2013 Interim Results

August, 2013

Cautionary Statements Regarding Forward-Looking

StatementsTo the extent any statements made in this presentation containing information that is not historical are

essentially forward-looking. These forward-looking statements include but not limited to

projections, targets, estimates and business plans that the Company expects or anticipates will or may occur

in the future. These forward-looking statements are subject to known and unknown risks and uncertainties

that may be general or specific. Certain statements, such as those include the words or phrases

"potential", "estimates", "expects", "anticipates", "objective", "intends", "plans", "believes", "will", "may", "s

hould", and similar expressions or variations on such expressions may be considered forward-looking

statements.

Reader should be cautioned that a variety of factors, many of which may be beyond the Company's

control, affect the performance, operations and results of the Company, and could cause actual results to

differ materially from the expectations expressed in any of the Company's forward-looking statements. These

factors include, but are not limited to, exchange rate fluctuations, market shares, competition, environmental

risks, changes in legal, financial and regulatory frameworks, international economic and financial market

conditions and other risks and factors beyond our control. These and other factors should be considered

carefully and readers should not place undue reliance on the Company's forward-looking statements. In

addition, the Company undertakes no obligation to publicly update or revise any forward-looking statement

that is contained in this presentation as a result of new information, future events or otherwise. None of the

Company, or any of its employees or affiliates is responsible for, or is making, any representations

concerning the future performance of the Company.

2

Topic Speaker Position

Overview

Operating Highlights

Insurance Business

Investment Business

Banking Business

Financial Analysis and

Embedded Value

Peter Ma

Alex Ren Group President

Group CFO

Timothy Chan Group Chief Investment

Officer

Ping Shao President of Ping An Bank

Jason Yao

Group Chairman & CEO

Yuansiong Lee Group Chief Insurance

Business Officer

Agenda

Overview

4

In the first half of 2013, key developed economies around the world underwent a

cyclical recovery while growth of emerging economies slowed. China's domestic

economy underwent a steady recovery while the reforms in the financial

market picked up pace.

Amidst the complex economic and market environment, we managed our

business steadily and maintained healthy growth, while further promoting

our integrated financial strategy. The integrated financial model of “one

customer, multiple products, and one-stop services” gained popularity in the

market and among customers. The service pledge of “expertise makes life

simple” also increasingly won recognition from customers. Ping An's

“financial supermarket” and customer migration model continued to

demonstrate the strength of our competitive advantages, as well as positive

results.

We will continue to implement the integrated financial strategy, enhance our

customer experience, as well as strengthen the Company's core competitiveness

to achieve as China's leading personal financial services group with the best

customer experience.

Overview

Operating Highlights

6

Written premium of life

insurance as well as property

and casualty insurance

maintained stable growth.

First-year written premium of

individual life insurance grew

stably, with increase in

individual sales agents

despite the adverse

condition.

Property & Casualty kept its

sound quality of business.

Core businesses delivered

healthy performance with an

improving business

structure, and profit

contribution to the Group

increased steadily.

The strategic transformation

showed the first sign of

success, with outstanding

performance in special

personal finance business.

Network expansion made

rapid progress.

Insurance Business Banking Business

Businesses Maintained Steady and Healthy Growth

Facing a complex economic situation and market environment, Ping An adhered to its prudent

operational strategy by further promoting the innovation in integrated finance. Our three key pillars of

businesses, namely insurance, banking and investment, achieved healthy growth, and total assets, net

assets and net profit of the Group increased .

Insurance funds continuously

optimized the portfolio

structure, while raising the

proportion of quality debt

schemes investments

Ping An Trust’s private wealth

management business

recorded stable growth with a

business structure superior to

its peers.

Credit bond underwriting

business maintained its

leading position in the market.

Investment Business

7

Technology-Driven FinancePromoting business and enhancing efficiency through E-services

Further Promotion of Mobile Integrated Terminal

Ping An promoted the MIT in 2011, pioneering e-

business in the industry by introducing a paperless

approach to insurance sales. Full-coverage in services

for all insurance lines has been realized.

The newly established “E-Sales Access” pre-sales

platform, based on MIT platform, extends e-services

to frontline sales, which involves precise and

comprehensive analysis of customer needs.

Centralization of Back-office for Integrated

Financial Services Further Deepened

Through the use of new technology, Ping An promoted

innovative service models and made

breakthroughs, including research on intelligent voice

recognition technology, establishment of a company

platform on Baidu Knowledge, and development of a

Mobile Assessment System for the iPad.

0%

40%

80%

120%

MIT Utilization

Health

insurance

over 70%

Life insurance

98%Automobile

insurance

over 50%

Provided financial services for nearly 9

million customers

Contributing over RMB70 billion in

premiums

Saving operation cost by hundreds of

millions each year

Saving nearly 900 tons of paper each year

8

Customer Services Upgraded

2010

2012

2000 2004

………

Ping An Property &Casualty ：Settlement within 72 hoursfor claims below RMB10,000 with full

documents

Ping An Life ：Let us help you

find reasons for claim

Ping An Property &Casualty ：Settlement within 24 hours for claims below RMB10,000 with

full documents

Ping An Life ： Settlement

within 72 hours for standard

case with full documents

Ping An Property &Casualty :

Settlement within 72 hours

from reporting to receiving

payment for claims below

RMB10,000

Ping An Life: Settlement

within 48 hours for standard

case with full documents

2009

2013

2011

Fulfillment rate of Ping An Property & Casualty:94.9%

Average processing time: 1.34 days

Fulfillment rate of Ping An Life: 97.1%Average processing time: 1.97days

days8 days 7 days 6 days 5 days 4 days 3 days 2 days one day zero

9

28,473

50,813

17.9%

25.6%

1H2012 1H2013

Trust Scheme Channel Contribution

1,457 1,563

41.6%39.5%

1H2012 1H2013

Premium Income Channel Contribution

7,2648,265

14.9%15.4%

1H2012 1H2013

Premium Income Channel Contribution

Cross-selling Generated Greater Synergy(In RMB Million)

Property and Casualty Business Group Short-term Insurance Business

Trust Business Banking Business

Note: Retail deposits refers to increase of daily average balance.

13.5%15.8%

41.5% 40.0%

1H2012 1H2013Channel Contribution to Retail Deposits

Channel Contribution to Newly Issued Credit Cards

Financial Analysis and

Embedded Value

11

28.3%

159,617 172,7568.2%

Net Profit

1H2012 1H2013

17,527

21,77124.2%

2,844,266

3,172,572

31/12/2012 30/6/2013

11.5%

Total Assets

Net Profit attributable to

Shareholders of the Parent Company

1H2012 1H2013

Equity attributable to

Shareholders of the Parent Company

31/12/2012 30/6/2013

(In RMB million/in RMB)

Financial Highlights

13,959

17,910

EPS1.76

EPS 2.26

12

Trust 981 Trust

939

Securities

1,745 Securities

1,397

Income by Business Segment

163,751180,711

19,830

23,549

2,726

2,336

18.8%10.4% 14.3%

(In RMB million)

Insurance Business

Written PremiumsBanking Business Investment Business

1H2012 1H2013 1H2012 1H2013 1H2012 1H2013

Notes: (1) Written premiums of insurance business refer to all premiums received from the policies underwritten by the Company, which is prior to the significant

insurance risk testing and unbundling of hybrid risk contracts.

(2) The investment business income included incomes from securities and trust, excluding those from other businesses and offset items.

13

1H2012 1H2013

12,8317,400

6,731

1,072

603

9,777

Securities

663

Securities

245

Trust

409

Trust

358Contribution

to the Group

3,467

11.8%

9.9% 43.8%

Property and

Casualty

Insurance

3,492Property and

Casualty

Insurance

2,746

Life

Insurance

9,339

Life

Insurance

7,031

31.2%

Contribution

to the Group

3,877

(In RMB million)

Insurance Business Banking Business Investment Business

1H2012 1H2013 1H2012 1H2013

Notes: (1) Net profit from insurance pillar covers that from life insurance business and property and casualty insurance business.

