State-owned holding enterprises refer to enterprises in which state capital equity accounts for a relatively high proportion of the total capital of the enterprise and is actually controlled by the state. Including absolute holding companies and relative holding companies. Absolute state-owned enterprises refer to enterprises whose state capital ratio is greater than 50% (inclusive), including state-owned enterprises that have not been restructured. A relatively state-owned enterprise refers to an enterprise in which the proportion of state capital is less than 50%, but is relatively higher than the proportion of other economic components in the enterprise (relative control), or is not larger than other economic components, but is actually owned by the state according to the provisions of the agreement. Control of the enterprise (agreement control).

Joint-stock insurance companies are insurance companies owned by shareholders in the form of a joint-stock system. Ownership is held by independent shareholders and is publicly traded. Shareholders only focus on the performance of their shares, that is, stock appreciation and stock dividends, that is, they focus on the short term. In a joint-stock insurance company, the interests of policyholders are higher than the dividends received by shareholders.

Response time: 2021-12-01. For the latest business changes, please refer to the official website of Ping An Bank.