UBS Group: Contemporary Amperex Technology suspends lithium production in Jiangxi, China's lithium prices hit bottom.

UBS estimates that the suspension of Contemporary Amperex Technology's lithium business in Jiangxi will lead to an 8% decrease in China's monthly production of lithium carbonate. The lithium price is expected to rise by 11%-23% within the year and will be supported at $8600/ton.

wallstreetcn00:48 ET

Will there be another wave of insurance product adjustments before September 30? New China Life Insurance earnings conference responds to the planned interest rate reduction and will focus on dividend insurance in the future.

① Make adjustments to traditional insurance policies before August 31st, and make adjustments to participating insurance and universal insurance products before September 30th. The next step is to focus on participating insurance and hope to bring new growth momentum through participating insurance; ② The mid-term dividend accounts for 15% of the net income attributable to the parent company in the first half of the year, equivalent to 19% of last year's annual profit; ③ Regarding asset allocation strategy, follow the basic rule of asset-liability matching and not give up the opportunity for phased allocation of equity investments.

cls.cnAug 30 10:41 ET

China Pacific Insurance responds to market hot topics at the mid-term earnings conference: continuously improving the contribution ratio of bancassurance, dividend-type products are expected to exceed 50% in the future, and asset allocation adheres to the

1. In the macro environment changes, Taibao is also shifting towards protection and dividend-type business; 2. In the long term, Taibao's dividend-type products are expected to account for more than 50%; 3. Will continue to increase the contribution ratio of silver insurance, focus on strategic cooperation with banks to promote a one-on-one global strategy.

cls.cnAug 30 09:04 ET

Is it a challenge to lower the benchmark interest rate and promote the integration of banking and insurance? China Life Insurance, which has a premium of 400 billion, has recently spoken up.

The decrease in the reserved interest rate and the deepening of the integration of report and bank in the individual insurance channel are challenges and opportunities for the life insurance market. In the first half of the year, China Life Insurance exceeded 600 billion in equity product allocation. The current A-share market already has long-term allocation value, and the allocation strategy will increase the allocation of high-dividend stocks and actively buy high-quality stocks with cost-effectiveness.

cls.cnAug 30 04:32 ET

China Life Insurance Company Limited (CILJF) Q2 2024 Earnings Conference Call Transcript Summary

moomoo AIAug 30 03:08 ET · Conference Call

New China Life Insurance releases mid-year performance report, achieving double-digit increases in revenue and profit | Financial Report Watch.

New China Life Insurance stated that the company outperformed the market in terms of returns on major investment asset categories in the first half of the year.

wallstreetcnAug 29 11:02 ET