Accounting switch saps Ping An's investment yield

Chinese insurance giant Ping An's adoption of IFRS 9 accounting standards depressed investment income in 2018 and will inject more volatility into its portfolio returns going forward.

Pin An posted total investment income of 89.5 billion yuan ($13.3 billion) for 2018, down from 126.2 billion yuan the year prior. But almost all this year-on-year decrease was the result of the switch to IFRS 9. Under the previous accounting standard, IAS 39, the group's investment income would have been 126

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: