日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Ping An uses advanced tech to reduce risks

By Zhou Mo in Shenzhen, Guangdong | China Daily | Updated: 2018-08-17 10:26
Share
Share - WeChat
Pedestrians walk past a branch of Ping An Bank of Ping An Insurance (Group) of China in Shenyang, Northeast China's Liaoning province, March 21, 2018.[Photo/IC]

Utilizing advanced technologies is strengthening Ping An Bank Co Ltd's ability to deal with non-performing assets, amid a shift toward retail banking that could raise its bad loan risks.

In the first half of 2018, the Shenzhen, Guangdong province-based bank recovered approximately 12.33 billion yuan ($1.79 billion) in nonperforming assets, surging 180.1 percent year-on-year, according to its 2018 interim results announced on Thursday.

The remarkable growth in recoveries can partly be attributed to the company's embrace of advanced tech, including artificial intelligence, big data and cloud computing, according to the bank's senior executives.

"We have made technology-oriented development our primary strategy and we are continuously increasing our investment in technology," Xie Yonglin, chairman of Ping An Bank, said at a news conference in Shenzhen on Thursday.

According to the bank, spending on information technology increased by 165 percent in the first six months of the year compared with the same period last year. Its technology personnel grew more than 25 percent year-on-year to 4,800 as of the end of June.

"We have already changed the traditional approach to dealing with non-performing asset recovery through lawsuit or going to borrowers' homes," said Yao Guiping, vice-president-designate of the bank. "Instead, we use big data to help us obtain details about their capital."

The bank's efforts to integrate new technologies into its operations come as it pushes forward with its transition toward a focus on retail. The Shenzhen-listed bank said it is transitioning away from corporate business, with the aim of developing itself into a world-leading retail bank tailored mainly toward small and micro enterprises, as well as individuals.

Its retail business reported 29.32 billion yuan in operating revenue in the first half of 2018, growing 34.7 percent year-on-year and accounting for 51.2 percent of the bank's total. Net profit from the retail business comprised 67.9 percent of the bank's total over the same period.

Overall operating revenue increased 5.9 percent year-on-year to 57.24 billion in the first six months of the year. Net profit from all businesses totaled 13.37 billion yuan, rising 6.5 percent year-on-year.

"Retail business creates more risk for the bank, as this group of customers have a higher probability of defaulting," said Yu Lingqu, a researcher at the Finance and Modern Industry Research Center at the China Development Institute, a Shenzhen-based think tank.

Compared with large enterprises, which usually offer real estate as collateral, retail customers' assets are smaller and more diverse, making it much harder for the bank to deal with recoveries, Yu said.

"Against this backdrop, traditional approaches cannot meet the bank's operating demand. It is highly necessary for the bank to solve the problem with financial technology," said Yu.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 欧美黄区| a免费视频 | 久久一区精品 | 欧美日韩一区二区三区在线观看 | 久久特级毛片 | 精品国产一区二区在线 | 国产精品每日更新 | 欧美操穴| 欧美日韩中文字幕在线视频 | 久草在线手机 | 狠狠干天天干 | 99久久精品免费观看区一 | 亚洲一区在线观看视频 | 久久视频这里只精品99 | 91精品国产综合久久久久蜜臀 | 国产碰碰 | 国产亚洲成在线播放va | 欧美电影一区 | 国产乱码精品一区二区三区中文 | a级片在线观看 | 国产精品免费一区 | 天天弄天天干 | 日韩高清不卡 | 另类五月天 | 好吊视频 | 国产在线观看中文字幕 | 久久精品国产免费中文 | 久久草在线视频 | 欧美日韩国产综合一区二区三区 | 91视频免费网址 | 亚洲高清一区二区三区 | 久久91久久91精品免费观看 | 久久这里只有精品视频9 | 天天草天天干 | 亚洲欧美成人综合在线 | 久久观看 | 亚洲人影院 | 久久天堂 | 制服丝袜成人动漫 | 久久免费看少妇高潮A片JA小说 | 国产福利合集 |