Summary of Solvency Report of Ping An Group for 2024
Company of
Summary of Solvency Report
for First Half of 2024
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: |
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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 regulator |
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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: |
Note:
The Summary of Solvency Report for First Half of 2024 is prepared in accordance with applicable regulations including the Regulatory 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 the
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CONTENTS |
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III. Operation of Major Member Companies |
10 |
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IV. Opinions from External Institutions |
16 |
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V. Solvency Statements |
17 |
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VI. Management Discussion and Analysis |
19 |
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VII. Significant Events |
20 |
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VIII. Risk Management Capability |
21 |
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IX. Integrated Risk Rating |
28 |
I. Statement by the Board of Directors and the
Management
This report has been approved by the Board of Directors of
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
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Changes during the Reporting Period |
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Issue |
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Transfer |
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Number of Percentage of new Bonus |
from |
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Number of |
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Percentage |
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Unit: Shares |
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shares |
(%) |
shares |
issue |
reserve |
Others |
Subtotal |
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shares |
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(%) |
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I. |
Selling-restricted shares |
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- |
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- |
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- |
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- |
- |
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II. |
Selling-unrestricted |
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circulating shares |
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1.RMB ordinary shares 10,762,657,695 |
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59.10 |
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- |
- |
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10,762,657,695 |
59.10 |
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2.Domestically listed |
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- |
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- |
- |
- |
- |
- |
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- |
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- |
- |
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foreign shares |
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3.Overseas listed |
7,447,576,912 |
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40.90 |
- |
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- |
- |
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7,447,576,912 |
40.90 |
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foreign shares |
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4.Others |
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- |
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- |
- |
- |
- |
- |
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- |
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- |
- |
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Subtotal |
18,210,234,607 |
100.00 |
- |
- |
- |
- |
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18,210,234,607 |
100.00 |
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III. Total number of shares 18,210,234,607 |
100.00 |
- |
- |
- |
- |
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18,210,234,607 |
100.00 |
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(2) Shareholdings of Top Ten Shareholders as at the End of the Reporting Period |
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Changes |
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Number of |
Number of |
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during the |
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selling- |
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pledged, |
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Shareholding Total number of |
Reporting |
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restricted |
marked or |
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Nature of |
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percentage |
shares held |
Period |
Type of |
shares held |
frozen shares |
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shareholder (1) |
(%) |
(shares) |
(shares) |
shares |
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(shares) |
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(shares) |
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Overseas legal |
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Clearing Company |
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38.26 |
6,966,786,564 (3) |
+100,965 |
H Share |
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Unknown |
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person |
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Nominees Limited(2) |
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State-owned |
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5.29 |
962,719,102 |
- |
A Share |
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- |
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67,550,000 |
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Holdings Co., Ltd. |
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legal person |
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pledged shares |
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Clearing Company |
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Others |
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3.18 |
578,422,247 |
+92,633,107 |
A Share |
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- |
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- |
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Limited(4) |
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Others |
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3.01 |
547,459,258 |
- |
A Share |
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- |
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- |
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Central Huijin Asset |
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State-owned |
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2.58 |
470,302,252 |
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A Share |
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- |
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- |
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legal person |
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Overseas legal |
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2.52 |
459,466,189 |
-369,891 |
H Share |
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385,136,584 |
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Limited |
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person |
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pledged shares |
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Long-term Service Plan of |
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Others |
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1.93 |
350,550,894 |
-355,869 |
A Share |
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- |
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- |
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Company of |
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State-owned |
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1.42 |
257,728,008 |
- |
A Share |
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- |
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- |
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legal person |
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- Dacheng Zhongzheng |
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Others |
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1.11 |
201,948,582 |
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A Share |
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Financial Asset |
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Management Plan |
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Others |
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1.10 |
199,511,462 |
- |
A Share |
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- |
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Zhongzheng Financial |
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Asset Management Plan
2
Notes:
- Nature of the holders of A shares represents the nature of accounts held by the holders of A shares registered on the
Shanghai Branch ofChina Securities Depository and Clearing Corporation Limited . Hong Kong Securities Clearing Company Nominees Limited ("HKSCC Nominees Limited ") is the nominee holder of the shares held by non-registered H shareholders of the Company.Business Fortune Holdings Limited is an indirect wholly-owned subsidiary ofCharoen Pokphand Group Company Limited ("CP Group Ltd. "), and the shares owned byBusiness Fortune Holdings Limited have been registered under the name ofHKSCC 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 .- 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. - 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.
