Huang Xiaowen, Chairman Of Dongguan Trust: Seeking Development By Profession And Actively Fulfilling Social Responsibility Of State-Owned Enterprises

As a local state-owned enterprise and a trustworthy financial institution for asset management and wealth management, Dongguan trust has always attached great importance to fulfilling corporate social responsibility, combining social responsibility with the company's overall development strategy, creating a "win-win" situation of social benefits and enterprise benefits.

On November 28, Dongguan trust won the Golden Sail award of "outstanding social responsibility performance financial institution of 2020" by virtue of its outstanding concept of trust social responsibility and its unremitting and active performance of social responsibility at the "Southern finance and Economics International Forum 2020 annual meeting" and the fifth financial "Golden Sail Award" award ceremony.

In recent years, with the popularity of ESG investment concept, the importance of corporate social responsibility has become increasingly prominent. For investors, customers, upstream and downstream supply chain, as well as the public, the enterprises that have the courage to undertake social responsibility can not only win customer trust, market respect, but also gain value return.

As an important financial institution in the major node cities of Guangdong, Hong Kong and Macao, Dongguan trust has set a good example for the industry and even the whole market, whether it is committed to serving the people's better life, actively helping to overcome poverty, or responding to the national environmental protection strategy and actively carrying out charity activities. In addition, Dongguan trust has given full play to its advantages as a professional state-owned holding financial institution in Dongguan City. This year, Dongguan trust has completed the layout of key cities in the bay area, improving the ability of the team to serve the market in an all-round way, and making contributions to the construction of Guangdong, Hong Kong and Macao Bay area.

Huang Xiaowen, chairman of Dongguan trust (left), is interviewed by 21st century economic reporter. Information map

Serving the real economy in the Bay Area Based on Dongguan

According to the public information, Dongguan trust is a professional asset management and wealth management institution. By the end of 2019, the total assets of Dongguan trust management trust were 73.689 billion yuan, and the net assets were 5.658 billion yuan. The accumulated income distributed to customers in that year was 3.867 billion yuan. Dongguan trust actively managed trust assets accounted for 83.83%, far higher than the average level of the industry. From 2016 to 2018, Dongguan trust's rate of return (the main indicator of trust asset management capacity) of closed projects ranked first in the industry for three consecutive years. It ranked second in the industry in 2015 and 2019.

As the only state-owned trust company approved by China Banking and Insurance Regulatory Commission in Dongguan, Dongguan trust takes responsibility for regional development and makes positive contributions to regional construction.

Huang Xiaowen, chairman of Dongguan trust, pointed out that "at present, Dongguan is focusing on" six stabilities "and" six guarantees ", striving to win the" double victories "of epidemic prevention and control and economic and social development, and promoting the construction of" bay area city and quality Dongguan "to a new level. As a local state-owned financial enterprise, Dongguan trust is duty bound to better serve the real economy and help local economic and social development. "

Specifically, it includes supporting the construction of local major projects, exploring the investment and financing cooperation mode in the municipal major infrastructure and public service projects; cooperating with Dongguan Municipal Financial Bureau on July 4, 2019, establishing the "special support fund for Dongguan enterprises're lending". As of October 31, 2020, 269 loans have been issued, and the amount of re loan funds has reached 6.869 billion yuan, which strongly supports the development of local small and medium-sized enterprises and helps them Dongguan enterprises have reduced financing costs; they have jointly established a "Dongguan listed Dongguan enterprises development investment fund" with a scale of more than 1.7 billion yuan, which has maintained the stability of the local financial market; it has actively played the role of trust investment and financing, increased the collective fund raising efforts of Dongguan villages and towns, and guided the funds of villages and towns to help local development.

In addition, as an important node city of Guangdong, Hong Kong and Macao, Dongguan is taking the whole city's strength to participate in the construction of Dawan District, clarify the strategic deployment and value pursuit of "bay area city, quality Dongguan", adhere to the distinct urban positioning of building an advanced manufacturing center in Dawan District, and strive to form the best combination and best linkage with other cities, so as to realize complementary advantages and dislocation development.

The high-quality development of Dongguan has provided a solid foundation and major opportunity for the development of Dongguan trust, and has provided a continuous stream of living water and endless strength from the capital side and asset side.

According to Huang Xiaowen, Dongguan trust will closely combine the "central requirements", "what the bay area is looking for", "what Hong Kong and Macao need" and "what the company can do" to give full play to the advantages of the region, serve the urban renewal and upgrade the service industry, so as to add luster to the great article on the construction of Guangdong, Hong Kong and Macao Bay area.

