New China Life Insurance Unveils Board Structure

TipRanksDec 24 05:08 ET

New China Life Insurance (01336.HK: Gong Xingfeng's qualifications to serve as Director, President, and Chief Financial Officer of the company have been approved.

On December 24, Gelonghui reported that New China Life Insurance (01336.HK) announced that it recently received the National Financial Supervisory Administration's ("Financial Regulatory Authority") approvals regarding the qualification of Gong Xingfeng as a Director of New China Life Insurance Co., Ltd. (No. Jin Fu [2024] 819), the approval of Gong Xingfeng as General Manager (No. Jin Fu [2024] 843), and the approval of Gong Xingfeng as Financial Officer (No. Jin Fu [2024] 825), and the Financial Regulatory Authority has approved Gong Xingfeng.

Gelonghui FinanceDec 24 04:54 ET

Rescue or 'bottom fishing'? Four insurance companies have acquired 15 Wanda Assets this year.

New China Life Insurance (601336.SH) has taken over another Wanda Assets. According to Tianyancha information, Wanda Plazas in Chifeng and Jinjiang have already occurred...

wallstreetcnDec 23 04:54 ET

After long-term bonds fell below 2%, insurance funds shifted towards equity assets, with high dividend and high ROE being the top choices.

Recently, the yield on 30-year government bonds has fallen below 2.0%. Guosen believes that the central tendency of long-term bond rates continues to decline, and the pressure on investment income from insurance funds is further increasing. Since the beginning of this year, companies represented by Great Wall Life, China Pacific Insurance, and Ruizhong Life have been increasing their stakes in high-quality listed companies, mainly concentrated in industries such as utilities, transportation, and Banks, which have high dividend yields and relatively stable ROE levels.

wallstreetcnDec 22 20:16 ET

A Closer Look At New China Life Insurance Company Ltd.'s (SHSE:601336) Impressive ROE

Simply Wall StDec 22 20:02 ET

Three insurance companies have been approved to issue bonds worth 39 billion. Insurance companies have replenished a total of 117.5 billion yuan this year, slightly exceeding last year's total.

① On the same day, the Financial Regulatory Bureau disclosed that the perpetual bonds or capital supplement bonds issued by Ping An Life, China Postal Insurance, and China United Property Insurance have been approved, with a cumulative approved issuance scale not exceeding 39 billion yuan; ② The demand for "blood replenishment" in the Insurance Industry remains significant within the year. As of December 20, the cumulative issuance scale of capital supplement bonds and perpetual bonds by Insurance Institutions has reached 117.5 billion yuan, slightly higher than the total for last year.

cls.cnDec 20 08:27 ET