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Introduction
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Shenzhen Ping An Bank Limited
(“SZPAB”) is a
joint-stock commercial bank headquartered in Shenzhen,operating in
Shenzhen, Shanghai and Fuzhou. As a subsidiary of Ping An Insurance
(Group) Company of China, Ltd. (“Ping An”, HKEx 2318, SSE 601318), the
bank is one of the three business pillars of Ping An Group, namely
insurance, banking and asset management.
SZPAB was
formally known as Shenzhen City Commercial Bank, the first city commercial
bank in the PRC, established on June 22, 1995. In December 2006, upon the
approval of China Banking Regulatory Commission (CBRC), Ping An Group
became the largest shareholder of Shenzhen Commercial Bank with an 89.36%
shareholding. On June 16, 2007 Shenzhen Commercial Bank was approved by
CBRC to acquire Ping An Bank and to rename itself as Shenzhen Ping An Bank
Company Limited. The former Ping An Bank’s head-office in Shanghai, its
branch in Fuzhou and its sub-branch in Zhangjiang, Shanghai were
respectively converted into Shanghai Branch, Fuzhou Branch and Zhangjiang
Sub-branch of SZPAB. After merger, SZPAB had registered capital of
RMB5.502 billion and total assets of approximately RMB100 billion.
With support
from the integrated financial services platform of Ping An Group, SZPAB
speeds up developing a platform for its core banking operations and
actively promotes its retail banking, credit card business, corporate
banking business and financing services for small and medium-sized
enterprises. Embracing the core value of “professionalism, value and
innovation” long cherished by Ping An Group, SZPAB takes advantage of its
local expertise in offering customers innovative and first class services
of international standards.
In the retail banking area, SZPAB was the first of its kind to
launch debit cards which incorporated IC chips and magnetic stripes. It
also launched dual-currency international debit cards to the Mainland
China market. In August 2007, it rolled out multi-functional “Jixiang
Debit Card”, which incorporates a series of financial services, ranging
from deposit and withdrawal, point-of-sale spending, payroll payment for
employers, auto-transfer and on-line payment to personal wealth
management. In addition, SZPAB offers a variety of products with unique
features such as “Gaosutong”, “Kuaijietong” and “Gangyuntong”. Following
the launch of Anchor wealth management products, SZPAB opened Anchor
Wealth Management Center to cater to VIP customers by offering them a full
range of wealth management services.
Credit card business is a major business for SZPAB. SZPAB and
Ping An Group jointly launched the Wanlitong Credit Card on May 21, 2007.
SZPAB also launched the “Ping An” credit card in August 2007. The “Ping
An” credit card provides insurance coverage to card holders with no extra
cost. The “Ping An” credit card enables its card holders to enjoy extra
security protection when they are shopping at home and abroad.
In aspect of corporate business, SZPAB aims at delivering
quality, innovative and efficient products and services to the SME
customers through its professional teams. Having gone through market
researches, the bank develops flexible lending policies that meet the
market needs. It also continues to streamline the approval procedures to
improve SME lending efficiency. In addition, the Bank provides its SME
customers with an extensive service platform in helping them solving
financial problems and improving efficiency of their capital utilization
through integration of service platforms of outlets, Internet banking and
phone banking,etc.. Furthermore, SZPAB leverages its relationship with
Ping An Group in providing a package of integrated financial services so
as to maximize the value for customers.
In the international business development, as a first city
commercial bank with foreign exchange business license, the international
settlement volume has kept on increasing by two digits for ten years,
ranking No. 2 in all the city commercial banks in China. Bills processing
business, especially our key product - export bills negotiation, are
ranking No. 3 in Shenzhen market for many years consecutively with a
market share of above 10%. We have developed a series of new products such
as forfeiting, risk participant, issuance of L/Cs against export
documents, issuance of L/Cs against export L/Cs, re-issuance of L/Cs for
other city commercial banks, etc. We have more than 600 correspondent
banks all over the world and gained the sufficient credit facilities from
many famous international banks.
SZPAB, which is aiming to provide professional, valuable and
innovative services to its customers, spares no efforts in enhancing its
infrastructure. It was the first bank in Shenzhen to have developed the
AS/400, an integrated computerized banking system for centralized
management and mass processing of customers’ information and related
credit and banking businesses. It is the first of its kind in Shenzhen to
fully computerize its credit business. Its official website
www.18ebank.com provides the most advanced e-banking services in China.
The bank also pioneers the dynamic phone banking authentication, dynamic
token authentication and the credit control system in the banking industry
in China. Together with Shenzhen University, the bank launched the
“Shenzhen University Card” which once again is the first in China to join
hands with an academic organization to issue a card which contains not
only credit details but also the personal details of the card holders. The
card can be used for entrance registration and other administration
purposes, thus helping to enhance the standard of the university
management.
Being one of
the three core businesses of the Ping An Group, SZPAB is able to leverage
the group’s integrated financial services platform, renowned brand name,
effective measures in corporate governance and risk management, large
customer base and nationwide service framework to further develop its
businesses.
SZPAB aims to
become a first-class domestic bank with leading performance in retail
banking, credit card and SME, etc. as well as advanced international
standard management. |
