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Carlyle Group announced that it is planning to trade the remaining H-shares, which are valued at around $790 million, it holds in China Pacific Insurance (Group) Company Limited.
China Pacific Insurance jumped to a 17-month high after Credit Suisse included the stock among its 2013 top picks.
uk Global Banking News - 29 November 2012 Credit Suisse (NYSE: CS), said that it was expecting Carlyle Group to sell its stake in China Pacific Insurance (Group) Co Ltd.
TYO:8725) plans to reinforce its tie-up with China Pacific Insurance (Group) Co.
SHANGHAI: Shares in China Pacific Insurance (Group) Company (CPIC) closed up 61 per cent on their debut on the Shanghai Stock Exchange yesterday, slightly above the market's average expectation, buoyed by its position in the world's fastest growing major insurance market.
9 per cent stake in China Pacific Property Insurance to conclude in 2007, once a group company, China Pacific Insurance Group, finalises its share market listing plans.
INSURER COUNTRY Aetna United States AIA United States AlU United States Allianz Germany AXA France Chubb United States Colonial Australia John Hancock United States Manulife Canada Prudential Britain Royal & Sun Britain Sun Life Canada Tokyo Marine Japan Winterthur Switzerland INSURER LICENCE Aetna Life insurance joint venture in Shanghai with China Pacific Insurance.
Chan discussed the emergence of new insurance competitors, including Ping An, China Pacific Insurance Company and American International Assurance.