2 trillion, 30%! The "code" for Ping An Bank's corporate business growth in its annual report is hidden in these two numbers

MaticHoleFiller · 2026-03-24T15:53:05+00:00

# Ping An Bank's Supply Chain Finance: Digital Infrastructure Fueling Growth in 2025With both revenue and profit declining in 2025, Ping An Bank's supply chain finance and cross-border business, with a scale of nearly 2 trillion and growth exceeding 30%, has become a rare growth engine in its corporate banking segment.**By | China Trade Finance Content Team****Produced by | Trade Finance**Against the backdrop of an overall revenue decline of 10.4% and net interest margin narrowing to 1.78%, corporate banking has become a key support pillar. Enterprise loans grew 3.5%, with corporate customer base surpassing 966,000 accounts.The high growth trajectory points to a clear path forward. In an industry experiencing credit weakness, differentiated breakthroughs must be pursued by leveraging digitalization to penetrate industrial transaction scenarios. This represents the first practical test of its "corporate banking refinement" strategy in deep waters.**Digital Foundation: From Channel Enablement to Ecosystem Reconstruction**The explosion of Ping An Bank's transaction banking business is built upon its early construction of digital infrastructure. As of end-2025, its digital

MaticHoleFiller

2026-03-24 15:53:05

In 2025, a year marked by declines in both revenue and profits, Ping An Bank’s supply chain finance and cross-border business, with nearly 2 trillion yuan in scale and over 30% growth, have become rare engines of growth within its corporate banking sector.

Text	Translation
文｜华贸融财经内容团队	Text｜Huamao Rong Finance Content Team
出品｜贸易金融	Produced by｜Trade Finance
在整体营收下降10.4%、净息差收窄至1.78%的背景下，对公业务成为关键支撑。企业贷款增长3.5%，对公客户数突破96.6万户。	Against the backdrop of a 10.4% overall revenue decline and net interest margin narrowing to 1.78%, corporate banking has become a critical support. Corporate loans increased by 3.5%, and the number of corporate clients surpassed 966,000.
高增长清晰指向一条路径。在行业性信贷疲弱中，必须通过数字化深入产业交易场景，寻求差异化突围。这正是其“对公做精”战略在深水区的首次实战检验。	The high growth clearly points to a path: amid weak industry credit, digitalization must be used to deeply penetrate industrial transaction scenarios and seek differentiation. This is the first real test of its “refining corporate banking” strategy in deep waters.
数字化底座：从渠道赋能到生态重构	Digital foundation: from channel empowerment to ecosystem reconstruction
平安银行交易银行业务的爆发，基于其提前构建的数字化基础设施。2025年末，其数字财资平台签约集团客户数达4409户。较上年末大幅增长48.2%。这个用户基数的快速扩张，为后续业务流量导入奠定了基础。	The explosive growth of Ping An Bank’s transaction banking is based on its pre-established digital infrastructure. By the end of 2025, its digital treasury platform had signed 4,409 corporate clients, a 48.2% increase from the previous year. This rapid expansion of the user base laid a solid foundation for future business traffic.
平台实现了与490余家境内外银行的跨行直联。这构成了资金高效清算的管道网络。	The platform has established direct interbank connections with over 490 domestic and foreign banks, forming an efficient fund clearing network.
更关键的能力在于协同。平台连接金蝶、用友等超千家软件与服务提供商，以模块化功能输出服务于企业数字化转型。其2025年与某跨国制造业巨头的合作，标志着从功能输出到系统融合的跃迁。	The key capability lies in collaboration. The platform connects with over a thousand software and service providers such as Kingdee and UFIDA, delivering modular functions to support enterprise digital transformation. Its 2025 partnership with a multinational manufacturing giant marks a transition from mere functional delivery to full system integration.
银行的数字中台与客户全球ERP、供应链系统深度集成。资金流与产业流得以实时协同。	The bank’s digital middle platform is deeply integrated with clients’ global ERP and supply chain systems, enabling real-time coordination of capital and industrial flows.
这种深度集成直接提升了效率与风控精度。跨境智能审单系统识别准确率保持在93%以上。在供应链金融领域，其核心风控逻辑是从依赖“主体信用”升级为验证“交易信用”。	This deep integration directly enhances efficiency and risk control accuracy. The cross-border intelligent document review system maintains an accuracy rate above 93%. In supply chain finance, the core risk control logic has shifted from relying on “entity credit” to verifying “transaction credit.”
