Ping An Uses Artificial Intelligence to Drive New ESG Investment Strategies
Access to data from alternative sources can uncover hidden risks and opportunities
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HONG KONG and SHANGHAI, Jan. 14, 2021 /PRNewswire/ The Ping An Digital Economic Research Center (PADERC), a member of Ping An Insurance (Group) Company of China, Ltd. (HKEx:2318; SSE:601318), has created four new investment strategies for environmental, social and corporate governance (ESG) investing using Ping An s proprietary CN-ESG data for China A-shares, in light of surging demand in China for ESG ratings and data with wider coverage and a better fit for China s market.
Market Views: How should instos approach investment insourcing?
The growing appetite among asset owners to bring portfolio management in-house is understandable, but the talent pool is already tight in Asia – and getting tighter.
The number of asset owners looking to insource investment management and reduce their use of external fund houses by building in-house teams is rising in Asia, as it is globally.
Australian superannuation funds, such as AustralianSuper, have been moving aggressively in this direction in recent years, and the trend has become more prominent generally in the persistently low-yield environment.
For pension funds, sovereign wealth funds, insurance firms and other institutions, improving internal investment capabilities holds the prospect of major benefits: reducing costs, increasing control over assets and therefore risk, and developing a stronger pipeline of investment opportunities through partners.
The growing appetite among asset owners to bring portfolio management in-house is understandable, but the talent pool is already tight in Asia – and getting tighter.
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HONG KONG and SHANGHAI, Dec. 31, 2020 /PRNewswire/ Ping An Insurance (Group) Company of China, Ltd. (hereafter Ping An or the Group , HKEX: 02318; SSE: 601318) leads the world with 1,074 patent applications in the Top 100 Global Digital Health Patents for 2018-2020 , jointly issued by the China Digital Technology Development Working Committee (CDTC) and 01 Caijing magazine. Ping An is followed by Netherlands-headquartered Philips (1,021 applications) and Johnson & Johnson of the US (535 applications).
From 2018-2020, Ping An s 1,074 digital health patent applications were mainly focused on scenarios of smart diagnosis and treatment assistants, patient record management, medical image processing, medicine management and smart hospital management.
Synopsis
IL&FS owns 49% in the asset through a Singapore subsidiary ITNL International Pvt Ltd (IIPL) while Chongqing Expressway Group held the balance 51%.
Agencies
PingAn emerged highest bidder and bid $281 million for 100% stake in CYEC.
Mumbai: Troubled infrastructure financier Infrastructure Leasing and Financial Services will sell its Chinese road asset for nearly Rs 2074 crore to PingAn Insurance (Group) Company of China, two people familiar with the development said. This sale will help resolve debt worth Rs 2500 crore.
The group has also received approval from Supreme Court Justice (Retd) D K Jain to sell its Chinese JV Road Asset - Chongqing Yuhe Expressway Co Ltd (CYEC) - to PingAn. PingAn Group is amongst the largest financial services companies in the world.