- The above A shareholders do not participate in securities margin trading or securities lending.
Explanation of the connected relationship or acting-in-concert relationship among the above shareholders:
indirectly held 964,427,077 H shares of the Company, representing approximately 5.30% of the Company's total share capital as of
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.
3
- Shareholding or Control Relations between the
Group Parent Company and Member Companies
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
- Shareholding or Control Relations with and Basic Information of the Subsidiaries of the Group
The Group had the following main consolidated subsidiaries as of
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Principal |
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Shareholding |
Registered capital |
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proportion |
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place of |
Place of |
(in RMB unless |
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Company name |
business |
registration Nature of business |
Direct |
Indirect |
otherwise specified) |
of
Ping An Property & Casualty
Company of
Ltd.
Company of
Kong)
Ping An International Financial
Leasing Co., Ltd.
Ping An of China Asset
Management (
Shenzhen Ping An Innovation
Ping An E-wallet Electronic
eLink
Limited
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Life insurance
Property and casualty insurance
Banking
Investment and trust Securities investment and brokerage
Annuity insurance
Asset management
Health insurance
Investment holding Property and casualty insurance
Financial leasing
Asset management
Investment holding Investment consulting Property management and investment management
IT services
IT and business process outsourcing services
Internet service
E-commerce trade
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99.51% |
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33,800,000,000 |
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99.55% |
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21,000,000,000 |
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49.56% |
8.40% |
19,405,918,198 |
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99.88% |
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13,000,000,000 |
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40.96% |
55.59% |
13,800,000,000 |
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94.18% |
5.79% |
11,603,419,173 |
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98.67% |
1.33% |
1,500,000,000 |
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74.38% |
0.63% |
4,616,577,790 |
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100.00% |
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100.00% |
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69.44% |
30.56% |
14,500,000,000 |
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100.00% |
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99.88% |
4,000,000,000 |
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99.75% |
100,000,000 |
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99.62% |
21,160,523,628 |
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37.66% |
62.34% |
5,310,315,757 |
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100.00% |
598,583,070 |
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77.14% |
1,000,000,000 |
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99.89% |
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4
- Shareholding or Control Relations between the
Group Parent Company and Member Companies (continued)
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Principal |
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Shareholding |
Registered capital |
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place of |
Place of |
proportion |
(in RMB unless |
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Company name |
business |
registration Nature of business |
Direct |
Indirect |
otherwise specified) |
Pingan Haofang (
Shenzhen Ping An Financial
Ltd.
Co., Ltd.
Ping An Commercial Factoring
Co., Ltd.
Ltd.
Ltd.
