Ping An Insurance

Ping An Insurance (Group) Company of China, Ltd. is a Shenzhen-based holding company whose subsidiaries mainly deal with insurance and financial services. The company was founded in 1988.

China’s Ping An Insurance buys Tower Place in London

Chinese insurance conglomerate Ping An has bought Tower Place in London. Photo: Bloomberg

Ping An Insurance bought the Tower Place in London from Deutsche Asset & Wealth Management for £327 million, in its second purchase in the city’s financial district in less than two years.

Friday, 23 January, 2015, 12:32pm

Alibaba, Tencent investing in Ping An's HK$37b private placement

A woman walks past a Ping An Insurance branch in Shanghai. Photo: Reuters

A consortium of institutional investors led by mainland’s internet giants – Jack Ma Yun and Pony Ma Huateng – has flocked into Ping An Insurance’s HK$37 billion private placement, cementing the insurer’s position in China’s rapidly growing internet finance market that might overthrow traditional banks.

2 Dec 2014 - 12:01pm

Ping An lines up advisers for US$5b placement

Ping An last year sold 26 billion yuan of convertible bonds, which it said could support growth for two to three years. Photo: Reuters

Ping An Insurance (Group), the mainland's second-biggest insurer, picked investment banks to work on a private placement that could raise as much as US$5 billion, sources said.

8 Nov 2014 - 5:43am 2 comments

Strong profit growth forecast for Chinese life insurers

Profit growth at China Life is estimated to be as high as 120 per cent year on year. Photo: Reuters

The mainland's life insurers are poised to report robust growth in profit last year on the back of strong investment income, but the value of new business for most firms is expected to have remained stagnant amid fierce competition.

The reporting season for mainland insurers will begin on Thursday, when Ping An Insurance is set to release its results.

10 Mar 2014 - 11:39pm

Chinese insurers eye opportunities in online payment services

Mobile third-party payment options are increasing. Photo: Xinhua

Payment platforms have emerged as a new battlefield for Chinese insurers, who see internet finance as being increasingly lucrative, but their ambitions could be hindered by concerns over cost and competition from e-commerce giants, analysts said.

28 Feb 2014 - 8:17am

Ping An Insurance eyes high-yielding overseas properties

Ping An, the mainland's second-largest life insurer, announced in July that it was buying the iconic Lloyd's Building in London for £260 million (HK$3.24 billion). Photo: Reuters

Ping An Insurance, which made its first overseas property acquisition in July, is seeking high-yielding offshore property investments and says it is flexible about teaming up with partners to explore opportunities.

7 Nov 2013 - 3:10am

Volatile markets push Ping An into fixed income

Timothy Chan

Ping An Insurance said it would add holdings in fixed-income investments and bonds in the second half of this year as capital markets remain uncertain on tight liquidity.

31 Aug 2013 - 4:02am

Ping An Insurance profit rises 28 per cent to 17.91 billion yuan

Ping An chairman Ma Mingzhe. Photo: Oliver Tsang

Ping An Insurance, the mainland's second-largest insurer, posted stronger-than-expected first-half profit growth of 28.3 per cent, boosted by improved investment income and contributions from its banking operation.

30 Aug 2013 - 3:40am

Chinese insurers set for more deals

Chinese insurance giant Ping An has made a big foray into London's City financial district by buying the Lloyd's Building. Photo: AFP

Ping An Insurance (Group)'s £260 million (HK$3.07 billion) purchase of the Lloyd's Building in London was the first direct overseas property acquisition by mainland insurance companies. It will not be the last.

22 Jul 2013 - 2:51am

Ping An buys London building as China's insurers seek higher returns

Lloyd's building in London

Ping An Insurance, the mainland's second-largest life insurer, has become the country's first insurance company to diversify into the overseas property market, spending £260 million (HK$3 billion) to buy the iconic Lloyd's building in London.

9 Jul 2013 - 5:01am

Ping An, Jahwa end dispute as chairman Ge Wenyao stays in job

Photo: Reuters

The high-profile fight between Shanghai Jahwa United's management and its major shareholder, Ping An Insurance, ended happily yesterday, with a mouthpiece of the Chinese communist party calling on both sides to give priority to investors' interests.

17 May 2013 - 4:06am

Cosmetics firm fights its biggest stakeholder

Cosmetics firm fights its biggest stakeholder

A conflict that pitted management at the cosmetics firm Shanghai Jahwa United against its major shareholder, Ping An Insurance, has caused concern among mainland equity investors as top executives slug it out.

15 May 2013 - 4:01am

Ping An aims to cut equities weighting

The weighting of property investment in Ping An's portfolio could be raised up to 10 per cent from the current 1.5 per cent. Photo: Reuters

Ping An Insurance Group, the second-biggest insurer by premium, says it is gradually moving into property and corporate bonds to reduce its dependence on equity returns amid the raging volatility in capital markets.

16 Mar 2013 - 3:32am

Poor stock market takes toll on Ping An earnings

Ping An's insurance business remained stable last year.

Analysts expect the bottom line of Ping An Insurance to get a boost from the mainland's economic recovery after the company missed market expectations with a 3 per cent rise in net profit last year amid a lacklustre stock market.

15 Mar 2013 - 4:38am

Ping An, HSBC shares set to take off

Dhanin Chearavanont

Shares of HSBC and Ping An Insurance are expected to rise today on the back of bullish equity market sentiment, and news that mainland regulators have approved HSBC's US$7.4 billion sale of its Ping An stake to Thailand's Charoen Pokphand.

4 Feb 2013 - 4:00am