KN Group Becomes a Strategic Enterprise in Hong Kong Pioneering the Future of Financial Technology

(Hong Kong, November 11, 2024) The Office for Attracting Strategic Enterprises (OASES) orchestrated the OASES Partnership Signing Ceremony today, where 17 strategic enterprises, including KN Group, participated in the signing in the presence of the Financial Secretary, Mr Paul Chan. Together with approximately 50 strategic enterprises previously attracted, they will invest about $42 billion in total over the coming years, creating over 17000 jobs. They will also actively attract upstream, midstream, and downstream partners from their industry chains to come to Hong Kong.

Mr. Chan stated in his blog post yesterday that the strategic enterprises signing this time come from mainland China, the United States, and Europe. Among them, KN Group is an artificial intelligence company focused on big data in the financial field. He also attended the opening ceremony of its global headquarters in Hong Kong last month. KN Group, which has been delivering cutting-edge AI and data-driven financial services to international markets, has strategically chosen Hong Kong as the cornerstone of its global operations this year. With a clear vision of 'rooted in Hong Kong, covering ASEAN, and looking to the world,' the group has already set up its international treasury center and R&D hub in the city. Leveraging Hong Kong's strategic geographical and market position to reach the ASEAN market, KN Group is poised to enhance the dialogue and collaboration between Hong Kong and the ASEAN region, particularly in the innovative intersection of 'AI + finance.'

Mr. Wang Yi, Senior Vice President of KN Group, expressed during the signing ceremony: "We are deeply honored to be one of the strategic enterprises partners of the OASES. KN Group is committed to harnessing the most advanced artificial intelligence technology to drive innovation and development in financial services. We believe that establishing our base in Hong Kong will provide convenient conditions for our group's international development, which is beneficial for us to explore more opportunities for business expansion."

KN Group was founded in 2014, over the past decade, accumulated an unparalleled big data model of consumer behavior through extensive user data analysis. This has empowered various licensed financial institutions with technological capabilities. Based on the group's self-developed AI risk control models and extensive model experience, KN Group has accumulated credit assessments of hundreds of millions of individuals; serves over 60 million people worldwide; and has over 200 global partner institutions. It has grown into a leading technology group integrating artificial intelligence innovation and global financial services.

Looking ahead, with the comprehensive and one-stop services provided by OASES and other relevant government departments, KN Group anticipates working with all partners to promote growth in the field of innovation and technology, contributing to the overall economic development of Hong Kong.