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

Corporate brand

A Chinese integrated financial-services and technology group whose businesses span insurance, banking, investment, asset management, healthcare and related digital services.

Last updated October 12, 2026

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Overview

Ping An Insurance (Group) Company of China, Ltd., commonly known as Ping An or Ping An of China, is a Shenzhen-based financial-services holding company established in 1988. Its name is associated with the Chinese expression for safety and well-being. The enterprise began as a property-and-casualty insurer and developed into one of China’s largest diversified financial groups, combining insurance, banking, investment, securities, trusts, futures, financial leasing, asset management and technology-enabled services. The group’s principal insurance activities include life and health insurance, property and casualty insurance, annuities and retirement products. Its financial-services portfolio also includes Ping An Bank, securities and investment operations, wealth-management businesses and insurance-related services. Through subsidiaries and affiliated platforms, Ping An has extended its activities into healthcare technology, online medical services, senior care, automobile information services and financial technology. These businesses are connected by an integrated-finance model intended to allow customers to use multiple financial and lifestyle services within the same ecosystem. Technology has become a central part of Ping An’s corporate strategy. The group has invested in artificial intelligence, cloud computing, digital health, medical imaging, online consultation and risk-management systems. It has also developed or supported technology subsidiaries such as OneConnect Financial Technology, Ping An Healthcare and Technology, and Ping An Good Doctor. The company has stated that research and development is used to broaden its financial businesses and to build healthcare and elderly-care ecosystems. Its technology operations have served customers and institutional partners outside mainland China, particularly in Southeast Asia. Ping An has attracted strategic and institutional investment from overseas financial groups during its development, including Morgan Stanley, Goldman Sachs and HSBC. It also pursued investments and partnerships in financial technology, online wealth management, healthcare and consumer platforms. Some of these initiatives produced separately listed companies, including OneConnect and Lufax, while others remained within the group’s broader ecosystem. The company is listed in Hong Kong and Shanghai and is included in major Chinese and Hong Kong market indices. It operates throughout mainland China and has activities in Hong Kong and Macau through its overseas insurance operations. In 2019, it became the first mainland Chinese insurance company selected for the Dow Jones Sustainability Emerging Markets Index, according to the referenced company history. It was also later included in the MSCI KLD 400 Social Index. Brand Finance has repeatedly identified Ping An as one of the world’s most valuable insurance brands. Ping An’s current strategic emphasis combines traditional risk protection with technology-driven finance, healthcare and aging services. Its healthcare ecosystem has included partnerships with hospitals, physicians and pharmacies, while home-based senior-care services have been expanded across numerous Chinese cities. The group has also explored generative artificial intelligence in medical applications, including access to DeepSeek’s model through Ping An Healthcare and Technology’s doctor-facing platform. Despite its international technology and investment activities, the group remains primarily oriented toward the Chinese financial and healthcare markets.

History

Ping An was founded in 1988 in Shenzhen as a property-and-casualty insurance company. It was established during the early development of China’s modern commercial insurance sector and became the country’s first joint-stock insurance enterprise. The group’s original insurance focus later broadened as regulatory changes and capital-market development created opportunities in life insurance, banking, investment and asset management. During the 1990s, Ping An obtained investment from international financial institutions, including Morgan Stanley and Goldman Sachs. HSBC subsequently acquired a significant equity interest. These relationships supported Ping An’s institutional development and connected the company with international financial practices. The group progressively adopted a holding-company structure under which different subsidiaries carried out specialized insurance and financial activities. Ping An’s diversification accelerated in the 2000s. It expanded beyond insurance into banking, securities, trusts, futures, financial leasing and asset management. The company was listed in Hong Kong in 2004 and in Shanghai in 2007. It subsequently became part of important Hong Kong and mainland Chinese equity indices, increasing its visibility among domestic and international investors. In 2008, Ping An agreed to acquire a 50 percent interest in Fortis Investments, but the proposed transaction was cancelled later that year. In 2009, Ping An became a strategic investor in Shenzhen Development Bank, which later became Ping An Bank. Banking became a central component of the group’s integrated-finance model, alongside life insurance, property and casualty insurance and investment services. The group began investing more actively in technology and platform businesses during the 2010s. Ping An Ventures was created in 2012 and invested in companies across areas including digital commerce, healthcare, payments, enterprise software and financial technology. Ping An also participated in financing for eToro and invested in Autohome. Ping An Healthcare and Technology developed online medical and health-management services, while related operations expanded into medical technology and senior care. In 2018, several technology subsidiaries completed private placements that attracted international institutional participation. In 2019, Ping An OneConnect Bank began operating in Hong Kong after receiving a virtual-bank licence. OneConnect Financial Technology listed in New York during the same year. Ping An was also selected for the Dow Jones Sustainability Emerging Markets Index, described in the reference material as a first for a mainland Chinese insurance company. Lufax, an online wealth-management platform associated with the group, completed a New York listing in 2020. The 2020s brought further development of healthcare and elderly-care services. Ping An introduced the Ping An Zhen Yi Nian brand in 2021 for urban elderly-care communities and related medical and health services. It also agreed with Shionogi to establish healthcare joint ventures in Shanghai and Hong Kong. Ping An Bank participated in the Cross-boundary Wealth Management Connect pilot, while Ping An Life received regulatory approval in 2022 for an investment in New Founder Group. OneConnect added a Hong Kong main-board dual-primary listing in 2022. By 2024, Ping An’s health ecosystem included partnerships with major hospitals, doctors and pharmacies in China, and its home-based senior-care benefits were available across dozens of cities. In 2025, Ping An Healthcare and Technology announced access to DeepSeek’s model within its doctor-oriented artificial-intelligence platform. The group’s development therefore reflects a continuing transition from a conventional insurer into a diversified financial, technology and healthcare ecosystem, although insurance and banking remain its core businesses.

