02318 PING AN
- 36.900
- +1.200+3.36%
PING AN News
Market Chatter: Ping An Insurance Plans to Issue Convertible Bonds of Up to $5 Billion
Ping An Insurance (HKG:2318, SHA:601318) is considering to issue convertible bonds worth between $2 billion and $5 billion, Bloomberg News reported July 9, citing insiders.The Chinese insurer is now
HK Stocks Update: LuKong (06623) soared over 15% at one point. Ping An Insurance will passively consolidate LuKong, and its shareholding ratio will increase to 56.82%.
According to the news from the China Securities News App, Lufax Holdings Ltd. (06623) rose more than 15% in early trading and, as of the time of publication, was up 14.29% at HKD 11.28, with a turnover of HKD 2.9013 million. On the news front, Lufax announced that it will issue approximately 0.509 billion new shares to its controlling shareholder Ping An Insurance, according to its stock dividend plan. After completion, Ping An's shareholding in the company will increase from 41.4% to 56.82%, making it its non-wholly-owned subsidiary. The company said that this move is favorable for further enhancing the positive synergy effects between Lufax Holdings Ltd. and Ping An Insurance, and that Lufax Holdings Ltd. is confident in the long-term development prospects of the company. Meanwhile, China.
China's Ping An Eyes up to $5 Billion Convertible Bond, Sources Say
Ping An Insurance (02318) may issue bonds as a financing instrument once or in multiple tranches within the next three years.
Ping An Insurance (02318) has released an announcement, informing that Ping An Insurance (Group) Co. of China has taken note of the company's plan...
Ping An Insurance Plans Potential Bond Issues
Express News | Ping an Insurance - Will Decide on Any Financing Within Scope of Authorization Granted at AGM
Express News | Ping an Insurance - Authorized to Issue Debt Financing Instruments in One or Several Tranches From Time to Time in Next 3 Years
Express News | Ping an Insurance - Notes Certain Media Reports on Proposed Issue of U.S. Dollar-Denominated Convertible Bonds by Co Published
Express News | Ping an Insurance - Voluntary Announcement
Market Chatter: Ping An Bank to Move Over a 100 Staff Members to Shenzhen From Shanghai
Ping An Bank (SHE:000001) will relocate over 100 staff members based in Shanghai to its Shenzhen home base to cut costs as China's banking industry struggles with profitability, The Standard reported
Ping An Insurance (Group) Company of China, Ltd.'s (SHSE:601318) Shares Lagging The Market But So Is The Business
With a price-to-earnings (or "P/E") ratio of 8.9x Ping An Insurance (Group) Company of China, Ltd. (SHSE:601318) may be sending very bullish signals at the moment, given that almost half of all compan
[Brokerage Focus] Bocom Intl maintains buy rating for Ping An Insurance (02318), expecting positive growth in operating profit this year with high certainty.
Jingwu Finance | Bocom International's research report points out that after China Ping An (02318) chose to convert its special dividend distributed by Lufax into shares, its stake in Lufax increased from 41.4% to 56.82%. The bank believes that Ping An's choice to convert its dividend into shares and increase its stake in Lufax's equity indicates that the company is bullish on Lufax's business development prospects. The financial gain or loss generated by Ping An's consolidation of Lufax will be treated as a non-recurring item and will not affect Ping An's operating profit after tax (OPAT). Ping An's current stock price corresponds to a pb ratio of 0.65 times in 2024, with a dividend yield of over 7%, and its valuation has become attractive again.
WIPO: China leads the global AI patent race with six times more applications than USA.
A new report released by the World Intellectual Property Organization on Thursday shows that China dominates the global competition in generative artificial intelligence patents. From 2014 to 2023, China applied for more than 38,000 patents in this field, which is six times the number of patents applied for by American inventors. Tencent, Ping An Insurance, and Baidu rank among the top three in generative AI patent applications globally. Generative AI is an artificial intelligence that allows users to generate text, images, music, audio, video and other content. China is far ahead in the invention field for the past decade with 38,210 patents, far exceeding the number of patents filed by the United States (6,276) and South Korea (41).
Goldman Sachs: Gives a "buy" rating to Ping An Insurance (02318) with a target price of HKD 55.
Goldman Sachs believes that Ping An Insurance's net income and operating profit will show strong growth in the financial year 2024.
Express News | Ping an Insurance Says Lufax Holding to Be Included in Consolidated Financial Statements
PAAMC HK's China Green Bond Fund Awarded ESG Fixed Income Fund of the Year (Asia) for Exceptional Performance
HONG KONG, July 2, 2024 /PRNewswire/ -- Ping An of China Asset Management (Hong Kong) Company Limited ("PAAMC HK"), the offshore asset management platform of Ping An Group, is proud to announce that
Hong Kong stocks have changed | Mainland insurance companies rose across the board in early trading as institutions explore alternative investments under asset shortages and it is expected that NBV growth rate in the first half of the year will exceed exp
According to the Wisdom Financial app, mainland insurance companies rose across the board early on, with China Taiping Insurance (00966) up 6.14% to HKD 8.47, China Pacific Insurance (02601) up 5.19% to HKD 20.05, and Ping An Insurance (02318) up 4.52% to HKD 37.05, as of the time of publication. In recent news, the new energy automobile brand Zhiji has undergone a change of shareholders in the industry and added shareholders such as China Pacific Insurance. In the context of low interest rates and poor performance of the equity market, pressure on the asset side is a challenge for insurance companies.
Ping An Co-CEO Michael Guo at "Summer Davos": Low Public Awareness of Financial Planning for Senior Care in China Is Opportunity for Financial Services Industry
Michael Guo (right), Co-CEO of Ping An Insurance (Group) Company of China, Ltd., and Professor Chenyang Wei (left), Research Fellow, Director of Finance MBA Education Center, and Director of the
Ping An Insurance (02318.HK) will hold a board of directors meeting on August 22 to approve its interim performance.
Ping An Insurance (02318.HK) announced on June 27th that the company's board of directors will hold a meeting on August 22, 2024, to consider and approve the group's mid-term performance ending on June 30, 2024, distribute mid-term dividends (if any), and handle any other matters.
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