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Bank of Hangzhou (SHSE:600926) Shareholders Have Earned a 18% CAGR Over the Last Five Years
March 24 Insurance Daily | New regulations released, Banks have new requirements for selling Insurance! The latest disclosed annualized returns for over a thousand combination-type Insurance asset management products are positive.
New regulations have been released! Banks have new requirements for selling Insurance as the Insurance and Banking channels tighten their restrictions again. On March 21, the Financial Regulatory Administration issued the 'Management Measures for Business Banks' Agency Sales Business', strengthening the supervision of agency sales, urging commercial Banks to rigorously select cooperative Institutions, prudently access agency sales products, and standardize sales behaviors and sales channels. Several requirements target the agency sales of Insurance by Banks. Commercial Banks have always been an important channel for Insurance agency business and are also a crucial part of Insurance mixed agency Institutions. What new requirements have been proposed by the measures? How will it affect the direction of Insurance and Banking channels? (Peking Business Daily) Over a thousand types of combination Insurance.
February 28 Insurance Daily丨Enhancing the quality and efficiency of green financial services, two departments released a plan! Catastrophe Insurance continuously receives policy briefings, and the investment enthusiasm of insurance funds is rising.
To enhance the quality and efficiency of green financial services, two departments released a plan as part of the financial "five major articles". Green finance is ushering in a high-quality development implementation plan. On February 27, regarding the effective completion of the financial "five major articles", the National Financial Regulatory Administration and the People's Bank of China jointly issued the "Implementation Plan for High-Quality Development of Green Finance in Banks and Insurance Industries", outlining the green finance development goals for the next five years, including strengthening financial support in key areas and improving the green financial service system among the key tasks. By the end of 2024, 21 major banks' green Crediting balance will reach 32.78 trillion yuan, a year-on-year increase of 20.61%.
HUANENG POWER has completed the issuance of 2.5 billion yuan ultra-short-term financing bonds.
HUANENG POWER (00902) announced that it has recently completed the issuance of its first super short-term financing bond for 2025 (the "current bond"). The issuance amount of this bond is 2.5 billion yuan, with a term of 95 days, a face value of 100 yuan, and an issuance interest rate of 1.97%. This bond is underwritten by CBHB and Bank Of Hangzhou as the lead underwriters, and it will be publicly issued in the national interbank bond market through book building and centralized distribution. The funds raised from this bond will be used to supplement the company's working capital.
Is Now The Time To Put Bank of Hangzhou (SHSE:600926) On Your Watchlist?
Bank of Hangzhou: Bank of Hangzhou 2024 Annual Performance Report Announcement