Each insurance company invests in different projects and has different sources of income. It does not mean that banks are necessarily strong, so insurance companies are not required to set up banks.
Extended data:
Ping An Bank, the full name of Ping An Bank Co., Ltd., is a cross-regional joint-stock commercial bank controlled by China Ping An Insurance (Group) Co., Ltd., and one of Chinese mainland 12 national joint-stock commercial banks. The registered capital is 565,438 yuan+23.35 million yuan and the total assets are nearly 65,438 yuan +0.37 trillion yuan. Its headquarters is located in Shenzhen, Guangdong Province.
China Ping An Insurance (Group) Co., Ltd. (hereinafter referred to as "China Ping An") and its holding subsidiaries hold about 2.684 billion shares of Ping An Bank, accounting for about 52.38%, and are the controlling shareholders of Ping An Bank.
There are 34 branches in China and representative offices in Hongkong. 20 12, 1, Shenzhen Development Bank, the predecessor of Ping An Bank, acquired Shenzhen Ping An Bank, a subsidiary of Ping An Insurance Group. After the acquisition, SDB changed its name to New Ping An Bank, which officially opened.
On May 24, 20 13, an official internal document was issued to announce the adjustment of the organizational structure of the Head Office. The first-level departments of the Head Office were reduced from 79 to 52, and three industry divisions, 1 1 product division and 1 platform division were newly established or integrated.
By the end of June, 20 13, Ping An Bank's total assets 1826998 billion yuan, total deposits1175310 million yuan, and total loans (including discounts) were 7,864.84 million yuan.
20 13, 13 On the evening of February 30th, Ping An Bank announced that it had received the approval from China Securities Regulatory Commission to issue no more than13.23 million new shares in a non-public manner, and Ping An Bank would complete this private placement within six months.
References:
Baidu encyclopedia-China Ping An Life Insurance Company of China insurance co., ltd