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New China Life Insurance (01336): Mao Sixue has been appointed as a non-executive director of the eighth Board of Directors.
New China Life Insurance (01336) announced at this meeting, "Regarding the election of Ms. Mao Sixue as a non-executive member of the Eighth Board of Directors..."
Mainland Insurance Companies are under pressure, New China Life Insurance (02628) fell by 4.82%, it is reported that the mainland will lower the guaranteed interest rate for life insurance products in the next season.
Golden Watch | Mainland Insurance Companies are under pressure. As of the time of writing, New China Life Insurance (01336) has dropped 4.82%, China Life Insurance (02628) has fallen 4.67%, CHINA TAIPING (00966) has decreased by 4.34%, Ping An Insurance (02318) has declined by 4.21%, and China Pacific Insurance (02601) has decreased by 4.18%. According to media reports citing an industry insider, the upper limit for the preset interest rate of newly filed regular insurance products is expected to decrease from 2.5% to 2%; the upper limit for the preset interest rate of newly filed participating insurance products is expected to be adjusted down from 2% to 1.5%; the minimum guarantee for newly filed universal insurance products is under consideration.
Hong Kong stocks moving differently | Mainland Insurance Companies fell in the morning as news emerged that insurance companies will once again adjust the scheduled interest rates. Institutions state that the Industry's investment side in stocks and bonds
Mainland Insurance Companies fell in the morning, as of the time of writing, New China Life Insurance (01336) was down 4.95%, at HKD 21.1; China Life Insurance (02628) was down 3.94%, at HKD 13.16; China Pacific Insurance (02601) was down 3.74%, at HKD 21.9; The People's Insurance (01339) was down 1.63%, at HKD 3.61.
China Galaxy Securities: The impact of the interest rate shift continues, and the growth rate of the property insurance Business has slowed down.
The overall asset scale of the Insurance Industry continues to grow, with an increasing year-on-year growth rate of total assets and net assets.
Hong Kong stocks fluctuate | Mainland Insurance Companies broadly fell in early trading as long-term government bond yields hit a new low. Institutions state that the uncertainty in the Sector is based on pressure from the Assets.
Mainland Insurance Companies fell broadly in the morning session. As of the time of writing, New China Life Insurance (01336) fell by 5.08%, trading at HK$22.4; China Pacific Insurance (02601) fell by 4.76%, trading at HK$24; China Life Insurance (02628) fell by 4.5%, trading at HK$14.02; PICC P&C (02328) fell by 3.59%, trading at HK$11.82.
This year's biggest winner in the A-share market.
An increasingly obvious trend.