Hong Kong stocks fluctuate | Mainland Insurance Companies continue to decline as the 30-year treasury yield drops below the 2% mark, affecting the investment returns of insurance companies' Fixed Income Assets.

Mainland Insurance Companies continued to decline. As of the time of writing, China Pacific Insurance (02601) fell by 4.67% to 24.5 Hong Kong dollars; China Life Insurance (02628) dropped by 3.33% to 15.08 Hong Kong dollars; The People's Insurance (01336) decreased by 3.9% to 24.65 Hong Kong dollars; The People's Insurance (01339) declined by 3.85% to 3.75 Hong Kong dollars.

Zhitong FinanceDec 12 22:27 ET

Featured announcements | Kanzhun revenue increased 19% year-on-year in the third quarter; China Taibao's original premium income during the year exceeded 410 billion yuan

Xinyi Glass and Xinyi Auto Glass (Hong Kong) signed a 2024 glass supply agreement; CGN Energy completed a cumulative total of 17,684.1 gigawatt-hours of power generation in the first 11 months, an increase of 1.7% over the previous year.

cls.cnDec 11 19:17 ET

Hong Kong Stock Report, December 12: KPMG expects Hong Kong listed companies to raise more than 100 billion dollars next year, and Kaisa discloses the progress of overseas debt restructuring

① The Legislative Council of the Hong Kong Special Administrative Region passed the “Stamp Duty Legislation (Miscellaneous Amendments) Bill 2024” ② KPMG expects to raise capital of HK$100 billion for listed companies in Hong Kong ③ KPMG discloses progress in overseas debt restructuring ④ Bitcoin market strengthens again and rises back to 0.1 million US dollars

cls.cnDec 11 18:40 ET

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%.

Gelonghui FinanceDec 11 04:19 ET

Express News | China Pacific Insurance - Jan-Nov Primary Premium Income of China Pacific Life Insurance RMB228.842 Bln

ReutersDec 11 04:18 ET

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.

Zhitong FinanceDec 11 01:27 ET