(Economic Observation) Xie Yonglin, general manager of Ping An, a dialogue entrepreneur: Shenzhen is a hot spot, we have no reason to stagnate
China News Service, Beijing, September 1st, title: Dialogue with entrepreneurs and general manager of Ping An Xie Yonglin: Shenzhen is a hot spot, we have no reason to stagnate
China News Agency reporter Wang Enbo
In the 40 years since it became a special economic zone, Shenzhen has grown from a border town in China to an international metropolis, and it has also nurtured many world-renowned companies. Ping An of China is one of them.
Xie Yonglin, general manager and co-CEO of Ping An of China, recently told a reporter from China News Agency about the mutual achievements of this financial giant and Shenzhen.
Recalling his impression when he arrived in Shenzhen in early 1996, he blurted out the four words "in full swing", "When I came out of the airport, I saw new buildings everywhere. Everyone was talking about how to do this business and whether that matter was done. Well, people are doing business without distraction."
It is in the atmosphere of "time is money and efficiency is life" that Shenzhen has contributed many "firsts" to China's economy, including Ping An of China.
In May 1988, Ping An Insurance Company opened in Shekou District, Shenzhen, becoming China's first joint-stock insurance company.
Subsequently, Ping An also created the first insurance policy for China's personal life insurance business, becoming China's first financial company to introduce foreign capital.
Growing up with the special economic zone, Ping An has also developed from a "small sampan" to today's "big Mac".
In the 2020 Fortune Global 500 list, Ping An of China rose to 21st, ranking second in the global financial industry.
Talking about the reasons for the rapid development of enterprises in Shenzhen, Xie Yonglin believes that although there are many first-mover advantages such as geographical location, it is still in the atmosphere of reform and opening up and the spirit of daring to break the situation.
For example, he has deep feelings about Shenzhen’s service-oriented government. “When we need to ask the city government for anything, the mayor and deputy mayor’s regular meetings will personally intervene. All departments and bureaus also uphold the spirit of service, which contributes to the growth of the company. Provides a different soil".
"Dare to try, dare to be the first" is regarded by Xie Yonglin as one of the most outstanding characteristics of Shenzhen.
As a company bred in Shenzhen, Ping An also carries innovative genes in its blood.
From the initial insurance to banking, asset management, and technology, the company's business scope has been expanding for more than 30 years. Now it is vigorously promoting the "finance + technology" and "finance + ecology" strategy.
The survival of small and micro enterprises under the epidemic has attracted much attention, and Ping An has introduced innovative technologies to solve problems.
Xie Yonglin said that serving small and micro enterprises is the bounden duty of financial institutions, but the business is highly professional and must be low-cost, inclusive and accessible.
He introduced that Ping An has built a risk control model for small and micro enterprises on its platform. The more data and the more frequent transactions, the more accurate the risk control model and the higher the availability of corporate loans.
As of the end of June this year, the balance of loans to inclusive small and micro enterprises of Ping An Bank increased by 7.73% compared with the end of the previous year. The weighted average interest rate of new loans issued by such small and micro enterprises in the first half of the year fell by 0.80 percentage points compared with the whole of the previous year, and the NPL ratio was kept at a reasonable level. range.
Right now, technology has become the new sign of this old financial giant.
In the first half of this year, the total revenue of Ping An's technology business was RMB 42.732 billion, a year-on-year increase of 11.2%.
As of June 30, the total valuation of its technology companies reached 70 billion US dollars.
In 2019, a heavy news came: the central government supported Shenzhen to build a pilot demonstration zone for socialism with Chinese characteristics.
This means that Shenzhen is embarking on a new journey to assume a higher national mission.
For the future of Shenzhen, Xie Yonglin described it with the words "great potential".
He believes that as China enters a new pattern of full opening up, Shenzhen still has its unique appeal.
First of all, Shenzhen has a group of world-renowned large companies and has gathered a group of related technology and innovative industries; secondly, Shenzhen is located at the core of the Guangdong-Hong Kong-Macao Greater Bay Area. Shenzhen-Hong Kong cooperation is an important development that can be expected in the future. Support; Third, Shenzhen still has the enthusiasm to venture and test from the government to the enterprise.
Xie Yonglin is particularly optimistic about the opportunities brought by the Guangdong-Hong Kong-Macao Greater Bay Area strategy to the region.
He said that in the future, there will be many new things in the Greater Bay Area in terms of new infrastructure, new industries, upgrading of traditional industries, financial service networks, and domestic and overseas connections.
Ping An of China will embrace this change and use the advantages of its integrated financial group to actively contribute. It is believed that the company will also benefit from the development of the Greater Bay Area.
Talking about the future of Shenzhen and China's Ping An, Xie Yonglin said that Shenzhen has realized the "three-zone integration" of the special economic zone, the Guangdong-Hong Kong-Macao Greater Bay Area, and the pilot demonstration zone of socialism with Chinese characteristics. "We have no reason to stagnate in this hot land of reform and opening up. , Will go well step by step."
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