China Pacific Insurance (02601.HK) encountered a shareholding reduction of 1.7364 million shares by Schroders PLC.

According to the latest equity disclosure data from the Hong Kong Stock Exchange on November 7, 2024, China Pacific Insurance (02601.HK) was reduced by Schroders PLC on the exchange on November 4, 2024, with an average price of 26.8408 Hong Kong dollars per share, reducing 1.7364 million shares, involving approximately 46.6064 million Hong Kong dollars. After the reduction, Schroders PLC's latest shareholding is 194,171,934 shares, with a shareholding ratio decreasing from 7.06% to 6.99%.

Gelonghui FinanceNov 6 18:00 ET

Hong Kong stocks are volatile | Mainland insurance companies collectively decline, market concerns about excessive demand for "opening red". Institutions still bullish on premium income performance.

Mainland insurance companies collectively fell. As of press time, New China Life Insurance (01336) fell by 4.93%, closing at 27 Hong Kong dollars; China Pacific Insurance (02601) fell by 4.63%, closing at 26.75 Hong Kong dollars; China Life Insurance (02628) fell by 4.45%, closing at 16.32 Hong Kong dollars; The People's Insurance (01339) fell by 1.93%, closing at 4.06 Hong Kong dollars.

Zhitong FinanceNov 6 02:43 ET

[Brokerage Focus] Bocom Intl raises target prices for multiple insurance stocks

Golden Horse Financial News | Bocom Intl raises target prices for multiple insurance stocks. China Life Insurance (02628) investment income and profitability demonstrate relatively high elasticity. The bank has raised profit forecasts, expecting a 1.78 times year-on-year profit growth in 2024. Based on a 0.7 times 2025 P/B ratio, the bank has raised the company's target price from HK$14 to HK$19, maintaining a buy rating. China Pacific Insurance (02601) has rich experience in selling dividend insurance products and has made good progress in transitioning to dividend insurance products. The bank has raised profit forecasts, expecting a 69% year-on-year profit growth for the company in 2024, based on 20

Jinwu Financial NewsOct 31 21:07 ET

China Taibao: China Taibao Report for the Third Quarter of 2024

SZSIOct 30 12:00 ET · Announcements

China Taibao Report for the Third Quarter of 2024

SZSIOct 30 12:00 ET · Announcements

China Pacific Insurance (601601.SH) released its performance for the first three quarters, with a net income of 38.31 billion yuan, a year-on-year increase of 65.5%.

China Pacific Insurance (601601.SH) released the third quarter report for 2024, the company achieved revenue...

Zhitong FinanceOct 30 11:45 ET