1993, international investment banks Goldman Sachs and Morgan Stanley joined hands to make peace, each holding 5.56%. Immediately, China Ping An issued additional shares nationwide at the price of 6 yuan per share, and the number of shareholders increased to more than 70. From 65438 to 0997, China Ping An implemented the shareholding system reform, and China Ocean Shipping (Group) Company and Shenzhen Finance Bureau began to enter the public eye, becoming the five major promoters together with ICBC, China Merchants and Xinhaoshi. The background of Shenzhen Finance Bureau's shareholding was that the policy still allowed investment in the financial industry at that time, and Shenzhen also saw the development potential of Ping An, so it made several requests to Ping An for shareholding, but all of them were rejected by Ping An. As the company developed to a certain scale and moved to the center of Shenzhen, Ping An became more and more dependent on local support, and agreed that Shenzhen Finance Bureau would take a stake of about 5.2%. The joining of China Ocean Shipping Group was facilitated by China Merchants. At that time, both companies were under the jurisdiction of the Ministry of Communications, joined Ping An with China Merchants, and handed over many insurance businesses of COSCO Group (including ship and cargo insurance) to Ping An. At this time, ICBC and China Merchants Bank hold the highest shares, estimated at around 15%; Goldman Sachs and Morgan Stanley also increased their holdings to 7.63%.
1999, ICBC withdrew from the financial industry due to national policy requirements and transferred all its shares to Shenzhen Investment Management Company.
Around 2002, COSCO Group and China Merchants also sold 9.9% and 14% shares respectively. At this point, all three promoters withdrew from Ping An Insurance.
In June 2002, 10, HSBC invested 600 million US dollars to participate in Ping An 10%, becoming the second largest shareholder. At this time, the third largest shareholder of Ping An Insurance was replaced by Jiangnan Industry. China Ping An explained that Jiangnan Industry and Xinhaoshi are both employee-owned organizations, and the actual ultimate controlling shareholders are Ping An Insurance Union, Ping An Securities Union and Ping An Trust Union. The employee stock ownership plan holds 69. 1 1% and 98. 15% of the shares of Jiangnan Industrial and Xinhao Shi respectively. At this time, Yuan Xinxing Investment and Baohua Group, two natural person-controlled enterprises, also entered Ping An respectively, holding 7.7% and 6.74% shares respectively. Jiangnan Industry and Xinhaoshi * * * hold the equity of Ping An 17.6438+0%.
In 2003, China Ping An's largest shareholder, Shenzhen Investment Management Company, held 65,438+06.09% of the shares. In order to meet the policy that a single shareholder in the insurance industry should not hold more than 65,438+00% and the strategic reorganization of Shenzhen state-owned enterprises, it listed and sold 88 million shares on the Shenzhen Stock Exchange, accounting for about 3.6% of China Ping An's total share capital. At that time, the buyer was Shenzhen Liye Group Co., Ltd. According to the disclosure in Ping An's listing prospectus, this part of the equity has been transferred, which reduced the equity of Shenzhen Investment Holding Co., Ltd. to 12.49% before listing. Also for the need of strategic reorganization of Shenzhen state-owned enterprises, Shenzhen Finance Bureau, which holds 6.93% of the shares, also transferred all its shares to Shenzhen Liye Group Co., Ltd., which has a state-owned background.
Up to now, the top ten shareholders of China Ping An are:
1, HSBC Insurance Holdings Limited 7.82%
2. The Hongkong and Shanghai Banking Corporation Limited 7.76%
3. Shenzhen Investment Holding Co., Ltd. 6.08%
4. Yuanxinhang Investment Co., Ltd. 4.8%
5. Linzhi New Hershey Investment Development Co., Ltd. 4.03%
6. Linzhi Jingao Industrial Development Co., Ltd. 3.46%
7. Shenye Group Co., Ltd. 2.27%
8. Shenzhen Wuxin Yufu Industrial Co., Ltd. 2.22%
9. Jiangda Jiangnan Industrial Development Co., Ltd. of the Ministry of Industry and Information Technology 1.76%
10, Shenzhen Liye Group Co., Ltd. 1%