Does Ping An own HSBC?
Ping An said last week its holding is a “long-term financial investments.” The Shenzhen-based company, which has owned a major stake in HSBC since late 2017, has seen the value of those shares tumble by at least US$8.6 billion (S$11.8 billion) over the past three years, according to data compiled by Bloomberg.
Who is the biggest shareholder of HSBC?
Top 10 Owners of HSBC Holdings PLC
| Stockholder | Stake | Total change |
|---|---|---|
| Citadel Advisors LLC | 0.06% | +127.48% |
| Goldman Sachs Asset Management LP | 0.05% | +1.40% |
| Northern Trust Investments, Inc.(… | 0.04% | -35.18% |
| Citigroup Global Markets, Inc. (I… | 0.04% | -15.67% |
Is Ping An Insurance an SOE?
Ping An Insurance consistently ranks as the world’s top global insurance brand, and as of 2020, was the most valuable global financial brand in the world….Ping An Insurance.
| The Ping An Finance Center in Futian District, Shenzhen | |
|---|---|
| Type | Public |
| Traded as | SSE: 601318 (A share) SEHK: 2318 (H share) |
| Industry | Financial Services |
| Founded | 1988 |
Why is Ping An dropping?
Ping An’s shares trading in China have slumped 40% this year, weighed down by investor concerns about property investments and the performance of its backbone life business. The company is turning to technology to bolster the productivity of its shrinking sales force at a time when demand for policies is weakening.
Is HSBC Chinese or British?
HSBC Holdings plc is a British multinational investment bank and financial services holding company.
Why is Ping An Insurance dropping?
Ping An’s insurance business and investment returns have been hit by weakness in China’s economy, which posted its slowest growth in a year in the third quarter as power shortages and property sector worries took a toll. …
Does Ping An Insurance own Ping An Bank?
As a subsidiary of Ping An Insurance, the bank is one of the three main pillars of Ping An Group: insurance, banking and asset management….Ping An Bank.
| Ping An Group logo (left) and Ping An Bank logo (right) | |
|---|---|
| Type | Public |
| Owner | Ping An Insurance (55.67%) China Securities Finance (2.99%) other shareholders (41.34%) |
Is Ping An exposed to evergrande?
Ping An has also shared that its real estate exposure is only 4.8% of its insurance investment portfolio, translating to about RMB 186 billion out of its RMB 3.8 trillion investment portfolio. Furthermore, Ping An has disclosed that it is not holding any Evergrande’s equity or debt.