2013 年報

2013 Annual Report

目錄 CONTENTS 頁數

PAGE 財務摘要 Financial Highlight 1五年財務摘要 Five-Year Financial Summary 2管理層討論及分析 Management's Discussion and Analysis 3董事會報告 Report of the Directors 10公司治理 Corporate Governance 12獨立核數師報告 Independent Auditors’ Report 18綜合收益表 Consolidated Income Statement 19綜合全面收益表 Consolidated Statement of Comprehensive Income 20全面收益表 Statement of Comprehensive Income 21綜合資產負債表 Consolidated Balance Sheet 22資產負債表 Balance Sheet 23綜合權益變動表 Consolidated Statement of Changes in Equity 24權益變動表 Statement of Changes in Equity 25綜合現金流量表 Consolidated Cash Flow Statement 26財務報表附註 Notes to the Financial Statements

1. 主要業務 1. Principal activities 272. 主要會計政策摘要 2. Summary of significant accounting policies 273. 應用會計政策時之重大會計估計及判斷 3. Critical accounting estimates and judgements in applying

accounting policies 594. 金融風險管理 4. Financial risk management 615. 資產和負債公平值 5. Fair values of assets and liabilities 1136. 淨利息收入 6. Net interest income 1237. 淨服務費及佣金收入 7. Net fee and commission income 1248. 淨交易性收益 8. Net trading gain 1259. 其他經營收入 9. Other operating income 125

10. 減值準備淨撥備 10. Net charge of impairment allowances 12611. 經營支出 11. Operating expenses 12712. 投資物業公平值調整之淨收益 12. Net gain from fair value adjustments on investment

properties 12713. 出售物業、器材及設備之淨(虧損 13. Net loss from disposal of properties, plant and equipment 12814. 稅項 14. Taxation 12815. 本銀行股東應佔溢利 15. Profit attributable to equity holders of the Bank 12916. 股息 16. Dividends 12917. 退休福利成本 17. Retirement benefit costs 13018. 董事及高級管理人員酬金 18. Director’s and senior management’s emolument 13119. 庫存現金及在銀行及其他金融機構的結餘 19. Cash and balances with banks and other financial

institutions 13320. 界定為以公平值變化計入損益之金融資產 20. Financial assets designated at fair value through profit or

loss 133

21. 衍生金融工具及對沖會計 21. Derivative financial instruments and hedge accounting 134

22. 貸款及其他賬項 22. Advances and other accounts 14123. 貸款減值準備 23. Loan impairment allowances 14224. 證券投資 24. Investment in securities 14425. 投資附屬公司 25. Investment in subsidiaries 151

目錄 CONTENTS 頁數

PAGE 26. 投資物業 26. Investment properties 15227. 物業、器材及設備 27. Properties, plant and equipment 15328. 其他資產 28. Other assets 15829. 客戶存款 29. Deposits from customers 15930. 其他賬項及準備 30. Other accounts and provisions 16031. 已抵押資產 31. Assets pledged as security 16032. 遞延稅項 32. Deferred taxation 16133. 股本 33. Share capital 16434. 儲備 34. Reserves 16435. 綜合現金流量表附註 35. Notes to consolidated cash flow statement 16536. 或然負債及承擔 36. Contingent liabilities and commitments 16637. 資本承擔 37. Capital commitments 16738. 經營租賃承擔 38. Operating lease commitments 16739. 訴訟 39. Litigation 16840. 分類報告 40. Segmental reporting 16941. 金融工具之抵銷 41. Offsetting financial instruments 17342. 董事及高級職員貸款 42. Loans to directors and officers 17543. 主要之有關連人士交易 43. Significant related party transactions 17644. 貨幣風險 44. Currency concentrations 17945. 跨國債權 45. Cross-border claims 18046. 非銀行的中國內地風險承擔 46. Non-bank Mainland China exposures 18147. 最終控股公司 47. Ultimate holding company 18248. 財務報表核准 48. Approval of financial statements 182

未經審核之補充財務資料 Unaudited Supplementary Financial Information 1. 信貸、市場及操作風險的監管資本 1. Regulatory capital for credit, market and operational risks 1832. 信貸風險資本規定 2. Capital requirements for credit risk 1843. 内部評級基準計算法下的信貸風險 3. Credit risk under the internal ratings-based approach 1864. 標準（信貸風險）計算法下的信貸風險 4. Credit risk under the standardised (credit risk) approach 2015. 交易對手信貸風險相關承擔 5. Counterparty credit risk-related exposures 2046. 市場風險資本要求 6. Capital charge for market risk 2097. 操作風險資本要求 7. Capital charge for operational risk 2118. 銀行賬的股權風險承擔 8. Equity exposures in banking book 211

總經理室 Board of Management 212分行網絡 Branch Network 213

1

財務摘要 Financial Highlight

2013 2012 6 變化

Change

全年 For the year 港幣千元HK$’000港幣千元 HK$’000 +/- %

提取減值準備前之淨經營 收入

Net operating income before impairment allowances 1,157,875 1,237,803 -6.46

經營溢利 Operating profit 746,736 844,696 -11.60除稅前溢利 Profit before taxation 772,288 945,643 -18.33年度溢利 Profit for the year 656,676 770,509 -14.77

於年結日 At year-end 港幣千元HK$’000港幣千元 HK$’000 +/- %

股本和儲備 Capital and reserves 6,130,041 6,077,436 +0.87已發行及繳足股本 Issued and fully paid share capital 300,000 300,000 -資產總額 Total assets 47,274,716 48,125,873 -1.77

財務比率 Financial ratios % % %

平均總資產回報率1 Return on average total assets 1 1.38 1.67 -0.29

平均股東權益回報率2 Return on average shareholders’ equity 2 10.76 13.54 -2.78

成本對收入比率 Cost to income ratio 32.02 26.92 +5.10貸存比率

3 Loan to deposit ratio 3 62.04 57.94 +4.10平均流動資金比率

4 Average liquidity ratio 4 43.52 46.20 -2.68總資本比率/資本充足比率 5 Total capital ratio/Capital adequacy ratio 5 21.45 20.43 +1.02

年度溢利 Profit for the year 1. 平均總資產回報率 =

Return on average total assets 資產總額之年初及年末餘額的平均值 Average of beginning and ending balance of total assets

年度溢利 Profit for the year 2. 平均股東權益回報率 =

Return on average shareholders’ equity 股本和儲備之年初及年末餘額的平均值 Average of beginning and ending balance of capital and reserves

3. 貸存比率以年末結算日數額計算。貸款為客戶貸款總額。

3. Loan to deposit ratio is calculated as at year end. Loan represents gross advances to customers.

4. 平均流動資金比率是以集友銀行有限公司之本地辦事處年內每月平均流動資金比率的簡

單平均值計算。

4. Average liquidity ratio is calculated as the simple average of each calendar month’s average liquidity ratio of local offices of Chiyu Banking Corporation Limited for the year.

5. 總資本比率／資本充足比率乃根據《銀行業(資本)規則》及按香港金融管理局(“金管局”)就監管規定要求以合併基準計算本銀行之本

地辦事處及海外分行財務狀況的比率。就信

用風險、市場風險及操作風險計算監管資本

的基準已於本年報財務報表附註 4.4 中描述。由於自 2013 年 1 月 1 日及 6 月 30 日起分別採納《2012 年銀行業（資本）（修訂）規則》及《2013 年銀行業（資本）（修訂）規則》，2013 年的比率不應與 2012 年的比率作直接比較。

5. Total capital ratio/capital adequacy ratio is computed on the combined basis that comprises the positions of local offices and overseas branches of Chiyu Banking Corporation Limited specified by the Hong Kong Monetary Authority (“HKMA”) for its regulatory purposes and in accordance with the Banking (Capital) Rules. The bases of regulatory capital calculation for credit risk, market risk and operational risk are described in Note 4.4 to the Financial Statements in this Annual Report. As a result of the adoption of Banking (Capital) (Amendment) Rules 2012 and Banking (Capital) (Amendment) Rules 2013 since 1 January and 30 June 2013 respectively, the ratio for 2013 is not directly comparable to that of 2012.

