IGC issued a fresh signal.
1min read 21st Century Business Daily's reporter Liang Zhongrong Shenzhen Report
IGC(0033.HK) sent a new signal.
On July 18, IGC announced on its website that its subsidiary Deep Neural Computing Company (hereinafter referred to as "DNCC") signed a cooperation framework agreement with Hong Kong Yinxin Financial Technology Co., Ltd. (hereinafter referred to as "Yinxin"), aiming to use its AI trading algorithm technology to help its customers and their partners improve their asset management services.
It is worth noting that just a few days ago, on June 18, IGC and Saxo (a European full-licensed bank and leading fintech company) signed a framework agreement. Saxo is known as a "fintech pioneer", with client assets exceeding US$10 billion. According to the agreement, IGC and Saxo plan to jointly develop an upgraded online trading system and customer management, and strengthen the application of AI technology in their trading systems to increase their asset management (AUM) scale.
In just one month, IGC has signed two major cooperation agreements, fully demonstrating its market appeal and competitiveness in AI quantitative trading technology.
Reading the latest cooperation agreement, Yinxin is responsible for introducing cooperative institutions and high-net-worth customer networks to establish funds and introduce IGC's AI algorithm trading technology in the operation of funds.
In this cooperation, IGC will charge a certain proportion of fees according to the fund's profitability as revenue. Such business cooperation conditions reflect IGC and Yinxin's full confidence in the future technical profitability and expected management scale of cooperation.
According to the data, IGC is one of the leading AI quantitative trading in China, and continues to integrate advanced AI technology into financial trading practices, continuously exploring the deep integration of markets and algorithms, and providing clients with unparalleled trading experience and service efficiency.
Since April 2023, IGC has focused on the development and application of AI trading technology, and has taken steady steps. In January 2024, it successfully invested approximately HK$621 million to fully acquire DNCC, further consolidating its leading position in the field of AI algorithm technology.
DNCC is a company focused on the research and development of deep neural networks, artificial intelligence, distributed computing and quantitative trading algorithm, with a reputation for research and technical strength, and an annual profit of over HK$10 million.
The global asset management industry is affected by various geopolitical and economic factors, and is falling and fluctuating. The market urgently needs asset management capabilities that can provide stable returns, even create outstanding and stable returns. If IGC's trading technology advantages can accurately grasp this market cycle, it may become the next representative technology company. It is now uncertain, but it is worth continuing to pay attention.