China Ping 'an Equity Structure

Ping An is a state-owned company listed in Hong Kong and Shanghai. According to the shareholder's shareholding situation disclosed in the third quarter report of 20 17 (as shown in the figure), several state-owned enterprises such as Shenzhen Investment Control, China Securities Investment Corporation, China Huijin and Shenye Group hold a total of 1 1.52%, which is far from the holding ratio. Chia Tai Group (Thailand Zheng Da Group) holds 9.73% of the shares of China Ping An through two subsidiaries, namely Shangfa Holdings and New Oriental Venture Capital Co., Ltd., and is the largest shareholder of a single legal person. As far as ownership is concerned, Ping An is a company with mixed ownership of state-owned, foreign capital and private capital. It originated in China, and its main income comes from the domestic market, but it is not entirely owned by domestic capital.

Looking back on the development of Ping 'an in China, we can see the changing track of its shareholding structure.

China Ping An, the full name of which is "China Ping An Insurance (Group) Co., Ltd.", was established in 1998.

China Ping 'an is rooted in Hongmiao and has been a domestic-funded enterprise since its birth.

1988, Ping An Insurance Company was established in Shekou, Shenzhen, with China Merchants Shekou Industrial Park and China Industrial and Commercial Bank holding 5 1% and 49% respectively. From the formal point of view, Ping An was a legitimate state-owned enterprise at that time, only a joint-stock system. Moreover, at the business level, China Merchants and Industrial and Commercial Bank of China distributed many insurance businesses to China Ping An, so China Ping An was born with a golden key from the beginning.

Generally speaking, companies with China leaders are basically state-owned enterprises, and other enterprises can rarely apply for the national prefix.

Article 10 of decree 10 stipulates that the State Administration for Industry and Commerce 10,

Except the enterprise decided to be established in the State Council, the name of the enterprise shall not be preceded by the words "China", "China", "country", "nationality" and "international". Where the words "China", "China", "country", "nationality" and "international" are used in the name of an enterprise, they shall be industry qualifiers. Wholly foreign-owned enterprises and foreign-invested enterprises controlled by foreign parties that use the names of foreign-invested enterprises (regions) may use the words "(China)" in the middle of the names.

To sum up, there are two points: outside state-owned enterprises, the prefix of crown country is not allowed; If you want to use it, you can only use it in the middle of the name. Note that it is in the middle. So from this perspective, 99.99% of China Ping An is a domestic enterprise.

From the perspective of ownership structure, among the top ten shareholders, there are many companies with state-owned background, and the largest shareholder is Shenzhen Investment Holdings.

Hong Kong Securities Clearing (Agency) Co., Ltd. is a place where investors (in short, it can be understood as retail investors) are concentrated. It has no voting right and dividend right, and the rights and interests of these shares still belong to the investors themselves.

According to the third quarter report of China Ping An 20 17, the top ten shareholders include six institutions, companies or asset management plans with China's state-owned background, such as Shenzhen Investment Holdings, Huaxia Life Insurance (Tianjin state-owned background), CITIC Construction Investment, central huijin, Shenye Group Co., Ltd. (wholly owned by Shenzhen Municipal People's Government) and Huaxia Fund-Agricultural Bank-Huaxia CSI Financial Asset Management Plan, accounting for1.

In addition, Shangfa Holdings is a bit mysterious, with little online information, but it is said that it also has a state-owned background.

Therefore, from the perspective of ownership structure, China Ping An is basically controlled by state-owned assets.

Judging from the company's management team, Chinese personnel have an advantage.

Founder and current chairman of the company: Ma Mingzhe.

Executive Directors of the Company: Sun Jianyi and Ren Huichuan.

Chief Financial Officer: Yao Bo

Chief Human Resources Executive Officer: Cai Fangfang

Chief Operating Officer and Chief Information Officer: Chen Xinying

To sum up, from the aspects of birth, company name, ownership structure and overall management, China Ping An is a state-owned company listed in Hong Kong and Shanghai.