Credit cards are banking business. New China Insurance sells insurance. How can it be possible to apply for a credit card? Banking and insurance both belong to the large financial industry, but the differences between them are very obvious. Moreover, our country adopts the method of separate operation and supervision. It is absolutely impossible for insurance companies to say that they can apply for credit cards.

I just read the two answers above (actually downstairs, I read their answers and modified my own). It is obvious that both of them lack understanding of basic financial knowledge. Ping An is currently a large financial group, including Ping An Insurance and Ping An Bank. Ping An Bank can apply for credit cards for customers, but Ping An Insurance cannot. Ping An Group cannot be equated with Ping An Insurance. Even if Xinhua develops into a financial group in the future, only banks affiliated to Xinhua Group will be eligible to apply for credit cards in the future, because this is banking business; insurance companies under Xinhua Group will also not have the right to apply for credit cards in the future.

As for saying that New China Insurance has a registered capital of several hundred billion, that is even more nonsense. Do you know what it means to have a registered capital of several hundred billion? ! The registered capital of New China Insurance when it was established was 1.2 billion. By 2009, the total assets of the entire New China Insurance were only 200 billion. The registered capital of several hundred billion is just talking nonsense and lacks the most basic financial common sense.

It doesn’t matter if you don’t understand, don’t come out to fool people!