Ping An Insurance

The Latest

  • Ping An Insurance sees 31.2% profit drop on shrinking returns, premium income
    Ping An Insurance sees 31.2% profit drop on shrinking returns, premium income
    Ping An Insurance Group Co of China Ltd, the country's largest insurer by market value, posted a 31.2% fall in third-quarter net profit on Wednesday as its premium income shrank on a weak economy and profit was dented by losses on investment assets.
  • Ping An Insurance Snaps Up HSBC Stock As Price At Unprecedented Lows
    HSBC
    Ping An purchased 10.8 million HSBC shares in the open market at an average price of around HK$28.28 per share.
  • CHINA BRIEFING: American Express Cards Now Accepted Here; Nestlé Sells Water Business To Tsingtao Brewery
    American Express China
    AMEX card transactions in renminbi – both online and offline – can now be cleared in mainland China.
  • China Fintech Lufax Could Raise As Much As $3 Billion In U.S. IPO: Sources
    Lufax
    Lufax Holding is backed by Ping An Insurance and offers online wealth management and retail loans.
  • China's Lufax Guns For $3 Billion U.S. Listing This Year: Sources
    MAJOR PARTNER
    Chinese firms have raised around $48 billion in listings and offerings this year.
  • Sun Hung Kai Sells Part Of Hong Kong Property To Ping An for $1.45 Billion
    Hong Kong Property Market
    Ping An has agreed to purchase 30 percent of the office space in Sun Hung Kai's mega-development in Hong Kong for $1.45 billion.
  • Ping An Insurance Sets Aside $1.7 Billion As Annual Tech Budget For 2020
    Ping An Healthcare And Fintech
    China's largest insurance firm by market capitalization plans to boost cross-selling between its health care and financial tech platforms.
  • Traders Remain Optimistic Despite US-Iran Tensions
    Nasdaq
    The China stock market has shown improvement last Thursday and traders remain confident that the US-Iran conflict would not substantially affect the global economy.
  • Ping An Bank Shares Dip As Shanghai Chief Under Corruption Probe
    Ping An Bank
    Ping An Bank's Shanghai chief, Leng Peidong, is reportedly the subject of a corruption investigation by China's Central Commission for Discipline Inspection.
  • Ping-An Insurance-backed Lufax To Scrap Core P2P Lending Business
    China P2P Lending
    Lufax is reportedly scaling down its peer-to-peer (P2P) lending business following an increased crackdown by Chinese regulators on high financial risk operations.