OneConnect's Vision for the Future of Digital Finance Unveiled at WIC Asia-Pacific Summit

OneConnect's Vision for the Future of Digital Finance



On April 14-15, 2025, the World Internet Conference Asia-Pacific Summit took place at the Hong Kong Convention and Exhibition Center, attracting nearly 1,000 participants from various sectors, including government officials, business leaders, and experts in technology and innovation. Among the key players at this summit was OneConnect Financial Technology Co., Ltd., a subsidiary of Ping An Insurance (Group) Company of China, Ltd.

The summit focused on the seamless integration of the financial industry with advanced digital technologies, aiming to foster the development of inclusive financial services. Central to the discussions was the Digital Finance Forum, where insights were shared on utilizing digital intelligence tools to enhance financial inclusion.

Chen Dangyang, the Chairman and CEO of OneConnect, presented the company's strategic achievements across five key pillars: technology finance, green finance, inclusive finance, retirement finance, and digital finance. He highlighted that in 2024, Ping An invested an impressive RMB 10.14 trillion to spur real economic growth while allocating over RMB 1 trillion from insurance funds to support technological innovations.

OneConnect aims to establish itself at the forefront of fintech and AI, providing pioneering solutions that empower the financial industry. The company noted that all state-owned banks and joint-stock banks in China currently utilize at least one of its financial products, showcasing its significant market presence. Additionally, OneConnect has broadened its reach, serving 197 overseas financial institutions across 20 countries and regions.

Internally, OneConnect plays a vital role in facilitating digital transformation for subsidiaries like Ping An Property & Casualty Insurance and Ping An Life, ensuring they have robust technological support. Recent innovations include developing new digital- intelligent claims models and enhancing property insurance operations through technology. OneConnect has also garnered accolades, such as the First Prize for Financial Technology Development from the People's Bank of China, underscoring its commitment to innovation.

Chen expressed strong optimism for the future, stating, “OneConnect is the only platform within Ping An dedicated to exporting financial technology. We are committed to driving technological innovation and providing exceptional services both within our Group and to external clients. We have already achieved considerable outcomes in technological projects and financial centers.”

The summit's theme “Integration of AI and Digital Technologies Shaping the Future - Jointly Building a Community with a Shared Future in Cyberspace” highlighted the importance of collaboration within the Asia-Pacific region to create a competitive edge in digital development. Important discussions focused on how digital and technological innovations can be leveraged to stimulate high-quality growth and how to craft new advantages for the region's development.

OneConnect's vision thus aligns with both national strategies and the global push towards innovative financial solutions that prioritize citizen needs within a trustworthy financial ecosystem. Looking ahead, the company remains dedicated to contributing to high-quality development and enhancing the overall financial landscape with its technological expertise.

Through platforms like the World Internet Conference, initiatives like OneConnect signal a promising direction for digital finance, combining technological advancement with user-centric financial services. The emphasis on collaboration and sharing relevant experiences sets the stage for a new era in the financial sector, one that promises inclusivity and innovation for all stakeholders involved.

Topics Financial Services & Investing)

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