Ping An's Unit Receives a License to Manage Assets in Hong Kong.

HONG KONG -- The Hong Kong Securities and Futures Commission has granted Ping An of China Asset Management (Hong Kong) Company Limited ("Ping An Asset Management (Hong Kong)") a license to conduct asset management business in Hong Kong.

With the granting of the license for a Type 9 regulated activity on March 1, 2007, Ping An Asset Management (Hong Kong) will be able to provide equity, bond and other investment portfolio management services for all subsidiaries, onshore and offshore units of Ping An Insurance (Group) Company of China Ltd ("Ping An"; HKSE:2318; SSE:601318).

"The asset management license in Hong Kong is a great kick-off for investing in foreign currency securities by the Ping An Group," said John Pearce, Ping An's Senior Vice President and Chief Investment Officer. "We plan to put in place a world-class investment management platform at Ping An Asset Management (Hong Kong), building expertise to become a trusted international investing expert for China."

"Ping An will adheres to its investment philosophy of creating sustainable returns through long-term, stable investing and disciplined, professional management by seasoned experts," Mr Pearce added.

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

Ping An is a diversified financial holding group founded in 1988, headquartered in Shenzhen, Guangdong Province, China. Ping An integrates securities, trust and banking services with insurance as its core business. It is a listed company on the main board of the Hong Kong Stock Exchange under the name "Ping An of China" and the stock code "2318". On March 1, 2007, it began trading as an A share on the Shanghai Stock Exchange after an initial public offering that raised RMB 38.87 billion and was the world's largest for an insurer.

Over the last 18 years, Ping An has become one of China's best-known financial industry brands both domestically and internationally. The Group has an extensive domestic customer base and is one of the few Chinese financial institutions providing integrated insurance, banking, trust and brokerage services.