Recently, K-Tech, as the first foreign-funded FinTech subsidiary, engaged in Shenzhen's Luohu District financial exchange, part of the "Hongling Finance · New Chapter" series. Hosted at Chengmai Center, the event was organized by Luohu Financial Services Office, undertaken by the Shenzhen Private Equity Fund Industry Association, and supported by the Shenzhen Municipal Party Committee's Financial Office, the People's Bank of China Shenzhen Branch, and the Luohu District People's Government.
Highlighting Shenzhen-Hong Kong financial integration, the event addressed cross-border payment efficiency and credit information sharing. The debut of the cross-border data verification platform is set to bolster financial ties, easing transaction costs. Luohu's "Financial 10 Articles" policy and the "Bank, Securities, Insurance" service package aim to streamline financial support for global enterprises.
During the key segment of the event, Luohu Financial Services Office formalized partnerships with K-Tech, Huaqiao Finance and other foreign-funded FinTech companies through the signing ceremony. This strategic move highlights our commitment to advancing digital innovation in cross-border financial services and reflects our confidence in Shenzhen's FinTech sector's growth potential. Through this collaboration, we look forward to exploring new models of FinTech with Luohu District, contributing to the regional economic development, and promoting innovation and growth in the field of FinTech.
Mr. Fan Yang, Managing Director of K-Tech, stated that since its establishment, K-Tech has been dedicated to serving the transformation and upgrading of KBank (China)'s business model, from a traditional foreign bank branch to an independent legal entity bank that offers a more comprehensive range of services and features more digitalized operations. At present, digital services account for over 40% of KBank (China)'s credit assets portfolio. At the same time, K-Tech is fully committed to working in collaboration with KBank (China) to develop the "Kasikorn Cross-Border Pass" strategy, which focuses on the ASEAN-China region. This strategy aims to provide comprehensive financial services to support the cross-market business expansion and investment activities of Chinese and ASEAN enterprises within the region.
Looking ahead, K-Tech will continue to maintain its spirit of innovation in the FinTech field, join hands with all parties to start a new chapter in cross-border financial services.
