Newswires
<img src="https://icrowdnewswire.com/wp-content/uploads/2020/11/4000-logo.png" width="233" height="24" /><p><org value="Shanghai:601318" idsrc="xmltag.org" >Ping An Insurance (Group) Company of <span class="xn-location">China</org></span>, Ltd. announced the Group has won the Hong Kong Corporate Governance Excellence Award 2021 in the category of Main Board Companies - Hang Seng Index Constituent Companies. This is the sixth time <span class="xn-person">Ping An</span> has been recognized for this prestigious award.</p>
<p>The Hong Kong Corporate Governance and ESG Excellence Awards 2021 is co-organized by The Chamber of Hong Kong Listed Companies and the <org>Centre for Corporate Governance and Financial Policy</org> at <org value="ACORN:2034468860" idsrc="xmltag.org" >Hong Kong <span class="xn-org">Baptist University</org></span>.</p>
<p>The judge commented: “As a previous winner of the award, <span class="xn-person">Ping An</span> continues to manifest strong leadership of the board which comprises skilled professionals who guide the Group to become an integrated financial services powerhouse with good leverage on technology that it is today. The absence of a controlling shareholder frees the Group from undue influence by a single interested party, and there is strict observation of laws and regulations about connected transactions and corporate governance. The board devotes close attention to building the right positioning, personnel, process and culture for the Group, and to developing a strong risk management framework based on big data extraction and AI to monitor risks. Its unique management structure with 3 Co-CEOs with clear division of business oversights helps steer the group through the market uncertainties in the past years with clear focus and corporate conciseness to generate strong returns to shareholders.”</p>
<p>As <span class="xn-location">China’s</span> first joint stock insurance company and an A+H dual listed company, <span class="xn-person">Ping An</span> has adopted global best practices in governance. It is ensuring stable operation of the Group through a series of innovative governance measures and proper disclosures. <span class="xn-person">Ping An</span> has developed a disclosure management system that categorizes different major events for level-by-level approval, creating a transparent, efficient and organized process. For three consecutive years, the Group has been ranked level A, the highest grade, by the <org>Shanghai Stock Exchange</org> for information disclosure.</p>
<p><span class="xn-person">Ping An</span> values shareholder returns and the need to protect investors. From 2019 to 2021, <span class="xn-person">Ping An</span> has approved buyback schemes for A-shares. Two schemes have cumulatively bought back more than 130 million shares to date, costing close to <span class="xn-money"><money>RMB10 billion</money></span>. <span class="xn-person">Ping An</span> also continues to improve the level of cash dividends. Due to sound performance and adequate solvency, an interim dividend of <span class="xn-money"><money>RMB0.88</money></span> per share was paid in 2021 representing a year-on-year increase of 10%.</p>
<p>In terms of risk management, <span class="xn-person">Ping An</span> established a distinctive “251” risk management framework to prevent and resolve major financial risks. Specifically, “2” refers to the dual risk matrix management and control system of the group and subsidiaries; “5” refers to information security risk, asset quality risk, liquidity risk, operational compliance risk and brand reputation risk; “1” refers to a collaborative risk management and control platform of unified standards and requirements for the whole group in terms of the overall risk governance structure, management system and information systems. As part of <span class="xn-person">Ping An’s</span> strategic plan that covers financial + technology, the Group has fully integrated digital technology in its financial risk management and continuously promotes intelligent risk management and control.</p>
<p>Driven by its sustainability strategy, <span class="xn-person">Ping An</span> has integrated core ESG philosophies and standards into its corporate governance and management framework. It has built a scientific and professional sustainability management framework to guide its business practices. The Board of Directors oversee all ESG issues to ensure long-term and stable development of the business as well as greater sustainable value for shareholders, investors and other stakeholders. The Group announced its Green Finance+ initiative to support sustainable community development. <span class="xn-person">Ping An’s</span> green investment and green credit totaled <span class="xn-money"><money>RMB208,886 million</money></span> and <span class="xn-money"><money>RMB53,278 million</money></span> respectively, as of <span class="xn-chron"><chron>September 30, 2021</chron></span>. <span class="xn-person">Ping An’s</span> premiums for green insurance totaled <span class="xn-money"><money>RMB25,109 million</money></span> in the first nine months of 2021. In <span class="xn-chron"><chron>October 2021</chron></span>, <span class="xn-person">Ping An</span> announced plans to achieve operational carbon neutrality in 2030.</p>
