The Latest Breaking News from Ping An

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

HSBC suffered another serious blow to its reputation today when it was whacked with one of the heaviest fines ever handed out by the City regulator.

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

HSBC Holdings Plc has begun an internal review in the face of pressure from its largest shareholder to discuss splitting off the bank's Asian operations.