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What type of enterprise is Ping An Insurance of China?

Ping An Insurance of China is a joint-stock listed company that belongs to the world's top 500 companies, but is not a central enterprise. On March 16, 2012, Li Yuanchao, then Minister of the Organization Department of the Central Committee of the Communist Party of China, announced that the following four insurance companies were upgraded to deputy ministerial-level state-owned enterprises: China Life Insurance; China Taiping Insurance (not Pacific); People's Insurance Company of China; and China Export and Credit Insurance Corporation.

Ping An Insurance (Group) Co., Ltd. of China (hereinafter referred to as "Ping An of China", "Ping An", "Company", "Group") was born in Shekou, Shenzhen in 1988. It is China's first joint-stock company The insurance company has now developed into an integrated, close-knit and diversified comprehensive financial services group integrating finance, insurance, banking, investment and other financial businesses.

In June 2017, the "BrandZ Top 100 Most Valuable Global Brands 2017" was announced, and Ping An of China ranked 61st; On July 31, the Fortune China 500 ranking was released, and China Ping An Insurance (Group) Co., Ltd. ranked fifth. In September 2017, Ping An Insurance (Group) Co., Ltd. of China ranked eighth among the top 500 Chinese companies in 2017.

Baidu Encyclopedia—Ping An Insurance (Group) Co., Ltd. of China