<p><strong>About <org>Ping An Group</org></strong><br class="dnr" /><org value="Shanghai:601318" idsrc="xmltag.org" >Ping An Insurance (Group) Company of <span class="xn-location">China</org></span>, Ltd. (“<span class="xn-person">Ping An</span>“) is a world-leading technology-powered retail financial services group. With over 225 million retail customers and nearly 634 million internet users, <span class="xn-person">Ping An</span> is one of the largest financial services companies in the world. <span class="xn-person">Ping An</span> focuses on two over-arching domains of activity, “pan financial assets” and “pan health care”, covering the provision of financial and health care services through our integrated financial services platform and our ecosystems in financial services, health care, auto services and smart city services. Our “finance + technology” and “finance + ecosystem” transformation strategies aim to provide customers and internet users with innovative and simple products and services using technology. As <span class="xn-location">China’s</span> first joint stock insurance company, <span class="xn-person">Ping An</span> is committed to upholding the highest standards of corporate reporting and corporate governance. The Group is listed on the stock exchanges in <span class="xn-location"><location value="LC/hk" idsrc="xmltag.org" >Hong Kong</location></span> and <span class="xn-location"><location value="LU/cn..shangh" idsrc="xmltag.org" >Shanghai</location></span>. <span class="xn-person">Ping An</span> ranked 6th in the Forbes Global 2000 list in 2021 and ranked 16th in the Fortune Global 500 list in 2021. <span class="xn-person">Ping An</span> also ranked 49th in the 2021 WPP Kantar Millward Brown BrandZTM Top 100 Most Valuable Global Brands list.</p>
<p>For more information, please visit <a href="http://www.group.pingan.com">www.group.pingan.com</a> </p>
<p class="tags">
<div><strong>See Campaign: </strong><a href="http://www.group.pingan.com " target="_blank">http://www.group.pingan.com </a><br/><b>Contact Information:</b><br/>www.group.pingan.com <br/><br/><br/><br/></div>
Ping An Named Winner of Hong Kong Corporate Governance and ESG Excellence Awards 2021
<p>The Hong Kong Corporate Governance and ESG Excellence Awards 2021 is co-organized by The Chamber of Hong Kong Listed Companies and the <org>Centre for Corporate Governance and Financial Policy</org> at <org value="ACORN:2034468860" idsrc="xmltag.org" >Hong Kong <span class="xn-org">Baptist University</org></span>.</p>
<p>The judge commented: “As a previous winner of the award, <span class="xn-person">Ping An</span> continues to manifest strong leadership of the board which comprises skilled professionals who guide the Group to become an integrated financial services powerhouse with good leverage on technology that it is today. The absence of a controlling shareholder frees the Group from undue influence by a single interested party, and there is strict observation of laws and regulations about connected transactions and corporate governance. The board devotes close attention to building the right positioning, personnel, process and culture for the Group, and to developing a strong risk management framework based on big data extraction and AI to monitor risks. Its unique management structure with 3 Co-CEOs with clear division of business oversights helps steer the group through the market uncertainties in the past years with clear focus and corporate conciseness to generate strong returns to shareholders.”</p>
<p>As <span class="xn-location">China’s</span> first joint stock insurance company and an A+H dual listed company, <span class="xn-person">Ping An</span> has adopted global best practices in governance. It is ensuring stable operation of the Group through a series of innovative governance measures and proper disclosures. <span class="xn-person">Ping An</span> has developed a disclosure management system that categorizes different major events for level-by-level approval, creating a transparent, efficient and organized process. For three consecutive years, the Group has been ranked level A, the highest grade, by the <org>Shanghai Stock Exchange</org> for information disclosure.</p>
