Summary of Solvency Report of Ping An Group for 2023
Company of
Summary of Solvency Report for 2023
Company Overview and Reporting Contact
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Company name (Chinese): |
中国平安保险（集团）股份有限公司 |
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Company name (English): 
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Legal representative: |
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Registered address: |
47th, 48th, 109th, 110th, 111th and 112th Floors, |
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Ping An Finance Center, |
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No. |
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Registered capital:
Corporate license number of insurance institution: 000016
Business commencement date:
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Business scope: |
Investing in insurance enterprises, supervising and |
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managing the domestic and international businesses |
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of subsidiaries, engaging in insurance fund |
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utilization, conducting domestic and international |
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insurance business as approved by regulators, and |
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other businesses approved by the insurance |
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regulator and relevant government agencies |
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Reporting contact: |
Liang Shuyi |
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Office telephone: |
0755-88674268 |
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Mobile phone: |
18566298042 |
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Email address: |
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Note: |
TheSummary of Solvency Report for 2023is prepared in accordance with applicable regulations including theRegulatory Rules on Solvency of Insurance Companies (II)(the "C-ROSS Phase II")released by the former China Banking and Insurance Regulatory Commission (the"CBIRC") and theNational Financial RegulatoryAdministration's Circular on Improving Regulatory Standards for Solvency ofInsurance Companies.
CONTENTS
III. Operation of Major Member Companies .................................................................................. 10
IV. Opinions from External Institutions .......................................................................................... 17
V. Solvency Statements .................................................................................................................. 18
VI. Management Discussion and Analysis ..................................................................................... 20
VII. Significant Events .................................................................................................................... 21
VIII. Risk Management Capability ................................................................................................. 23
IX. Integrated Risk Rating .............................................................................................................. 31
I. Statement by the Board of Directors and the
Management
This report has been approved by the Board of Directors of
(Group) Company of
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
Unit: Shares
Number of shares
-
I. Selling-restricted sharesII.
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Selling-unrestricted circulating shares 1.RMB ordinary shares 10,832,664,498
2.Domestically listed foreign shares 3.Overseas listed foreign shares 4.Others
Subtotal
-18,280,241,410
-
7,447,576,912
III.Total number of shares 18,280,241,410
Changes during the Reporting PeriodIssuePercentage of new Bonus
Transfer
from
(%) shares issue reserve
OthersSubtotalNumber of shares
-
-
-
-
-
-
59.26
- - - -
- - - -
--70,006,803(1)-70,006,803(1)10,762,657,695 59.10
40.74
-
- - -
- - -
-
-7,447,576,912 40.90
-
-
100.00
-
-
--70,006,803(1)-70,006,803(1)18,210,234,607
100.00
-
-
--70,006,803(1)-70,006,803(1)18,210,234,607
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
Nature of shareholder(1)
Overseas legal person
State-owned legal person
Others
Others
State-owned legal personBusiness Fortune Holdings Overseas legalLimited
Long-term Service Plan ofperson
Others
Others
Shareholding Total number of percentage shares held
(%) (shares)Changes during the Reporting
Period (shares)Type of sharesNumber of selling-restricted shares held
(shares)
38.26 6,966,685,599(3)+230,032,530 H Share
5.29 3.01
2.67
2.58 2.53
1.93
1.42
1.11
1.10
962,719,102 547,459,258
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485,789,140 -221,974,851
470,302,252
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459,836,080 -11,838,752
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350,906,763 +96,443,179
257,728,008
201,948,582
199,511,462
Percentage
(%)
-
-
-
-
-
-
100.00
100.00
Number of pledged, marked or frozen shares
(shares)
-
- -
Unknown
-
A Share
- -
-
A Share
67,550,000 pledged shares
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-
A Share
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-
-
-
A Share
- -
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H Share
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359,636,584 pledged shares
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A Share
-
-
-
-
A Share
-
-
-
-
A Share
-
-
-
-
A Share
-
-
Notes:
(1) Nature of the holders of A shares represents the nature of accounts held by the holders of A shares registered on the
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(2)
Hong Kong Securities Clearing Company Nominees Limited ("HKSCC Nominees Limited ") is the nominee holder of the shares held bynon-registered H shareholders of the Company. -
(3)
Business Fortune Holdings Limited is an indirect wholly-owned subsidiary of Charoen Pokphand Group Company Limited ("CP Group Ltd. "), and the shares owned byBusiness Fortune Holdings Limited have been registered under the name of HKSCC Nominees Limited. In order to avoid double counting, the shares owned byBusiness Fortune Holdings Limited have been deducted from the shares held byHKSCC Nominees Limited . -
(4) The shares held by
Hong Kong Securities Clearing Company Limited refer to the shares held by non-registered shareholders of the Northbound Trading of the Shanghai-Hong Kong Stock Connect Program. -
(5) Participants in the Long-term Service Plan of the Company are the employees of the Company and its subsidiaries. Over 140,000 employees have participated in the Long-term Service Plan cumulatively throughout the years. The source of funding is the remunerations payable to employees.
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(6) The above A shareholders do not participate in securities margin trading or centralized securities lending.
Explanation of the connected relationship or acting-in-concert relationship among the above shareholders:
Save as disclosed above, the Company is not aware of any connected relationship or acting-in-concert relationship among the above-mentioned shareholders.
(3) Particulars of Controlling Shareholder and
The shareholding structure of the Company is relatively scattered. There is neither controlling shareholder nor de facto controlling party.
