A-Shares Companies Invest 600 Billion Yuan in Property Market

Banks and insurance companies are the invisible big shots in the Chinese property market, with Ping An Insurance (601318) leading the way with 33 billion yuan in property investments.
Wind data show that at the end of Q2, there are 1305 A-share listed companies investing in real estate, the total reached 595.1 billion yuan. Among them, 12 companies have invested more than 10 billion yuan, the highest is not a property firm, but China Ping An.
More than one company far afield from real estate has sold or plans to sell property valued at many times their annual income.

Caijing: A股上市公司投5951亿元炒楼 银行保险成隐形房产大佬

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