Ping An Insurance Group is rumoured to be in discussions with Huaxia Life to acquire a stake in the Beijing-based company. Photo: Reuters Ping An Insurance Group is rumoured to be in discussions with Huaxia Life to acquire a stake in the Beijing-based company. Photo: Reuters
Ping An Insurance Group is rumoured to be in discussions with Huaxia Life to acquire a stake in the Beijing-based company. Photo: Reuters

Insurance

Business /  Banking & Finance

Huaxia Life is in talks for a sale to Ping An, as Chinese regulators pick apart the financial empire of missing tycoon Xiao Jianhua

  • The discussions have been continuing for many months, but no progress has been made because of price issues, sources said
  • Huaxia’s earlier sale of a 25 per cent stake to Shenzhen-listed Zhongtian Financial Group in 2017 is yet to be completed

Topic |   Insurance
Enoch Yiu
Enoch Yiu

Updated: 10:59pm, 21 Aug, 2019

Why you can trust SCMP
Ping An Insurance Group is rumoured to be in discussions with Huaxia Life to acquire a stake in the Beijing-based company. Photo: Reuters Ping An Insurance Group is rumoured to be in discussions with Huaxia Life to acquire a stake in the Beijing-based company. Photo: Reuters
Ping An Insurance Group is rumoured to be in discussions with Huaxia Life to acquire a stake in the Beijing-based company. Photo: Reuters
READ FULL ARTICLE