Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Stocks / IPOs
 Search News  Or
PICC Group eyes US$6 bln via dual listing

May. 16, 2012 (China Knowledge) - PICC Group or the People's Insurance Co (Group) of China is expected to raise between US$4 billion and US$6 billion through a dual listing in Shanghai and Hong Kong this year, sources reported.

The insurer has invited investment banks to bid for underwriting the dual listing, according to sources familiar with the matter.

PICC Group, the parent company of PICC Property & Casualty Co<2328>, is expected to launch the largest IPO in Asia this year.

In the first half of 2011, the group's total revenue reached RMB 159.62 billion, of which RMB 137.94 billion was insurance premium income, reflecting a growth of 10.9% year on year.

At the end of June last year, the group's total assets had grown 47.7% year on year to RMB 500 billion.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved