Profitable launch of PingAn-3 satellite tv for pc empowers inclusive finance

HONG KONG and SHANGHAI, Aug. 22, 2022 /PRNewswire/ — Ping An Insurance coverage (Group) Firm of China, Ltd. (HKEx:2318; SSE:601318) introduced the profitable launch of PingAn-3, also referred to as Taijing-1 01, Ping An’s first earth statement optical distant sensing satellite tv for pc. PingAn-3, launched on the Jiuquan Satellite tv for pc Launch Heart, will be part of Web of Issues (IoT) satellites PingAn-1 and PingAn-2, to help the availability chain monetary providers of Ping An Financial institution and the event of inclusive finance.

As a result of an absence of mortgage collaterals and dependable credit score info, micro-, small and medium-sized enterprises (MSMEs) face challenges in elevating funds required for enterprise growth and manufacturing upgrades. It’s tough and dangerous for monetary establishments to assessment financing purposes from MSMEs because of the lengthy industrial chains, quite a few cross-regional companies, difficulties in due diligence, and receivables which might be small quantities and excessive frequency.

Ping An strives to drive the event of inclusive finance by leveraging technologically modern monetary service mannequin to handle financing wants of MSMEs. PingAn-3, as Ping An Insurancean earth statement optical distant sensing satellite tv for pc, can acquire high-resolution picture information, assist banks to understand actual operation information and different info within the upstream and downstream of the availability chain extra successfully and intuitively upon company authorization. This info also can assist banks to evaluate mortgage dangers and enhance the supply and accessibility of monetary providers.

Within the agricultural sector, the realm and development of crops are monitored by distant sensing pictures frequently. This info helps decide the extent of monetary help supplied to MSMEs within the upstream and downstream of the agricultural provide chain. Within the vitality sector, a distant sensing satellite tv for pc can acquire pictures of a photo voltaic farm, examine the quantity and integrity of photovoltaic panels with synthetic intelligence (AI) picture expertise, and supply information help for inexperienced credit score of banks. In city providers sector, banks can use distant sensing pictures to grasp the development progress of economic actual estates and industrial parks, and enhance the safety of financing enterprise.

Since Ping An Financial institution launched into its Nebula IoT Program in 2019, it has launched the IoT satellites PingAn-1 and PingAn-2 to enhance the IoT information communications on the bottom. By connecting IoT gadgets, providers will be prolonged to mines, forests, grasslands, deserts, oceans and different areas the place floor indicators are lacking. As of the tip of March 2022, greater than 20 modern initiatives beneath the Nebula IoT Program have been carried out in six main industrial fields, together with car connectivity, manufacturing, vitality, agriculture, infrastructure and logistics. The initiatives are serving greater than 12,000 clients and connecting greater than 12 million IoT finish gadgets. Sooner or later, the three satellites will work collectively to sense, establish, find, monitor, monitor and handle bodily property for extra well timed and efficient transmission of true operation information within the upstream and downstream of the availability chain. They are going to play a invaluable function in pre-loan credit score enhancement assessment, post-loan monitoring, early warning and different facets.

About Ping An Group

Ping An Insurance coverage (Group) Firm of China, Ltd. (“Ping An“) strives to change into a world-leading retail monetary providers group. With over 223 million retail clients and practically 657 million web customers, Ping An is without doubt one of the largest monetary providers firms on the planet. Ping An focuses on two over-arching domains of exercise, “built-in finance” and “healthcare”, masking the supply of monetary and well being care providers by its built-in monetary providers platform and ecosystems in monetary providers, healthcare, auto providers and good metropolis providers. The “finance + expertise” and “finance + ecosystem” methods intention to offer clients and web customers with modern and easy services utilizing expertise. As China’s first joint inventory insurance coverage firm, Ping An is dedicated to upholding the very best requirements of company reporting and company governance. The Group is listed on the inventory exchanges in Hong Kong and Shanghai. Ping An ranked seventeenth within the Forbes World 2000 checklist in 2022 and ranked twenty fifth within the Fortune World 500 checklist in 2022.

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