On May 21st, 1988, China Ping An was founded in Shenzhen with 51% and 49% Ping An Insurance respectively invested by Industrial and Commercial Bank of China and China Merchants. In 1989, Ping An set up an employee risk fund called "Let employees hold part of the equity", which is "one glory and one loss" with the enterprise. Due to the change of national policy, it was renamed as employee joint stock fund company in 1992, and was renamed as Xinhaoshi Investment Development Co., Ltd. again in 1996.

in 1993, international investment banks Goldman Sachs and Morgan Stanley joined hands in Ping An, each holding 5.56% of the shares. Immediately, Ping An made a private placement of shares nationwide at the price of 6 yuan per share, which increased the number of shareholders to more than 7. In 1997, Ping An implemented the shareholding system reform, and China Ocean Shipping (Group) Company and Shenzhen Finance Bureau began to enter the public eye, and together with ICBC, China Merchants and Xinhaoshi, they became the five major sponsors. The background of Shenzhen Finance Bureau's shareholding was that the policy still allowed investment in the financial industry at that time, and Shenzhen also saw Ping An's development potential, so it asked Ping An for shareholding several times, but it was rejected by Ping An. With the development of the company to a certain scale and moving into the center of Shenzhen, Ping An became more and more dependent on local support, and agreed to the Shenzhen Finance Bureau to take a stake of about 5.2%. The joining of China Ocean Shipping Group is brokered by China Merchants. At that time, the two companies were both under the jurisdiction of the Ministry of Communications, and they joined Ping An with China Merchants, and gave many insurance businesses of COSCO Group (including ship and cargo insurance) to Ping An. At this time, ICBC and China Merchants have the highest shareholding, which is estimated to be around 15%; Goldman Sachs and Morgan Stanley also increased their shareholding to 7.63%.

in 1999, ICBC withdrew from the financial industry due to national policy requirements and transferred all its shares to Shenzhen investment management company.

Around 22, COSCO Group and China Merchants also sold their 9.9% and 14% shares respectively, so far, all three promoters have withdrawn from Ping An Insurance.

in October, 22, HSBC invested 6 million US dollars to participate in 1% of Ping An, becoming the second largest shareholder. At this time, the third largest shareholder of Ping An Insurance was replaced by Jiangnan Industry. Ping An explained that Jiangnan Industrial and Xinhaoshi are both employee-owned organizations, and the actual ultimate controlling shareholders are Ping An Insurance Union, Ping An Securities Union and Ping An Trust Union. The employee stock ownership plan holds 69.11% and 98.15% shares of Jiangnan Industry and Xinhaoshi respectively. At this time, two natural person-controlled enterprises, Yuanxinxing Investment and Baohua Group, also entered Ping An respectively, holding 7.7% and 6.74% shares respectively. Jiangnan Industry and Xinhaoshi * * * hold 17.61% equity of Ping An.

In p>23, Shenzhen Investment Management Company, Ping An's largest shareholder with 16.9% shares, listed and sold 88 million shares in Shenzhen Stock Exchange, accounting for 3.6% of Ping An's total share capital, in order to meet the policy and regulations that the single shareholder of insurance industry should not hold more than 1% shares and the strategic restructuring of Shenzhen state-owned enterprises. At that time, the buyer was Shenzhen Liye Group Co., Ltd. From the disclosure of Ping An's listing prospectus, this part of the equity has been transferred, which reduced the equity of Shenzhen Investment Holding Co., Ltd. to 12.49% before listing. Also for the need of strategic reorganization of state-owned enterprises in Shenzhen, Shenzhen Finance Bureau, which holds 6.93% of the shares, also transferred all its shares to Shenzhen Liye Group Co., Ltd. with the background of state-owned assets.

Up to now, the top ten shareholders of Ping An in China are:

1, HSBC Insurance Holdings Limited 7.82%

2, Hongkong and Shanghai Banking Corporation Limited 7.76%

3, Shenzhen Investment Holdings Limited 6.8%

4, Yuanxinhang Investment Limited 4.8%

5, Linzhi Xinhaoshi Investment Development Co., Ltd. 4.3%

6, Linzhi Jingao Industrial Development Co., Ltd. 3.46%

7, Shenye Group Co., Ltd. 2.27%

8, Shenzhen Wuxin Yufu Industrial Co., Ltd. 2.22%

9, Gongbu Jiangda Jiangnan Industrial Development Co., Ltd. 1.76%

1, Shenzhen