|Day's range||48.70 - 50.40|
|52-week range||32.50 - 50.40|
|PE ratio (TTM)||12.89|
|Dividend & yield||0.06 (1.00%)|
|1y target est||57.14|
HONG KONG and SHANGHAI, May 25, 2017 /PRNewswire/ -- On May 25, Forbes released the 2017 Global 2000. Ping An ranks 5th among shortlisted companies in Mainland China, and is the top-ranked among Chinese insurers. Forbes Magazine compiles the "Forbes Global 2000" rankings annually.
Chinese shares traded in Hong Kong soared as much as 1.8% on Thursday. Earlier in the week Moody’s Investors Service downgraded China’s sovereign debt rating citing concerns over slowing growth and a mountain of debt in the world’s second-biggest economy. Moody’s followed up that demotion with a similar one for Hong Kong, pointing to the city’s increasing economic links with the mainland.
SSE: 601318) designated the 27th of May, the group's founding day, as the first "Ping An Charity Day". The Group will also be promulgating the "June 1st Charity-in-Action", calling upon 1.5 million Ping An staff to take part in a series of poverty-alleviation programs, and actively participate in all charity events organized by the group and its subsidiaries, which covers such businesses as property and casualty insurance, life insurance, banking, trusts, and Puhui Financial. On the same day, Dr. Peter Ma, Chairman and CEO of Ping An, visited the first Ping An Hope Primary School in Lu'an, Anhui Province, where the group first started its "Teaching Volunteers Program", to show support for this worthy cause.