Will there be another wave of insurance product adjustments before September 30? New China Life Insurance earnings conference responds to the planned interest rate reduction and will focus on dividend insurance in the future.
① Make adjustments to traditional insurance policies before August 31st, and make adjustments to participating insurance and universal insurance products before September 30th. The next step is to focus on participating insurance and hope to bring new growth momentum through participating insurance; ② The mid-term dividend accounts for 15% of the net income attributable to the parent company in the first half of the year, equivalent to 19% of last year's annual profit; ③ Regarding asset allocation strategy, follow the basic rule of asset-liability matching and not give up the opportunity for phased allocation of equity investments.
China Pacific Insurance responds to market hot topics at the mid-term earnings conference: continuously improving the contribution ratio of bancassurance, dividend-type products are expected to exceed 50% in the future, and asset allocation adheres to the
1. In the macro environment changes, Taibao is also shifting towards protection and dividend-type business; 2. In the long term, Taibao's dividend-type products are expected to account for more than 50%; 3. Will continue to increase the contribution ratio of silver insurance, focus on strategic cooperation with banks to promote a one-on-one global strategy.
Hainan's offshore duty-free pressure, China Tourism Group Duty Free Corporation's revenue and net profit both declined. Analysts believe that the impact of the new tax-free policy in the city is limited. | Interpretations of financial reports
①This year, China Tourism Group Duty Free Corporation's revenue decreased by 12.81% YoY, and net income attributable to shareholders decreased by 15.07% YoY; ②Recently, several departments issued a notice on improving the policy of downtown duty-free shops, and the Hainan Provincial Department of Commerce hosted the distribution of Hainan Province's 'flight ticket + duty-free' consumer vouchers; ③Analysts believe that the new policy of downtown duty-free shops has a narrow range of customer base and limited impact on the duty-free market.
Is it a challenge to lower the benchmark interest rate and promote the integration of banking and insurance? China Life Insurance, which has a premium of 400 billion, has recently spoken up.
The decrease in the reserved interest rate and the deepening of the integration of report and bank in the individual insurance channel are challenges and opportunities for the life insurance market. In the first half of the year, China Life Insurance exceeded 600 billion in equity product allocation. The current A-share market already has long-term allocation value, and the allocation strategy will increase the allocation of high-dividend stocks and actively buy high-quality stocks with cost-effectiveness.
China Life Insurance Company Limited (CILJF) Q2 2024 Earnings Conference Call Transcript Summary
Due to the slowdown in consumer demand, the revenue and non-GAAP net income of Inner Mongolia Yili Industrial Group have decreased by 9.53% and 12.81% respectively. | Finance Report News
Due to the oversupply of raw milk, the retail price of dairy products has declined, and at the same time, consumer demand has slowed down, resulting in a decline in the company's product sales volume. This has dragged down the year-on-year revenue of Inner Mongolia Yili Industrial Group by 9.53%, and the non-GAAP net income by 12.81%.