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HKEX's dual-counter model creates investment option for city's trillion-yuan deposits, boosts currency hub status

Some 24 Hong Kong-listed companies apply for permission for their shares to be traded in both yuan and Hong Kong dollar currencies, which would spur the yuan internationalisation campaign and consolidate the cityโ€™s status as a leading offshore yuan hub.
Hong Kong Lau Ka Kuen Uan Shares Banking And Finance Ping An Dual Counter Model
Source: scmp.com

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Ping An Insurance (Group) Company of China, Ltd.: Ping An Asset Management: China's Aging Society Sparks Pension Interest, Becomes the Next Opportunity for Asset Management Industry

HONG KONG and SHANGHAI, May 24, 2023 /PRNewswire/ -- China is with great potential and very open for high standard players, says Jacqueline Zhang, Deputy General Manager of Ping An Asset Management
Ping An Jacqueline Zhang Gewinn Nur Ping An Asset Management Co Ltd China Securities Regulatory Commission Deputy General Manager

Online lender Lufax sees profit drops 86% y-o-y

Lufax Holding, the Chinese online lender backed by Ping An Insurance, reported an 86% year-on-year decline in profit in the first quarter, amid Chinaโ€™s lacklustre economic recovery, reports the South China Morning Post. Net income at the Shanghai-based company stood at RMB 732 million ($103.8 million) in the first three months, compared with RMB 5.29 billion…
Ping An Hong Kong Yongsuk Cho Ping An Overseas Holdings South China Morning Post Lufax Holding

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