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China Life Insurance CFO's Qualification Approved
China Life Insurance (02628.HK): The financial principal Yuan Ying's appointment qualifications have been approved by the China Banking and Insurance Regulatory Commission.
On July 18th, Grohmann Hui announced that it has received a reply from the China Regulatory Commission regarding the qualification for Yuan Ying's appointment. According to the reply, the China Regulatory Commission has approved Yuan Ying's qualifications as the company's financial director. Her appointment will take effect from July 10, 2024.
The insurance sector is generally rising. PICC P&C (02328) rose by 3.68%. Institutions indicated that the net income of life insurance is expected to improve quarter by quarter due to the low base.
Insurance stocks generally rose, with PICC P&C up 3.68%, China Pacific Insurance up 3.44%, Prudential, China Life Insurance, PICC Group, and za online up more than 1%. Open Source Securities Research Report pointed out that the life insurance liability side has a good business environment, and net profits are expected to improve quarter by quarter under a low base, the industry's debt cost is expected to continue to decline, and the stable stage of the asset side interest rate spread loss is expected to improve. We remain bullish on investment opportunities in the life insurance sector and focus on mid-year reports, long-term interest rates, and July policies.
Hong Kong stocks fluctuate | Most insurance stocks rise, and the five major insurance companies achieved premiums of 1.76 trillion yuan in the first half of the year, and the results of the reform have continued to be released.
Most insurance stocks are up. As of press time, China Pacific Insurance (02601) rose 4.55% to HKD 20.45, China Life Insurance (02628) rose 2.58% to HKD 11.12, and New China Life Insurance (01336) rose 1.89% to HKD 15.12.
New China Life Insurance Logs Nearly 99 Billion Yuan in H1 Premium Income
Insurer New China Life Insurance (HKG:1336, SHA:601336) recorded a gross premium income of around 98.83 billion yuan in the first half of 2024, a Tuesday bourse filing said.Hong Kong- and China-
New China Life Reports Robust Mid-Year Income
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Risky Investor : This is aging like milk and is becoming a contrarian indicator![laughing 😆](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f606.png)