Ping An Insurance coverage (Group) Firm of China, Ltd. (HKEx:2318; SSE:601318) introduced the profitable launch of PingAn-3, also called Taijing-1 01, Ping An’s first earth remark 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 companies of Ping An Bankand the event of inclusive finance.

On account of a scarcity 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 overview 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 revolutionary monetary service mannequin to handle financing wants of MSMEs. PingAn-3, as Ping An Insurancean earth remark optical distant sensing satellite tv for pc, can receive high-resolution picture information, assist banks to know actual operation information and different info within the upstream and downstream of the availability chain extra successfully and intuitively upon company authorization. This info can even assist banks to evaluate mortgage dangers and enhance the provision and accessibility of monetary companies.

Within the agricultural sector, the world and development of crops are monitored via distant sensing photographs frequently. This info helps decide the extent of monetary 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 receive photographs of a photo voltaic farm, verify the quantity and integrity of photovoltaic panels with synthetic intelligence (AI) picture know-how, and supply information help for inexperienced credit score of banks. In city companies sector, banks can use distant sensing photographs to know 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, companies may 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 revolutionary tasks beneath the Nebula IoT Program have been applied in six main industrial fields, together with car 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, determine, find, observe, monitor and handle bodily belongings for extra well timed and efficient transmission of true operation information within the upstream and downstream of the availability chain. They’ll play a priceless function in pre-loan credit score enhancement overview, post-loan monitoring, early warning and different points.

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 without doubt one of the largest monetary companies corporations on the earth. Ping An focuses on two over-arching domains of exercise, “built-in finance” and “healthcare”, masking the supply of monetary and well being care companies via its built-in monetary companies platform and ecosystems in monetary companies, healthcare, auto companies and good metropolis companies. The “finance + know-how” and “finance + ecosystem” methods goal to supply clients and web customers with revolutionary and easy services utilizing know-how. As China’s first joint inventory insurance coverage firm, Ping An is dedicated to upholding the 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 listing in 2022 and ranked 25th within the Fortune World 500 listing in 2022.