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China Merchants Securities: Overall improvement in life insurance in July, and stability in property insurance growth.
In July, life insurance premiums of various companies continued to increase, while property insurance was slightly differentiated due to the base.
Adjustments are imminent! Many agency platforms are facing a wave of delisting for dozens of old products with a reserved interest rate of 3% on insurance products.
Ant Insurance, Huize and other insurance agency platforms have released reminders that nearly 30 insurance products with a 3% reservation rate will be taken off the shelves at the end of this month. Industry insiders have analyzed that after the reservation rate is lowered, the yield of savings-type products will decrease by approximately 14%, while premiums for guarantee-type insurance such as critical illness insurance are expected to increase by 20%.
Are insurance funds copying everyone's "bottom"?
Acquiring shares in H-shares (listed in Hong Kong).
China Taiping Sets Key Financial Results Meeting
China Taiping (00966.HK) plans to hold a board of directors meeting on August 27th to approve its mid-term performance.
China Taiping (00966.HK) announced on August 13th that the board of directors will hold a board meeting on Tuesday, August 27, 2024 to review and approve the interim performance of the company and its subsidiaries for the six months ending June 30, 2024, and to address any other matters.
CHINA TAIPING: DATE OF BOARD MEETING
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