Zhiyi Li's questions to ONECONNECT FINANCIAL TECHNOLOGY (OCFT) leadership • Q3 2024
Question
Zhiyi Li asked about the implications of the reduced transaction cap with Ping An Group on profitability and inquired about OneConnect's overseas expansion strategy, including hiring and key business focus areas.
Answer
CFO Rubo Lin clarified that Ping An Group remains a crucial partner and that OneConnect is strategically phasing out low-margin businesses to improve profitability, noting the transaction cap is expected to increase from 2025. Chairman and CEO Chong Feng Shen detailed the overseas expansion, highlighting key product offerings like core banking and AI, with target markets in the Middle East, Hong Kong, and ASEAN, supported by a multi-pronged recruitment strategy.