BRIEF: PICC shares sink on reports of executive’s detention
Shares of insurer PICC Property and Casualty Co. Ltd. (2328.HK) fell on Wednesday, after media reported its vice president Yu Ze was missing, and was like being investigated for corruption.…
ZhongAn Moves Further Out of Parental Shadow as Tencent Cuts Stake
Two of the digital insurer’s three big-name parents have trimmed their stakes recently, highlighting the need for company to grow independently Key takeaways: • Tencent reduced its stake in ZhongAn…
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