INTRODUCTION

Ping An Insurance (Group) Company of China, Ltd. ("Ping An", "the Company" or "the Group") was established in Shekou, Shenzhen, in 1988. With the support of governments at all levels, regulatory authorities, customers and the society, Ping An has grown into one of the three major integrated finance conglomerates in China. To serve the real economy, Ping An P&C continuously explores the new model of “insurance + technology + service” for improving the quality and efficiency of the real economy and bolstering five key financial sectors, i.e. technology finance, green finance, inclusive finance, pension finance and digital finance. Ping An P&C developed 6,500 products covering over 20 industries, and provided RMB 220 trillion worth of insurance coverage for 2.40 million small and micro-enterprises in 2024. Ping An P&C issued 2.31 million science and technology insurance policies, and provided RMB 9 trillion worth of insurance coverage for 69 thousand technology companies in 2024.