China Ping An’s new company training

The new company motto of Ping An is:

Integrity and law-abiding, simple and pragmatic;

Unite and enterprising, and face difficulties;

Pursue excellence , leading in service;

Create value and give back to society.

Extended information:

Introduction to Ping An Bank of China

1. About Ping An Bank

Ping An Bank is a bank headquartered in Shenzhen National joint-stock commercial bank (SZ000001). Its predecessor, Shenzhen Development Bank, was the first publicly listed national joint-stock bank in mainland China. Ping An of China and its holding subsidiaries are the controlling shareholders of the Bank. As of June 2021, the Group had 37,384 employees and provided customers with a variety of financial services through 101 branches and 1,110 business institutions.

2. Development strategy

The Bank takes the strategic goal of building “China’s most outstanding and world-leading intelligent retail bank” and adheres to the principles of “technology leadership, retail breakthroughs, and corporate governance”. We will continue to deepen strategic transformation under the twelve-character strategic policy of "fine", and strive to create three business cards of "digital bank, ecological bank, and platform bank" to provide customers with warm financial services.

3. Performance Overview

The Bank insists on continuously deepening digital operations and maintains steady growth in all businesses. In the first half of 2021, operating income was 84.68 billion yuan, a year-on-year increase of 8.1%. Since the transformation, the compound growth rate of revenue in recent years has been 13.2, the highest growth rate among benchmark banks. Corporate and retail revenue basically achieved "46" points; net profit was 17.583 billion yuan, a year-on-year increase of 28.5%. At the same time, asset quality continues to be optimized. At the end of June 2021, the bank's non-performing loan ratio was 1.08, down 0.1 percentage point from the end of the previous year; the proportions of special-mention loans, loans overdue for more than 60 days, and loans overdue for more than 90 days were 0.96, 0.91, and 0.79 respectively. , down 0.15, 0.17 and 0.09 percentage points respectively from the end of the previous year. The provision coverage ratio, the provision coverage ratio of loans overdue for more than 60 days and the provision coverage ratio of loans overdue for more than 90 days were 259.53, 306.11 and 355.67 respectively. Compared with the initial stage of transformation, the Bank's non-performing ratio, provision coverage ratio and other indicators have been optimized to the best levels in history.

4. Retail business: comprehensively create a “five-in-one” service model

The Bank’s retail business continues to implement the “3 2 1” business strategy, that is, to promote “basic retail, private banking The three major business modules of "wealth and consumer finance" have been upgraded, focusing on the improvement of the two core capabilities of "risk control and cost control", and striving to promote the construction and operation of "one major ecosystem" with AI Bank as the core and open banking as the extension. It also upgraded the "five-in-one" new model that connects and organically integrates "comprehensive banking, AI banking, remote banking, offline banking and open banking" to inject new momentum into the second take-off of the retail business.

In the first half of 2021, the bank's retail businesses achieved good growth, with retail operating income of 49.213 billion yuan, a year-on-year increase of 10.9, accounting for 58.1% of the bank's operating income; retail net profit was 11.722 billion yuan , a year-on-year increase of 46.3%, accounting for 66.7% of the bank's net profit; the proportion of retail loans was the highest among benchmark banks, at 61%.

5. Corporate business: play five cards in an all-round way

The bank’s corporate business adheres to the development path of “industryization, specialization, and distinctiveness” and continues to practice the “3 2 1" business strategy, that is, focusing on the three business pillars of "industrial banking, transaction banking, and comprehensive finance"; focusing on the two core customer groups of "strategic customer groups and small and micro customer groups"; strictly adhering to the "one lifeline" of asset quality . At the same time, we strive to create five cards: “supply chain finance, bill integration, customer operation platform, complex investment and financing, and ecological comprehensive development”.

In the first half of 2021, the Bank’s corporate business operating income was 22.448 billion yuan, a year-on-year increase of 9.8.

Corporate deposits have both excellent price and volume. On the premise of reducing active liabilities of nearly 100 billion, corporate deposits bucked the trend and grew by 144.1 billion, with average daily deposits growing by more than 100 billion. The deposit structure was significantly optimized, and the average daily demand account of corporate accounts accounted for The average daily corporate deposit ratio increased by 3.3 percentage points from the beginning of the year to 34.2, and the cost rate was optimized by 20bp to 1.97; the customer base improved significantly, with the number of customers increasing by nearly 50,000 from the beginning of the year, an increase of 3.5 times that of the same period last year.