In Huang Xiaowen's opinion, Dongguan is the geographic transportation center of Dawan District, and Songshan Lake, where Dongguan trust headquarters is located, is the midpoint of Guangshen science and technology innovation corridor, which provides an incomparable natural advantage for Dongguan trust to develop its business in Dawan district.

In addition, the acceleration of urban renewal in Dawan district has brought broad opportunities for the development of trust companies. Due to the strong regional characteristics and high professionalism of urban renewal business, Dongguan trust, which has been deeply involved in Dongguan and Dawan district market for 33 years, has advantages in brand, customer, information and risk control.

"For example, when we cooperated with Zhongtang town government in Dongguan City to carry out urban renewal projects, we successfully guided the rural collective funds of Zhongtang town to be used for the construction of Zhongtang project due to the recognition of the clients at the asset end and the capital end, thus building a" self circulation "bridge between the rural collective funds and the urban renewal projects Huang Xiaowen said.

In recent years, Dongguan trust has also made effective exploration and reserve around new business areas such as new infrastructure, culture and tourism, medical treatment, hydrogen energy, etc. according to the operation characteristics of different projects, the comprehensive use of loans, bonds, equity investment and other means has effectively promoted the location and operation of industrial upgrading projects.

Help people's better life with professional financial services

As a professional financial institution, Dongguan trust's most praised sense of social responsibility lies in its efforts to actively serve the people's better life and maintain and increase the value of property.

According to the reporter of the 21st century economic report, Dongguan trust has made remarkable achievements in preserving and increasing the value of investors' property with professional ability and high-quality service in recent years.

From 2017 to 2019, the scale of trust assets managed by Dongguan trust was 45.971 billion yuan, 60.303 billion yuan and 73.689 billion yuan, respectively, with an annual compound growth rate of 26.61%; the revenue realized for customers reached 1.816 billion yuan, 3.003 billion yuan and 3.867 billion yuan, respectively, with an annual compound growth rate of 45.92%; the proportion of trust assets under active management has always remained above 70%, ranking the forefront of the industry for many years, far higher than that of the industry Average level, known as "small and beautiful" boutique trust company.

By the end of November this year, Dongguan trust has distributed 4.207 billion yuan of income to investors, which has exceeded 8.79% of the total amount distributed in the whole year of last year. Thanks to the good performance, under the background of increasing macroeconomic downward pressure and the continuous tightening of regulatory policies, Dongguan trust's wealth raising went against the trend. As of the end of November, the sales scale of Dongguan trust reached 27.308 billion yuan, with a year-on-year increase of 40.73%, of which the direct sales scale reached 26.687 billion yuan, an increase of 61.47% over the same period.

Among them, the outstanding initiative management ability has played an important role in the development of Dongguan trust. Focusing on the key point of "active management capacity building", Dongguan trust focuses on improving the lean management level, focusing on strengthening the core construction of human resources, improving the professional business ability corresponding to the requirements of transformation, and the construction of entrusted management ability with the requirements of loyalty, diligence and efficient performance of duties.

"While doing a solid job in the traditional business, Dongguan trust has continuously increased the exploration and promotion of new business, and achieved phased results: the formation of a system of securities products, the continuous enrichment of product lines such as stock bull, stock fof, quantitative hedging, regular account and independent investment in bonds; the Service trust has broken the ice and actively tried to promote the" 1 + X "medical health management service trust project It was approved by the leaders of the trust department of the CIRC. We have strengthened the reserve of standard trust products, formulated business development plans, established investment banking business system, actively applied for business qualifications, opened up inter-bank trading channels, and made breakthroughs in ABS investment and bond investment Huang added.

Highlight the responsibility of state-owned enterprises and devote themselves to charity and public welfare undertakings for poverty alleviation

As a "pacesetter" combining social responsibility with the company's overall development strategy, Dongguan trust's sense of social responsibility is also reflected in its focus and enthusiasm for public welfare, charity, poverty alleviation and other undertakings.

The outbreak of new pneumonia at the beginning of this year had a great impact on the market and the national economy. Dongguan trust, which is actively engaged in social public welfare undertakings, not only did a good job in its own epidemic prevention and control measures, but also took quick action to respond to the call of charitable trust initiated by China Trust Industry Association and decided to donate 500000 yuan. After Dongguan trustee learned of the shortage of medical materials in Wuhan, 430 members of Dongguan trust leading group, cadres and employees raised 154732.66 yuan in two days. The two funds entered the "China Trust Industry against new pneumonia charity trust" launched by Wuhan Charity Association.

