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Ping An Insurance (Group), China’s largest insurer by market value, plans to leverage its proprietary technology that it has developed for its soon-to-open Hong Kong virtual bank, setting it apart from the rest of the crowd as it looks to expand globally, according to its co-chief executive.Ping An OneConnect Bank, one of eight firms that has been given a virtual bank licence by the Hong Kong Monetary Authority since March, is likely to be launched by the end of the year.


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