Ping An Ins Group Co China Ltd - PNGAY STOCK NEWS

Ping An Insurance (Group) Company of China has launched a new home-based elderly care service through its subsidiary, Ping An Life. This service integrates healthcare and insurance, providing a comprehensive 'one-stop' solution for elderly care. Key features include a dedicated concierge, health monitoring, and 24-hour medical access supported by a team of doctors. As of September 30, 2021, Ping An's healthcare services reached 187 cities, serving over 3.22 million chronic disease patients, showcasing the strength of its healthcare ecosystem.

Ping An Insurance has donated RMB10 million in COVID-19 diagnostic test kits and protective equipment to the Hong Kong SAR Government through the Ping An Foundation, aimed at supporting frontline medical staff during the pandemic. The donation, which includes masks, protective clothing, and face shields, is expected to arrive in Hong Kong by March 15. Since the pandemic's onset in 2020, Ping An has contributed over RMB180 million in supplies and cash, along with providing RMB18 billion in financial support to affected sectors.

Ping An Insurance (Group) Company of China announces that its associate, Lufax Holding Ltd (NYSE: LU), has been included in the MSCI China All Shares Index, effective after market close on February 28, 2022. This inclusion is a testament to Lufax's market position and growth potential, enhancing its visibility among global institutional investors. Lufax recorded a 21.8% income increase to RMB 15,924 million and a net profit of RMB 4,115 million in Q3 2021, signifying strong performance in the personal financial services sector.

Ping An Insurance has received approval from the China Banking and Insurance Regulatory Commission for Ping An Life Insurance to invest in New Founder Group. The investment involves acquiring a 66.51% equity interest for approximately RMB48.2 billion. This restructuring initiative aligns with Ping An's strategy to enhance its healthcare ecosystem, particularly through the integration of financial and health services. The restructuring plan, proceeding smoothly since April 2021, reinforces Ping An's aim to become a leading provider in integrated finance and healthcare services.

Ping An Insurance (Group) Company of China has been named the World's Most Valuable Insurance Brand for the sixth consecutive year, according to Brand Finance's Global 500 2022 Report. Ping An ranked 21st among the top 500 global brands with a brand value of US$54.6 billion and a brand strength rating of AAA-. The company reported a 3.1% year-to-date increase in retail customers, reaching over 225 million. Additionally, its commitment to sustainability was highlighted by its progress in green financing, aiming for RMB400 billion in investment and credit by 2025.

Ping An Insurance, listed on HKEX: 02318 and SSE: 601318, has initiated a one-year campaign aimed at conserving the critically endangered South China Tiger, with only 250 remaining in captivity. The foundation launched with an initial donation of RMB 1.5 million will fund improvements in habitat, breeding research, water sanitation, and educational outreach. Volunteers from Ping An will also participate in conservation activities. This aligns with Ping An's broader commitment to biodiversity, as seen in previous projects for giant pandas and Northeast tigers.

Ping An Insurance (Group) Company of China has released its 2020 Climate Risk Management Report, detailing its green finance strategy and commitment to climate risk governance. The report showcases Ping An's achievements, including an A- ranking from CDP, and its plans for operational carbon neutrality by 2030. As of September 2021, green investments exceeded RMB208.89 billion with green credit disbursed totaling RMB53.28 billion. The Group emphasizes its role in promoting sustainable development through responsible investment and innovative financial services.