Ping An Insurance (Group) Co<601318><2318>, China's second-largest insurer, confirmed on Sunday that it will vote against Fortis Bank's revised plan to sell its assets to France's BNP Paribas in an upcoming shareholders meeting.Ping An, which holds a 4.99% stake in Fortis, said it will reject the deal to...
Dec. 1, 2008 (China Knowledge) - Ping An Insurance (Group) Co<601318><2318>, the second largest insurer in China, is asking help from the Chinese government to support its demand for compensation from Belgium, which nationalized the...
Nov. 20, 2008 (China Knowledge) - Ping An Life Insurance (Group) Co<601318><2318>, China's second largest life insurer, announced it recorded premium income of about RMB 108.2 billion in the first ten months, up 9% from...
SHANGHAI, Oct 5 - Ping An Insurance said on Sunday that it would report a loss of about 15.7 billion yuan ($2.3 billion) on its investment in troubled European financial group Fortis. China's second-largest life...
HONG KONG, June 16 - By 0400 GMT the benchmark Hang Seng Index <.HSI> was 3.1 percent lower at 17,929.94. The China Enterprises Index <.HSCE> of top mainland companies had fallen 3.2 percent to 10,529.40....
HONG KONG, June 15 - Hong Kong shares will open 0.9 percent lower on Monday, snapping a three-session winning streak, amid lack of fresh evidence of turnaround in global economy and lower crude oil prices....
* 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 (Adds background on Fortis, earnings) SHANGHAI, April 9...
* Posts second straight quarterly loss due to Fortis * Net profit for full year slumps 99 pct * Takes a 22.79 bln yuan impairment loss on Fortis * Analysts expect Ping An's prospects to...
SHANGHAI, Oct 6 - China's stock market, resuming trade on Monday after a week-long national holiday, opened lower in response to sliding overseas markets and fears of a global economic slowdown. The Shanghai Composite Index...
Ping An Insurance (Group) Co<601318><2318>, China's second-largest insurer, has agreed to subscribe the Hong Kong initial public offering shares of China Minsheng Banking Corp Ltd<600016> as a cornerstone investor, said unnamed sources, leading Hong Kong newspaper Ming Pao reported today....