Ping An Denies Regulator Halted Sales of Alternative Investments
This article is for subscribers only.
Ping An Insurance (Group) Co. denied that it has been ordered by regulators to halt sales of property-related alternative investments in response to a Reuters report that sent shares tumbling.
The group and its asset management arm don’t sell any property-related alternative investments, while such investments at its trust unit were not halted, Ping An said in an emailed statement to Bloomberg on Tuesday.