Are senior executives losing touch one after another? Xinhua Insurance has entered an eventful autumn
Another veteran of Xinhua Insurance is rumored to be out of touch. “Investor Network” Wang Jianfan Recently, Zhang Chi, the current general manager of Xinhua Asset, an asset management company under Xinhua Insurance, suddenly lost contact with the outside world. This isn't the first time that the company's top management has had trouble. In November 2022, Wan Feng, the former chairman of Xinhua Insurance and a well-known figure in the life insurance industry, suddenly lost his connection, causing shock in the industry. The Wan Feng incident has yet to subside, and his successor, Li Quan, who has just retired for less than half a year, is also out of touch. Frequent personnel changes and successive incidents of disconnection at the management level have cast a layer of uncertainty on the company's development. Wan Feng, who was born in 1958 after being imprisoned, is in Bao
Xinhua Insurance (01336): Qin Hongbo was recommended as a candidate for the chairman of Xinhua Asset Management Co., Ltd.
Xinhua Insurance (01336) issued an announcement. The company's board of directors agreed to recommend Qin Hongbo as Xinhua Asset Management Co., Ltd...
Changes in Hong Kong stocks | Domestic insurance stocks generally rose in early trading, and the growth rate of total life insurance premiums continues to improve, and banking insurance is expected to deepen cooperation
Domestic insurance stocks generally rose in early trading. As of press release, China Taibao (02601) rose 3.64% to HK$21.35; China Taiping (00966) rose 3.18% to HK$8.77; Xinhua Insurance (01336) rose 3.08% to HK$16.72; and Ping An of China (02318) rose 2.86% to HK$41.4.
Changes in Hong Kong stocks | Domestic insurance stocks are collectively declining, and the allocation value is still high following market adjustments due to dips
The Zhitong Finance App learned that domestic insurance stocks fell collectively. As of press release, China Taibao (02601) fell 3.93% to HK$20.8; China Life (02628) fell 2.72% to HK$11.44; and Xinhua Insurance (01336) fell 2.83% to HK$16.46. Donghai Securities believes that there has been a certain correction in the insurance sector recently, mainly related to market adjustments, but looking forward to the future, assets and liabilities will usher in multi-dimensional improvements. On the debt side, the continued decline in deposit interest rates is expected to further stimulate residents' demand for savings. The increase in production capacity by agents over the years of reform and transformation has achieved remarkable results, and at the same time, there are multiple channels
NCI To Go Ex-Dividend On July 11th, 2024 With 0.93718 HKD Dividend Per Share
May 28th - $NCI(01336.HK)$ is trading ex-dividend on July 11th, 2024. Shareholders of record on July 12th, 2024 will receive 0.93718 HKD dividend per share on August 9th, 2024. The ex-dividend dat
New China Life Insurance Declares 2023 Year-End Dividend
New China Life Insurance (HKG:1336, SHA:601336) has declared a final dividend of 0.85 yuan per share for the year ended Dec. 31, 2023, a Monday filing on the Hong Kong bourse said. The dividend will b
Xinhua Insurance (01336) will pay a final dividend of 0.85 yuan per share on August 9
According to the Zhitong Finance App, Xinhua Insurance (01336) announced that the company will pay a final dividend of RMB 0.85 per share for the year ended December 31, 2023 on August 9, 2024.
New China Life Insurance Schedules 2024 AGM
Xinhua Insurance (01336) appoints Zhang Hong as the company's chief risk officer
Zhitong Finance App News, Xinhua Insurance (01336) announced that on May 24, 2024, the board of directors agreed to appoint Mr. Zhang Hong as the company's chief risk officer and agreed to appoint Mr. Gong Xingfeng as the company's chief financial officer (and financial director). The qualifications of the financial director are yet to be approved by the supervisory authority.
Changes in Hong Kong stocks | Insurance stocks continue to decline, insurance asset management institutions' personal business or contraction institutions say life insurance business is expected to continue to recover throughout the year
Insurance stocks continued their recent decline. As of press release, China Life Insurance (02628) fell 3.46% to HK$11.74; Xinhua Insurance (01336) fell 2.44% to HK$16.78; AIA (01299) fell 2.03% to HK$60.4; and China Taibao (02601) fell 0.94% to HK$21.
