|Day's Range||52.52 - 53.28|
|52 Week Range||31.83 - 55.09|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||55.90|
Remains Top-Ranked Chinese Insurance Enterprise HONG KONG and SHANGHAI , July 20, 2017 /PRNewswire/ -- The "2017 Fortune Global 500" ranking has been officially released. Ping An Insurance (Group) ...
Ping An Insurance Group Ltd , China's largest insurer by market value, is scouting for fintech and healthcare assets in the United States, Israel and Singapore, as it looks to use a $1 billion investment fund, a company executive said. The Shenzhen-based insurer plans to use the acquired technology and know-how to grow its business in China, Jonathan Larsen, Ping An Group's chief innovation officer and chairman of the fund, told Reuters on Tuesday.
A drive by China's big technology companies to develop credit scoring platforms, originally backed by Beijing, faces growing opposition from regulators, who fear the initiatives may threaten data security and create conflicts of interest. Two people familiar with the process told Reuters that the central bank - which in 2015 allowed eight firms including Alibaba's Ant Financial and Tencent Holdings to develop scoring systems - has quietly pulled back its support.