| Ping An Insurance (Group) Company is the holding | | | | Directors, there are also General Manager and |
| company of Ping An Life Insurance Company of | | | | Assistant of a General Manager, who take the |
| China, Ltd. and Ping An Property & Casualty | | | | positions between the Board of Directors and |
| Insurance Company of China, Ltd. It also controls | | | | operational departments: Accounting Department, |
| China Ping An Insurance Overseas (Holdings) | | | | Reinsurance and Administration Department, etc. |
| Limited and Ping An Trust & Investment Co. | | | | Every morning at 8:30 am, Ping An of China's |
| Ping An Insurance (Group) Company of China, Ltd. | | | | 250,000 insurance sales agents across the |
| ('Ping An') is the country's first joint-stock | | | | country begin the day by singing the company |
| insurance company that integrate securities, | | | | anthem:' Within the four seas, with our hands on |
| trusts, banking, asset management and annuity | | | | hour hearts, we sincerely wish that there is ping |
| services. The Company was founded in 1988 and | | | | an (peace). When the music ends, the sales |
| began only as a casualty insurance company. | | | | agents divide into smaller groups led by team |
| Since the mid 1990s, Ping An has been | | | | leaders. The agents relate their sales target for |
| diversifying into financial services from its core | | | | the day, and team leaders critique their strategy. |
| business of insurance and began taking | | | | The procedure is representative of the teaming |
| investments from overseas firms. Ping An | | | | program employed by the human resource |
| accepted investments from Morgan Stanley and | | | | management. |
| Goldman Sachs in 1994. In 2002 HSBC took a | | | | The fact that company has been inviting key |
| large equity interest in Ping An. Now, it has grown | | | | managers from abroad signifies that the present |
| into one of the three leading insurance | | | | human resource strategy and culture is partially |
| conglomerates in China. | | | | adjusted to the Western style. Going even |
| Xiamen Ping An Insurance Company Ltd. is a | | | | further, this strategy proved to be successful. As |
| subsidiary company of Ping An Insurance of China, | | | | such, company's organizational culture is a mixture |
| which was founded in 1996. Its' core business is | | | | of successful Western style HR practices that |
| to provide wide range of general insurance | | | | have been adjusted to the local culture. Ping An |
| products and services such as Fire Insurance, Life | | | | of China was the first company to introduce this |
| Insurance, Accident Insurance, Employees' | | | | approach in the industry. This is of particular |
| Compensation Insurance, etc. | | | | significance, to our research, as company is |
| Ping An Insurance Company has a vertical | | | | perspective and representative for the industry |
| organizational structure. Headed by the Board of | | | | overall. |