Ping An Bank, a subsidiary of Ping An Insurance (Group) Co of China Ltd<601318><2318>, announced its Guangzhou branch started operation today, sources reported. It is the seventh outlet launched after the lender set up branches in Shenzhen, Shanghai, Fuzhou, Quanzhou, Xiamen and Hangzhou....
* To keep open attitude on Fortis restructuring plan * Shareholder vote on Fortis plan due April 28-29 * Relatively optimistic on mid- to long-term stock returns SHANGHAI/HONG KONG, April 9 - Ping An Insurance...
SHANGHAI, April 9 - Ping An Insurance (Group) Co of China Ltd will keep an open attitude on plans to restructure financial group Fortis and welcomes a better plan for shareholders, its president Louis Cheung...
Ping An Insurance (Group) Co<601318><2318>, the second biggest insurance company in China and the world's second largest insurer by market value, recorded a net profit of RMB 662 million in 2008, down 95.6% year on year, according to the financial report it released yesterday.Its earnings per share for last...
Ping An Bank Co Ltd, the banking unit of Ping An Insurance (Group) Co<601318><2318>, has launched a credit center for small and medium-sized enterprises (SMEs) in Hangzhou, the capital of Zhejiang Province, the Shanghai Daily reported.The move is in line with the bank's effort to boost credit to small...
Ping An Insurance (Group) Co<601318><2318>, China's second biggest insurance company, has experienced steady growth in its premiums in the first few months of 2009, and this trend will continue throughout the year, said Keith Li, executive vice-president of the life insurance unit....
Ping An Insurance (Group) Co<601318><2318>, the second biggest insurance company in China, currently has no plan to set up a private equity (PE) subsidiary in 2009, said Ping An's spokesman Sheng Ruisheng on Tuesday.The remarks were made in response to earlier media reports which said the...
Ping An Insurance (Group) Co<601318><2318>, the second biggest insurance company in China, currently has no plan to set up a private equity (PE) subsidiary in 2009, said Ping An's spokesman Sheng Ruisheng on Tuesday.The remarks were made in response to earlier media reports which said the...
Ping An Insurance (Group) Co<601318><2318>, the second biggest insurance company in China, intends to raise its shares in HSBC Holdings PLC <5><HBC> to facilitate the latter to achieve its aimed capital adequacy, China Business News reported, citing Ping An's spokesman Sheng Ruisheng....
Ping An Insurance (Group) Co of China <601318.SS> <2318.HK> plans to launch a private equity arm this year with initial capital of 20 billion yuan ($2.93 billion), two sources with direct knowledge of the plan said on Tuesday...