Ji Guangheng talks about the reform of Ping An Bank: Judging from the overall progress so far, it has met the original expectations
2024-08-17
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Ji Guangheng, Party Secretary and President of Ping An Bank
"Ping An Bank's strategic reforms have always attracted widespread attention from the market. Judging from the overall progress so far, this round of reforms has achieved the original expectations. The bank has achieved good results in maintaining strategic determination, optimizing business structure, strengthening coordination between head offices and branches and across departments, and promoting organizational culture construction." On August 16, Ping An Bank Party Committee Secretary and President Ji Guangheng said this at the bank's 2024 mid-year performance conference.
Ji Guangheng said frankly that for a bank, one year is very short, especially when the external environment changes greatly. It is too difficult for a bank to run well without 3-5 years. Of course, if a bank wants to make a bad operation, one year is enough. What have been done in the past year? One is structural reform. In addition, the changes in the team, the linkage between the head office and branches, the large-scale streamlining of cadres, the promotion and demotion of cadres, and the competition and rotation of young cadres have all been solved this year. The major actions have been in place at the head office level, and the basic structure of the branches was basically in place in the second quarter. Now the main focus is on operations.
Ji Guangheng said that Ping An Bank adheres to the strategic positioning of retail banking. Under the strategic guidance of "strengthening retail, refining corporate banking, and specializing in peer banking", Ping An Bank further promotes the solution of deep-seated management problems, improves the strategy and risk model of retail customer product channels, and studies the direction of corporate asset allocation and the collaborative model of corporate retail banking under the new situation. From the perspective of asset-liability management of the whole bank, it strengthens cross-departmental and cross-line business linkage and seeks methods and paths to improve core indicators.
He also introduced that Ping An Bank flexibly responded to the challenges of the external environment, actively adjusted the customer structure, and improved the quality of business. For example, it promoted the transformation of retail business from high risk, high cost, and high return to medium risk and medium return, and gradually improved the quality of retail customer base, asset quality, and asset structure through active management. From the perspective of internal management data, the current competitive trend of retail loan balances and indicators such as non-performing generation have shown signs of stabilization and improvement.
Ji Guangheng said that Ping An Bank continues to create a collaborative culture. From within the line to across lines, from the head office to branches, from the front desk to the back desk, the team's willingness to cooperate and the degree of tacit understanding based on communication efficiency have been significantly improved.
In terms of organizational structure, he pointed out that Ping An Bank has continuously improved its organizational capabilities and team quality. "The new structure of the head office is running smoothly, the cadres have been adjusted in place, and the branch structure adjustment and cadre rotation are progressing in an orderly manner. With the deepening of strategic reform, our echelon construction and talent reserve have been further improved, and a group of outstanding young cadres have moved to front-line operation and management positions. At the same time, through the strengthening of rotation organization training, the comprehensive quality and ability of the cadre team and their awareness of independent operation have been significantly improved."
He said that Ping An Bank has used leading technology to inject new vitality into its strategic transformation, explore new models of technology-based financial services, upgrade digital system tools, implement intelligent branch construction, and lay a solid foundation for digital financial capabilities. Currently, financial and technological innovations have been fully integrated into all aspects of Ping An Bank's daily operations. In the future, Ping An Bank will continue to strengthen its exploration of cutting-edge technologies to drive business innovation and development.
Hu Zhiting, reporter of The Paper
(This article is from The Paper. For more original information, please download the "The Paper" APP)