(II) Shareholding or Control Relations between the
The Group's member companies under the C-ROSS Phase II, with clear shareholding structures, engage in businesses including insurance, banking, investment, and technology. Shareholding or control relations with and basic information of
(1) Shareholding or Control Relations with and Basic Information of the Subsidiaries of the Group
The Group had the following main consolidated subsidiaries as of
Shareholding
Company name
Principal place of Place of business registrationproportionRegistered capitalNature of business
Direct Indirect
(in RMB unless otherwise specified)
Shenzhen Shenzhen
Life insurance
Shenzhen Shenzhen
Shenzhen Shenzhen
Shenzhen Shenzhen
Property and casualty insurance
99.51% 33,800,000,000 99.55% 21,000,000,000
49.56%
8.40% 19,405,918,198
99.88% 13,000,000,000
Shenzhen Shenzhen
Securities investment and brokerage
40.96%
55.59% 13,800,000,000
Annuity insurance
Asset management
Health insurance
Investment holding Property and casualty insurance
94.18% 98.67% 74.33% 100.00%
5.79% 11,603,419,173 1.33% 1,500,000,000 0.68% 4,616,577,790
Financial leasing
69.44%
100.00%
Asset management
100.00%
Investment holding Investment consulting Property management and investment management
99.88% 99.75%
4,000,000,000
100,000,000
99.62% 21,160,523,628
IT services
37.66%
62.34% 5,310,315,757
IT and business process outsourcing services
100.00%
598,583,070
Internet service
77.14%
1,000,000,000
E-commerce trade
99.89%
Principal place of businessCompany name
Place of registration
Ping An Fund Management Company Limited Shenzhen Ping An Financial Center Development Company Ltd.
Ping An Caizhi Investment Management Company Limited Ping An of
British Virgin Islands British Virgin Islands
Jincheng
Jincheng
British Virgin Islands British Virgin Islands
Taiyuan
Taiyuan
Corporation management advisory services Currency brokerage
Property agency
Insurance agent
Project investment
Project investment
Property management and investment management Investment management Commercial factoring services Expressway operation Expressway operation
Equity investment
Shareholding proportion
Registered capitalDirectIndirect
(in RMB unless otherwise specified)
77.14%
200,000,000
99.50% 96.64%
1,810,000,000
721,716,042
100.00% 1,310,000,000
99.51% 9,130,500,000
99.51%
100.00%
30,406,000,000
66.92% 100.00% 68.11%
50,000,000 1,930,000,000
800,000,000
68.11% 1,300,000,000
99.51% 6,688,870,000
75.10% 515,000,000
99.55% 50,000,000
99.51%
99.51%
99.51% 419,000,000
99.62% 500,000,000
100.00%
2,700,000,000
59.71% 750,000,000
59.71% 504,000,000
96.55% 300,000,000
Investment holding
96.55%
Futures brokerage 96.55%
Principal place of businessCompany name
Place of registration
Ping An of
Chengdu
Chengdu
Shanghai
Shareholding proportion
Registered capitalDirectIndirect
(in RMB unless otherwise specified)
96.55%
investment and 96.55%
Fund sales
Insurance brokerage service
Property leasing
Real estate investment and management Real estate development and management Investment management Real estate
95.43% 20,000,000
100.00% 50,000,000
99.51% 256,323,143
99.51% 840,000,000
99.51% 1,430,000,000
99.51% 1,160,000,000
investment and 99.51%
Real estate investment and 99.51%
Financial products
and equity investment Management consulting
Property leasing
Property leasing
Production and sale of consumer chemicals Industry
Investment management
Property leasing
Logistics and real estate
E-commerce
Real estate development and management Investment management Asset management Credit Information services Investment platform Investment consulting
96.55% 1,000,000,000
100.00% 5,092,341,943
99.51% 45,000,000
99.51% 50,000,000
99.51% 51.56% 99.51%
5,268,261,234
678,873,194
99.51%
4,810,000,000
99.52%
94.74% 63,330,000
99.51% 20,000,000
99.05% 1,290,000,000
100.00% 1,010,000,000
100.00%
99.62% 100.00%
345,075,000
2,536,129,600
100,000,000
Shareholding proportion
Company name
Principal place of businessPlace of registration
An
China PA Asset Management (
Jiaxing
Nature of businessRegistered capitalDirectIndirect
(in RMB unless Otherwise specified)
Jiaxing
Cayman Islands United KingdomJiaxing
Micro loan
Investment management and investment consulting
Internet service
Internet service
100.00%
600,000,000
100.00%
77.14% 680,000,000
77.14% 489,580,000
Investment management Investment management Consulting services Investment consulting
99.81% 300,000,000
98.02%
1,000,000,000
100.00% 100,000,000
100.00% 100,000,000
Investment consulting
100.00% 1,500,100,000
Financial leasing 100.00% 10,400,000,000
Logistics and warehousing Asset management Insurance brokerage Project investment
IT services
Investment management Investment management Investment management Automotive internet platform
Infant products
Investment management
Asset management Second-hand car platform Investment management Investment holding Investment platform
79.61% 5,625,000,000
96.55%
42.52%
50,000,000
99.51%
79.21% 50,000,000
99.81% 100,000,000
99.81% 100,000,000
99.72%
5,100,000,000
42.52%
51.56%
99.51%
1,000,000
57.96% 21.69% 99.72%
5,000,000,000
5,000,000
100.00%
99.81%
5,000,000
Attachments
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