Agricultural Bank

SunCar Technology Reports 29% Revenue Growth, Including 79% Increase in Auto e-Insurance Business in FY 2023

Retrieved on: 
Monday, April 29, 2024
Agricultural Bank, China CITIC Bank, City, Minor planet, NIO, Yoy, Insurance, Bank of Communications, API, CMBC, TSLA, EV, BIDU, Bank, NEV, XPEV, GAAP, Growth, BYD, Cryptocurrency

NEW YORK, April 29, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, today provided a business update and reported financial results for the year ended December 31, 2023.

Key Points: 
  • Our auto service segment reported revenue of $215 million in fiscal year 2023, an increase of 8% from $199 million in fiscal year 2022.
  • This segment is enabled by SunCar's technology platform, which facilitates auto services, such as car wash, maintenance, driving service, and road assistance.
  • Our auto eInsurance segment generated $118 million in fiscal year 2023, a 75% increase over fiscal year 2022.
  • Our technology service business generated revenues of $31 million for the year ended December 31, 2023, a 98% increase over 2022.

China's Expanded Payment Services Offer Maximum Convenience for Foreign Visitors

Retrieved on: 
Tuesday, April 23, 2024
Sale, Bankcard, Mastercard, Agricultural Bank, BOCOM, ABC, Diners Club International, E-CNY, CCB, POS, Bank, Android, ICBC, Commercial bank, American Express, UnionPay, QR, RMB, JCB, BOC, Mobile payment, Communication, Discover, ID, Industrial, Bank account, Online shopping

LOS ANGELES, April 23, 2024 /PRNewswire/ -- The China National Tourist Office has disseminated a clear, easy-to-follow guide on payment processes for foreign visitors to the country. Checking off your bucket list destinations in China is now easier and more accessible with the expanded safe and worry-free payment portals that were introduced by multi-agency government officials on March 14, 2024. The new measures are expected to boost China's rebounding tourist arrivals.

Key Points: 
  • LOS ANGELES, April 23, 2024 /PRNewswire/ -- The China National Tourist Office has disseminated a clear, easy-to-follow guide on payment processes for foreign visitors to the country.
  • Foreign visitors can now explore China's top attractions and hidden gems, shop and dine using their preferred payment portal.
  • Foreign visitors can now pay using any of the following: Bank Card, Mobile Payment, Tour Card, E-Wallets, Cash, Bank Account and E-CNY.
  • You can download from the app store and add your bank cards to any of the aforementioned mobile payment platforms.

Linklogis Hosts Industry-Finance Treasury Forum in Beijing

Retrieved on: 
Friday, November 17, 2023
Cloud, Treasury, State, Blockchain, Ecosystem, Growth, Data analysis, SME, Inclusive, Digital intelligence, Big data, Treasury management, Travel Technology Interactive, Artificial intelligence, Financial management, Speech, Agricultural Bank, Digitization, Assistant, Agricultural Bank of China, State Council, Digital technology, Software, Cloud computing, Benchmarking, Management, Cryptocurrency, Security (finance), Retail, Linklog

The Industry-Finance Treasury Forum, hosted by Linklogis Inc. (09959.HK, hereinafter referred to as “Linklogis”), was held in Beijing on November 16, 2023.

Key Points: 
  • The Industry-Finance Treasury Forum, hosted by Linklogis Inc. (09959.HK, hereinafter referred to as “Linklogis”), was held in Beijing on November 16, 2023.
  • The forum centered on pioneering practices and innovative approaches in building treasury systems.
  • Ji Kun emphasized that Linklogis targets the pain points and complexities inherent in corporate treasury management to develop sophisticated industry-finance treasury solutions with its cutting-edge technological infrastructure and rich operational experiences.
  • Envisioning the Future of Treasury, Several Industry Leaders Discuss the Opportunities of Digitization
    Several industry leaders from state-owned enterprises and financial institutions participated in the round-table discussion on “Future of Industry-Finance Treasury”.

Cybersecurity in Banking Market to Reach $282 Billion Globally by 2032 at 14.4% CAGR: Allied Market Research

Retrieved on: 
Wednesday, November 22, 2023
Chart, Organization, Bank, PDF, Computer security, COVID-19, Table, Bank of China, Customization, Agricultural Bank, Growth, Online shopping, Medical device

PORTLAND, Ore., Nov. 22, 2023 /PRNewswire/ -- Allied Market Research has recently published a report, titled, "Cybersecurity in Banking Market by Type (Data Protection, Governance, Risk and Compliance, Email Security and Awareness, Cloud Security, Network Security, Identity and Access Management, Security Consulting, Web Security, IoT/OT, End point Security, Application Security, Security and Operations Management, Others), by Organization Size (Small, Medium, Large), by Deployment Mode (Public Cloud, Private Cloud, Data Center, Managed Services): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global cybersecurity in banking market generated $74.3 billion in 2022, and is anticipated to generate $ 282 billion by 2032, rising at a CAGR of 14.4% from 2023 to 2032.

