 85

CHAPTER IX REPORT OF THE BOARD OF DIRECTORS 113

CHAPTER X REPORT OF THE BOARD OF SUPERVISORS 120

CHAPTER XI SIGNIFICANT EVENTS 122

CHAPTER XII INTERNAL CONTROL AND INTERNAL AUDIT 126

CHAPTER XIII INDEPENDENT AUDITOR’S REPORT 128

DEFINITIONS 255

CONTENTS

* This annual report was prepared in both Chinese and English versions. Where there is discrepancy between the Chinese and English version, the Chinese version shall prevail.

This annual report is printed on environment-friendly paper