OneConnect Company Gains a Foothold in Hainan Free Trade Port

Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

OneConnect Financial Technology Co., Ltd. (OneConnect or the Company”) (NYSE: OCFT) has signed a strategic cooperation framework agreement with the Hainan Local Financial Supervision Administration to develop smart financial and smart supervision services in the island province of Hainan, as well as the financial sector in Hainan Free Trade Port.

Ye Wangchun, Chairman and CEO of OneConnect, said that through bilateral cooperation, the two parties will strengthen risk prevention and control of Hainan government data in the Chinas largest free trade port, ensuring information is secure, well-regulated, and manageable. We will establish a world-leading integrated smart financial services platform for Hainan Province, utilizing the latest fintech infrastructure projects to build the free trade port and expand its global reach, Ye said.

OneConnect will help the Hainan Local Financial Supervision Administration develop smart financial and smart supervision service systems in Hainan, pursue innovative development of financial institutions and enable efficient local financial supervision. The partners are committed to implementing integrated smart financial service systems, digitizing local financial supervision systems, consolidating multi-level fintech cooperation, and exploring Central Bank Digital Currency (CBDC) applications in Hainan to build a thriving financial sector in Hainan Free Trade Port.

OneConnect, an associate of Ping An Group, is a world-leading technology service platform for financial institutions in China and provides comprehensive end-to-end solutions for banks, insurers, and investment managers by integrating extensive financial service experience with market-leading technology. The Company enables customers to manage risks, enhance service quality, improve efficiency, increase revenue and reduce costs in their digital transformations. As of December 31, 2019, the Company served 47 international customers in 14 markets.

OneConnect, along with China Eastern, Shenzhen Stock Exchange and French energy company EDF signed contracts for 35 key projects (27 Chinese projects and eight foreign-funded projects) at a contract signing ceremony in Hainan Provinces capital city, Haikou, in June. These projects cover free trade port construction, industrial development, and public services.

About OneConnect

OneConnect Financial Technology Co., Ltd. (the Company”) is a leading technology-as-a-service platform for financial institutions in China. The Companys platform provides cloud-native technology solutions that integrate extensive financial services industry expertise with market-leading technology. The Companys solutions provide technology applications and technology-enabled business services to financial institutions. Together they enable the Companys customers’ digital transformations, which help them increase revenue, manage risks, improve efficiency, enhance service quality and reduce costs.

The Company’s 13 technology solutions strategically cover multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses from sales and marketing and risk management to customer services, as well as technology infrastructure such as data management, program development, and cloud services.

For enquiries:

Ying Zhou: [email protected]