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Chinese insurer Ping An eyes Hong Kong ETFs as Beijing greenlights cross-border investment

Chinese insurer Ping An eyes Hong Kong ETFs as Beijing greenlights cross-border investment
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Ping An Insurance (Group), China’s largest insurer in terms of market capitalisation, is eyeing investments in Hong Kong-listed exchange-traded funds (ETFs) to boost returns following Beijing’s green light for cross-border allocations, according to senior executives. “Allowing mainland insurance funds to invest in Hong Kong listed ETFs is set to tighten the ties between Hong Kong and the mainland capital market,” said Richard Sheng, secretary of the company’s board, after a press conference...

Ping An Insurance (Group), China’s largest insurer in terms of market capitalisation, is eyeing investments in Hong Kong-listed exchange-traded funds (ETFs) to boost returns following Beijing’s green light for cross-border allocations, according to senior executives. “Allowing mainland insurance funds to invest in Hong Kong listed ETFs is set to tighten the ties between Hong Kong and the mainland capital market,” said Richard Sheng, secretary of the company’s board, after a press conference on...
Chinese (ORG) Ping An (PERSON) Hong Kong (LOCATION) Beijing (LOCATION) Ping An Insurance (Group (ORG) China (LOCATION) Richard Sheng (PERSON)
Originally published by South China Morning Post Read original →