The deep development to the Ping an life of private release

NetEase Finance July 2 News Shanghai, Hong Kong, July 2, 2010-China Ping An Insurance (Group) Co., Ltd. (hereinafter referred to as "Peace of China", "ping" or "group", Stock code: SSE 601318,hkex 2318) Today, Shenzhen Development Bank Co., Ltd. (hereinafter referred to as "Deep development") to ping An group under the ping ' an Life insurance company (hereinafter referred to as "Ping An Life") closed-release transactions successfully completed. At this point, the total holdings of Ping An and ping an in China have risen to about 1.045 billion shares, representing a total share of 29.99%. The end of the deal marks the successful completion of the deep development of China's Ping An strategic investment, announced last June.　　Ping An said that the group and its subsidiaries would forge closer strategic cooperative relations with the deep development, accelerate the growth of the group's banking business and promote the development of comprehensive financial strategy. According to the announcement, Ping an on June 28, 2010 to the deep development of the subscription of its non-public offering 379,580,000 shares of the subscription fund to pay 6,931,130,800 yuan.　　Deep Development on June 29, 2010 to complete the private issue of the share registration procedures, and received China Securities registration and Clearing limited liability company Shenzhen Branch of the Registration and storage department issued by the Securities registration confirmation. Prior to the completion of this non-public offering, the total holdings of Ping An and ping an life insurance company in China held 665,742,687 shares of deep development, accounting for about 21.44% of the 3,105,433,762 shares of the former total share capital of the private offering, and the total holding of ping An and ping an life after the completion of this non-public offering, 1　　045,322,687 shares, accounting for about 29.99% of the 3,485,013,762 shares of the total share capital after the deep development of the private offering. The deep development indicated that the successful completion of the Non-public offering of the safe life insurance has effectively upgraded the bank's capital strength, rammed the foundation of rapid and healthy development and injected a strong impetus into the business development. According to the relevant announcements, after the closed release, according to the calculation of core capital, net capital and weighted risk asset balance at the end of the first quarter of 2010, the core capital adequacy ratio and core capital adequacy ratio of the deep development will be raised to 7% and above 10% respectively, in line with the China Banking Regulatory Commission (CBRC) The latest requirement of capital adequacy level of medium-sized joint-stock commercial banks.　　The deep development will further exert the advantages of trade financing, personal loan, credit card and interbank market business in the new capital basis, dig up the potential of SME financing market and consumer credit market, and meet more business growth opportunities in asset management business and network layout. Ping An said that the successful completion of the transaction marks the successful implementation of all the scheduled tasks of China's Ping an strategic investment, which was announced last June, to achieve all the positive results, to accelerate the growth of China's Ping An bank business and to promote the three major business of "insurance, banking and investment"Balanced development, to achieve "one customer, one account, multiple products, one-stop service" business strategy is of great significance. In the future, the group and its subsidiaries will develop a closer strategic cooperative relationship with the deep development, and under the premise of adhering to the principles of corporate governance and relevant laws and regulations, we should explore all kinds of business cooperation with deep development, and create the value of continuous growth for shareholders, customers, employees and society.