Shenzhen Evening News reported that "Secured transport of 13.5 trillion yuan in 20 years, how does this "modern establishment providing armed escort services" do it?"
Hu Ke, chairman of
SHENZHEN VPOWER FINANCE SECURITY CO. LTD (“VPOWER”), said that in the past 20
years, VPOWER has expanded from single cash-in-transit service to a variety of
services encompassing cash-in-transit, cash processing, first-line maintenance
of ATMs, bullion storage, handling and transportation, and cross-border armored
transportation. Nowadays, VPOWER is on its 20th anniversary, and will focus on
expanding new business such as secured global logistics service on valuables,
strengthening cooperation with cash-in-transit companies across the nation, and
is committed to building a platform for logistics services on valuables
covering the whole nation.
In the operations
area of the Meilin Branch of VPOWER, separated
by thick glass wall floor-to-ceiling height along 30 meters long corridor, the
cashiers are untying the yellow rubber bands bundled with hundred-dollar
banknotes and counting the banknotes swiftly. During the Spring Festival every
year, they can process cash up to 1 billion dollars every day. Although for
VPOWER, this is just the iceberg of its daily business.
On May 17th, 2018 VPOWER held its 20th anniversary and media open day activities at its Merlin and Futian operations facilities which unveiled the mystery of the cash-in-transit industry.
The “Modern Armed Escorts” have an escorting mileage of
210 million kilometers in 20 years.
At 11:15 am on May
17th 2018, at the VPOWER’s Futian operations facilities, the
escorts were conducting anti-robbing exercises: a VPOWER’s armored vehicle was
on the road at a constant speed. Suddenly, a man on a bicycle followed the
vehicle. He touched the vehicle and fell to the ground. Subsequently, the man
who got up and threw bricks to the armored vehicle and screamed for stopping
the vehicle. A security guard got off the vehicle to sort out the case and the
man suddenly attacked and held him up, and called his accomplices to appear,
threatening the security guards to surrender their arms. The highly trained
VPOWER security guards quickly subdued the gangsters and successfully completed
the escort mission.
At the scene of
the open day’s activities, it can be seen that a number of armored vehicles
have been driven out of the facilities for distribution of cash boxes to
various banks. It was described that, VPOWER provides security transportation
and the last cash boxes overnight storage services for most of the commercial
banks in Shenzhen, and servicing more than 8,000 ATMs.
In 1996, the
relevant departments of the State Council conducted a special study on the
safety of banknotes transportation. For the first time, the reform proposal for
establishment of a professional third-party cash-in-transit company was
proposed. The ice-breaking trip chose the frontier of reform and opening up in
Shenzhen. After a comprehensive feasibility assessment, VPOWER began
preparations in the same year and officially opened in 1997.
establishment, VPOWER has carried out a total of 20 million network points for
secured transportation, escorting a mileage of 210 million kilometers,
escorting RMB 13.5 trillion, and escorting hundreds of billions of cash per
Li Hongbing, a
crew leader of the Merlin operations facilities of VPOWER, said that in this
"modern armed escort services company", there are more than 2,000
"security crews", responsible for guarding, collection from and
delivery to clients and assisting in box-carrying. Most of them are veterans
who have undergone specialized armed escort training. In order to maintain the
discipline of the escorts, supervising the security crews used military
Regarding how to
ensure the safety of driving, Li Hongbing said that the company had prepared a
plan for the problems that may be faced during the escort. In addition, the
company’s headquarters control and dispatch center will grasp the fieldwork
movements in real time and provide information such as road conditions for the
Xu Yafeng, head of
the control and dispatch centre of the Meilin operations facilities, said that
at present, all the armored vehicles of VPOWER are equipped with an in-vehicle
network video system, and each vehicle is equipped with a CCTV camera. The
staff can conduct all-round, multi-angle real-time monitoring and video
recording of all escort vehicles in the control and dispatch center to realize
GPS positioning and full-process visual monitoring of the vehicle.
Vaults "a citadel of security" are safe from
all foreseeable threats.
In addition to the
armored vehicles that are being charged to the fieldwork, the vaults are also
the "mysterious and dangerous" place of VPOWER. In Hollywood movies,
people often see "the thief" through the heavy infrared protection, into
the core of the vault. Wang Jiayong, head of the vaults of the Merlin
operations facilities, said that these are just movie plots. It is impossible
to enter the vaults in real life without activating the alarms security.
introduced that the first line of protection of the vault is the 24/7
monitoring system. The iron gate on the periphery of the vault is tightly
locked. When an intruder enters, it will automatically activate the alarms and
the security control center will dispatch armed guards to respond the alarms.
The second line of protection is the iron gate at the core of the vault. The
iron gate is double protected by password and key, and the password will be
changed from time to time. The third line of protection is the electronic
alarms system, the vibration alarm detectors, and even if a small piece of
paper is blown close to the vault by the wind, the alarm detectors will be
alarmed. In addition, the vaults also have dozens of other security facilities,
and security personnel to guard them 24/7 on their shifts, these security
forces make the vaults have a real "citadel of security".
Expanding new frontier of valuables transportation
establishment, VPOWER has actively explored third-party financial logistics
service models. From the outsourcing cash escorting by the banking business, to
the era of credit card, the business has been extended to the first line
maintenance of ATMs business, cash processing and distribution, cross-border
secured transportation between Shenzhen and Hong Kong, air-cargo logistics,
etc., VPOWER always leads the trend of the development of cash-in-transit
In 2009, the
service scope of VPOWER was extended to cross-border secured transportation
between Shenzhen and Hong Kong. In this year, in order to meet the needs of the
ever-expanding scale of overseas RMB cash circulation, with the support of the
Guangdong Provincial Government, the Shenzhen Municipal People's Government and
the People's Bank of China Shenzhen Central Branch, VPOWER has obtained the
vehicle licenses for its cash-in-transit armored vehicles on the roads in Hong
Kong. In July of the same year, VPOWER signed the 《Guarding Services Cooperation Agreement》and the《Cross-Border Armed Escort Cooperation
Agreement》with Hong Kong
Guardforce Limited and Bank of China (Hong Kong) Ltd., and the Shenzhen-Hong
Kong cross-border security transportation business was fully launched.
Wang Wei, general manager of VPOWER, said that under the influence of electronic payment, the amount of cash escorting business has a significant downward trend. Statistics from June to December 2016 showed that the company's overall business volume fell by 5% in June and by 8% in July, and the decline volume was increasing. In 2016, the company's overall business volume fell by nearly 10%. This is also a challenge for the national cash-in-transit companies. In the "Internet +" environment, in order to actively respond to the challenges, VPOWER is gradually expanding new business beyond cash, and vigorously develop the air valuables cargo logistics business.
Since 2017, VPOWER
has completed the cross-border air transport business of valuables from major
cities in China to Shenzhen and then to Hong Kong, becoming a landmark event
for VPOWER to actively expand into new business.
Hu Ke, chairman of
VPOWER, said that in the future, VPOWER will step into efforts to strengthen
cross-regional cooperation, create a nationwide escort network in a cooperative
manner, form a fully functional, well-connected domestic and overseas escort
service network, and actively develop secured global logistics services on
valuables, building up an international financial logistics brand.
(He Anru, Tang Wenzhao, Lin Bingquan, Zhang Xipor/Writing,
Chen Yu /photos)