Hong Kong stock market anomaly | China Taiping (00966) rose nearly 4%, and Taiping Life plans to repurchase up to 15 billion yuan of outstanding capital supplementary bonds.

China Taiping (00966) rose nearly 4%. As of press time, it rose by 3.98%, to HKD 8.89, with a turnover of HKD 21.246 million.

Zhitong FinanceJun 13 22:15 ET

China Taiping Insurance's Unit to Buy Back Up to 15 Billion Yuan Bonds

China Taiping Insurance Holdings Company (HKG:0966) unit Taiping Life Insurance will repurchase up to 15 billion yuan worth of outstanding capital supplementary bonds, according to a Wednesday filing

MT NewswiresJun 13 02:45 ET

China Taiping (00966.HK) intends to repurchase outstanding capital replenishment bonds worth no more than 15 billion yuan.

China Taiping (00966.HK) announced on June 12 that its subsidiary, Taiping Life Insurance Co., Ltd. (“Taiping Life”) plans to repurchase outstanding capital replenishment bonds for no more than 15 billion yuan, and has received relevant regulatory agencies’ replies, which have no objections to Taiping Life’s market-oriented repurchase of capital replenishment bonds issued in 2021 and 2022. This repurchase will further optimize the capital structure of the company and Taiping Life. The company and Taiping Life will actively communicate with relevant parties, including regulatory agencies, custodians, and bond holders, to steadily promote the repurchase work and.

Gelonghui FinanceJun 12 06:14 ET

Express News | China Taiping Insurance - Taiping Life Insurance Company Proposed to Repurchase Not More Than RMB15 Bln of Outstanding Capital Supplementary Bonds

ReutersJun 12 06:11 ET

Express News | China Taiping Insurance - Proposed Repurchase of Capital Supplementary Bonds by Tpl

ReutersJun 12 06:10 ET

[Brokerage Focus] Sinolink Securities points out that insurance stocks are adjusting with the large cap. The subsequent valuation recovery momentum comes from the expectation of improved performance from the liability and asset sides.

Sinolink Securities stated that short-term market sentiment is volatile and insurance stocks are adjusting with the overall market. The future valuation recovery for insurance stocks will come from the expectation of better performance on the liability and asset sides. 1) Liability side: Some companies' Q2 NBV is expected to achieve positive growth even under high base, better than expected. 2) Asset side: Q2 profits are expected to achieve high growth under low base + the upward trend of the stock market. In addition, on June 7th, the State Council meeting deployed work related to real estate, proposing to "make efforts to promote the implementation and effectiveness of policies and measures that have already been introduced, and continue to study and reserve new policies and measures to de-stock and stabilize the market", and relevant policies are expected to be further introduced in the future.

金吾財訊Jun 11 03:09 ET