China News Agency, Beijing, March 26: Xie Yonglin, General Manager of Ping An of China: After the transformation, Chinese financial institutions are more competitive
China News Agency reporter Wang Enbo
China is accelerating the construction of a strong financial country and regards “powerful financial institutions” as one of the core elements.Ping An of China is one of the three major comprehensive finance groups in China. Xie Yonglin, general manager and co -CCP CEO of the group, recently accepted an interview with China News Agency that the development concept and model of Chinese financial institutions are transitioning, and it will be more competitive in the future.
Ping An of China was listed on A shares and Hong Kong stocks at the same time. The latest disclosed performance report showed that in 2023, the group’s operating profit attributable to the mother was 117.989 billion yuan (RMB, the same below).Business value increased by 36.2%year -on -year.
Xie Yonglin admits that in the short term, the development of financial institutions is facing challenges, such as the problem of negative loss in the insurance industry, the narrowing of the bank industry’s interest margin.But in the long run, with the deepening of the high -quality development process of the financial industry, the competitiveness of the entire industry will continue to increase.China has the advantages of oversized large -scale markets, strong production capacity, and complete industrial chain, and sufficient energy in economic development. This is the largest fundamental fundamental face of high -quality development of financial institutions.
”We have confidence and patience to the Chinese economy.” In Xie Yonglin’s view, it is necessary to reform and break the situation of economic regulation, quality, and increasing benefits. This is a long -time and gradual process.
The financial industry also needs to accelerate growth and adapt to the switching of China’s development model.Xie Yonglin said that in the process of accelerating the construction of a strong financial country, financial institutions will change from scale to quality growth; from focusing on economic benefits to emphasizing social benefits; from extensive development to refined and more controllable risks.”There will be pain in changes, but once it enters a new stage of development, the international competitiveness of Chinese financial institutions will be greatly enhanced.”
Talking about the development path of Ping An in China, Xie Yonglin said that Ping An’s compound growth rate of more than 20%in the past two decades has exceeded 20%. In the future, he hopes to rely on the strategic model of “comprehensive finance+medical care” to grasp China’s financial insurance, wealth management, medical care, etc.The huge opportunities of the market have tapped the potential for new productivity growth.
In his opinion, the official new quality productive forces, technology finance, green finance, inclusive finance, pension finance, and digital finance “five major articles”, etc., are highly consistent with the direction and connotation, that is, the employees are required to do everything possible to find everything to findThe high -quality development path of the financial industry serves the people and the real economy.
Data show that Ping An of China has invested more than 8.77 trillion yuan to support the development of the real economy.”We can live well when the economy is good, so we want the real economy to be good, and we hope that ordinary people have money in their pockets.” Xie Yonglin said.
The Chinese real estate market is still in the adjustment and transformation, and the risk geometry of major financial institutions is the focus of market attention.According to the annual report, as of December 31 last year, the balance of real estate investment in the investment portfolio of Ping An Insurance Funds was 203.987 billion yuan, accounting for 4.3%of the total investment assets.
”Ping An Insurance and capital capital is controlled and controlled by housing.” Xie Yonglin revealed that nearly 80%of (78.4%) held by Ping An Insurance Monthums are the ownership of real estate (shopping malls, logistics real estate, long -term rental apartments, etc.), This part of the assets are measured in the cost method, and the historical return is very stable.
