Trade Ping An Insurance (Group) Company of China Ltd. - 2318 CFD

Trading Conditions

• Type: CFD
• Spread: 0.3
• Long position overnight funding adjustment: -0.01757%
• Short position overnight funding adjustment: -0.00435%
• Overnight funding adjustment time: 22:00 (UTC)
• Currency: HKD
• Min traded quantity: 1
• Margin: 5.00%
• Stock exchange: Hong Kong
• Commission on trade: 0%
• Guaranteed stop premium: 1%

Key Stats

• Prev. Close: 67.9
• Open: 66.4
• 1-Year Change: 45.3%
• Day's Range: 65.3 - 67.1

About Ping An Insurance (Grp) Co of China Ltd.

Ping An Insurance (Group) Company of China, Ltd. is a personal financial services provider. The Company provides insurance, banking, investment, and Internet finance products and services. The Company operates its businesses through four segments. The Insurance segment provides life insurance and property insurance, including term, whole-life, endowment, annuity, automobile and health insurance. The Banking segment is engaged in loan and intermediary businesses with corporate customers and retail business. The Assets management segment is engaged in security, trust and other assets management businesses, including investment, brokerage, trading and asset management services. The Internet Financing segment is engaged in the provision of Internet finance products and services.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Ping An Insurance (Grp) Co of China Ltd. revenues decreased 3% to RMB1.288T. Net income decreased 29% to RMB101.62B. Revenues reflect Unrealized gains/(losses) decrease from -RMB4.77B to -RMB22.61B, Share of profits and losses of associate decrease of 56% to RMB7.35B. Net income also reflects Net impairment losses on financial asset increase of 17% to RMB90.49B (expense).

Equity composition

All unlisted foreign shares were converted into H share upon IPO. IPO date: 6/24/04. All shares related info. from FY'01 to FY'03 are pro forma, reflecting the capitalization issue on December 19, 2003. H share for FY'01 -03 are unlisted Foreign Shares.