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, often known as Taijing-1 01, Ping An’s first earth commentary optical distant sensing satellite tv for pc. PingAn-3, launched on the Jiuquan Satellite tv for pc Launch Heart, will be a part of Web of Issues (IoT) satellites PingAn-1 and PingAn-2, to help the provision chain monetary companies of Ping An Financial institution and the event of inclusive finance.

Because 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 troublesome and dangerous for monetary establishments to evaluation financing functions from MSMEs because of the lengthy industrial chains, quite a few cross-regional companies, difficulties in due diligence, and receivables which are small quantities and excessive frequency.

Ping An strives to drive the event of inclusive finance by leveraging technologically revolutionary monetary service mannequin to deal with financing wants of MSMEs. PingAn-3, as Ping An Insurancean earth commentary optical distant sensing satellite tv for pc, can get hold of high-resolution picture knowledge, assist banks to know actual operation knowledge and different info within the upstream and downstream of the provision chain extra successfully and intuitively upon company authorization. This info may also assist banks to evaluate mortgage dangers and enhance the provision and accessibility of economic companies.

Within the agricultural sector, the world and development of crops are monitored via distant sensing photos frequently. This info helps decide the extent of economic help offered to MSMEs within the upstream and downstream of the agricultural provide chain. Within the vitality sector, a distant sensing satellite tv for pc can get hold of photos of a photo voltaic farm, examine the quantity and integrity of photovoltaic panels with synthetic intelligence (AI) picture know-how, and supply knowledge help for inexperienced credit score of banks. In city companies sector, banks can use distant sensing photos to grasp the development progress of business 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 knowledge communications on the bottom. By connecting IoT gadgets, companies will be prolonged to mines, forests, grasslands, deserts, oceans and different areas the place floor alerts are lacking. As of the tip of March 2022, greater than 20 revolutionary tasks beneath the Nebula IoT Program have been applied in six main industrial fields, together with automobile connectivity, manufacturing, vitality, agriculture, infrastructure and logistics. The tasks 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 knowledge within the upstream and downstream of the provision chain. They may play a useful position in pre-loan credit score enhancement evaluation, post-loan monitoring, early warning and different features.

About Ping An Group

Ping An Insurance coverage (Group) Firm of China, Ltd. (“Ping An“) strives to grow to be a world-leading retail monetary companies group. With over 223 million retail clients and practically 657 million web customers, Ping An is likely one of the largest monetary companies firms on the planet. Ping An focuses on two over-arching domains of exercise, “built-in finance” and “healthcare”, overlaying the supply of economic and well being care companies via its built-in monetary companies platform and ecosystems in monetary companies, healthcare, auto companies and sensible metropolis companies. The “finance + know-how” and “finance + ecosystem” methods purpose to offer clients and web customers with revolutionary and easy services and products utilizing know-how. 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 17th within the Forbes World 2000 record in 2022 and ranked 25th within the Fortune World 500 record in 2022.

For extra info, please go to www.group.pingan.com and observe us on LinkedIn – PING AN.

SOURCE Ping An Insurance coverage (Group) Firm of China, Ltd.