Ping An Insurance
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Ping An Insurance

Ping An Insurance
Ping An Insurance
Ping An Insurance is a financial conglomerate with holdings in banking, asset management, healthcare and insurance. The company, which has roots in the property and casualty insurance sector in Shenzhen, is China's largest insurer by market capitalisation.
Chairman / President
Ma Mingzhe
CEO / Managing Director
Xie Yonglin
CFO / Finance Director
Zhang Zhichun
Industry
Financial Services
Website
pingan.com
Headquarters address
Ping An Finance Centre, 5033 Yitian Road, Futian District, Shenzhen, Guangdong 518048, China
Stock Code
SEHK:2318
SSE:601318
Year founded
1988
A Hong Kong shop of Chow Tai Fook, which raised US$1.1 billion from convertible bonds last week, is pictured on March 24, 2025. Photo: Jelly Tse
Bonds

Chinese firms drive US$13 billion Asian boom in convertible bonds

Appetite for equity-linked debt is strong amid global volatility, even with aggressive terms, analysts say.

Bonds

Chow Tai Fook Jewellery seeks US$1 billion from convertible bond sale

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Bonds

China’s Ping An raises US$1.5 billion from convertible bonds to fund growth

IPO

CATL’s dilemma: top-of-the-range Hong Kong IPO price may cap first-day gains

EV battery maker’s 6.7 per cent discount to its Shenzhen-traded shares is much lower than the average 25 per cent discount for dual-listed Chinese firms.

CATL is expected to raise HK$35.66 billion from the sale of 135.6 million shares at HK$263 apiece. Photo: Reuters
Hong Kong stock market

Hong Kong stocks retreat on mixed Tencent results, profit-taking

After an 18 per cent rally on the Hang Seng Index from an April low, investors are worried that the run-up was too fast.

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Insurance

Exclusive | China’s Ping An is eyeing a bigger slice of Hong Kong’s insurance market

The insurer is weighing different entry strategies that include applying for a new licence, partnerships and acquisitions.

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Banking & finance

BOC Life offers insurance plans for clients seeking to retire in mainland cities

Around 88,000 Hongkongers aged 65 or above were living in southern Guangdong province in 2022, 11 per cent more than in 2017.

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Hong Kong insurers are offering more services to cover senior citizens. Photo: Handout.
Banking & finance

HSBC to rejig into 4 business units, calls Hong Kong ‘strategic priority’

Bank says HSBC and Hang Seng will ‘remain very separate in the way they compete’ for business in the city.

Banking & finance

HSBC tops global dividend payout list; Asia-Pacific lags behind rest of world

HSBC emerged as the world’s largest dividend payer last quarter, China Mobile led Hong Kong peers as Asia-Pacific firms trailed rest of the world.

Insurance

Buyers from mainland China drive record Hong Kong life insurance sales

Sales surge 12 per cent to US$14.9 billion as mainland visitors continue buying spree to chase better returns and hedge the yuan.

Tourists crowd the Avenue of the Stars at Victoria Harbour in Tsim Sha Tsui during the ‘Golden Week’ holiday period on October 2, 2023. Photo: May Tse
Banking & finance

Exclusive | HSBC’s London-based CEO starts work in Hong Kong. Here’s why

A Mandarin-speaking chief executive may go some way to help HSBC mend ties with its biggest shareholder Ping An Insurance (Group), which has been agitating to break up the bank since 2022.

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HSBC’s logo at Pedder Street in Hong Kong’s Central district on May 5, 2023. Photo: Yik Yeung-man
Insurance

Exclusive | Ping An eyes services for Hongkongers retiring to Greater Bay Area

China’s largest insurer sees opportunities serving Hongkongers who are living in the mainland cities of the Greater Bay Area – a group that has grown 11 per cent in the last five years.

Insurance

Ping An Insurance beats forecasts with best profits in 4 years on robust sales

China’s biggest insurer reported a 6.8 per cent gain in interim earnings, its best half-yearly performance in four years amid analysts’ pessimistic forecasts.

Bonds

China’s top insurer Ping An seeks US$3.5 billion via convertible bond sale

Company joins a raft of Chinese firms including JD.com, Alibaba and Trip.com in tapping the cheaper funding source amid high interest rates.