2025
DeepSeek access is added to Ping An medical AI
[1]Ping An Insurance - Wikipediaen.wikipedia.org
Ping An Healthcare and Technology announces integration of DeepSeek access into its doctor-facing platform.
2022
OneConnect adds a Hong Kong listing
[1]Ping An Insurance - Wikipediaen.wikipedia.org
OneConnect completes a dual-primary listing on the Hong Kong Stock Exchange.
2021
Ping An Zhen Yi Nian is introduced
[1]Ping An Insurance - Wikipediaen.wikipedia.org
Ping An launches a healthcare and elderly-care brand aimed primarily at urban communities.
2019
OneConnect Bank launches in Hong Kong
[1]Ping An Insurance - Wikipediaen.wikipedia.org
Ping An’s virtual bank begins operations after receiving authorization from Hong Kong’s banking regulator.
2012
Ping An Ventures is created
[1]Ping An Insurance - Wikipediaen.wikipedia.org
The group establishes a venture-investment platform targeting technology and emerging financial and healthcare businesses.
2009
Investment in Shenzhen Development Bank
[1]Ping An Insurance - Wikipediaen.wikipedia.org
Ping An becomes a strategic investor in Shenzhen Development Bank, later known as Ping An Bank.
2007
Shanghai listing and Hang Seng inclusion
[1]Ping An Insurance - Wikipediaen.wikipedia.org
The company lists in Shanghai under ticker 601318 and becomes a Hang Seng Index constituent.
2004
Hong Kong listing
[1]Ping An Insurance - Wikipediaen.wikipedia.org
Ping An lists on the Stock Exchange of Hong Kong under ticker 2318.
1994
International financial investors enter Ping An
[1]Ping An Insurance - Wikipediaen.wikipedia.org
Morgan Stanley and Goldman Sachs become among the overseas financial institutions investing in the company during its early expansion.
1988
Ping An is founded in Shenzhen
[1]Ping An Insurance - Wikipediaen.wikipedia.org
Ping An begins as a Chinese property-and-casualty insurance company and becomes the country’s first joint-stock insurance enterprise.

Products and positioning

A technology-enabled integrated financial-services group combining insurance, banking, investment, healthcare and digital platforms.

Life and health insurance
Ping An Life
Ping An’s life-insurance business provides protection, savings, health, retirement and annuity products. It is a central part of the group’s integrated-finance strategy and is increasingly connected with healthcare and senior-care services.
Property and casualty insurance · 1988
Ping An Property & Casualty
The group’s property-and-casualty operations cover personal and commercial risks, including motor and other general-insurance categories. This business represents Ping An’s original operating heritage as an insurer.
Banking
Ping An Bank
Ping An Bank provides retail and corporate banking, deposits, lending, wealth management and related financial services. It became part of the group’s ecosystem following Ping An’s strategic investment in Shenzhen Development Bank.
Digital healthcare
Ping An Good Doctor
Ping An Good Doctor is an online healthcare platform associated with Ping An Healthcare and Technology. Its services have included digital consultation, health management and connections among patients, doctors, hospitals and other healthcare resources.
Financial technology
OneConnect
OneConnect supplies technology and digital infrastructure to financial institutions. Its activities have included solutions for banking, insurance and related financial services, with customers in mainland China and international markets including Southeast Asia.
Senior care and healthcare · 2021
Ping An Zhen Yi Nian
Introduced in 2021, Ping An Zhen Yi Nian is a healthcare and elderly-care brand focused mainly on urban senior-care communities. It links corporate finance, medical resources, health management and technology-enabled services.

