News Regional25 Oct 2019

Ping An posts 21.5% jump in profit

In the first nine months of 2019, Ping An Insurance Group (Ping An) reported steady growth in its overall performance and various businesses. The Shenzhen-headquartered conglomerate achieved an operating profit of CNY104.06bn ($14.71bn), marking a 21.5% year-on-year increase, while its net profit rose 63.2% year on year to CNY129.57bn. The increases were attributed to the shareholders of Ping An, a holding conglomerate comprising subsidiaries who mainly offer insurance, banking and financial services.

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