The Agricultural Development Bank of China (ADBC) is the only agricultural policy bank in China under the direct leadership of the State Council. It was established in November 1994. Its main responsibilities are to raise funds based on national credit in accordance with national laws, regulations and policies. The ADBC undertakes the financial task of agricultural policies, and acts as an agent for the allocation of financial funds for agriculture, promoting agriculture and rural economic development. With the diversification of financial needs, the ADBC has taken the initiative to seek changes, use digital technologies to enhance the efficiency and quality of asset-liability management, provide financial support for agriculture, and foster agricultural modernization and rural revitalization.
"Through penetrating analysis of daily account details, the system drills deep into the micro real economy from the perspective of macro management, provides financial support for agriculture, and fosters agricultural modernization and rural revitalization."
The project won the 12th Financial Science and Technology Application Innovation Award in 2021 organized by the financial information science and technology journal Financial Computerizing under the supervision of the People's Bank of China. With its professional technology and innovative model, the project won the 2021 Science and Technology Innovation Award for Outstanding Contribution to the Development of Financial Business.
As the only agricultural policy bank in China, the ADBC undertakes the financial task of agricultural policies and serves the development of agriculture and rural economy. With the diversification of financial needs, its original asset-liability management tool can no longer meet the management needs of informatization and refinement through the process. There is much room for improvement in risk identification and prediction, and asset-liability portfolio management and planning.
Beijing Vantage Point, a subsidiary of OneConenct, has joined hands with the ADBC to closely conform to the business characteristics and the functional positioning of policy bank, and optimize the identification, measurement, monitoring and control in asset-liability management, which effectively improve the timeliness, accuracy, sustainability and effectiveness of asset-liability management. A set of systems built for holographic management, dynamic management, portfolio management and active management - Asset-Liability Management System Project. The project has not only formed a number of business modules, but also customized the transformation combined with the ADBC’s business characteristics, and applied cutting-edge asset-liability management theory in the bank.
The system mainly includes four modules: interest rate risk management of bank account, liquidity risk management, business operation plan management and asset-liability portfolio management. With the goal of comprehensive quantitative analysis to support bank asset-liability management decisions, a three-layer architecture system including bottom-level measurement framework, middle-level application scenarios and top-level cockpit has been constructed. The finely divided modules and perfect architecture have greatly improved the efficiency and performance of the system.
After launch, the system has achieved great effect in overall management of quantity, price and risk, strengthened the total structure management of the bank's assets and liabilities, and enhanced the coordinated interaction of credit, fund, capital, interest rate and liquidity, improving the quality and efficiency of overall management of assets and liabilities. On the other hand, the system has increased the efficiency of data governance. Relying on the design of multiple account books, customer behavior models and measurement engine clusters, it covers more than 180 static and dynamic scene simulations to promote the refinement, dynamism and foresight of asset and liability management.
More importantly, the system attaches great importance to the connection and smooth flow between systems, gives full play to the synergy of system clusters, strengthens data sharing and integration, and effectively promotes the organic integration of asset-liability management, comprehensive budget management and performance evaluation.
In addition, in order to break the lasting problem of poor synchronization and communication barrier in the dissemination of data in asset-liability management system, the Vantage Point project team and the ADBC have worked together to creatively put forward a model of "carrying out multiple asset-liability applications in parallel based on a unified data mart", which has opened up the underlying data of each business system, and effectively avoided data isolation, aligning the source and caliber of data.
After official launch, the system has been popularized and used in all provincial branches of the bank. Through penetrating analysis of daily account details, the system drills deep into the micro real economy from the perspective of macro management, provides financial support for agriculture, and fosters agricultural modernization and rural revitalization.
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