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Introduction
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Ping An Annuity Insurance Company of China
Ltd.(Ping
An Annuity ) was founded on December 1, 2004 in Shanghai. It is the first
insurance company in China specializing in Retirement Accounts and
Annuities.
Ping An Annuity
Insurance Company has registered total asset of RMB 300 million and is
wholly owned by its parent company, Ping An Insurance (Group) Company of
ChinaLtd. It offers a wide variety of products and services including
Group Retirement Accounts and Annuities, Individual Retirement Accounts
and Annuities, and other products approved by China Insurance Regulatory
Commission (CIRC).
As a public listed company in Hong Kong Stock Exchange, Ping An
Insurance (Group) Company of China Ltd has a well-structured system of
corporate governance. It has professional, experienced management team and
successful operation strategy, with a strong balance sheet, top-rated
branding, enormous client base and well-established marketing distribution
channels. Ping An Annuity Insurance Company of Chinacomplies with all
applicable laws, rules and regulations of Chinese government and other
governing agencies. Pension funds are managed by full-time, highly skilled
professional fund managers. It follows sound portfolio management practice
by using appropriate asset allocation strategies that match pension funds’
investment objectives. The company ensures that appropriate
asset-liability management strategies are being employed to provide
financially secure growth and protection.
With solid market share in China's Retirement Benefit industry,
Ping An enters an uncharted market of Employee Pension Plan and Annuities,
it provides professional financial services and products, sets a high
standard for the industry, and strives to be the China's leading service
provider for Employee Retirement Benefit and Annuities market.
The founding of Ping An Annuity Insurance Company of China marks
an important milestone in China's fast growing insurance industry . It is
a clear indication of China Ping An’s strategic vision to be the first in
industry to offer services in Employee Pension Plan and Annuities. The
entrance to this new market will greatly benefit China Ping An ' s future
growth potential and ultimately increases its shareholder's value. |
