After long-term bonds fell below 2%, insurance funds shifted towards equity assets, with high dividend and high ROE being the top choices.
Recently, the yield on 30-year government bonds has fallen below 2.0%. Guosen believes that the central tendency of long-term bond rates continues to decline, and the pressure on investment income from insurance funds is further increasing. Since the beginning of this year, companies represented by Great Wall Life, China Pacific Insurance, and Ruizhong Life have been increasing their stakes in high-quality listed companies, mainly concentrated in industries such as utilities, transportation, and Banks, which have high dividend yields and relatively stable ROE levels.
Announcement Highlights | GTJA has been approved to be the major Shareholder of HAITONG SEC's related Overseas subsidiaries; CATHAY PAC AIR's passenger carried in November increased by about 20% year-on-year.
CATHAY PAC AIR's passenger carried in November increased by approximately 20% year-on-year; Connet Optical plans to issue 53.325 million placement shares at a discount of about 19.98% to Goertek in Hong Kong, raising a net of 0.828 billion Hong Kong dollars.
Three insurance companies have been approved to issue bonds worth 39 billion. Insurance companies have replenished a total of 117.5 billion yuan this year, slightly exceeding last year's total.
① On the same day, the Financial Regulatory Bureau disclosed that the perpetual bonds or capital supplement bonds issued by Ping An Life, China Postal Insurance, and China United Property Insurance have been approved, with a cumulative approved issuance scale not exceeding 39 billion yuan; ② The demand for "blood replenishment" in the Insurance Industry remains significant within the year. As of December 20, the cumulative issuance scale of capital supplement bonds and perpetual bonds by Insurance Institutions has reached 117.5 billion yuan, slightly higher than the total for last year.
AIA (01299.HK) spent 0.25 billion HKD to repurchase 4.626 million shares on December 19.
Gelonghui reported on December 19 that AIA (01299.HK) announced the repurchase of 4.626 million shares at a cost of 0.25 billion Hong Kong dollars on December 19.
Announcement Highlights | In the first 11 months, SUNSHINE INS's original premium income exceeded 120 billion yuan; GCL TECH plans to allot up to 1.56 billion shares, net raising approximately 1.53 billion Hong Kong dollars.
In the first 11 months, SUNSHINE INS's original premium income exceeded 120 billion yuan; the major Shareholder of CHENGDU EXPWAY won a highway project worth over 10 billion yuan.
AIA (01299.HK) spent 61.56 million HKD to repurchase 1.115 million shares on December 18.
On December 18, Guanglonghui reported that AIA (01299.HK) announced the repurchase of 1.115 million shares at a cost of 61.56 million Hong Kong dollars.
Selected announcements | CHINAHONGQIAO expects annual Net income to nearly double year-on-year; GOLDLION HOLD receives a premium for privatization, resuming trading today.
CHINAHONGQIAO expects that the Net income for the year ending December 31, 2024, may increase by around 95% year-on-year; China Coal Energy's Commodity coal sales for the first 11 months were 0.256 billion tons, showing a decrease of 1.9% year-on-year; November sales were 25.8 million tons, representing a year-on-year increase of 11.4%.
Notice highlights | China Eastern Airlines Corporation's passenger traffic increased by about 20% in November; CTIHK expects an annual Net income growth of no less than 30%.
In November, CHINA SOUTH AIR's passenger capacity input rose by 7.18% year-on-year; passenger turnover increased by 15.17% year-on-year; China Eastern Airlines' passenger capacity input increased by 9.19% year-on-year; passenger turnover increased by 20.86% year-on-year.
AIA (01299.HK) received Shareholding of 7.701 million shares from JPMorgan.
On December 17, according to the latest equity disclosure data from the Stock Exchange, AIA (01299.HK) was increased by JPMORGANCHASECO on December 10, 2024, by purchasing 7.701 million shares at an average price of HKD 59.6638 per share, involving approximately HKD 0.459 billion. After the increase, the latest number of shares held by JPMORGANCHASECO is 872,541,835 shares, with the shareholding ratio rising from 7.92% to 8.05%.
Passenger Vehicle Usage-based Insurance Market - Growth Opportunities Analysis 2024-2030
Express News | AIA Group Bought Back 1.1 Mln Shares for HK$62.1 Mln on Dec 16 - HKEX Filing
Selected announcements | Ping An Insurance's original premium income in the current year is nearly 800 billion yuan; GANFENGLITHIUM's Goulamina spodumene project phase one has officially gone into production.
In the first 11 months, New China Life Insurance accumulated original insurance premium income of 163.1663 billion yuan, a year-on-year increase of 2.2%; Ideal Autos granted a total of 3.94697 million restricted stock units.
Announcement Highlights | Air China Limited has completed the issuance of over 0.85 billion A-shares to AVIC Group; CHINA RES LAND's sales in November increased by nearly 7% year-on-year.
In the first 11 months, SINO-OCEAN GP's cumulative contracted sales amounted to approximately 30.6 billion yuan, with 3.73 billion yuan in contract sales for November; CHINA RES LAND's total contract sales amount for November was approximately 25.8 billion yuan, representing a year-on-year increase of 6.9%.
AIA Group Redeems $750 Million Bonds Due 2025
Featured announcements | Kanzhun revenue increased 19% year-on-year in the third quarter; China Taibao's original premium income during the year exceeded 410 billion yuan
Xinyi Glass and Xinyi Auto Glass (Hong Kong) signed a 2024 glass supply agreement; CGN Energy completed a cumulative total of 17,684.1 gigawatt-hours of power generation in the first 11 months, an increase of 1.7% over the previous year.
Announcement highlights | Longfor Group's sales exceeded 90 billion yuan this year; Mao Geping announced the lottery results, listed this morning.
In the first 11 months, longfor group achieved a total contract sales amount of 93 billion yuan, with contract sales of 8.5 billion yuan in November; cspc pharma's application for marketing approval for SYHX2011 to treat advanced breast cancer was accepted.
Announcement Highlights | China overseas sales exceeded 270 billion yuan this year; Guangzhou Automobile Group's November sales decreased by over 10% year-on-year.
In the first eleven months, guangzhou automobile group's cumulative sales reached 1.7045 million vehicles, a year-on-year decrease of approximately 11.1%; china overseas's cumulative contract sales for the first eleven months amounted to 270.466 billion yuan, a year-on-year drop of 5.8%.
On December 5, aia (01299.HK) spent 61.67 million Hong Kong dollars to repurchase 1.094 million shares.
On December 5, Gelonghui reported that aia (01299.HK) announced a repurchase of 1.094 million shares at a cost of 61.67 million Hong Kong dollars on December 5, 2024.
Express News | Aia Bought Back 1.1 Mln Shares for HK$61.7 Mln on Dec 5 - HKEX Filing
Announcement highlights | Insurers have raised their shareholding in brokerage stocks for the first time in nearly 5 years! New China Life Insurance has increased its shareholding in Haitong Sec; Meitu has liquidated its cryptos for a profit of nearly 80
In November, Country Garden achieved a contract sales amount of approximately 3.01 billion yuan attributable to the company's shareholders; chinares pharma's pharmaceutical commerce can issue a total of 15 billion yuan in asset-backed notes in installments.