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Hong Kong stocks fluctuate | Mainland Insurance Companies broadly fell in early trading as long-term government bond yields hit a new low. Institutions state that the uncertainty in the Sector is based on pressure from the Assets.
Mainland Insurance Companies fell broadly in the morning session. As of the time of writing, New China Life Insurance (01336) fell by 5.08%, trading at HK$22.4; China Pacific Insurance (02601) fell by 4.76%, trading at HK$24; China Life Insurance (02628) fell by 4.5%, trading at HK$14.02; PICC P&C (02328) fell by 3.59%, trading at HK$11.82.
This year's biggest winner in the A-share market.
An increasingly obvious trend.
China Pacific Insurance Appoints New Chairman for Subsidiary
Express News | China Pacific Insur. - Approval of Appointment Qualification
China Pacific Insurance (601601.SH): The qualification for the position of Chairman of the controlling subsidiary has been approved.
On December 27, Gelonghui reported that China Pacific Insurance (601601.SH) announced that its holding subsidiary, China Pacific Life Insurance Co., Ltd. (hereinafter referred to as "Pacific Life Insurance"), held its third interim Shareholder meeting in 2024, approving the election of Mr. Zhao Yonggang as a director of the eighth Board of Directors of Pacific Life Insurance. The fifth meeting (temporary) of the eighth Board of Directors approved the election of Mr. Zhao Yonggang as the Chairman of the eighth Board of Directors of Pacific Life Insurance. Recently, Pacific Life Insurance received the State Financial Supervision Administration (hereinafter referred to as "Financial Supervision Administration") notification regarding the appointment of Mr. Zhao Yonggang as Chairman of China Pacific Life Insurance Co., Ltd.
GTJA: It is expected that life insurance will shift to a strong performance in 2025 while property insurance will grow steadily.
The negative month-on-month premium growth in the life insurance sector for November does not change the annual growth expectations, health insurance is recovering while accident insurance remains under pressure; the recovery in new car sales is driving an improvement in auto insurance growth, while non-auto insurance continues to grow to achieve annual targets.
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