02601 CPIC
- 21.050
- +0.450+2.18%
CPIC News
Ping An Securities' insurance strategy for the midterm of 2024: the liability side has stabilized, and the asset side is ready to take off.
Zhī tōng cǎi jīng APP learned that Ping An Securities released a research report stating that the valuation and hold positions of the insurance industry are still at the bottom, and the beta properties along with the risk mitigation of real estate investment will help the sector to repair its valuation bottom, bullish on the long-term allocation value of the industry. On the liability side, the NBV of life insurance in 24Q1 generally increased significantly, with strong demand for household savings and the decline of the insurance industry's competing product yield. The demand for savings insurance will continue to release, and the NBV growth pressure is expected to ease in 24Q2, continuing the trend of liability side improvement in the full year of 2024. Property insurance has obvious Matthew effect and structural optimization, and it is expected that premiums will steadily increase and COR will improve in 2024. On the asset side, it is expected that the ten
[Brokerage Focus] CMB International maintains its 'outperform' rating on the insurance sector, bullish on China Pacific Insurance (02601) and PICC P&C (02328).
Jingu Caixun | CMB International stated that the premium income of the top life insurance companies in China's insurance industry continued to grow in May on the basis of a high base last year, showing good development resilience under value transformation. Recently, the regulator guided some life insurance companies through the window and will stop selling 3.0% increasing lifelong insurance policies at the end of June and launch increasing lifelong insurance products with a scheduled interest rate of 2.75% on July 1. The bank believes that this move will further reduce the debt cost of the industry, especially small and medium-sized insurance companies, and avoid long-term interest rate risk. Considering the high growth of premium income of insurance companies before the reduction of scheduled interest rate last year, the bank
HK stocks soar | China Life Insurance (02628) rose nearly 4%, leading the mainland insurance companies. The guidelines for promoting the high-quality development of the insurance industry are expected to be introduced.
Mainland insurance companies rose collectively in the afternoon. As of press time, China Life Insurance (02628) rose 3.9% to HKD 11.2; Ping An Insurance (02318) rose 3.46% to HKD 37.35; China Pacific Insurance (02601) rose 2.71% to HKD 20.5; New China Life Insurance (01336) rose 2.29% to HKD 16.08.
Open source securities: Excess returns are supported by business prosperity and policy, and the catalyst on the asset side is expected to drive the continuous recovery of the valuation of the life insurance sector.
Open Source Securities stated that the valuation and institutional holdings of the life insurance sector are still at a low level. The business climate and policy side bring support for excess returns, and the catalysis on the asset side is expected to drive continuous increase in sector valuations. Bullish on life insurance sector opportunities.
Your matter is my concern. China Pacific Life Insurance held the fifth "616 Partner Festival".
"The meaning of insurance work is to pass on more customers' love and responsibility." "Every field partner is a green bud that strives to grow. Our purpose as office staff is to provide the sunshine and fertilizer along the way of such growth. We are dedicated to serving our partners, making progress together, and your business is our business." This is the touching speech made by internal and field partners in the fifth "616 Partner Festival" live event of China Pacific Insurance, reflecting the concept of "customer first" and the beautiful camaraderie between internal and field staff. Chairman of China Pacific Insurance-Pan Yanhong (third from the left) and other executives participated in the opening ceremony at the main venue.
Positron Corporation Joins Cardiac PET Industry Coalition (CPIC)
Niagara Falls, NY, June 14, 2024 (GLOBE NEWSWIRE) -- Positron Corporation ("Positron" or the "Company") (OTC: POSC), a leading molecular imaging medical device company offering PET and PET-CT (Posit
China Pacific Insurance Property Insurance has won the crown of comprehensive competitiveness ranking for six consecutive years in the property insurance company.
On June 13th, insurance self-media "13 actuaries" WeChat public account released the "13 Jing" comprehensive competitiveness ranking of property insurance companies in 2023. China Pacific Insurance Group's China Pacific Property Insurance once again ranked first, which has been the company's sixth consecutive year to win the first place on the list. The ranking summarized China Pacific Property Insurance's operational performance in 2023 as follows: this is already the sixth consecutive year that China Pacific Property Insurance ranked first on the "13 Jing" ranking list of comprehensive competitiveness of property insurance companies. This is due to the balanced development of its scale and efficiency, with the highest premium growth rate among the "old three" insurance companies and the highest net asset yield under the new regulations.
Guosen Securities: 3.0% incremental life insurance will be discontinued, bullish for the industry as a whole in terms of lowering long-term pressure on debt costs.
Guosen Securities released research reports stating that adding value life insurance is an emerging product in recent years, with a low percentage of current stock. It is expected that the short-term bullish trend will lead to an increase in premium income in June, and some companies may use the opportunity of stopping sales to engage in speculative trading. The mid-term (July-August) may have some insurance demand overdraft impact, thus the premium growth rate may have some slight decline. The long-term bullish trend is good for the overall industry to lower the cost of debt and reduce the risk of interest rate spread. From the standpoint of asset allocation, with the corresponding rectification in place, as premium income increases, it continues to be bullish for the configuration of high dividend (OCI equity) assets of insurance funds, and there is also a configuration of long-term bonds.
