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Ping An cuts stock holdings as it adopts IFRS 9

Jolie Ho
China's second-largest lifer showed a higher degree of fluctuation in its income statement and remains the only Chinese insurer to have adopted the new accounting standard.
Ping An cuts stock holdings as it adopts IFRS 9

Ping An on Wednesday became the first Chinese insurer to report interim results under new international accounting standards, revealing a greater degree of fluctuation in its numbers and a drop in its stock holdings.

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