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In 2023, China Pacific Insurance's original premium income exceeded 410 billion yuan, and Beijing Hyundai under BAIC received approximately 1.1 billion USD in investment | Selected announcements from Hong Kong stocks on December 11.
① In 2023, China Pacific Insurance's original premium income exceeded 410 billion yuan. How do various businesses perform? ② BAIC's Beijing Hyundai received an investment of approximately 1.1 billion USD. What are the highlights?
China Pacific Insurance (601601.SH): In the first 11 months, the subsidiary The Pacific Life Insurance accumulated premiums of 228.842 billion yuan, a year-on-year increase of 2.2%.
Gelonghui reported on December 11 that China Pacific Insurance (601601.SH) announced that from January 1, 2024, to November 30, 2024, its subsidiary China Pacific Life Insurance Co., Ltd. accumulated original insurance premium income of 228.842 billion yuan, a year-on-year increase of 2.2%. Its subsidiary China Pacific Property Insurance Co., Ltd. accumulated original insurance premium income of 187.033 billion yuan, a year-on-year increase of 7.0%.
Express News | China Pacific Insurance - Jan-Nov Primary Premium Income of China Pacific Life Insurance RMB228.842 Bln
Hong Kong stocks are showing unusual activity | Mainland Insurance Companies collectively declined as Institutions state that the third quarter performance exceeded expectations or has already been realized, and market concerns are focused on long-term in
Mainland Insurance Companies collectively declined. As of the time of writing, China Pacific Insurance (02601) fell by 3.98% to 25.35 Hong Kong dollars; New China Life Insurance (01336) decreased by 2.68% to 25.45 Hong Kong dollars; China Life Insurance (02628) dropped by 1.53% to 15.46 Hong Kong dollars; PICC P&C (02328) declined by 0.49% to 12.1 Hong Kong dollars.
Insurance stocks rose collectively, new china life insurance (01336) increased by 4.55%. Institutions expect that the pressure on the interest margin of insurance companies will gradually ease under regulatory guidance.
Jinwu Financial News | Insurance stocks have collectively risen, with New China Life Insurance (01336) up 4.55%, ZA Online (06060) up 4.07%, China Pacific Insurance (02601) up 3.83%, China Life Insurance (02628) up 2.8%, Sunshine Ins (06963) up 2.53%, and Ping An Insurance (02318) up 2.52%. Soochow believes that the current market demand for savings remains strong, and under the ongoing regulatory guidance encouraging insurance companies to reduce liability costs, the pressure on insurance companies' interest spread is expected to gradually ease. Recently, the yield on ten-year government bonds has fallen to around 1.96%.
HK Stocks Movement: Cosco Ship Engy (01138) surged over 4%, China Pacific Insurance acquired stakes, institutions are bullish on VLCC mid-term outlook.
cosco ship engy (01138) rose over 4%, as of the time of writing, it increased by 4.19%, quoted at 6.21 HKD, with a transaction volume of 47.7127 million HKD.
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