PING AN OF CHINA(HK:02318) Zhong Guo Zheng Quan Bao·2025-11-21 20:09Core Viewpoint - The development of new productive forces driven by technological innovation is crucial for financial institutions, including Ping An Securities, to support the real economy and enhance service capabilities [1][2]. Group 1: Financial Services for Technological Innovation - Ping An Securities implements a dual-track strategy of "full-cycle product innovation" and "regional precision service" to support the high-quality development of technology innovation enterprises [2]. - The company focuses on strategic emerging industries such as semiconductors, new energy, and high-end equipment, and collaborates with venture capital institutions to support early-stage hard technology projects [2][3]. - As of September 2025, Ping An Securities has underwritten a total of 65 technology innovation company bonds and ABS with a total underwriting scale of 16.98 billion yuan, facilitating diverse financing channels for technology enterprises [3]. Group 2: Green Finance Initiatives - Ping An Securities integrates green finance concepts into its business design, aligning with national "dual carbon" strategies to promote effective green finance implementation [3][4]. - The company has established a rapid mapping mechanism for "policy-industry" to convert "dual carbon" goals into executable financial products and services [4]. - Ping An Securities has successfully facilitated the issuance of the first carbon-neutral green exchangeable corporate bond and the first carbon asset ABS in China, promoting low-cost financing paths for green enterprises [4]. Group 3: Inclusive Financial Services - The company aims to bridge the "last mile" of inclusive finance by addressing the diverse needs of different groups and integrating financial demand with social care [5]. - Ping An Securities has developed a multi-level matrix of stock and fund advisory services to meet the needs of various asset-level clients, including online services for the general public [5]. - In the pension finance sector, the company focuses on elderly-friendly modifications and has launched personal pension public fund products, managing a total of 31.473 billion yuan in insurance asset management plans [6]. Group 4: Digital Transformation and Innovation - Ping An Securities is committed to digital transformation, focusing on data-driven operations and enhancing financial service efficiency through technology [7]. - The company has developed a unified data service center to support operational decision-making and improve service competitiveness [7]. - Ping An Securities has launched the first data asset ABS in collaboration with exchanges, opening new financing paths for digital economy enterprises [8].