Chinese insurer PICC Group plans $2b Shanghai share offering

Chinese insurer PICC Group plans $2b Shanghai share offering

A man walks past an electronic board showing the benchmark Shanghai and Shenzhen stock indices, on a pedestrian overpass at the Pudong financial district in Shanghai, China, June 26, 2015. REUTERS/Aly Song

PICC Group, parent of the nation’s biggest non-life insurer, said it plans to sell shares in mainland China as it seeks fresh funds to expand, in a deal valued at about $2 billion.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter