Is it true that Ping An was incorporated by the state?

It's not true. The rumor that Ping An Group was incorporated by the state has not been officially confirmed as of June 24, 2023. Ping An Group is a well-known financial and insurance enterprise in China, whose business involves insurance, banking, securities, investment and other fields. As a listed company, Ping An Group's shareholding structure and operating conditions have attracted the attention of regulatory authorities and shareholders.