China's Ping An Insurance, the world's No. 2 life insurer by market value, Tuesday reported an increase in its market share in both its life insurance and property insurance business in the first three quarters of this year. According to Ping An's report released Tuseday, the company's premium in...
US-based financial holding company JPMorgan Chase & Co recently raised its shareholding in Ping An Insurance (Group) Co<601318><2318> to 7.01% from the previous 6.98%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.Information from the HKEx showed that JPMorgan...
Shareholders of Shenzhen Development Bank (SDB) approved the sale of 370 to 585 million shares to Chinese insurer Ping An yesterday. The deal is worth 10.68 billion yuan ($1.56 billion) and the issued shares will have a lockup period of three years. SDB is a medium-sized lender with over 200 bran...
Ping An Insurance (Group) Co<601318><2318>, China's second-largest insurer, said on Tuesday that it will discuss a proposal of issuing 2.99 billion H-shares to private equity firm Newbridge Capital, the largest shareholder of Shenzhen Development Bank Co Ltd (SDB)<000001>, at a shareholder meeting on Aug. 7...
Ping An Bank, a subsidiary of Ping An Insurance (Group) Co of China Ltd<601318><2318>, announced on Friday that it will start issuing RMB 3 billion worth of ten-year subordinated bonds on Jun. 26.The bonds include RMB 2 billion in ten-year fixed-rate bonds and RMB 1 billion in ten-year floating-rate bonds....
HONG KONG, June 17 - Shares in Ping An <2318.HK> dropped sharply for a third straight day on Wednesday after announcing a deal to increase its stake in mid-sized lender Shenzhen Development Bank <000001.SZ> to...
* Shenzhen Bank soars; Ping An gains in Shanghai, drops in HK * Turnover light in both markets as caution reigns * Commodity prices weigh on resources counters (Updates to close) HONG KONG/SHANGHAI, June 15...
HONG KONG/SHANGHAI, June 15 - Shares in Shenzhen Development Bank rallied on Monday after Ping An Insurance (Group) said it will increase its stake in the mid-sized lender to close to 30 percent, from the...
HONG KONG, June 15 - Shares in Shenzhen Development Bank opened 10 percent higher on Monday, pushing its upper limit, after Ping An Insurance (Group) said it will buy out Newbridge Capital's stake in the...
HONG KONG, June 15 - Hong Kong shares are seen hovering on Monday amid a lack of fresh evidence of a recovery in the global economy and lower crude oil prices. Ping An Insurance (Group)...