China's first blockchain-based unsecured loan granted on OneConnect financing platform
OneConnect Financial Technology Co., Ltd. American Depositary Shares, each representing thirty ordinary shares (OCFT)
Company Research
Source: PR Newswire
SHENZHEN, China, Jan. 6, 2020 /PRNewswire/ -- On January 2, 2020, a financing platform for SMEs in China's Guangdong province was formally launched. The platform is supported by OneConnect (NYSE: OCFT), a leading Chinese fintech company that has just been listed on the New York Stock Exchange. The launch of the platform with blockchain as its key underlying technology marks the deep integration of digital government and fintech, signaling that difficulties in obtaining financing, including the associated high cost and slow pace of completing the process, faced by small and medium-sized businesses can be solved by following the "Guangdong model".Guangdong province governor Ma Xingrui, Ping An Group chairman and CEO Ma Mingzhe and OneConnect chairman and CEO Ye Wangchun attended the launch ceremony. OneConnect leveraged Guangdong's "digital government" data resources, as well as its own advanced financial technologies in blockchain, artificial intelligence and big data, to build a platf
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