Business Daily Media

Men's Weekly

.

PAObank Shared in World Internet Conference Asia-Pacific Summit in Hong Kong

Insights on the Potential of Commercial Data: A Path to Enhanced Financing Efficiency and Financial Inclusion

HONG KONG SAR - Media OutReach Newswire - 15 April 2025 - ​The World Internet Conference Asia-Pacific Summit 2025 held for the first time in Hong Kong.

PAO Bank Limited ("PAObank") has been invited to participate in the World Internet Conference Asia-Pacific Summit 2025, held for the first time in Hong Kong. As the only Hong Kong digital bank invited, PAObank engaged in discussions with international industry leaders and experts on unlocking the potential of commercial data. Leveraging its own experiences, PAObank analyses the adopting level of digital and intelligent technologies in financial sector, with the aim of advancing financial inclusion.

The World Internet Conference Asia-Pacific Summit, a flagship event of the innovation and technology sector, was held for two days in Hong Kong under the theme of "Integration of AI and Digital Technologies Shaping the Future - Jointly Building a Community with a Shared Future in Cyberspace". The Summit brought together around 1,000 participants from the Mainland and overseas, including government representatives, business leaders, expert and scholars. It serves as a platform to provide new impetus for exploring the potential of digital technology and fostering the growth of the digital economy across the Asia-Pacific region.

PAObank, as the first digital bank to participate in the Commercial Data Interchange initiative, stands out in leveraging alternative data to streamline financing processes. PAObank was invited to sub-forum on the second day of the Summit, titled "Digital Finance Forum: Inclusive Finance Empowered by Digital Intelligence", where it shared insights on fintech applications and the breakthroughs of cross-sector data interchange.

Mr. Ambrose Wong, Chief Executive cum Chief Risk Officer of PAObank shared, "PAObank has been dedicated to addressing the banking services gaps for SMEs since its inception. By leveraging financial technology and alternative data, we have streamlined the loan application and approval process, empowering SMEs with tailored financing services. Over the past five years, our deep exploration and application of commercial data have benefited lots of SME customers. In fact, amongst the approved loan cases of PAObank, about 25%[1] of SMEs obtained bank loans for the first time from PAObank, and around 8.2%[2] of startups received unsecured loan, reflecting PAObank's commitment to empowering SMEs to navigate their business upgrade and transformation journeys by leveraging financial technology.

PAObank is also strategically focusing on the Greater Bay Area, a region with immense development potential. The area is witnessing an influx of SMEs and a surge in economic vitality, leading to an increased demand for capital among SMEs. As a subsidiary of Lufax Holding Limited ("Lufax") (06623.HK, NYSE LU), PAObank aligns closely with Lufax's vision to leverage finance technology to advance financial inclusion in the Greater Bay Area. This synergy will support PAObank in developing cutting-edge digital banking services. PAObank will proactively explore relevant banking services and harness the role of Hong Kong as a 'super-connector' to support SMEs venturing into the Greater Bay Area and overseas markets, empowering them to tackle future challenges with confidence."

Recognised as the "best partner" for SMEs, PAObank deeply understands SMEs are the cornerstone of the economy. By leveraging financial technology and commercial data, PAObank designs targeted loan services tailored to the specific operational models of various industries. These include the "Cross-border e-Commerce Revolving Loan"[3] launched this year, designed to help SME expand their e-commerce business presence. By analysing the real-time data from e-commerce platform, such as sales volume, inventory and refund rates, PAObank gains a comprehensive insight into SMEs' business dynamics, which helps streamline the credit assessment process through big data analysis. Based upon the loan approval process, SMEs can secure funding as quick as one week[4] without providing any financial statements. This can promptly meet SME's funding needs while assisting them in exploring new business prospects.

Looking ahead, PAObank will continue to leverage commercial data to facilitate the development of digital banking ecosystem by forging more partnership and introducing more SME banking services. With continued efforts in the development of financial technology, PAObank will bring more diverse financing services to individual and SME customers, fulfilling its commitment to financial inclusion.



[1] As at 31 December 2024, about 25% of SMEs received their first bank loan amongst the approved loan cases of PAObank.
[2] As at 31 December 2024, around 8.2% of SMEs were start-ups operating for less than 3 years amongst the approved loan cases of PAObank.
[3] This loan product is only eligible to companies registered in Hong Kong. Reminder: To borrow or not to borrow? Borrow only if you can repay! Terms & Conditions apply. Please refer to PAObank website or call customer services hotline 3762 9900 for details
[4] Upon submission of loan application, the specific disbursement time is subject to the completion of documents to be provided and signed.
Hashtag: #PAObank #WIC

The issuer is solely responsible for the content of this announcement.

