HONG KONG FINANCIAL HUB UNFOLDS AS WEBank TECHNOLOGY SERVICES OPENS ITS DOOR IN THE HONG KONG SPECIAL EDITION

HONG KONG, Jan 20, 2025 --- In a significant move to expand its global presence and solidify its position as a leader in the financial technology sector, WeBank Technology Services (WTS) officially launched its operations in Hong Kong yesterday.

The ceremony, which took place at the Hong Kong Science and Technology Park, marked a major milestone in WTS's journey to become a key player in the fintech ecosystem. Attendees included senior representatives from WeBank, top government officials from Shenzhen and Hong Kong, as well as international partners from major financial institutions across Asia.

Key highlights from the ceremony include partnerships with Mega Corp from Indonesia, SCBX from Thailand, Hong Leong Bank from Malaysia, and Fusion Bank from Hong Kong SAR. These collaborations underpin WTS's technological prowess and marked a significant step forward in its global expansion efforts.

"WeBank Technology Services, supported by Hong Kong's open business environment, aims to become a hub for technology services delivery, innovation, and sales while remaining committed to advancing the development of the Greater Bay Area," said Li Nanqing, President of WeBank and Chairman of WTS. "We are also collaborating with local financial partners by offering reliable digital solutions, which supports Chinese companies aiming for international markets and upgrading services and technology."

WTS's strategic location in Hong Kong serves as a key hub for cross-boundary collaborations, driving projects such as the Shenzhen-Hong Kong Cross-Boundary Data Validation Platform. The platform enables secure digital solutions for sectors like finance, education, and healthcare.

For instance, WTS worked with local universities to enhance information exchange and compliance verification in education, improving academic cooperation efficiency. Additionally, the company contributed blockchain technology to the Hong Kong Monetary Authority's Ensemble project, driving innovation in tokenized markets.

WeBank Technology Services is determined to expand its international presence by forming strategic partnerships with financial institutions worldwide and providing premium digital services to clients globally.

With a strong commitment to collaboration, WTS aims to drive regional economic growth through global expansion, while delivering safer, smarter, and more efficient services. By leveraging its cutting-edge fintech capabilities and expertise in digital finance, AI, big data, and blockchain, WTS is poised to shape the digital transformation of the global financial system.

As WeBank Technology Services continues to forge ahead, the company remains dedicated to supporting Chinese companies as they expand into global markets by offering robust technological capabilities and digital solutions.