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    Zhiyi Li • CGS International

    Zhiyi Li's questions to OneConnect Financial Technology Co Ltd (OCFT) leadership

    Zhiyi Li's questions to OneConnect Financial Technology Co Ltd (OCFT) leadership • Q3 2024

    Question

    Zhiyi Li from China International Capital Corporation inquired about the implications of a reduced payment ratio with Ping An Group on profitability and the company's latest overseas expansion efforts, including hiring and areas of focus.

    Answer

    CFO Michael Lin clarified that while Ping An remains a key partner, OneConnect is strategically phasing out low-margin, high-customization business to improve earnings quality. He noted the transaction cap with Ping An is set to increase from 2025, anticipating a recovery. Chairman and CEO Shen Chongfeng detailed the overseas strategy, highlighting key product offerings like core banking and AI, target markets in ASEAN and the Middle East, and a multi-pronged recruitment plan involving local hires and ecosystem partners.

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    Zhiyi Li's questions to OneConnect Financial Technology Co Ltd (OCFT) leadership • Q1 2024

    Question

    Zhiyi Li from CGS International asked when the digital insurance business might see benefits from the recovery in P&C and auto insurance premiums, and also questioned what the sustainable revenue drivers are for the Gamma platform.

    Answer

    Chairman and CEO Shen Chongfeng stated that while short-term IT spending in the insurance sector might be affected by industry pressures, the long-term need for digital transformation presents an opportunity. For the Gamma platform, he identified future growth drivers as high customer stickiness, leveraging AI technology, maintaining a close partnership with Ping An for new use cases, and integrating the platform with other solutions for overseas expansion and cross-selling.

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