Ping An Insurance

The insurer is said to have tapped Campbell Lutyens to offload the stakes

A gateway linking 500 banking, insurance, and healthcare services sits at the core of the plan

Its net earnings for 2025 is 134.8 billion yuan, below a median estimate of 136.8 billion yuan

Net income climbed to 132.9 billion yuan (S$24.2 billion), from 119.2 billion yuan a year earlier

The company has allocated about 13% of its insurance funds to the equity market

Chinese banks are suffering under record low margins and slow profit growth

The company is selling the bonds, which are denominated in Hong Kong dollars, through a so-called Regulation S offering

The group’s number of new customers rises 9.8% from a year earlier to 32.07 million

The bourse plans to include more Thai and Hong Kong depository receipts by mid-2025