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China

Ping An's profits climbed 38% in 2015

Chinese financial services giant Ping An has reported a 38% rise in profits in 2015 to 54.2bn yuan (£5.88bn) compared with 39.3bn yuan in 2014.

Anbang offers $6.5bn for US hotel chain

Chinese insurance giant Anbang has offered around $6.5bn (£4.5bn) for Blackstone-owned Strategic Hotel Resorts which runs 16 luxury US-based hotels and resorts.

Fosun suspends shares in Hong Kong

Shares of all the listed entities at one of China's largest conglomerates Fosun were suspended today after concerns over the whereabouts of its chairman Guo Guangchang.

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