(Hong Kong, Shanghai, 10 December 2020) Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEX: 02318; SSE: 601318) announced the Group has won the Hong Kong Corporate Governance Excellence Award 2020 in the category of Main Board Companies – Hang Seng Index Constituent Companies. The Hong Kong Corporate Governance Excellence Awards 2020 were co-organized by The Chamber of Hong Kong Listed Companies and the Centre for Corporate Governance and Financial Policy at Hong Kong Baptist University.
The judges said, “Under the stewardship of its very capable board, Ping An adopts a forward-looking management approach looking out to the next 10 years, which has guided the insurance group evolving from its origin as an insurance entity to an integrated financial services group developing its own tech-based ecosystem. The panel of judges is very satisfied with the all-rounded and solid corporate governance strategies and approach of Ping An and wish to recognize its achievements this year.”
The corporate excellence awards aim to encourage Hong Kong listed companies to strengthen corporate governance and foster the highest standards in corporate governance, business ethics, board leadership and sustainable development. It provides recognition and prestige for listed companies that have demonstrated outstanding commitment to shareholder rights, compliance, integrity, fairness, responsibility, accountability, transparency, board independence and leadership, and corporate social responsibility and sustainability.
Richard Sheng, Secretary of the Board and Brand Director of Ping An said, “Ping An adheres to the philosophy of ‘striving for survival in competition and innovation development’, and has continued to explore and learn from international leaders in corporate governance. It has established a corporate governance structure that adheres to international standards and leverages its local advantages. Ping An constantly seeks to improve its corporate governance structure. The Board of Directors of Ping An also place great emphasis on a forward-looking and industry-leading Group strategy and capturing future development opportunities with their long-term vision and a high degree of crisis awareness.
“With an outstanding level of corporate governance, Ping An has an enhanced ability to withstand risks. The Group’s competitiveness has steadily improved as well, achieving a win-win situation for all stakeholders and promoting the Group’s long-term and sustainable development.”
After over 30 years of development, Ping An has grown from an insurance company to an internationally leading listed company and integrated financial services group with assets of RMB9 trillion and a market capitalization of RMB1.5 trillion. In the past 15 years, the compound annual growth rates of the Group's total assets, total revenue, and net profit were nearly 30%. Ping An’s achievements have been built on effective corporate governance. Ping An will continue to implement global best practices in corporate governance to ensure the steady development of the Group.