Ping An Insurance (Group) Co Of China Ltd
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HSBC is expected to announce a near $23 billion annual profit, with cost-cutting and restructuring ahead of schedule as Europe's biggest bank seeks to consign its U.S. troubles to the past.
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HONG KONG, Feb 1- China has approved the sale of HSBC's remaining $7.5 billion stake in Ping An Insurance to a group controlled by Thailand's richest man, giving the green light to the country's biggest inbound M&A deal.
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HONG KONG, Feb 1- China has approved the sale of HSBC's remaining $7.5 billion stake in Ping An Insurance to a group controlled by Thailand's richest man, giving the green light to the country's biggest inbound M&A deal. Ping An announced the approval in a filing on the Shanghai stock exchange just hours before a deadline for a decision.
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*China brokers, insurers lead afternoon A-share climb. *China property weak on fears of more curbs. HONG KONG, Feb 1- China shares closed out their best week in 15 months, helped by an afternoon surge on Friday that also lifted the Hong Kong market from earlier losses rooted in news an official survey of manufacturing activity in China lagged expectations.
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Asian shares ended mostly lower on Thursday, paring initial gains as investors cashed in their chips following recent rallies with demand also capped by caution ahead of Chinese data on Friday.
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*China Life Insurance hit by Credit Suisse downgrade. HONG KONG, Jan 17- Mainland Chinese shares retreated further on Thursday from a 7-1/ 2- month high struck two days earlier, weighing on Hong Kong markets, with growth-sensitive counters leading the slide ahead of a slew of major Chinese economic data due on Friday.
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*China Life Insurance hit by Credit Suisse downgrade. HONG KONG, Jan 17- Onshore China shares retreated further from a 7-1/ 2- month high on Thursday, reversing early Hong Kong gains, with growth-sensitive counters leading the slide ahead of a slew of major Chinese economic data being released on Friday.
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When a high-profile, billion dollar deal for a stake in a Chinese insurer was inked in early December, officials at the country's biggest policy bank were asking one question seemly unrelated to the transaction: Who is Xiao Jianhua? Caixin reports.
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Japanese shares surged to multi-year highs on Tuesday on rising expectations that strong political pressure will prompt the Bank of Japan to deliver bold monetary easing measures. Meanwhile, other Asian stock markets struggled as gains were capped on earnings caution.
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SHANGHAI, Jan 15- Mainland shares extended their five-week rally to reach a fresh six-month high on Tuesday, with financials again leading the charge, as the large-cap CSI300 index rose 0.5 percent to consolidate its sharp gain on Monday.
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*China airlines lifted by Citi upgrade. HONG KONG, Jan 10- Hong Kong shares posted their best day in a week on Thursday, with Aluminum Corporation of China leading gains among growth-sensitive counters after data showing a far stronger than expected trade performance by China in December.
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China's insurance regulator said it is seeking more information from Ping An Insurance after conducting a preliminary review of HSBC's planned sale of its $9.4 billion stake in the insurer to Thailand's CP Group.
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*HSBC says sale of $9.4 bln Ping An stake on track. *HSBC agreed to sell Ping An stake in two tranches to Thai CP Group. SHANGHAI, Jan 10- China's insurance regulator is seeking more information from Ping An Insurance after reviewing HSBC's planned sale of its $9.4 billion stake in China's No.2 insurer to Thailand's CP Group.
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HONG KONG, Jan 10- Hong Kong shares could start weaker on Thursday after Chinese loan growth and money supply December data came in weaker than expected, and with monthly trade data expected later in the day. Elsewhere in Asia, Japan's Nikkei was up 0.6 percent, while South Korea's KOSPI was down 0.2 percent at 0042 GMT.
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HONG KONG, Jan 9- China's insurance regulator is expected to reject HSBC's sale of its $9.4 billion stake in Ping An Insurance to Thai conglomerate CP Group, media reports said on Wednesday. The failure of the deal would be a blow to HSBC and an embarrassment to the various parties involved in a corporate deal that was set to be Asia's second-largest last year.
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Asian shares ended mixed on Wednesday after rounds of profit taking from a sharp rally at the start of the new year subsided, while investors waited warily for corporate earnings season to kick off in full force.
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HONG KONG, Jan 9- Hong Kong shares bounced from their lowest in a week on Wednesday, resuming a start-of-the-year rally that had benchmark indexes headed towards multi-month highs, with Chinese banks stronger following a brokerage upgrade. Hong Kong turnover was the lowest so far this year.
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*Ping An bucks China insurers recovery in HK. HONG KONG, Jan 9- Hong Kong shares bounced from their lowest in a week on Wednesday, as Chinese banks helped kickstart the resumption of a start-of-the-year rally on a brokerage upgrade, sending benchmark indexes back towards multi-month highs.
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HONG KONG, Jan 9- Hong Kong shares could start lower on Wednesday, after Wall Street retreated from last week's rally and companies started to report results for the fourth quarter.
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HSBC's sale of its $9.4 billion stake in Ping An Insurance to Thailand's CP Group has been thrown into jeopardy after state-run China Development Bank (CDB) voiced concerns over funding for the deal, sources told Reuters.
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BEIJING/ HONG KONG, Jan 8- HSBC's sale of its $9.4 billion stake in Ping An Insurance to Thailand's CP Group has been thrown into jeopardy after state-run China Development Bank voiced concerns over funding for the deal, sources told Reuters.