Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
Ping An Overseas, Reassessing US Investment Exposure, Says Now May Be Good Time to Invest in CN
Recommend 12 Positive 17 Negative 12 |
||||
|
||||
|
In wake of market turmoil stirred up by the Iran war, Ping An Overseas Holdings is reconsidering its investment exposure to the US, the company's chairman Tong Kai stated. The key issue is whether and to what extent to continue investing in the US, as the country is becoming increasingly unreliable and no longer truly rule-based. He revealed that the company is building an overseas investment portfolio of approximately USD60 billion, part of which will be invested in US assets. At the moment, the company is considering whether to slightly pare back some investments. He added that China is likely to benefit as funds move out of the US, due to the stability of the Chinese market and signs of economic bottoming out, which may provide good investment opportunities for investors. He believed now may be an optimal time for investors to seriously consider investing in China. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
