VPOWER (HONG KONG) officially opened the "cargo channel"  between Hong Kong and Mainland China on November 23, 2017. Which opened a new chapter in the cross-border secured transportation of valuables. Initially RMB was the  currency for cross-border secured transportation and is now further expanded to USD, HKD, various foreign currencies ,  precious metals , jewelry , valuables.

The cross-border secured transportation of valuables is the high-end logistics service that VPOWER is creating. At present, VPOWER (HONG KONG) has already deployed a network of valuables and security in major areas in China. According to our customer needs, we can customize logistics solutions for cross-border secured transportation to satisfy our customers’ needs.

VPOWER FINANCE SECURITY (HONG KONG) LIMITED was established in Hong Kong in September 2016, and effectively promoting the circulation of gold and cash between mainland and Hong Kong, creating the conditions for the opening of the “Shenzhen-Hong Kong Gold Connect”. Currently, VPOWER(Hong Kong) has become the Hong Kong security company with the largest number of Cross-border secured transportation trucks, creating nearly 100 jobs for Hong Kong. VPOWER (Hong Kong) is the only cross-border secured storage and handling services provider in HONG KONG, and successfully participated in the First Trade of “Shenzhen-Hong Kong Gold Connect”.

The rapid development of VPOWER (Hong Kong) and its outstanding contribution have won the recognition of the financial industry and the public in Hong Kong and have attracted the attention of the majority of Hong Kong media. Recently, more than a dozen media including the South China Morning Post, Ta Kung Pao, Wen Wei Po, Ming Pao, Sing Tao Daily, The Letter, the Commercial Daily, the China Daily and other media conducted interviews with VPOWER (Hong Kong).The reasons why VPOWER set up a subsidiary in Hong Kong, the main customers and services of VPOWER in Hong Kong, and the development direction of VPOWER in Hong Kong and overseas markets were answered in detail by HU KE, the president of VPOWER (Hong Kong). Major media reported on these topics such as the “One Belt and One Road” approach for modern bodyguards stationed in Hong Kong, “VPOWER accelerates its transformation into the security transportation market for valuables” and “VPOWER Entering Southeast Asia through Hong Kong” from various perspectives including finance, society and development.

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.

1.         The “Modern Armed Escorts” have an escorting mileage of 210 million kilometers in 20 years.

At 11:15 am on May 17^th 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.

Since its 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 day.

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 management.

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 crews.

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.

2.         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.

Wang Jiayong 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".

3.         Expanding new frontier of valuables transportation

Since its 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 industry domestically.

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)

On October 30th 2017, The Chinese Gold & Silver Exchange Society (“CGSE”) held the “Shenzhen-Hong Kong Gold Connect in Qianhai” cooperation signing ceremony at the conference hall on the 4th floor of Sheung Wan Office, Hong Kong. The ceremony was chaired by president of CGSE Dr. Haywood Cheung.  Mr. Wang Wei, managing director of VPOWER (HONG KONG) attended and signed a gold spot settlement service cooperation agreement with Mr. Brian Fung, CEO of CGSE.

From November 1st, 2017, VPOWER (HONG KONG) will provide financial grade and 7×24 hour security services for all major members and related customers of CGSE. At the same time, the signing ceremony was attended by Mr. Wu Long, CEO of Industrial and Commercial Bank of China (Macau) Co., Ltd., and Mr. Stephen C.K. Wong, Senior General Manager of OCBC Wing Hang Bank. ICBC (Macau) and OCBC Wing Hang Bank will provide settlement services for CGSE in Macao and Hong Kong.

       11月3日，金銀業貿易場於香港會議展覽中心舉行第45屆理監事會就職典禮暨“黃金深港通”啟動禮。威豹押運作為服務商參加了典禮，來自香港及國內的政經界相關領導、沿線一帶一路國家的領事、金商、金融業、珠寶業界等代表，逾千餘人出席，香港特區行政長官林鄭月娥擔任主禮嘉賓。

      “黃金深港通”由金銀業貿易場和前海管理局聯袂牽頭，意在拓展黃金產業配套服務，打造嶄新的黃金交易平台。繼“黃金滬港通”後，“黃金深港通”將完善整個黃金交易生態圈，為黃金、資金貫通南北奠定基礎。

       香港行政長官林鄭月娥致詞時表示，“黃金深港通翻開兩地黃金市場發展的新篇章。貿易場利用香港作為全球離岸人民幣業務樞紐這個優勢，繼續以香港作為黃金交易的基地，並於深圳前海自由貿易區內開設“境內關外”保稅倉庫，在保稅倉庫實現黃金提貨交割及完成後續進口的程序，縮短進口交割時間與流程，有助業界節省營運成本。我期望貿易場的香港交易平台與前海的倉庫，能發揮協同效應，提升區內黃金產業鏈的競爭力，並且推動香港黃金市場的發展。”

       香港金銀業貿易場理事長張德熙博士表示，黃金深港通是採用“香港提供交易平台，深圳提供黃金實物交割”方式進行，相信可刺激香港黃金交易及促進人民幣國際化，首半年黃金交易額預期可達到10至15噸，交易額未來有望倍增。

       威豹押運作為“黃金深港通”的服務商，將為金銀業貿易場及其全體一百多家行員提供深港兩地的黃金、白銀等貴金屬的倉儲管理、交割與押運配送服務。

       首宗“前海金”交易由銀行、金銀業貿易場深圳前海行員、國際金商以及押運公司，聯合完成共計900公斤的現貨黃金買賣。在首宗交易中，威豹押運胡可董事長現場確認威豹貴金屬倉庫收到900公斤純度為99.99%的黃金，將配合開展交割服務。

      “黃金深港通”的開通，將進一步激活離岸人民幣資金，為中國爭取黃金定價權，也有助於進一步推動人民幣國際化！威豹金融押運護衛（香港）有限公司作為服務商，將會在接下來的服務中提供優質的倉儲管理、交割與押運配送服務，為“黃金深港通”保駕護航。

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