Ping An eyes opportunities as more Hongkongers retire to the Greater Bay Area

Quick Summary:

China’s largest insurer sees opportunities serving Hongkongers who are living in the mainland cities of the Greater Bay Area – a group that has grown 11 per cent in the last five years.

It has since become a financial conglomerate with insurance, banking, fintech and healthcare businesses.

The insurer reported its best half-yearly performance in four years on Thursday.Net profit rose by 6.8 per cent to 74.62 billion yuan (US$10.5 billion) in the six months to June 30.

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong KongChinaMacau

Topics: Greater Ping Insurance Mainland According People Services Kong Area Cent Hong

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-26 @ 07:30:16 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 662 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22251682

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