Analysts at JPMorgan Chase & Co. initiated coverage on shares of Ping An Insurance (Group) Company of China (OTCMKTS:HKXCY) in a research report issued to clients and investors on Wednesday, The Fly reports. The firm set an “overweight” rating on the stock.
About Ping An Insurance (Group) Company of China
Hong Kong Exchanges and Clearing Limited, together with its subsidiaries, owns and operates stock exchanges and futures exchanges, and related clearing houses in Hong Kong. It operates in five segments: Cash, Equity and Financial Derivatives, Commodities, Clearing, and Platform and Infrastructure. The Cash segment covers various equity products traded on the cash market platforms, the Shanghai Stock Exchange, and the Shenzhen Stock Exchange; sale of market data relating to the products; and other related activities.
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