New China Life Insurance's (SHSE:601336) Earnings Have Declined Over Five Years, Contributing to Shareholders 33% Loss
While not a mind-blowing move, it is good to see that the New China Life Insurance Company Ltd. (SHSE:601336) share price has gained 11% in the last three months. But over the last half decade,
Hong Kong stocks in motion: Insurance stocks rise collectively, and the profitability of insurance companies' interim reports is expected to improve. NBV is expected to maintain good growth.
According to the Zhixin Finance APP, insurance stocks have risen collectively. As of press time, AIA (01299) rose 4.04% to HK$54.1; China Life Insurance (02628) rose 3.7% to HK$11.2; China Taiping (00966) rose 3.42% to HK$8.46; New China Life Insurance (01336) rose 2.12% to HK$15. Open Source Securities pointed out that the year-on-year growth of 2024H1 performance is expected to be better than that of Q1, and NBV is expected to maintain a good growth rate. The bank stated that the liability end continued to be in a high prosperity, the central bank's stance of stabilizing long-term interest rates was favorable to the asset end, and the mid-year performance increased year on year.
Soochow Securities: PBOC's sale of bonds sets the tone for the bottom of long-term interest rates. The extent of interest rate rebound determines the height of life insurance repair.
Although the Damocles sword has not been lifted, the central bank's 'bond sales' has set the tone for the bottom of long-term interest rates. The strength of the interest rate rebound determines the height of the life insurance repair, with Taiping and Xinhua being the top recommendations.
Hong Kong stocks have changed | Mainland insurance companies rose across the board in early trading as institutions explore alternative investments under asset shortages and it is expected that NBV growth rate in the first half of the year will exceed exp
According to the Wisdom Financial app, mainland insurance companies rose across the board early on, with China Taiping Insurance (00966) up 6.14% to HKD 8.47, China Pacific Insurance (02601) up 5.19% to HKD 20.05, and Ping An Insurance (02318) up 4.52% to HKD 37.05, as of the time of publication. In recent news, the new energy automobile brand Zhiji has undergone a change of shareholders in the industry and added shareholders such as China Pacific Insurance. In the context of low interest rates and poor performance of the equity market, pressure on the asset side is a challenge for insurance companies.
New China Life Insurance (01336) will distribute a final dividend of HKD 0.93158444 per share on August 9th.
Zhī Tōng Cái Jīng APP news, New China Life Insurance (01336) announced that the company will distribute a final dividend of HKD 0.93158444 per share on August 9, 2024.
NCI: POLL RESULTS OF THE ANNUAL GENERAL MEETING OF 2023 AND DISTRIBUTION OF 2023 ANNUAL DIVIDEND
Hong Kong stock market change | Mainland insurance companies fell sharply in the afternoon, suppressing sector performance due to loss of interest rate spread risk. It is expected to achieve good profit growth in the first half of the year.
Mainland insurance companies saw their afternoon trading losses expand. As of press time, New China Life Insurance (01336) fell by 4.1% to HKD 14.96, China Life Insurance (02628) fell by 2.64% to HKD 11.08, PICC P&C (02328) fell by 2.22% to HKD 9.67, and China Pacific Insurance (02601) fell by 1.62% to HKD 19.44.
New China Life Insurance Issues 10 Billion Yuan of Capital Supplementary Bonds
New China Life Insurance (HKG:1336, SHA:601336) issued 10 billion yuan of capital supplementary bonds in the national inter-bond market, a Friday bourse filing said. The bonds will mature in 10 years
New China Life Insurance (01336) has completed the issuance of 10 billion yuan capital replenishment bonds.
New China Life Insurance (01336) announced that, with the approval of the China Banking and Insurance Regulatory Commission and the People’s Bank of China, New China Life Insurance...
Ping An Securities' insurance strategy for the midterm of 2024: the liability side has stabilized, and the asset side is ready to take off.
Zhī tōng cǎi jīng APP learned that Ping An Securities released a research report stating that the valuation and hold positions of the insurance industry are still at the bottom, and the beta properties along with the risk mitigation of real estate investment will help the sector to repair its valuation bottom, bullish on the long-term allocation value of the industry. On the liability side, the NBV of life insurance in 24Q1 generally increased significantly, with strong demand for household savings and the decline of the insurance industry's competing product yield. The demand for savings insurance will continue to release, and the NBV growth pressure is expected to ease in 24Q2, continuing the trend of liability side improvement in the full year of 2024. Property insurance has obvious Matthew effect and structural optimization, and it is expected that premiums will steadily increase and COR will improve in 2024. On the asset side, it is expected that the ten
HK stocks soar | China Life Insurance (02628) rose nearly 4%, leading the mainland insurance companies. The guidelines for promoting the high-quality development of the insurance industry are expected to be introduced.