供应链金融：近2万亿规模背后的场景穿透	Supply Chain Finance: Scene penetration behind nearly 2 trillion yuan scale
全年近2万亿元的供应链融资发生额，绝非简单的规模堆砌。核心逻辑在于通过数字化手段，深度穿透核心企业的“产、供、销”全链条。将金融服务无缝嵌入真实贸易场景。	Nearly 2 trillion yuan in annual supply chain financing volume is not just about scale. The core logic is to use digital means to deeply penetrate the entire “production, supply, and sales” chain of core enterprises, seamlessly embedding financial services into real trade scenarios.
银行创新融合“主体、交易、商品”三大信用维度。围绕产业链及企业集团网络提供综合方案。	The bank innovatively combines the three major credit dimensions of “entity, transaction, and goods,” providing comprehensive solutions centered on industry chains and corporate group networks.
在服务一家头部新能源汽车厂商时，平安银行展现了真正的“场景穿透”。通过API安全获取关键交易数据，融资服务被直接配置到上游供应商的订单与下游经销商的库存中。贯穿“订单-生产-交付-回款”全流程。	When serving a leading new energy vehicle manufacturer, Ping An Bank demonstrated true scene penetration. Using secure APIs to access key transaction data, financing services were directly linked to upstream suppliers’ orders and downstream dealers’ inventories, covering the entire process from order, production, delivery, to payment.
这一模式的竞争力在于其对公业务不良率仅为0.87%的资产质量把控。在信贷需求偏弱的背景下，基于真实贸易背景和自偿性特征的供应链金融，信用风险相对较低。	Its competitive advantage lies in maintaining a non-performing loan rate of only 0.87% in corporate business. In a context of weak credit demand, supply chain finance based on real trade backgrounds and self-liquidating features has relatively low credit risk.
银行风控触角已前移至对物流、信息流、资金流的实时监控。2025年，其智能风控体系升级，搭建了全行级变量超市。沉淀超2.7万个风险特征变量，AI智能体深度嵌入流程。	The bank’s risk control has extended to real-time monitoring of logistics, information flow, and capital flow. By 2025, its intelligent risk control system was upgraded, creating a bank-wide variable database with over 27,000 risk features, with AI agents deeply embedded in processes.
但这套模型的阿喀琉琉斯之踵，恰恰在于其完美运行的前提——数据流的完整、真实与及时。在繁荣周期，产业链各环节履约意愿强，数据可信度高。	However, the Achilles’ heel of this model lies in its reliance on complete, authentic, and timely data flows. During prosperous periods, industry chain participants have strong fulfillment willingness, and data credibility is high.
然而，当宏观经济下行冲击整个产业链，核心企业自身信用“水位”下降，或为自保而延缓支付时，基于单笔交易的信用模型就可能面临“数据失真”与“链条断裂”的双重考验。其能否在完整的信用周期中独善其身，尚未得到验证。	However, when macroeconomic downturns impact the entire industry chain, and core companies’ credit “levels” decline or delay payments for self-protection, single-transaction credit models may face “data distortion” and “chain breakage.” Whether they can remain resilient throughout the full credit cycle remains unproven.
跨境金融：超30%增速的差异化卡位	Cross-border finance: Differentiated positioning with over 30% growth
跨境贸易融资30.1%的高增长，发生在全球贸易格局重塑与人民币国际化深化的窗口期。平安银行的策略是依托科技进行差异化卡位。“经常项目秒收秒付”显著提升了开户与交易效率。	The 30.1% high growth in cross-border trade financing occurs during a window of reshaping global trade patterns and deepening RMB internationalization. Ping An Bank’s strategy relies on technology for differentiation. “Current account instant collection and payment” significantly improves account opening and transaction efficiency.
更深层的布局在于直连海关“单一窗口”等基础设施。这相当于将系统部署在贸易真实性的“第一道关卡”。其目标是争夺未来数字贸易体系的规则定义权与数据入口。	Deeper deployment involves direct connections to customs “single window” systems and other infrastructure, effectively placing systems at the “first checkpoint” of trade authenticity. The goal is to compete for future rule-setting and data access in digital trade systems.
2025年竞得某头部跨境电商主办行资格。竞争焦点并非利率，而是一套覆盖多币种收付、汇率避险、供应链融资的数字化综合解决方案。这体现了其“科技卡位”的竞争逻辑。	In 2025, it secured the qualification as the main bank for a leading cross-border e-commerce platform. The competition is not about interest rates but about a comprehensive digital solution covering multi-currency payments, exchange rate hedging, and supply chain financing, reflecting its “tech positioning” strategy.
