Company logo of Ping An Insurance Group is shown at a news conference following the company's announcement of its annual results in Hong KongHONG KONG - China property stocks rallied and Ping An Insurance Group shares slumped to a one-year low on Wednesday after Reuters reported Chinese authorities had asked the firm to take a controlling stake in troubled developer Country Garden.
A spokesperson for Ping An said the company had not been approached by the government and denied the information reported by Reuters, which cited four sources familiar with the plan. "Such a move should mitigate or control the risks in the market," said Lu Wenxi, analyst at property agency Centaline. Elsewhere, a Wanda Properties dollar bond maturing early in 2024 was up more than half a cent at 50.75 to the dollar.
‘The goose lays more golden eggs every year’: Warren Buffett explains why capitalism isn’t working for young people today — and the simple way he’d solve it
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
مصدر: SaltWire Network - 🏆 45. / 63 اقرأ أكثر »