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PING AN's Oneconnect, PCCW Vie for MPFA's System Digitalization Project, Selection within Aug Soonest: Report
The Mandatory Provident Fund Schemes Authority (MPFA) will select a consortium responsible for its system digitalization as soon as this month, Bloomberg reported. It was known that PING AN (02318.HK)-led Oneconnect Financial Technology and PCCW (00008.HK) are shortlisted at final stage of selection.
People familiar with the matter estimated the winner will gain approximately $37 billion of revenue in a decade, whereas the government had employed $3.3 billion to the program.
AAStocks Financial News
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