February 28 Insurance Daily丨Enhancing the quality and efficiency of green financial services, two departments released a plan! Catastrophe Insurance continuously receives policy briefings, and the investment enthusiasm of insurance funds is rising.

To enhance the quality and efficiency of green financial services, two departments released a plan as part of the financial "five major articles". Green finance is ushering in a high-quality development implementation plan. On February 27, regarding the effective completion of the financial "five major articles", the National Financial Regulatory Administration and the People's Bank of China jointly issued the "Implementation Plan for High-Quality Development of Green Finance in Banks and Insurance Industries", outlining the green finance development goals for the next five years, including strengthening financial support in key areas and improving the green financial service system among the key tasks. By the end of 2024, 21 major banks' green Crediting balance will reach 32.78 trillion yuan, a year-on-year increase of 20.61%.

Market NewsFeb 28 00:22 ET

Agricultural Bank Of China (01288.HK) received a Shareholding increase of 37.463 million shares from Ping An Insurance.

According to the latest equity disclosure information from the Hong Kong Stock Exchange on February 28, 2025, Agricultural Bank Of China (01288.HK) was increased by Ping An Insurance Company Limited on the market at an average price of HKD 4.6287 per share, acquiring 37.463 million shares, involving approximately HKD 0.173 billion. After the shareholding increase, Ping An Insurance Company Limited's latest number of shares held is 1,851,602,000 shares, and the shareholding ratio has risen from 5.90% to 6.02%.

Gelonghui FinanceFeb 27 18:45 ET

PLEI's ABC Boardgame Backpack Hits $100K on Kickstarter - The Ultimate Bag for Board Game Enthusiasts!

PR NewswireFeb 27 08:39 ET

February 27 Insurance Daily | The threshold for Hong Kong and Macau Financial Institutions to invest in mainland Insurance companies is further lowered, with Insurance funds continuously purchasing with a strong preference for Banks stocks.

The threshold for Hong Kong and Macau Financial Institutions to invest in mainland Insurance companies has been further lowered. Recently, the Financial Regulatory Administration issued a notice regarding the investment of Hong Kong and Macau Financial Institutions in Insurance companies. The main content of the notice is that, starting from March 1, 2025, Hong Kong and Macau Financial Institutions will no longer be subject to the requirement of 'total assets not less than two billion US dollars at the end of the most recent year' for investing in domestic Insurance companies. The Financial Regulatory Administration stated that the notice is an important measure to orderly expand financial opening-up, which is beneficial for mainland Insurance companies to attract quality investments from Hong Kong and Macau Financial Institutions, further enhancing their capital strength and optimizing their equity structure.

Market NewsFeb 26 23:39 ET

China Mulls Injecting at Least 400 Billion Yuan Into Major Banks, Bloomberg Reports, Citing Sources

Dow JonesFeb 26 02:57 ET

Express News | Authorities Are Looking to Inject 400 Bln Yuan of Capital Into Agricultural Bank of China and Bank of Communications - Bloomberg News

ReutersFeb 26 02:34 ET