Ping An Insurance
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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 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
Ping An purchased 10.8 million HSBC shares in the open market at an average price of around HK$28.28 per share. 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
AMEX card transactions in renminbi – both online and offline – can now be cleared in mainland 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 Holding is backed by Ping An Insurance and offers online wealth management and retail loans. 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
Chinese firms have raised around $48 billion in listings and offerings this year. 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
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 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
China's largest insurance firm by market capitalization plans to boost cross-selling between its health care and financial tech platforms. 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
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. 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's Shanghai chief, Leng Peidong, is reportedly the subject of a corruption investigation by China's Central Commission for Discipline Inspection. 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
Lufax is reportedly scaling down its peer-to-peer (P2P) lending business following an increased crackdown by Chinese regulators on high financial risk operations. Lufax is reportedly scaling down its peer-to-peer (P2P) lending business following an increased crackdown by Chinese regulators on high financial risk operations.