(2) The investment business profit included profits from securities and trust, excluding those from other businesses and offset items.

Net Profit by Business Segment

14

0.15

0.20

1H2012 1H2013

(In RMB)

Interim Dividend

ProfitabilityBusiness

developmentCapital

requirement

Sustainability of dividend

policy

The Company proposes to distribute 2013 interim

dividend of RMB0.20 per share with a total amount

of RMB1,583 million, up 33.3% compared with the

same period last year.

When proposing dividend distribution, the Company

takes in consideration of profitability, future business

development, capital requirement, sustainability of

dividend policy, to achieve balance between

business development and shareholders’ returns.

15

179.5%

Group (Regulatory requirement >＝100%) 162.7%

31/12/2012 30/6/2013

Ping An Property & Casualty(Regulatory requirement >＝100%)

Ping An Life(Regulatory requirement >＝100%)

176.1%

178.4%

185.6%

190.6%

8.78%Ping An Bank(1)

(Regulatory requirement >＝8.5%)11.37%

Note: (1)The capital adequacy ratio as at June 30, 2013 was calculated under the Capital Rules for Commercial Banks (Provisional) enforced by the

CBRC, while the capital adequacy ratio as at December 31, 2012 was calculated under the Rules for Regulating the Capital Adequacy Requirement of

Commercial Banks and relevant regulations enforced by the CBRC.

Healthy Solvency Margin/Capital Adequacy Ratio

Capital Injection Planning

RMB26 billion of convertible bond

has got the approval of the Public

Offering Review Committee of the

CSRC and waits for final green light.

Capital injection plan is under

regulatory approval.

16

Note: (1) The new Rules refer to the Capital Rules for Commercial Banks (Provisional) implemented by the CBRC since Jan.1, 2013.

(2) The Company proposed to issue RMB26 billion of convertible bond. Assumed that the issuance could complete as at Jun.30, 2013, and all of

the amounts could be calculated as supplementary capital, the static simulated solvency margin of the Group would be 181.2%.

Dividend

distributed

Business

developmentSolvency margin as at December

31, 2012

Simulated solvency

margin after

RMB26 billion of

convertible bond issued

185.6%

162.7%Decreased

by 1.7

percentage points

Decreased

by 7.0

percentage points

181.2%

Increased

by 18.5

percentage points

Redemption

of RMB6.5

billion

subordinated

bond of Ping

An Bank

Decreased

by 4.7

percentage points

Decreased

by 9.5

percentage points

Ping An bank

implemented the

new Rules (1)

Movement Analysis of the Group’s Solvency Margin

Solvency

margin as at

June 30, 2013

RMB26 billion

of convertible

bond

calculated as

supplementary

capital

17

Dividend

distributed

CAR as at Dec. 31,2012

according to the old Rules(1)

11.37%

9.90%Decreased

by 0.08

percentage points

Decreased

By 0.62

percentage points

10.64%

Decreased

by 1.12

percentage points

Increased

by 1.86

percentage points

8.78%

Redemption

of RMB6.5

billion

subordinated bond

Decreased

by 0.77

percentage points

Implementation

of the new Rules(2)

Note: (1) The old Rules refer to the Rules for Regulating the Capital Adequacy Requirement of Commercial Banks and relevant regulations

enforced by the CBRC.

(2) The new Rules refer to the Capital Rules for Commercial Banks (Provisional) implemented by the CBRC since Jan. 1, 2013.

(3) Ping An Bank proposed to raise capital of RMB20 billion. Assumed that the capital raising could complete as at Jun. 30,2013, the

static simulated CAR would be 10.64%.

Movement Analysis of Ping An Bank’s CAR

Business

developmentCAR as at Jun.

