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Thread: Ping’an Shares rebound
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[quote=MARRIE,274546]Euro and US investment banks are turning to Asian funds to modify their poor financial positions from bad mortgage lending. Lots of investment funds are being killed in this sub-prime crisis. It’s a good time for Ping An to be in now. Source says that Ping An will allocate 12% of its assets for acquisition abroad, Some of them on this agenda are 5% of stake purchase of HSBC PLC (now UK owned) and Shares of Prudential PLC (UK owned). It’s also said that China investment fund will invest US$5 billion in Morgan Stanley. Those mirror recent hot topic on china won’t rely on exports by taking advantage of cheap labor but will develop another economic pillar – international financial investment.[/quote]
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