Ping An’s Fintech Unit Files for Hong Kong Share Trading

What’s new: OneConnect Financial Technology Co. Ltd., a fintech unit of financial conglomerate Ping An Insurance (Group) Co. of China Ltd. (601318.SH), filed with the Hong Kong Stock Exchange Monday seeking to trade its shares in the city.

OneConnect plans to debut in Hong Kong by introduction — a way for publicly traded companies with good compliance to trade their existing shares on another bourse. This means the New York-traded business will not sell any fresh shares or raise any money from the move.