Ping An Asset Management

What Ping An Asset Management does

Ping An Asset Management Co., Ltd. (PAAMC) is a Shanghai-headquartered, private Chinese asset manager founded in 2005 and operating as a wholly-controlled subsidiary (98.66%) of Ping An Insurance (Group) Company of China, Ltd. It manages RMB 6.17 trillion (approximately USD 855 billion) in assets as of December 2025, ranking as the largest non-state-owned asset manager in China, #3 in Asia, and #33 globally per the IPE Top 500 2025. The firm runs three product lines: Group Insurance Fund Management (mandates from Ping An Group), Third-party Asset Management (segregated accounts and private funds for external institutional clients), and an International Business providing advisory for overseas institutional investors seeking Chinese exposure. Investment capabilities span fixed income, equity, fund investment, direct investment, cash management, multi-asset, alternatives, and multi-manager solutions.

The firm employs 251-500 staff, including 200+ investment professionals (60% with CPA/CFA/FRM designations, 90%+ with master's degrees or above), and serves sovereign wealth funds, pensions, insurers, banks, and manufacturing enterprises. Its technology stack includes a proprietary Investment Research Platform integrating research, risk, and portfolio management, an Independent Credit Rating System established in 2003 (a first in China), and an AI-driven Eagle Eye System for enterprise disaster prevention deployed across 30,000+ enterprise clients. Revenue is generated through AUM-based management fees and performance fees on institutional mandates, with no public revenue disclosure.

Business model is subscription/institutional mandate-based: management fees on AUM plus performance fees on third-party and international mandates, with a parent group captive client providing a stable but concentrated revenue anchor. The firm joined UNPRI in 2023 (following Ping An Group's 2019 signing) and operates an ESG Investment Decision-making Committee formed in 2020, positioning itself for global sustainability-mandated capital.

Name

Ping An Asset Management

Legal name

平安资产管理有限责任公司

Website

https://asset.pingan.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

251–500 employees

Short description

Ping An Asset Management is a Shanghai-based, wholly-owned subsidiary of Ping An Insurance Group managing RMB 6.17 trillion (USD 855B) across fixed income, equity, alternatives, and multi-asset strategies, serving the parent group, sovereign wealth funds, pensions, insurers, and banks.

Ownership category

akta.pro rank

Product category

Institutional Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Discretionary Portfolio Management (DPM) (FSAAABAC)

akta.pro secondary industries

Insurance General Accounts (Institutional Asset Owners) (FSAAAGAG), Managed Account / SMA Multi-Manager Platforms (FSANAGAL)

Keywords

• Institutional asset management
• Insurance fund management
• Fixed income investment
• Equity investment
• Alternative investments

Headquarters

HQ city

Shanghai

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Group Insurance Fund Management: Manages Ping An Group's insurance funds, charging management fees based on AUM. The company manages group insurance funds across various asset classes including bonds, stocks, funds, and alternative investments.
2. Third-party Asset Management: Manages assets for external institutional clients including segregated accounts and private funds. Generates management fees and potentially performance fees from diversified product offerings covering cash management, fixed income, equity, and multi-manager strategies.
3. International Advisory Services: Provides investment advisory services to overseas institutional investors seeking exposure to Chinese capital markets. Includes account management and investment consulting services for international clients.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Ping An Asset Management (PAAMC) is a Chinese institutional asset manager managing insurance funds for Ping An Group and providing third-party asset management and international advisory services. Its core offerings include Group Insurance Fund Management, Third-party Asset Management (segregated accounts and private funds), and International Business for overseas institutional investors seeking exposure to Chinese capital markets. The firm manages RMB 6.17 trillion (USD 855 billion) in assets across fixed income, equity, fund, direct investment, multi-asset, and alternative strategies.

Product overview

Ping An Asset Management (平安资产管理有限责任公司) is a leading comprehensive asset management company in China offering three core product lines: Group Insurance Fund Management, Third-party Asset Management, and International Business. The company provides investment capabilities across fixed income, equity, funds, direct investment, cash management, multi-assets, alternatives, and multi-managers solutions. Services include segregated accounts, private funds, and investment advisory for institutional clients worldwide.

Differentiator

Problem solved

Functional benefit

Products and services

• Group Insurance Fund Management Trust management of Ping An Group's insurance funds, adhering to a stable, long-term, and prudent management philosophy to achieve insurance fund value preservation and appreciation across bonds, equities, funds, and alternative investments.
• Third-party Asset Management

Quantifiable outcome

• RMB 6.17 trillion AUM, Ranked 33rd globally, 3rd in Asia, 2nd in China among asset managers
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• ESG Investment Decision-making CommitteecoreStrategic or Co-development Partner · 1 January 2020In 2020, PAAMC issued 'Responsible Investment Manual' and established ESG Investment Decision-making Committee to fulfill sustainable commitments across all types of investments, integrating ESG into the investment process.
• United Nations Environment Programme Finance Initiative (UN PRI)coreStrategic or Co-development Partner · 1 January 2019Ping An Group became the first asset owner in China to sign up to UNPRI in 2019. Ping An Asset Management joined as an investment manager in 2023. PAAMC has incorporated ESG considerations into investment and portfolio management and aligns its values with its investment partners through the responsible investment framework.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• China Life Asset Management: China's largest insurance-affiliated asset manager, managing China Life Insurance Group's general account assets. Direct peer to PAAMC in the insurance-AM segment with similar segregated-account and third-party institutional mandates.
• China Pacific Asset Management (CPIC Investment Management): Insurance-affiliated asset manager within the CPIC group, offering segregated accounts, alternative investments, and third-party institutional mandates. Closely comparable in scale, mandate mix, and channel structure to PAAMC.
• New China Asset Management: Asset manager affiliated with New China Life Insurance. Competes with PAAMC in insurance general account mandates and third-party institutional asset management across China.
• China Taiping Asset Management: Asset management arm of China Taiping Insurance Group. Directly comparable insurance-AM peer offering segregated accounts, fixed income, equity, and alternative investment products.
• Taikang Asset Management: Asset manager tied to Taikang Insurance Group. Competes with PAAMC for insurance general account mandates and institutional third-party asset management business in China.
• China Asset Management (China AMC): One of China's largest fund management companies, competing with PAAMC in equity, fixed income, and multi-manager solutions; both manage RMB trillions of institutional and retail assets.
• E Fund Management: Among China's largest public fund managers, offering comparable segregated account and institutional mandates to PAAMC with strong fixed income and equity capabilities.
• Harvest Fund Management: Established Chinese asset manager competing with PAAMC in institutional segregated accounts, fixed income, and equity products for insurance, pension, and banking clients.
• Bosera Asset Management: Major Chinese institutional asset manager with comparable full-spectrum capabilities across fixed income, equity, alternatives, and segregated accounts targeting insurance and pension clients.

Regional players

• Allianz Investment Management (Asia Pacific): Global insurance-affiliated asset manager with significant Asia-Pacific operations; PAAMC leadership previously worked at Allianz AM APAC, indicating shared reference point for insurance-AM operating models in Asia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ping An Asset Management