On January 31, Ping An Insurance (Group) Company Of China Ltd(601318) announced at the Hong Kong stock exchange that its Ping An Life received the reply of the China Banking and Insurance Regulatory Commission on the equity investment of Ping An Insurance (Group) Company Of China Ltd(601318) Life Insurance Co., Ltd. in xinfangzheng group issued by the Bank Of China Limited(601988) Insurance Regulatory Commission, and the China Banking and Insurance Regulatory Commission agreed that Ping An Renshou should invest in xinfangzheng group.
Ping An Insurance (Group) Company Of China Ltd(601318) said that in the next step, the company will strictly implement the approval requirements, actively promote the agreement on restructuring investment and the restructuring plan with all parties, and orderly promote asset delivery, business development, asset disposal and other matters
transfer 66.51% equity
According to the announcement, according to the provisions of the restructuring investment agreement and the selection of creditor’s rights settlement scheme by the restructuring subject, Ping An Life plans to invest about 48.2 billion yuan to acquire about 66.51% of the equity of xinfangzheng holding Development Co., Ltd. (hereinafter referred to as “xinfangzheng group”).
It is reported that since last year, the “1 + 4” main body reorganization of Founder Group has been smoothly promoted and has entered the substantive operation stage. On April 30, 2021, Ping An Insurance (Group) Company Of China Ltd(601318) signed the restructuring investment agreement of Founder group with all parties; On June 28, 2021, Beijing No. 1 Intermediate People’s court ruled to approve the reorganization plan (Draft) of five companies including Peking University Founder Group Co., Ltd; On August 11, 2021, Ping An Life’s acquisition of the equity of xinfangzheng group was approved by the antitrust bureau of the State Administration of market supervision and administration; From October 21, 2021 to January 25, 2022, new founder holding Development Co., Ltd., Peking University Medical Management Co., Ltd., founder Information Industry Co., Ltd., founder International Trade Co., Ltd., founder commercial real estate Co., Ltd., founder Commercial Management Co., Ltd Founder International Education Consulting Co., Ltd. and other seven new Founder group entities were registered and established in batches.
In response to the restructuring of Founder group, Ping An Insurance (Group) Company Of China Ltd(601318) general manager and co CEO Xie Yonglin once pointed out at the semi annual performance conference in 2021 that the original intention of Ping An’s participation in the restructuring of Founder group of Peking University is to create a more warm financial and insurance service unique to Ping An Group through the coordination of medical resources, and the resources of Peking University Medical Group are very scarce in the market.
“Next, we will only retain medical and other sectors related to Ping An’s core business, and other parts are being transferred or sold in a market-oriented manner in accordance with the predetermined plan.” Xie Yonglin revealed
accelerate the construction of medical and health ecosystem
Orient Securities Company Limited(600958) the research report points out that after participating in the reorganization, Ping An is expected to realize value improvement in three aspects in the future:
First, create online and offline collaboration, combine safe and good doctors with Peking University Medical Group, expand the medical consortium, and increase hospital traffic and income;
Second, build a financial + medical system, which will develop products based on health services on the basis of only one insurance policy in the past;
Third, open up the health management system, combine the chronic disease management, serious illness monitoring and elderly care industry, and develop combined products.
Source: Orient Securities Company Limited(600958)
“This transaction will make up for Ping An’s slow progress in the construction of its own medical network to a large extent, explore the combination of medical and health and insurance scenarios, and create a new ecosystem of ‘medical and health + insurance’ by helping offline medical and insurance businesses win customers and driving the improvement of debt side sales.” Orient Securities Company Limited(600958) indicates.
In fact, in recent years, Ping An Insurance (Group) Company Of China Ltd(601318) has focused on large financial assets and large medical health, comprehensively built a medical health ecosystem, deeply served the participants in all links of the medical industry, and widely empowered it in the main financial industry.
On October 28 last year, Ping An Insurance (Group) Company Of China Ltd(601318) the first batch of high-end health management centers were established simultaneously in Beijing and Shenzhen. As an important part of Ping An medical and health ecosystem, Ping An high-end health management center will become one of the undertaking institutions for the implementation of Ping An customer health management services.
Du Peng, deputy secretary of the Party committee of Ping An Insurance (Group) Company Of China Ltd(601318) group, said at the listing ceremony that the establishment of the high-end health management center is a solid step after the restructuring of Ping An participants. In the future, it will further enrich the “insurance + health” model and deeply integrate Ping An’s medical and health ecosystem with insurance products and services by relying on medical resources such as Peking University Medical and Ping An Longhua Hospital, Further enrich the medical ecological services, and deepen the medical empowerment in the main financial industry, so that customers can enjoy the warm “insurance + health” life services.
