Summary of Solvency Report of Ping An for 1H23 - Insurance News | InsuranceNewsNet

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August 30, 2023 Newswires
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Summary of Solvency Report of Ping An for 1H23

Hong Kong Stock Exchange (Web Disclosure) via PUBT

Ping An Insurance (Group)

Company of China, Ltd.

Summary of Solvency Report

for

First Half of 2023

Company Overview and Reporting Contact

Company name (Chinese):

中国平安保险(集团)股份有限公司

Company name (English):

Ping An Insurance (Group) Company of China, Ltd.

Legal representative:

Ma Mingzhe

Registered address:

47th, 48th, 109th, 110th, 111th and 112th Floors,

Ping An Finance Center,

No.5033 Yitian Road,

Futian District,

Shenzhen

Registered capital:

RMB18,210,234,607

Corporate license number of insurance institution: 000016

Business commencement date: March 21, 1988

Business scope:

Investing in insurance enterprises, supervising and

managing the domestic and international

businesses of subsidiaries, engaging in insurance

fund utilization, conducting domestic and

international insurance business as approved by

regulators, and other businesses approved by the

insurance regulator and relevant government

agencies

Reporting contact:

Zhang Yuexin

Office telephone:

0755-22625793

Mobile phone:

15389205316

Email address:

zhangyuexin204@pingan.com.cn

Note:

The Summary of Solvency Report for First Half of 2023 is prepared in accordance with relevant regulations of the former China Banking and Insurance Regulatory Commission (the "CBIRC"), including the Regulatory Rules on Solvency of Insurance Companies (II) (the"C-ROSSPhase II").

CONTENTS

I. Statement by the Board of Directors and the Management

...........................................................1

II. Basic Information of the Group

2

III. Operation of Major Member Companies

10

IV. Opinions from External Institutions

16

V. Solvency Statements

17

VI. Management Discussion and Analysis

19

VII. Significant Events

20

VIII. Risk Management Capability

22

IX. Integrated Risk Rating

29

I. Statement by the Board of Directors and the

Management

This report has been approved by the Board of Directors of Ping An Insurance (Group) Company of China, Ltd. (hereinafter referred to as "Ping An," the "Company" or the "Group"). The Board of Directors and the management of the Company warrant that the information contained in this report is true, accurate, complete and legally compliant and there are no false representations, misleading statements contained in or material omissions from this report, and severally and jointly accept legal responsibility for the above.

The statement is hereby given.

1

II. Basic Information of the Group

(I) Shareholding Structure, Shareholders and Their Changes

(1) Shareholding Structure and Its Changes

January 1, 2023

Changes during the Reporting Period

June 30, 2023

Issue

Transfer

Number of

Percentage of new

Bonus

from

Percentage

Unit: Shares

shares

(%)

shares

issue

reserve

Others

Subtotal

Number of shares

(%)

I. Selling-restricted shares

-

-

-

-

-

-

-

-

-

  1. Selling-unrestrictedcirculating shares

1.

RMB ordinary shares

10,832,664,498

59.26

-

-

-

-70,006,803(1)

-70,006,803(1)

10,762,657,695

59.10

2.

Domestically listed

-

-

-

-

-

-

-

-

-

foreign shares

3.

Overseas listed foreign

7,447,576,912

40.74

-

-

-

-

-

7,447,576,912

40.90

shares

4.

Others

-

-

-

-

-

-

-

-

-

Subtotal

18,280,241,410

100.00

-

-

-

-70,006,803(1)

-70,006,803(1)

18,210,234,607

100.00

III. Total number of shares

18,280,241,410

100.00

-

-

-

-70,006,803(1)

-70,006,803(1)

18,210,234,607

100.00

Note: (1) The decrease of 70,006,803 A shares during the Reporting Period was due to the cancellation of repurchased shares.

(2) Shareholdings of Top Ten Shareholders as at the End of the Reporting Period

Changes

Number of

Number of

during the

selling-

pledged,

Shareholding Total number of

Reporting

restricted

marked or

Nature of

percentage

shares held

Period

Type of

shares held

frozen shares

Name of shareholder

shareholder(1)

(%)

(shares)

(shares)

shares

(shares)

(shares)

Hong Kong Securities Clearing

Overseas

legal

38.17

6,950,658,497(3)

+214,005,428 H Share

-

Unknown

Company Nominees Limited(2)

person

Shenzhen Investment Holdings

State-owned

5.29

962,719,102

- A Share

-

341,740,000

Co., Ltd.

legal person

pledged shares

Hong Kong Securities Clearing

Others

3.88

706,870,002

-893,989 A Share

-

-

Company Limited(4)

China Securities Finance

Others

3.01

547,459,258

- A Share

-

-

Corporation Limited

Business Fortune Holdings

Overseas

legal

2.62

476,946,469

+5,271,637

H Share

-

315,217,401

Limited

person

pledged shares

Central Huijin Asset

State-owned

2.58

470,302,252

-

A Share

-

-

Management Ltd.

legal person

Long-term Service Plan of

Ping An Insurance (Group)

Others

1.93

350,975,208

+96,511,624

A Share

-

-

Company of China, Ltd.(5)

Shum Yip Group Limited

State-owned

1.42

257,728,008

-

A Share

-

-

legal person

Dacheng Fund - Agricultural

Bank of China - Dacheng

Others

1.11

201,948,582

-

A Share

-

-

Zhongzheng Financial Asset

Management Plan

Huaxia Fund - Agricultural

Bank of China - Huaxia

Others

1.10

199,511,462

-

A Share

-

-

Zhongzheng Financial Asset

Management Plan

2

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Ping An Insurance (Group) Co. of China Ltd. published this content on 29 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2023 21:10:41 UTC.

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