Ping an Weighs Cut to $13.3 Billion Stake in HSBC, Bloomberg Reports
--China's Ping An Insurance Group is looking at options to reduce its 8% stake in HSBC Holdings, Bloomberg reports, citing people familiar with the matter. --The possibilities under consideration inc
Express News | HSBC Shareholder Ping An Exploring Ways To Cut $13B Stake
Hong Kong stocks closed (05.16) | The Hang Seng Index closed up 1.59%, Hangzhou kicked off the storage model, and domestic housing stocks and property management stocks exploded
The three major indices of Hong Kong stocks fluctuated and strengthened today, and the Hang Seng Index and China Index once again hit new highs in the new year. At the close, the Hang Seng Index rose 1.59% or 302.82 points to 19376.53 points, with a full-day turnover of HK$204.899 billion.
China Ping An (601318.SH/2318.HK) premiums accelerated in April, and the financial resonance continued to be interpreted
On May 15, Ping An of China issued an announcement after the market. From January 1, 2024 to April 30, 2024, Ping An achieved a total of 33.377 billion yuan in original insurance premium income, an increase of 2.4% over the previous year.
Trending Stocks Today: SINO-OCEAN GP Shoots up 43.58%
May 16th - Hong Kong stocks trending now:Gainers: $SINO-OCEAN GP(03377.HK)$ shoots up 43.58% to HK$0.56 with a turnover of HK$508.79 million. $PING AN(02318.HK)$ climbs 6.47% to HK$42.75 with a turnov
Ping An Unit Files for Singapore Listing of $300 Million Bonds Due in 2034
China Ping An Insurance Overseas (Holdings), Ping An Insurance's (SHA:601318, HKG:2318) overseas platform for direct investments and asset management, filed to list $300 million worth of 6.125% bonds
Changes in Hong Kong stocks | China's Taiping (00966) rose nearly 6%, leading domestic insurance stocks, life insurance business rebounded in April, and “one-on-three” restrictions on banking insurance channels were lifted
Domestic insurance stocks continued their recent gains. As of press release, China's Taiping (00966) rose 5.13% to HK$8.82; China Life (02628) rose 3.78% to HK$12.08; China Taibao (02601) rose 3.74% to HK$20.2; and Ping An of China (02318) rose 3.49% to HK$41.55.
Ping An of China: The total premium income from the original insurance contracts of the four subsidiaries in the first 4 months was about 33.377 billion yuan, up 2.4% year on year
Ping An of China (02318) announced that from January to April 2024, the original insurance contract premium income of its subsidiaries Ping An Property Insurance Co., Ltd., Ping An Life Insurance Co., Ltd., Ping An Pension Insurance Co., Ltd., and Ping An Health Insurance Co., Ltd. was approximately RMB 103,529 billion, RMB 212.155 billion, RMB 8.145 billion, and RMB 6.549 billion respectively, totaling approximately RMB 33,377 billion, an increase of 2.4% over the previous year.
Ping An Insurance Logs 330 Billion Yuan in January-April Premium Income
Ping An Insurance (SHA:601318, HKG:2318) reported an accumulated gross premium income of 330.4 billion yuan from four subsidiaries in January-April, a Wednesday filing on the Hong Kong bourse said. Pi
Ping An Insurance Sells HK$392 Million Stake in HSBC
Ping An Insurance's asset management arm sold 5,648,800 of its shares in HSBC (HSBA.L), according to a Tuesday filing. The shares were sold for an average price of HK$69.3074 per share, or a total of
CISI Financial Unit Invests $6 Million in Ping An Bonds
China Industrial Securities International (CISI) Financial Group (HKG:6058) unit CISI Investment has subscribed to $6 million of bonds issued by China Ping An Insurance Overseas (Holdings), a Thursday
Haitong Securities: What is the impact of falling interest rates on insurance companies' operations?
In the long run, the economic growth rate determines the level of interest rates, and the interest rate center gradually declines as the potential growth rate of the economy declines.
A subsidiary of Xingzheng International was distributed to subscribe to Ping An Insurance overseas (holding) notes totaling US$6 million
Xingzheng International (06058) announced that CISI Investment, an indirect wholly-owned subsidiary of the company, subscribed to the notes sold by the issuer on May 8 and May 9, 2024 (after the trading period), respectively. The relevant instructions were confirmed on May 8 and May 9, 2024 (after the trading period), and CISI Investment was distributed to subscribe notes totaling US$6 million. The total cost was approximately US$5.97.13 million, not including transaction costs. According to reports, the issuer is China Ping An Insurance Overseas (Holdings) Co., Ltd., which issued the tickets
UPDATE 1-Singapore's DBS Appoints Ping An Technology CEO as Chief Information Officer
Singapore's DBS Appoints Ping An Technology CEO as Chief Information Officer
HSBC 'Entirely Unaware' of Ping An's Voting Intention for CEO's Board Seat
HSBC (HSBA.L) said Monday that Chief Executive Officer Noel Quinn's decision to leave the company pre-dated any communication from Ping An Insurance about its plan to oppose Quinn's board reappointment.
Market Chatter: Ping An Not In Favor of HSBC CEO's Appointment in Board
Ping An Insurance (SHA:601318, HKG:2318) voted against the reappointment of HSBC (HKG:0005) Chief Executive Officer Noel Quinn to the lender's board, Reuters reported Saturday, citing an unnamed sourc
Changes in Hong Kong stocks | Domestic insurance stocks continued to rise, insurers NBV performed well in the first quarter, and the sector's valuation rebound is expected to continue
Domestic insurance stocks continued to rise. As of press release, Zhongan Online (06060) rose 4.33% to HK$14.46; China Taibao (02601) rose 3.89% to HK$18.7.
Changes in Hong Kong stocks | Insurance stocks continue to strengthen, insurer NBV's performance exceeded expectations in the first quarter, and sector valuation repair is expected to continue under asset-side catalysts
The Zhitong Finance App learned that insurance stocks continued to strengthen in early trading. As of press release, AIA (01299) rose 9.07% to HK$58.9; China Taibao (02601) rose 5.72% to HK$18.12; China Life (02628) rose 4.85% to HK$10.8; Xinhua Insurance (01336) rose 4.61% to HK$15.44; Ping An (02318) rose 4.33% to HK$37.35. According to the news, judging from the quarterly reports of listed insurers currently disclosed, the overall year-on-year growth rate of insurers NBV has exceeded expectations under comparable standards. Among them
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