Is it true that Ping An's overseas investment suffered a huge loss of 40 billion yuan?

Whether Ping An's overseas investment is a huge loss has little to do with the public (if you are a shareholder of Ping An Insurance Company, that is another matter), because in the insurance industry, as long as the China Insurance Regulatory Commission does not close down and China's monetary and financial system does not collapse completely, the insured customers in the insurance industry will never be at risk. The CIRC is a double insurance in the insurance industry. Even if Ping An Insurance Company is taken over by insurance companies such as Life Insurance, your policy will never depreciate. If not, what other industries are insured?