1988 ping an became the first joint-stock insurance company in China. On March 2 1, State Councilor and President Chen He, executive vice president of the People's Bank of China, officially issued an official reply, agreeing that the social insurance company of Shekou Industrial Zone and Shenzhen Trust and Investment Company of Industrial and Commercial Bank of China should invest 49% and 5 1% respectively to establish Ping An Insurance Company, becoming the first joint-stock insurance enterprise in China. On the morning of May 27th, Ping An Insurance Company held its opening ceremony in Building 6, China Merchants North Road, Shekou Industrial Zone, China Merchants Group, Shenzhen Special Economic Zone. This day is designated as "Peace Day". The birth of Ping An introduced the market competition mechanism into the insurance market, which broke the monopoly of China insurance market for decades after the founding of the People's Republic of China, and was a milestone in the insurance history of China.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.