Ping An Bank Financing Subsidiary Company Conception: Will be on the same level as the parent bank

category:Finance
 Ping An Bank Financing Subsidiary Company Conception: Will be on the same level as the parent bank


Five subsidiaries of state-owned banks have just opened. They seem to have some convergence in business, but there will be differences in the future. Wang Wei said that with the advantages of fixed income and alternative assets bank management, after the establishment of Ping An Finance Management Subsidiary, it will be deeply cultivated in the five public sectors that the bank focuses on.

Enjoy the equal treatment of Ping An Bank

Ping An Bank attaches great importance to the establishment of financial subsidiary companies. At the level of Ping An Group, financial subsidiary companies will be a first-class subsidiary company. Wang Wei told Ping An Banks performance Conference on August 8 that its financial subsidiary will enjoy equal treatment with Ping An Bank and is currently recruiting professionals from various fields such as public funds and management.

In an interview with First Finance and Economics, Wang Wei also said that Ping An Finance Company has absorbed a lot of outstanding talents in Securities and funds from Ping An Group in terms of personnel composition; at the same time, it is also engaged in external recruitment, rather than transferring personnel from the former asset management department to the financial subsidiary company.

At present, from the point of view of the establishment and operation of financial subsidiaries, there is more or less a relationship with the parent business. On August 8, Agricultural Bank officially set up its financial subsidiary company. The chairman of the board was Ma Shuguang, general manager of the banks asset management department. Ma Shuguang said at the founding ceremony that after the founding of the Agricultural Bank of China, the former asset management department temporarily retained, coordinating the relationship between the head office and financial subsidiaries on behalf of the parent bank. China Merchants Bank has adopted a similar model. Liu Hui, assistant president of the bank, said earlier that the financial subsidiary company and the management department coexisted for a short time. After the stock business was disposed of, the management department cancelled. During the parallel period, the Ministry of Management will assist in deepening the synergy between other departments, branches and financial subsidiaries of the Recruitment Bank, promoting business linkage and improving the governance of financial subsidiaries.

The ability to invest in research is the core competence of asset management. Talents are the most critical. The ability to invest in research should be brought out by experienced people. When the personnel are in place, the next step is to set up the platform. Wang Wei said that in order to consolidate the advantages of consolidation business, financial subsidiaries will specially introduce professionals from outside.

In terms of business structure, Wang Wei said that although generally similar to other banks, considering performance factors and key advantages of business, the structure of its financial subsidiaries will adopt the way of business department and business group.

Focus on alternative and non-standard financing

How to form their own differentiated characteristics and get rid of homogeneous competition is a realistic problem for financial subsidiaries of banks.

Five major state-owned banks have just opened their financial subsidiaries, so it seems that there is a convergence, but in the end it will certainly be different. Wang Wei said that for Ping An Bank, financial subsidiaries will not do anything, let alone do business without advantages.

Wang Wei said that compared with public funds and other institutions, the main advantages of bank capital management lie in fixed income and alternative assets, especially in non-standard areas with many years of mature experience. The key to non-standard investment is the ability to understand the industry. Therefore, the investment and research advantages of bank financial subsidiaries lie in the experience and understanding of the industry. Ping An Bank has been focusing on five major public sectors, which can provide financial subsidiaries with abundant high-quality non-standard assets, and will be rooted in these areas in the future.

Wang Wei said that in the area of investment and research capacity-building, Ping An Bank Finance subsidiary will set up research centers for each industry, such as in the real estate and infrastructure areas, will introduce industry experts, build industry professional capacity, screen and control assets, products, risks and so on. Compared with public funds, equity investment is an urgent shortcoming for financial subsidiaries of the banking department because of the relative lack of talent system and research ability. Wang Wei said that based on competitive advantage, equity investment has not been included in the key business for the time being, but will establish cooperative relations with institutions that have done better in this regard and purchase products from them. Moreover, the professional talents transported by Ping An Group can make up for the insufficiency of equity investment ability of financial subsidiaries. According to Wang Wei, although the supervision has not yet formally approved the establishment of its financial subsidiary, Ping An Banks new product development is still accelerating. At present, the scale of new products has reached 170 billion yuan, an increase of more than 50%. Source: First Financial Responsibility Editor: Li Zhaoyuan_B7890

Wang Wei said that in the area of investment and research capacity-building, Ping An Bank Finance subsidiary will set up research centers for each industry, such as in the real estate and infrastructure areas, will introduce industry experts, build industry professional capacity, screen and control assets, products, risks and so on.

Compared with public funds, equity investment is an urgent shortcoming for financial subsidiaries of the banking department because of the relative lack of talent system and research ability. Wang Wei said that based on competitive advantage, equity investment has not been included in the key business for the time being, but will establish cooperative relations with institutions that have done better in this regard and purchase products from them. Moreover, the professional talents transported by Ping An Group can make up for the insufficiency of equity investment ability of financial subsidiaries.

According to Wang Wei, although the supervision has not yet formally approved the establishment of its financial subsidiary, Ping An Banks new product development is still accelerating. At present, the scale of new products has reached 170 billion yuan, an increase of more than 50%.