<p><span class="xn-person">Ping An</span> values shareholder returns and the need to protect investors. From 2019 to 2021, <span class="xn-person">Ping An</span> has approved buyback schemes for A-shares. Two schemes have cumulatively bought back more than 130 million shares to date, costing close to <span class="xn-money"><money>RMB10 billion</money></span>. <span class="xn-person">Ping An</span> also continues to improve the level of cash dividends. Due to sound performance and adequate solvency, an interim dividend of <span class="xn-money"><money>RMB0.88</money></span> per share was paid in 2021 representing a year-on-year increase of 10%.</p>
<p>In terms of risk management, <span class="xn-person">Ping An</span> established a distinctive “251” risk management framework to prevent and resolve major financial risks. Specifically, “2” refers to the dual risk matrix management and control system of the group and subsidiaries; “5” refers to information security risk, asset quality risk, liquidity risk, operational compliance risk and brand reputation risk; “1” refers to a collaborative risk management and control platform of unified standards and requirements for the whole group in terms of the overall risk governance structure, management system and information systems. As part of <span class="xn-person">Ping An’s</span> strategic plan that covers financial + technology, the Group has fully integrated digital technology in its financial risk management and continuously promotes intelligent risk management and control.</p>
<p>Driven by its sustainability strategy, <span class="xn-person">Ping An</span> has integrated core ESG philosophies and standards into its corporate governance and management framework. It has built a scientific and professional sustainability management framework to guide its business practices. The Board of Directors oversee all ESG issues to ensure long-term and stable development of the business as well as greater sustainable value for shareholders, investors and other stakeholders. The Group announced its Green Finance+ initiative to support sustainable community development. <span class="xn-person">Ping An’s</span> green investment and green credit totaled <span class="xn-money"><money>RMB208,886 million</money></span> and <span class="xn-money"><money>RMB53,278 million</money></span> respectively, as of <span class="xn-chron"><chron>September 30, 2021</chron></span>. <span class="xn-person">Ping An’s</span> premiums for green insurance totaled <span class="xn-money"><money>RMB25,109 million</money></span> in the first nine months of 2021. In <span class="xn-chron"><chron>October 2021</chron></span>, <span class="xn-person">Ping An</span> announced plans to achieve operational carbon neutrality in 2030.</p>
<p><strong>About <org>Ping An Group</org></strong><br class="dnr" /><org value="Shanghai:601318" idsrc="xmltag.org" >Ping An Insurance (Group) Company of <span class="xn-location">China</org></span>, Ltd. (“<span class="xn-person">Ping An</span>“) is a world-leading technology-powered retail financial services group. With over 225 million retail customers and nearly 634 million internet users, <span class="xn-person">Ping An</span> is one of the largest financial services companies in the world. <span class="xn-person">Ping An</span> focuses on two over-arching domains of activity, “pan financial assets” and “pan health care”, covering the provision of financial and health care services through our integrated financial services platform and our ecosystems in financial services, health care, auto services and smart city services. Our “finance + technology” and “finance + ecosystem” transformation strategies aim to provide customers and internet users with innovative and simple products and services using technology. As <span class="xn-location">China’s</span> first joint stock insurance company, <span class="xn-person">Ping An</span> is committed to upholding the highest standards of corporate reporting and corporate governance. The Group is listed on the stock exchanges in <span class="xn-location"><location value="LC/hk" idsrc="xmltag.org" >Hong Kong</location></span> and <span class="xn-location"><location value="LU/cn..shangh" idsrc="xmltag.org" >Shanghai</location></span>. <span class="xn-person">Ping An</span> ranked 6th in the Forbes Global 2000 list in 2021 and ranked 16th in the Fortune Global 500 list in 2021. <span class="xn-person">Ping An</span> also ranked 49th in the 2021 WPP Kantar Millward Brown BrandZTM Top 100 Most Valuable Global Brands list.</p>
<p>For more information, please visit <a href="http://www.group.pingan.com">www.group.pingan.com</a> </p>
<p class="tags">
<div><strong>See Campaign: </strong><a href="http://www.group.pingan.com " target="_blank">http://www.group.pingan.com </a><br/><b>Contact Information:</b><br/>www.group.pingan.com <br/><br/><br/><br/></div>
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