The Latest Breaking News from Ping An

London-headquartered bank says profits beat forecasts as it prepares to split eastern and western operations

Meituan's Q4 success, Ping An's impact, US-China relations, and investor sentiment in Asian markets.

Minority shareholder Ken Lui leads campaign seeking to split bank’s Asian and western businesses

From its origins owning a small hospital 50 years ago, today Bangkok Dusit Medical Services (BDMS) has become the largest hospital network in Asia-Pacific.

Key Takeaways: OneConnect’s revenue increased 17% in the second quarter, while its loss narrowed by nearly a third The company promoted CEO Shen Chongfeng to the additional role of chairman, consolidating its leadership into a single executive By Warren Yang

The Chinese shareholder has accused HSBC executives of exaggerating the downfalls of separating off the Asian business

Noel Quinn says such a move would come with ‘material costs’ and ‘high risk of failure’

Key Takeaways: ZhongAn warned that it lost as much as 750 million yuan in the first half of 2022, reversing a year-ago profit, due to a drop in its investment income and foreign-exchange losses The digital insurer made its first-ever underwriting profit last year, but its profitability still depends heavily…

Key takeaways: •      Tencent reduced its stake in ZhongAn to about 8% from 10%, less than six months after Alibaba-affiliated Ant Group also cut its stake in the online insurer •      ZhongAn’s net profit more than doubled last year, as reliance on its parents for business has decreased