Ping An Asset Management

Ping An Asset Management

Ping An Asset Management Co., Ltd. (PAAMC) was established in May 2005 with a registered capital of RMB 500 million (USD 65.8 million). Its predecessor was the Investment Management Center of Ping An Insurance Company of China, Ltd. dating back to 1997. PAAMC is a wholly-owned subsidiary of Ping An Group, located in China’s modern financial center – Pudong, Shanghai.

By the end of June 2007, PAAMC had RMB 470 billion (USD 64.4 billion) of assets under management with successful experience in long-term investment accumulated by the parent company. In equity and funds market, PAAMC has also consistently achieved outstanding returns. A list of PAAMC’s market leadership includes:

Among the first financial institutions to underwrite Treasury bonds.
Among the first qualified by PBOC to trade in primary inter-bank bond market and convertible bond market.
Among the first to obtain official approval for investing in funds.
Among the first to obtain official approval for investing in stock market.
Among the first financial institutions approved for private equity investment and trial infrastructure investment.
Among the first financial institutions approved for foreign exchange inter-bank offering/lending and foreign exchange overseas investment.

PAAMC has achieved admirable performance in various areas: in bond market, it has achieved above-market average returns for eight consecutive years since 2000; it was rated the “Excellent Trader & Clearance Member in Inter-bank Bond Market” by People’s Bank of China (PBOC, China’s central bank) for nine consecutive years.

In year 2005, Ping An Group obtained a quota of USD 1.75 billion own foreign currencies for starting overseas investment through PAAMC. In 2006, PAAMC (HK) was approved by China Insurance Regulatory Commission. This signified the initial completion of Ping An Group’s global investment platform, an important step towards global asset allocation for investment management.