PING AN TRUST CO., LTD.

Ping An Trust Co., Ltd

Ping An Trust Co., Ltd., established in 1996, is a holding subsidiary of Ping An insurance (Group) Co., Ltd. In February 2002, Ping An Trust was re registered with the approval of the people's Bank of China. On May 24, 2010, Ping An Trust completed the industrial and commercial registration of the company name change, and the company name was changed from "Ping An Trust Investment Co., Ltd." to "Ping An Trust Co., Ltd."..

Ping An Trust is the holding subsidiary of Ping An insurance (Group) Co., Ltd. and an important part of Ping An's overall listing on the stock exchange of Hong Kong (2318. HK) and Shanghai Stock Exchange (601318). The registered capital of Ping An Trust has been increased six times to 13 billion yuan.

development strategy

Ping An Trust has excellent asset quality, steady business development and various performance indicators in the forefront of the industry. It has a sound corporate governance structure, a sound risk management and control system, a strong information support system, a diversified product platform and fund-raising channels, and an excellent professional investment management team.

Since 2019, Ping An Trust has closely followed the national development strategy, taking "returning to the origin of trust" and "supporting the real economy" as the transformation guidelines, aiming at building the first brand of China's trust industry, focusing on the four core businesses of "special asset investment, infrastructure investment, financial services and private equity investment". On the one hand, it supports the real economy through industrial investment, service trust and other ways, fulfills the fiduciary responsibility, and cultivates new economic engines and new kinetic energy; on the other hand, it takes the cultivation of trust culture including fiduciary culture, compliance culture and leading culture as the driving force of the company's transformation and development, and emphasizes on relying on specialty and innovation to achieve steady development. At the same time, it uses intelligent technology to enable channel marketing, constructs the trust fund asset ecosystem, creates the industry intelligent technology application model, strengthens the intensive risk control, promotes the intelligent risk control system upgrade iteration, and promotes the company's overall risk control ability.

According to the unaudited financial statements in 2020, Ping An Trust achieved an operating income of 5.461 billion yuan in 2020, a year-on-year increase of 16.72%; net profit of 3.085 billion yuan, a year-on-year increase of 16.33%; handling fee and commission income of 4.335 billion yuan, a year-on-year increase of 16.50%. It is worth mentioning that in this context, Ping An trust not only reversed the downward trend of business performance for three consecutive years, but also handed over the "zero new" report card of risk assets in the field of risk control. In 2020, Ping An Trust will accelerate the pace of active transformation, upgrade and build a leading diversified investment platform characterized by special opportunities, and successfully build a new growth mode from non-standard to standard, from financing to investment, and from scale priority to quality priority. Zero increase of risk assets and new breakthrough of characteristic operation are the core supporting forces of Ping An Trust's business performance rising against the trend in 2020.

Top management team

Yao Guiping

He is now party secretary and chairman of Ping An Trust. He has nearly 40 years of working experience in the banking industry. He joined Ping'an from ICBC in 2007. He was the president of Shenzhen Branch of Ping'an bank, the business director of the head office, the executive deputy director, assistant president, executive director and vice president of retail business development management committee. It is understood that Yao Guiping is an expert in the disposal of special assets and has rich experience in corporate business, risk management and asset business. Mr. Yao Guiping, born in 1961, is a senior economist with a bachelor's degree in economics and management of Hubei Institute of education

Song Jianli

He is now the vice chairman and general manager of Ping An Xin. Since joining Ping An Group in 1992, he has successively served as deputy general manager of Shanghai Branch of China Ping An Property Insurance Co., Ltd. and deputy general manager of China Ping An Property Insurance Co., Ltd. Mr. Song Jianli is a senior economist with a master's degree from Qingdao Ocean University.

Dai Wei

He is now deputy general manager and Secretary of the board of directors of Ping An Trust. He has more than 30 years of working experience in the financial industry. He has successively worked in industrial and Commercial Bank of China and Ping An Bank. He has rich experience and outstanding professional ability in investment business, asset management and risk management and control. He has obtained a master's degree in economics from Macquarie University.

Li Yuhang

He is now the deputy general manager of Ping An Trust. In 1996, he joined Ping An of China and successively worked in property insurance, group management office, new channel and asset management company. He joined Ping An Trust in 2009 and successively served as deputy general manager and general manager of investment management department, general manager of basic industry investment department, general manager of basic industry investment business department and general manager assistant of Ping An Trust. Mr. Li Yuhang holds a bachelor's degree in internal combustion engine engineering from Tsinghua University and an MBA from Fudan University.

