China´s Ping´an Insurance to debut in HK

cctv.com 03-03-2004 14:49

China's Ping'an Insurance Company, the country's second largest insurance firm has submitted its application for an initial public offering in Hong Kong. The share sale could raise up to 1.9 billion US dollars and is expected to be the largest one of its kind this year. The Ping'an Insurance group is the third Chinese insurance firm to list overseas. At the end of 2002, the total capital assets of the company reached 17.5 billion US dollars. The previous two firms that went public overseas were China People Property Insurance and China Life Insurance.

Editor:Zhang  Source:CCTV.com