2318 on Hong Kong Stock Exchange

Ping An Insurance

Logo: Ping An Insurance, Public domain, via Wikimedia Commons4

Chinese insurance company

Ping An Insurance known also as Ping An of China (simplified Chinese: 中国平安; traditional Chinese: 中國平安; pinyin: Zhōngguó Píng Ān), full name Ping An Insurance (Group) Company of China, Ltd. is a Chinese financial services holding company whose subsidiaries provide insurance, banking, asset management, financial services. The company was founded in 1988 and is headquartered in Shenzhen. "Ping An" literally means "safe and well".2 It was founded by Yuan Geng.1 Its chief executive is Ma Mingzhe.1 It employed about 362,000 people in 2020.1 Its revenue was CN¥1.3 trillion in 2020.1 Its shares trade on Hong Kong Stock Exchange under the symbol 2318.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1988Founded1

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  • Ticker2318 on Hong Kong Stock Exchange1
  • Industryinsurance1
  • HeadquartersShenzhen1
  • Websitewww.pingan.com
  • Legal formqi ye1
  • Listed onHong Kong Stock Exchange (2318), Shanghai Stock Exchange (601318)1
  • LEI300300IP9S6FHQPKRN683
Pingan International Finance Center2020
Photo: Charlie fong, CC BY-SA 4.0, via Wikimedia Commons6

Ping An Insurance known also as Ping An of China (simplified Chinese: 中国平安; traditional Chinese: 中國平安; pinyin: Zhōngguó Píng Ān), full name Ping An Insurance (Group) Company of China, Ltd. is a Chinese financial services holding company whose subsidiaries provide insurance, banking, asset management, financial services. The company was founded in 1988 and is headquartered in Shenzhen. "Ping An" literally means "safe and well".2

Corporate structure

Ping An Insurance sits at the top of its group. 10 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What Ping An Insurance reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

Founded by Yuan Geng in 1988.1

Leadership

Who has led Ping An Insurance, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (1)

Products and brands

Business

Ping An Insurance Group started off in 1988 as a property and casualty insurance company, later diversifying into insurance, banking, asset management, financial services and healthcare services. Ping An has licenses to offer financial services, including insurance, banking, trusts, securities, futures and financial leasing.

Ping An has also adopted an integrated financial model on a mix of business lines, including life insurance, P&C insurance, banking and securities. The company invests 1% of its revenues into R&D each year to branch out its businesses, adopt technology and support the building of its healthcare and senior care ecosystem.

Since the mid-1990s, Ping An has been subsequently taken investments from overseas firms such as Morgan Stanley and Goldman Sachs in 1994. In 2002 HSBC took a large equity interest in Ping An. In early 2008, Ping An agreed to take a 50% share in Fortis Investments, a subsidiary of Fortis, which had taken over ABN AMRO Asset Management as a result of the split up of ABN AMRO in late 2007; the deal was canceled in October 2008.

In June 2009, Ping An became a strategic investor in Shenzhen Development Bank (now part of Ping An Bank).

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In 2012, the company created Ping An Ventures, a $150M VC fund which invested in over 100 companies, such as Didi Chuxing, Hycor Biomedical, Meituan, Oscar Health, Payoneer, Taulia, and others. In 2014, together with SBT Venture Capital Ping An led a $27M funding round for eToro.

In 2016, Ping An Healthcare and Technology (Ping An Good Doctor) completed a Series A funding round of a total of US$500 million, making its valuation hit US$3 billion. Ping An also bought a 48% stake in Chinese car website Autohome Inc. from Telstra Corp. for $1.6 billion.

In February 2018, three technology subsidiaries of Ping An completed private placement financing, which received positive responses particularly from international institutional investors. They were Ping An Healthcare and Technology Company Limited, Ping An Medical and Healthcare Management Co., Ltd and OneConnect Financial Technology Co., LTD.

In June 2019, Ping An One Connect Bank officially commenced operation after receiving a virtual banking license from the Hong Kong Monetary Authority in May 2019. In December 2019, OneConnect Financial Technology was listed on the New York Stock Exchange. In 2019, Ping An became the first insurance company from mainland China to be selected for the Dow Jones Sustainability Emerging Markets Index (DJSI). In October 2020, Lufax, one of China's leading online wealth management platform, listed on the New York Stock Exchange.