Key Points: 
  • Moreover, the pandemic led to an increase in demand for online financial services and made work from home arrangements a new normal.
  • The cloud security sub-segment of the global cybersecurity in banking market accounted for the largest share of 14.1% in 2022 and is expected to grow at the highest CAGR of 18.4% by 2032.
  • The large sub-segment of the global cybersecurity in banking market accounted for the largest share of 48.2% in 2022 and is expected to continue to dominate in terms of market share by 2032.
  • Leading Players in the Cybersecurity in Banking Market:

Cybersecurity in Banking Market to Reach $282 Billion Globally by 2032 at 14.4% CAGR: Allied Market Research

Retrieved on: 
Wednesday, November 22, 2023
Chart, Organization, Bank, PDF, Computer security, COVID-19, Table, Bank of China, Customization, Agricultural Bank, Growth, Online shopping, Medical device

PORTLAND, Ore., Nov. 22, 2023 /PRNewswire/ -- Allied Market Research has recently published a report, titled, "Cybersecurity in Banking Market by Type (Data Protection, Governance, Risk and Compliance, Email Security and Awareness, Cloud Security, Network Security, Identity and Access Management, Security Consulting, Web Security, IoT/OT, End point Security, Application Security, Security and Operations Management, Others), by Organization Size (Small, Medium, Large), by Deployment Mode (Public Cloud, Private Cloud, Data Center, Managed Services): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global cybersecurity in banking market generated $74.3 billion in 2022, and is anticipated to generate $ 282 billion by 2032, rising at a CAGR of 14.4% from 2023 to 2032.

Key Points: 
  • Moreover, the pandemic led to an increase in demand for online financial services and made work from home arrangements a new normal.
  • The cloud security sub-segment of the global cybersecurity in banking market accounted for the largest share of 14.1% in 2022 and is expected to grow at the highest CAGR of 18.4% by 2032.
  • The large sub-segment of the global cybersecurity in banking market accounted for the largest share of 48.2% in 2022 and is expected to continue to dominate in terms of market share by 2032.
  • Leading Players in the Cybersecurity in Banking Market:

SunCar Technology Group Inc. Announces Strategic Cooperation with the Heilongjiang Branch of the Agricultural Bank of China

Retrieved on: 
Monday, November 13, 2023
Minor planet, Credit card, Personal, Agricultural Bank of China, Partnership, Agricultural Bank, Growth, Financial services

NEW YORK, Nov. 13, 2023 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), a leading provider in digitalized automotive after-sales services and online auto insurance intermediation in China, is delighted to announce its recent strategic agreement with the Heilongjiang branch of Agricultural Bank of China.

Key Points: 
  • NEW YORK, Nov. 13, 2023 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), a leading provider in digitalized automotive after-sales services and online auto insurance intermediation in China, is delighted to announce its recent strategic agreement with the Heilongjiang branch of Agricultural Bank of China.
  • This one-year agreement marks a significant milestone in SunCar's expansion strategy within the financial services sector.
  • Departmental Integration: Services will be integrated across various bank departments, including the Credit Card and Personal Banking departments.
  • Mr. YE Zaichang, Chairman and CEO of SunCar, commented, "we are excited to launch this program with the Heilongjiang branch of the Agricultural Bank of China, which stands as a testament to our commitment to innovation and customer service excellence.

Global Times: China's senior officials vow to have intensified regulations to prevent financial risks as FSF kicks off in Beijing

Retrieved on: 
Thursday, November 9, 2023
Tao, Insurance, IPO, Relaxation, Pan, Bank, Housing, Tianjin University of Finance and Economics, Global Times, Standard Chartered, Conference, Wang, Developed country, Agricultural Bank of China, Agricultural Bank, Economics, Industrial and Commercial Bank of China, BOC International, Bank of China, Commercial bank, Tianjin University, Blood, Real-time, Social science, China Securities Regulatory Commission, CSRC, Cryptocurrency, Security (finance), Renewable energy

Pan said the financial sector will help local governments dissolve debt risks, and ensure stable and healthy development of the housing market.

