Ping An and HKEX collaborate in fintech and data analytics

Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group”) and Hong Kong Exchanges and Clearing Limited (hereafter “HKEX”) have entered into a Memorandum of Understanding (MOU) to develop cooperation and collaboration in fintech and data analytics. The purpose of the MOU is to enhance the financial market ecosystem of the region.

Ping An Group and HKEX seek to explore opportunities to collaborate in initiatives covering the Great Bay Area that aim to serve global financial institutions, to promote mutual access and strong coordination between the Chinese and international markets and the building of Hong Kong capital market ecosystems.

A signing ceremony took place in Shenzhen at the Ping An Finance Center, Futian on September 6, 2019. Ping An Group Chairman and CEO, Peter Ma, joined HKEX Chief Executive, Charles Li, at the ceremony with Li Gang, HKEX Head of market development and Carol Chen, OneConnect vice-chairwoman and Co-General Manager, being the signatories to the MOU.

Peter Ma, Ping An Chairman and CEO, said, “The strategic cooperation with HKEX is an important milestone in our implementation of our “finance + technology” strategy and external cooperation. Ping An Group and HKEX will seek cooperation to facilitate HKEX in realizing its new vision of connecting China with the rest of the word. We look forward to the implementation and deepening of our cooperation.”

At Ping An, this initiative will be led by affiliate OneConnect Financial Technology Co., Ltd. OneConnect provides end-to-end services across multiple financial verticals including banking, insurance and investment with its unique model of “technology + business”. It has provided fintech solutions to institutions in Southeast Asia, Europe and the Middle East.

Source: Ping An Insurance Group Ltd.