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PICC

PICC

People’s Insurance Company of China Group (PICC) was founded in 1949, and has 2.42 million institutional insurance clients and about 130 million individual insurance customers. It is controlled by China’s Ministry of Finance, with an 88.7 per cent stake, while the National Social Security Fund (NSSF) holds the remaining 11.3 per cent. It was due to hold an initial public offering in Hong Kong in November 2012.

Chairman / President

Wang Yanke

CEO / Managing Director

Zhao Peng

CFO / Finance Director

Zhou Houjie

Industry

Insurance

Website

picc.com

Headquarters address

No. 9 Fuxingmennei Avenue, Xicheng District, Beijing 100036, China

Stock Code

SEHK:2333
SSE:601319

Year founded

1949

A Yivtol electric vertical take-off and landing (eVTOL) aircraft at InnoEx 2026 at the Hong Kong Convention and Exhibition Centre in Wan Chai on April 14, 2026. Photo: Eugene Lee

Shenzhen aircraft takes flight in Hong Kong under pioneering insurance plan

Shenzhen’s eVTOL aircraft secures cross-border insurance for Hong Kong flights, boosting the Greater Bay Area’s low-altitude economy.

21 Jul 2026 - 5:29PM

China stock market

Chinese stocks rise amid state-backed insurers’ long-term investments

21 Jul 2026 - 4:19PM

Former PBOC deputy governor lands top role at Bank of International Settlements

1 Jun 2022 - 5:44PM

Banking & finance

Ping An, PICC lag global peers in exiting coal underwriting, reports says

Chinese insurers lag global peers and must catch-up when it comes to restricting coal underwriting, study says.

3 Nov 2021 - 12:00PM

Henan floods to trigger record insurance claims of US$1.7 billion

The Henan floods are likely to see total insurance claims of as much as 11 billion yuan (US$1.7 billion), possibly making it the largest natural catastrophe for insurers in China’s history.

27 Jul 2021 - 11:38PMvideocam

China transfers US$4.7 billion of PICC shares to fix pension shortfall

China is facing a widening shortfall in pensions schemes as the population ages and debt pressure rises.

13 Mar 2019 - 10:43PM

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Chinese insurer PICC P&C's first-half profit rises 16.8pc on underwriting

PICC P&C, the mainland's largest non-life insurer, said its net profit in the six months to June totalled 7.6 billion yuan (HK$9.7 billion), according to a Hong Kong stock exchange filing yesterday. That beat expectations for a 34 per cent profit drop.

27 Aug 2013 - 4:25AM

PICC to lift capital with 5.8b yuan rights issue

22 May 2013 - 3:20AM

Doubt cast on PICC health unit's huge loss

PICC Health Insurance, controlled by Hong Kong-listed PICC Group and DKV, the largest private health insurance company in Europe, said last year's net losses amounted to 7.43 trillion yuan (HK$9.35 trillion), more than 200 times its 28.93 billion yuan in assets.

2 May 2013 - 3:47AM

There is life in the IPO

31 Dec 2012 - 4:58AM

People's Insurance Co. of China Group (PICC) raised US$3.6 billion in a Hong Kong listing earlier in the month. Photo: Bloomberg

Engineering giant makes stellar debut on exchange

22 Dec 2012 - 2:36AM

Yang Wansheng intends to continue his firm's overseas expansion.

Share offerings expected to gain momentum

30 May 2016 - 5:01PM

PICC's debut success kicks China Silver and CIMC into action

14 Dec 2012 - 3:00AM

Foreign insurance firms expect strong growth in China

30 May 2016 - 5:01PM

Charoen Pokphand, a diversified group, is a major food processor and to be a big shareholder of Ping An Insurance. Photo: Reuters

IPO Preview: PICC and the Powl

10 Dec 2012 - 2:28AM

Potential Powl clients. Photo: EPA

PICC jumps in debut trading, lifted by strong retail demand

Shares of Chinese insurer PICC rose sharply on its debut on Friday as retail investors flooded in to speculate after Hong Kong's biggest IPO in two years.

7 Dec 2012 - 5:41PM

Talking points

7 Dec 2012 - 4:22AM

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Era ends for mega mainland IPOs

30 May 2016 - 5:01PM

The US$3.1 billion initial public offering of People's Insurance Co (Group) of China was the largest in Hong Kong in two years. Photo: Bloomberg

IPO research: theory and practice

3 Dec 2012 - 4:26AM

Hang Seng Index

Hang Seng Index breaks 22,000 on hot money surge

20 Jun 2018 - 5:30PM

State firms line up to back PICC listing

29 Nov 2012 - 4:49AM

Investors are cautious about PICC's growth strategy. Photo: Reuters

IPO preview: investment bank spin

26 Nov 2012 - 2:17AM

Property insurer PICC Group hopes to raise US$3.6 billion. Photo: Bloomberg

Opinion | There is little comfort from the line-up of main investors

24 Nov 2012 - 3:59AM

Mixed reaction from investors for trading debuts in Hong Kong

24 Nov 2012 - 3:59AM

PICC builds listing base on 17 cornerstone investors

23 Nov 2012 - 1:50PM

PICC plans to sell 6.9 billion new shares, which is equivalent to 16.67 per cent of the enlarged capital. Photo: Bloomberg

PICC goes to market with a jumbo deal

17 Nov 2012 - 4:13AM

The insurer will hit the road on Thursday to promote its share offering. It hopes to raise US$3 billion or more. Photo: Bloomberg

Firms see bankers as key to listing success

14 Nov 2012 - 9:16AM

Five firms plan to raise US$613m in Hong Kong as investor sentiment picks up

13 Nov 2012 - 5:01AM

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