Page 41 - Ping An News Today : Breaking News, Live Updates & Top Stories | Vimarsana

What investors will be watching over the next seven days

HONG KONG — Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the nation's biggest private property developer, Reuters reported on Wednesday (Nov 8), citing sources familiar with the plan. A state-engineered rescue of Country Garden by Ping An would be one of the most significant interventions to date by China to...

Pessimism surrounding China’s economic outlook is overblown, say leaders of Chinese financial firms. Read more at straitstimes.com.

(Bloomberg) -- A report that Chinese authorities asked Ping An Insurance Group Co. to rescue Country Garden Holdings Co. sent the insurer’s stock sliding, wiping out $3.1 billion from its valuation. Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’US 30-Year Mortgage Rate Tumbles by Most in More Than a YearVIX Notches Its Longest Slide Since October 2015: Markets WrapVirginia Democrats Fend Off Republican Sweep in Win for Abortion RightsAdam Neumann Remain

China stocks were flat on Thursday after the latest consumer prices data revived worries on recovery, while investors weighed developments in the property sector and other stimulus measures. ...