Insurance capital takes 13.93% stake in Beijing-Shanghai railway line

Banking, Finance and Insurance

Saturday, August 30, 2008 05:58:27

	Insurance capital takes 13.93% stake in Beijing-Shanghai railway line By STAFF EDITOR Published: January 02, 2008 12:00 PM An insurance consortium headed by Ping An Insurance has paid US$2.19 billion (RMB16 billion) for a 13.93% stake in Beijing-Shanghai High-Speed Railway Co Ltd, a company building a high-speed railway line connecting Shanghai and Beijing, the China Securities Journal reported. The consortium, which includes Italy's Generali and five large Chinese firms, will be the company’s second largest ... You are currently reading 60 words of 183 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: China Securities Journal , investment , insurance , railway , Beijing , life insurance , Ping An	More Articles in Banking, Finance and Insurance > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Chinese credit card users brand unawares: Report ICBC survey shows investment caution Changsha Bank sells 20% stake to French counterpart New China Life’s Shanghai premiums up 184.4% in 1H Shandong farmers pay RMB182m for farm insurance in 1H Liaoning garment maker takes 8.8% of life insurer The China Perspective for May 18

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