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Top related persons:
Ping - 2 Anne Marie Roantree - 2 Kim Coghill - 2 Bobby Yip - 1 Lu Wenxi - 1 Tom Westbrook - 1 Edmund Klamann - 1 Tyrone Siu - 1
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China HONG KONG Hong Kong Singapore Shenzhen
Top related orgs:
Ping An Insurance - 2 REUTERS - 2 Ping An Insurance Group - 2 HK - 2 Thomson - 2 Ping - 1 Ping An - 1 China - 1

Search resuls for: "Lu Wenxi"


2 mentions found


☆ Ping An loses $2.1 billion in market value, China property rallies on Country Garden rescue report
  + stars: | 2023-11-08 | by ( ) www.reuters.com   time to read: +2 min
Company logo of Ping An Insurance Group is shown at a news conference following the company's announcement of its annual results in Hong Kong, China March 16, 2016. Ping An's Hong Kong-listed shares tumbled 5.4%, their sharpest daily fall in more than a year, wiping out almost $2.1 billion in market capitalisation. "Such a move should mitigate or control the risks in the market," said Lu Wenxi, analyst at property agency Centaline. "This move is a big boost to market confidence, because now the whole real estate market, especially some major real estate enterprises are under pretty big pressure, and their bankruptcy risks triggering a chain reaction." Reporting by Anne Marie Roantree in Hong Kong.
Persons: Bobby Yip, Ping, Lu Wenxi, Anne Marie Roantree, Tom Westbrook, Edmund Klamann, Kim Coghill Organizations: Ping An Insurance, REUTERS, Ping, Ping An Insurance Group, Reuters, HK, Ping An, China, Sunac China Holdings, Wanda, Thomson Locations: Hong Kong, China, HONG KONG, Singapore
☆ Reaction to Reuters report on potential Ping An rescue of Country Garden
  + stars: | 2023-11-08 | by ( ) www.reuters.com   time to read: +4 min
EUGENE LAW, DIRECTOR OF CHINA GALAXY INTERNATIONAL:"If the central government steps in to help Country Garden, it's for easing the debt crisis and preventing a spillover to financial institutions. But it will not help the China property market, which depends on factors, including employment and consumer confidence. Homebuyers would not rush to buy property just because Country Garden gets out of trouble. For the broader property market, the key is still home sales." Country Garden may have reached a tipping point where it will need more liquidity to fulfill such a policy goal.
Persons: Tyrone Siu, Ping, EUGENE LAW, Homebuyers, MICHAEL WONG, XU TIANCHEN, YAO, homebuyers, GARY NG, Clare Jim, Anne Marie Roantree, Edwina Gibbs, Kim Coghill Organizations: Ping An Insurance, REUTERS, Ping An Insurance Group, HK, Reuters, LU, OF CHINA GALAXY, Garden, Central Financial Work Conference, Thomson Locations: Shenzhen, China, HONG KONG
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