6. 若平比較數字已重新分類以符合本年之列示形式。

6. Certain comparative amounts have been reclassified to conform with the current year’s presentation.

2

五年財務摘要 Five-Year Financial Summary

自 2009 年 1 月 1 始，集友銀行有限公司(下稱「本銀行」)及其附屬公司(連同本銀行統稱「本集團」)最近 5 年之財務資料概述如下：

The financial information of Chiyu Banking Corporation Limited (hereinafter referred to as the “Bank”) and its subsidiaries (together with the Bank hereinafter referred to as the “Group”) for the last five years commencing from 1 January 2009 is summarised below:

2013 2012 2 2011 2010 2009 1

全年 For the year 港幣千元HK$’000港幣千元

HK$’000港幣千元 HK$’000

港幣千元

HK$’000港幣千元

HK$’000提取減值準前之淨經營

收入 Net operating income before impairment allowances 1,157,875 1,237,803 1,250,602 1,029,105 944,926

經營溢利 Operating profit 746,736 844,696 1,131,501 730,938 491,537除稅前溢利 Profit before taxation 772,288 945,643 1,165,929 751,957 509,276年度溢利 Profit for the year 656,676 770,509 972,027 623,612 423,264

於年結日 At year-end 港幣千元HK$’000港幣千元

HK$’000港幣千元 HK$’000

港幣千元

HK$’000港幣千元

HK$’000

貸款及其他賬項 Advances and other accounts 26,086,460 24,917,959 25,243,795 22,791,839 18,582,368資產總額 Total assets 47,274,716 48,125,873 44,112,208 41,066,624 39,944,869客戶存款 Deposits from customer 39,108,485 39,383,682 36,032,369 34,577,588 33,817,255負債總額 Total liabilities 41,144,675 42,048,437 38,809,552 36,336,647 35,844,209已發行及繳足股本

Issued and fully paid share capital 300,000 300,000 300,000 300,000 300,000

股本和儲備 Capital and reserves 6,130,041 6,077,436 5,302,656 4,729,977 4,100,660

財務比率 Financial ratios % % % % %

平均總資產回報率 Return on average total assets 1.38 1.67 2.28 1.54 1.07平均股東權益回報率

Return on average shareholders’

equity 10.76 13.54 19.38 14.12 10.78成本對收入比率 Cost to income ratio 32.02 26.92 26.43 29.03 50.47貸存比率

1 Loan to deposit ratio1 62.04 57.94 63.63 62.64 54.10

1. 若干比較數字已被重列，以反映採納香港會計準則第

12 號（經修訂）「所得稅」。

1. Certain comparative amounts have been restated to reflect the adoption of HKAS 12 (Amendment) “Income Taxes”.

2. 若平比較數字已重新分類以符合本年之列示形式。

2. Certain comparative amounts have been reclassified to conform with the current year’s presentation.

3

管理層討論與分析

Management’s Discussion and Analysis

業務回顧 Business Review 二零一三年，美國經濟持續溫和復蘇，美國聯

儲局於年末開始啟動退市，逐步縮減買債的規

模。歐元區經濟的復甦步伐依然疲弱。中國經

濟在中央政府推出一系列穩增長措施下，增長

平穩。香港經濟亦保持溫和增長。

In 2013, the US economic growth remained modest. The Federal Reserve has started tapering its monthly bond-buying stimulus programme since the end of 2013. The pace of recovery of the Eurozone economy continued to be slow. On the other hand, China economy grew steadily with a series of growth measures introduced by the Central Government, and Hong Kong economy has been able to sustain a moderate growth.

在二零一三年，香港銀行業的經營環境仍然複

雜多變，信貸風險有上升壓力。銀行繼續面對

劇烈巿場競爭以及持續低利率所帶來的經營壓

力。面對複雜多變的經營環境，本集團採取了

穏健中求發展的策略，致力優化業務結構、為

客戶提供良好的銀行服務。

During 2013, the operating environment for Hong Kong’s banking industry remained complex and uncertain. Banks faced intensifying competition while low interest rate environment continued to constrain the improvement of banks’ net interest margin. In view of the challenging operating environment, the Group has continued to take proactive yet prudent business development strategies, together with effort to enhance the business structure, the Group strive to provide high quality banking services to our customers.

本集團之主要業務為個人及企業客戶提供銀行

及相關之金融服務。在持續低息的環境下，本

銀行除提供優質服務鞏固核心客戶的存款外，

在年內亦針對不同的客戶需要，推出各類存款

計劃及理財產品。同時，本銀行積極為客戶提

供個性化的融資服務方案，服務涵蓋個人和企

業，由應付個人需要的私人貸款、買樓自住按

揭貸款，以至企業流動資金、固定資產融資、

業務擴充融資等，一應俱全。本銀行除積極參

與香港按揭証券公司的「中小企融資擔保計

劃」，以滿足中小企的融資需求外，也提升了

對各類工商企業的配套融資產品和跨境服務方

案。

The Group’s core businesses are to provide personal and corporate banking and other related financial services. In a persistently low interest rate environment, the Bank consolidated its core customer base with high quality services and actively introduced various kinds of deposits and wealth management products in response to the needs of different customers. In order to cater for financing needs of individual and corporate customers, the Bank has offered comprehensive financing products, such as personal loans, mortgage, operating cash flow financing, capital expenditure financing, etc. Moreover, the Bank has not only participated actively in the “SME Financing Guarantee Scheme” launched by the Hong Kong Mortgage Corporation Limited to enhance its SMEs services, but also enhanced financing products and cross-border services for different corporate customers.

本銀行在香港共設置有一個全功能的工商業務

中心和二十四家分行，在中國內地則設有兩家

分行及兩家支行。通過中港兩地的分支行網

點，本銀行更可為客戶提供一站式跨境銀行服

務，協助客戶進行財富管理及融資安排，為客

戶提供一個整體的財務方案。

With an all-rounded Commercial Banking Centre and 24 branches in Hong Kong, together with 2 branches and 2 sub-branches in Mainland China, the Bank provides cross-border integrated banking services to our customers for fulfilling their needs in wealth management and capital financing.

面對銀行風險環境多變、監管機構要求不斷提

高，本集團除致力保持財務的穩健性外，也增

加風險管理和內部控制的資源投入，提升了管

理團隊的專業水平，加強了內部控制和風險管

理措施，確保各項業務的健康發展。

In view of increasing business risk and regulatory requirement, the Group aims to maintain solid financial strength in order to better withstand market uncertainties. Moreover, the Group has stepped up to input more resources to enhance the quality of management team, the efficiency of internal control mechanisms as well as risk management measures in order to maintain a robust growth.

4

管理層討論與分析 (續)

Management’s Discussion and Analysis (continued)

財務表現 Financial Review

二零一三年，本集團錄得股東應佔溢利為港幣

656,676,000 元，較去年減少 14.77%，主要由於非經營收入及淨利息收入減少所致。平均股

東 資 金 回 報 率 及 平 均 總 資 產 回 報 率 分 別 為

10.76%及 1.38%，分別較二零一二年下降2.78%及 0.29%。

For 2013, the Group recorded a profit attributable to shareholders of HK$656,676,000, decreased by 14.77% from last year. It was mainly due to decrease of non-operating income and net interest income. The return on average shareholders’ equity and the return on average total assets were 10.76% and 1.38% respectively, decreased by 2.78% and 0.29% compared with 2012.

年內淨利息收入為港幣 867,688,000 元，較二零一二年減少 6.07%。淨利息收益率較去年下降 25 個點子至 1.86%。淨服務費及佣金收入為港幣 261,256,000 元，較去年增加 9.05%。經營支出為港幣 370,772,000 元，較去年增加11.27%，而成本收入比率較去年上升 5.1%至32.02%。

Net interest income was HK$867,688,000, decreased by 6.07% as compared with 2012. Net interest margin was 1.86% or 25 basis points lower than last year. Net fee and commission income was HK$261,256,000, increased by 9.05% from last year. Operating expenses increased by 11.27% to HK$370,722,000 and the cost-to-income ratio increased by 5.1% to 32.02%.

年內特定分類貸款比率上升 0.09%至 0.38%，錄得貸款減值準備淨撥備港幣 40,430,000 元，較去年減少 32.68%。

In 2013, the classified loans ratio rose by 0.09% to 0.38%. The net charge of loan impairment allowances decreased by 32.68% to HK$40,430,000 compared with last year.

於二零一三年底，本集團綜合總資產為港幣

47,274,716,000 元，較去年底減少 1.77%。客戶貸款為港幣 24,261,160,000 元，較去年底增加 6.32%。客戶存款為港幣 39,108,485,000元，較去年底下降 0.7%。

As at 31 December 2013, the Group recorded an decrease in the total consolidated assets by 1.77% to HK$47,274,716,000. Loans and advances to customers increased by 6.32% to HK$24,261,160,000. Customer deposits recorded a drop of 0.7% to HK$39,108,485,000.

前景展望 Prospect

展望二零一四年，預期美國和歐元區的復甦將

為世界經濟增長提供支援，中國經濟保持平穩

增長，人民幣國際化以及內地利率、匯率改革

將進一步推進。然而，美聯儲動縮減量化寬

鬆措施對新興市場資金外流、股市和債券市場

波動以及香港樓價下行的影響需要進一步關

注。預期香港銀行業經營將面對眾多的機遇和

挑戰，巿場的競爭仍然激烈。

Looking forward to 2014, it is expected that the economic recovery in the US and the Eurozone will support growth worldwide. The economic growth in the Mainland will remain stable with further push-forward in RMB internationalisation as well as reforms in interest rate and exchange rate system. Nevertheless, the effect of QE tapering on capital outflow, market fluctuation in stock and bond market in emerging markets and downward pressure on property price in Hong Kong worth closely monitoring. The outlook of the Hong Kong banking sector expects to consist of a combination of challenges and opportunities. Banks will still face intensifying competition.

