News China03 Nov 2023

Ping An's 3Q performance deemed resilient, real estate arm may need rescue by group

| 03 Nov 2023

Ping An Insurance Group, China's biggest insurance group by capitalisation, remained resilient in 3Q2023, amid the economic challenges in China, achieving an annualised operating ROE of 16.7% with an operating profit of CNY112.48bn ($15.4bn), notes CreditSights which is a unit of the Fitch Group.

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