Ping An Insurance Says Internationalization Has Already Began

The transcript discusses Pinggan's response to regulatory challenges in China, highlighting strong financial performance despite weak life insurance growth. It explores the company's market concentration, international expansion, and significant investments in technology. The focus is on leveraging technology for growth, particularly in Southeast Asia, and the profitability of tech units. Risk management and prudent operations are emphasized as key strategies.

What was the percentage increase in Ping An's net income in the first half?

• 23%

• 34%

• 24%

• 10%

How many different businesses does Ping An operate?

• 23

• 15

• 33

• 10

Which region has Ping An expanded its tech businesses into?

• Southeast Asia

• North America

• Europe

• Africa

What percentage of new retail customers were acquired through ecosystems in the first half?

• 50%

• 33%

• 25%

• 40%

What is the current contribution of technology to Ping An's operating profit?

• 7%

• 1%

• 10%

• 5%

How many tech patent applications does Ping An have?

• 24000

• 6100

• 5000

• 10000

What was the reason for the drop in Lufax's AUM?

• Market downturn

• Regulatory fines

• Increased competition

• Legacy product restructuring