本集團強調風險控制與業務增長及發展需要取

得有機平衡，因此在持續發展的過程中，將繼

續配置適當的資源，維持良好的公司治理及風

險管理，並且按照客戶對各項服務的需求和市

場的發展，提供更多切合客戶需要的產品和服

務。本行會繼續提高專業團隊的服務水平，擴

大產品和服務的覆蓋面，務求令客戶能得到靈

活、快捷和貼身的服務。

The Group will strive to maintain a prudent but growth strategy in conjunction with sound corporate governance and risk management, as well as optimising resources allocation, in order to maintain a balance between risk control and business growth. In terms of business development, the Group aims at providing flexible, convenient and personalised banking services. Therefore, we will continue to enhance the professionalism of our service teams as well as our products and services in response to market development and customer needs.

面對客戶不同的跨境服務需求，本行將進一步

發揮本地和內地服務團隊的聯動作用，優化以

客戶為中心的跨境服務模型，為企業在兩地的

資金融通，以及個人的跨境理財提供更專業的

服務。

To cope with the increasing demand of cross-border services, we will enrich our products and services and strengthen the collaboration between our Hong Kong and Mainland customer relationship teams. We will continuously upgrade our service model for cross-border financing and wealth management services to better serve our corporate and personal customers.

5

管理層討論與分析 (續)

Management’s Discussion and Analysis (continued)

風險管理

Risk Management

總覽 本集團深信良好的風險管理是企業成功的重

要元素。在日常經營中，本集團高度重視風

險管理，並強調風險控制與業務發展之間必

須取得平衡。本集團業務的主要內在風險包

括信貸風險、利率風險、市場風險、流動資

金風險、操作風險、信譽風險、法律及合規

風險及策略風險。本集團的風險管理目標是

在提高股東價值的同時，確保風險控制在可

接受的水平之內。有關集團風險管理管治架

構之詳細資料，請見本年報中財務報表附註

4。

Overview The Group believes that sound risk management is crucial to the success of any organisation. In its daily operation, the Group attaches a high degree of importance to risk management and emphasises that a balance must be struck between risk control and business development. The principal types of risk inherent in the Group’s businesses are credit risk, interest rate risk, market risk, liquidity risk, operational risk, reputation risk, legal and compliance risk, and strategic risk. The Group’s risk management objective is to enhance shareholder value by maintaining risk exposures within acceptable limits. For details of the Group’s risk management governance structure, please refer to Note 4 to the Financial Statements in this Annual Report.

信貸風險管理

Credit Risk Management

信貸風險指因客戶或交易對手未能或不願意

履行償債責任而造成損失的風險。銀行的交

易賬和銀行賬、以及資產負債表內和表外均

存在這種風險。信貸風險主要來自借貸、貿

易融資及資金業務，包括銀行同業交易、外

匯及衍生交易、債券及證劵投資。有關本集

團信貸風險管理之詳細資料，請見本年報中

財務報表附註 4.1。

Credit risk is the risk of loss arising from a customer or counterparty that will be unable to or unwilling to meet its contractual obligations. Credit risk exists in the trading book and banking book, on- and off-balance sheet exposures of a bank. It arises principally from the lending, trade finance and treasury businesses, and covers inter-bank transactions, foreign exchange and derivative transactions as well as investments in bonds and securities. For details of the Group’s Credit Risk Management, please refer to Note 4.1 to the Financial Statements in this Annual Report.

市場風險管理 Market Risk Management

市場風險是指因金融市場價格（利率、匯率、

股票價格、商品價格）波動導致整體的外匯、

商品、利率和股票持倉值出現變化而可能給

本集團帶來的損失。本集團採取適中的市場

風險偏好，實現風險與收益的平衡。有關集

團市場風險管理之詳細資料，請見本年報中

財務報表附註 4.2。

Market risk refers to the risk of loss arising from movements in the value of foreign exchange, commodity, interest rate and equity positions held by the Group due to the volatility of financial market price (interest rate, foreign exchange rate, equity price, commodity price). The Group adopts a moderate market risk appetite to achieve a balance between risk and return. For details of the Group’s Market Risk Management, please refer to Note 4.2 to the Financial Statements in this Annual Report.

本集團採用風險值量度一般市場風險，並定

期向風險管理委員會和高層管理人員報告。

本集團採用統一的風險值計量模型，運用歷

史模擬法，以 2 年歷史市場數據為參照，計算 99% 置信水平下及 1 天持有期內集團層面的風險值，並設定集團的風險值限額。

The Group uses the VAR to measure and report general market risks to the Risk Management Committee (“RC”) and senior management on a periodic basis. The Group adopts a uniformed VAR calculation model, using historical simulation approach and 2-year historical market data, to calculate VAR of the Group over a 1-day holding period with 99% confidence level, and sets up the VAR limit of the Group.

本集團採用回顧測試衡量風險值模型計量結

果的準確性。回顧測試是將每一交易日市場

風險持倉的風險值數字與下一個交易日從這

些持盤得到的實際及假設收入作出比較。一

般而言，在 99%置信度下，在連續 12 個月內的例外情况應該不超過 4 次。下圖列示本集團風險值與實際收入比較之回顧測試結

果。

The Group adopts back-testing to measure the accuracy of VAR model results. The back-testing compares the calculated VAR figure of market risk positions of each business day with the actual and hypothetical revenues arising from those positions on the next business day. Generally speaking, the number of back-testing exceptions in a rolling 12-month period will not exceed four times, given a 99% confidence level. The graph below shows the back-testing result of the VAR against actual revenues of the Group.

6

管理層討論與分析 (續)

Management’s Discussion and Analysis (continued)

風險管理 (續)

Risk Management (continued)

市場風險管理 (續) Market Risk Management (continued)

2013年每天回顧測試

Daily Backtesting in 2013

-1,000.00

-500.00

0.00

500.00

1,000.00

1,500.00

1/2

1/2

1

2/7

3/1

3/2

0

4/1

1

4/3

0

5/2

1

6/7

6/2

7

7/1

7

8/5

8/2

3

9/1

1

10/

2

10/2

2

11/

8

11/2

7

12/1

6

港幣千元HK$'000

實際收入Actual Revenues

風險值 VAR

2013 年內回顧測試結果顯示，本集團並無實際交易損失超過風險值的情況。

There were no actual losses exceeding the VAR for the Group in 2013 as shown in the back-testing results.

利率風險管理 Interest Rate Risk Management

利率風險是指因利率水平、資產負債期限結構

等要素發生變動而可能導致銀行整體收益和

經濟價值承受損失。本集團的利率風險承擔主

要來自結構性持倉。結構性持倉的主要利率風

險類別分為利率重訂風險、利率基準風險、收

益率曲線風險及客戶擇權風險。有關本集團利

率風險管理之詳細資料，請見本年報中財務報

表附註 4.2。

Interest rate risk means the risks to a bank’s earnings and economic value arising from movements in interest rate and term structures of the bank’s asset and liability positions. The Group’s interest rate risk exposures are mainly structural. The major types of interest rate risk from structural positions are re-pricing risk, basis risk, yield curve risk and options risk. For details of the Group’s Interest Rate Risk Management, please refer to the Note 4.2 to the Financial Statements in this Annual Report.

流動資金風險管理

Liquidity Risk Management

流動資金風險是指銀行因無法提供充裕資金

以應對資產增加或履行到期義務，而可能要承

受的不欲接受的損失。本集團遵循穩健的流動

資金風險偏好，確保在正常情況或壓力情景下

均有能力提供穩定、可靠和足夠的現金來源，

滿足流動資金需求；在極端情景下無需借助金

管局的流動性支持，累積的淨現金流為正值，

可以保證基本生存期內的流動資金需要。有關

本集團流動資金風險管理之詳細資料，請見本

年報中財務報表附註 4.3。

Liquidity risk is the risk that banks fail to provide sufficient funds to grow assets or pay the due obligations, and need to bear an unacceptable loss. The Group maintains sound liquidity risk appetite to provide stable, reliable and adequate sources of cash to meet liquidity needs under normal circumstances or stressed scenarios; and to survive with net positive cumulative cash flow in extreme scenarios without requesting HKMA to act as the lender of last resort. For details of the Group’s Liquidity Risk Management, please refer to Note 4.3 to the Financial Statements in this Annual Report.

7

管理層討論與分析 (續)

Management’s Discussion and Analysis (continued)

風險管理 (續)

Risk Management (continued)

操作風險管理

Operational Risk Management

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。操作風險隱藏於業務操作的各個環節，

是本集團在日常操作活動中面對的風險。

Operational risk is the risk of loss resulting from inadequate or failed internal processes, people and system, or from external events. The risk is inherent in every aspect of business operations and confronted by the Group in its day-to -day operational activities.

