|Bid||78.650 x 0|
|Ask||78.700 x 0|
|Day's Range||78.600 - 81.500|
|52 Week Range||38.000 - 87.100|
|PE Ratio (TTM)||20.22|
|Forward Dividend & Yield||1.22 (1.72%)|
|1y Target Est||N/A|
Dec.05 -- SoftBank is making a harder push into China. Its technology fund is said to be looking into investments in health and financial businesses owned by Ping An Insurance. Bloomberg's Peter Elstrom reports on "Bloomberg Markets: Asia."
Ping An Good Doctor, a Chinese healthcare app backed by Ping An Insurance (2318.HK), is planning to raise approximately USD1 billion via a initial public offering on the Hong Kong stock exchange in the first half of next year, the South China Morning Post reported citing sources familiar with the matter. Five of the 10 biggest IPOs to have taken place in Hong Kong this year have involved mainland tech and internet companies and Ping An Good Doctor chairman Wang Tao is hoping to tap that growing interest, according to the report.
A surge in Ping An Insurance (Group) Co.’s shares this year has made it the world’s second-largest insurer by market value behind only Berkshire Hathaway Inc. And the rally may not be done yet.
Citigroup's Asia head of insurance investment banking Donald Lacey is leaving the bank to become the chief operating officer of Ping An Insurance Group Co of China's Global Voyager Fund, sources familiar with the situation said. Lacey, who joined Citi roughly 10 years ago, will start in his new job in a few months, one of the sources told Reuters. Citi and Ping An declined to comment.
Ping An Insurance Group Co. shares have soared almost 56 percent this year, even as short sellers have grown increasingly bearish on the stock. Short interest has more than doubled from this year’s low ...
China's Ping An launches $1 billion Global Voyager fintech and health care fund. It'll be led by Jonathan Larsen, who joins as chief innovation officer.
Ping An Insurance (Group) Co. plans to invest $100 million a year in Japanese companies as it seeks to diversify its investments outside of China.
A senior Chinese insurance regulator warned against the industry's reckless overseas investment, saying some insurers behaved recklessly when it came to offshore acquisitions, the official Securities Times reported on Thursday. Chen Wenhui, vice chairman of the China Insurance Regulatory Commission (CIRC) urged insurers to take a cautious approach when investing overseas, the newspaper said. "Blind outbound investment" by insurers, often with high leverage, involved tens of billions of yuan worth of risks in some cases, Chen was quoted as saying.