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The suspension of sales is driving! In August, the premium for personal insurance in the five major A-share insurance companies skyrocketed, with Xinhua and PICC Life's monthly growth rate exceeding 90%.
1. Under the effect of "suspension of sales", life insurance new policies did not decrease in August. 2. In the month of August, New China Life Insurance and China Life Insurance saw a staggering year-on-year increase of 122% and 95% in premium income. 3. In the month of August, Ping An Life Insurance, China Life Insurance, and Taikang Life Insurance saw a year-on-year growth of over 25% in premium income.
New China Life Insurance's Premiums Rise 1.9% in August
New China Life Reports Growth in Premium Income
Express News | New China Life Insurance - Accumulated Gross Premium Income Between 1 January and 31 August RMB130,282.18 Mln
CHINA LIFE: 2024 Interim Report
Analysts' Opinions Are Mixed on These Financial Stocks: China Life Insurance Co (OtherCILJF), PayPal Holdings (PYPL) and Invesco (IVZ)
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524773 : the earnings (if they are true. I have no reason to suspect they are not , but they all look like too good to be true) suggest that we should ride on this boat for as long as it remains undervalued and see how far the boat can bring us.
I am putting in my goods into the boat and will continue to do so if the boat still not sail too far.
with luck this sector could well be a easy put money take money kind of play (or lose big time) if we got some patience.
I am in.
Momentum Trader OP 524773 : Nice, trade with the chart signal. Financials are secondary importance but chart comes first 🫡
Detached House : Is the results of HK 2628 good Bro? Read, suppose to be out today
524773 Momentum Trader OP : financials are fantastic if they are true. chart wsie. many of them showed a big double bottom followed by a big rally and then a correction then a consolidation phase. the current phase seems to be a move up after exiting consolidation
Momentum Trader OP 524773 : So far strong up signal for the sector
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