3. Ping AN
Ping An Insurance (Group) Company of China, Ltd is a leading insurance company in China, which has grown steadily to become a global leader.
This is a holding organization whose backups capacity in the protection, keeping money, and monetary administrations organizations. Established in 1988, the organization has its central station in Guangdong, Shenzhen, China & the present Chairman and CEO is Ma Mingzhe.
The guardian company is Ping An China Insurance Group. It controls Ping An China Insurance Overseas (Holdings) Limited and Ping An Trust and Investment Co, Ltd. (which has the further auxiliaries of Ping An Securities and Ping An Bank). Ping An Insurance Overseas, situated in Hong Kong, is a second holding organization for backup organizations situated outside of China.
The organization has begun differentiating its business developing past its center business of protection by starting to take ventures from abroad firms. It has as of date taken speculations from Morgan Stanley and Goldman Sachs in 1994, with HSBC taking a huge value enthusiasm for the organization in 2002. In June 2009, it turned into a key financial specialist in the Shenzhen Development Bank.
It is a nearby organization with operations over the greater part of the People’s Republic of China, working through Ping An Insurance Overseas in Hong Kong and Macau yet has a worldwide shareholding design. HSBC holds 16.8% of the aggregate shares of Ping A, making it the greatest shareholder. Having more than 870000 life coverage operators, it gives protection, managing an account, speculation and web money items and administrations to more than 200 million web clients and 100 million clients.
Total Assets: $733 Bn
Revenue: $107 Bn