Controversies

2026
Source
2024
Source

2025
Integration of DeepSeek access into medical AIOther
Background
Ping An Healthcare and Technology was developing artificial-intelligence tools for doctors and health-management services.
Action taken
The subsidiary announced that its medical AI model and doctor platform had built-in access to DeepSeek’s model.
Aftermath
Ping An said the integration could support more accurate diagnosis and personalized health management while further research continued.
Source
2021
Expansion into organized elderly careStrategy
Background
Ping An aimed to connect insurance customers with medical, health-management and senior-care resources.
Action taken
The group released the Ping An Zhen Yi Nian brand for urban elderly-care communities and related services.
Aftermath
The initiative contributed to the group’s wider healthcare and home-based senior-care ecosystem.
Source
2019
Launch of Ping An OneConnect BankProduct launch
Background
Hong Kong introduced a virtual-banking framework that allowed technology-oriented financial groups to apply for digital-bank licences.
Action taken
Ping An commenced operations of its Hong Kong virtual bank after regulatory approval.
Aftermath
The bank became part of Ping An’s broader cross-border digital-finance and integrated-services strategy.
Source
2012
Creation of Ping An VenturesStrategy
Background
Ping An sought exposure to emerging technology, healthcare and financial-services companies beyond its traditional insurance activities.
Action taken
The group created a venture-capital platform to invest in growth companies.
Aftermath
The platform invested in companies across digital commerce, healthcare, payments and financial technology.
Source
2008
Proposed Fortis Investments transactionM&A
Background
Ping An sought to expand its asset-management presence through an investment in Fortis Investments after Fortis had acquired ABN AMRO Asset Management.
Action taken
The company agreed to acquire a 50 percent stake in Fortis Investments.
Aftermath
The transaction was cancelled in October 2008.
Source

Recent events

Unconfirmed
Ping An launches brain-health service management plan[9]中国平安发布脑健康服务管理方案insurance.jrj.com.cn
China Ping An launched a brain-health service management plan at a seminar in Beijing. The plan combines screening, treatment, rehabilitation, security and payment services, including access to hospitals and specialists, rehabilitation support, and insurance products.
2022-01-26
Ping An launches South China tiger conservation campaign[10]中国平安发起华南虎保护公益行动finance.qingdaonews.com
Ping An and the Shenzhen Care Action Public Welfare Foundation jointly launched the “萌虎平安成长行动” to support South China tiger conservation. The initiative raises donations and corporate matching funds for facilities and breeding research at the Shaoguan South China Tiger Breeding and Research Base.
Unconfirmed
Ping An launches South China tiger conservation campaign[11]中国平安发起保护华南虎公益行动eeo.com.cn
China Ping An and Shenzhen Care Action Public Welfare Foundation jointly launched the “Cute Tigers, Ping An Growth Action” to raise funds for South China tiger conservation, breeding research, and public education. Ping An pledged a matching contribution of 1.5 million yuan.
2021-10-27
Ping An announces deputy general manager appointment[12]中国平安宣布聘任副总经理insurance.jrj.com.cn
Ping An announced that it would appoint Ji Guangheng as a company deputy general manager, subject to approval of his qualifications by the banking and insurance regulator.
2021-05-09
Ping An launches Zhenyinian senior-care brand and Yiniancheng product line[13]平安发布“平安臻颐年”康养品牌及“颐年城”产品线insurance.jrj.com.cn
China Ping An launched its Zhenyinian senior-care brand and its first high-end product line, Yiniancheng, on May 9, 2021.
2021-05-09
Ping An launches Zhenyinian healthy-aging brand and Yiniancheng product line[14]平安发布臻颐年康养品牌及颐年城产品线nbd.com.cn
China Ping An launched its Ping An Zhenyinian healthy-aging brand and its first high-end product line, Yiniancheng, to develop integrated financial, medical and senior-care services.
2021-05-09
Ping An launches Zhenyinian senior-care brand and product line[15]平安发布“平安臻颐年”康养品牌及产品线news.timedg.com
Ping An launched the Ping An Zhenyinian senior-care brand and its first high-end product line, Yiniancheng, using a model combining finance, medical care and senior care.
2021-03-16
Ping An and Zhongshan Hospital sign strategic cooperation agreement[16]中国平安与中山医院签署战略合作协议hy.stock.cnfol.com
Ping An and Fudan University-affiliated Zhongshan Hospital signed a strategic cooperation agreement covering services, research, teaching and branding. Ping An Health Insurance is to lead cooperation in medical services, research and talent development.
2021-01-18
Ping An and two foundations launch a charitable project[17]中国平安联合两家基金会发起公益项目finance.people.com.cn
Reported: 2021-01-18
Ping An, Shenzhen Charity Federation and China Social Assistance Foundation jointly launched the 2021 “A Childlike Heart, Love for the Country” public-welfare project, encouraging migrant workers to celebrate the New Year where they work and providing each with 1,500 yuan in funding.
2020-12-05
Xinhua China Economic Information Service and Ping An announce ESG strategic cooperation[18]中经社与中国平安宣布开展ESG战略合作szdushi.com.cn
Xinhua China Economic Information Service and Ping An Group announced strategic cooperation in ESG, including work on an ESG data platform, company evaluation reports and consulting, financial indexes, and product development.

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