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March 8, 2014 |
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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. 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 Index|Hang Seng China Enterprises Index (HSCEI) replacing Anhui Expressway. 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.
Category:Companies of the People's Republic of China china-stub This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Ping An of China".
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