China insurer News

HONG KONG – Financial conglomerate Ping An Insurance Group of China is seeking to offload its 44% stake in auto services portal Autohome, three people familiar with the situation told Reuters. Ping An, which is currently the biggest shareholder of …

U.S. private equity fund Carlyle Group has sold 18 million shares in China Pacific Insurance (Group) Co. Ltd (CPIC), taking its holding below 5 percent, CPIC said in a statement. Based on Thursday’s closing price, Carlyle raised about HK$438 million …