Jessica Tan Sin-yin, Ping An’s co-CEO. Only about 5.5 per cent of the firm’s insurance investment portfolio has real estate exposure, she says. Photo: Jonathan Wong
Jessica Tan Sin-yin, Ping An’s co-CEO. Only about 5.5 per cent of the firm’s insurance investment portfolio has real estate exposure, she says. Photo: Jonathan Wong
Insurance

Chinese insurer Ping An to continue investing in real estate after having learned its lesson with US$6.8 billion China Fortune Land debacle, co-CEO says

  • Ping An will be more cautious in future investments, co-CEO Jessica Tan says
  • China’s largest insurer by market capitalisation reports a worse-than-expected 29 per cent decline in net profit for 2021

Jessica Tan Sin-yin, Ping An’s co-CEO. Only about 5.5 per cent of the firm’s insurance investment portfolio has real estate exposure, she says. Photo: Jonathan Wong
Jessica Tan Sin-yin, Ping An’s co-CEO. Only about 5.5 per cent of the firm’s insurance investment portfolio has real estate exposure, she says. Photo: Jonathan Wong
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