Asset Management Business

Ping An conducts its asset management business through companies including Ping An Securities, Ping An Trust, Ping An Financial Leasing and Ping An Asset Management. The total assets under management (AUM) of these companies increased to more than RMB7.6 trillion as of June 30, 2024.

Securities Business

Ping An provides securities brokerage, futures brokerage, investment banking, asset management, and financial advisory services through Ping An Securities and its subsidiaries.

Ping An Securities continues to transform wealth management by focusing on customer journeys in its brokerage business. It has developed a comprehensive customer acquisition and development system, and offers a professional 24/7 advisory service through a unified product and service framework, data-driven investment advisory capabilities, and a leading smart brokerage platform.

As a result, the company has seen steady growth in customer numbers and market share. As of June 30, 2024, Ping An Securities had over 24.05 million retail customers and ranked among the top three brokers in China in app user activity. Its market share in equity and fund trading volume (excluding seat leasing) reached 3.76% in the first half of 2024, up 18 basis points year-on-year.

Ping An Securities also remained a top player in the industry by debt underwriting scale, ranking 2nd in asset-backed securities volume and 6th in bond underwriting in the first half of 2024.

Trust Business

Ping An Trust is focusing on asset service trust business including family trusts and insurance trusts in 2024.

Ping An Trust is one of China's top trust companies by financial strength. It focuses on industrial investment and product and financial service trusts, considering the market environment and regulatory guidelines. As of June 30, 2024, total assets held in trust amounted to RMB838,158 million.

Ping An Financial Leasing

Ping An Financial Leasing is a leader in financial leasing, operating through a nationwide network. It has built its presence in areas including engineering and construction, manufacturing and processing, next-generation infrastructure, urban development, auto finance, commercial vehicles, and small and microfinance. Looking forward, the company will accelerate its presence in new energy, next-generation infrastructure, and new lifestyle sectors.

Ping An Financial Leasing maintains steady overall operations by continuously strengthening risk management and refining management before and throughout leasing deals. The non-performing asset ratio significantly dropped at 1.04% as of June 30, 2024. Sufficient provisions have been. Set aside, ensuring an ample risk buffer.

Ping An Asset Management

Ping An Asset Management is one of China's largest influential institutional investors. Its assets under management (AUM) amounted to RMB5.52 trillion as of June 30, 2024, including stocks, bonds, funds, debts, and equity stakes in open and non-open capital markets and money markets. An Asset Management possesses capabilities of cross-market asset allocation and full-spectrum asset investment. It is ranked in the top 50 global asset management companies.