日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

ZhongAn makes stunning debut

By Zhou Mo in Beijing and Evelyn Yu in Hong Kong | China Daily | Updated: 2017-09-29 08:09
Share
Share - WeChat

ZhongAn Online Property and Casualty Insurance Co Ltd Chairman Ou Yaping (left) and Chief Executive Officer Chen Jin attend the debut of the company at the Hong Kong Exchanges. [Photo/Agencies]

ZhongAn Online Property and Casualty Insurance Co Ltd saw its share price surge 15.6 percent to open at HK$69($8.83) on its first day of trading.

The mainland's first internet-only insurer captured the imagination of investors who have high expectations of the emerging "new economy" sector.

ZhongAn went public on the Hong Kong Stock Exchange's main board on Thursday after 199 million shares were offered at HK$59.7 per share.

"ZhongAn is a young company and still has a long way to go," said Chen Jin, CEO of ZhongAn. "The listing means a new starting point for the company."

The firm is 13.8 percent owned by Jack Ma's Ant Financial, an affiliate of Alibaba Group Holding Ltd, 10.4 percent by Tencent Holdings Ltd, whose CEO is Pony Ma, and 10 percent by Ping An Insurance Group Co, whose chairman is Ma Mingzhe.

SoftBank Group Corp, a cornerstone investor, holds almost 5 percent.

"Today, technology and internet are changing the world in a profound way," Chen said. "As the first fintech (or financial technology) company to list in Hong Kong, ZhongAn will give more confidence to other players in this ecology."

Li Xiaojia, CEO of Hong Kong Exchanges and Clearing Ltd, was excited to see the company listed in Hong Kong.

But he stressed the city should make efforts to improve its market structure to entice more firms from the "new economy" sector.

Still, Linus Yip Sheungchi, chief strategist of First Shanghai Securities, was not surprised that ZhongAn made such an outstanding debut.

Technically, the firm does not fit squarely into the "new economy" sector.

"But the market is willing to give it a high valuation as an internet company due to the celebrity effect brought by the lineup of star-studded shareholders such as Pony Ma and Jack Ma," he said.

"ZhongAn's stock price is very high now," Yip added. "Whether the price can be supported really depends on future earnings of the company and how it can make a difference through the synergy of its star shareholders to outperform traditional insurers."

Founded in 2013, the Shanghai-based company has sold 7.2 billion insurance policies by the end of last year.

On Thursday, ZhongAn shares jumped 9.21 percent to close at HK$65.2.

Bloomberg contributed to this story.

Contact the writers at [email protected]

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 亚洲午夜成激人情在线影院 | 不卡一二区 | 亚洲三级在线 | 亚洲欧美日韩精品久久 | 色综合色狠狠天天久久婷婷基地 | 牛和人交videos欧美冫3d | 成人福利视频网站 | 特黄aaaaaa久久片 | 99久久精品免费看国产一区二区 | 婷婷久久综合 | 欧美成人一级 | 久久国产精品精品国产 | 国产欧美一区二区 | 欧美日韩一区二区三区高清不卡 | 日本福利一区二区 | 欧美第四页 | 国产成人自拍视频在线观看 | 国内精品免费一区二区观看 | 凤囚凰 电视剧 | 久草在线免费新视频 | 先锋资源久久 | 羞羞视频网站在线看 | 能直接看av的网站 | 一本一道久久综合狠狠老 | 日韩一区二区免费视频 | 色综合久久88色综合天天 | 国产伦理久久精品久久久久 | 亚洲欧美精品中字久久99 | 欧美操穴 | 高清性做爰免费无遮挡网站 | 久久免费在线视频 | 亚洲 日本 欧美 | 国产成人久久精品二区三区牛 | 久久99深爱久久99精品 | 欧美日韩综合视频 | 综合二区 | 日本免费一区二区三区视频 | 日本加勒比视频在线观看 | 国产二区三区 | 久久这里只有精品99 | 日韩激情视频在线 |