Comment on the rumors that Ping An Insurance could acquire a majority stake in Country Garden

Brian Tycangco 鄭彥渊

#IMPORTANT $Ping An Insurance (Group) Company of China Ltd.(PNGAY)$ $Global X MSCI China Real Estate ETF(CHIR)$ $Country Garden Holdings Co., Ltd.(CTRYY)$ $COUNTRY GARDEN(02007)$

Reuters just reported that Beijing has asked Ping An Insurance to take a controlling stake in Country Garden.

#CN_Note Ping An Insurance has 5.31% common shares of Country Garden now, according to the latest data.

#China #CountryGarden #Property #Realestate

Image

My comment:

Rumors of Beijing instructing Ping An to take a controlling stake in Country Garden are making the rounds in Hong Kong. Ping An denied the rumor. Over the years, Ping An had reduced its stake in the firm from 2.2 billion shares to 1.4 bn as of August 2023.

If proven true, the significant bailout of the troubled developer would help restore confidence in the Chinese property sector.

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Comments

MaxChua
2023-11-08
MaxChua
it will not restore confidence in China, it will make matters worst, investors will rush for the exit because good companies are forced to absorb zombie companies n no investors would want that... if it's true, it's a crazy move by the Chinese govt.... then the term uninvestible in China might be true after all
Rollyxuxu
2023-11-08
Rollyxuxu
Ping An sacrificed to save them. As a shareholders it breaks my heart

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Ping An denied the rumor. Over the years, Ping An had reduced its stake in the firm from 2.2 billion shares to 1.4 bn as of August 2023.</p><p><strong>If proven true, the significant bailout of the troubled developer would help restore confidence in the Chinese property sector.</strong> </p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3817d3495bb1196c7e36378df2c64ffc\" tg-width=\"560\" tg-height=\"240\"></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7fcc20ed4f8147f51ecce7c5c22bce36\" tg-width=\"560\" tg-height=\"240\"></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7e1a38f21b0930cfa5d0db6fe14b20f6\" tg-width=\"560\" tg-height=\"240\"></p><p></p></body></html>","htmlText":"<html><head></head><body><p>#IMPORTANT  <a data-mention-id=\"PNGAY\" class=\"teditor-mention\" data-mention-name=\"Ping An Insurance (Group) Company of China Ltd.\" href=\"https://ttm.financial/S/PNGAY\">$Ping An Insurance (Group) Company of China Ltd.(PNGAY)$</a>  <a data-mention-id=\"CHIR\" class=\"teditor-mention\" data-mention-name=\"Global X MSCI China Real Estate ETF\" href=\"https://ttm.financial/S/CHIR\">$Global X MSCI China Real Estate ETF(CHIR)$</a>  <a data-mention-id=\"CTRYY\" class=\"teditor-mention\" data-mention-name=\"Country Garden Holdings Co., Ltd.\" href=\"https://ttm.financial/S/CTRYY\">$Country Garden Holdings Co., Ltd.(CTRYY)$</a>  <a data-mention-id=\"02007\" class=\"teditor-mention\" data-mention-name=\"COUNTRY GARDEN\" href=\"https://ttm.financial/S/02007\">$COUNTRY GARDEN(02007)$</a> </p><p>Reuters just reported that Beijing has asked Ping An Insurance to take a controlling stake in Country Garden. </p><p>#CN_Note Ping An Insurance has 5.31% common shares of Country Garden now, according to the latest data. </p><p>#China #CountryGarden #Property #Realestate</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/0fb200f0128b1917100c0160771fb5d9\" tg-width=\"810\" tg-height=\"900\"><span>Image</span></p><p>My comment:</p><p>Rumors of Beijing instructing Ping An to take a controlling stake in Country Garden are making the rounds in Hong Kong. Ping An denied the rumor. Over the years, Ping An had reduced its stake in the firm from 2.2 billion shares to 1.4 bn as of August 2023.</p><p><strong>If proven true, the significant bailout of the troubled developer would help restore confidence in the Chinese property sector.</strong> </p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3817d3495bb1196c7e36378df2c64ffc\" tg-width=\"560\" tg-height=\"240\"></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7fcc20ed4f8147f51ecce7c5c22bce36\" tg-width=\"560\" tg-height=\"240\"></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7e1a38f21b0930cfa5d0db6fe14b20f6\" tg-width=\"560\" tg-height=\"240\"></p><p></p></body></html>","text":"#IMPORTANT $Ping An Insurance (Group) Company of China Ltd.(PNGAY)$ $Global X MSCI China Real Estate ETF(CHIR)$ $Country Garden Holdings Co., Ltd.(CTRYY)$ $COUNTRY GARDEN(02007)$ Reuters just reported that Beijing has asked Ping An Insurance to take a controlling stake in Country Garden. #CN_Note Ping An Insurance has 5.31% common shares of Country Garden now, according to the latest data. #China #CountryGarden #Property #Realestate Image My comment: Rumors of Beijing instructing Ping An to take a controlling stake in Country Garden are making the rounds in Hong Kong. Ping An denied the rumor. Over the years, Ping An had reduced its stake in the firm from 2.2 billion shares to 1.4 bn as of August 2023. If proven true, the significant bailout of the troubled developer would help restore confidence in the Chinese property sector.","highlighted":1,"essential":2,"paper":2,"likeSize":65,"commentSize":2,"repostSize":12,"favoriteSize":0,"link":"https://ttm.financial/post/239164069675024","repostId":0,"isVote":1,"tweetType":1,"viewCount":2268,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["CHIR","PNGAY","CTRYY","02007","02318"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":707,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":106564883,"commentId":"106564883","gmtCreate":1699429956710,"gmtModify":1699430595718,"authorId":4093050850756480,"author":{"id":4093050850756480,"idStr":"4093050850756480","authorId":4093050850756480,"name":"MaxChua","avatar":"https://community-static.tradeup.com/news/f61000455dd48391a0104f98f3b75686","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.09.20","exceedPercentage":"93.42%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":239164069675024,"objectIdStr":"239164069675024","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"it will not restore confidence in China, it will make matters worst, investors will rush for the exit because good companies are forced to absorb zombie companies n no investors would want that... if it's true, it's a crazy move by the Chinese govt.... then the term uninvestible in China might be true after all","text":"it will not restore confidence in China, it will make matters worst, investors will rush for the exit because good companies are forced to absorb zombie companies n no investors would want that... if it's true, it's a crazy move by the Chinese govt.... then the term uninvestible in China might be true after all","html":"it will not restore confidence in China, it will make matters worst, investors will rush for the exit because good companies are forced to absorb zombie companies n no investors would want that... if it's true, it's a crazy move by the Chinese govt.... then the term uninvestible in China might be true after all","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":106564877,"commentId":"106564877","gmtCreate":1699428868077,"gmtModify":1699428881005,"authorId":3580207873824156,"author":{"id":3580207873824156,"idStr":"3580207873824156","authorId":3580207873824156,"name":"Rollyxuxu","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":239164069675024,"objectIdStr":"239164069675024","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Ping An sacrificed to save them. As a shareholders it breaks my <u>heart</u>","text":"Ping An sacrificed to save them. As a shareholders it breaks my <u>heart</u>","html":"Ping An sacrificed to save them. As a shareholders it breaks my <u>heart</u>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/239164069675024"}