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Hong Kong stock market anomaly | Mainland insurance companies rose in early trading, maintaining the growth momentum of listed insurance companies premiums in the first 10 months. The attention to the 25-year 'great start' has increased.
Mainland insurance companies rose in the morning session, as of the time of publication, new china life insurance (01336) rose by 4.56%, trading at 25.2 Hong Kong dollars; china life insurance (02628) rose by 3.52%, trading at 15.9 Hong Kong dollars; china pacific insurance (02601) rose by 4.41%, trading at 26.05 Hong Kong dollars; china taiping (00966) rose by 3.4%, trading at 12.76 Hong Kong dollars.
Support insurance companies to increase the maximum insurable age and enhance the mobile app's aging-friendly upgrade. The new financial aging-friendly regulations have arrived.
1. The current supply of the third pillar financial products for retirement in China is still limited, with issues such as some retirement savings unable to be locked for retirement purposes, limited supply of retirement financial products, and the need to strengthen the diversity and accessibility of retirement insurance. 2. The guidelines propose increasing the research and development efforts of elderly financial products, supporting insurance companies to raise the upper age limit for insurance, and emphasizing the insurance protection needs of individuals aged 70 and above.
Hong Kong stocks fluctuate | Mainland insurance companies collectively rise, with higher net profits of listed insurance companies in the first three quarters, and the sector's valuation center is expected to move up.
Mainland insurance companies collectively rose. As of the time of publication, Ping An Insurance (02318) rose by 4.11% to HK$50.65; New China Life Insurance (01336) rose by 3.69% to HK$28.1; China Life Insurance (02628) rose by 3.66% to HK$17.
Citi: Recommends 'buy' rating for China Taiping, Q3 net assets slightly increased quarterly.
Citi released a research report stating a "buy" rating for China Taiping (00966). The company disclosed the third-quarter solvency report of its Mainland subsidiary, with both net profit and net assets reported according to the new accounting standards. Taiping P&C and Taiping Life Insurance turned profitable in the third quarter, with profits reaching 0.197 billion yuan and 36 million yuan respectively, an improvement from the third quarter of 2023. The bank pointed out that the book value of the company's retirement, reinsurance, domestic property insurance, and life insurance businesses each increased by 2%, 2%, 1%, and 1% respectively in the third quarter. However, by the end of the third quarter, the core solvency of the life insurance business decreased quarterly.
Citigroup: China Taiping (00966) rated as 'buy', Q3 net assets rose slightly quarter-on-quarter.
China Taiping announced the third quarter debt repayment ability report of its mainland subsidiaries, with both net profit and assets reported according to the new accounting standards.
CHINA TAIPING: UNAUDITED FINANCIAL FIGURES AND SOLVENCY STATEMENT OF SUBSIDIARIES FOR THE THIRD QUARTER OF 2024
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威廉在狮城 : Tailing will rise to 20