本集團實施操作風險管理「三道防線」體系：

所有部門或功能單位為第一道防線，是操作風

險管理的第一責任人，通過自我評估與自我提

升來履行業務經營過程中自我風險控制職

能。風險管理部連同一些與操作風險管理相關

的專門職能單位為第二道防線，負責評估和監

控第一道防線操作風險狀況，對其工作提供指

導。獨立於業務單位的風險管理部，負責協助

管理層管理本集團的操作風險，包括制定和重

檢操作風險管理政策和框架、設計操作風險的

管理工具和匯報機制、評估及向管理層和風險

管理委員會匯報總體操作風險狀況；專門職能

單位對操作風險的一些特定的範疇或與其相

關事項，履行第二道防線的牽頭管理責任，除

負責本單位操作風險管理外，亦須就指定的操

作風險管理範疇向其他單位提供專業意見／

培訓並履行本集團整體的操作風險牽頭管

理。稽核處為第三道防線，對操作風險管理框

架的有效性與充足性作獨立評估，需定期稽查

各部門或功能單位操作風險管理工作的合規

性和有效性，並提出整改意見。

The Group has implemented the “Three Lines of Defence” for its operational risk management. All departments or functional units as the first line of defence are the first parties responsible for operational risk management, and carry out the duties and functions of self risk control in the process of business operation through self assessment and self enhancement. The Risk Management Department (“RMD”) together with certain specialist functional units in relation to operational risk management within the Group are the second line of defence. They are responsible for assessing and monitoring the operational risk conditions in the first line of defence, and providing them with guidance. RMD, being independent from the business units, is responsible for assisting the Management in managing the Group’s operational risk, including the establishment and review of the operational risk management policy and framework, designing the operational risk management tools and reporting mechanism, and assessing and reporting the overall operational risk position to the Management and RC. Specialist functional units are required to carry out their managerial duties of the second line defence with respect to some specific aspects of operational risk and its related issues. Besides taking charge of operational risk management in their own units, these units are also required to provide other units with professional advice/training in respect of certain operational risk categories and to lead the group-wide operational risk management. Audit Division is the third line of defence which provides independent assessment to the effectiveness and adequacy of the operational risk management framework and is required to conduct periodic audit of the operational risk management activities of various departments or functional units within the Group regarding their compliance and effectiveness and to put forward recommendations for remedial actions.

本集團建立了有效的內部控制程序，對所有重

大活動訂下政策及監控措施。設置適當的職責

分工和授權乃本集團緊守的基本原則。本集團

採用關鍵風險指標、自我評估、操作風險事件

匯報及檢查等不同的操作風險管理工具或方

法來識別、評估、監察及控制潛在於業務活動

及產品內的風險，同時透過購買保險將未能預

見的操作風險減低。對支援緊急或災難事件時

的業務運作備有持續業務運作計劃，並維持充

足的後備設施及定期進行演練。

The Group has put in place an effective internal control process which requires the establishment of policies and control procedures for all the key activities. The Group adheres to the fundamental principle of proper segregation of duties and authorisation. The Group adopts various operational risk management tools or methodologies such as key risk indicators, self-assessment, operational risk events reporting and review to identify, assess, monitor and control the risks inherent in business activities and products, as well as purchase of insurance to mitigate unforeseeable operational risks. Business continuity plans are established to support business operations in the event of an emergency or disaster. Adequate backup facilities are maintained and periodic drills are conducted.

8

管理層討論與分析 (續)

Management’s Discussion and Analysis (continued)

風險管理 (續)

Risk Management (continued)

信譽風險管理

Reputation Risk Management

信譽風險指因與本集團業務經營有關的負面

報導（不論是否屬實），可能引致客戶基礎縮

小、成本高昂的訴訟或收入減少等風險。信譽

風險隱藏於其他風險及各業務運作環節，涉及

層面廣泛。

Reputation risk is the risk that negative publicity about the Group’s business practices, whether genuine or not, will cause a potential decline in the customer base or lead to costly litigation or revenue decrease. Reputation risk is inherent in other types of risk and every aspect of business operation and covers a wide spectrum of issues.

為減低信譽風險，本集團制定並遵循信譽風險

管理政策。此政策的目的是當信譽風險事件發

生時本集團能夠盡早識別和積極防範。鑒於信

譽風險往往是由各種可能令公眾對本集團信

任受損的操作及策略失誤所引發，本集團建立

關鍵控制自我評估機制包括相關風險評估工

具，以評估各主要風險可能對本集團造成的嚴

重影響，包括對本集團信譽的損害程度。

In order to mitigate reputation risk, the Group has formulated and duly followed its Reputation Risk Management Policy. The policy aims to identify and prevent reputation risk proactively at an early stage when an incident occurs. Since reputation risk is often caused by various types of operational and strategic issues that negatively impact the trust and perception of the Group, all operational and key risks identified are assessed through the established Key Control Self-Assessment framework, including risk assessment tools, to evaluate the severity of their impact on the Group, including the damage to reputation.

此外，本集團建立完善機制持續監測金融界所

發生的信譽風險事件，以有效管理、控制及減

低信譽風險事件的潛在負面影響。本集團亦借

助健全有效機制及時向利益相關者披露信

息，由此建立公眾信心及樹立本集團良好公眾

形象。

In addition, the Group has put in place a comprehensive framework to continuously monitor reputation risk incidents in the financial industry. This continuous monitoring enables the Group to effectively manage, control and mitigate any potential adverse impact from an incident. The Group also adopts robust disclosure practices to keep our stakeholders informed at all times, which helps build confidence in the Group and establish a strong public image.

法律及合規風險管理

Legal and Compliance Risk Management

法律風險指因不可執行合約、訴訟或不利判決

而可能使本集團運作或財務狀況出現混亂或

負面影響的風險。合規風險指因未有遵守所有

適用的法例和規則，而可能導致本集團須承受

遭法律或監管機構制裁、引致財務損失或信譽

損失的風險。法律及合規風險由合規及操作風

險處管理，該單位的風險管理部主管需向總裁

匯報。合規及操作風險處在中國銀行(香港)有限公司(下稱「中銀香港」)法律服務中心的協助下負責管理法律風險。法律及合規風險管理

政策是本集團公司治理架構的組成部分，由董

事會屬下的風險管理委員會審批。

Legal risk is the risk that unenforceable contracts, lawsuits or adverse judgments may disrupt or otherwise negatively affect the operation or financial conditions of the Group. Compliance risk is the risk of legal or regulatory sanctions, financial losses, or losses in reputation the Group may suffer as a result of its failure to comply with all applicable laws and regulations. Legal and compliance risks are managed by the Compliance and Operational Risk Division (“C&ORD”) headed by the Head of RMD who reports to Chief Executive (“CE”). C&ORD is responsible for legal risk management of the Group with support rendered by the Legal Services Centre of Bank of China (Hong Kong) Limited (hereinafter referred as to “BOCHK”). As part of the Group’s corporate governance framework, the policy for the management of legal and compliance risk is approved by RC as delegated by the Board.

策略風險管理

Strategic Risk Management

策略風險指本集團在實施各項策略，包括宏觀

戰略與政策，以及為執行戰略與政策而制定各

項具體的計劃、方案和制度時，由於在策略制

定、實施及調整過程中失當，從而使本集團的

盈利、資本、信譽和市場地位受到影響的風

險。董事會檢討和審批策略風險管理政策。重

點戰略事項均得到高層管理人員與董事會的

充分評估與適當的審批。

Strategic risk generally refers to the risks that may induce current or future negative impacts on the earnings, or capital or reputation or market position of the Group because of poor business decisions, improper implementation of strategies and inadequancies in the response to the changing market condition. The Board reviews and approves the strategic risk management policy. Key strategic issues have to be fully evaluated and properly endorsed by the senior management and the Board.

本集團會因應最新市場情況及發展，定期檢討

業務策略。

The Group regularly reviews its business strategies to cope with the latest market situation and developments.

9

管理層討論與分析 (續)

Management’s Discussion and Analysis (continued)

風險管理 (續)

Risk Management (continued)

資本管理

Capital Management

本銀行資本管理的主要目標是維持與本銀行

整體風險狀況相稱的資本充足水平，同時為股

東帶來最大回報。資產負債管理委員會定期檢

討本銀行資本結構，並在需要時進行調整以保

持風險、回報與資本充足性的最佳平衡。

The major objective of the Bank’s capital management is to maximise total shareholders’ return while maintaining a capital adequacy position in relation to the Bank’s overall risk profile. The Asset and Liability Management Committee (“ALCO”) periodically reviews the Bank’s capital structure and adjusts the capital mix where appropriate to maintain an optimal balance among risk, return and capital adequacy.

《2012 年銀行業（資本）（修訂）規則》及《2013 年銀行業（資本）（修訂）規則》已分別於 2013 年 1 月 1 日及 2013 年 6 月 30日起生效。有關規則主要修訂最低資本比率要

求（將資本充足比率擴充為三個比率，即普通

股權一級資本比率、一級資本比率及總資本比

率）及監管資本的定義。此外，有關規則包括

優化交易對手信貸風險框架，及修訂對某些貿

易融資活動和證券融資交易的資本處理方

法。有關規則實施後，本銀行仍維持資本穩

健。

The Banking (Capital) (Amendment) Rules 2012 and the Banking (Capital) (Amendment) Rules 2013 came into operation on 1 January 2013 and 30 June 2013 respectively. The rules mainly addressed the revision to both the minimum capital ratio requirement (in terms of expanding the existing capital adequacy ratio into three ratios, namely, a Common Equity Tier 1 capital ratio, a Tier 1 capital ratio and a Total capital ratio) and the definition of regulatory capital. In addition, the rules included the enhancements to the counterparty credit risk framework and amendments on the capital treatment for certain trade financing activities and securities financing transactions. The Bank’s capital position remains strong after the implementation of the rules.

