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Ping An to Sell Control of Listed Company to Chip Consortium

Published: Dec. 22, 2025 6:31 p.m. GMT+8

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Ping An Insurance (Group) Co. of China Ltd. has agreed to sell control of China Hi-Tech Group Co. Ltd. (600730.SH), continuing its divestment of noncore assets inherited from the restructuring of Peking University Founder Group Corp.

China Hi-Tech said Saturday that a Ping An subsidiary will transfer its 20.03% stake in the listed company to Hubei Yangtze River Shiyu Xinji Semiconductor Co. Ltd. (Yangtze Semiconductor).

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Ping An Insurance is selling its 20.03% stake in China Hi-Tech Group to Yangtze Semiconductor for about 1.2 billion yuan ($170 million).
The sale is part of a court-ordered divestment of noncore assets from the restructuring of Peking University Founder Group in 2021.
Yangtze Semiconductor, established for this deal, plans to add semiconductor packaging operations to China Hi-Tech, creating a dual-core business model.

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Who’s Who

Ping An Insurance (Group) Co. of China Ltd.: Ping An Insurance (Group) Co. of China Ltd. is divesting noncore assets, including its 20.03% stake in China Hi-Tech Group Co. Ltd., for approximately 1.2 billion yuan ($170 million). This divestment is a result of a 2021 court-led restructuring of Peking University Founder Group Corp. and aligns with Ping An's strategy to focus on its core insurance business.

China Hi-Tech Group Co. Ltd.: China Hi-Tech Group Co. Ltd. is a company that Ping An Insurance (Group) Co. of China Ltd. is selling its controlling stake in. This divestment is part of Ping An's obligation to shed noncore assets acquired during the restructuring of Peking University Founder Group Corp. The company will merge semiconductor services and vocational education into a dual-core business model.

Peking University Founder Group Corp.: Peking University Founder Group Corp. underwent a court-led restructuring in 2021. As a result, its noncore assets, including China Hi-Tech Group Co. Ltd., were inherited by Ping An Insurance (Group) Co. of China Ltd. Ping An is now divesting these assets, as seen in the recent sale of China Hi-Tech.

Hubei Yangtze River Shiyu Xinji Semiconductor Co. Ltd.: Hubei Yangtze River Shiyu Xinji Semiconductor Co. Ltd. (Yangtze Semiconductor) is acquiring a 20.03% stake in China Hi-Tech Group Co. Ltd. for approximately 1.2 billion yuan ($170 million). Established in November for this acquisition, it's jointly owned by Shanghai Techsense Co. Ltd. and two state-backed investment platforms. Yangtze Semiconductor plans to integrate semiconductor packaging operations into China Hi-Tech, creating a dual business model.

Shanghai Techsense Co. Ltd.: Shanghai Techsense Co. Ltd. is a semiconductor company that jointly owns Yangtze Semiconductor. It has received multiple rounds of funding from investors like IDG Capital. Through Yangtze Semiconductor, it will acquire a stake in China Hi-Tech Group Co. Ltd. and plans to integrate semiconductor packaging operations into China Hi-Tech.

IDG Capital: IDG Capital is an investment firm that has provided multiple rounds of funding to Shanghai Techsense Co. Ltd. Shanghai Techsense operates in the semiconductor sector and is a co-owner of Yangtze Semiconductor, the entity that acquired control of China Hi-Tech Group Co. Ltd.

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What Happened When

2021：: A court-led restructuring of Peking University Founder Group Corp. required Ping An to divest noncore assets, setting the disposal timeline around the end of 2025.

November 2025：: Yangtze Semiconductor was established specifically for the acquisition of China Hi-Tech.

By the end of 2025：: Ping An was required to dispose of noncore assets, including its stake in China Hi-Tech, as part of the court-led restructuring.

December 20, 2025：: China Hi-Tech announced that a Ping An subsidiary will transfer its 20.03% stake to Yangtze Semiconductor following a competitive bidding process.

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