(
Ping An of China Futures (Hong
Kong)
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British |
British |
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Virgin |
Virgin |
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Islands |
Islands |
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British |
British |
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Virgin |
Virgin |
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Islands |
Islands |
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British |
British |
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Virgin |
Virgin |
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Islands |
Islands |
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Jiaxing |
Jiaxing |
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Jincheng |
Taiyuan |
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Jincheng |
Taiyuan |
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Custom loyalty |
77.14% |
200,000,000 |
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service |
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Property leasing |
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and property |
99.50% |
1,810,000,000 |
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management |
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Futures brokerage |
96.64% |
721,716,042 |
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Real estate |
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investment and |
100.00% |
1,310,000,000 |
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management |
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Investment |
99.51% |
9,130,500,000 |
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management |
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Project investment |
99.51% |
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Corporation |
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management |
100.00% |
30,406,000,000 |
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advisory services |
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Currency |
66.92% |
50,000,000 |
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brokerage |
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Property agency |
100.00% |
1,930,000,000 |
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Asset |
68.11% |
800,000,000 |
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management |
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Fund raising and |
68.11% |
1,300,000,000 |
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distribution |
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Property leasing |
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and property |
99.51% |
6,688,870,000 |
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management |
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Insurance agent |
99.55% |
50,000,000 |
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Project investment |
99.51% |
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Project investment |
99.51% |
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Property |
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management and |
99.51% |
419,000,000 |
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investment |
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management |
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Investment |
99.62% |
500,000,000 |
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management |
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Commercial |
100.00% |
2,700,000,000 |
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factoring |
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Expressway |
59.71% |
750,000,000 |
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operation |
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Expressway |
59.71% |
504,000,000 |
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operation |
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Equity investment |
96.55% |
300,000,000 |
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Investment |
96.55% |
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holding |
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Futures brokerage |
96.55% |
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5
- Shareholding or Control Relations between the
Group Parent Company and Member Companies (continued)
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Principal |
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Shareholding |
Registered capital |
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place of |
Place of |
Nature of |
proportion |
(in RMB unless |
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Company name |
business |
registration |
business |
Direct |
Indirect |
otherwise specified) |
Ping An of
Beijing Shuangronghui
Shenzhen Pingke Information
Consulting Co., Ltd.
Beijing Jingping Shangdi
Guangzhou Xinping Property
Shanghai Jahwa (Group)
Shanghai Pingan Automobile E- commerce Co., Ltd.
Shanghai Pingxin Asset
Limited
Ltd.
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Chengdu |
Chengdu |
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United |
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Kingdom |
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United |
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Kingdom |
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British |
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Virgin |
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Islands |
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Investment management Securities investment and brokerage
Fund sales
Insurance brokerage service
Property leasing
Real estate investment and management Real estate development and management Investment management Real estate investment and management Real estate investment and management 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%
96.55%
95.43%20,000,000
99.51%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
99.51%
99.51%
96.55% 1,000,000,000
100.00% 5,092,341,943
99.51%45,000,000
99.51%50,000,000
99.51% 5,268,261,000
51.56%678,873,194
99.51%
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%345,075,000
99.62% 2,536,129,600
100.00%100,000,000
6
- Shareholding or Control Relations between the
Group Parent Company and Member Companies (continued)
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Principal |
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Shareholding |
Registered capital |
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proportion |
(in RMB unless |
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place of |
Place of |
Nature of |
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Otherwise specified) |
||
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Company name |
business |
registration |
business |
Direct |
Indirect |
An
Ping An Pay Technology Service
Co., Ltd.
Ping An Pay Electronic Payment
Co., Ltd.
Ping An Fortune Management
Co., Ltd.
Shenzhen Dingshuntong
Shenzhen Ping An Evergreen
Co., Ltd.
Ping An International Financial
Leasing (
Ltd.
China PA Asset Management
(
Ping An Urban-Tech (
Co., Ltd.
Shenzhen Ping An Chuangke
Jiaxing Ping An Cornerstone I
Co., Ltd.
Ltd.
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Jiaxing |
Jiaxing |
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Cayman |
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Islands |
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United |
United |
|
Kingdom |
Kingdom |
|
|
Jiaxing |
|
|
|
|
|
Cayman |
|
Islands |
|
|
|
|
|
|
|
|
Cayman |
Cayman |
|
Islands |
Islands |
|
|
|
Micro loan
Investment management and investment consulting
Internet service
Internet service
Investment management Investment management Consulting services Investment consulting
Investment consulting
Financial leasing
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
100.00%600,000,000
100.00%
77.14%680,000,000
77.14%489,580,000
99.81%300,000,000
98.02% 1,000,000,000
100.00%100,000,000
100.00%100,000,000
100.00% 1,500,100,000
100.00% 10,400,000,000
79.61% 5,625,000,000
96.55%
42.37%50,000,000
99.51%
88.99%50,000,000
99.81%100,000,000
99.81%100,000,000
99.72% 5,100,000,000
42.37%
51.56%
99.51%1,000,000
57.96% 5,000,000,000
21.61%
99.72%5,000,000
100.00%
99.81%5,000,000
7
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