Market Chatter: Ping An Insurance Aims to Restore Demand Among Senior Citizens

MT Newswires Live01-08

Ping An Insurance (HKG:2318, SHA:601318) is looking to restore demand among senior citizens through physical and online service channels, Nikkei Asia reported Thursday.

The insurer opened the Shenzhen Beiyi Rehabilitation Hospital to help achieve the company's "health and senior care" strategy, the report said, citing co-CEO Michael Guo.

The hospital's capacity is expected at 100,000 patients annually, according to the news outlet.

Ping An has already partnered with about 37,000 hospitals for health care and other services. It also operates eight hospitals and has recently expanded into nursing care, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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