What is Ping An wallet for?

A wallet is a mobile payment client launched by Ping An Payment, a subsidiary of Ping An Payment. A wallet App focuses on five financial value-added and consumption scenarios, such as wealth management, shopping, life, payment, and points, providing users with comprehensive payment services covering online and offline, helping users manage funds, accounts, and points, and creating smart all-around wallets by providing users with wealth management and consumption payment services.

The main functions of a wallet include monetary fund, regular financial management, innovation guarantee, e-commerce shopping, payment of utilities and coal fees, credit card, mobile phone recharge, transfer and so on.

Is China Ping An Group a state-owned enterprise?

No. China Ping An Group is China Ping An Insurance Company, which does not belong to the state or individuals. Because the shareholding structure of Ping An Company is scattered and there is no controlling shareholder, there is no actual controlling shareholder. China Ping An Insurance Co., Ltd. is the first joint-stock insurance company in China, which is listed on the main boards of Hong Kong Stock Exchange and Shanghai Stock Exchange.