By 2007, China's Ping An Insurance Co ("Ping") grew up in the second largest life insurer in China. His goal was to become a universal provider of financial services by expanding in asset management and banking services. These three companies were grounds Ping "The three main components of the strategy." He has already made two acquisitions internal banking, but in asset management. In November 2007, Ping An acquired a 4.2% stake in Fortis, the Belgian-Dutch financial conglomerate, and planned to buy half of Fortis asset management business, which would be a big step towards achieving their goal. However, this ambitious expansion plan abroad was suppressed adverse effects of the problem the U.S. mortgage and financial crisis. The company must decide the important lessons to review their foreign investment strategies and learn how to manage the risk in the future. "Hide
by Andrew S. Lee, Gerald Yong Gao, Gay Hung Fung Source: University of Hong Kong, 24 pages. Publication Date: June 18, 2009. Prod. #: HKU843-PDF-ENG
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