Give full play to the advantages of trust and innovate and integrate into the construction of ubiquitous power Internet of Things

——Interview with Wang Jianbo, Chairman and Party Secretary of Yingda International Trust Co., Ltd.

Special Correspondent Liu Raoju and Liu Boyan

Reporter: Yingda Trust is a financial unit of State Grid Corporation of China. What do you think about the current development of Yingda Trust?

Wang Jianbo: General Secretary Xi Jinping emphasized at the 13th collective study session of the Political Bureau of the CPC Central Committee that deepening the structural reform of the financial supply side must implement the new development concept, strengthen the financial service function, identify the key points of financial services, and serve the real economy and people's lives.

At the State Grid Corporation of China's 2019 mid-year work conference, Chairman Kou Wei emphasized the need to have a deep understanding of the internal and external situations facing the company, to recognize the great significance of building a world-class energy Internet enterprise with "three types and two networks" from a higher standpoint, to promote the construction of a world-class energy Internet enterprise with "three types and two networks" with a spirit of reform and innovation, and put forward the requirement of "promoting the innovative development of financial business" for financial business.

With a sense of responsibility and urgency, Yingda Trust proactively implements the requirements of the supply-side structural reform of finance, and innovatively integrates into the construction of a world-class energy Internet enterprise with "three types and two networks", especially the construction of the ubiquitous power Internet of Things. Taking the opportunity of restructuring and listing, we use Internet thinking and market-oriented concepts to find the points of fit between the main business, industry and finance for a benign interaction, implement the embedded development of core businesses, accelerate the expansion of industrial chain financial business, and promote the development of the ubiquitous power Internet of Things in the financial field. At the same time, we give full play to the advantages of the trust system, dig deep into energy consumption data resources, enrich financial products and services, cultivate and build a shared trust brand, comprehensively and accurately serve the synergy of industry and finance, and strive to provide effective financial supply to meet the diversified financial needs and the people's needs for a better life, and help the company's development strategy in the new era to land.

Reporter: In order to implement the requirements of financial supply-side structural reform and build on the advantages of the trust system, from what aspects has Yingda Trust worked to improve its ability to provide financial services?

Wang Jianbo: The traditional financial industry is currently undergoing digital transformation, transitioning from a product-centric to a customer-centric stage. New technologies such as big data and artificial intelligence are gradually upgrading from IT basic support for business to the core driving force for constant business innovation.

At the same time, the trust system gives trust institutions an essential difference from other financial institutions. Trust is based on trust, with trust property as the premise for establishment and the interests of the beneficiaries as the service goal. The subject of trust property rights is separated from the subject of interests, and has independence. The trust operation method is flexible and adaptable. Based on the advantages of the trust system, Yingda Trust takes the development of trust business as the starting point, improves the level of information construction, builds a new generation of core operating platforms, strengthens business support, empowers trust development with technology, lays out the main functions of the financial trust business sector, promotes the construction of a full-business data center platform, realizes a comprehensive upgrade of the information infrastructure, and meets the diversified financial supply needs of enterprises and individuals.

Comprehensively improve comprehensive management capabilities. Reconstruct the information-based infrastructure to comprehensively improve the platform's carrying capacity, and achieve effective support for information technology for lean management, business innovation and strategic transformation of enterprises. With business processes as the main line, use multi-dimensional, integrated and timely data support to fully integrate various management requirements into system development and design, helping to achieve rapid response to business needs, on-demand acquisition of information services, intelligent response to financial accounting, and multi-dimensional lean management benefits.

Comprehensively improve precision marketing capabilities. The integration of financial services and the construction of ubiquitous power Internet of Things will further enhance the keen perception and accurate identification of customer needs, and promote the realization of online finance with a package of comprehensive products and one-stop precise services. Online finance effectively connects financial needs and financial services, realizes the authentication and identification of various types of power customers, and provides realistic solutions for the management of movable value such as accounts receivable, orders, warehouse receipts, and the extension of the power industry chain, so that individual customer target group identification, terminal financial demand smart marketing, and consumer finance business in various specific application scenarios of the Internet of Things have achieved business innovation.

Comprehensively improve the risk prevention and control capabilities of the entire line. The combination of smart power big data and specific application scenarios of financial services can obtain more comprehensive customer operation information. By analyzing data such as corporate customer electricity consumption files, electricity consumption trends, and electricity bill payment, it is possible to quantitatively evaluate customer status, achieve intelligent dynamic monitoring and risk warning, optimize post-investment and loan management in multiple dimensions, and innovate risk management methods.

Reporter: What specific practices has Yingda Trust taken to promote the construction of a world-class energy Internet enterprise with "three types and two networks" and integrate innovation into the construction of ubiquitous power Internet of Things?

Wang Jianbo: Promoting the construction of a world-class energy Internet enterprise with "three types and two networks" is the main line of the company's work throughout the year. Building a ubiquitous power Internet of Things is the core task of the company's new strategy implementation. Yingda Trust actively integrates into the construction of the ubiquitous power Internet of Things, integrates internal and external resource elements, promotes corporate transformation and upgrading, and enhances corporate development momentum.

Clarify the development strategy and lay out the direction of industrial finance. Relying on the background of the power grid industry and based on serving the real economy, Yingda Trust has built a full-perspective business structure with strategic vision and overall thinking, and further clarified the development path, that is, adhering to the general tone of work of seeking progress while maintaining stability, embedding the six major main businesses of power grid business, supply chain financial business, clean energy business, trust origin business, general market business, and inherent business into the construction of ubiquitous power Internet of Things, fully implementing multi-dimensional lean management requirements, preventing risks, and promoting high-quality development of enterprises. At the same time, it provides all-round and multi-level trust service support such as financing and asset management for the construction of ubiquitous power Internet of Things, and provides effective financial supply for the real economy.

Extend the value chain and innovate trust products and services. Yingda Trust concentrates its superior resources, coordinates professional fields, and further clarifies business lines, assessment principles, and management interfaces. In view of the business module of the power grid industry value chain, it explores the management model of the business unit, and through organizational structure and process reengineering, gives full play to the business strength of the professional field, flexibly and independently adapts to new situations in the market, and improves the response speed. At the same time, it integrates internal and external data resources to help extend the industry value chain, innovate business scenarios, release the value of various resources, and innovate investment and financing models based on movable property value management, so as to truly serve small and medium-sized enterprises upstream and downstream of the industrial chain and meet the multi-level and diversified financial needs that have not yet been effectively connected in the financial system.

Focusing on customers, we explore the original business of trust. Yingda Trust actively integrates into the construction of Yingda Financial's customer service system, integrates service resources, optimizes customer service, and improves customer participation and satisfaction. Through financial technology empowerment, we promote the energy consumption revolution, focus on customers, integrate trust needs, explore family trusts, charitable trusts, consumer trusts, pension trusts and other trustee service businesses that can better reflect the value of trusts, provide wealth appreciation, wealth inheritance, wealth security and other service functions, expand the scope of effective financial services, and meet people's needs for a better life.