Ping An Insurance, China's second-largest life insurer, listed
its shares on the Shanghai Stock Exchange on March 1 with an
opening price of 50 yuan (US$6.25) per share.
The listing came after Chinese shares bounced back from the
heaviest losses in 10 years on Feb. 28, as the major index gained
3.94 percent to close at 2,881.07 points on Wednesday.
Chinese shares opened lower on Thursday. The benchmark Shanghai
Composite Index opened at 2,877.20 points, down by 3.87 points, or
0.13 percent.
(Xinhua News Agency March 1, 2007)