HK stock market anomaly | Mainland insurance companies rose at the end of the day. Ping An Insurance (02318) is now up more than 3%. Leading companies may explore overseas asset allocation and business expansion.
Mainland insurance companies rose in late trading. As of the time of this report, New China Life Insurance (01336) is up 4.66%, priced at 23.6 Hong Kong dollars; China Taiping (00966) is up 4.07%, priced at 12.26 Hong Kong dollars; China Life Insurance (02628) is up 4.06%, priced at 14.86 Hong Kong dollars; Ping An Insurance (02318) is up 3.49%, priced at 46 Hong Kong dollars.
November 27 Insurance Daily丨Li Yunze highlights the development of the insurance industry! The insurance industry is in fierce competition for a "good start" in 2025; will dividend insurance be able to return to the center stage?
Nine insurance institutions participated. Li Yunze emphasized that "the insurance industry must deeply grasp the rare historical opportunity". Recently, Li Yunze, the secretary of the party committee and director of the Financial Regulatory Bureau, presided over a symposium on the high-quality development of the insurance industry, listening to relevant opinions and suggestions. Members of the Bureau's party committee, Vice Director Xiao Yuanqi and Cong Lin, also attended the symposium. It is worth mentioning that Li Yunze has recently voiced multiple times around the theme of high-quality development in the insurance industry, reflecting a high level of attention to the insurance industry. On November 21st, at the seventh member congress of the China Insurance Industry Association, Li Yunze emphasized the establishment of a big insurance perspective, highlighting the importance of building a safety net for the economy, a social security net, and a disaster prevention net, and made it clear.
Under the wave of separating production and sales, exploring the future path of the insurance intermediary industry in china.
Where to go for insurance sales channels in the digital age?
3 listed insurance companies flex their muscles! The China Life, New China Life, and Ping An collectively distribute a mid-term dividend of 17.252 billion yuan, with the highest dividend yield reaching 15.2%.
① Ping An Insurance distributed cash dividends of 9.914 billion yuan, accounting for 13.29% of the mid-term attributable net income; ② New China Life Insurance distributed cash dividends of 1.685 billion yuan, accounting for 15.2% of the mid-term attributable net income; ③ New China Life Insurance distributed cash dividends of 5.653 billion yuan, accounting for 14.77% of the mid-term attributable net income.
Hong Kong stocks are on the move | The decline of mainland insurance companies has widened as October's life insurance premium growth slows down. The market is paying attention to the liability side performance during the New Year opening phase.
Mainland insurance companies saw their decline expand, as of the time of publication, new china life insurance (01336) fell by 7.24%, closing at 23.05 Hong Kong dollars; china life insurance (02628) fell by 6.68%, closing at 14.52 Hong Kong dollars; china pacific insurance (02601) fell by 4.09%, closing at 24.6 Hong Kong dollars; the people's insurance (01339) fell by 3.89%, closing at 3.71 Hong Kong dollars.
New China Life Insurance (601336.SH) 2024 half-year equity distribution: a distribution of 0.54 yuan per share on November 28 for equity registration.
new china life insurance (601336.SH) announced the semi-annual equity distribution notice for 2024, with profit distribution based on the plan...
new china life insurance (01336) will distribute a cash dividend of 0.54 yuan per share for the 2024 interim A shares on November 29.
New China Life Insurance (01336) issued an announcement stating that it will distribute the 2024 semi-annual A-shares on November 29, 2024...
November 21 Insurance Daily丨The top five listed insurance companies achieved premium income of 2.52 trillion yuan in the first ten months! Insurance agents are fighting for a "good start".
The premium income of the top five listed insurance companies reached 2.52 trillion yuan in the first ten months! Product switching combined with a 'good start' preparation, life insurance premium growth slowed down starting from October 1st, and the maximum guaranteed rate for dividend insurance was lowered from 2.5% to 2.0%. With the landing of rate reductions for traditional insurance and dividend insurance, the pulse-like growth of life insurance premiums has come to a temporary halt. The latest premium data for January-October 2024 shows that China Life Insurance, Ping An Life Insurance, Taikang Life Insurance, New China Life Insurance, and PICC Life Insurance achieved a total premium income of approximately 1.55 trillion yuan, with a year-on-year growth of 5.5%, further slowing down from the premium growth rate in January-September.
