Home China Headline Ping An shares expected to shine in trading debut

Ping An shares expected to shine in trading debut

Ping An Insurance (Group) Co shares are expected to rise as much as 63 percent on its Shanghai trading debut today due to its status as China's first publicly traded financial holding company. Shares of Ping An are likely to reach 55 yuan (US$7.10) on the Shanghai Stock Exchange, said She Minhua, a China Securities Co analyst. The country's second biggest insurer after China Life Insurance, set an offer price at 33.8 yuan each, the upper limit in its offer price range. "Ping An is benefiting from its broad investment structure with business in insurance, banking and assets management," She said in a report. Trackback(0) TrackBack URI for this entry Comments (0) Subscribe to this comment's feed Show/Hide comments Write comment Show/Hide comment form Name Email Website Title Comment Write the displayed characters Add Comment Copyright 2007. All Rights Reserved.

 

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