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18-529: Ping An Insurance bought the controlling stake in Shenzhen Development Bank in 2011, from Newbridge Capital (16.76%) and from the general public, as well as subscribing new share by injecting Ping An Bank into Shenzhen Development Bank as its subsidiary. In 2012, the bank was reserved merger with Ping An Bank. This Asian bank-related article is a stub . You can help Misplaced Pages by expanding it . This Chinese corporation or company article

36-581: A 48% stake in Chinese car website Autohome Inc. from Telstra Corp. for $ 1.6 billion. In February 2018, three technology subsidiaries of Ping An completed private placement financing, which received positive responses particularly from international institutional investors. They were Ping An Healthcare and Technology Company Limited, Ping An Medical and Healthcare Management Co., Ltd and OneConnect Financial Technology Co., LTD. In June 2019, Ping An One Connect Bank officially commenced operation after receiving

54-562: A Service (HaaS) enterprise, an integrated medical and healthcare platform for public health and patients. The joint venture is a collaboration between the Ping An and Shionogi on drug research, development, production and sales. In October 2021, Ping An Bank rolled out services under the Cross-boundary Wealth Management Connect pilot scheme. In January 2022, Ping An Life (a subsidiary of Ping An) received approval from

72-583: A large equity interest in Ping An. In early 2008, Ping An agreed to take a 50% share in Fortis Investments, a subsidiary of Fortis , which had taken over ABN AMRO Asset Management as a result of the split up of ABN AMRO in late 2007; the deal was canceled in October 2008. In June 2009, Ping An became a strategic investor in Shenzhen Development Bank , (now part of Ping An Bank ). In 2012,

90-658: A listing on the Shanghai Stock Exchange as SSE: 601318. Since 19 June 2023, its yuan-denominated shares has a listing on the Stock Exchange of Hong Kong as SEHK: 82318. Ping An replaced Anhui Expressway in the Hang Seng China Enterprises Index (HSCEI) in 2004. The Hang Seng Index Services Company announced on 11 May 2007, that Ping An would join as Hang Seng Index Constituent Stock effective on 4 June 2007. Ping An has operations across all of

108-441: A mix of business lines, including life insurance, P&C insurance, banking and securities. The company invests 1% of its revenues into R&D each year to branch out its businesses, adopt technology and support the building of its healthcare and senior care ecosystem. Since the mid-1990s, Ping An has been subsequently taken investments from overseas firms such as Morgan Stanley and Goldman Sachs in 1994. In 2002 HSBC took

126-696: A virtual banking license from the Hong Kong Monetary Authority in May 2019. In December 2019, OneConnect Financial Technology was listed on the New York Stock Exchange. In 2019, Ping An became the first insurance company from mainland China to be selected for the Dow Jones Sustainability Emerging Markets Index (DJSI). In October 2020, Lufax , one of China's leading online wealth management platform, listed on

144-464: Is a stub . You can help Misplaced Pages by expanding it . Ping An Insurance Ping An Insurance known also as Ping An of China ( simplified Chinese : 中国平安 ; traditional Chinese : 中國平安 ; pinyin : Zhōngguó Píng Ān ), full name Ping An Insurance (Group) Company of China, Ltd. is a Chinese financial services holding company whose subsidiaries provide insurance , banking , asset management , financial services. The company

162-489: Is a publicly listed company. As of 30 June 2024, CP Group Ltd. indirectly held 964,427,077 H shares of the Company, representing approximately 5.30% of the total share capital of the Company. Ping An has the classification of a civilian-run enterprise . Richard McGregor , author of The Party: The Secret World of China's Communist Rulers , said that "the true ownership of large chunks of its shares remains unclear" and that

180-582: Is a technology-as-a-service platform for financial institutions. The company was listed on the New York Stock Exchange in 2019 ( NYSE :  OCFT ). OneConnect is an associate of Ping An Group . As of June 30, 2020, OneConnect had served all of China’s major banks, 99% of its city commercial banks, and 53% of its insurance companies. In the same year, it was added to the FTSE Global Equity Index Series . In September 2018,

198-853: The CBIRC for its investment in New Founder Group. In July 2022, OneConnect (Ping An's fintech subsidiary) listed on the main board of the Hong Kong Stock Exchange by way of introduction and dual-primary listing. In February 2023, Ping An Bank Hong Kong Branch was granted an insurance agency license by the Hong Kong Insurance Authority. In November 2023 it was entered into the MSCI KLD 400 Social Index . As of June 30, 2024, Ping An has grown its health ecosystem in China by partnering with

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216-516: The New York Stock Exchange. In May 2021, Ping An released the Ping An Zhen Yi Nian healthcare brand. The product line was mainly targeted at supporting urban elderly care communities, and integrates corporate finance, medical care and health technology. In July 2021, Ping An and Shionogi signed agreements to launch joint ventures in Shanghai and Hong Kong. Ping An-Shionogi is a Healthcare as

234-563: The People's Republic of China, and in Hong Kong and Macau through Ping An Insurance Overseas. Lufax, OneConnect and Ping An Good Doctor have now expanded overseas. OneConnect serves 100+ customers in 20 countries and regions mainly in Southeast Asia. OneConnect Financial Technology OneConnect Financial Technology Co., Ltd. (OneConnect; Chinese : 金融壹账通 ; pinyin: Jinróng yīzhàngtōng)

252-673: The Shanghai Stock Exchange. It is also a constituent stock of Hang Seng Index, an index of the top companies in the Hong Kong Stock Exchange. Ping An Insurance was also included in the pan-China stock indices CSI 300 Index, FTSE China A50 Index and Hang Seng China 50 Index. Ping An Insurance Group started off in 1988 as a property and casualty insurance company, later diversifying into insurance, banking, asset management, financial services and healthcare services. Ping An has licenses to offer financial services, including insurance, banking, trusts, securities, futures and financial leasing. Ping An has also adopted an integrated financial model on

270-489: The company created Ping An Ventures, a $ 150M VC fund which invested in over 100 companies, such as Didi Chuxing , Hycor Biomedical , Meituan , Oscar Health , Payoneer , Taulia , and others. In 2014, together with SBT Venture Capital Ping An led a $ 27M funding round for eToro . In 2016, Ping An Healthcare and Technology (Ping An Good Doctor) completed a Series A funding round of a total of US$ 500 million, making its valuation hit US$ 3 billion. Ping An also bought

288-417: The country’s top 100 hospitals and 3A hospitals, 50,000 in-house and contracted external doctors and 233,000 pharmacies. Ping An's home-based senior care services covered 64 cities across China with over 120,000 customers entitled to the benefits. Customer's entitled to service benefits in the healthcare and elderlycare ecosystem accounted for over 68% of Ping An Life's new business value in 2024. Ping An

306-407: The ownership of Ping An is a "murky structure". In October 2012, The New York Times reported that relatives and associates of Chinese Premier Wen Jiabao controlled stakes in Ping An worth at least US$ 2.2 billion in 2007. Since 24 June 2004 Ping An has been listed on the Stock Exchange of Hong Kong (subsidiary of Hong Kong Exchanges and Clearing) as SEHK: 2318. Since 1 March 2007, it has

324-577: Was founded in 1988 and is headquartered in Shenzhen . "Ping An" literally means "safe and well". It is ranked as China’s 6th largest company . In 2024, Ping An ranked 29th on the Forbes Global 2000 list and 53rd on the Fortune Global 500 list. Ping An has been ranked by Brand Finance as the world's most valuable insurance brand for six years running. Ping An Insurance is one of the top 50 companies in

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