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Turmoil caused by major refinancing plans of listed companies in the mainland stock market leads regulators to vow stricter approval processes On March 5,shareholders of Ping An Insurance(Group)Co.of China Ltd. (Ping An)passed a refinancing plan of 120 billion yuan(＄17 billion)at its first interim meeting of the year with an overwhelming 92 percent in favor.
Turmoil caused by major refinancing plans of listed companies in the mainland stock market leads regulators to vow stricter approval processes On March 5, shareholders of Ping An Insurance (Group) Co.of China Ltd. (Ping An) passed a refinancing plan of 120 billion yuan ($ 17 billion) at its first interim meeting of the year with an overhelming 92 percent in favor.