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PICC P&C (02328.HK) held a Board of Directors meeting on March 27 to approve the release of the annual performance.
On March 17, Gelonghui reported that PICC P&C (02328.HK) announced that the Board of Directors will hold a meeting on Thursday, March 27, 2025, to approve the release of the company's annual performance announcement for the year ended December 31, 2024, and to consider the distribution of the final dividend (if any).
PICC P&C: DATE OF BOARD MEETING
Hong Kong stocks are fluctuating | Mainland Insurance Companies are rising again. Since the beginning of this year, insurance capital has accelerated its entry into the market. Institutions indicate that the current wave of insurance company stake acquisi
Mainland Insurance Companies rose again, as of the time of writing, AIA (01299) was up 4.08%, trading at 63.75 HK dollars; PICC P&C (02328) was up 3.25%, trading at 25.45 HK dollars; Ping An Insurance (02318) was up 2.44%, trading at 50.35 HK dollars.
[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...
PICC P&C (02328.HK) received a Shareholding increase of 4.842 million shares from The Capital Group.
According to the latest disclosure of interests from the Exchange on February 27, 2023, PICC P&C (02328.HK) was increased by The Capital Group Companies, Inc. on the market with an average price of HKD 13.2589 per share for 4.842 million shares, involving approximately HKD 64.2 million. After the shareholding, The Capital Group Companies, Inc.'s latest shareholding number is 346,263,076 shares, and the shareholding ratio increased from 4.95% to 5.02%.
Major measures for financial opening! Lowering the access threshold for Financial Institutions from Hong Kong and Macao to the mainland. How will capital from Hong Kong and Macao ignite the mainland Insurance market?
① On one hand, it will help accelerate overseas Financial Institutions' investment in China's Insurance market, partially alleviating the current capital tightness in the Insurance Industry; ② On the other hand, it will also be beneficial in introducing products and experiences from mature Insurance markets; ③ Some experts believe that if a capital investment of billions of dollars comes in, it could leverage a large-scale premium.