PAO Bank Limited

PAO Bank Limited ("PAObank"), a wholly-owned subsidiary of Lufax Holding Ltd ("Lufax") (SEHK: 6623; NYSE: LU) and a member of Ping An Insurance (Group) Company of China, Ltd. ("Ping An") (SEHK: 2318; SSE: 601318), is committed to fostering financial inclusion and establishing a digital banking ecosystem by leveraging its extensive experience in SME banking services and its leading financial technology advantages. PAObank was granted a banking licence by the Hong Kong Monetary Authority in May 2019 to offer banking services via digital channels. PAObank is expanding diverse business segments including retail banking and SME banking.

News from Asia

FGA Trust Showcases Hong Kong’s Institutional Strength at 2025 Inclusion Conference on the Bund

HONG KONG SAR - Media OutReach Newswire - 12 September 2025 - FGA Trust, a licensed trustee in Hong Kong, participated in the 2025 Inclusion Conference on the Bund by the invitation of InvestHK, a...

Appier Drives GenAI-Powered Creatives Transformation with AdCreative.ai, Empowering Hong Kong Brands to Accelerate into the Agentic AI Marketing Era

HONG KONG SAR - Media OutReach Newswire - 12 September 2025 - Appier (TSE: 4180), an AI-native SaaS company specializing in AdTech and MarTech solutions, today hosted the GenAI for Marketing Asia ...

Uni-Bio Science Group and Kexing Biopharm Forge Strategic Partnership to Accelerate Global Expansion of Osteoporosis Treatment Bogutai®

Zhangqiu District, Jinan City, Shandong Province – September 2025HONG KONG SAR - EQS Newswire – 12 September 2025 - Uni-Bio Science Group ("the Group") is pleased to announce the signing of a strat...

10th Belt & Road Summit celebrates decade of business, investment and co-operation achievements

HONG KONG SAR - Media OutReach Newswire - 12 September 2025 - The 10th edition of the Belt and Road Summit in Hong Kong (September 10-11) gathered about 6 200 high-profile participants from govern...

Digital Entertainment Leadership Forum 2025 Kicks Off Today

AI-Driven Innovation Unlocks the Missing Piece in Digital EntertainmentHONG KONG SAR - Media OutReach Newswire - 12 September 2025 - The Digital Entertainment Leadership Forum 2025 (DELF 2025), Cy...

COOFANDY, EKOUAER, and Zeagoo Announce Participation in Oktoberfest 2025 with Joint Pop-Up Event at Substanz Club

MUNICH, GERMANY - Media OutReach Newswire - 13 September 2025 - COOFANDY, EKOUAER, and Zeagoo are excited to announce their participation in the 2025 Munich Oktoberfest, alongside a special off...

Coastline Wealth Management’s Garrett Taylor Named a Top New York Best-in-State Wealth Advisor

LONG ISLAND, US - Media OutReach Newswire - 13 September 2025 - Garrett Taylor, CRPC®, Founder and Managing Partner of Coastline Wealth Management, has earned a place on Forbes' 2025 Best-in-State...

China Telecom Global Showcases at the 10th Belt and Road Summit, Paving the Way for a Smarter Silk Road Future

HONG KONG SAR - Media OutReach Newswire - 13 September 2025 - The 10th Belt and Road Summit was successfully held at the Hong Kong Convention and Exhibition Centre from September 10 to 11, 2025...

IVD Medical Holding Limited and ETHK Group Establish Joint Venture, On-Chain Financial Strategy Upgraded On September 14

NEW YORK, US - Media OutReach Newswire - 14 September 2025 - IVD Medical Holding Limited (01931.HK) released an announcement stating its collaboration with ETHK Group, a global on-chain financial ...

IVD Medical Holding Limited Releases "ETHK" Ecosystem Vision: Technology for the Public, Chain for the Way On September 14

NEW YORK, US - Media OutReach Newswire - 14 September 2025 - IVD Medical Holding Limited (01931.HK) officially announced its name change. Its English name was changed to "ETHK Labs Inc...

Manny Shah: Is your business disappearing from Google? You’re not alone

Small business owners across Australia are panicking as their websites vanish from Google’s front pages overnight. According to Manny Shah, cofounde...

MR Roads named Queensland Finalist in the 2025 Telstra Best of Business Awards

MR Roads, co-founded by Daniel Mikus and James Rolph, has been announced as a Queensland finalist in the prestigious 2025 Telstra Best of Business...

AWS research shows strong AI adoption momentum in Australia, with startups outpacing large enterprises in innovation

Amazon Web Services (AWS), an Amazon.com company, released new research revealing that while artificial intelligence (AI) adoption continues to acce...

Changing the World One Bite At a Time: IKU Turns 40

One of Australia’s first plant-based, chef-led eateries and now ready meal provider IKU is celebrating its 40 year anniversary with the business e...

Three generations marking 45 years in hot-air balloons

Australia’s leading hot-air balloon company is celebrating 45 years in the sky and its 700,000th passenger, driven by the passion of father-son du...

Workplace DMs, Reinvented: Deputy Messaging, Purpose-Built For Shift-Based Teams

Deputy, the global people platform for shift-based businesses, has launched Deputy Messaging, a fully integrated, real-time communication tool designe...

Sell by LayBy