- Reuters•last month
China's state-backed developer Greenland Holdings said on Thursday it would jointly invest more than $1 billion in a biotech industrial park in south San Francisco with smaller peer Agile Group, Ping An Trust and Poly Sino Capital. The Shanghai-based company, the largest investor in the 210,000-square-meter project, said in a statement it aims to enhance cooperation between China and the United States on biotech research and development via the investment. Greenland Holdings have been aggressively expanding outside China and the traditional real estate industry as margins at home slow.
- Barrons.com•last month
Ping An soared 3.3% in Hong Kong this morning after reporting its first-half after-tax net profit grew 18% from a year ago. In the first-half last year, its net profit soared 62%. This is also even more impressive considering interest rates in China are falling (bad news for insurers who have longer duration on liabilities) and China's A-share stock markets are still in the dumps.
Ping An Insurance (Group) Company of China, Ltd. (2318.HK)
HKSE - HKSE Delayed Price. Currency in HKD
|Day's Range||40.85 - 41.60|
|52wk Range||30.50 - 46.70|
|1y Target Est||N/A|
|P/E Ratio (ttm)||11.80|
|Avg Vol (3m)||36,251,881|
|Dividend & Yield||N/A (N/A)|