[Hotspot Tracking] The implementation of the medium- and long-term capital market entry plan is noteworthy, focusing on the incremental liquidity brought by insurance capital taking stakes.

Jinwu Financial News | Recently, six departments including the Central Financial Office, the Securities Regulatory Commission, and the Ministry of Finance jointly issued the "Implementation Plan for Promoting Long-term Funds to Enter the Market" (hereinafter referred to as the "Plan"), further clarifying the support of long-term funds for the Capital Markets. Compared to the "Guiding Opinions on Promoting Long-term Funds to Enter the Market" issued in September 2024, the newly issued "Plan" provides many rigid Indicators to urge enterprises such as Insurance and Fund companies to achieve "long money long investment" and promote substantial funds to enter the market, forming an increment. Among them, Wu Qing, the chairman of the Securities Regulatory Commission, stated at the press conference of the State Council Information Office that the "Plan" clearly outlines the future.

Jinwu Financial News02:59 ET

Market movements | Mainland Insurance Companies are rising across the board, New China Life Insurance is up over 6%! Starting this year, 30% of the newly added premiums each year will be used to invest in A-shares.

In terms of news, the Central Financial Office and six other departments jointly issued the "Implementation Plan for Promoting Medium and Long-Term Funds into the Market," which clearly enhances the proportion and stability of commercial insurance funds' investment in A-shares.

Zhitong Finance20:44 ET

Hong Kong stocks fluctuating | Mainland Insurance Companies declined in the afternoon, December life insurance premium growth rate diversified, the Industry had a good start but new policy sales momentum weakened.

Mainland Insurance Companies fell in the afternoon. As of the time of writing, New China Life Insurance (01336) decreased by 2.91%, trading at 23.35 HKD; China Pacific Insurance (02601) fell by 2.62%, trading at 22.3 HKD; China Life Insurance (02628) dropped by 2.43%, trading at 13.66 HKD; PICC P&C (02328) declined by 0.97%, trading at 12.22 HKD.

Zhitong FinanceJan 22 01:34 ET

Comments on the premium income of listed insurance companies by China Merchants in December 2024: Expected high growth in life insurance NBV, steady performance in property insurance.

Looking ahead to 2025, with the orderly advancement of the positive start and product transformation, the proportion of dividend types is expected to significantly increase, and the life insurance NBV is expected to continue to grow positively; the premium growth rate of property insurance is also expected to continue to recover. If the integration of report and action in the non-auto insurance sector is implemented later, it will also help improve the competitive landscape of the Industry.

Zhitong FinanceJan 22 00:38 ET

Eight leading insurance companies are expected to see premiums increase by over 5% in 2024, with Ping An continuing to hold the top position in the industry.

Several listed insurance companies have submitted their "report cards" for 2024. As of January 20, eight companies including Ping An, PICC, China Life, Taiping, and Xinhua...

wallstreetcnJan 21 20:50 ET

New China Life Insurance Expects Up to 195% Higher Attributable Net Profit for 2024

MT NewswiresJan 21 02:15 ET