Key Points: 
  • Pan said the financial sector will help local governments dissolve debt risks, and ensure stable and healthy development of the housing market.
  • Yi Huiman, chairman of China Securities Regulatory Commission (CSRC), Li Yunze, head of the National Financial Regulatory Administration and other senior officials, also addressed the opening ceremony.
  • In practice, the reform has led to even stricter regulatory measures, most notably, the enhancement of transparency, Yi stressed.
  • As an international bank rooted in China for 165 years, Standard Chartered will play the role of a "connector."

Fosun's Ratings Affirmed by S&P, Market Bullish on Chinese Private Enterprises

Retrieved on: 
Wednesday, May 31, 2023
HSBC, China Construction Bank, Exim Bank, Bank of Communications, S&P Global, Industrial and Commercial Bank of China, Bank of China, Daiwa Securities Group, Face, Hang Seng Bank, China Minsheng Bank, Club Med, Bank of East Asia, Communication, Agricultural Bank, Commercial bank, Shanghai Pudong Development Bank, Commerzbank, Deleveraging, Sale, Goldman Sachs, Agricultural Bank of China, Standard Chartered, Bank, Relaxation, Industrial, S&P Global Ratings, News, Risk management, Renewable energy, Security (finance), Fosun International

This move implies that with continuous efforts to optimize capital and asset base, Fosun's short-term liquidity pressure has been greatly eased and its ratings have been affirmed by international agency S&P Global Ratings.

Key Points: 
  • This move implies that with continuous efforts to optimize capital and asset base, Fosun's short-term liquidity pressure has been greatly eased and its ratings have been affirmed by international agency S&P Global Ratings.
  • Analysts believe that coupled with the recent increase in foreign investment in China and the continuous net purchase of domestic securities, S&P Global Ratings' move also revealed that the international capital market is bullish on Chinese private enterprises considering the confidence boost in the outlook of China's economic recovery.
  • At the same time, sound banking relationships enabled sufficient sources of liquidity amid turbulence in the bond market.
  • In the report issued on 30 May, S&P Global Ratings fully affirmed Fosun's sound relationships with domestic and foreign banks.

Ping An Ranks 16th in Forbes' Global 2000, 7th among Global Financial Enterprises

Retrieved on: 
Friday, June 9, 2023
Insurance, Science, China Construction Bank, Poverty, Industrial and Commercial Bank of China, Bank of China, Technological literacy, Internet, Agricultural Bank, Commercial bank, Ping'an, Global 2000, Sustainable development, Forbes Global 2000, Corporate welfare, Agricultural Bank of China, ESG, Belt, Adolescence, Bank, Industrial, ICBC, MSCI

With steady development of operating income, profit, asset scale and market value, Ping An ranked 7th among global financial institutions, second among global insurance companies, and fifth among China companies.

Key Points: 
  • With steady development of operating income, profit, asset scale and market value, Ping An ranked 7th among global financial institutions, second among global insurance companies, and fifth among China companies.
  • The annual Global 2000 rankings from Forbes are based on an analysis of four metrics: sales, profits, assets and market value.
  • The Group has transformed to smart, digital operations to empower its core financial business and sustain business growth.
  • [1] Forbes Global 2000 used the latest 12 months of financial data available as of May 5, 2023 to calculate the factors used in the ranking.

Ping An Ranks 16th in Forbes' Global 2000, 7th among Global Financial Enterprises

Retrieved on: 
Friday, June 9, 2023
Insurance, Science, China Construction Bank, Poverty, Industrial and Commercial Bank of China, Bank of China, Technological literacy, Internet, Agricultural Bank, Commercial bank, Ping'an, Global 2000, Sustainable development, Forbes Global 2000, Corporate welfare, Agricultural Bank of China, ESG, Belt, Adolescence, Bank, Industrial, ICBC, MSCI

With steady development of operating income, profit, asset scale and market value, Ping An ranked 7th among global financial institutions, second among global insurance companies, and fifth among China companies.

Key Points: 
  • With steady development of operating income, profit, asset scale and market value, Ping An ranked 7th among global financial institutions, second among global insurance companies, and fifth among China companies.
  • The annual Global 2000 rankings from Forbes are based on an analysis of four metrics: sales, profits, assets and market value.
  • The Group has transformed to smart, digital operations to empower its core financial business and sustain business growth.
  • [1] Forbes Global 2000 used the latest 12 months of financial data available as of May 5, 2023 to calculate the factors used in the ranking.