Ping An Bank to Grant 6.50 Billion Yuan Credit to Ping An International Financial Leasing

MT Newswires Live

02/24

Ping An Bank (SHE:000001) agreed to grant Ping An International Financial Leasing an original and renewed interbank comprehensive credit line of 6.50 billion yuan, according to a Shenzhen Stock Exchange filing on Saturday.

The credit will have a term of one year, the Chinese lender said.

Ping An Bank and Ping An International Financial Leasing are both subsidiaries of Ping An Insurance (Group) (HKG:2318, SHA:601318).

Ping An Insurance's Hong Kong shares rose less than 3% and Shanghai stock rose 2% in recent trade.

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