"Dongguan trust also took the initiative to strengthen financial support for enterprises related to epidemic prevention and control, and opened up" green approval channels "for enterprises with financing needs, so as to meet the needs of enterprises with efficient and high-quality services. We will investigate the stock business in the areas with severe epidemic situation one by one, and give special support such as appropriate delay of repayment, reduction and exemption of interest expenses, and continuation of production according to the situation of customers and the guidance of regulatory authorities. " Huang Xiaowen said.

In terms of actively helping poverty alleviation, Dongguan trust has supported the economic development of Shikeng village, Sanxi Town, Lechang, Shaoguan City, foziao village, Dalang Town, Dongguan City for three consecutive years, improving the efficiency of capital operation, providing support and assistance to the village's high-quality projects and infrastructure construction projects, so as to further promote the targeted poverty alleviation work and help Shikeng village file the poor To achieve the goal of poverty alleviation as soon as possible, and to increase the hematopoietic function of the collective economy. After discussion, Dongguan trust cadres in the village and the "two village committees" adopted the "per capita 20000 fund" and "Dongguan guidance fund" to implement the photovoltaic project on the top of the village committee building. After completion, the project income will be used to promote the income of Shikeng village's filing and card filing population to get rid of poverty according to the poverty alleviation income. The income from the poverty alleviation guidance fund is taken as the village collective income.

In 2019, Dongguan trust will donate 5 million yuan to build Zhaotong hope school in Yunnan.

Dongguan trust is headquartered in the beautiful Songshan Lake. Since 2015, Dongguan trust has held "walking with love" public welfare hiking activities for five consecutive years, mainly in the mode of "walking + charity". The first hiking activity invited more than 2000 citizens to participate in the activity. They supported the public welfare education by walking and carried forward the positive energy of society. From 2015 to 2019, Dongguan trust has donated 3 million yuan to Dongguan charity foundation. Dongguan trust set up charitable trust by giving full play to its professional advantages, and carried out a series of charitable actions through charitable trust. A total of 27 class book corners were donated to three rural primary schools in Jiexi County, Jieyang City, Guangdong Province. High quality books of suitable age were provided to 1148 students to help cultivate students' interest in reading. In November of this year, a large number of employees actively donated books to Xixi primary school in Jiexi County as supplementary books for book corner during the trust culture season of Dongguan trust exhibition.

In response to the national environmental protection strategy, Dongguan trust strongly supports green development, continuously innovates green trust products and services, and promotes the establishment of ESG investment philosophy. We should promote the construction of energy-saving organizations and strengthen the internal management through the use of science and technology.

Integration and symbiosis to create a high quality financial ecosystem

"Integration and symbiosis is the trust responsibility under the new pattern of asset allocation." According to Huang Xiaowen, chairman of Dongguan trust, "trust companies are the only financial institutions that span the money market, capital market and industrial investment, and can realize cross market portfolio in large categories of allocation. We are determined to serve high net worth customers, and the total configurable amount of high net worth customers exceeds 200 trillion. The advantage of diversified financing means is the use of innovative means. Trust companies also have the unique advantage of risk isolation. Trust companies have a late comer advantage in serving the capital market and the real economy. "

"How do trusts cooperate with banks, insurance, funds and securities? The cooperation with banks can be through agency recommendation and agency custody, and cooperation with insurance can be through investment (REITs of operating property asset securitization); securities companies are the investment consultants of our main professional investors, and the cooperation modes include securities dealers' income certificate investment, investment consultants, quantitative investment of self owned funds of securities companies, and agency recommendation; the same is true of funds, such as investment consultants, fof and PE Alternative investment There is a lot of room for cooperation between each other to build a high-quality financial ecosystem. "

When Dongguan trust was awarded the "financial institution with outstanding social responsibility performance in 2020", Huang Xiaowen, chairman of the board of directors, said that the trust company had a great responsibility and needed to combine social responsibility with the company's transformation strategy.

In the future, Dongguan trust will pay more attention to responsible investment. In terms of private equity investment and securities investment, as a trust company that is good at active management, Dongguan trust is considering adding ESG investment factor to optimize its portfolio (composed of enterprises with high rating), increase its resilience in long-term operation, achieve the effect of outperforming the average return of the market, and provide the possibility for investors to obtain excess returns.

In particular, Huang Xiaowen points out that more and more investors in ESG's investment fund and social fund hope to invest in sustainable development. As a state-owned holding boutique trust with a strong sense of social responsibility, we adhere to the trust culture concept of "integrity-based, integration and symbiosis". We seek professional development, embrace this new era with open arms, undertake more social responsibilities with strategic partners with the same values, and establish long-term stable asset portfolio that can cope with different economic cycles for investors Time to be friends and win-win cooperation in the blue ocean of family trust and service trust, and contribute to the construction of the bay area. "