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Hong Kong stocks are active | Insurance stocks rose in the morning, and the China Banking and Insurance Regulatory Commission will guide the industry to timely adjust the pre-determined interest rates for life insurance products.
Insurance stocks rose in the morning, as of the time of publication, China Pacific Insurance (02601) rose 4.72% to HKD 19.54; Ping An Insurance (02318) rose 3.64% to HKD 35.55; China Life Insurance (02628) rose 2.25% to HKD 10.92; New China Life Insurance (01336) rose 2.18% to HKD 15.02.
China Life Insurance to Host 2024 Interim Results Webcast
China Life Insurance plans to reduce its shareholding in Bank of Hangzhou by 0.11 billion shares. Will clearing out the shares cause fluctuations in the stock price? Who will take over?
China Life Insurance plans to reduce its shareholding of Bank of Hangzhou by no more than 110,092,230 shares. Based on the current share price, this liquidation by China Life Insurance may be worth 1.5 billion yuan. Experts believe that this reduction will have limited impact on Bank of Hangzhou, but may cause short-term fluctuations in the stock price. Local state-owned shareholders are expected to take over and increase their stake.
On August 21, A-shares lightning rod: Shuangqiang Technology - shareholder Huaruitaixin plans to reduce its shareholding by no more than 2.99%; Bank of Hangzhou - China Life Insurance plans to reduce its shareholding by no more than 1.86%.
Shareholder Hua Ruitaixin of Shuangqiang Technology plans to reduce his shareholding by no more than 2.99%; Shareholders Juli Hua and Zhuang Huafeng of Kunshan Topa Intelligent Equipment plan to reduce their shareholding by no more than 2% in aggregate; Bank of Hangzhou stated that China Life Insurance plans to reduce its shareholding by no more than 1.86%; Jiangsu Zhongli Group stated that its net loss in the first half of the year was 266 million yuan, an increase in year-on-year losses; Chenyi Intelligent Equipment stated that the products supplied to Huawei are mainly Bluetooth remote controls and cameras, and do not involve Star Flash remote controls.
Express News | Bank of Hangzhou Says China Life Insurance Plans to Unload up to 1.86% Stake in the Company Between Aug 26 and Nov 25
China Merchants Securities: Overall improvement in life insurance in July, and stability in property insurance growth.
In July, life insurance premiums of various companies continued to increase, while property insurance was slightly differentiated due to the base.