Is Ping An Bank a state-owned enterprise or a private enterprise?

China Ping An is a private enterprise, its industry is insurance, and its area is Guangdong Province. Its business scope includes: investing in insurance enterprises; Supervise and manage various domestic and international businesses of holding investment enterprises; Carry out insurance fund utilization business; Approved to carry out domestic and international insurance business; Other businesses approved by China Insurance Regulatory Commission and relevant state departments. The recruitment requirements of the company are: 1. Professional knowledge of relevant positions; 2. Good team spirit; 3. Good language skills and communication skills; 4. Work hard and have a sense of responsibility. China Ping An is the first joint-stock insurance company in China. At first, it relied on the development of state-owned assets, and later, it continuously introduced various investors, which accelerated the pace of development. Now, Ping An in China has become the leading large-scale financial holding group in China, ranking among the top 5 in the world. Its profit level has remained in the top ten in China for a long time, and its market value is as high as one trillion.

However, since 221, the market value of Ping An in China has fallen sharply. According to statistics, the share price of Ping An in China broke through 9 yuan last year, but now it has fallen to 5 yuan, and its share price has dropped by 4%. As of September 7th, the market value of China Ping An was 956.7 billion yuan, less than one trillion yuan, which was 4 billion yuan lower than the peak period last year.

Because the market value of Ping An in China has dropped to a great extent, after the publication of the semi-annual report, Ping An in China officially announced that it would spend 1 billion yuan to buy back its shares. In the following days, Ping An in China has started to buy back its shares.

At the same time, Ma Mingzhe, the head of China Ping An, also bought back shares. You should know that this is the first time that Ma Mingzhe has increased its shareholding in China Ping An since China Ping An went public. According to the records, Ma Mingzhe bought 4, shares of China Ping An, with a transaction amount of 2.7 million yuan. In addition, many senior executives of Ping An are actively increasing their shareholding in China Ping An. In the process of China Ping An's market value evaporation, the major shareholders behind it surfaced. It is reported that CP Group, the largest shareholder of China Ping An, has reduced its shareholding once at the peak of its market value last year, and has reduced its shareholding again this year. The two shareholding reductions amount to more than 2 billion yuan. CP Group comes from Thailand and is also known as "Zhengda Group" in mainland China.

As a financial giant, China Ping An's every move has attracted the attention of the market. For a long time, the question of whether China Ping An belongs to a state-owned enterprise or a private enterprise has puzzled many netizens. As the major shareholder of China Ping An belongs to foreign capital, some even questioned whether China Ping An belongs to a foreign-funded enterprise. The official finally gave the answer this time.

As the article said earlier, Ping An in China was originally a state-owned enterprise. As early as the company was founded, the company had only two shareholders: Industrial and Commercial Bank of China and China Merchants Group, both of which were large state-owned enterprise groups. Therefore, in the initial development stage, Ping An in China was an insurance company with the nature of a state-owned enterprise, but later it changed because of one person, namely Ma Mingzhe.

in Ma Mingzhe's view, if China Pingan wants to grow and develop, it must change its thinking and break the traditional thinking. As a result, in the process of development, strategic investors have gradually entered. In addition to state-owned assets, there are many foreign capitals, in order to change the enterprise system. In order to avoid the monopoly of the major shareholders, Ma Mingzhe proposed the design that the share rights should be dispersed instead of the controlling shareholders, and the management team should realize the absolute control of the company.

Shortly afterwards, ICBC and China Merchants Group successively withdrew from Ping An in China, while HSBC in the UK became the largest shareholder of Ping An in China in 22. During the 1 years when HSBC held shares, the market value of Ping An in China climbed all the way, and finally HSBC successfully cashed in at a high level in 212, from which it earned rich profits.

In the process of reducing HSBC's holdings, China Ping An increased its holdings of HSBC's shares in the opposite direction. Who would have thought that Ping An of China eventually became the largest shareholder of HSBC, which can be said to be a very dramatic phenomenon, but from the investment point of view, both of them are for the purpose of financial investment.

At the same time, CP Group (Zhengda Group) from Thailand is also increasing its shareholding in China Ping An. In the end, CP Group has become the largest shareholder of Ping An in China. Although it has reduced its shareholding last year and this year, it is still the largest shareholder according to its shareholding ratio (about 7%).

Therefore, Ping An in China has no controlling shareholder, and its equity is scattered. Ma Mingzhe and his team firmly control the company, so Ping An in China is a non-state-owned enterprise. In fact, the official public platform of China Industrial and Commercial Bank made it clear when answering questions from netizens: Ping An in China is not a state-owned enterprise, which can be regarded as an accurate answer given by the government.