行长冀光恒在业绩会上坦言，“各家银行均加大对公业务布局，竞争愈发激烈”。跨境业务的壁垒，已从网点布局转向对数据流的解释权、跨法域合规及基于区块链的信用重构能力。	CEO Ji Guoheng stated at the earnings conference, “All banks are increasing their corporate banking efforts, and competition is becoming fiercer.” The barriers in cross-border business have shifted from branch network deployment to control over data flow, cross-jurisdiction compliance, and blockchain-based credit reconstruction capabilities.
平安银行将集团科技储备转化为“武器系统”。其AI风险预警与基于区块链的贸易金融平台，成为在红海市场中切割份额的利器。	Ping An Bank has transformed its group technological reserves into “weapon systems.” Its AI risk warning system and blockchain-based trade finance platform are key tools for capturing market share in highly competitive markets.
战略可持续性：增长动能与质量挑战并存	Strategic sustainability: Growth momentum and quality challenges coexist
供应链与跨境业务的亮眼数据，清晰展现了“对公做精”战略的初步成效。然而，这条增长路径的可持续性面临多重考验。	The impressive data in supply chain and cross-border business clearly demonstrate the initial success of the “refining corporate banking” strategy. However, the sustainability of this growth path faces multiple challenges.
首先是规模增长与价值创造的匹配难题。供应链金融利差薄，依赖规模周转。跨境业务重投入，需构建技术合规壁垒。规模增长能否转化为匹配的利润、资本回报与中收，是检验“做精”而非“做量”的关键。	First, there is the challenge of matching scale growth with value creation. Supply chain finance has thin margins and relies on turnover, while cross-border business requires heavy investment and building technological and compliance barriers. Whether scale can translate into matching profits, capital returns, and fee income is key to assessing whether the focus is on “refinement” rather than “volume.”
其次是增长质量的内生压力。尽管对公贷款整体增长，但企业贷款不良率从0.70%升至0.87%。这显示资产质量整体承压。在此背景下，高速扩张的业务，其交易信用风控模型能否在经济周期中持续有效，仍需时间验证。	Second, there is an inherent pressure on growth quality. Although corporate loans overall increased, the non-performing loan ratio rose from 0.70% to 0.87%, indicating overall asset quality pressure. Whether the transaction credit risk models of rapidly expanding businesses can remain effective throughout economic cycles remains to be seen.
此外，地缘政治、国际规则变化等外部风险，例如数据跨境监管政策的突变，也可能对高度依赖数字化流程与全球贸易网络的业务构成直接冲击。	External risks such as geopolitical shifts and changes in international regulations, including sudden cross-border data policies, could directly impact highly digitalized and globally interconnected businesses.
最后是数字化投入与产出的平衡难题。构建全球数据风控能力、维护广泛的合作伙伴网络，需要持续高昂的科技投入。截至2025年6月末，其应用上容器云比例超82%，AI辅助开发覆盖率超94%。	Lastly, balancing digital investment with output remains challenging. Building global data risk control capabilities and maintaining extensive partner networks require ongoing substantial technological investments. As of mid-2025, over 82% of applications run on container clouds, with AI-assisted development coverage exceeding 94%.
这些底层技术投入，终极目标是降低单笔交易成本、提高风控精度。以支撑微利业务的大规模拓展。投入能否转化为长期护城河与盈利贡献，而非一时规模，将决定差异化战略的最终成败。	The ultimate goal of these technological investments is to reduce transaction costs and improve risk control precision, supporting large-scale expansion of low-margin businesses. Whether these investments can evolve into long-term competitive advantages and profit sources, rather than short-term scale, will determine the ultimate success or failure of the differentiation strategy.
供应链金融与跨境业务的高增长，虽展现了初步成效，但其可持续性仍面临增长质量、盈利匹配与科技回报的多重考验。平安银行的实践，实质上是将科技资源集中于对存量交易流程的降本、增效与风控。在“微利海量”的业务中寻求极致效率。这昭示了“效率优化”路径的短期爆发力。	Although the high growth in supply chain finance and cross-border business demonstrates initial success, their sustainability faces multiple challenges in growth quality, profitability alignment, and technological returns. Ping An Bank’s approach focuses on leveraging technology to reduce costs, increase efficiency, and enhance risk control in existing transaction processes, seeking maximum efficiency in high-volume, low-margin operations. This highlights the short-term explosive potential of an “efficiency optimization” path.
然而，其探索也迫使行业思考一个更根本的问题：当传统息差模式日渐式微，银行的“价值增长”究竟应锚定于何处？	However, this exploration also prompts the industry to consider a more fundamental question: as traditional interest margin models decline, where should banks anchor their “value growth”?