為符合金管局監管政策手冊「監管審查程序」

內的要求，本銀行採用內部資本充足評估程序

並每年作出重檢。按金管局對第二支柱的指

引，內部資本充足評估程序主要用以評估在第

一支柱下未有涵蓋或充分涵蓋的重大風險所

需的額外資本，從而設定本銀行最低普通股權

一級資本比率、最低一級資本比率及最低總資

本比率。同時，本銀行亦就前述的資本比率設

定了運作區間，以支持業務發展需要及促進資

本的有效運用。

To comply with the HKMA’s requirements as stated in the Supervisory Policy Manual “Supervisory Review Process”, the Bank adopts the internal capital adequacy assessment process (“ICAAP”) and reviews it annually. Based on the HKMA’s guidelines on Pillar II, ICAAP has been initiated to assess the extra capital needed to cover the material risks not captured or not adequately captured under Pillar I, and therefore minimum Common Equity Tier 1 capital ratio, minimum Tier 1 capital ratio and minimum Total capital ratio are determined. Meanwhile, operating ranges for the aforementioned ratios has also been established which enables the flexibility for future business growth and efficiency of capital utilisation.

壓力測試 本集團以壓力測試輔助各項風險的分析工

作。壓力測試是一種風險管理工具，用以評估

當市場或宏觀經濟因素急劇變化並產生極端

不利的經營環境時銀行風險暴露的情況。本銀

行內各風險管理單位按金管局監管政策手冊

「壓力測試」內的原則，定期進行壓力測試。

資產負債管理委員會根據風險管理委員會批

准的主要風險限額，對壓力測試的結果進行監

控，風險管理部定期向董事會及風險管理委員

會匯報本集團的綜合測試結果。

Stress Testing The Group supplements the analysis of various types of risks with stress testing. Stress testing is a risk management tool for estimating risk exposures under stressed conditions arising from extreme but plausible market or macroeconomic movements. These tests are conducted on a regular basis by the Bank’s various risk management units in accordance with the principles stated in the Supervisory Policy Manual “Stress-testing” published by the HKMA. The ALCO monitors the results against the key risk limit approved by the RC. The RMD reports the combined stress test results of the Group to the Board and RC regularly.

10

董事會報告

Report of the Directors

集友銀行有限公司(下稱「本銀行」)董事會(下稱「董事會」)同仁謹此提呈本銀行及其附屬公司(連同本銀行統稱「本集團」)截至 2013 年 12 月 31 日止之董事會報告及經審核之綜合財務報表(下稱「財務報表」)。

The board of directors (hereinafter referred to as the “Board”) of Chiyu Banking Corporation Limited (hereinafter referred to as the “Bank”) are pleased to present their report together with the audited consolidated financial statements of the Bank and its subsidiaries (together with the Bank hereinafter referred to as the “Group”) for the year ended 31 December 2013 (hereinafter referred to as the “Financial Statements”).

主要業務 本銀行為根據香港《銀行業條例》項下所規定獲發牌的

持牌銀行。本集團之主要業務為提供銀行及相關的金融

服務。本集團於本年度按業務分類的經營狀況分析詳情

載於財務報表附註 40。

Principal Activities The Bank is a licensed bank authorised under the Hong Kong Banking Ordinance. The principal activities of the Group are the provision of banking and related financial services. An analysis of the Group’s performance for the year by business segments is set out in Note 40 to the Financial Statements.

業績及分配 本集團在本年度之業績載於第 19 頁之綜合收益表。 於 2013 年 6 月，董事會宣佈派發第一次中期股息，每股普通股港幣 75 元，總金額為港幣 225,000,000 元，並已於 2013 年 8 月 31 日支付。 於 2013 年 12 月，董事會宣佈派發第二次中期股息，每股普通股港幣 132 元，總金額為港幣 396,000,000 元，並已於 2014 年 2 月 28`日支付。 因此，2013 年全年股息達到每股普通股港幣 207 元。

Results and Appropriations The results of the Group for the year are set out in the consolidated income statement on page 19. The Board declared a first interim dividend of HK$75 per ordinary share, totalling HK$225,000,000 in June 2013, which was paid on 31 August 2013. The Board declared a second interim dividend of HK$132 per ordinary share, totalling HK$396,000,000 in December 2013, which was paid on 28 February 2014. Therefore, the total dividend payout for 2013 would be HK$207 per ordinary share.

儲備 本集團及本銀行之儲備變動詳情分別載於第 24 頁之綜合權益變動表及第 25 頁之權益變動表。

Reserves Details of movements in the reserves of the Group and the Bank are set out in the consolidated statement of changes in equity and statement of changes in equity on page 24 and 25 respectively.

物業、器材及設備 本集團及本銀行之物業、器材及設備變動詳情載於財務

報表附註 27。

Properties, Plant and Equipment Details of movements in properties, plant and equipment of the Group and the Bank are set out in Note 27 to the Financial Statements.

股本 本銀行之股本詳情載於財務報表附註 33。

Share Capital Details of the share capital of the Bank are set out in Note 33 to the Financial Statements.

董事 於年內及截至本報告書日期止，本銀行的董事(下稱「董事」)名單如下: 主席 和廣北 # 副主席 吳亮星 # 謝小玲 董事 陳耀輝 陳忠信 # 張惠慶 * 趙明華 # (於 2014 年 2 月 1 日辭任) 黃 菱 # 李開賢 * (於 2013 年 11 月 12 日委任) 劉信群 # 陳遠才 # 杜志榮 # 吳家瑋 * 余國春 * # 非執行董事 * 獨立非執行董事

Directors The directors of the Bank (hereinafter referred to as the “Directors”) during the year and up to date of this report are: Chairman He Guangbei # Vice Chairman Ng Leung Sing # Tse Siu Ling Directors Chan Yiu Fai Chen Zhong Xin # Cheung Wai Hing * Chiu Ming Wah # (resigned on 1 February 2014)

Huang Ling # Lee Hoi Yin, Stephen * (appointed on 12 November 2013) Liu Xin Qun # Tan Wan Chye # To Chi Wing # Woo Chia Wei * Yu Kwok Chun * # Non-executive Directors * Independent Non-executive Directors

11

董事會報告 (續)

Report of the Directors (continued)

本銀行公司組織章程細則第 92 條規定，獲董事會委任的董事之任期將於本銀行下屆股東週年大會屆滿，但可

於該大會膺選連任。因此，由董事會委任的李開賢先生

將於即將舉行之股東週年大會上告退，並願意膺選連任。

In accordance with Article 92 of the Bank’s Articles of Association, any Director appointed by the Board shall hold office only until the next annual general meeting of the Bank, but shall be eligible for re-election at such meeting. Accordingly, Mr. Lee Hoi Yin, Stephen being a Director so appointed, shall retire at the forthcoming annual general meeting and, being eligible, offer himself for re-election.

本銀行公司組織章程細則第 99 條及 100 條規定，於每年召開的股東週年大會上，任期最長的兩位董事將輪值

告退，但可膺選連任。因此，吳家瑋先生和陳耀輝先生

將依章輪值於即將舉行的股東週年大會上告退，並願意

膺選連任。

In accordance with Articles 99 and 100 of the Bank’s Articles of Association, two of the Directors who have been longest in office shall retire from office at the annual general meeting held each year, but shall be eligible for re-election. Accordingly, Mr. Woo Chia Wei and Mr. Chan Yiu Fai shall retire at the forthcoming annual general meeting and, being eligible, offer themselves for re-election.

董事權益 Directors’ Interests 於本年度末或本年度任何時間內，本銀行、其控股公司、

或其任何附屬公司或各同系附屬公司概無就本集團業務

訂立任何重大、而任何董事直接或間接擁有重大權益的

合約。

No contracts of significance, in relation to the Group’s business to which the Bank, its holding companies, or any of its subsidiaries or fellow subsidiaries was a party and in which a Director had a material interest, whether directly or indirectly, subsisted at the end of the year or at any time during the year.

於本年度任何時間內，本銀行、其附屬公司、同系附屬

公司或控股公司概無訂立任何安排，使董事可藉購買本

銀行或任何其他法人團體之股份或債券而獲益。

At no time during the year was the Bank, its subsidiaries, its fellow subsidiaries or its holding companies a party to any arrangements to enable the Directors to acquire benefits by means of the acquisition of shares in, or debentures of the Bank or at any other body corporate.

管理合約 於本年度內，本集團並無就整體業務或任何重要業務之

管理及行政工作簽訂或存有任何合約。

Management Contracts No contracts concerning the management or administration of the whole or any substantial part of the business of the Group were entered into or existed during the year.

符合《銀行業(披露)規則》 本年報符合《銀行業條例》項下《銀行業(披露)規則》之有關要求。

Compliance with the Banking (Disclosure) Rules This annual report complies with the applicable requirements set out in the Banking (Disclosure) Rules under the Banking Ordinance.

