StageIPO | IPO
Date of IPO1/3/1980
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Latest Pingan Securities News
Nov 22, 2018
Brokerage will select promising and valuable private companies to invest in by means of equity and debt investment and further expand funding channels By Asia Times staffNovember 23, 2018 6:49 AM (UTC+8) Ping An Securities, a brokerage affiliated with the Ping An Insurance, said on Thursday it is planning to set up a 20 billion yuan (US$2.89 billion) asset management plan and promote the issuance of special debts, in order to bail out private enterprises, Yicai.com reported. The asset management plan will be established with its own funds, along with external and social funds from banks and insurance companies. Ping An will select promising and valuable private companies to invest in by means of equity and debt investment. The company also said that it will cooperate with local governments or state-owned enterprises (SOEs) to underwrite special debts, aiming to resolve local governments’ lack of funds and further expand the funding channels for private enterprises with the liquidity issue. So far, more than 11 securities companies have announced they will set up such asset management plans to help private companies. China Galaxy Securities plans to established funds totalling 60 billion yuan for SOEs and financial institutions. The private enterprise bailout fund initiated by the Western Securities also reached 10 billion yuan.
Pingan Securities Frequently Asked Questions (FAQ)
When was Pingan Securities founded?
Pingan Securities was founded in 1989.
What is Pingan Securities's latest funding round?
Pingan Securities's latest funding round is IPO.
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