Ping An H shares in China tumbled 5% in Tuesday

Ping An (02318-HK) continued to lower in the morning after a sharp sell-off yesterday, with a 54.250 yuan drop of 2.900 yuan and a 5.074% decline.　　As for Ping An H shares yesterday's fall, the Royal Securities Senior research analyst said that Ping an Hong Kong stock market was affected by the decline, due to the overall weakening of Hong Kong stocks yesterday, the decline of more than 200 points, so the relevant stocks are not spared. But yesterday also analysis said, foreign media bad news may be a crackdown on Ping an H-shares important reason. The Financial Times quoted sources as saying that the new bridge's plan to sell the deep development stake through cash to Ping An has been increasingly opposed and more likely to accept a swap.　　But the new bridge is likely to switch to earnings through the sale of Ping An H shares, thus increasing the selling expectations of Ping an H-shares. But Ping an, general manager Cheung pointed out that even if the new bridge directed the issuance of H-shares, the proportion of total equity in Ping An is also very low, plus ping An shares are already relatively dispersed, so will not have any impact on their H-share transactions.