PODCAST: Ping An Trust Misses a Payment, and SAIC Sells Down Its India Venture
By Doug Young & Rene Vanguestaine
Ping An Trust has missed a $100 million payment on a wealth management product tied to Zhenro, a property developer. Does this show the woes afflicting China’s trust industry are creeping up the food chain to top-tier names like Ping An? And leading automaker SAIC has sold 51% of its India venture to local partners for $624 million. Is this purely a commercial move, or is it also motivated by concerns about recent China-India tensions?
Related Articles
RELATED ARTICLES
-
Bumper dividend could trigger buyout for Ping An Health
1833.HK -
SPONSORED: ARK Wealth outlines global asset allocation strategies at inaugural flagship summit
6686.HK NOAH.US
-
NEWS WRAP: Lianlian DigiTech’s revenue surges on payment network expansion
2598.HK
-
BRIEF: Ping An Healthcare controlling shareholder makes share offer, says no plans for privatization
1833.HK 2318.HK 601318.SHG
- Dalu chases rich valuation on high margins in weak real estate market
- An Apple Anti-Trust Probe, and Hong Kong’s Second SPAC Merger