China Pacific Insurance has opened its 15th retirement community in Suzhou, focusing on the needs of nursing and rehabilitation. The strategic development of health industry is deepening.
On June 13, Taibao Pension Investment Company, a subsidiary of China Taibao, signed a tripartite project cooperation agreement with the Taihu New Town Wuzhong Management Committee and Hangzhou Urban Construction Group, marking the official landing of the 15th Taibao Pension Community Project in Suzhou. Taibao Homeland Suzhou International Nursing Community will give full play to the resource advantages of important cities in the national historical and cultural city, the Shanghai metropolitan area, and the Suxi Changdu metropolitan area, focusing on long-term vitality, nursing and rehabilitation customers, taking into account the residential needs of some migratory birds, and creating a boutique urban CCRC pension community to provide more service options for customers with high-quality pension needs in the Yangtze River Delta. Highlight the characteristics of “integrated medical care” and create
Love credit, benefit people's livelihood, and promote development-China Pacific Property Insurance's credit service for the people's livelihood work records.
Since the establishment of the credit management system in 2015, China Pacific Insurance under China Pacific Insurance Property Insurance has always adhered to the service initial heart of credit for the people, strictly abiding by various regulatory norms such as the People's Bank of China's "Credit Reporting Industry Management Regulations", and actively promoting credit knowledge to customers nationwide, guiding customers to cherish their own credit, and contributing to the continuous improvement of the social credit system. Credit protection supports inclusive finance and the development of micro and small businesses. Micro and small private enterprises are an important part of the national economy, and they have played an important role in stabilizing growth, promoting innovation, and maintaining employment, making important contributions to the economic growth of China.
Hong Kong stock market fluctuations | China Pacific Insurance (02601) rose more than 4%. It is reported that some insurance companies will stop selling the "3.0%" increase in lifelong insurance at the end of June.
China Pacific Insurance (02601) rose more than 4% and, as of press time, rose by 4.21% to HKD 20.05 with a turnover of HKD 141 million.
China Pacific Insurance (02601.HK): The accumulated original insurance business income of two subsidiaries from January to May was RMB 214.214 billion.
On June 11th, GeLongHui reported that China Pacific Insurance (02601.HK) disclosed that its subsidiary, China Pacific Life Insurance Co., Ltd., had a cumulative original insurance business income of RMB 122.29 billion from January 1 to May 31, 2024, a decrease of 2.1% year-on-year. Its other subsidiary, China Pacific Property Insurance Co., Ltd., has a cumulative original insurance business income of RMB 91.924 billion, an increase of 7.6% year-on-year.
China Pacific Insurance: Pacific Life Insurance's original insurance business income in the first 5 months was 1222.90 billion yuan, a year-on-year decrease of 2.1%.
China Pacific Insurance, a subsidiary of China Pacific Insurance Group (02601), announced that its accumulated original insurance business income during the period of January 1, 2024 to May 31, 2024 was RMB 91.924 billion, a year-on-year increase of 7.6%.
Express News | China Pacific Insurance - Jan-May Accumulated Primary Insurance Premiums of China Pacific Life Insurance RMB122.290 Bln, Down 2.1%
[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.
Express News | JPMorgan Chase & Co's Long Position in H-Shares of China Pacific Insurance Decreases to 7.67% on June 3 From 8.19% - HKEX
CPIC To Go Ex-Dividend On June 12th, 2024 With 1.12144 HKD Dividend Per Share
June 7th - $CPIC(02601.HK)$ is trading ex-dividend on June 12th, 2024. Shareholders of record on June 13th, 2024 will receive 1.12144 HKD dividend per share on July 12th, 2024. The ex-dividend dat
China Pacific Insurance (02601) will distribute a final dividend of HKD 1.02 per share on July 12.
China Pacific Insurance (02601) announced that the company is expected to distribute the final... around July 12th, 2024 (Friday).
CPIC: ANNOUNCEMENT ON POLL RESULTS FOR THE ANNUAL GENERAL MEETING AND DISTRIBUTION OF FINAL DIVIDENDS
China Pacific Insurance (02601.HK) received a shareholding increase of 26,647,100 shares from JPMorgan.
According to the latest equity disclosure information from the Hong Kong Stock Exchange, on May 30, 2024, China Pacific Insurance (02601.HK) obtained JP Morgan Chase & Co.'s shareholding of 26,647,100 shares at an average price of HKD 20.4542 per share, involving approximately HKD 545 million. After the increase, JP Morgan Chase & Co.'s latest shareholding increased from 7.31% to 8.27%, with a total shareholding of 229,689,526 shares.
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