Fintech PR
Ping An ranked 33rd in the Fortune Global 500 List, 1st among global insurance enterprises
HONG KONG and SHANGHAI, Aug. 3, 2023 /PRNewswire/ — Fortune has announced the 2023 Global 500 list. Ping An Insurance (Group) Company of China, Ltd. (“Ping An” or the “Group”, HKEx:2318; SSE:601318) ranked 33rd on the list with its revenue recorded USD181,566 million. The Group ranked 5th among global financial enterprises, ranked 4th among the Mainland Chinese financial enterprises, and maintained 1st place among global insurance enterprises for five consecutive years since 2019.
Under the technology-driven “integrated finance + healthcare” strategy, Ping An continued to see the pursuit of high-quality development as its top priority, offering “worry-free, time-saving, money-saving” service experience to customers, continued to empower financial services with digital operations, assisted the company to achieve steady growth. In 2022, Ping An’s revenue amounted to RMB1.11 trillion, operating profit attributable to shareholders of the parent company reached RMB148,365 million. Total assets surpassed RMB11.1 trillion, serving close to 227 million retails customers and more than 693 million internet users.
The integrated financial services model progressed steadily, resulting in steady growth in operating performance. With the development of the “one customer, multiple products, and one-stop services” service model, as well as the technology-driven the “integrated finance + healthcare” strategy, Ping An’s retail operating profit development increased 2.0% year on year to RMB132,636 million, which accounted for 89.4% of operating profit attributable to shareholders of the parent company. As Ping An advanced the integrated financial services model, retail cross-selling continued to deepen. Over 24.96 million customer migrations occurred between the Group’s core financial companies in 2022. Nearly 90.20 million retail customers, or 39.8% of total retail customers, held multiple contracts with different subsidiaries as of the end of December 2022. Contracts per retail customer grew 2.1% from the beginning of 2022 to 2.97 as of as of the end of December 2022.
Gradually and effectively advancing innovation and reform, meanwhile pursuing high-quality development in core business. Ping An’s life and health insurance business (L&H) reform and transformation have gradually advanced. In 2022, Life & Health’s operating profit grew by 16.4% year on year to RMB112,980 million with a 32.7% operating ROE; NBV per agent grew 22.1% year on year. Customers entitled to “insurance +” service benefits accounted for 55% of NBV in 2022, up 24% year on year. Ping An P&C achieved steady business growth and significantly improved auto insurance business quality, which led to a 10.4% increase in premium income year on year to RMB298,038 million in 2022. Ping An Bank deepened its digital operations with revenue grew 6.2% year on year to RMB179,895 million and net profit increased 25.3% year on year to RMB45,516 million in 2022. The Bank maintained steady, healthy business growth and stable asset quality, indicating adequate risk provisions.
Healthcare as a new driver of value growth that empowers its core financial businesses. Ping An launched an innovative Chinese “managed care model” and continued to implement its healthcare ecosystem strategy. The Group achieved nearly RMB140 billion in health insurance premium income. Customers entitled to service benefits in the healthcare ecosystem accounted for an increasing percentage of Ping An Life’s NBV in 2022. Nearly 64% of Ping An’s nearly 227 million retail customers used services from the healthcare ecosystem. These customers held approximately 3.41 contracts and RMB54,500 in AUM per capita respectively, 1.6 times and 3.0 times those held by non-users of these services respectively.
Adhered to people-centered financial services and actively fulfilled corporate social responsibilities. As of the end of 2022, Ping An has provided a total of RMB77,153 million on poverty alleviation and rural industries development support. It also further advanced green finance initiatives to support the real economy. As of the end of 2022, Ping An cumulatively invested over RMB7.89 trillion to support the real economy; green investment and financing, and green banking business totaled RMB282,363 million and RMB182,089 million respectively. Green insurance premium income amounted to RMB25,105 million in 2022.
Ping An said that the Company always adheres to the greatest and original aspiration of “being people-centered and contributing to national rejuvenation” since it was founded 35 years ago. In the future, the Company will unswervingly pursue high-quality development with Chinese characteristics and people-centered financial services, to leverage its advantages in finance, healthcare and technology, fully support the real economy, pursue corporate social responsibilities, and make unremitting efforts to maximize value for society, customers, shareholders and employees.
