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Gtja: The inflection point of insurance company's liability cost will come, and the bullish will relieve the risk of interest rate differential loss.
GTJA Securities predicts that insurance companies will continue to focus on traditional insurance in terms of product structure, and the demonstrated dividend rate should decrease.
Hong Kong stocks fluctuate | Mainland insurance companies fell the most, with reserved interest rates for insurance dropping to 2.5% starting from September and proposing a dynamically adjusting market interest rate.
Mainland insurance companies saw the largest decline in stocks. As of press time, China Pacific Insurance (02601) fell 11.19% to HKD 17.94, China Life Insurance (02628) fell 4.35% to HKD 10.12, New China Life Insurance (01336) fell 2.03% to HKD 14.48, and PICC P&C (02328) fell 1.59% to HKD 9.9.
China Life Insurance (02628) rose 3.82% in the Hong Kong stock market. The total assets under management of its subsidiary asset management company in the first half of the year increased by 7.55% year-on-year.
China Life Insurance (02628) continued its morning rally and rose 3.82% to HKD 10.86 by press time with a turnover of HKD 0.161 billion. The asset management company under China Life Insurance Group announced at its 2024 H1 working conference that the total scale of assets under management exceeded CNY 5.77 trillion, a year-on-year increase of 7.55% in H1. Yu Yong, Vice President of China Life Insurance Asset Management, said that the scale of third-party business managed by the company has surpassed CNY 800 billion, an increase of 12.2% from the beginning of the year. The growth rate of investment in the stock of real economy services reached 4.7%, with a total stock of CNY 3.5 trillion.
HK stocks soar | China Pacific Insurance (02601) rose more than 5%, leading mainland insurance companies. Institutions expect stable and good liability side and no need to worry too much about the asset side.
Mainland insurance companies rebounded in early trading, as of press time, China Pacific Insurance (02601) rose 5.69% to HK$20.8; China Life Insurance (02628) rose 3.44% to HK$10.82; New China Life Insurance (01336) rose 2.75% to HK$14.92; Ping An Insurance (02318) rose 2.25% to HK$34.05.
Huize Announces Partnership With New China Life Insurance
Express News | Huize Enters Strategic Partnership With New China Life Insurance Company To Jointly Launch 'Bliss', A Customized Annuity Insurance Product
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Risky Investor : This is aging like milk and is becoming a contrarian indicator