History
Founded in 1988 in Shenzhen, as the first joint-stock insurance company in China, Ping An has grown into a Fortune Global 500 company and one of the world's most valuable brands.
1988
Founding of the Company
May 27, 1988. Ping An Insurance Company was established as the first joint-stock insurance company in China.
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1992
Expanding nationwide
June 4, 1992. The Company was renamed Ping An Insurance Company of China, becoming a national insurance company.
1994
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First life insurance policy
May 1994. Ping An introduced the individual life insurance marketing system, pioneering individual life insurance business in China.
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Foreign investors
June 1994. Ping An brought on board Morgan Stanley and Goldman Sachs as its shareholders, becoming the first financial institution in China to have foreign investors.
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1995
Ping An Securities
October 1995. Ping An made a breakthrough in non-insurance financial business by establishing Ping An Securities Co., Ltd.
1996
Ping An Trust & Investment Company
April 1996. Ping An acquired ICBC Pearl River Delta Financial Trust Joint Company, which was then renamed Ping An Trust & Investment Company.
2002
Stake acquired by HSBC
October 8, 2002. HSBC Group took a stake in Ping An, becoming its single largest shareholder.
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2003
Founding of the Group
February 14, 2003. Ping An Insurance (Group) Company of China, Ltd., was established, becoming a pilot company for integrated operations in China's financial industry.
Banking business
December 2003. Ping An was given approval to acquire Fujian Asia Bank, which marked the start of its banking business.
2004
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H-share listing
June 24, 2004. Ping An Group enhanced its capital strength by going public in Hong Kong, which was the largest IPO in Hong Kong that year.
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2006
Modernizing integrated operations
May 2006. Ping An's national integrated operations center in Zhangjiang Shanghai started operations, which was the largest integrated operations platform in Asia.
Ping An Bank
July 2006. Ping An acquired Shenzhen Commercial Bank, which was later renamed Ping An Bank.
2007
A-share listing
March 1, 2007. Ping An Group was listed on the Shanghai Stock Exchange, which was the world's largest IPO of an insurance company at that time.
2011
Acquiring Shenzhen Development Bank
July 2011. Ping An became the controlling shareholder of Shenzhen Development Bank, which later merged with the original Ping An Bank, was renamed Ping An Bank, and built a banking business presence across the country.
2012
Lufax
2012. Lufax was established as Ping An began to build presence in fintech and healthtech.
2016
Ping An Life
2016. Ping An Life's insurance premiums exceeded RMB300 billion, and new business premiums exceeded RMB100 billion.
2018
Ping An Rural Communities Support
2018. In response to the government's call for poverty alleviation, Ping An marked its 30th anniversary with the launch of Ping An Rural Communities Support (covering village officers, village doctors and village teachers) in nine provinces and autonomous regions across China.
Ping An Good Doctor
2018. Ping An Good Doctor (also known as Ping An Health) launched its IPO in Hong Kong. At the time of listing, it was operating China’s largest online healthcare platform, with more than 190 million registered users, nearly 1,000 medical professionals, and 3,100 network hospitals.
2019
OneConnect
2019. OneConnect was listed on the New York Stock Exchange. OneConnect is a leading technology-as-a-service platform for financial institutions in China and Southeast Asia.
Retail Customers
2019. Ping An’s retail customers surpassed 200 million.
2020
Global brand value
2020. Ping An ranked 7th in the Forbes Global 2000 list and 21st on the Fortune Global 500 list. It also ranked 38th in the 2020 WPP Kantar Millward Brown BrandZ(TM) Top 100 Most Valuable Global Brands list and number 1 among global insurance brands for the fifth consecutive year.
Lufax
2020. Lufax launched its IPO on the New York Stock Exchange, the 5th largest IPO in the US that year. Lufax serves as the fintech platform that connects people to wealth opportunities.
2021
Total assets
2021 Ping An’s total assets surpassed RMB10 trillion.
Chinese “managed care model”
Launched a Chinese “managed care model” as part of its healthcare ecosystem strategy.
2022
Company culture and brand
Promoted a new value-oriented management culture and upgraded its brand identity, with a new logo.
2024
Customer experience
Shared commitment to provide customers with a “worry-free, time-saving, and money-saving” experience to enhance business growth and value.