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4-Traders Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  Ping An Insurance (Grp) Co of China Ltd    601318   CNE000001R84

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Ping An Insurance of China : Becomes HSBC's Strategic Shareholder

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12/07/2017 | 01:54am CET
   By Joanne Chiu 

Ping An Insurance (Group) Co.'s (>> Ping An Insurance (Grp) Co of China Ltd) first-time disclosure that it holds a 5.01% stake in global banking giant HSBC Holdings Plc. (>> HSBC Holdings plc) highlights the Chinese insurer's attempt to boost its financial investments to improve returns.

The Hong Kong and Shanghai-listed insurer has cumulatively bought 1.02 billion shares of HSBC through the southbound Stock Connect program, which allows mainland Chinese companies to buy Hong Kong shares, making it one of HSBC's significant investors, Ping An said in a statement late Wednesday.

Ping An last week unveiled that it had boosted its stake in China's top lender Industrial & Commercial Bank of China to 8% from 7.9%, for around HK$483 million (US$61.8 million). The latest disclosure also marks a reversal of Ping An's historical relationship with the U.K. bank, which in 2012 sold its 15.6% stake in the Chinese insurer to a conglomerate controlled by Thailand's tycoon Dhanin Chearavanont for US$9.39 billion.

Ping An said that investing in HSBC is a financial investment given the bank's strong business performance and good dividend. "This complements the assets and liabilities matching principles of Ping An Asset Management's insurance funds," it said.

Write to Joanne Chiu at [email protected]

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Financials ( CNY)
Sales 2017 676 B
EBIT 2017 113 B
Net income 2017 74 523 M
Debt 2017 -
Yield 2017 1,39%
P/E ratio 2017 17,49
P/E ratio 2018 14,48
Capi. / Sales 2017 1,88x
Capi. / Sales 2018 1,57x
Capitalization 1 270 B
Duration : Period :
Ping An Insurance (Grp) Co Technical Analysis Chart | 601318 | CNE000001R84 | 4-Traders
Technical analysis trends PING AN INSURANCE (GRP) CO
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 73,6  CNY
Spread / Average Target 2,9%
EPS Revisions
Ming Zhe Ma Chairman & Chief Executive Officer
Li Ji Gu Chairman-Supervisory Board
Sin Ying Tan Chief Operating & Information Officer, Deputy GM
Bo Yao CFO, Executive Director & Deputy General Manager
Jian Yi Sun Vice Chairman & Deputy General Manager
Sector and Competitors