Mainland insurance companies rose collectively in the afternoon. As of press time, China Life Insurance (02628) rose 3.9% to HKD 11.2; Ping An Insurance (02318) rose 3.46% to HKD 37.35; China Pacific Insurance (02601) rose 2.71% to HKD 20.5; New China Life Insurance (01336) rose 2.29% to HKD 16.08.
New China Life Insurance Logs 79 Billion Yuan in January-May Gross Premiums
New China Life Insurance (HKG:1336, SHA:601336) registered a gross premium income of 78.6 billion yuan in the January to May period, according to a Friday filing with the Hong Kong Exchange. Shares cl
Individual Investors Account for 38% of New China Life Insurance Company Ltd.'s (SHSE:601336) Ownership, While Sovereign Wealth Funds Account for 31%
Key Insights New China Life Insurance's significant individual investors ownership suggests that the key decisions are influenced by shareholders from the larger public 50% of the business is held b
New China Life Insurance (01336.HK): Cumulative original premium income of RMB 78.57 billion from January to May.
On June 14th, Gelunhui reported that New China Life Insurance (01336.HK) accumulated original insurance premium income of RMB 78,569,580,000 during the period from January 1, 2024 to May 31, 2024. The company adheres to focusing on value growth, optimizing structure, and striving for high-quality development, driving value growth with long-term product maturity structure and team professionalization and performance optimization.
Express News | New China Life Insurance - Jan to May Accumulated Gross Premium Income RMB78,569.58 Mln
The Hong Kong Insurance Authority reported that the premium for new policies taken out by mainland visitors to Hong Kong in the first quarter was HKD 15.6 billion.
According to the report from Zhitong Finance APP, the Hong Kong Insurance Authority has announced the interim statistics for the insurance industry in the first quarter of 2024, with gross premiums of HKD 165.1 billion, an increase of 12.2% over the same period last year.
Are senior executives losing touch one after another? Xinhua Insurance has entered an eventful autumn
Another veteran of Xinhua Insurance is rumored to be out of touch. “Investor Network” Wang Jianfan Recently, Zhang Chi, the current general manager of Xinhua Asset, an asset management company under Xinhua Insurance, suddenly lost contact with the outside world. This isn't the first time that the company's top management has had trouble. In November 2022, Wan Feng, the former chairman of Xinhua Insurance and a well-known figure in the life insurance industry, suddenly lost his connection, causing shock in the industry. The Wan Feng incident has yet to subside, and his successor, Li Quan, who has just retired for less than half a year, is also out of touch. Frequent personnel changes and successive incidents of disconnection at the management level have cast a layer of uncertainty on the company's development. Wan Feng, who was born in 1958 after being imprisoned, is in Bao
Xinhua Insurance (01336): Qin Hongbo was recommended as a candidate for the chairman of Xinhua Asset Management Co., Ltd.
Xinhua Insurance (01336) issued an announcement. The company's board of directors agreed to recommend Qin Hongbo as Xinhua Asset Management Co., Ltd...
Changes in Hong Kong stocks | Domestic insurance stocks generally rose in early trading, and the growth rate of total life insurance premiums continues to improve, and banking insurance is expected to deepen cooperation
Domestic insurance stocks generally rose in early trading. As of press release, China Taibao (02601) rose 3.64% to HK$21.35; China Taiping (00966) rose 3.18% to HK$8.77; Xinhua Insurance (01336) rose 3.08% to HK$16.72; and Ping An of China (02318) rose 2.86% to HK$41.4.
Changes in Hong Kong stocks | Domestic insurance stocks are collectively declining, and the allocation value is still high following market adjustments due to dips
The Zhitong Finance App learned that domestic insurance stocks fell collectively. As of press release, China Taibao (02601) fell 3.93% to HK$20.8; China Life (02628) fell 2.72% to HK$11.44; and Xinhua Insurance (01336) fell 2.83% to HK$16.46. Donghai Securities believes that there has been a certain correction in the insurance sector recently, mainly related to market adjustments, but looking forward to the future, assets and liabilities will usher in multi-dimensional improvements. On the debt side, the continued decline in deposit interest rates is expected to further stimulate residents' demand for savings. The increase in production capacity by agents over the years of reform and transformation has achieved remarkable results, and at the same time, there are multiple channels
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