Ping An Insurance (Group) Company of China, Ltd., through its subsidiaries, provides financial products and services in the People’s Republic of China. INSURANCE The company engages in the property and casualty insurance business. The company provides insurance related services through its four subsidiaries, including: Ping An Life, Ping An Property & Casualty, Ping An Annuity and Ping An Health. Ping An Life: Ping An Life, through its 35 provincial branches and approximately 2,000 branch offices and outlets, provides individual and group customers with life insurance products. As of December 31, 2008, Ping An Life had approximately 36.49 million individual customers and 460,000 corporate customers. Ping An Annuity: Ping An Annuity provides clients with a portfolio of professional services including fiduciary management, investment management and account management. Ping An Health: Ping An Health is principally engaged in providing domestic and overseas corporate and individual customers with various health insurance products and professional services. Property and casualty insurance business The company conducts property and casualty insurance business mainly through Ping An Property & Casualty. Furthermore, Ping An Hong Kong also offers property and casualty insurance service in the Hong Kong market. BANKING The company conducts its banking business through Ping An Bank. Ping An Bank provides various products and services, including deposits, loans, foreign exchange, credit cards and wealth management. Ping An Bank is extending its nationwide presence, with branches extending from its Shenzhen headquarter to Shanghai, Fuzhou, Quanzhou, Xiamen and Hangzhou. INVESTMENT Ping An Asset Management, Ping An Asset Management (Hong Kong), Ping An Securities and Ping An Trust together form the investment and asset management platform of the company. Ping An Asset Management and Ping An Asset Management (Hong Kong) manage the company's insurance funds, as well as investment assets of other Ping An subsidiaries. In addition, the two companies provide products and services for other investors. Ping An Trust and Ping An Securities provide customers with asset management services, including wealth management products and trust schemes. The company invested its managed assets not only in the capital market but also in other sectors, such as infrastructure, property and direct equity investments. Ping An Securities provides brokerage, investment banking and financial advisory services. History Ping An Insurance (Group) Company was founded in 1988. The company was formerly known as Ping An Insurance Company of China, Ltd. and changed its name to Ping An Insurance (Group) Company of China, Ltd. in April 2002.
ping an insurance group co-h
Galaxy Development Center
Offices at 15, 16, 17, 18 Floors
Fu Hua No. 3 Road
Phone: 86 40 0886 6338
Fax: 86 755 8243 1029www.pingan.com
|Bank of China Ltd||CNY3.82 CNY||-0.09|
|China Construction Bank Corp||CNY5.41 CNY||-0.09|
|China Merchants Bank Co Ltd||CNY13.94 CNY||-0.27|
|China Pacific Insurance Group Co Ltd||CNY31.92 CNY||-0.70|
|People's Insurance Co Group of China Ltd||$3.89 HKD||+0.03|
|View Industry Companies|
Sponsored Financial Commentaries
To contact PING AN INSURANCE GROUP CO-H, please visit www.pingan.com. Company data is provided by Capital IQ. Please use this form to report any data issues.