Open Source Securities: In October, the growth rate of insurance company premiums fell, focusing on the 25-year anniversary preparations and product switch progress.
Currently, the market is concerned about the performance of the liability end in the early stages of 2025. From the perspective of NBV growth prospects, the impact of price may be greater than quantity. The convergence of individual and bancassurance, optimization of product structure, and further support for the improvement of value rates through the convergence of the scheduled interest rate.
New China Life Insurance Company Ltd.'s (SHSE:601336) Last Week's 10% Decline Must Have Disappointed Individual Investors Who Have a Significant Stake
New China Life Insurance Books 1.8% Higher Premium Income for January-October
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.
Stocks are hitting the ceiling! Since October, 10 A-share listed companies have announced being targeted, with china national medicines corporation and sh pharma being targeted on the same day by new china life insurance.
① According to incomplete statistics, since October, 10 A-share listed companies including zhejiang east crystal electronic, semiconductor manufacturing international corporation, quanjinhao, lifecome biochemistry, zhejiang jingu, primeton information technologies, inc., guangzhou goaland energy conservation tech, xuzhou handler special vehicle, china national medicines corporation, and sh pharma have announced that they have received major stock purchases from relevant parties (see attached table). ② In the secondary market, this week, xuzhou handler special vehicle and guangzhou goaland energy conservation tech have both seen their stock prices increase by more than 100% since September.
Express News | New China Life Insurance Says Jan-Oct Accumulated Gross Premium Income up 1.8% Y/Y
New China Life Insurance: The premium income for the first 10 months was 155.632 billion yuan, a year-on-year increase of 1.8%.
On November 15, Glonghui reported that new china life insurance (601336.SH) announced that from January 1, 2024, to October 31, 2024, the cumulative original insurance premium income was 155.632 billion yuan, a year-on-year increase of 1.8%. At the same time, the company's product structure, business structure, and business quality continue to optimize, and the company's sustainable development capacity continues to enhance.
guolian: How has the investment strategy of insurance companies evolved?
The current insurance industry has established an investment strategy that primarily focuses on fixed income assets, supplemented by equities and other assets. In the first half of 2024, the insurance industry has allocated 9.3% to bank deposits, 47.5% to bonds, and 12.7% to stocks and securities investments.
November 15 Insurance Daily | The Financial Regulatory Authority further enhances the level of financial services for the elderly! The trend of insurance funds picking up stakes resurfaces, with changes in the "bulk buying" logic!
The China Banking and Insurance Regulatory Commission has introduced 22 measures to further improve the level of financial services for retirees. The China Banking and Insurance Regulatory Commission recently issued the "Guiding Opinions on Further Improving the Level of Financial Services for the Elderly", putting forward comprehensive and systematic requirements for the financial industry to enhance the level of services for retirees, promote the development of the pensions industry, and effectively enhance the financial service level for the elderly. Experts believe that improving the level of financial services for retirees is an inevitable requirement to practice financial inclusiveness and actively integrate into the construction of an elderly-friendly society. The "Guiding Opinions" provide policy support and institutional guarantees for improving the level of financial services for retirees, optimizing traditional services.
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.
[Brokerage Focus] Goldman Sachs maintains a 'neutral' rating on New China Life Insurance (01336), expecting asset liability management improvement.
Jingu Finance News | Goldman Sachs's research report points out that in the first half of 2024, the allocation ratio of equities and equity funds in the investment assets of New China Life Insurance (01336) is 15%, at the high end of its strategic asset allocation range. Despite the potential pressure from the new fund yield and the expiration of existing high-yield assets on the net investment yield, the company has increased the allocation of assets recorded at fair value under other comprehensive income, and gradually reduced the proportion of amortized cost assets. The bank believes that the liability term of New China Life Insurance is about 14 years, while the investment asset term is about 8 years, and the company has taken measures to avoid further widening of the term gap. Outlook for sales
Hong Kong stocks are moving | New China Life Insurance has taken a stake in ah stocks, sh pharma (02607) rises over 4%.
sh pharma (02607) rose more than 4%, as of the deadline, rose by 2.01%, at 13.2 Hong Kong dollars, with a turnover of 16.3978 million Hong Kong dollars.
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