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8 June 2018

Ping An Insurance and Sinochem Finance Company won winning titles in the Tao Zhu Gong Awards 2018

Ping An Insurance (Group) Company of China Limited and Sinochem Finance Company Limited were successfully awarded the Best Finance Company and the Most Effective use of IT awards respectively at the Tao Zhu Gong Awards 2018.

As part of the Tao Zhu Gong Awards 2018, organised by EuroFinance, SWIFT proposed two companies - Ping An Insurance (Group) Company of China Limited and Sinochem Finance Company Limited for nomination to an award. The companies were successfully awarded the Best Finance Company and the Most Effective use of IT awards respectively on the night of 20th March 2018 at the Kerry Hotel in Beijing.

The Tao Zhu Gong Awards are designed to recognise excellence and innovation in treasury and finance by companies operating in mainland China. Each award category acknowledges achievement in a key aspect of the treasury role - from liquidity management and funding, through to supply chain finance and best application of technology. 

Ping An Insurance (Group) Company of China Limited showcased the most innovative way of using technology to improve cash management and supply chain finance management among the nominees. Therefore they won the Most Effective use of IT title in the Tao Zhu Gong Awards 2018.

In parallel, the judging panel agreed that Sinochem Finance Company has demonstrated the best practice of integrated financing services. Aligning with their business development strategies, Sinochem showed concrete examples of helping member corporations to achieve treasury efficiencies. Therefore Sinochem Finance Company won the award of Best Finance Company.

SWIFT congratulates Ping An Insurance (Group) Company of China Limited and Sinochem Finance Company Limited.

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