Introduction: Ping An Insurance (Group) Co., Ltd. of China (hereinafter referred to as "Ping An of China") is China's first insurance-focused insurance company that integrates securities, trusts, banking, asset management, corporate annuities and other diversified financial businesses.
, an efficient and diversified comprehensive financial services group.
Founded in 1988 and headquartered in Shenzhen.
In June 2004 and March 2007, the company was listed on the main board of the Hong Kong Stock Exchange and the Shanghai Stock Exchange, with the stock name "China Ping An" and the Hong Kong Stock Exchange stock code 2318; the Shanghai Stock Exchange stock code is 601318.
The company holds shares in the establishment of Ping An Life Insurance Company of China Co., Ltd. ("Ping An Life"), Ping An Property & Casualty Insurance Co., Ltd. of China ("Ping An Property & Casualty"), Ping An Pension Insurance Co., Ltd., Ping An Asset Management Co., Ltd., and Ping An Health Insurance Co., Ltd.
Ltd., and controls China Ping An Insurance Overseas (Holdings) Co., Ltd., Ping An Trust Investment Co., Ltd. ("Ping An Trust"), and Shenzhen Ping An Bank.
Ping An Trust legally controls Ping An Securities Co., Ltd. Ping An Overseas controls China Ping An Insurance (Hong Kong) Co., Ltd. and China Ping An Asset Management (Hong Kong) Co., Ltd. according to the law.
As of December 31, 2007, in accordance with International Financial Reporting Standards (IFRS), the group's total assets were RMB 691.298 billion and total equity was RMB 113.851 billion.
According to Chinese accounting standards, the group's total assets were RMB 651.104 billion and shareholders' equity was RMB 109.218 billion.
In April 2007, the "Forbes Global 2000" ranking list of the world's top 2000 listed companies was announced. Ping An entered the world's top 500 for the first time, ranking 440th, an increase of 97 places from 2006; among the 114 insurance companies in the world,
Ranked 36th among the list; ranked 11th among the 44 Chinese companies on the list, and ranked first among non-state-owned enterprises.
Through its professional subsidiaries***, the company provides various financial services such as insurance protection, investment and financial management to approximately 40.95 million individual customers and approximately 1.97 million corporate customers.
The group has approximately 301,800 life insurance sales staff and more than 70,000 formal employees, as well as more than 3,000 branches and marketing service departments at all levels.
In 2007, in accordance with International Financial Reporting Standards, the group achieved total revenue of RMB 137.051 billion and net profit of RMB 19.219 billion.
In terms of premium income, Ping An Life is the second largest life insurance company in China, and Ping An Property & Casualty is the third largest property and casualty insurance company in China.
Legal representative: Lai Jianwen Date of establishment: 2003-02-24 Registered capital: Region: Guangdong Province Unified Social Credit Code: 91440300746632784W Business status: Continuous (in operation, open, registered) Industry: Financial industry Company type: Co., Ltd.
English name of the branch: Ping An Life Insurance Co., Ltd. Staff size: 500-999 people Company address: 19, 20, 21 entire floors and
Business scope of No. 01, Floor 05, Podium Building: ^Underwriting various personal insurance businesses in RMB and foreign currencies, including various types of life insurance, health insurance (excluding "group long-term health insurance"), accident insurance and other insurance businesses; handling the above business
Reinsurance business; handling various statutory personal insurance businesses; acting as an agent for inspections, claims settlement and other entrusted matters of domestic and foreign insurance institutions; engaging in fund utilization business in accordance with relevant laws and regulations; securities investment fund sales business; other businesses approved by the China Insurance Regulatory Commission
.