30, 2013 according to

the old Rules(1)

CAR as at Jun. 30,2013 according to

the new Rules (2)

RMB20 billion of capital

injection

Simulated CAR after RMB26 billion of capital

injection

18

180,015

(7,634)

166,821

(27,350)

311,851

Other Businesses

119,815

Life Insurance 192,037

Other Businesses

119,815

Life Insurance

60,200

Composition of Embedded Value

(in RMB million)

Adjusted value

of net assets

at

Jun.30, 2013

Value of in-force

insurance business

written prior to June

1999

Value of in-force

insurance

business written

since June 1999

Cost of solvency

margin

Embedded

value at Jun.

30, 2013

Notes: (1) Figures may not match totals due to rounding.

(2) Life insurance business includes business conducted through Ping An Life, Ping An Annuity and Ping An Health.

(3) Above risk discount rates for the value of in-force business were earned rate/11.0%.

19

285,874311,851

120,488

165,386

131,837

180,015

9.1%

9.4%

8.8%

31/12/2012 30/6/2013

The value of business in-forceAdjusted net asset value

Growth of Embedded Value

Notes : (1) Figures may not match totals due to rounding.

(2) Above risk discount rates for the value of in-force business were earned rate/11.0%.

(in RMB million)

Embedded Value

31/12/2012 30/6/2013

9.1%

36.11

39.40

EVPS

(in RMB)

20

8,856

10,110

Growth of New Business Value

NBEV in the first half of 2012

+10.8%+3.4%

NBEV in the first half of 2013

14.2%

Growth of

business volume

Improvement in

the product mix

and NBEV

margin

(in RMB million)

21

39.9%

6.1%

6.1%

38.9%

4.6%

6.1%

1.0

1.5

-

26.4% 28.9% 2.5

1H2012 1H2013

Structure Adjustment and NBEV Margin Improved

NBEV margin Change（percentage points)

Individual life insurance

Bancassurance

Group insurance

Life insurance

business

Insurance Business Review

23

Life insurance realized written

premiums of RMB114.77

billion, of which the new

business reached 26.31

billion, up 13.0% year on year.

The number of individual life

insurance sales agents

reached nearly 549

thousand, up 7.0% as

compared to the end of

2012, despite the adverse

condition.

The NBEV margin was

28.9%, up by 2.5 percentage

points compared with the

same period in 2012.

Ping An Property & Casualty

achieved premium income

RMB53.74 billion, up

10.2%, with market share of

16.4%, continuously ranked

second in the industry.

Premium income from cross-

selling and telemarketing was

RMB23.30 billion, increased by

14.0%, with business

contribution of 43.3%.

Quality of its business remained

sound with a combined ratio of

95.5%.

Three major performance

indicators of our corporate

annuity business, namely

annuity payments

received, assets

entrusted, and assets under

investment management, all

maintained leading positions

in the industry.

Insurance Business Overview

Property and Casualty

InsuranceCorporate AnnuityLife Insurance

24

Life Insurance Business（1/5）Written premium increased steadily with rapid growth of telemarketing

Business development

Ping An Life continued to focus on

value creation by upholding the

strategies of “Reaching New Heights”

and “Two-Tier Market

Development”, maintained healthy

and steady growth of written

premiums.

Channel strategies

Ping An Life continued to invest

heavily in telemarketing, as part of its

plan for the balanced development of

existing channels, and achieved a

rapid growth in telemarketing

business.

114,837126,808

78,89890,557

10.4%

Written

premium

14.8%

(In RMB million)

2,98271.3%

1,740

Written Premiums/Premium Income

Written Premiums of Telemarketing

1H20131H2012

Including:

Premium

Income

(In RMB million)

1H2012 1H2013Notes: (1) Written premiums mean all premiums received from the policies underwritten by the Company, which is prior to the significant insurance

risk testing and unbundling of hybrid risk contracts.

