Is Zhongan a subsidiary of Ping An?

No, Ping An Insurance is one of the shareholders of Zhongan Insurance, but they are different insurance companies. Zhongan Insurance, the full name of Zhongan Online Property Insurance Co., Ltd., was founded by well-known enterprises such as Ant Financial, Tencent and China Ping An. Is the first internet insurance company in the world, and was approved by China Insurance Regulatory Commission on September 29th, 20th13rd. Ping An Insurance is called China Ping An Insurance (Group) Co., Ltd., which was established in Shekou, Shenzhen, 1988, and is the first joint-stock insurance enterprise in China. Ping An Insurance is one of the representatives of the traditional insurance industry in China and one of the top 500 enterprises in the world. Ping An Insurance has many products, including auto insurance, family property insurance and personal accident insurance. Customers who can basically meet different insurance needs. Zhongan Insurance is a new insurance company, which was founded by Ant Financial, Tencent and China Ping An. It is also the first internet insurance company in China.

Zhongan Group Co., Ltd.:

Zhongan Group 1997 was established in Hangzhou and listed in Hong Kong in 2007. Is a comprehensive group company with real estate development as its main business, covering commercial operation, community service, capital operation, hotel management and other diversified industries.

On March 7, 2020/KLOC-0, Zhongan Group Co., Ltd. ranked 96th in "Top Real Estate Enterprises in China in 2020 100".

Real estate development:

Real estate development is the main business of Zhongan Group. Adhering to the development concept of steady progress and the development model of the Yangtze River Delta economic circle, we have built a series of high-quality projects, including high-rise, villas, houses, apartments, office buildings, complexes, shops and other formats, and have been rated as "Top 100 Real Estate Enterprises in China" by China Index Research Institute for four consecutive times, laying a solid foundation for the subsequent development of diversified industries.

After more than 20 years of research and development, Zhongan has formed a complete product series. Through the three concepts of "sunshine, grassland and inheritance" and three architectural styles, three product series, namely Chaoyang series, Ideal series and Emerald series, are respectively represented.

Business operation:

China Xincheng Commercial Development Co., Ltd., a subsidiary of Zhongan Group, takes industrial diversification as its development model, in which the commercial operation business is managed by Zhongjia Commercial Management Co., Ltd., a wholly-owned subsidiary, forming a commercial management format with "theme business, office buildings and long-term rental apartments", and arranging a number of commercial projects in Hangzhou, Ningbo and other places, with a total commercial management area of more than 2 million square meters. Among them, "Happy Hour" Parent-child Life Plaza is a commercial brand that is vigorously developed and promoted at present, and it is committed to making it a commercial IP for all children.