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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.
PICC P&C (02328): Ding Xiangqun serves as a non-executive Director and Chairman.
PICC P&C (02328) announced that the company recently received a notice from the National Financial Supervisory Administration regarding Ding Xiangqun, a Chinese national...
Express News | PICC Property and Casualty - Received Approval of Qualifications of Ding Xiangqun as Chairperson of Board
GTJA: It is expected that life insurance will shift to a strong performance in 2025 while property insurance will grow steadily.
The negative month-on-month premium growth in the life insurance sector for November does not change the annual growth expectations, health insurance is recovering while accident insurance remains under pressure; the recovery in new car sales is driving an improvement in auto insurance growth, while non-auto insurance continues to grow to achieve annual targets.
PICC P&C (02328.HK) signed a reinsurance framework agreement with PICC Hong Kong.
On December 27, GELONGHUI reported that PICC P&C (02328.HK) announced that the reinsurance business cooperation framework agreement signed with PICC Hong Kong will expire on December 31, 2024. On December 27, 2024, the company signed a reinsurance framework agreement with PICC Hong Kong to continue consolidating the existing business cooperation relationship between the company and PICC Hong Kong, promote the continued development of each other's businesses, and ensure that both parties' reinsurance business operates lawfully and compliantly under this agreement.
Guolian: Stricter regulations in 2025 are expected to encourage leading insurance companies to expand their advantages.
With the implementation of the "reporting and operating as one" policy in the individual insurance channel, the continued decrease in product reservation rates, and the active adjustment of product structure by insurance companies, the NBV Margin is expected to further improve by 2025, thereby supporting the positive growth of NBV.
