The news has a certain weight, given that we are talking about one of the new emerging Chinese technological giants, so the fact that it has decided to update its request for an initial public offering (IPO) with the SEC, bringing it from 100mln dollars up to half a billion is not exactly a trivial matter; the request was filed on December 2, and concerns OneConnect, a subsidiary of financial technology of the Chinese insurance giant Ping An (the world's largest global insurance brand and considered the largest Chinese insurer, with $ 94bn in revenue and market capitalization is of 180 billion dollars). Founded in Shenzhen in 1988, as the first joint-stock insurance company in China, Ping An now has around 138 million customers and dozens of subsidiaries, including OneConnect; after all that Peter Ma Mingzhe (the president of Ping An) was going to turn the whole group into a technology company within a decade was well known, what is surprising is that everything is happening so fast.

OneConnect, which is now seeking liquidity on the markets for half a billion dollars, defines itself as a leading technology platform for financial institutions in China, to which it provides solutions and support in the digitization process aimed at optimizing profits, managing risks, improve the efficiency and quality of services rendered; as can be read on the company website at this time OneConnect boasts a consolidated experience and high technological capabilities in areas such as artificial intelligence in financial analysis, big data analysis and blockchain services that have produced the registration of 3,392 well patent applications both in China and abroad. Clearly, on the company website, with the typical flamboyant tones that Chinese companies have accustomed us to, OneConnect shows its muscles and lists some of the 23 international awards won in the last year, including the IDC Global Blockchain Award and the BAI Global Insurance Certification Award, is currently positioned at the eleventh place of the Fintech 100 of 2018, the annual ranking compiled by KPMG; with these titles, therefore, it presented itself to the SEC to quadruple the value of its IPO