Ping An Insurance Group Co of China Ltd (601318.SS)
21 May 2019
HONG KONG Ping An Insurance's OneConnect financial technology unit has selected Goldman Sachs, JPMorgan and Morgan Stanley to work on its Hong Kong initial public offering (IPO) of up to $1 billion, people with direct knowledge of the matter said.
HONG KONG, May 17 Ping An Insurance's OneConnect financial technology unit has selected Goldman Sachs, JPMorgan and Morgan Stanley to work on its Hong Kong initial public offering (IPO) of up to $1 billion, people with direct knowledge of the matter said.
SINGAPORE/BEIJING, April 29 Ping An Insurance (Group) Co of China Ltd , the country's largest insurer by market value, posted a 77 percent rise in first-quarter net profit on strong investment returns driven by a capital market recovery.
SINGAPORE/HONG KONG Financial giant Ping An Insurance Group Co of China Ltd said it would return up to 10 billion yuan ($1.5 billion) to shareholders through its first share buyback, after posting a forecast-beating jump in annual profit.
* 2018 profit jumps 20.6 pct to 107.4 bln yuan (Adds president's comments, closing share price)
SINGAPORE/HONG KONG, March 12 Ping An Insurance Group Co of China Ltd , China's largest insurer by market value, posted on Tuesday a forecast-beating 20.6 percent jump in annual net profit, boosted by strong growth in its life and health insurance business.
HONG KONG/TOKYO Japanese insurance companies have spent more than $50 billion on acquisitions over the past five years to become the world's second-largest buyer of insurance assets, and the deals spree won't be slowing down any time soon.
HONG KONG The SoftBank-led Vision Fund is hiring an investment team to be based in China as the $100 billion investment giant expands in one of the world's most vibrant tech markets, two people with direct knowledge of the move told Reuters.
* Vision Fund to open 1st mainland office in Shanghai - sources
* Fundraising values Lufax at $38 bln prior to closing -sources