Comments 
Print 
Mail 
Large Medium SmallPeople's Insurance Company (Group) of China (PICC), one of the country's largest insurance groups, will float shares in Shanghai at an appropriate time, the company said in a statement on Thursday.
"With the recovery of China's economy, the A-share market will be back to a growth track again, and we will seek an appropriate opportunity to launch an IPO in Shanghai," said Wu Yan, chairman of PICC Group.
PICC Group went public in Hong Kong on Dec 7 to raise about HK$24 billion ($3.09 billion), the biggest IPO in the city last year. The shares rose 6.9 percent to HK$3.72 on the first trading day.
On Monday, PICC Group was included in the Heng Seng Index.
Watermelons now come with scannable data
Rubber Duck falls into Victoria Harbor
Car wreck over car parts quality claim
Gales, hailstorms batter villages in SW China
Ram with artificial heart sets survival record
The future of wearable computers
Anniversary quake drill jolts students
15,000 tour memorial hall on quake anniversaryCopyright 1995 - 2010 . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
