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