Jun 09, 2023 05:17 AM

FINANCE

Ping An Bank Passes the Torch to a New President

By Liu Ran and Han Wei

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Ping An, with total assets of 5.5 trillion yuan ($772 billion) as of the end of March, is the banking arm of Ping An Insurance (Group) Co. of China Ltd.

Ping An, with total assets of 5.5 trillion yuan ($772 billion) as of the end of March, is the banking arm of Ping An Insurance (Group) Co. of China Ltd.

Ping An Bank, a national joint-stock commercial bank, named banking industry veteran Ji Guangheng as its new president.

Ji succeeds the retiring Hu Yuefei, Ping An’s president since 2016, the Shenzhen-based lender said Thursday in a statement. Ping An, with total assets of 5.5 trillion yuan ($772 billion) as of the end of March, is the banking arm of Ping An Insurance (Group) Co. of China Ltd., one of the country’s largest insurers.

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