Ma Mingzhe

Ma received his doctorate and is a member of the Communist Party of China.

Ma has worked in the insurance industry for his entire career. He served as deputy general manager of the Social Insurance Group of China Merchants Group before joining Ping An Insurance in 1988. Ma worked at Ping An for several years before becoming its president.[9]

Ma opened the doors of Ping An to foreign investors including HSBC, Morgan Stanley and Goldman Sachs. His company was one of the earliest companies to launch a successful float on a huge scale in Hong Kong.[10]

The Times calls him "a seasoned infighter who engineered the emergence of Ping An as an independent insurer from its earlier domination by the Chinese state banks, which were its principal shareholders."[10]

• On September 26, 2007, Mr. Ma Mingzhe, and together with his family announced at the Ping An National Support Centre in Zhangjiang, Shanghai that they will donate a total of RMB $100 million to establish a special fund called the “Ming Yuan Charity Fund” (hereinafter referred to ask “Mingyuan Fund”). With a donation of RMB $20 million in the first phase, and plan to make additional investments within the next 5 years. As the first charity fund established in the name of an individual in China, Mingyuan Fund adopted a principal management model, entrust third-party institutions to carry out investment operations, and invest part of the investment income obtained in caring the future of women, children, education, and areas in urgent need of charity assistance.[11]

• On May 18, 2017, Ping An announced that it would establish its own “Ping An Charity Day” every 27th of May, the group’s founding day. The Group also promulgated the “June 1st Charity-in-Action”, calling upon 1.5 million Ping An staffs to take part in a series of Rural Communities Support, while actively participating in all types of charity events organized by the group and its subsidiaries, which covers businesses such as property and casualty insurance, life insurance, banking, trusts, and Puhui Financial. On the same day, Mr. Ma Mingzhe, Chairman and CEO of Ping An, visited the first Ping An Hope Primary School in Lu’an, Anhui Province, where the group first started its “Teaching Volunteers Program”, to show support. Taking the lead in responding to the clarion call of “June 1st Charity-in-Action”, Mr. Ma set a personal example by getting involved in efforts aimed at alleviating poverty.[12]

• On January 1, 2018, Mr. Ma Mingzhe announced that Ping An will officially launch the "Three Village Project". The “Three Villages Project” is Ping An’s active response to the call of the party and the government, making full use of its own resources and technological advantages, facing the three directions of “the Village Officer program, Village Doctor program and the Village Teacher program”, with “smart poverty alleviation” as the core, a platform enabled by start-of-the-art technology to broaden the reach of the Three-village Project in welfare, health and education with a view to help poverty-stricken areas get rid of poverty.[13]

• At present, the “Three Villages Project” has been implemented in 13 province-level regions including Inner Mongolia, Jiangxi, Guangxi, Chongqing, Gansu, Sichuan, Henan, Tibet, Yunnan, Shaanxi, Hubei, Guizhou and Hunan, for the betterment of over 333,000 people’s lives and 15,000 households in poverty. As of the end of June 2019, the funds for poverty alleviation and underwriting the single largest corporate poverty relief bond in China. As of June 2019, the “Three Villages Project” has issued a total of RMB $10.373 billion in Rural Communities funds, driving more than 40,000 people. The Village Doctor Program has upgraded to 622 rural clinics, trained 6,926 village doctors, 300 mobile health tests, and more than 30,000 medial examinations in poverty-stricken areas. The Village Teacher Program has supported or upgraded around 607 rural schools and helped to train 4,831 rural teachers. Over 230,000 students have benefitted from the online remote classrooms. [14]

• In March 2020, Ping An Insurance (Group) Company of China, Ltd. donated US $1.5 million of COVID-19 medical supplies to the needs of the Indonesian government in response to the Extraordinary G20 Leaders’ Summit’s call to support various nations in the fight against the global coronavirus pandemic. The group and Chairman, Mr. Ma Mingzhe has donated medical equipment such as goggles, protective clothing, respirators and more. [15]

• In April 2020, Ping An Insurance (Group) Company of China, Ltd. (02318.HK) donated over 1.1 million pounds of anti-epidemic materials to the UK .in respond to the urgent needs of the British government. The group and its chairman, Mr. Ma Mingzhe, donated medical materials, including 100,000 masks and gloves, goggles, 10,000 hand sanitizer, face mask and COVID-19 diagnostic test kits, 4,000 sets of protective clothing and 15 respirators. The medical technological aid includes 1,000 sets of the COVID-19 smart image-reading system of Intelligent CT scans.[16]