(Hong Kong, Shanghai, 14 May 2021) Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEx:2318; SSE:601318) has risen to 6th place in the Forbes Global 2000 ranking this year, up one place from 2020. With steady growth of operating income, profit, asset scale and market value, Ping An again ranked first among global diversified insurance companies. It is 5th among global financial institutions and 3rd among China companies.
The annual Global 2000 ranking from the Forbes is regarded as one of the most authoritative rankings of the world’s biggest and most valuable companies. Rankings are based on an analysis of four metrics: sales, profits, assets and market value. Ping An reported revenues of USD169.1 billion, profit of USD20.8 billion, assets of USD1,453.8 billion and market capitalization of USD211.2 billion.
This year’s top 10 companies are Industrial and Commercial Bank of China (ICBC), JPMorgan Chase, Berkshire Hathaway, China Construction Bank, Saudi Arabian Oil Company (Saudi Aramco), Ping An, Bank of America, Apple, Agricultural Bank of China and Amazon.
China has a record 395 companies on the list this year. China’s vibrant IPO market and rapid development of tech companies drove China’s increased presence on the list. It is second only to the US, which has 590 companies on this year’s list, two more than 2020.
In 2021, the start of China’s 14th Five-Year Plan, Ping An continues to advance the Group’s ‘finance + technology’ and ‘finance + ecosystem’ transformation strategies. The Company philosophy is that “expertise makes life easier, technology makes financial services ‘heartwarming’, and healthcare makes life better.” The Company is “deepening reform, pursuing sustainable growth, and planning for the future” by expanding its fintech capabilities and its healthcare ecosystem. Ping An is committed to creating value for shareholders and customers and contributing to social development.