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Hong Kong stocks are on the move | The decline of mainland insurance companies has widened as October's life insurance premium growth slows down. The market is paying attention to the liability side performance during the New Year opening phase.
Mainland insurance companies saw their decline expand, as of the time of publication, new china life insurance (01336) fell by 7.24%, closing at 23.05 Hong Kong dollars; china life insurance (02628) fell by 6.68%, closing at 14.52 Hong Kong dollars; china pacific insurance (02601) fell by 4.09%, closing at 24.6 Hong Kong dollars; the people's insurance (01339) fell by 3.89%, closing at 3.71 Hong Kong dollars.
gtja: Strengthening the connection between assets and liabilities to return to the "real growth" of insurance profits.
The fundamental reason for the mismatch on the liability side is the pressure of business assessment represented by premium scale and NBV. During the interest rate down cycle, there is a divergence between the new business profit growth and the new business value growth of insurance companies, and greater emphasis should be placed on the value growth of achievable investment returns.
picc group (01339.HK): Cui Li resigned as an independent non-executive director.
Gelonghui announced on November 18 that picc group (01339.HK) reported that due to personal work changes, Cui Li resigned from the positions of independent non-executive director of the company, chairman of the board of directors' nomination and compensation committee, member of the board of directors' strategy and investment committee, and member of the board of directors' related party transaction control committee.
guolian: How has the investment strategy of insurance companies evolved?
The current insurance industry has established an investment strategy that primarily focuses on fixed income assets, supplemented by equities and other assets. In the first half of 2024, the insurance industry has allocated 9.3% to bank deposits, 47.5% to bonds, and 12.7% to stocks and securities investments.
PICC Group Logs Higher Insurance Premiums for January-October Period
Support insurance companies to increase the maximum insurable age and enhance the mobile app's aging-friendly upgrade. The new financial aging-friendly regulations have arrived.
1. The current supply of the third pillar financial products for retirement in China is still limited, with issues such as some retirement savings unable to be locked for retirement purposes, limited supply of retirement financial products, and the need to strengthen the diversity and accessibility of retirement insurance. 2. The guidelines propose increasing the research and development efforts of elderly financial products, supporting insurance companies to raise the upper age limit for insurance, and emphasizing the insurance protection needs of individuals aged 70 and above.
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