Ping An Group was founded in Shekou, Shenzhen in 1988 — the first joint-stock insurance company in China — at a time when private financial institutions were an ideological novelty in a still-reforming economy. By its 30th anniversary it had grown into one of the largest financial conglomerates in the world by market capitalization, a trajectory few observers in 1988 would have predicted for an insurer launched in a special economic zone with minimal capital.
Corporate commemoratives of this type were issued under the People's Bank of China's legal tender framework but sold primarily through Ping An's own distribution channels to institutional clients and collectors.
Ping An Group was founded in Shekou, Shenzhen in 1988 — the first joint-stock insurance company in China — at a time when private financial institutions were an ideological novelty in a still-reforming economy. By its 30th anniversary it had grown into one of the largest financial conglomerates in the world by market capitalization, a trajectory few observers in 1988 would have predicted for an insurer launched in a special economic zone with minimal capital.
Corporate commemoratives of this type were issued under the People's Bank of China's legal tender framework but sold primarily through Ping An's own distribution channels to institutional clients and collectors.