Recently, the market value of the three major A-share stocks has continued to decline. Life Insurance Co., Ltd., Ping An of China (02318), and China Pacific Insurance have basically lost their market value. Ping An of China has fallen from a high of RMB 90 this year to only RMB 50.
When the market declines, many people are also downcast on the future development of the insurance industry. In fact, many people have forgotten that from the middle of last year to the middle of this year, the three major insurance giants have almost started to rise wildly. At that time, the market value of Ping An of China skyrocketed to around 1.5 trillion yuan.
Now that one year has passed, the performance of the capital market is completely different. In fact, many so-called critics and stock critics are determined by their ass, and that is through the results. What does that mean? When the stock market is rising, look for positive news, and when the stock market is falling, look for negative news.
In fact, the market is changing rapidly nowadays, and all kinds of news are constantly appearing. In fact, whether a company is good or not is not determined by the stock price and market value, but by the company's operations, whether it can make money, and how much money can it make?
Wang Jianlin once said that a company that does not make money in theory is unethical. If talking about the ability to make money, then Ping An is definitely one of the strongest in China. Many people know that Ping An’s headquarters is in Shenzhen, China. This place in Shenzhen can be said to be a Hidden Dragon and Crouching Tiger.
There are many outstanding companies in Shenzhen. In addition to Ping An, there are also outstanding companies of different types such as QQ Music, Huawei, Zhengwei, Vanke A and so on. Tencent's earning power can be said to be very scary. In the second quarter of this year, Tencent's profit reached more than 30 billion.
However, Tencent's ability to make money is still not as good as Ping An of China. Ping An recently announced its financial report for the first half of this year. In the first half of this year, Ping An’s operating profit reached 81.8 billion. What is the concept of 81.8 billion operating profit? It is equivalent to saying that an average of several hundred million is earned a day.
How many companies can't make hundreds of millions a year, but Ping An can make hundreds of millions a day. The development of Ping An of China has been very stable, and they are currently developing in an all-round way.
When it comes to Ping An of China, the company has to talk about its founder, Ma Mingzhe, as well as the city of Shenzhen. The development of Ping An is actually a microcosm of the development of Shenzhen. On the 40th anniversary of Shenzhen, Hong Kong entrepreneur Hu Yingxiang once lamented that they once thought that it would take at least 100 years for Shenzhen to develop to what it is today. They did not expect Shenzhen to do it in 40 years.
The Shenzhen Special Economic Zone was established many years ago, but at that time Shenzhen was actually a small fishing village. In the history of Shenzhen's development, Yuan Geng is a person who must be mentioned. The famous Shekou Industrial Zone was developed by Yuan Lao.
At that time, there was a young man named Ma Mingzhe in Zhanjiang, Guangdong. He didn't know that his future destiny would be closely linked to the city of Shenzhen.
Ma Mingzhe was not from Zhanjiang, his father was from the north, and later went south to Zhanjiang. Ma Mingzhe was assigned to work in a unit after graduation. Although Ma Mingzhe did not have a high degree of education, he could drive at that time. At that time, there were not many people who could drive. If college students were rare, those who could drive were also rare.
Because of this skill, Ma Mingzhe was transferred to Shenzhen and became a big man driver. After Ma Mingzhe arrived in Shenzhen, he also found out that he had many shortcomings, so he kept learning actively and knew everything about the economic management of many companies. Ma Mingzhe is eager to learn and has won the appreciation of the leaders. So the leader also deliberately promoted the young man Ma Mingzhe.
Later, a few workers in Shekou were injured, so the leaders put forward the idea of establishing an insurance company. At that time, some people opposed it and others supported it. So everyone decided to hold a meeting to discuss. At that time, the leadership asked Ma Mingzhe to also participate. Ma Mingzhe spoke boldly at the meeting, and it was justified and well-founded, which won the attention of Yuan Lao.
Later, with the support of Yuan Luo, Ma Mingzhe founded Ping An Insurance. Ma Mingzhe also became the general manager of the company from a driver. Although Ping An Insurance was still very small at that time, plus Ma Mingzhe there were only 3 people in total. At the beginning, Ping An Insurance was funded by Industrial and Commercial Bank of China, with a principal of 3 million yuan.
After the establishment of Ping An Insurance, Ma Mingzhe can be said to be determined to forge ahead and keep the company at the forefront of reforms. At the beginning of the 1990s, Ping An Insurance had achieved certain results. Ma Mingzhe actively promoted the company's shareholding system reform, introduced a large amount of foreign capital, and allocated shares to the management, making Ping An Insurance a joint-stock company.
After years of development, Ping An’s business now involves banking, insurance, securities, trust and investment. Many people know that Ping An’s investment empire alone is very large. Ping An is the second largest shareholder of many real estate giants such as Country Garden and Sunac. The assets of this piece alone exceed 100 billion.
Ma Mingzhe is definitely one of the most legendary figures in China's financial history.