Successful Launch Of PingAn-3 satellite Empowers Inclusive Finance

Ping An Insurance

Ping An Insurance

Ping An Insurance (Group) Company of China, Ltd. (HKEx:2318; SSE:601318) announced the successful launch of PingAn-3, also known as Taijing-1 01, Ping An’s first earth observation optical remote sensing satellite. PingAn-3, launched at the Jiuquan Satellite Launch Center, will join Internet of Things (IoT) satellites PingAn-1 and PingAn-2, to support the supply chain financial services of Ping An Bankand the development of inclusive finance.

Due to a lack of loan collaterals and reliable credit information,…

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