TOPIC

/ company

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

last updated:

30 September, 2024

Zhang Tao, then deputy managing director of the International Monetary Fund (IMF), speaking at the Peterson Institute for International Economics in Washington DC on October 5, 2016. Photo: Xinhua

Central banks

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

Zhang Tao, former PBOC deputy governor, is joining the Bank of International Settlements as its Asia-Pacific chief representative based in Hong Kong.

1 Jun 2022 - 5:44PM

Banking & finance

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

3 Nov 2021 - 12:00PM

Insurance

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

27 Jul 2021 - 11:38PMvideocam

Insurance

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

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

PICC

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

Zhang Tao, former PBOC deputy governor, is joining the Bank of International Settlements as its Asia-Pacific chief representative based in Hong Kong.

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

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

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.

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.

PICC to lift capital with 5.8b yuan rights issue

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.

There is life in the IPO

Engineering giant makes stellar debut on exchange

Share offerings expected to gain momentum

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

Foreign insurance firms expect strong growth in China

IPO Preview: PICC and the Powl

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.

Talking points

Era ends for mega mainland IPOs

IPO research: theory and practice

Hang Seng Index breaks 22,000 on hot money surge

State firms line up to back PICC listing

IPO preview: investment bank spin

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

Mixed reaction from investors for trading debuts in Hong Kong

PICC builds listing base on 17 cornerstone investors

PICC goes to market with a jumbo deal

Firms see bankers as key to listing success

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

IPO Preview: PICC

US$3b offering by state insurer PICC seen heating up Hong Kong market