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The logo of Ping An Insurance is seen at a Beijing event in April 2018. Photo: Reuters
Banking & finance

China’s Ping An sells US$50 million in HSBC shares after protest vote

Insurer has sold about 5.6 million HSBC shares, reducing its stake in the lender to 7.98 per cent from 8.01 per cent, according to an exchange filing.

The Ping An Financial Center stands in Shenzhen, China, on May 7, 2024. Photo: Bloomberg
Banking & finance

Exclusive | Ping An exploring ways to expand in Hong Kong, Greater Bay Area: co-CEO

Ping An, China’s largest insurer by market capitalisation, is exploring ways to further expand operations in Hong Kong and the Greater Bay Area, its newly appointed co-CEO said.

Insurance

Chinese insurance giant Ping An’s profit falls to 5-year low

Ping An, China’s largest insurer by market capitalisation, said its earnings fell for 2023 to their lowest level in five years, as strong sales of new policies were offset by setbacks in its asset management and technology investment businesses.

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China property

China’s Ping An Bank names 41 mainland developers in funding support list

The Chinese lender has put 41 developers on a list of property firms eligible for its funding support, a shift towards more lending to a sector in crisis following government steps to staunch the pain.

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Ping An Bank has told its departments and branches to extend full lending support to developers that are operating normally. Photo: Bloomberg
China property

Ping An denies reports it will take over Country Garden and assume its debts

Ping An Insurance denies report that it has been asked by Beijing to take over Country Garden and assume the distressed developer’s debts, and confirmed it holds no shares in the company.

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Banking & finance

Exclusive | Ping An Insurance sees medical, healthcare as growth engine in next decade

Ping An Insurance (Group) will focus on medical services and healthcare coverage over the next 10 years to capture the opportunities in China’s ageing population, co-CEO Jessica Tan says

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Insurance

Ping An’s profit slips 1% as tech earnings drop offsets new policy sales

China’s largest insurer by market cap reported a 1.2 per cent decline in first-half profit, as strong sales of new insurance policies were offset by a sharp fall in earnings in its asset management and technology businesses.

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Ping An Insurance is China’s largest insurer by market capitalisation. Photo: Reuters
Banking & finance

HSBC’s second-quarter profit beats estimates on gains from higher interest rates

HSBC’s pre-tax profit was US$8.77 billion, ahead of US$7.96 billion expected by analysts, as it benefited from a strong interest rate environment.

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Pedestrians walk past a HSBC branch on Pedder Street in Central. Photo: Yik Yeung-man
Banking & finance

Hong Kong virtual bank Ping An OneConnect to expand lending to retail SMEs

Ping An OneConnect Bank, the Hong Kong virtual lender indirectly owned by Ping An Insurance, plans to increase lending to SMEs in the retail sector to capture growth opportunities in the post-Covid-19 era, its CEO said.

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Banking & finance

What next for HSBC after stopping Ping An from carving up top Hong Kong lender?

HSBC’s Asia operations are ‘motoring’ as the lender looks to future growth from its biggest revenue driver, but will the bank’s improved performance and promises of bigger dividend payout be enough to satisfy unhappy investors?

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Banking & finance

HSBC investors reject proposal to spin off Asia business, raise dividends

A group of minority shareholders had called for the bank to consider radical change, including spinning off its Asia business. HSBC’s biggest shareholder Ping An Insurance Group has also been pushing the lender to make changes to enhance shareholder value.

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Minority shareholders had called for the bank to consider radical change, including an overhaul of its structure. Photo: Jelly Tse
Banking & finance

Our strategy is working, CEO says as HSBC posts better-than-expected first quarter

HSBC’s pre-tax profit rose to US$12.9 billion, beating analysts’ expectations. The bank said it would pay its first quarterly dividend since 2019 of 10 US cents a share.

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The headquarters of HSBC in Hong Kong. Photo: Sam Tsang
Banking & finance

Ping An continues war of words with HSBC over proposed Asian arm listing

Ping An Insurance Group, China’s biggest insurer, said its recommendation to list HSBC’s Asian operations in Hong Kong would not result in value destruction or higher costs for the bank.

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Banking & finance

HSBC pushes back on Ping An’s claims on spin-off of Asian business

Structural reforms proposed by Ping An Insurance Group, including a spin-off of HSBC’s Asian business, would “significantly dilute” HSBC’s international business model, the London-based lender said.

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