Date
18 August 2017

Ping An eyes Yuebao-like fund products, paper says

Ping An Insurance (Group) Co. Ltd (02318.HK, 601318.CN) will tie up with fund companies to develop high-yield monetary fund products similar to Alibaba’s Yuebao, the Shanghai Securities News reported Monday, citing the company. Ping An Fu, the third-party online payment subsidiary of Ping An Insurance, on Jan. 25 won a fund sales and settlement license from the China Securities Regulatory Commission, paving the way for the launch of such fund products, the report said.

– Contact HKEJ at [email protected]

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