核數師 於 2013 年 4 月 11 日召開的股東週年大會結束時，羅兵咸永道會計師事務所的任期屆滿並退任本銀行的核數

師，安永會計師事務所（(下稱「安永」）獲委任為本銀行新任核數師，任期直至 2014 年召開的股東週年大會(下稱「2013 年度股東週年大會」)為止。 2013 年度的財務報表乃由安永審計。安永將於 2013 年度股東週年大會上告退，並表示願意繼續受聘。

Auditor At the close of annual general meeting held on 11 April 2013, PricewaterhouseCoopers retired as auditor of the Bank upon expiration of its term of office and Ernst & Young ((hereinafter referred to as the “EY”) was appointed as new auditor of the Bank to hold office until the conclusion of the annual general meeting to be held in 2014 (hereinafter referred to as the “2013 AGM”).

The Financial Statements for the year 2013 have been audited by EY who will retire and offer themselves for re-appointment at the 2013 AGM.

承董事會命 和廣北 主席 香港，2014 年 3 月 17 日

On behalf of the Board He Guangbei Chairman Hong Kong, 17 March 2014

12

公司治理

Corporate Governance

於本年度內，本集團符合載列於由香港金融管

理局（(下稱「金管局」）刊發的監管政策手冊CG-1「本地註冊認可機構的企業管治」中絕大部分的指引，本集團致力維持最高的企業管

治標準，並認為此承諾對於平衡股東、客戶及

員工的利益，以及保持問責及透明度，至為重

要。

During the year, the Group has complied with almost all guidelines as set out in the Supervisory Policy Manual CG-1 entitled “Corporate Governance of Locally Incorporated Authorised Institutions” issued by The Hong Kong Monetary Authority (hereinafter referred to as the “HKMA”). The Group is committed to maintaining the highest corporate governance standards and consider such commitment essential in balancing the interests of shareholders, customers and employees; and in upholding accountability and transparency.

董事會負責為本集團整體業務確定目標、制定

長遠策略及進行管理。董事會現時由十三位具

備不同經驗及專業之人士組成。當中兩位為執

行董事，其餘十一位為非執行董事。在十一位

非執行董事中，四位為獨立非執行董事，發揮

不可或缺的獨立監督作用。董事會定期召開會

議並於年內召開了四次會議，平均出席率達

92.45%。以行政總裁為首的管理層負責按已審定的策略及政策，制定及執行具體落實方

案，並定期向董事會提交本集團表現之報告，

以便董事會能夠有效地履行其職責。為了能專

注在對本集團運作、財務表現、風險管理及長

遠發展有重大影響之策略性及重要事宜上，董

事會成立了四個委員會監督本集團各主要範

疇。各委員會之詳情如下：

The Board is responsible for setting objectives and formulating long term strategies as well as managing the Group’s overall business. It currently comprises thirteen Directors with a variety of different experience and professionalism. Among them, two are Executive Directors, remaining eleven are Non-executive Directors. Of the eleven Non-executive Directors, four are Independent Non-executive Directors whose indispensable function is to provide independent scrutiny. The Board meets regularly and four board meetings were held in the year with an average attendance rate of 92.45%. The Management, led by the Chief Executive, is responsible for formulating and implementing detailed programmes to put into effect the approved strategies and policies, and providing reports on the Group’s performance to the Board on a regular basis to enable the Board to discharge its responsibilities effectively. In order to focus on the strategic and material issues that have significant impact on the Group’s operation, financial performance, risk management and long-term development, four committees have been established under the Board to oversee the major areas of the Group. The details of the committees are given below:

行政委員會 Executive Committee (“EC”) 行政委員會在董事會授權下，處理在董事會會

議休會期間需要董事會審議之事宜。其職責包

括﹕

The EC has been delegated with authorities from the Board to handle matters which require the Board’s review, but arise between board meetings. Its responsibilities include:

- 審議為實現董事會已審定之集團整體發展策略及業務計劃之政策、實施計劃和管理辦

法；

• approving policies, implementation plans and management measures to effect the group-wide development strategies and business plans approved by the Board;

- 檢討策略及業務計劃之實施進度； • reviewing the implementation progress of strategies and business plans;

- 提出策略性之議案供董事會審定；及 • recommending strategic proposals to the Board for its consideration and

approval; and

- 按監管當局及控股公司制定之政策，審議集團之制度及執行細則。

• approving the Group’s rules and regulations according to the policies imposed by the supervisory authorities and the holding companies.

行政委員會成員包括謝小玲女士(主席)、陳耀輝先生及杜志榮先生，彼等均為本銀行之董

事。

The members of EC are Ms. Tse Siu Ling (Chairman), Mr. Chan Yiu Fai and Mr. To Chi Wing. All are Directors of the Bank.

13

公司治理 (續)

Corporate Governance (continued)

稽核委員會 Audit Committee (“AC”) 稽核委員會協助董事會對本集團在以下方面

履行監控職責﹕

The AC assists the Board in fulfilling its oversight role over the Group in the following areas:

- 財務報告的真實性和財務報告程式；

• integrity of financial statements and financial reporting process;

- 內部控制系統；

• internal control systems;

- 內部稽核職能的有效性及稽核處主管的績效評估；

• effectiveness of internal audit function and performance appraisal of the Head of Audit Division;

- 外部核數師的聘任及其資格、獨立性和工作表現的評估；

• appointment of external auditor and assessment of its qualification, independence and performance;

- 本集團財務報告的定期審閱和年度審計；

• periodic review and annual audit of the Group’s financial statements;

- 遵循有關會計準則及法律和監管規定中有關財務信息披露的要求；及

• compliance with applicable accounting standards as well as legal and regulatory requirements on financial disclosures; and

- 強化及實施本集團的公司治理架構。 • enhancement and implementation of the Group’s corporate governance framework.

稽核委員會成員包括李開賢先生(主席)、張惠慶先生、陳遠才先生、吳家瑋先生及余國春先

生。彼等均為本銀行之非執行董事，其中李開

賢先生、張惠慶先生、吳家瑋先生及余國春先

生均為獨立非執行董事。

The members of AC are Mr. Lee Hoi Yin, Stephen (Chairman), Mr. Cheung Wai Hing, Mr. Tan Wan Chye, Mr. Woo Chia Wei and Mr. Yu Kwok Chun. All are Non-executive Directors of the Bank. Among them, Mr. Lee Hoi Yin, Stephen, Mr. Cheung Wai Hing, Mr. Woo Chia Wei and Mr. Yu Kwok Chun are Independent Non-executive Directors.

備註： 1. 李開賢先生分別於 2013 年 11 月 12 日及

2014 年 2 月 1 日獲委任為本銀行獨立非執行董事及稽核委員會主席。

2. 趙明華先生於 2014 年 2 月 1 日起辭任本銀行非執行董事及稽核委員會成員。

Remarks: 1. Mr. Lee Hoi Yin, Stephen was appointed as an Independent Non-executive

Director and the Chairman of AC of the Bank respectively on 12 November 2013 and 1 February 2014.

2. Mr. Chiu Ming Wah resigned as a Non-executive Director and a member of AC of the Bank on 1 February 2014.

風險管理委員會 Risk Management Committee (“RC”) 風險管理委員會協助董事會監督集團之風險

管理，制定集團風險管理策略、政策及程序，

以及監控其執行之情況。其職責包括﹕

The RC assists the Board in overseeing the risk management of the Group, formulating the Group’s risk management strategies, policies and procedures, and monitoring the implementation of those strategies, policies and procedures. Its responsibilities include:

- 協助董事會掌握及監控集團之風險承擔程度；

• assisting the Board to measure and monitor the risk exposures of the Group;

- 對董事會提出合適之風險管理策略建議；

及

• recommending appropriate risk management strategies to the Board; and

- 根據董事會之要求制定風險管理、授權和職責分工等有關風險管理之政策。

• formulating risk management related policies such as risk management policies and authorities and duties delegation policies in accordance with the requirements set by the Board.

- 在授權範圍內審查重大風險承擔或交易。

• reviewing significant risk exposures or transactions which fall within the authority delegated to the RMC.

風 險 管 理 委 員會 成 員 包 括 劉信 群 先 生 (主席)、吳亮星先生、杜志榮先生、謝小玲女士及余國春先生，彼等均為本銀行之董事。彼等

均為本銀行之董事，其中余國春先生為獨立非

執行董事。

The members of RC are Mr. Liu Xin Qun (Chairman), Mr. Ng Leung Sing, Mr. To Chi Wing, Ms. Tse Siu Ling and Mr. Yu Kwok Chun. All are Directors of the Bank. Among them, Mr. Yu Kwok Chun is Independent Non-executive Director.

