Ping An Insurance (Group) Co., China’s second-largest insurer, has submitted a bid for The Squaire building in Frankfurt, people with knowledge of the matter said. The Squaire, a ship-like office and hotel complex perched atop the train station at Frankfurt …
Ping An Insurance (Group) Co., China’s second-largest insurer, won regulatory approval for a private placement that may amount to as much as $5 billion, Hong Kong’s biggest share sale in almost two years. The China Securities Regulatory Commission approved Ping …
Ping An Insurance (Group) Co., China’s second-largest insurer, said profit rose in the third quarter as banking revenue expanded and a stock-market rally bolstered investment returns. Net income climbed to 10.3 billion yuan ($1.68 billion), or 1.23 yuan a share, …
Charoen Pokphand Group Co., the largest stockholder in Ping An Insurance Group Co., pledged about 880.2 million Hong Kong-listed shares in China’s second- largest insurer to UBS AG to back financing. CP Group’s ownership in Ping An through units dropped …
Ping An Insurance (Group) Co., China’s second-largest insurer, said first-half profit rose 28.3 percent as investment income expanded and earnings from banking operations grew. Net income climbed to 17.91 billion yuan ($2.93 billion), or 2.26 yuan a share, from 13.96 …
China’s insurance regulator is expected to reject HSBC’s sale of its $9.4 billion stake in Ping An Insurance to Thai conglomerate CP Group, media reports said on Wednesday. The failure of the deal would be a blow to HSBC and …
