Millet and Shangcheng Joint Venture Company has 90percent ownership of Millet under the Hong Kong Virtual Bank License

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 Millet and Shangcheng Joint Venture Company has 90percent ownership of Millet under the Hong Kong Virtual Bank License


Netease Technologies News May 9, Millet Group and Shangcheng Group announced today that their joint venture Insight Fintech HK Limited (hereinafter referred to as Insight Fintech HK Limited) was awarded a virtual banking licence by the Hong Kong Financial Authority (hereinafter referred to as the Hong Kong Monetary Authority). It is insightful that financial technology is co-funded by millet group and Shangcheng group, of which 90% are millet group and 10% are Shangcheng group.

Insight Virtual Bank will launch its services online in the next six months or so.

Initially, Insight Virtual Bank will focus on the integration of financial technology and traditional banking business, using advanced technologies in the fields of artificial intelligence, big data, cloud computing and block chain to enhance user experience; combining the advantages of shareholders of both sides, through the upstream and downstream industrial chain of millet as a breakthrough point, to create a full-scale supply chain of financial services, and to empower the real economy. u3002 Talking about the original intention of setting up a virtual bank in Hong Kong, Hong Feng, Co-founder and Senior Vice President, Chairman and CEO of Millet Finance, said that under the macro background of Hong Kongs moving towards a new era of smart banking, Millet was pleased to co-sponsor a virtual bank by monk Cheng, and to create products more appropriate to usersneeds and more competitive products, covering more customers and constantly upgrading. User Experience: Our virtual bank will be designed to make everyone enjoy the fun of financial technology. (Quiet) Source of this article: Responsible Editor of Netease Science and Technology Report: Qiao Junjing_NBJ11279

Initially, Insight Virtual Bank will focus on the integration of financial technology and traditional banking business, using advanced technologies in the fields of artificial intelligence, big data, cloud computing and block chain to enhance user experience; combining the advantages of shareholders of both sides, through the upstream and downstream industrial chain of millet as a breakthrough point, to create a full-scale supply chain of financial services, and to empower the real economy. u3002

Talking about the original intention of setting up a virtual bank in Hong Kong, Hong Feng, Co-founder and Senior Vice President, Chairman and CEO of Millet Finance, said that under the macro background of Hong Kongs moving towards a new era of smart banking, Millet was pleased to co-sponsor a virtual bank by monk Cheng, and to create products more appropriate to usersneeds and more competitive products, covering more customers and constantly upgrading. User Experience: Our virtual bank will be designed to make everyone enjoy the fun of financial technology. (quiet)