Hong Kong stocks closed (03.20) | The Hang Seng Index fell by 2.23%, while some Autos stocks rose against the trend. Technology, Mainland Insurance Companies, and others faced significant pressure.

The Federal Reserve keeps interest rates unchanged, with expectations of two rate cuts this year. The three major Hong Kong stock indices collectively fell today, with the Hang Seng Index and the Chinese Enterprises Index dropping over 2%, and the Hang Seng Tech Index plummeting more than 3%.

Zhitong FinanceMar 20 04:33 ET

Hong Kong stocks movement | Mainland Insurance Companies dropped across the board, government bond Futures expanded their afternoon gains. Institutions claim that the subsequent performance of insurance companies on the liability side may show significant

Mainland Insurance Companies fell across the board. As of the time of writing, New China Life Insurance (01336) dropped by 6.91%, trading at 28.95 HKD; China Pacific Insurance (02601) decreased by 5.51%, trading at 24.85 HKD; China Life Insurance (02628) fell by 5.42%, trading at 16.06 HKD; The People's Insurance (01339) declined by 4.85%, trading at 4.32 HKD.

Zhitong FinanceMar 20 02:57 ET

March 20 Insurance Daily丨Insurance funds have "lifted the ban" on 5 Banks this year, the good start sees the reappearance of the "short to medium duration products" phenomenon, and eight insurance intermediaries are queuing for an IPO.

This year, insurance funds have "lifted the ban" on 5 banks. Besides the dividend yield, what other considerations exist? Since the beginning of this year, 5 banks have been targeted by insurance funds. Experts say that due to the premium status of bank AH Stocks, the dividend yield of state-owned large banks' H Shares is higher than that of the corresponding A Shares, and a higher dividend yield means more substantial returns. For insurance funds pursuing stable Cash / Money Market cash flow, this undoubtedly has enormous appeal. Moreover, from a long-term investment perspective, stable and considerable dividend income can provide insurance companies with continuous Inflow, better matching the compensation needs of the insurance Business and the fund utilization plans. (Daily Economic News)

市场资讯Mar 20 02:32 ET

[Brokerage Focus] CITIC SEC: The Insurance Sector currently shows characteristics of a slow bull market, suggesting a medium to long-term layout.

Jinwu Finance News | CITIC SEC states that the bank believes that Insurance stocks in China are beginning a slow bull market. The reasons include: 1) The supply side is significantly clearing out, and life insurance business, especially the Silver insurance business, is continuously concentrating on leading companies. 2) The demand side is oriented towards the Fixed Income market, and in a low-interest-rate environment, similar competitive products have lost their relative competitive advantage. Over the past three years, insurance companies have occupied the market through traditional insurance, and in the future, they will meet market demand through dividend insurance. 3) Listed leading insurance companies are adopting differentiated competition strategies, bravely leading the trend, and showcasing their respective capability advantages. 4) The government has clearly set the CPI target for 2025 at around 2%, but long-term expectations and estimates...

Jinwu Finance NewsMar 16 20:40 ET

New China Life Insurance Schedules Board Meeting to Discuss 2024 Results and Dividends

TipRanksMar 14 05:19 ET

New China Life Insurance (01336.HK) will hold a Board of Directors meeting on March 27 to approve the annual performance.

Globe News reported on March 14 that New China Life Insurance (01336.HK) announced that the Board of Directors will hold a meeting on March 27, 2025, to approve the release of the annual performance announcement for the company and its subsidiaries for the year ending December 31, 2024, as well as to consider the proposal for the distribution of a final dividend (if any).

Gelonghui FinanceMar 14 05:08 ET