Hundsun and Numerix Forge Strategic Partnership

*This press release has been translated from Mandarin 

Hundsun has entered into a strategic partnership with Numerix, a leading capital markets quantitative analytics technology provider and has become Numerix's exclusive partner in mainland China. This partnership will see Hundsun fully leverage its strengths, integrating Numerix's cutting-edge pricing and risk analysis engine with its mature asset management platform and bank financial market management platform. This comprehensive integration will provide domestic financial institutions with world-class integrated asset management capabilities, empowering them to upgrade their risk management and achieve breakthroughs in business innovation.

Numerix has garnered numerous accolades for its pricing engine, risk calculation models, and cross-asset analysis technologies. These technologies are characterized by their high precision, flexibility, and extensive coverage of various asset classes, and are widely utilized by many top-tier global banks, hedge funds, and asset management companies.

Leveraging its deep understanding of the actual needs of China's financial market, Hundsun will conduct in-depth adaptation and optimization of Numerix's analytical technologies and products alongside its asset management benchmark products and bank financial market management platform. This will enhance the product to better serve Chinese financial institution clients.

Through the integration of Numerix's technologies and products, Hundsun will further revolutionize its derivatives management capabilities. This advancement will enable more accurate, fair, and unified pricing and hedging analysis of complex structured derivatives. As a result, financial institutions will be better positioned to seize market opportunities and effectively manage risks. It will also strengthen risk management systems to meet cross-market and multi-scenario risk control requirements, enabling scientific management of counterparty risks and impairment losses, enhancing institutions' risk resistance capabilities, and better serving financial institutions' asset management and bank financial market operations.

In addition, the two parties will jointly promote the improvement of model validation efficiency and localized implementation by combining Numerix’s advanced analytics capabilities with Hundsun’s local delivery expertise. Professional financial engineering teams will provide calibration and validation services for pricing and risk models, accelerating the compliance, implementation, and market launch of new product models. Building on Hundsun's extensive experience in serving China's financial market, they will also assist Chinese financial institutions in successfully implementing and applying Numerix's technologies and products. By offering high-quality customer services that meet international standards while addressing domestic market needs, they will empower institutions to enhance their asset management capabilities.

Fang Xiaoming, Senior Vice President of Hundsun, stated that Hundsun has been deeply involved in the informatization of China's capital market for over 30 years. The current dynamic development and two-way opening of China's capital market impose higher demands on financial institutions' risk management and operational capabilities. "We are delighted to form this strategic partnership with Numerix, combining our leading platform capabilities and deep customer service advantages with internationally top-tier quantitative analysis technologies. This will enable us to serve Chinese financial institutions with more powerful and intelligent integrated asset management solutions and contribute to the enhancement of institutions' asset management capabilities and the high-quality development of the financial industry," he said.

Tom Lin, Chief Revenue Officer of Numerix, expressed his pleasure at the strategic partnership with Hundsun, China's leading fintech company. "By leveraging Numerix's cutting-edge pricing and risk analysis technologies, we aim to provide Hundsun and its financial institution clients with advanced asset management technology tools. The capital markets are evolving rapidly, and we believe this partnership will unleash tremendous potential. We look forward to jointly developing technologies and products to meet the development needs of Chinese financial institutions," he said.