Chinese insurers may boost outbound investment by about $100 billion over the next three years, as they seek to diversify risks through buying more overseas securities, private equity and real estate, BNP Paribas said on Thursday, citing a survey. This …
Ping An Insurance Group Co. of China Ltd, the country’s second-largest insurer, is aiming for a possible fivefold increase in overseas investments and has not been put off Britain by its vote to leave the European Union, its group chief …
Ping An Insurance (Group) Co., China’s second-largest insurer, said first-half profit rose 18 percent as growth in premiums and banking revenue helped offset the impact of stock-market declines that have hit rivals. Net income climbed to 40.8 billion yuan ($6.2 …
As China’s medical bills rise steeply, outpacing government insurance provision, patients and their families are increasingly turning to loans to pay for healthcare, adding to the country’s growing burden of consumer debt. While public health insurance reaches nearly all of …
Ping An Insurance (Group) Co., China’s second-biggest insurer, said profit rose 38 percent last year as investment returns from stock trading expanded and banking revenue increased. Net income climbed to 54.2 billion yuan ($8.3 billion) from 39.3 billion yuan a …
Zhong An Online Property & Casualty Insurance Co., a Chinese online insurer part owned by Alibaba Group Holding Ltd., said it raised 5.8 billion yuan ($934 million) from investors including Morgan Stanley. The Shanghai-based company now has a market value …
PICC Property and Casualty Co. Ltd., the insurer of a ship that capsized in China’s Yangtze River on Monday, and other insurers have sent teams to the site to settle claims in connection with what could be the country’s worst …
The brokerage unit of Chinese financial firm Shenwan Hongyuan Group Co Ltd will stop lending money to clients to buy shares in Ping An Insurance Group, the latest move in China’s drive to tighten margin financing rules to curb stock …
Ping An Insurance (Group) Co., China’s second-biggest insurer, said first-quarter profit rose 85 percent as stock-market rallies boosted investment returns and banking revenue expanded. Net income climbed to 20 billion yuan ($3.2 billion), or 2.19 yuan a share, in the …
Asia’s top-performing hedge fund is holding on to yuan shares of Chinese insurance and utilities companies, even after the Shanghai Composite Index surged 53 percent in 2014. Monetary easing in China will help bolster investment-linked insurance sales and make the …
