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Individual Investors Account for 33% of China Pacific Insurance (Group) Co., Ltd.'s (SHSE:601601) Ownership, While Institutions Account for 30%
Express News | BlackRock's Long Position in H-Shares of China Pacific Insurance Increases to 6.54% on March 3 From 5.99% - HKEX
Chinese financial stocks rose across the board as the government work report proposed timely cuts in reserve requirement ratios and interest rates.
Jinwu Financial News | Chinese financial stocks are rising across the board, with significant gains in China Mainland Banking stocks. Bank Of Communications (03328) rose by 2.87%, Bank Of China (03988) rose by 2.49%, MINSHENG BANK (01988) rose by 2.42%, CEB BANK (06818) rose by 1.94%, Industrial And Commercial Bank Of China (01398) rose by 2.01%, Postal Savings Bank Of China (01658) rose by 1.60%. In terms of Mainland Insurance Companies, China Pacific Insurance (02601) rose by 2.88%, China Life Insurance (02628) rose by 2.28%, ZA ONLINE (06060) rose by 2.17%, China Pacific Insurance.
China Pacific Insurance (02601.HK) was subject to a Shareholding reduction of 1.4446 million shares by Schroders PLC.
On March 3, according to the latest equity disclosure information from the Stock Exchange, on February 26, 2025, China Pacific Insurance (02601.HK) was reduced by Schroders PLC in the market at an average price of HKD 25.1384 per share, involving approximately HKD 36.315 million for 1.4446 million shares. After the shareholding, the latest number of shares held by Schroders PLC is 166,017,534 shares, with the shareholding proportion decreasing from 6.03% to 5.98%.
Major measures for financial opening! Lowering the access threshold for Financial Institutions from Hong Kong and Macao to the mainland. How will capital from Hong Kong and Macao ignite the mainland Insurance market?
① On one hand, it will help accelerate overseas Financial Institutions' investment in China's Insurance market, partially alleviating the current capital tightness in the Insurance Industry; ② On the other hand, it will also be beneficial in introducing products and experiences from mature Insurance markets; ③ Some experts believe that if a capital investment of billions of dollars comes in, it could leverage a large-scale premium.
Hong Kong stocks are fluctuating | The Mainland Insurance Companies expanded their gains at the close as regulators continue to guide insurance companies to reduce liability costs. The rise in long-term interest rates helps alleviate allocation pressure.
The Mainland Insurance Companies' gains expanded at the close, as of the time of writing, New China Life Insurance (01336) rose by 6.89%, priced at 28.7 Hong Kong dollars; China Pacific Insurance (02601) rose by 6.39%, priced at 25.8 Hong Kong dollars; The People's Insurance (01339) rose by 5.12%, priced at 4.11 Hong Kong dollars; Ping An Insurance (02318) rose by 4.73%, priced at 48.7 Hong Kong dollars.
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