是继续深耕存量客群的交易流程，以科技手段不断挤压运营与风险成本？还是必须跳出传统信用中介的职能，基于对产业数据的深刻理解，构建起提供风险管理、财资优化甚至产业协同等新型服务的“产业服务商”能力？	Should banks continue to deepen transaction processes for existing clients, using technology to continuously reduce operational and risk costs? Or must they step beyond traditional credit intermediation, leveraging deep industry data understanding to develop new capabilities as “industry service providers” offering risk management, treasury optimization, and industry collaboration services?
平安银行的终极挑战在于，能否将交易场景的数据优势，从服务于“更便宜的信贷”升级为创造“更不可或缺的服务”。从而获得真正的定价权与可持续的价值回报。	Ping An Bank’s ultimate challenge is whether it can upgrade its data advantage from serving “cheaper credit” to creating “more indispensable services,” thereby gaining genuine pricing power and sustainable value returns.
这不仅是其自身的战略考题，亦是整个银行业在数字化转型深水区必须面对的价值叩问。	This is not only a strategic challenge for itself but also a fundamental question that the entire banking industry must confront in its deep digital transformation.
步入“十五五”规划开局之年，供应链金融在服务现代化产业体系、发展新质生产力中肩负关键使命。在此背景下，2026第十二届中国供应链金融年会应时而开，旨在汇聚业界智慧。年会将以国家战略为引领，深入探讨包括作为“链长”的国有企业如何赋能全产业链、在人民币国际化背景下跨境金融的新解法等一系列核心命题，共同探寻金融精准服务实体经济、支撑产业升级的可行路径。	As the “14th Five-Year Plan” begins, supply chain finance bears a key mission in serving the modernization of the industrial system and developing new productive forces. In this context, the 12th China Supply Chain Finance Annual Conference will be held in 2026, aiming to gather industry wisdom. Led by national strategies, it will explore core topics such as how state-owned enterprises, as “chain leaders,” can empower entire industry chains, and new solutions for cross-border finance amid RMB internationalization, seeking feasible paths for financial services to support the real economy and industrial upgrading.
本届年会将直面行业最前沿的实践挑战与创新思考。从大宗商品数字化穿透“货权”盲区，到适配新能源金属贸易的金融新模式；从设计城投与园区平台的“产业-金融-数据”闭环，到解析直播电商供应链的差异化风控逻辑；从应对“穿透式监管” 与金税四期带来的合规新挑战，到探讨数据资产“入表” 对风控定价的重塑——议题紧密围绕数字化转型、产业变革与监管演进三大主线，旨在厘清风险管控、科技融合与生态共建的未来趋势。	The conference will address cutting-edge practical challenges and innovative ideas, from digitalizing bulk commodities to penetrate “cargo rights” blind spots, to new financial models for renewable energy metals trade; from designing “industry-finance-data” closed loops for urban investment and industrial parks, to analyzing differentiated risk control logic in live-streaming e-commerce supply chains; from tackling “penetrative supervision” and new compliance challenges brought by Golden Tax Phase IV, to exploring how “on-balance sheet” data assets reshape risk control pricing. Topics will focus on digital transformation, industrial change, and regulatory evolution, aiming to clarify future trends in risk management, technological integration, and ecosystem building.
这是一次聚焦真问题、寻找新答案的价值连接场。您将在此聆听政策前沿解读，借鉴标杆企业的突围方案，并与生态各方深度交流。无论是区域性中小银行探寻差异化竞争策略，还是各方共同平衡创新与合规的实践，都将在对话中碰撞出火花。同期举办的“2026第十二届中国供应链金融行业标杆大奖”评选，旨在致敬在解决这些行业难题中涌现的卓越实践者。我们诚挚邀请您拨冗莅临，于2026年4月8日相聚北京，与业界同仁一道，共绘行业发展新蓝图。	This event is a valuable platform focused on real issues and seeking new solutions. You will hear policy insights, learn from industry leaders’ breakthroughs, and engage in deep exchanges with ecosystem partners. Whether regional small and medium banks exploring differentiated strategies or various parties balancing innovation and compliance, sparks will fly in dialogue. The “2026 12th China Supply Chain Finance Industry Benchmark Awards” will honor outstanding practitioners addressing industry challenges. We sincerely invite you to join us in Beijing on April 8, 2026, to co-create a new blueprint for industry development.
这是一场供应链金融领域内重要的行业交流活动。诚邀您莅临参会，共话发展，为行业进步贡献力量。	This is an important industry event in supply chain finance. We warmly invite you to attend, discuss development, and contribute to industry progress.
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