14

公司治理 (續)

Corporate Governance (continued)

提名及薪酬委員會 Nomination and Remuneration Committee (“NRC”)

提名及薪酬委員會負責協助董事會對本集團在

以下方面履行職責：

The NRC assists the Board in performing the duties in respect of the Group in the following areas:

- 本集團的薪酬策略及激勵框架；

• remuneration strategy and incentive framework of the Group;

- 董事、董事會附屬委員會成員、及由董事會不時指定的高級管理人員的篩選和提名；

• selection and nomination of Directors, Board Committee members and certain senior executives as designated by the Board from time to time;

- 董事會和各委員會的結構、規模、組成（包括

成員的技能、經驗和知識）； • structure, size and composition (including skills, experience and

knowledge) of the Board and Board Committees;

- 董事、各委員會成員、高級管理人員及主要人員的薪酬；及

• remuneration of Directors, Board Committee members, senior management and key personnel, and

- 董事會及各委員會的有效性。

• effectiveness of the Board and Board Committees.

提名及薪酬委員會成員包括張惠慶先生(主席)、杜志榮先生及吳家瑋先生，彼等均為本銀行之非

執行董事。其中張惠慶先生及吳家瑋先生均為獨

立非執行董事。提名及薪酬委員會於 2013 年內共召開 2 次會議。

The members of the NRC are Mr. Cheung Wai Hing (Chairman), Mr. To Chi Wing and Mr. Woo Chia Wei. All are Non-executive Directors of the Bank. Among them, Mr. Cheung Wai Hing and Mr. Woo Chia Wei are Independent Non-executive Directors. There were two Nomination and Remuneration Committee meetings held during 2013

薪酬及激勵機制 Remuneration and Incentive Mechanism

本集團的薪酬及激勵機制按「有效激勵」及「穩

健薪酬管理」的原則，將薪酬與績效及風險因素

緊密掛鈎，在鼓勵員工提高績效的同時，也加強

員工的風險意識，實現穩健的薪酬管理，並作出

持續重檢。

The Remuneration and Incentive Mechanism of the Group is based on the principles of “effective motivation” and “sound remuneration management”. It links remuneration with performance and risk factors closely. It serves to encourage staff to enhance their performance and, at the same time, to strengthen their awareness of risk so as to achieve sound remuneration management. It is under continuous review.

本集團的薪酬及激勵政策適用於集友銀行及其

所有附屬機構(包括香港地區及以外的分支機構)。

The Remuneration and Incentive Policy of the Group is applicable to Chiyu Banking Corporation Limited and all of its subsidiaries (including the branches and institutions in and out of Hong Kong).

1.「高級管理人員」及「主要人員」 1. “Senior Management” and “Key Personnel” 本集團下列人員已界定為符合香港金融管理

局《穩健的薪酬制度指引》定義之「高級管

理人員」及「主要人員」：

The following groups of employees have been identified as the “Senior Management” and “Key Personnel” as defined in the HKMA’s “Guideline on a Sound Remuneration System”:

-「高級管理人員」：董事會指定的高管人員，負責總體策略或重要業務，包括總裁及副

總經理。

• “Senior Management”: The senior executives designated by the Board who are responsible for oversight of the firm-wide strategy or material business lines, including Chief Executive and Deputy General Managers.

-「主要人員」：個人業務活動涉及重大風險

承擔，對風險暴露有重大影響，或個人職

責對風險管理有直接、重大影響，或對盈

利有直接影響的人員，包括業務盈利規模

較大的單位主管、交易主管，以及對風險

管理有直接影響的職能單位第一責任人。

• “Key Personnel”: The employees whose individual business activities involve the assumption of material risk which may have significant impact on risk exposure, or whose individual responsibilities are directly and materially linked to the risk management, or those who have direct influence to the profit, including heads of material business lines, Head of Trading, as well as Head of risk control functions.

15

公司治理 (續)

Corporate Governance (continued)

薪酬及激勵機制 (續) Remuneration and Incentive Mechanism (continued)

2. 薪酬政策的決策過程 2. Determination of the Remuneration Policy 為體現上述原則，並確保本集團的薪酬政策

能促進有效的風險管理，本集團層面的薪酬

政策由人力資源處主責提出建議，視實際需

要徵詢風險管理、財務管理、及合規等風險

監控職能單位意見，以平衡員工激勵、穩健

薪酬管理及審慎風險管理的需要。薪酬政策

建議提呈提名及薪酬委員會審查後，報董事

會審定。提名及薪酬委員會及董事會視實際

需要徵詢董事會其他屬下委員會（如風險管

理委員會、稽核委員會等）的意見。

To fulfill the above-mentioned principles and to facilitate effective risk management within the framework of the Remuneration Policy of the Group, Human Resources Division is responsible for proposing the Remuneration Policy of the Group and will seek consultation from the risk control units including risk management, financial management and compliance if necessary, in order to balance the needs for staff motivations, sound remuneration and prudent risk management. The proposed Remuneration Policy will be submitted to the Nomination and Remuneration Committee for review and thereafter to the Board of Directors for approval. The Nomination and Remuneration Committee and the Board of Directors will seek opinions from other Board Committees (e.g. Risk Management Committee, Audit Committee, etc.) where they consider necessary under the circumstances.

3. 薪酬及激勵機制的主要特色 3. Key Features of the Remuneration and Incentive Mechanism

(1) 績效管理機制 為實踐「講求績效」的企業文化，本集團

的績效管理機制對集團層面、單位層面及

個人層面的績效管理作出規範。本集團年

度目標在平衡計分卡的框架下，向下層分

解，從財務、客戶、基礎建設╱重點工作、

人員、風險管理及合規等維度對高級管理

人員及不同單位（包括業務單位、風險監

控職能單位及其他單位）的績效表現作出

評核。對於各級員工，透過分層績效管理

模式，將本集團年度目標與各崗位的要求

連結，並以員工完成工作指標、對所屬單

位整體績效的影響、履行本職工作風險管

理責任及合規守紀等情況作為評定個人

表現的主要依據，既量度工作成果，亦注

重工作過程中所涉及風險的評估及管

理，確保本集團安全及正常運作，並輔以

價值觀的評核，促進核心價值觀的貫徹落

實。

(1) Performance Management Mechanism To reflect the “performance-driven” corporate culture, the Group has put in place a performance management mechanism to formalise the performance management at the levels of the Group, units and individuals. The annual targets of the Group will be cascaded down under the framework of balanced scorecard whereby the performance of the Senior Management and different units (including business units, risk control units and other units) would be assessed from the perspectives of financial, customer, building blocks/key tasks, human capital, risk management and compliance. For individual staff at different levels, annual targets of the Group will be tied to their job requirements through the performance management mechanism. Performance of individuals will be appraised on their achievement against targets, their contribution towards performance of their units and fulfilment of risk management duties and compliance. Not only is target accomplishment taken into account, but the risk exposure involved during the course of work could also be evaluated and managed, ensuring security and normal operation of the Group. Core values are also assessed to facilitate the attainment of them.

(2) 薪酬的風險調節 為落實績效及薪酬與風險掛鈎的原則，本

集團根據中銀香港《集團浮薪資源總額的

風險調節方法》，把銀行涉及的主要風險

調節因素結合到本集團的績效考核機制

中。中銀香港《集團浮薪資源總額的風險

調節方法》以信貸風險、市場風險、利率

風險、流動性風險、操作風險、法律風險、

合規風險和信譽風險作為衡量指標的框

架。本集團的浮薪總額則按經中銀香港董

事會審定的風險調節後的績效結果計

算，並由中銀香港董事會酌情決定，以確

保本集團浮薪總額是在充分考慮本集團

的風險概況及變化情況後決定，從而使薪

酬制度貫徹有效的風險管理。

(2) Risk Adjustment of Remuneration To put the principle of aligning performance and remuneration with risk into practice, based on “The Risk Adjustment Method for Group Bonus Funding Mechanics” of BOCHK, the key risk modifiers of the Bank have been incorporated into the performance management mechanism of the Group. Credit risk, market risk, interest rate risk, liquidity risk, operational risk, legal risk, compliance risk and reputation risk form the framework of “The Risk Adjustment method for Group Bonus Funding Mechanics” of BOCHK. The size of the Variable Remuneration Pool of the Group is calculated according to the risk adjusted performance results approved by the Board of BOCHK and is subject to its discretion. This method ensures the Group to fix the Group’s Variable Remuneration Pool after considering risk exposures and changes and to maintain effective risk management through the remuneration mechanism.

16

公司治理 (續)

Corporate Governance (continued)

薪酬及激勵機制 (續)

Remuneration and Incentive Mechanism (continued)

3. 薪酬及激勵機制的主要特色 (續) 3. Key Features of the Remuneration and Incentive Mechanism (continued)

(3) 以績效為本、與風險掛鈎的薪酬管理 (3) Performance-based and Risk-adjusted Remuneration Management

員工的薪酬由「固定薪酬」和「浮動薪酬」

兩部分組成。固薪和浮薪的比重在達致適

度平衡的前提下，因應員工職級、角色、

責任及職能而釐定。一般而言，員工職級

愈高及╱或責任愈大，浮薪佔總薪酬的比

例愈大，以體現本集團鼓勵員工履行審慎

的風險管理及落實長期財務的穩定性的

理念。

The remuneration of staff is composed of “fixed remuneration” and “variable remuneration”. The proportion of one to the other for individual staff members depends on job grades, roles, responsibilities and functions of the staff with the prerequisite that balance has to be struck between the fixed and variable portion. Generally speaking, the higher the job grades and/or the greater the responsibilities, the higher will be the proportion of variable remuneration so as to encourage the staff to follow the philosophy of prudent risk management and sound long-term financial stability.

