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Express News | New China Life Insurance Says Plans to Issue up to 10 Bln Yuan Worth of Perpetual Capital Bonds
New China Life Insurance Announces Board Composition
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.
Guosen: In 24Q4, the yield on Insurance investment significantly rebounded, remaining Bullish on long-duration Bonds and high-dividend Stocks allocation opportunities.
In the context of "Asset Scarcity," expanding investment channels for Insurance has become an important means of stabilizing medium to long-term investment returns. The bank remains Bullish on allocation opportunities in long-duration Bonds and high-dividend Stocks.
【Brokerage Focus】 China Merchants International maintains an "Outperform Market" rating for the Insurance Industry, driven by improvements in investment returns on the Assets side, leading to significant upward potential for Sector valuation.
Jinwu Finance | According to the research reports from CCB International, in 2024, the total amount of insurance funds used in the industry will reach 33.26 trillion yuan, an increase of 15.1% year-on-year, which is higher than the industry's premium income growth rate of 11.2%. Among these, the amount of insurance funds used by life insurance companies will be 29.95 trillion yuan, a year-on-year increase of 15.8% (with life insurance premium income growth rate of 13.3%), accounting for 90.1%; the amount of insurance funds used by property insurance companies will be 2.2 trillion yuan, a year-on-year increase of 9.7% (property insurance premium income growth rate of 5.3%), accounting for 6.7%. The annualized financial/comprehensive investment return rate for the industry in Q4 2024 is 3.43%/7.
Goldman Sachs Keeps Their Sell Rating on New China Life Insurance Co., Ltd. Class H (1336)