Key landmarks in Ping An Insurance’s history
- 1988Establishment of Shenzhen Ping An, the first private insurance company in China
- 1991Establishment of "Securities business", a securities company
- 1992New name adopted: Ping An of China
- 1993Collaboration with Guohua Life Insurance, Taïwan
- 1994- Morgan Stanley and Goldman Sachs take a stake in Ping An
- Start of life insurance business - 1995Establishment of Ping An Securities Company
- 1996- Establishment of Ping An Trust
- Acquisition of ICBC Pearl River Delta Financial Trust Joint Company, renamed Ping An Trust & Investment Company - 1997Rapid development of Ping An's life business, which became the group's main class of business
- 1999Launch of new products in cooperation with Prudential
- 2002- Acquisition of 10% of the capital by HSBC
- The premiums reach 50 billion CNY (6 billion USD) and the assets 100 billion CNY (12.1 billion USD) - 2003- Establishment of Ping An Insurance (Group) Company of China, Ltd
- Acquisition de Fusian Asia Bank - 2004- Listing on the Hong Kong Stock Exchange
- Start of the banking business
- Establishment of Ping An Annuity - 2005- The group's market value exceeded 100 billion CNY (12 billion USD)
- Establishment of Ping An Health Insurance - 2006- Centralization of operations within an integrated platform
- Establishment of Ping An Asset Management - 2007Ping An Group listed "A" on the Shanghai Stock Exchange
- 2008Ping An enters the "Fortune 500 Company" ranking
- 2011Acquisition of Shenzhen Development Bank
- 2012- Establishment of Lufax
- Sale of 15.6% of HSBC's shares in Ping An to Charoen Pokphand Group, Thailand, (CP Group) for 9.4 billion USD - 2013Merger between Ping An Bank et Shenzhen Development Bank
- 2014Ping An, ranked as the world's leading insurance brand
- 2016- Insurance premiums exceed 300 billion CNY (43 billion USD)
- The company is listed in Fortune magazine's Top 50 - 2017- Record market capitalization of over 1 trillion CNY (154 billion USD)
- Acquisition of a 5.01% stake in HSBC for 9.92 billion USD - 2018- Ping An Good Doctor listed on the Hong Kong Stock Exchange
- Establishment of the "Rural Communities Support" program" - 2019- OneConnect goes public on the New York Stock Exchange
- Number of retail customers exceeds 200 million - 2020- Lufax goes public on the New York Stock Exchange
- Creation of new health products to fight Covid-19 - 2021- Group's net assets reach 1.569 billion USD
- In June, Charoen Pokphand Group (CP Group) reduces its shareholding in Ping An to 6.85% - 2022- “CSR Initiative of the Year” award granted to Ping An Property and Casualty Insurance
- Ping An named China’s best Bank for digital solutions
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Thu, 23/03/2023 - 12:54
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