Ping An Insurance (Group) Company of China (“Ping An” or “The Group”) was the winner of the “Best Investor Relations for an IPO” Award in this year’s Asia Awards by IR Magazine. The Group had earlier received the same award organized for the China market.
Responses to Asia Awards 2004 survey reflected the collective opinions of 475 portfolio managers, buy-side and sell-side analysts in ten Asian countries. The survey was conducted by TNS Hong Kong, an independent research company, during August and September 2004. This research is part of IR Magazine’s international survey and awards program, which also identifies the leading companies and practitioners in the UK, the Eurozone, the US, South Africa, Ireland, Central & Eastern Europe, Russia, Australia, Asia, Latin America and the Nordic countries.

Speaking at the award ceremony, Mr. Danny Chan, the Group’s deputy financial director, said, “We are honored to receive these awards and are endeavored to consistently increasing our shareholder’s value. We have established a good foundation and strive to do even better in the future.”

“These awards also stood testimony to our effective communication with the capital market, and the market’s endorsement on our business model and group’s structure,” Mr. Chan continued.

Ping An was listed on the Hong Kong Stock Exchange on June 24, 2004. The Group’s IPO, oversubscribed 58 times, raised HK$14.3 billion and was the largest IPO in the territory thus far in 2004. The Group has since been included into the Hang Seng China Enterprises Index as well as the MSCI China Free Index.