China Ping an Insurance (Group) Co., Ltd. (hereinafter referred to as "Ping an of China" or "the Group", stock code: Hong Kong Stock Exchange 2318, Shanghai Stock Exchange 601318) announced that the Group for the eighth time in the "Institutional Investor" (Institutional Investor) 's "Best Business Management team in Asia" (All-AsiaExecutive Team) was named "the most respected Enterprise in Asia" and "(Most Honored Company)". In addition, Group Chairman Ma Mingzhe was named "Best Chief Executive Officer". Yao Bo, Co-CEO and Chief Financial Officer of (Best CEO), Group, was named "Best Chief Financial Officer" (Best CFO).
Ping an of China also ranks first in the insurance sector's "Best Investor Relations Program" (Best IR Program) and "Best Environment, Society and Governance (ESG)" (Best ESG) category.
Institutional investors is a highly recognized financial magazine in the industry, which conducts research and rankings among top analysts and portfolio managers. Every year, the magazine invites buyer analysts and seller researchers covering the region to select four companies that excel in investor relations. In the 2020 ranking, a total of 1921 participants voted for 1472 companies in Asia. Of these, 108 companies won first, second or third place in one or more of the following categories: best CEO, Best CFO, Best Investor Relations specialist, Best Investor Relations team, Best Investor Relations solution and Best ESG. 46 companies, including Ping an of China, have been rated as "the most respected companies in Asia" for their great achievements in all categories.
In recent years, under the strategic guidance of "finance + technology" and "finance + ecology", Ping an's overall business has continued to grow steadily. In 2019, the operating profit of the company's parent shareholders rose 18.1 per cent year-on-year to 132.955 billion yuan, while net profit rose 36.5 per cent year-on-year to 164.365 billion yuan. As of March 31, 2020, Ping an of China had more than 204 million individual users and 534 million Internet users.
As a leading international technology-based financial group, Ping an provides services to domestic and foreign institutions and individual investors in accordance with the principles of compliance, objectivity, consistency, timeliness, interaction and fairness, and strives to improve the level of group governance. realize the fair enterprise value of the group. Ping an of China implements the strategy of deepening ESG and deeply promotes its integration into enterprise strategy and management. The Group signed the principles of responsible Investment in 2019, becoming the first owner of Chinese assets and the first Chinese company to sign Climate Action 100 + and Sustainable Insurance principles. At the beginning of this year, the Group provided support to China in the fight against the epidemic through a series of measures, including donation, insurance, financial services and medical assistance.