Is Ping An Pratt & Whitney a state-owned enterprise or a private enterprise?

Ping An Pratt & Whitney is a private enterprise. Ping An Pratt & Whitney is affiliated to China Ping An Insurance Group Co., Ltd., and the largest shareholder of Ping An in China is foreign-funded HSBC, in addition, the employee shareholding ratio is relatively large. Generally speaking, Ping An Pratt & Whitney belongs to many private enterprises, and the proportion of employees holding shares is relatively large, but generally speaking, Ping An is a private enterprise and certainly does not belong to state-owned enterprises.

The difference between Ping An Credit Card and Ping An Pratt & Whitney

Different in nature, Ping An Bank is a joint-stock commercial bank, and Ping An Pratt & Whitney is a loan service institution launched by Ping An Insurance. Although they are all financial industries under Ping An Insurance, their nature is quite different. The business scope is different. Banks can not only handle loans, but also handle credit cards, insurance, deposits, remittances and other businesses, while loan financial institutions can only provide credit services. This means that the business scope of Ping An Bank is larger than Ping An Pratt & Whitney.