(2) Premium income means premiums after the significant insurance risk testing and unbundling of hybrid risk contracts.

(3) Life insurance includes business conducted through Ping An Life, Ping An Annuity and Ping An Health.

25

13 months 25 months

Persistency Ratio

92.8%94.2%

89.7%89.5%

80%

85%

90%

95%

100%

2011 2012 1H2013

90.2%

92.7%

Life Insurance Business （2/5）Customers increased steadily with a satisfactory persistency ratio

Number of Customers

54,562

56,576

31/12/2012

(thousands)

3.7%

30/6/2013

26

Life Insurance Business （3/5）Reinforcing the sales of protection type products

Participating

53.1%

Investment-linked

1.3%

Product Structure in 1H 2013

100% = 126,808

Traditional

life 4.2%

Universal life

31.0%

Accident and

short-term

health 4.3%

Annuity 0.6%

Long term

health 5.5%

Participating

56.4%

Investment-linked

0.1%

Product Structure of New

Business

100% = 35,989

Traditional life

3.7%

Universal life 15.7%

Accident and

short-term health

15.1%

Annuity 0.2%

Long term

health 8.8%

Notes: (1) The above premiums mean written premiums.

(2) Life insurance includes business conducted through Ping An Life, Ping An Annuity and Ping An Health.

(In RMB million)

27

First-year regular premium

First-year single premium & shorm-term premium

Renewal business

1H2012 1H2013

(In RMB million) (in Person )

Number of Life Sales Agents

7.0%

512,937

548,814

Life Insurance Business （4/5）Individual business achieved growth both in premiums and sales force

Individual Life Written Premium

102,367

114,77212.1%

11.9%

79,076

88,460

21,822

24,950

1,469

1,362

14.3%

Note: Life insurance includes business conducted through Ping An Life, Ping An Annuity and Ping An Health.

31/12/2012 30/6/2013

28

1,5542,325

4,717 2,959

1,327

1,404

Renewal businessFirst-year single and short-term premiumsFirst-year regular premiums

1H2012 1H2013

Life Insurance Business （5/5）Regular premiums of bancassurance rose, while group insurance grew

Written Premium of Bancassurance

Written Premium of Group Insurance

9.8%

4,872

5,348

7,598

6,688

49.6%

5.8%

(In RMB million)

(In RMB million)

1H2012 1H2013

Note: Life insurance includes business conducted through Ping An Life, Ping

An Annuity and Ping An Health.

Bancassurance businessThe bancassurance business committed

to its innovation and value

transformation despite unfavorable

market conditions. By continuously

optimizing business structure, the first-

year single premiums decreased while

the regular premiums grew stably.

Group insurance business Group insurance business achieved

stable growth by strengthening the

development of employee benefits

scheme with basic insurance functions.

29

36,66040,884

10,993

11,5891,261

1,430

34.6% 35.3%

58.5% 60.2%

10.2%

Property and Casualty Business（1/2）Premium income maintained stable growth with sound business quality

Premium Income

48,914

53,903

Accident and health insuranceAutomobile insurance Non-automobile insurance

Combined Ratio

93.1%95.5%

(In RMB million)

1H2012 1H2013 1H2012 1H2013

Loss ratio Expense ratio

Note: Property and casualty insurance business includes business conducted through Ping An Property & Casualty and Ping An Hong Kong.

30

13,16915,033

7,264

8,265

Telemarketing Cross-selling

14.0%

Property and Casualty Business （2/2）New channels contributed higher premiums

Premium from Cross-selling

and Telemarketing Contribution Percentage

20,433

23,298

Note: Business above was about Ping An Property & Casualty.

