Ping An Creates Global Top-Grade Financial and Medical Think Tank in Cooperation with Tsinghua University

Promoting the Development of Smart City in China

HONG KONG and SHANGHAI, Oct. 31, 2017 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEx: 2318; SSE: 601318) today announced the establishment of the Global Financial and Economic Development Research Center and Global Medical and Healthcare Research Center ("the two centers") in cooperation with Tsinghua University. The aim is to create a global top-grade think tank on the back of the world-leading scientific research capabilities and elite scientists of Tsinghua University, and the results of technology innovation in fintech, healthtech and smart city development by the Ping An Group. The think tank will be instrumental in the establishment of a national modern financial industry system, in enhancing the overall healthcare level across the country, and in providing powerful support to the building of a digital China and a smart society.

The two centers will form a committee consisting of eminent scientists from China and overseas. Mr. Li Jiange, Chairman of Sun Yefang Foundation of China and Vice Chairman of Central Huijin Investment Limited, will lead the Global Financial and Economic Development Research Center. The team will focus on the research of key issues in the areas of globalization, strategy development and forward-looking planning, and relate these areas to such issues as the reform of financial institutions in China, financial risk mitigation, as well as the establishment of a modern system for the financial industry in China. The team will keep track of world-leading fintech developments and delve deep into financial research related to the Belt and Road initiative. It will probe the global financial crisis and asset bubbles and study ways to guard against such risks. It will also examine the impact on the global financial industry of international leading technologies such as artificial intelligence, cloud computing, blockchain and big data and it will study trends in the global financial industry.

Under the guidance of Mr. Jin Xiaotao, Vice Minister of the National Health and Family Planning Commission of the People's Republic of China, the Global Medical and Healthcare Research Center was established. It will focus on the research of medical applications of artificial intelligence, personal health risks, medical services institutions' management, health economics and health big data. It will enhance the academic level of domestic medical theory research and strengthen the power of research results to bring about change. It will actively advance the state and enterprise to further participate in global health development, keeping track of the settlement of major livelihood issues to help realize a "Healthy China".

In addition, in response to the strategic deployment of policy of "The implementation of insurance for all citizens, so that everyone has protection" in the 19^th National Congress for the protection and improvement of people's livelihood, Ping An will join hands with Tsinghua University to conduct an in-depth research for insurance products that are suitable for people with low incomes. The plan is to launch new insurance products in the future which will be covering the citizens with low incomes and will help the country in building a multi-level social security system.

Dr. Chen Xu, Tsinghua University Secretary of Party Committee, said: "The report of the 19^th National Congress of the Communist Party of China (the 'Party') pointed out that it is necessary to speed up the construction of an innovative country and establish a technologically innovative system based on the needs of enterprises that is market-oriented and represents a deep integration of technological research and innovation which promotes the transformation of scientific and technological achievements. Tsinghua University works closely with Ping An in building a global top-grade financial and healthcare think tank on the back of Tsinghua University's global strategy, to capitalize on the core competencies of enterprises and schools, to research cutting-edge technology in the financial and medical fields and to nurture technological talent. It will continue to strengthen theoretical research and the transformation of scientific and technological achievements to generate world-class research results, enhance national financial and medical services capabilities, services levels and services efficiency and to achieve the great rejuvenation of the Chinese nation."

Dr. Peter Ma, Chairman and Chief Executive Officer of Ping An, said: "We are glad to collaborate with the top university in the country to establish a global top-grade financial and medical think tank, to advance the development of China's fintech and healthtech to become world-leaders, so as to contribute Chinese ingenuity to the development of global technologies and offer a Chinese solution. Ping An hopes to push its fintech and healthtech to the next level through the cooperation with Tsinghua University and share its accumulated pool of information in the areas of fintech and healthtech, giving free rein to the competencies of both sides and complementing each other. In the future, Ping An will increase its investments in research and provide quality references for the Party and related departments, to contribute to the country in the construction of smart cities. It will proactively facilitate the use of research to incubate quality healthcare and financial services across the nation. In addition, the two centers will gather the best finance and healthtech talent in the world and contribute to the exchange and cultivation of talent."

Dr. Yang Bin, Vice President and Dean of Tsinghua University and Executive Dean of Global Development Institute, offered his congratulations and said: "Ping An is not only a role model for the development of Chinese enterprises, but also has strong international competitiveness. Tsinghua University and Ping An collaboratively strengthen the construction of new think tanks with Chinese characteristics, providing assistance to the new era of socialism with Chinese characteristics and implementing the spirit of the 19^th Party Congress. They will focus on providing assistance to the new era of socialism with Chinese characteristics, host in-depth discussions of major technologies, strategies and development of the Party and state governance, constructing a new era of socialism with Chinese characteristics, build great policies and help China's building out its Belt and Road initiative and the global development strategy of Tsinghua University."

About Ping An

As China's first joint stock insurance company, Ping An Insurance (Group) Company of China, Ltd. ("Ping An") is dedicated to becoming a world-leading personal financial services provider. Today, it is an integrated, compact, multi-functional financial services group with services that include insurance, banking, and investment. As at 30 June 2017, the Group had over 143 million individual customers. As at the end of June 2017, the Group's consolidated total assets reached RMB5.99 trillion while equity attributable to shareholders of the parent company stood at RMB425,780 million. Ping An Life and Ping An Property & Casualty are both ranked the second largest in China, Ping An Annuity ranked top in China in their respective areas by premium income. Its subsidiary Ping An Bank is China's first joint stock bank. The Company's key areas of business include investment, with subsidiaries such as Ping An Trust, Ping An Securities and Ping An Asset Management. Further, Ping An strives to develop internet finance, including Lufax, Ping An Good Doctor, Ping An Haofang, E-Wallet, Financial OneConnect. It has achieved significant growth in both the scale and user base of internet finance. As at 30 June 2017, the number of internet users of the Company reached 403 million.

Ping An ranked 16^th in Forbes' 2017 Global 2000, it ranked 39^th in Fortune Magazine's 2017 Global 500 Leading Companies. Apart from these accolades, Ping An ranked 61^st in WPP Millward Brown's BrandZ™ Top 100 Most Valuable Global Brands ranking.

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SOURCE Ping An Insurance (Group) Company of China, Ltd.

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