For more information, please visit www.group.pingan.com and follow us on LinkedIn – PING AN.
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Fintech PR
Bybit Pledges RMB 5 Million to Support Relief Efforts Following Devastating Tibet Earthquake
DUBAI, UAE, Jan. 16, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is deeply saddened by the devastating earthquake that struck Tibet earlier this week, leaving a trail of destruction and heartache.
The tragedy has claimed at least 126 lives, injured 188 people, and displaced tens of thousands as over 3,000 buildings collapsed in the remote region near the northern base of Mount Everest. In response, Bybit is committing RMB 5 million in collaboration with the Red Cross Society of China (RCSC) to support critical relief and recovery efforts in the affected communities.
The 7.1-magnitude earthquake, which struck on January 7, has caused widespread devastation, with extreme winter conditions complicating rescue operations. More than 14,000 rescue workers have been mobilized to search for survivors amid sub-zero temperatures and strong winds, highlighting the urgent need for immediate aid.
“As a responsible global leader in the blockchain industry, Bybit is committed to standing with communities in their time of need,” said Helen Liu, Chief Operating Officer at Bybit. “Our thoughts are with the survivors, the rescue teams, and the families affected by this tragic event. We hope our contribution will help provide much-needed relief and support the road to recovery.”
The donation will be directed towards essential services, including emergency shelter, medical supplies, and food aid, as well as long-term rehabilitation efforts. Bybit is proud to partner with RCSC to ensure swift and impactful assistance to those in need.
At Bybit, we firmly believe in the power of compassion and collaboration. This contribution reflects our commitment to fostering resilience and hope in the face of adversity.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
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View original content:https://www.prnewswire.co.uk/news-releases/bybit-pledges-rmb-5-million-to-support-relief-efforts-following-devastating-tibet-earthquake-302353395.html
EDEN ISLAND, Seychelles, Jan. 16, 2025 /PRNewswire/ — Seekapa, a standout name in global trading companies, has unveiled a major enhancement to its offerings, now providing access to over 600 tradable assets. This expansion spans a wide array of asset classes, including stocks, cryptocurrencies, forex pairs, commodities, and indices, reinforcing its reputation as a one-stop destination for those seeking diversity and innovation.
Nick Zander, Seekapa spokesperson, highlighted the significance of this development: “Our mission is to empower members by offering them access to a diverse range of high-quality assets,” he said. “This latest expansion opens doors to greater opportunities, enabling users to diversify their portfolios and capitalize on new market trends effectively.”
A Good Way to Diversify Trading
The addition of these new assets is a direct reflection of Seekapa’s dedication to staying at the forefront of industry trends. Traders now have the opportunity to explore and invest in emerging sectors alongside traditional financial instruments. This expansion fosters greater diversification, allowing customers to capitalize on a variety of market conditions. The intuitive, user-friendly platform combined with powerful analytics tools offers a seamless experience for traders at all levels, ensuring they can make informed, strategic decisions regardless of market volatility.
Zander noted, “In an ever-changing financial landscape, staying ahead of the curve is essential. By expanding our offerings, we’re not just meeting the needs of our current users, we’re empowering them to stay competitive, well-informed, and adaptable to shifts in the market.”
Seekapa’s enhanced portfolio is part of a broader strategy to solidify its position as the go-to platform for global clients. The platform’s commitment to security, education, and user experience drives its ongoing efforts to redefine how traders engage with the market. As a result, the brand continues to set new industry benchmarks, providing unparalleled access and innovative solutions for users across the globe.
About Seekapa
Since its inception, Seekapa has emerged as a trailblazer in the trading industry, continuously pushing boundaries in the foreign exchange market. With a steadfast commitment to innovation, the firm has consistently developed and enhanced its products, services, and trading software to meet the evolving needs of traders worldwide.
By setting new benchmarks and redefining the trading experience, the broker remains dedicated to empowering its users with cutting-edge solutions and unmatched opportunities. As a leader in the industry, Seekapa continues to shape the future of trading through excellence and innovation.
