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1、NavigatingtheChinamarket-SustaininghighgrowththroughinnovationsLouisCheungGroupPresidentSept2010P.0May,2010SummaryⅠTHECHINAGROWTHSTORY…Despiterecentvolatility,theChinesemarketremainsveryattractiveØFundamentalsdrivingtheextraordinarygrowthoftheChineseeconomyduringthepasttw
2、odecadesremainstrong–thesefundamentalsandappropriategovernmentpolicyadjustmentsenabledswiftrecoveryfromcrisisandwillsupportsustainedgrowthgoingforwardⅡTHEPINGANGROWTHSTORY…PingAn,bornofChineseeconomicreform,hasbuiltleadingmarketpositionsØPingAnhasachievedmuchfastergrowtht
3、hantheeconomyduringthepasttwodecades,andisleadingtherecoveryfromthecrisisasevidentfromtherapidmarketsharegainsandgrowthinourinsurance,banking,andinvestmentbusinessesⅢSUSTAININGHIGHGROWTHTHROUGHINNOVATIONS…Throughcontinuousinnovations,PingAnhasbuiltdistinctadvantagestofull
4、yexploitfuturegrowthoftheChinesefinancialmarketØOurintegratedfinancialservicesmodel,ourinnovativecapabilitiesinproductanddistribution,andcentralizedoperatingplatform,putusinaverystrongpositiontocapturefuturegrowthopportunitiesinChina,particularlyintheretailandSMEsegmentsP
5、.1May,2010ⅠTHECHINAGROWTHSTORY…Overthelast2decades,ChinahassustainedconsistenteconomicgrowthandcontinuedurbanizationRealGDPgrowth(%）10.0%10.5%9.5%8.7%6~8%1990-20002001-200820092010Fnext5-10yearslGrowthwellsustainedthroughdifferenteconomic&interestratecycleslDevelopmentand
6、reformmomentumcontinueddespitelocalinflationaryshocksandmultipleregional/globalcriseslMajoroverhaulandrecapitalizationofthefinancialsectorcompletedP.2May,2010Thoughaffectedbythefinancialcrisisin2008,ChinawassubsequentlyleadingtheglobalrecoveryChineseGDPgrowthreboundsswift
7、lyfromsubprimeimpact1614subprimecrisis%YoY1210864050607080910source:CEICGDP1Q2Q3Q4Q200811.3%10.1%9.0%6.8%20096.2%7.9%9.1%10.7%lDuetopromptgovernmentresponseandafunctioningbankingsystem,Chinamanagedtobecomethefirstmajoreconomytorecoverfromthesubprimeimpactandgrowstronglyp
8、ost-crisislBy1Q10,ChineseGDPgrowthwasup11.9%YoYP.3May,2010Short-termchallengesremainbuthardlandi
