Co-CEO: PING AN To Explore CN Elderly Mkt by Innovative Biz Model

　　PING AN (02318.HK) +1.400 (+3.955%) Short selling $63.37M; Ratio 10.105% quoted co-CEO Guo Xiaotaos dialogue on “Finance in the Age of Longevity” at the Summer Davos Forum that China's entry into an aging society entailed immense business opportunities for the financial service industry. The core of pension planning lies in wealth management and health management. Yet, the awareness of the elderly in China to plan for their financial security in advance is low, and the current pension services on the market are fragmented, lacking standards and a supervision system.

　　The Group is exploring the Chinese silver market by forming an innovative business model that “represents the payer and integrates the supplier” through technology empowerment, integration of financial products and pension services, and is comprehensively designing financial + pension products for the silver customer group.

　　Guo pointed out that Ping An provides insurance products that cover the entire life cycle of the elderly, while integrating medical and health care services for the elderly, focusing on building and deepening the innovative model of “insurance + services.” Guo explained that Ping An's advantage lies in its platform integration capabilities, integrating upstream suppliers into a service system that accurately identifies customer needs. The company has a customer base of 234 million individuals, and has also accumulated a reputation and advantages that can be used to pool purchasing power.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-28 12:25.)