Page 8 - Ping An News Today

Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An", the "Company" or the "Group", HKEX: 2318 / 82318; SSE: 601318) has again received a "Low Risk" ESG Risk Rating from Sustainalytics, ranked first in Mainland China's insurance...

HSBC is selling a business, which covers banking, asset management and insurance, to Argentina’s fifth largest bank Grupo Financiero Galicia for $550-million

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

HSBCs European chief is betting on rising regional wealth and overseas expansion by Asian corporate clients to boost his units contribution to group profit after a multi-year reboot turned the...

Delivery app riders pedalling through cities and tailbacks at drive-throughs were familiar signs of Britain’s hunger for takeaway food at the peak of the Covid pandemic. Now a study suggests it became an enduring habit. After a boom in orders on Deliveroo, Just Eat and other platforms by locked-down consumers, research by the Institute for Fiscal Studies (IFS) suggests the popularity of takeaways, meal deliveries and food-on-the-go bought from retailer such as sandwiches and crisps has...

HSBC Chairman Mark Tucker told the bank's shareholders in Hong Kong on Wednesday a spin-off of its Asian business will not happen.

HONG KONG: HSBC Chairman Mark Tucker told the bank's shareholders in Hong Kong on Wednesday (Apr 3) a spin-off of its Asian business will not happen. "There is no appetite amongst our shareholder base, as demonstrated by last year's AGM results, to vote for a spinoff. That will not happen," Tucker said at

In May last year, HSBC defeated a resolution from Hong Kong-based shareholders and backed by major investor Ping An to potentially spin-off its lucrative Asia business.

Hong Kong investors told by Mark Tucker that there is no appetite among shareholders to split firm

Europes largest bank expects to reap an estimated $4.9billion (£3.9billion) gain from the transaction in its first-quarter results.