Ping An Insurance (Group) Co<601318><2318>, China's second-largest insurer, has no fundraising pressure to pursue its acquisition of a 30% stake in Shenzhen Development Bank Co Ltd (SDB)<000001>, the Standard reported, citing group president Louis Cheung Chi-yan as saying....
HONGKONG, June 12 - China's Shenzhen Development Bank plans to raise at least 8 billion yuan ($1.17 billion) selling a stake to Ping An Insurance (Group) via a private placement of shares, a person with...
Ping An Insurance (Group) Co<601318><2318>, China's second-largest insurer, plans to acquire Shenzhen Development Bank Co Ltd<000001> through a share swap as part of its effort to expand its banking business, domestic media reported....
HONG KONG, June 8 - Trading in shares of Ping An Insurance Co of China Ltd <2318.HK> was suspended on Monday, the Hong Kong exchange said. No further details were immediately available....
Ping An Insurance (Group) Co<601318><2318>, China's second-largest insurer, will focus on Hong Kong stocks and will postpone overseas investments, said senior executives of the company, the China Securities Journal reported on ThursdayThe executives said at a shareholders' meeting that it was too...
SHANGHAI, June 4 - Ping An Insurance <2318.HK> <601318.SS>, China's second-largest insurer, will maintain a cautious stance on foreign investments, mainly sticking to Hong Kong stocks, official media quoted senior executives as saying. The...
Ping An Insurance (Group) Co<601318><2318>, China's second-largest insurer, is making preparations for its long-awaited entry into investment in property, sources reported on Tuesday, citing Ma Mingzhe, chairman and CEO of the group. The company has hired qualified personnel and established internal...
Ping An Property & Casualty Insurance Co, a property insurance unit of Ping An Insurance (Group) Co<601318><2318>, China's second-largest insurer, in April successfully issued RMB 2 billion of ten-year subordinated bonds to strengthen its solvency, the Shanghai Securitas News reported on Thursday....
Ping An Insurance (Group) Co<601318><2318>, China's second-largest insurer, plans to vote against the sale of Fortis' assets to France-based BNP ParibasThe Chinese insurer, which has a 4.81% stake in Fortis, said in a statement that it would not approve the revised terms of a deal at shareholder meetings in...
Ping An Insurance (Group) Co<601318><2318>, China's second-largest insurer, is likely to halt its overseas expansion plan over the following two years due to the uncertain market conditions, the Standard reported citing Dominic Leung Ka-kui, executive vice president of the insurer, as saying....