by Megha Malhotra | Aug 27, 2021 | China, High Yield Bonds
China’s largest insurer by market cap, Ping An Insurance reported disappointing 1H earnings on Thursday on the back of a decline in sales of its life and motor insurance policies as well as huge provisions. Profits for the six months ended June 30 came in at RMB...
by bondevalue | May 3, 2021 | China, High Yield Bonds
Ping An Insurance Group through its Ping An Life unit will lead the restructuring of Peking University Founder Group (PUFG) along with two municipal governments in the southern province of Guangdong. PUFG is a state owned conglomerate founded by Peking University that...
by bondevalue | Apr 26, 2021 | China, Investment Grade Bonds
Ping An Insurance, China’s largest insurance company reported resilient Q1 earnings late last week despite a huge impairment. The Shenzhen-based company reported an operating profit of RMB 39.12bn ($6bn) and net profit of RMB 27.22bn ($4.2bn), up 8.9% and 4.5%...
