Ping An

Ping An’s US$90 bil slump grounds one-time China high flyer - THE EDGE SINGAPORE

Banking & finance

Ping An’s US$90 bil slump grounds one-time China high flyer

Ping An's share price decline takes it price earnings ratio to 6 following investments in China's indebted property stocks
CapitaLand divests partial stakes in six Raffles City developments in China in $9.6 bil deal - THE EDGE SINGAPORE

Deals, joint ventures & alliances

CapitaLand divests partial stakes in six Raffles City developments in China in $9.6 bil deal

The transaction is expected to generate net proceeds of more than $2 bil for CapitaLand.

Startups, Entrepreneurs, Digital economy

Ping An-backed Lufax to ditch P2P lending amid regulatory woes: sources

(July 18): Lufax, one of China’s largest online wealth management platforms that is backed by financial giant Ping An Insurance, plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reut

OKH Global signs cooperation agreement with Ping An logistics unit to develop warehousing services in China

SINGAPORE (Feb 1): OKH Global has entered into a strategic cooperation agreement with Ping An Industrial and Logistics to develop and manage a network of high quality logistics and warehousing facilities in China.

M&A

Reuters says GLP to get bids from at least 3 prospective buyers next week

HONG KONG/SINGAPORE (June 23): A Chinese consortium and two private equity firms are likely to submit bids next week to buy Singapore-listed warehouse operator Global Logistics Properties (GLP), people with direct knowledge of the matter said on Friday.

OCBC could stand to gain in contest for Hong Kong Life Insurance

SINGAPORE (March 6): A battle is brewing between Yue Xiu Group and a consortium including China UCF Group to acquire Hong Kong Life Insurance, one of the last remaining independent insurance companies left in the former British colony.
JP Morgan

Citi and JPMorgan top list of globally systemic banks

LONDON (Nov 22): Citi has joined JPMorgan at the top of global regulators' list of systemically important banks, replacing HSBC and meaning the US bank will have to hold extra capital from 2019 to help preserve financial stability.
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