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China Peace Announcement: There Is No A Share Refinancing Plan At Present

2011/1/7 10:16:00 53

Ping An A Share Financing Plan Of China


Re targeting the market

Financing rumors

,

China safe

On the evening of 6, it issued a Clarification Announcement.

A share market

A plan for refinancing.

Rumors are not based on facts and are not consistent with facts.


Under the influence of refinancing rumors, China Ping An shares suffered a heavy setback on the 6 day, and A shares fell more than 6% in early trading, closing at a price of 52.59 yuan, or 4.14%.

China Ping An announced that the company's operating conditions were all normal, the financial stability, and the solvency or capital adequacy ratio of the company and its subsidiaries fully comply with regulatory requirements, at a healthy level.

The company will make follow-up capital planning according to the needs of rapid development and market conditions.


The market has analyzed and predicted that the capital gap of China Ping An in the next three years will be 360-500 billion yuan.

In 2010, the China Daily reported that China could spend nearly 20 billion yuan on Ping An security, of which 6 billion yuan would be allocated to property insurance, and 2 billion 700 million yuan to deep development. Meanwhile, the solvency adequacy ratio of life insurance also dropped to 200%, and the current capital should be very tight.


Luo Yi, an analyst with China Merchants Securities, said the market is too scared about the expected response of Ping An's refinancing, and the actual impact is not as big as the market has shown.


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