Date
20 October 2017

Ping An confident about meeting capital needs, paper says

Ping An Insurance (Group) Co. of China (02318.HK, 601318.CN) said its solvency margin ratio could increase 18.5 percentage points once it completes the sale of 26 billion yuan (US$4.27 billion) worth of A-share convertible bonds, China Securities Journal reported Friday, citing vice chairman Sun Jianyi. The company is confident about meeting its capital needs and those of its subsidiaries in the coming two to three years, Sun was quoted as saying.

– Contact HKEJ at [email protected]

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