Market Chatter: Ping An Insurance's Asset Management Unit Keeps Focus on Traditional Assets
MT Newswires Live
Sep 10
Ping An Insurance's (SHA:601318, HKG:2318) asset management unit is yet to invest in cryptocurrency, opting instead to focus on traditional assets due to a bullish outlook on Hong Kong's stock market, The Standard reported Tuesday, citing an executive.
Ping An of China Asset Management chief investment officer Albert Wang Xinyi reportedly said his firm is evaluating cryptocurrency in terms of market, regulation, and application, but has yet to make an investment.
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