每年本集團將結合薪酬策略、市場薪酬趨

勢、員工薪金水平等因素，並根據本集團

的支付能力及本集團、單位和員工三個層

次的績效表現，定期重檢員工的固薪。如

前所述，量度績效表現的因素，包括定量

和定性的，也包括財務及非財務指標。

Every year, the Group will conduct periodic review on the fixed remuneration of the staff with reference to various factors like remuneration strategy, market pay trend and staff salary level, and will determine the remuneration based on the affordability of the Group as well as the performance of the Group, units and individuals. As mentioned above, performance assessment criteria include quantitative and qualitative factors, as well as financial and non-financial indicators.

按中銀香港集團浮薪資源總額管理機制

的相關規定，中銀香港董事會主要根據本

集團的財務績效表現、與中銀香港集團長

期發展相關的非財務戰略性指標的完成

情況，結合風險因素等作充分考慮後，審

批集團浮薪資源總額。除按機制規定的有

關公式計算外，中銀香港董事會可根據實

際情況對本集團的浮薪資源總額作酌情

調整。在中銀香港集團業績表現較遜色時

（如未達至集團業績的門檻條件），原則

上不發當年浮薪，惟中銀香港董事會仍有

權視實際情況作酌情處理。

According to the Group Bonus Funding Mechanics of BOCHK, the size of the Variable Remuneration Pool of the Group is determined by the Board of BOCHK on the basis of the financial performance of the Group and the achievement of non-financial strategic business targets under the long-term development of the of BOCHK Group. Thorough consideration is also made to the risk factors in the determination process. The size of the Pool is reached based on pre-defined formulaic calculations but the Board of BOCHK can make discretionary adjustment to it if deemed appropriate under prevailing circumstances. When the BOCHK Group’s performance is relatively weak (e.g. failed to meet the threshold performance level), no variable remuneration will be paid out that year in principle, however, the Board of BOCHK reserves the rights to exercise its discretion.

在單位及員工層面方面，浮薪分配與單位

及個人績效緊密掛鈎，有關績效的量度須

包含風險調節因素。風險控制職能單位人

員的績效及薪酬評定基於其核心職能目

標的完成情況，獨立於所監控的業務範

圍；對於前線單位的風險控制人員，則透

過矩陣式的匯報及考核機制確保其績效

薪酬的合適性。在本集團可接受的風險水

平以內，單位的績效愈好及員工的工作表

現愈優秀，員工獲得的浮薪愈高。

As far as individual units and individual staff are concerned, allocation of the variable remuneration is closely linked to the performance of the units, and that of each individual staff as well as the unit he/she is attaching to, and the assessment of which should include risk modifiers. The performance and remuneration arrangement of risk control personnel are determined by the achievement of their core job responsibilities, independent from the business they oversee; for front-line risk controllers, a matrix reporting and performance management system is applied to ensure the suitability of performance-based remuneration. Within the acceptable risk level of the Group, the better the performance of the unit and the individual staff, the higher will be the variable remuneration for the individual staff.

17

公司治理 (續)

Corporate Governance (continued)

薪酬及激勵機制 (續)

Remuneration and Incentive Mechanism (continued)

3. 薪酬及激勵機制的主要特色 (續) 3. Key Features of the Remuneration and Incentive Mechanism (continued)

(4) 浮薪發放與風險期掛鈎，體現本集團的長

遠價值創造 (4) Linking the payout of the variable remuneration with the time

horizon of the risk to reflect the long-term value creation of the Group

為實現薪酬與風險期掛鈎的原則，使相關

風險及其影響可在實際發放薪酬之前有

足夠時間予以充分確定，員工的浮薪在達

到遞延發放的門檻條件下，按規定，以現

金形式作遞延發放。就遞延發放的安排，

本集團採取遞進的模式，員工工作涉及風

險期愈長、職等愈高或浮薪水平愈高的崗

位，遞延浮薪的比例愈大。遞延的年期為

3 年。

To work out the principle of aligning remuneration with the time horizon of risk and to ensure that sufficient time is allowed to ascertain the associated risk and its impact before the actual payout, payout of the variable remuneration of staff is required to be deferred in cash if such amount reaches certain prescribed threshold. The Group adopts a progressive approach towards deferral. The longer the time horizon of risk in the activities conducted by the staff, the higher the job grade or the higher amount of the variable remuneration, the higher will be the proportion of deferral. Deferral period lasts for 3 years.

遞延浮薪的歸屬與本集團長遠價值創造

相連結。遞延浮薪的歸屬條件與中銀香港

集團未來 3 年每年的績效掛鈎，每年在中銀香港集團績效（含財務及非財務）達到

門檻條件的情況下，員工按遞延浮薪的歸

屬比例歸屬當年的遞延浮薪。若本集團或

單位的績效表現估算需作重大修正、員工

被證實犯欺詐、瀆職或違反內控政策的情

況下，本集團便會索回員工並未歸屬的遞

延浮薪，不予發放。

The vesting of the deferred variable remuneration is linked with the long term value creation of the Group. The vesting conditions are linked to the yearly performance (financial and non-financial) of the BOCHK Group in the next 3 years to the effect that the variable remuneration could only be vested to such extent as set for the relevant year in that 3-year period subject to the condition that the BOCHK Group’s performance has met the threshold requirement in the corresponding year. In case of material revision of the original estimates of the performance of the Group or individual units, or if a staff is found to commit fraud, or found to be of malfeasance or in violation of internal control policies, the unvested portion of the deferred variable remuneration of the relevant staff will be clawed back.

18

獨立核數師報告 致集友銀行有限公司全體股東 （於香港註冊成立的有限公司）

Independent Auditors’ Report To the shareholders of Chiyu Banking Corporation Limited (incorporated in Hong Kong with limited liability)

本核數師（以下簡稱「我們」）審計了載於第

19頁至第182頁集友銀行有限公司（「貴銀行」）及其附屬公司（統稱「貴集團」）的綜

合財務報表，包括於2013年12月31日的綜合及公司資產負債表與截至該日止年度的綜合

收益表、綜合及公司全面收益表、綜合及公

司權益變動表和綜合現金流量表，以及主要

會計政策摘要和其他附註解釋資料。

We have audited the consolidated financial statements of Chiyu Banking Corporation Limited (the “Bank”) and its subsidiaries (together, the “Group”) set out on pages 19 to 182, which comprise the consolidated and company balance sheets as at 31 December 2013, and the consolidated income statement, the consolidated and company statements of comprehensive income, the consolidated and company statements of changes in equity and the consolidated cash flow statement for the year then ended, and a summary of significant accounting policies and other explanatory information.

董事對綜合財務報表的責任 貴銀行董事須負責根據香港會計師公會頒佈

的《香港財務報告準則》及香港《公司條例》

編製真實而公平列報的綜合財務報表，以及

對董事認為必要的內部控制負責，以使其編

製的綜合財務報表不存在由於舞弊或錯誤而

導致的重大錯報。

Directors’ responsibility for the consolidated financial statements The directors of the Bank are responsible for the preparation of consolidated financial statements that give a true and fair view in accordance with Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants and 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.

核數師的責任 我們的責任是根據我們的審計對上述綜合財

務報表發表意見。我們按照香港《公司條例》

第141條，僅向全體股東（作為一個整體）報告，除此之外本報告別無其他目的。我們

不會就本報告的內容向任何其他人士負上或

承擔任何責任。

Auditors’ responsibility Our responsibility is to express an opinion on these consolidated financial statements based on our audit. Our report is made solely to you, as a body, in accordance with section 141 of the Hong Kong Companies Ordinance, and for no other purpose. We do not assume responsibility towards or accept liability to any other person for the contents of this report.

我們已根據香港會計師公會頒佈的《香港審

計準則》執行了審計工作。該準則要求我們

遵守職業道德守則，計劃和執行審計工作以

對上述綜合財務報表是否不存在重大錯報獲

取合理保證。

We conducted our audit in accordance with Hong Kong Standards on Auditing issued by the Hong Kong Institute of Certified Public Accountants. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement.

審計工作涉及實施審計程序，以獲取有關綜

合財務報表金額和披露的審計證據。選擇的

審計程序取決於核數師的判斷，包括對由於

舞弊或錯誤導致的綜合財務報表重大錯報風

險的評估。在進行風險評估時，核數師考慮

與編製真實而公平列報的綜合財務報表相關

的內部控制，以設計恰當的審計程序，但目

的並非對內部控制的有效性發表意見。審計

工作還包括評價董事選用會計政策的恰當性

和作出會計估計的合理性，以及評價綜合財

務報表的總體列報。

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The procedures selected depend on the auditors’ judgement, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditors consider internal control relevant to the entity’s preparation of consolidated financial statements that give a true and fair view 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 entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the directors, as well as evaluating the overall presentation of the consolidated financial statements.

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。

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

意見