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This e-mail is confidential and subject to IND-X Advisors Limited's electronic communication policy, which can be viewed at: http://www.indxadvisors.com/go/legal
ay | schulte-Research
=e China Fintech Map
/ Zhong An J AliiinhadAré / Tencent / \ — / \Alibab -- st tIPO | j 1 ipaba wiliown o nt pos } $231 bn 12% om 9 | = sasieaiie | 169% $233 eee bn \ \ j > °, \ j / \ \ RiIngAn pace (CIC, CDB, CCB, ChinaLife, China , Tencent12% Pacificinsurance) jf a _— PingAn —~_ 20%. . <_CDH (ex-cicc)* >> = a ee CIC ae We) ie aS 7 .* PA << _——.__ ZhongAn / WeBank \ ; Lufax \ Ny $Sbn | f $25bn Tencent 30% fn Ping An 44% [ 44% | Ping An \ 2: p BOC, Guotai Junan | / $97 bn
x citic Sec.
WeBankmanagement = ee teamfromPingAn ~— —" —<—<$—
*CDH: set up by Wu Shangzhi, who brought a team from CICC
HOUSE_OVERSIGHT_026040