Ping An of China

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Ping An (Chinese: 中国平安; pinyin: Zhōng Guó Píng An), full name Ping An Insurance (Group) Company of China, Ltd. is a holding company whose subsidiaries mainly deal with insurance and financial services. The company was founded in 1988 and has its headquarters in Shenzhen.

Ping An Insurance group is the holding company of Ping An Life Insurance Company of China, Ltd. and Ping An Property & Casualty Insurance Company of China, Ltd. It also controls China Ping An Insurance Overseas (Holdings) Limited and Ping An Trust & Investment Co., Ltd. Ping An Insurance Overseas, located in Hong Kong, is a second holding company for subsidiary companies located outside of China.

Ping An Trust & Investment has the subsidiaries of Ping An Securities and Ping An Bank.

Ping An began as only a casualty insurance company. Since the mid 1990s Ping An has been diversifying into financial services from its core business of insurance and began taking investments from overseas firms. Ping An accepted investments from Morgan Stanley and Goldman Sachs in 1994. In 2002 HSBC took a large equity interest in Ping An.

[edit] Markets

Since June 24, 2004 Ping An has been listed on the Hong Kong Stock Exchange. SEHK: 2318

Ping An was chosen as an index stock of the Hang Seng China Enterprises Index (HSCEI) replacing Anhui Expressway.

[edit] Operations

Ping An has operations across all of the People's Republic of China, and in Hong Kong and Macau through Ping An Insurance Overseas. Ping An has branches or a representative agent in 150 countries.