Is Ping An a state-owned enterprise?

Ping An Company is not a state-owned enterprise. Ping An Company, whose full name is China Ping An Insurance (Group) Co., Ltd., is a listed joint-stock company and the first joint-stock insurance enterprise in China. The service scope covers financial insurance, banking, investment and other financial businesses, with strong financial strength. Generally speaking, only state-owned assets exceed 50% of the company's shares can be called state-owned enterprises, and the state has the control right of state-owned enterprises. HSBC Holdings' HSBC Bank and HSBC Insurance are the largest shareholders of Ping An Company. The shareholding structure of Ping An Company is scattered and there is no specific controller.