Founded on March 21, 1988, Ping An Insurance Company went formally into operation on May 27. The company was enrolled in the State Administration of Industry and Commerce and headquartered in Shenzhen. The company was renamed as China Ping An Insurance Company upon the approval of the State Council on June 4, 1992, and was finally named as China Ping An Insurance Co., Ltd. upon the approval of the State Administration of Industry and Commerce on January 16, 1997. The company business covers any part of China and overseas regions or cities with its branches. It deals with all kinds of insurance (including various legal insurance) and international re-insurance. At present, the company has formed an intensive, high-efficiency and diverse business framework integrated with securities, trust, investment and overseas business by centering on insurance. China Ping An Insurance Co., Ltd. is the first shareholding insurance company, and also the first nationwide insurance company with overseas shares. For 14 years since its establishment, the company has seen rapid progress on its various business. In 2001, it gained the insurance income of RMB 46.457 billion yuan, with an increase rate of 70 percent in comparison with the previous year, and 40 % higher than the average level of the whole industry. Its life insurance income hit RMB 40.017 billion yuan, which the first time exceeded RMB 40 billion yuan, up 78 percent over 2000. Its property insurance income hit RMB 6.440 billion yuan, with an increase rate of 33 percent. At present, the company has got a sales group of 250 thousand people and 18 million steady clients. On Shanghai market, the most open market with most severe competition of Chinese insurance industry, China Ping An Insurance Co., Ltd. holds half of the market shares, and also takes the lead in the market shares of some major cities such as Beijing, Tianjin and Dalian. The company honors the 23rd in the top one hundred life insurance companies in Asia-Pacific area by the journal Asia Week. Its asset profit margin is 2.0 percent, ranking the lst in the top 23 insurance giants. In September 2001, China Ping An Insurance Co, Ltd became the first domestic financial insurance company being awarded the credit grade “AAA”, and won the title of “Best Insurance Service” in the “Best Service Brands in China” honored by the journal Capital. The company was listed as the only insurance company in the competition for “Most Respected Enterprises in China” held in April of this year. Integrated with Chinese excellent traditional culture and the pith of western modern management ideology, China Ping An Insurance Co., Ltd. has formed renowned corporate culture. The company’s corporate mission is to be responsible to clients with supreme service and honest guarantee; to be responsible to employees with life planning and peaceful settlement and favorite career; to be responsible to shareholders with asset increment and stable return; and to be responsible to society with good return and efforts for national construction. With value maximization as the direction, excellence pursuit throughout the process and lofty morality and merits as the destination, the company has set up the individual values of “Honest, Faith, Progress and Achievement”, and the team values of “Unity, Vigor, Study, and Innovation”. The company depicts the prospect and aspiration for its employees: to build the company into a pioneer of Chinese enterprise reform and a study sample of financial service sector, and advance into a worldwide first-rate comprehensive financial service group. China Ping An Insurance Co., Ltd. has steady financial operation. The company has established scientific and clear investment organization framework, professional decision-making system, and risk management and control system, ensuring stability of investment decision-making and efficiency of risk prevention. The company becomes the only one issuing financial report and actuaries’ report in accordance with international standard for consecutive eight years among domestic Chinese-funded insurance companies. Its non-performing asset rate remains below one percent and its asset quality takes the lead in Asian financial enterprises. The company has a well-educated, professional and internationalized staff. Its all-directional internationalized talents including those in financial, actuarial and IT fields, as well as in marketing management, human resources and brand management, which enjoy good reputation inside and outside the industry. The company’s talent internationalization strategy has received high appraisal in China. Steven Mayer, the general actuary of the company, was awarded the national “Friendship Prize” in 2001, and was warmly received by Premier Zhu Rongji of the State Council. This was a national honor awarded for the first time in China’s financial service sector. Meanwhile, the company persistently pays attention to the education of its employees and training of local talents. It actively constructs Ping An Financial University and enfolds the first post-doctorate work station of domestic insurance enterprises, laying a solid foundation for training a large number of local professionals.China Ping An Insurance Co., Ltd. endeavors to create its brands with good services, actively providing clients with various value-added services beyond insurance slips. The company initially presents overseas emergency and difficulty aid service, creates Client Service Day, and issues Ping An Insurance Client Card, as well as Interlink Card. The company bends itself to constructing high-tech service platform and providing professional products and service for clients. Centering on telephone center and Internet and relying on store service center and marketing professionals, the company constructs the Ping An “AAA” service system with unified brand management system and service interface, providing clients with content services anytime, anywhere, and anyway. Looking ahead in the new century, China Ping An Insurance Co., Ltd. will maintain brave in exploration and determine to carry out innovation, intensify its various business management, and sharpen its core competitive edge. The company will strive to be ranked on Fortune 500 on operation scale and world top 400 on operation quality, securing honor and pride for Chinese insurance industry, and making contributions for national well-being and social prosperity.