Business Chief APAC+ANZ Magazine February 2020 | Page 85

TOP 10

HQ

SHENZHEN CHINA

$ 151.8bn

REVENUE IN US DOLLARS

376,900

NUMBER OF EMPLOYEES
85

08

Ma Mingzhe

PING AN INSURANCE GROUP

The president of China ’ s largest insurer , Ma Mingzhe , has been a vital driving force behind its success . He has worked in the insurance sector for his whole career , first serving as a deputy general manager of the Social Insurance segment of China Merchants Group before joining China ’ s Ping An Insurance Corporation in 1988 . Ma was behind the decision to open up Ping An to investment by foreign conglomerates such as Morgan Stanley and HSBC , a move which reportedly brought the company out from under the thumb of China ’ s financial establishment .
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