Ping An Investment Real Estate is mainly based on financial investment, focusing on long-term and value, mainly investing in long-term rental apartments.
Ping An Group is working with local governments to research projects in which 100 billion yuan of insurance funds enter long-term rental apartments and talent-protected housing.
The general manager of Ping An Group, Ren Huichuan, said at the interim results conference yesterday that the proportion of real estate investment in Ping An Insurance was only 7.2%, far below the 30% limit set by the China Insurance Regulatory Commission. Ping An Investment Real Estate is mainly based on financial investment, focusing on long-term and value, mainly investing in long-term rental apartments. (Securities Times)
Ren Huichuan said that he is still working with local governments to research 100 billion yuan of insurance funds into long-term rental apartments and talent-protected housing projects. Ren Huichuan reiterated that Ping An will not be a barbarian at the door of a real estate company and will not participate in their management.
This is not the only layout action of Ping An Group in the near future. Earlier, on the morning of July 26, China Jinmao issued a heavy news, introducing Ping An as its second largest shareholder. After the completion of the placement and subscription, it will hold a 15.2% stake. According to media reports, in the next 2-3 years, Ping An will increase the business volume of real estate in the entire group to 10%, but currently it is only 1.8% and the market value is about 200 billion. (Cloud Real Estate)