Changes in Hong Kong stocks | Domestic insurance stocks continue to decline recently, and new insurance orders face high base growth pressure, and the core constraint is still hidden concerns about interest spreads and losses
Domestic insurance stocks continued their recent decline. As of press release, Xinhua Insurance (01336) fell 2.71% to HK$17.2; China Life (02628) fell 2.42% to HK$12.12; and China Taibao (02601) fell 0.93% to HK$21.3.
Nomura Adjusts New China Life Insurance's Price Target to HK$22.14 From HK$20.29, Keeps at Buy
03:01 AM EDT, 05/22/2024 (MT Newswires) -- Nomura Adjusts New China Life Insurance's Price Target to HK$22.14 From HK$20.29, Keeps at Buy Price (HKD): $17.72, Change: $+0.22, Percent Change: +1.26%
China Merchants Securities: In April, the premium income of listed insurers was steady, and the asset side ushered in triple catalysis
Recently, listed insurers disclosed the original insurance premium income from January to April 2024. The monthly increase in life insurance premiums of various companies in April was mainly driven by renewal, and the value performance may be better than expected; the growth rate of financial insurance premiums is not expected to be due to differences in the auto insurance business.
Market Still Lacking Some Conviction On New China Life Insurance Company Ltd. (SHSE:601336)
With a price-to-earnings (or "P/E") ratio of 16.2x New China Life Insurance Company Ltd. (SHSE:601336) may be sending very bullish signals at the moment, given that almost half of all companies in Chi
Changes in Hong Kong stocks | China Taibao (02601) fell nearly 5%, leading the decline and concerns about domestic insurance dividend differences put pressure on sector valuations
Domestic insurance stocks declined across the board. As of press release, China Taibao (02601) fell 4.97% to HK$21.05; Xinhua Insurance (01336) fell 3.31% to HK$17.54; and China Life (02628) fell 2.69% to HK$12.32.
China Merchants Securities: The insurance sector continues to rise, optimistic about investment opportunities in the life insurance sector
An insurance sector with undervaluation, low holdings, and low expectations, or an excellent choice reflecting the equity market, real estate expectations, and interest rate environment at the moment.
New China Life Insurance Logs 67 Billion Yuan in January-April Premium Income
New China Life Insurance (HKG:1336, SHA:601336) recorded a gross premium income of 67.2 billion yuan for the four months ended April 30, a Friday filing on the Hong Kong bourse said. Price (HKD): $18.
Xinhua Insurance (01336.HK): The cumulative original premium income of 67.224 billion yuan in January-April decreased by 11.69% year-on-year
Gelonghui, May 17, 丨 Xinhua Insurance (01336.HK) announced that the company's cumulative original insurance premium income for the period from January 1 to April 30, 2024 was RMB 67,236.6 billion, a year-on-year decrease of 11.69%. The company focuses on value growth and structural optimization, and strives to promote high-quality development, especially in terms of individual insurance channel core business, excellent manpower, and per capita production capacity.
Changes in Hong Kong stocks | China Taibao (02601) rose nearly 4%, leading the rise, domestic insurance stocks, insurance asset-side pressure is expected to ease the lifting of the limit on the number of banking insurance partnerships
The Zhitong Finance App learned that domestic insurance stocks continued to rise. As of press release, China Taibao (02601) rose 3.86% to HK$21.5; Ping An (02318) rose 2.56% to HK$44.1; China Life (02628) rose 2.26% to HK$12.66; and Xinhua Insurance (01336) rose 1.37% to HK$17.8. According to the news, China Aviation Securities pointed out that since mid-April, the insurance sector has continued to fluctuate and rise, mainly benefiting from the expected improvement of pressure on the asset side. First, on April 22, the Ministry of Finance stated that “ultra-long-term special treasury bonds will be launched in a timely manner
Direct impact of changes | Domestic bank insurance stocks collectively rose in early trading, and banking insurance channels recreated major new regulations
On May 10, $Bank Stocks (BK1239) $$Domestic Insurance Stocks (BK1228) $ collectively increased during the morning intraday period. As of press release, $Postbank (01658.HK) $ rose 7.36% to HK$4.52; $Agricultural Bank (01288.HK) $ rose 6.18% to HK$3.78; $CCB (00939.HK) $ rose 6.25% to HK$5.61; $ICBC (01398.HK) $ rose 4.60% to HK$4.55; $China Taibao (02601.HK) $ rose 8.25%
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