In May 2021, Ping An released the Ping An Zhen Yi Nian healthcare brand. The product line was mainly targeted at supporting urban elderly care communities, and integrates corporate finance, medical care and health technology. In July 2021, Ping An and Shionogi signed agreements to launch joint ventures in Shanghai and Hong Kong. Ping An-Shionogi is a Healthcare as a Service (HaaS) enterprise, an integrated medical and healthcare platform for public health and patients. The joint venture is a collaboration between the Ping An and Shionogi on drug research, development, production and sales. In October 2021, Ping An Bank rolled out services under the Cross-boundary Wealth Management Connect pilot scheme.

In January 2022, Ping An Life (a subsidiary of Ping An) received approval from the CBIRC for its investment in New Founder Group. In July 2022, OneConnect (Ping An's fintech subsidiary) listed on the main board of the Hong Kong Stock Exchange by way of introduction and dual-primary listing. In February 2023, Ping An Bank Hong Kong Branch was granted an insurance agency license by the Hong Kong Insurance Authority. In November 2023, it was entered into the MSCI KLD 400 Social Index.

As of 30 June 2024, Ping An has grown its health ecosystem in China by partnering with the country's top 100 hospitals and 3A hospitals, 50,000 in-house and contracted external doctors and 233,000 pharmacies. Ping An's home-based senior care services covered 64 cities across China with over 120,000 customers entitled to the benefits. Customer's entitled to service benefits in the healthcare and elderlycare ecosystem accounted for over 68% of Ping An Life's new business value in 2024.

In February 2025, Ping An Healthcare and Technology announced that its artificial intelligence model and its platform designed for doctors now have built in access to DeepSeek's model. Ping An said access to DeepSeek's model will help to further enhance its medical services by assisting doctors in making more accurate diagnoses and providing personalized health management. Ping An Healthcare and Technology is undergoing further research and development of AI technology.

Markets

Since 24 June 2004 Ping An has been listed on the Stock Exchange of Hong Kong (subsidiary of Hong Kong Exchanges and Clearing) as SEHK: 2318. Since 1 March 2007, it has a listing on the Shanghai Stock Exchange as SSE: 601318. Since 19 June 2023, its yuan-denominated shares has a listing on the Stock Exchange of Hong Kong as SEHK: 82318.

Ping An replaced Anhui Expressway in the Hang Seng China Enterprises Index (HSCEI) in 2004.

The Hang Seng Index Services Company announced on 11 May 2007, that Ping An would join as Hang Seng Index Constituent Stock effective on 4 June 2007.

Operations

Ping An has operations across all of mainland China, and in Hong Kong and Macau through Ping An Insurance Overseas. Lufax, OneConnect and Ping An Good Doctor have now expanded overseas. OneConnect serves 100+ customers in 20 countries and regions mainly in Southeast Asia.

From Wikipedia’s article on Ping An Insurance, shared under CC BY-SA 4.0.5

Subsidiaries and ownership

Owners

Subsidiaries

Also owns

From Wikidata.1

Employees over time

  • 2020362,0351

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

Ping An Insurance revenue by year11.3T CNY in 2020+22% since 2018
0500.0B CNY1.0T CNY1.5T CNY2018: 1.1T CNY1.1T CNY20182019: 1.3T CNY1.3T CNY2019+18%2020: 1.3T CNY1.3T CNY2020+4%
  • 20201.3T CNY1
  • 20191.3T CNY1
  • 20181.1T CNY1

Net income

Ping An Insurance net income by year1159.4B CNY in 2020+155% since 2016
050.0B CNY100.0B CNY150.0B CNY200.0B CNY2016: 62.4B CNY62.4B CNY20162017: 89.1B CNY89.1B CNY2017+43%2018: 107.4B CNY107.4B CNY2018+21%2019: 164.4B CNY164.4B CNY2019+53%2020: 159.4B CNY159.4B CNY2020−3%
  • 2020159.4B CNY1
  • 2019164.4B CNY1
  • 2018107.4B CNY1
  • 201789.1B CNY1
  • 201662.4B CNY1

Timeline

  1. Mar 1, 2007Went public Listed on Shanghai Stock Exchange1
  2. Jun 24, 2004Went public Listed on Hong Kong Stock Exchange1
  3. 1988Founded Founded1