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China’s Ping An Group buys stock in financial institutions tech provider

The American depositary shares purchase happens at a time when financial institutions continue to invest in technology infrastructural platforms.

By João Marques Lima

Founder and Editor, The Tech Capital

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March 24, 2022 | 12:38 AM GMT

China’s Ping An Group buys stock in financial institutions tech provider

Wangchun Ye, OneConnect’s chairman of the Board. Source: OneConnect

The Tech Capital

China Ping An Insurance Overseas (Holding) Limited (Ping An Overseas), a wholly-owned subsidiary of Ping An Insurance (Group) Company of China, Ltd. (Ping An Group), has purchased 5,344,635 American depositary shares (ADSs) of OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) in the open market.

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João Marques Lima

Founder and Editor, The Tech Capital

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