
Active
This profile is actively maintained
Active
This profile is actively maintainedWebsite | http://bank.pingan.com/en/index.shtml |
Headquarters |
No. 5047 Shennan East Road Luohu District Shenzhen
518001 Guangdong
China
|
CEO/chair |
Yue Fei Hu President, General Manager & Executive Director |
Supervisor | |
Ownership |
listed on Shenzhen Stock Exchange
Ping An Bank's complete shareholder structure can be accessed here. |
Ping An Bank is a Chinese joint-stock commercial bank. In June 2012, Shenzhen Development Bank merged with former Ping An Bank into Ping An Bank. The bank primarily operates in Shenzhen, Shanghai, and Fuzhou. Being part of the Ping An Insurance Group of China, Ping An Bank is one of its main subsidiaries. Ping An Bank provides services in insurance, banking, and asset management.
Ping An Bank does not have publicly available investment policies. The bank's web page on corporate social responsibility only lists the bank's most recent annual CSR reports.
Ping An Bank is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Ping An Bank's link to these deals.
Banks and Climate
The 2023 Banking on Climate Chaos report showed that Ping An Bank provided US$ 42.658 billion in financing to the fossil fuel industry between 2016 and 2022. Find further details on Ping An Bank's fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.
Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Ping An Bank’s fossil fuel policy below.
Ping An Bank does not operate a complaints channel for individuals or communities which might have been affected by the bank's finance.
This page evaluates Ping An Bank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
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