(In RMB million)

1H2012 1H2013

Telemarketing

27.0%

Cross-selling

14.9%

Cross-selling

15.4%

Telemarketing

27.9%

Other

58.1%

Other

56.7%

1H2012

1H2013

31

30/6/2013

Assets Entrusted

58,114

67,984

67,107

75,547

31/12/2012 30/6/2013

Assets under Investment

Management

17.0% 12.6%

Continuous Growth in Corporate Annuity Business

(In RMB million)

31/12/2012

Banking Business Review

33

Banking Business Overview

Ping An Bank’s net

profit RMB7.53

billion, with profit

contribution to the

Group of RMB3.88

billion, up 11.8% year

on year.

Total assets RMB1.83

trillion, up 13.7%.

Total deposits and

total loans amounted

to RMB1.18 trillion and

RMB0.79 trillion, up

15.1% and

9.1%, respectively.

Core Business

Balance of

microfinance

RMB73.21 billion, up

31.1%.

Number of newly

issued cards reached

2.66 million, 40.0% of

which were from the

cross-selling.

Market share of auto

finance gradually

grew, leading in the

industry.

Intermediate income of

investment banking

business grew greatly

to RMB551 million.

Strategic

Business Non-performing

loan ratio

0.97%, slightly up

0.02 percentage

point, still at a low

level.

Provision coverage

ratio 183.54%, up

1.22 percentage

point.

Asset Quality

Capital adequacy

ratio 8.78%

Tier 1 capital

adequacy ratio

7.29%

Core tier 1 capital

adequacy ratio

7.29%

All of these above

met the regulatory

requirement.

Capital

Adequacy

34

Core Business and Profitability Achieved Healthy Growth

Total Assets

31/12/2012 30/6/2013

1,606,537

1,826,99813.7%

Net Profit

1H2012 1H2013

6,870

7,5319.6%

Total Deposits

1,021,108

1,175,36115.1%

Total Loans

9.1%720,780

786,484

(In RMB million)

31/12/2012 30/6/2013 31/12/2012 30/6/2013

Note: The above figures are extracted from the interim report of Ping An Bank.

35

73,207

55,834

31/12/2012 30/6/2013

33,030

21,125

31/12/2012 30/6/2013 1H2012 1H2013

2.66

1.85Cross-

selling

40.0%Cross-

selling

41.5%

44.0%56.4%31.1%

Strategic Businesses Progressed Rapidly

Microfinance Balance Auto Finance Balance Credit Cards Newly Issued

(in RMB million/ million)

36

3,4694,898

17.68%20.91%

1H2012 1H2013

Net Non-interest Income Net Non-interest Income Ratio(In RMB million)

Key Operation Ratios

ROA(annualized) and Cost/income Ratio

CARNet non-interest Income

NIS and NIM

8.59%7.29%

11.37%8.78%

CAR Core CAR

31/12/2012 30/6/2013

2.22%2.42%

2.03% 2.19%

Net Interest Spread Net Interest Margin

1H2012 1H2013

0.91% 0.82%

38.13% 38.87%

ROA Cost/income Ratio

1H2012 1H2013

Note: (1) The above figures are extracted from the interim report of Ping An Bank. (2)The capital adequacy ratio as at June 30, 2013 was calculated under the Capital Rules

for Commercial Banks (Provisional) enforced by the CBRC, while the capital adequacy ratio as at December 31, 2012 was calculated under the Rules for Regulating

the Capital Adequacy Requirement of Commercial Banks and relevant regulations enforced by the CBRC.

37

Assets Quality Maintained Steadily

Non-performing Loan Ratio by RegionNon-performing Loan Ratio

and Provision Coverage Ratio

Except for that in eastern region(mainly Yangtze River delta), non-performing loan ratio for

other regions of Ping An Bank declined compared with the beginning of the year.

0.95%0.97%

31/12/2012 30/6/2013

Non-performing Loan Ratio Provision Coverage Ratio

182.32% 183.54%Regions

Non-performing

ratio

Change(percentage

points)

Headquarter 3.01% -0.88%

East 1.20% +0.14%

South 0.42% -0.05%

West 0.27% -0.08%

North 0.43% -0.10%

Investment Business Review

39

Asset management

business expanded the

channel for the deployment

of insurance funds and

increased the high-interest

fixed income investments

steadily, achieving the

highest net investment yield

in three years.

