Green mountains and clear waters are like mountains of gold and silver, and green is the foundation for high-quality development. At the Central Financial Work Conference, the country proposed for the first time to "accelerate the construction of a strong financial country" and made "green finance" one of the five major chapters, placing higher requirements on financial institutions.
Lujin Holdings (LU.US; 06623. HK) adheres to the concept of sustainable development, implements China Ping An's "Green Finance+" action plan, innovates green finance products and services, and integrates its own governance and operation into green development. LuJinSuo Holdings is promoting a "financial+" layout, actively responding to the national green development policy with "one green financing discount, four green actions", and setting a precedent for the supply side structural reform of the financial industry and the transformation and development of financial institutions.
Continuously implementing financial supply side reform and upgrading green financing incentives
The central government has clearly proposed to improve economic policies for green and low-carbon development, strengthen support from fiscal, tax, financial, and pricing policies, and green finance has become an important driving force for high-quality economic and social development.
Since 2021, in order to solve the problem of difficult secondary financing for new energy vehicle owners, Ping An Inclusive Financing Guarantee Co., Ltd., a subsidiary of Lujin Holdings, has launched an exclusive preferential plan for "car e-loans" green financing. Through innovative product design, with characteristics such as wide coverage, high credit limit, low interest rate, and fast experience, it actively practices green finance, explores the credit potential of small and micro enterprise owners, and helps promote the development of inclusive finance.
Recently, Ping An Puhui has upgraded its exclusive green financing preferential plan for "car e-loans", covering more domestic new energy vehicle brands, providing lower financing rates for new energy vehicle owners who meet requirements, and enjoying fast green channel loans.
This upgrade not only reflects Ping An's firm commitment to green finance, but also demonstrates their professionalism and innovative spirit in the field of green finance. It not only strongly supports small and micro financing, but also plays a positive role in promoting the development of green finance.
It is reported that starting from April 2021, the "Car e-Loan" green financing exclusive preferential plan will gradually cover most of the 13 major automotive brands and new energy vehicle models. As of the third quarter of 2023, Ping An Puhui has successfully provided preferential loans of over 1.07 billion yuan to new energy vehicle owners.
Adhere to the sustainable development strategy and continuously focus on improving ESG practices
Green development is not only a national strategy, but also a common future for all mankind. As a responsible company, Lujin Holdings integrates ESG concepts into its development strategy, continuously innovating at the business level, introducing more green financial products and services, and actively promoting the popularization of green concepts among employees and partners.
Under the guidance of the national "dual carbon" strategy, Lujin Holdings has connected the strategic, management, execution, and practical levels and achieved positive cooperation, ultimately better implementing the idea of green development. The "1+N" implementation model launched promotes the development of environmentally friendly agricultural products nationwide, cultivates natural education backbone, supports actions such as ecological guardians, protecting animal and plant species, and guarding the land. It is hoped that through these actions, not only can public awareness of the ecological environment be enhanced, but more people can also participate in environmental protection actions to jointly protect our beautiful home.
The "Safe Guardian Action - National Park" project jointly launched by Lujinsuo Holdings and Ping An of China has landed at the Ya'an Branch of the Giant Panda National Park and the Hunchun City Bureau of the Northeast Tiger and Leopard National Park. As of the end of 2023, Lujinsuo Holdings has successfully transplanted 50000 saplings in the Ya'an area of the Giant Panda National Park and repaired over 604 acres of damaged giant panda habitats.
In addition, Lujinsuo Holdings also collaborated with the River Watcher Foundation to launch the "Beautiful Action" nationwide, encouraging employee volunteers to participate in a series of green public welfare activities. These activities cover multiple cities across the country, with a large number of participants and over 5.5 tons of disorderly garbage cleared. In order to build a green barrier, various subsidiaries of Lujin Holdings have extensively carried out afforestation activities, creating a better environment for the next generation through these actions.
In terms of low-carbon and energy-saving living, Lujin Holdings has also made significant achievements. In 2022, the company's cumulative electricity consumption decreased by 3%, and office paper saved 55.15%, decreasing from 1228.80 tons in 2021 to 212.48 tons, helping China Ping An achieve its commitment to carbon neutrality in operation by 2030.
Lujin Holdings has demonstrated the concept and determination of green development through practical actions. Not only have we achieved significant results in our business, but we have also actively taken on social responsibility and contributed our efforts to creating a green and sustainable China.
Looking back, the birth of Lujin Holdings was not only due to the people-oriented nature of finance, but also due to the path of Chinese characteristic finance towards "common prosperity". From inclusive finance to fintech, Lufax Holdings has always kept up with the times. Under the new era of green finance, LuJinSuo Holdings has also undergone new thinking and breakthroughs.
Under the "Green Finance+" action plan of Ping An in China, Lujin Holdings continues to "green" and will continue to achieve more in the future, As Chairman Ma Mingzhe of Ping An China once said, "Ping An China will unswervingly fulfill its corporate social responsibility, vigorously develop green finance, and comprehensively support rural revitalization. We will firmly establish and practice the development concept of 'green mountains and clear waters are invaluable assets', innovate and improve the multi-level green finance development system, and there is great potential for financial work."