Ping An backs real assets and property despite China jitters

Ping An - China’s biggest insurance group and also the world’s largest with assets worth US$1.25 trillion – has said it will continue to build its property portfolio despite China’s ongoing funding crisis in the real estate sector. At the announcement of its interim results for 2022 on August 24 (Wednesday), the company said it had not booked any further write-downs on its property portfolio in the first half.   This follows significant impairments last year related to troubled …