6. Interbank treasury business: create five golden business cards

The bank’s interbank treasury business adheres to the concept of “serving the financial market, serving interbank customers, and serving the real economy” and focuses on “3 The 2 1" business strategy is to focus on the three major business directions of "new transactions, new peers and new asset management", enhance the two core capabilities of "sales capabilities and transaction capabilities", and create "1 smart capital system platform". At the same time, it has been upgraded to create five golden business cards: "the industry's top financial transaction expert, the industry's first-class hedging service expert, the leading service provider in the institutional sales of financial products, the leading digital ecological custodian bank and the most comprehensive open financial management platform".

In the first half of 2021, the market share of the transaction volume of the Bank’s main market-making trading products remained at the forefront of the market. The market shares of gold trading volume and bond trading volume were 9.2 and 2.1 respectively, as announced by the Foreign Exchange Trading Center. In the derivatives market-making rankings in the second quarter of 2021, it continued to maintain its market leading position; the "Ping An Hedging" business continued to upgrade. In the first half of 2021, the transaction volume of the "Ping An Hedging" foreign exchange and interest rate derivatives business was US$14.791 billion, a year-on-year increase 77.5; A breakthrough has been made in the construction of digital ecological custody banks, and the market reputation of "custody is safe" has gradually been established. At the end of June 2021, the Bank's net value under custody was 6.9 trillion yuan, an increase of 18.8% from the end of the previous year, ranking first among domestic joint-stock commercial banks; the Bank's wholly-owned subsidiary Ping An Financial Management has grown rapidly. , Ping An Financial Management’s total assets were 6.369 billion yuan, and net assets were 5.989 billion yuan; the balance of non-principal guaranteed financial products was 756.1 billion yuan, an increase of 16.6% from the end of the previous year, and the growth rate ranked among the top in the market.

7. Fulfilling corporate social responsibility

In terms of serving the real economy, the Bank conscientiously implemented the requirements of the four ministries and commissions this year, actively responded to the two initiatives of “reducing fees and benefiting from profits”, and helped small businesses The burden on market entities such as micro-enterprises and individual industrial and commercial households will be reduced, and the high-quality development of private enterprises, small, medium and micro enterprises will be supported. At the end of June 2021, the Bank's private enterprise loan balance increased by 12.8% compared with the end of the previous year, accounting for 72% of the corporate loan balance; in the first half of the year, the Bank's loan disbursement to small and micro enterprises was 180.684 billion yuan, a year-on-year increase of 58.6%, with newly issued loans The weighted average interest rate fell by 52 basis points from the previous year.

In terms of supporting rural revitalization, the Bank explores and innovates the "421" model of rural revitalization services, that is, through the four major empowerments of "financing, intelligence integration, brand and technology", it promotes "comprehensive finance and three The combination of "agricultural scene" and "agricultural scene" is committed to creating an industrial revitalization construction platform that "integrates government, leading agricultural enterprises, banks, insurance, and agricultural research institutes". In the first half of 2021, the Bank invested 5.147 billion yuan in industrial poverty alleviation and rural revitalization funds, benefiting 69,000 rural households; since the launch of financial poverty alleviation and rural revitalization projects, the cumulative amount invested has reached 30.456 billion yuan.

In terms of practicing green finance, the Bank adheres to the business orientation of using green finance to promote the development of the real economy, and strongly supports the development of green industries such as clean energy, energy conservation and environmental protection, clean production, ecological environment, and green upgrading of infrastructure. development and building a green financial brand. At the end of June 2021, the balance of green finance business of the Bank and Ping An Wealth Management was 60.218 billion yuan, an increase of 58.7% from the end of the previous year; the balance of green credit of the Bank was 36.859 billion yuan, an increase of 62.5% from the end of the previous year.

8. Corporate Honor

In recent years, the Bank’s business development and operating characteristics have been well received by authoritative institutions.

After winning the "Best Digital Bank in the World" award by Euromoney in 2020, this year it has won the "Best Family Office in China" by Euromoney, "Best Technology Innovation Transaction Bank in China in 2021" by Asia Money "Best Mobile Services Transaction Bank" and more than ten awards. In addition, the “Sky Counter” independently developed by the Bank continues to migrate traditional counter services to online channels, and won the 2021 German iF Design Award; the Bank’s green financial service case also won the “Carbon Neutral Pioneer” issued by the Financial Association award".

In the future, Ping An Bank will continue to actively respond to national strategies, continuously enhance its ability to serve the real economy, continue to strengthen risk management and prevention, comprehensively promote the construction of the AI ??Bank system, and strive to become "China's most outstanding and world-leading intelligent bank". The Bank continues to move forward towards the goal of becoming a “digital retail bank”.