By 2007, China's Ping An Insurance Co. ("Ping An") had grown into the second-biggest life insurance company in China. Its aim was to become a worldwide financial services supplier by growing into banking and asset management. These three businesses were the foundation of Ping An's "three-pillar strategy".
In November 2007, Ping A got a 4.2% position in Fortis, the Belgo-Dutch financial conglomerate, and planned to buy half of Fortis's asset management business, which would be a big step towards reaching its goal. Yet this ambitious international expansion plan was crushed by the adverse effects of the international financial crisis and the US subprime difficulty. The business needs to address significant lessons, re-evaluate its overseas investment strategy and learn how to execute risk management in the future.
Ping An's Overseas Expansion Financial Uncertainties and Risk Management case study solution
PUBLICATION DATE: June 18, 2009 PRODUCT #: HKU843-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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