Page 7 - Ping An News Today

A subsidiary of Chinas Ping An Insurance failed to repay a roughly $107 million trust product on time, citing the property market crisis and adding that it is suing developer Zhenro Properties with...

Asia Market Update: Inflation concerns return as yields spike; On watch for JPY & CNY interventions; Oil spikes on Iran retaliation warning; US PPI in focus tonight + ECB rate decision; CB decisions continue in Asia on Friday.

Ping An Insurance (Group) Co.'s trust business delayed repayment on a property-linked investment product, showing how the financial giant's

Cy Jacobs, co-founder of 360NE, offered a deep dive into investment strategies and market insights during the Q&A session at BNC#6.

Bank’s strategic shift towards Asia drives sale amid currency volatility

Boss Noel Quinn said the banks business in the South American country has generated substantial earnings volatility for the wider group.

Ping An Trust, a subsidiary of Chinas Ping An Insurance, said it has failed to repay a trust product on time due to the overall downturn in the property market. It delayed repayment of...

(Reuters) -HSBC Holdings said on Tuesday it will sell its Argentina business and record a $1 billion pre-tax loss from the divestment in the first quarter of fiscal 2024 as the lender moves to sharpen its focus on Asia. HSBC will sell the business, which covers banking, asset management and insurance and $100 million in subordinated debt, to Grupo Financiero Galicia for $550 million, according to a statement. Buenos Aires-based Galicia is Argentina's fifth largest bank.

Ping An Insurance Company of China, Ltd. has again received a Low Risk ESG Risk Rating from Sustainalytics, ranked first in Mainland Chinas insurance sector. With a risk rating score of 17,...

Global banking giant HSBC has agreed on the sale of its business in Argentina and is booking a $1 billion loss on the deal, the bank said Tuesday, as it...