Page 24 - Ping An News Today

(Bloomberg) -- Ping An Insurance (Group) Co. doesn’t hold any shares in Country Garden Holdings Co. and has no plans to acquire the distressed Chinese developer, the company disclosed in a Shanghai Stock Exchange filing on Wednesday. Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’Trump's Wealth Has Jumped $500 Million Since He Left the White HouseXi to Meet US Business Leaders for Dinner in San FranciscoVirginia Democrats Fend O...

China's State Council, which is headed by Premier Li Qiang, has instructed the local government of Guangdong province, where both companies are based, to help arrange a rescue of Country Garden by Ping An, said two of the sources who have direct knowledge of the matter. A spokesperson for Ping An said the company had not been approached by the government and denied the information reported by Reuters.

Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the nations biggest private property developer, four people familiar with the plan...

The "Greater Bay Area" refers to the Chinese government's scheme to link the cities of Hong Kong, Macau, Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen and Zhaoqing into an integrated economic and business hub.

Reuters published a report that made lots of noise this morning, announcing that China asked Ping An Insurance to take control of Country Garden. But Ping An and other sources denied this. However,...

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street stocks longest winning streak in two years - clocking seven straight daily gains - has been underscored...

Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the nations biggest private property developer, Reuters reported on Wednesday, citing...

Homebuyers would not rush to buy property just because Country Garden gets out of trouble. If the crisis is allowed to spread and confidence collapses, the risk is that China enters a negative feedback loop of debt and deflation and succumbs into a lost decade in terms of growth.

The "Greater Bay Area" refers to the Chinese government's scheme to link the cities of Hong Kong, Macau, Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen and Zhaoqing into an integrated economic and business hub.

Ping An Insurance (Group) Co. doesn't hold any shares in Country Garden Holdings Co. and has no plans to acquire the distressed Chinese developer, the