Zhang Zhongchao

At present, he is assistant to the general manager of Ping An Trust. With 17 years of financial related work experience, he has successively worked in Shenzhen banking regulatory bureau and Ping An Bank. He has solid professional quality and theoretical foundation. He has rich practical experience and strong financial innovation ability in interbank business and complex investment and financing business. He has obtained a master's degree in finance from Renmin University of China.

scope of business

Special asset investment

Ping An trust builds three core capabilities of investment bank, investment and investment management through five modes of binding contracting, one-stop undertaking, assembly line operation, Ping an empowerment and ecosystem construction, and promotes the upgrading of the mode of special capital business from special capital to special capital +, from creditor's rights to equity, and from single investment and financing to investment bank + investment + investment management. In 2020, the total investment scale will exceed 20 billion yuan, which will comprehensively help the non-performing assets to be deconstructed, crack the "barrier lake" in the market, and provide strong support for the national financial risk resolution.

equity investment

As an important way of direct financing, equity investment is not only an important direction of trust transformation, but also an important force to cultivate new economic momentum. With years of accumulated professional investment capacity, Ping An Trust has increased equity investment and played an important role in investment and loan linkage, which not only supports the major national strategy and serves the real economy, but also brings considerable returns to investors. It is understood that in 2020, Ping An Trust will successfully withdraw from projects such as Shanghai Xiangsheng and Shanghai Hongqiao Xiexin in the field of real estate equity investment; private equity investment will successfully withdraw from projects such as yaomingkang and Wanguo data phase II, with an average IRR of 27%. In the whole year, the investment income allocated to customers was 5.6 billion yuan, a synchronous growth of 75%.

Characteristic business

Since the second half of 2019, Ping'an trust has launched the innovation and characteristic mechanism, focusing on the professional segmentation, focusing on five aspects of product, service, process, risk control and price to create differentiated advantages of characteristic business. It has successively implemented 17 characteristic teams, including "insurance annuity fund-raising team", "high-speed highway equity investment team" and "bond outsourcing team", with a revenue of 22% in 2020 57 billion, a year-on-year increase of 98%, 64 innovative projects were completed, a year-on-year increase of 130%, winning broad market opportunities for the company's strategic transformation and differentiated development. In order to promote the transformation of standardization and net worth, Ping'an trust also took the lead in establishing the first standardized product center in the trust industry, launching key products such as fixed income, securities investment, family trust and asset securitization. Through product integration, customer integration, system integration and customer manager integration, Ping'an trust seized the market opportunity and supplied more than 80 billion standardized products to the market throughout the year.

management idea

Ping An will adhere to the business philosophy of "serving the country, serving the entity and serving the people's livelihood" under the guidance of "Finance + technology" strategy.

Enterprise honor

Shanghai Securities Journal "trusttrust" selection: won "trusttrust outstanding company award" and "trusttrust best family trust product award"

"Golden Bay Award" of 21st century business report: won "2020 best trust company award"

Securities Times "2020 China excellent trust company" selection: won "2020 China excellent trust company award", "2020 excellent trust culture construction company award", "Guangzhou Metro Group Co., Ltd. 2019 first phase green asset support notes" won "2020 excellent asset securitization trust plan" award

"Jinnuo Award" selection of Bank of China Insurance Daily: "strategic transformation and upgrading integrated communication case" won "innovative brand communication case Award"

"Jinniu financial products" selected by China Securities Journal: won the "2019 Jinniu collective trust company award"

China Fund Industry Association and jinsinan Research Institute "jinsinan" award selection: won the "best trust company award"

Daily economic news 2020 "Golden Tripod Award" selection: won the "trust company of the year award"

2019-2020 Shenzhen banking excellent social responsibility case selection: won the "excellent case award of corporate social responsibility in fighting against epidemic" and "excellent case award of corporate social responsibility in green finance"

China Business News 2020 excellent competitiveness evaluation: won the "excellent competitiveness trust company award"

Financial world 2020 pilot China selection: won the "outstanding social responsibility Award", "reduce food waste" charitable trust won the "outstanding charitable trust product award"

"2020 China Digital financial competitiveness excellence list" of contemporary financiers won "2020 digital transformation Excellence Award of financial institutions"

Financial Times 2020 gold medal list "Golden Dragon Award" selection: won the "best brand building trust company of the year"

Investor's 2020 "Golden Bridge Award" selection: won the "annual most valuable investment trust company award"

Time weekly's fifth financial "golden orange Award" in 2020: won the "best risk control financial institution Award"

Wealth management 2