Ping An Property and Casualty Insurance Company of China Ltd, a subsidiary of the Ping An Insurance Group, said Friday it is to make its biggest payout since its foundation in 2002.
Ping An Insurance (Group) of China Ltd, the world's second-biggest life insurer by market value, will keep stock investments at around 10 percent of its portfolio in the second half, despite possible market fluctuations ahead, its group president said yesterday.
Ping An Insurance (Group), the nation's second-largest insurer, is increasing its stake in Shenzhen Development Bank to nearly 30 percent from the under 5 percent it holds now through a 22 billion yuan deal.
China Ping An Insurance (Group), the nation's second largest insurer, said late Friday that it planned to buy stake worth up to a combined 22 billion yuan (3.2 billion U.S. dollars) in Shenzhen Development Bank.