Total investment income of

insurance fund reached

RMB26,437 million, with

total investment yield of

4.9%.

Ping An Trust’s private wealth

management business

recorded stable growth, with

the number of high net worth

customers exceeding 20,000.

Assets held in trust reached

RMB228.3 billion, in which the

paid-in capital of collective

trust products mainly for

individual customers exceeded

RMB120 billion, maintaining its

leading position in the industry.

Ping An Securities

successfully sponsored 26

bond issuance projects as

lead underwriter, ranking

third in terms of the number

of credit bonds issued.

Investment Business Overview

Asset Management Trust Business Securities Business

40

31/12/2012 30/6/2013

Fixed maturity investments(2) 81.4% 83.6%

Term deposits 22.5% 20.7%

Bond investments 52.1% 53.3%

Debt schemes investment 3.5% 6.1%

Other fixed maturity

investments3.3% 3.5%

Equity investments (2) 9.5% 9.4%

Infrastructure investments 0.8% 0.8%

Investment properties 1.5% 1.5%

Cash, cash equivalents and

others6.8% 4.7%

Total 100.0% 100.0%

Total investments 1,074,188 1,150,442

Total investment

income 13,902

Net investment

income25,965

20,944

26,437

1H2012 1H2013

Investment Portfolio and Investment Yield

Investment Portfolio

Net investment income

NII yield

TII yield

Investment Income

(7,042)

472

Net realized

&unrealized

losses and

impairment

losses

4.5% 4.8%

3.7% 4.9%

Total investment income

(In RMB million)

Notes: (1) The above investment portfolio is about insurance fund investment.

(2) The data exclude items that are classified as cash and cash equivalents.

(In RMB million)

41

Trust Business Maintained Stable Growth, with

Business Structure Superior to its Peers

Trust Income

1H2012 1H2013

981 939

Investment income and others 297

Net fees and commission income 684

Investment income and others 121

Net fees and commission income 818

4.3%

Securities market11.7%

Financial institutions

9.1%

Other4.6%

Assets Held in Trust

100%=228,322

19.6%

Business Development

Ping An trust continued to promote the private

wealth management business with fees and

commission income increased stably.

Risk Management

Ping An Trust strictly control the risks through

establishing the overall risk management

system. In the first half of 2013, all of the

products on maturity has been paid fully, of

which the cumulative payment of real estates

trust schemes exceeded RMB10 billion.

(In RMB million)

Trust Business Structure

Other

40.0%

Collective

trust products

60.0%

Infrastructure

22.3%Commercial

and industry

24.7%

Real estates

27.6%

42

Securities Business: Total Income Decreased

Total Income

1H2012

1,397

1,745

Net underwriting

commission

income

593

Investment

income and

others

637

Net underwriting

commission income

362

Investment

income and

others

877

19.9%

Net brokerage fees

income 398

Net brokerage fees

income 275

Income from our securities business decreased due to the suspension of IPOs and reduced

gains from equity investments.

Assets under Management

11,774

39,686

31/12/2012 30/6/2013

237.1%

44.7%

(In RMB million)

1H2013

43

Expertise Creates Value

Fortune

Ranked No.181 in “Fortune

500”, maintained top

ranking among mainland

Chinese enterprises in the

non-SOE category

The Asset

“The Most Potential

Chinese Enterprise in

2012”

Corporate Governance

“Corporate Governance Asia Award”

Forbes(US)

Ranked No.83 in

“Forbes Global 2000”

Economic Observer

“Most Respected

Company”, received this

prestigious award 12 years in a row since it was launched

China News Service and

China News Weekly

“Most Responsible

Enterprise”

Shanghai Security News

and cnstock.com

“Best Insurance Brand in 2012 Award”

Millward Brown, WPP

Ranked No.84 in “BrandZ Top 100 Global Brands”

Q & A