Website: https://seekapa.com
View original content:https://www.prnewswire.co.uk/news-releases/seekapa-expands-portfolio-to-over-600-tradable-assets-302353354.html
MIAMI, Jan. 16, 2025 /PRNewswire/ — The financial services sector is witnessing a surge in demand for virtual bookkeeping expertise as businesses grapple with a persistent talent shortage in accounting. This trend is driven by businesses seeking solutions to a persistent talent gap in the accounting sector, as many organizations face challenges in finding qualified professionals to meet their financial needs.
The need for skilled virtual bookkeepers is surging globally, driven by increasingly complex financial landscapes and technological advancements. Businesses are increasingly seeking advanced expertise, with New York leading the way in adopting innovative solutions to meet the growing demand for skilled financial professionals.
Virtual bookkeeping in New York is stepping in to fill this talent gap by leveraging advanced technology and providing access to skilled financial professionals. As businesses face ongoing challenges in recruiting qualified accountants, these services offer a reliable and efficient solution to maintain financial accuracy and support sustained growth.
Book your 30-minute free consultation today and discover how virtual bookkeeper can simplify your business finances-https://www.ibntech.com/free-consultation/?pr=prnewswire
Industry Challenges
The growing reliance on virtual bookkeepers highlights the increasing demand for skilled professionals in major markets like New York. Businesses are navigating challenges such as financial inaccuracies, compliance risks, and delays in critical operations like payroll and tax filings. In 2025, the focus has shifted toward continuous professional development for bookkeepers, enabling them to adapt to evolving industry requirements and deliver efficient financial solutions.
Technology as a Solution
Cloud-based platforms, automation, and data analytics are becoming essential tools as businesses adopt innovative technology to address these challenges. These technological advancements are reshaping how virtual bookkeepers operate, with key metrics like accuracy and responsiveness now guiding service evaluations.
A Strategic Asset for Business Growth
Bookkeeping has transformed into a key strategic function, with professionals now tasked with providing actionable insights into cash flow management, financial forecasting, and long-term business growth strategies.
“Virtual bookkeeping has shifted from a support function to a critical strategic asset,” noted Mehta. “Today’s bookkeepers drive financial agility and resilience, enabling businesses to thrive in a rapidly changing environment.”
Demand for Virtual Bookkeepers Soars in New York
New York is seeing a growing demand for virtual bookkeepers as businesses increasingly turn to technology-driven solutions for efficient financial management. This growing scarcity has raised concerns about financial accuracy, compliance risks, and delays in crucial tasks like payroll and tax filings. To address these challenges, businesses are increasingly turning to advanced outsourcing solutions.
Companies like IBN Technologies are helping businesses navigate these complexities by providing highly skilled accounting and bookkeeping services that ensure financial accuracy, regulatory compliance, and timely reporting.
“To stay competitive in 2025, virtual bookkeepers in New York and elsewhere will need to continuously upskill and adapt to the latest technological developments,” said Ajay Mehta, CEO IBN Technologies. ” This is crucial for responding to the evolving demands of the industry and improving client value.”
Setting the Stage for Success in 2025
The growing need for specialized virtual bookkeeping services is reshaping how businesses manage their finances. Companies are looking to virtual bookkeepers not just to manage their day-to-day operations, but to provide crucial insights and drive long-term strategic growth. With technology playing an increasingly important role in bookkeeping services, the industry is poised for continued innovation and transformation in the coming years.
As businesses seek to navigate complex financial landscapes and ensure compliance with ever-evolving regulations, the expertise of skilled virtual bookkeepers will be crucial in helping them achieve financial agility and operational success.
About IBN Technologies
IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive efficiency and growth.
Contact Details:
Pradip
[email protected]
+1 – 844 – 644 – 8440
USA:
IBN Technologies LLC
66 West Flagler Street Suite 900 Miami, FL 33130
India: Global Delivery Centre
IBN Technologies Limited
Kohinoor House, 2nd floor,
691/A/1B, Plot no. 7,
Bibwewadi Road, Pune-411037
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