Group 1 - Ping An Asset Management Co., Ltd. (PAAMC) is ranked 33rd in the world and 3rd in Asia in the Top 500 Asset Managers 2024 list by Investment & Pensions Europe (IPE), improving three spots from the previous year [4] - There are 52 Chinese asset management companies included in this year's IPE ranking, with a total Assets Under Management (AUM) of RMB72.4 trillion as of the end of 2023, indicating strong growth in China's asset management industry [5] - PAAMC had RMB5.03 trillion in AUM as of December 31, 2023, and offers diversified one-stop investment management solutions to both domestic and overseas clients [7][8] Group 2 - PAAMC was established in 2005 and is one of the first insurance asset management companies approved by the National Financial Regulatory Administration [7] - The company has been on the IPE list for five consecutive years and has maintained a position in the top 50 for four consecutive years [8] - PAAMC became a signatory of the UN-supported Principles for Responsible Investment (PRI) in the Investment Manager category in 2023 [8]
Ping An Asset Management Up to No. 33 in Top 500 Asset Managers 2024