Ping An Insurance

Ping An Insurance (also known as Ping An of China) is a Chinese holding conglomerate whose subsidiaries mainly deal with insurance, banking, and financial services. The company was founded in 1988 and has its headquarters in Shenzhen.

History[edit | edit source]

Ping An Insurance was founded in 1988 by Ma Mingzhe, who also served as the company's CEO and Chairman. It was the first insurance company in China to adopt a shareholding structure. In 2002, it became the first Chinese insurer to list on the Hong Kong Stock Exchange.

Business Operations[edit | edit source]

Ping An Insurance operates through three main businesses: insurance, banking, and investment. The insurance business includes both life and non-life insurance services. The banking business is conducted through Ping An Bank, a subsidiary of Ping An Insurance. The investment business includes securities, trust, and asset management.

Subsidiaries[edit | edit source]

Ping An Insurance has several subsidiaries, including Ping An Bank, Ping An Securities, Ping An Trust, and Ping An Asset Management. These subsidiaries allow Ping An to offer a wide range of financial services, including insurance, banking, and investment services.

Recognition[edit | edit source]

Ping An Insurance has received numerous awards and recognition for its business operations and contributions to the financial industry. In 2019, it was ranked 7th on the Forbes Global 2000 list of the world's biggest public companies.