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China Merchants Securities Co., Ltd. (SHSE:600999) Held Back By Insufficient Growth Even After Shares Climb 33%
Hong Kong stock market anomalies | China-affiliated brokerage stocks collectively strengthened, with multiple measures boosting the capital markets, and the industry's M&A restructuring continues to accelerate.
China-affiliated brokerages stocks collectively strengthened. As of the time of publication, China Merchants (06099) rose by 11.78% to HK$8.16; Citic Securities (06030) rose by 10.5% to HK$18.74; CSC (06066) rose by 10.21% to HK$8.31.
China Merchants (06099) recommends nominating Liu Zhenhua as a candidate for non-executive director of the eighth board of directors.
China Merchants (06099) announced that Zhang Jian has resigned as a non-executive director of the company's board of directors due to work changes.
China Merchants Securities (06099.HK): Zhang Jian resigns as a non-executive director.
On September 27, Guolonghui announced that Zhang Jian has resigned from the positions of non-executive director, chairman of the Board of Directors Risk Management Committee, member of the Strategy and Sustainable Development Committee, and member of the Remuneration and Evaluation Committee due to work changes. The board further announced that Wang Zhang has resigned from the position of shareholder representative supervisor due to work changes. The board resolved at the meeting held on September 27, 2024 to nominate Liu Zhenhua, Liu Hui, and Li Delin as candidates for non-executive directors of the company's eighth Board of Directors.
CMSC: 2024 Interim Report
China Merchants: picc p&c premium growth rate is stable and improving. The impact of major disasters is relatively controllable.
China Merchants Securities released research reports stating that in August, PICC P&C (02328) motor insurance and non-motor insurance premiums are both stable and improving. After Typhoon "Mujigae" landed in Hainan in September, as of noon on September 8, the estimated loss amount for the company exceeded 0.5 billion yuan, with the related claims mainly involving motor insurance, property insurance, agricultural insurance, etc. After Typhoon "Chanthu" landed in Shanghai, the company has also completed multiple payouts. Overall, it is expected that the impact of natural disasters on the Q3 comprehensive cost ratio is relatively manageable. China Merchants Securities emphasizes that as a leader in the P&C insurance industry, with stable ROE and high dividend yield, the company has long-term investment value. The main viewpoints of China Merchants Securities are as follows: overall premium growth rate is stable and improving.
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