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What is the definition of a comprehensive financial service institution?
Financial institutions can provide various financial services, including banking, insurance and securities. At present, only Ping An Group in China has basically reached the level of comprehensive financial group. China Ping An, through its specialized subsidiaries and business divisions, is China Insurance Co., Ltd., China Ping An Life Insurance Company of China Insurance Company (Ping An Life Insurance Company of China, China), China Ping An Property Insurance Co., Ltd. (Ping An Property Insurance), Ping An Pension Insurance Co., Ltd. (Ping An Pension Insurance) and Ping An Health Insurance Co., Ltd. (Ping An Health Insurance). Shenzhen Development Bank Co., Ltd. (Shenzhen Development Bank), Ping An Bank Co., Ltd. (Ping An Bank) and Ping An Property & Casualty Credit Guarantee Insurance Division (Ping An Small Consumer Credit); Ping An Trust Co., Ltd. (Ping An Trust), Ping An Securities Co., Ltd. (Ping An Securities) and China Ping An Securities (Hong Kong) Co., Ltd. (Ping An Asset Management), China Ping An Futures Co., Ltd. (Ping An Futures) and Ping An Dahua Fund Management Co., Ltd. provide insurance, banking and investment services to more than 60 million customers under a unified brand through a multi-channel distribution network.