02628 CHINA LIFE
- 11.420
- +0.200+1.78%
CHINA LIFE 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
Zhī tōng Hǎngǔ jiě pán | Sān dà lì hǎo cì jī gǔ Dà zōng shāngpǐn yǒu wàng yíng lái fǎn tán. (SmartHK stock review | Three major bullish news stimulate Hong Kong stocks, and the csi commodity equity index is expected to rebound.)
After the Hong Kong stock market opened higher and gapped up, it steadily rose, closing up 2.87%, with the volume increasing to 112.8 billion.
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.
New China Life Insurance Logs 79 Billion Yuan in January-May Gross Premiums
New China Life Insurance (HKG:1336, SHA:601336) registered a gross premium income of 78.6 billion yuan in the January to May period, according to a Friday filing with the Hong Kong Exchange. Shares cl
Individual Investors Account for 38% of New China Life Insurance Company Ltd.'s (SHSE:601336) Ownership, While Sovereign Wealth Funds Account for 31%
Key Insights New China Life Insurance's significant individual investors ownership suggests that the key decisions are influenced by shareholders from the larger public 50% of the business is held b
Express News | New China Life Insurance - Jan to May Accumulated Gross Premium Income RMB78,569.58 Mln
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.
Goldman Sachs has given China Life Insurance (02628) a “buy” rating with a target price of HKD 14.
China Life Insurance expects to maintain stable employee numbers and continue to improve productivity in the 2024 fiscal year.
China Life Insurance to Change Auditor
China Life Insurance (HKG:2628) plans to propose Ernst & Young Hua Ming to be appointed as the new China auditor of the company and Ernst & Young as the Hong Kong auditor for the year 2024 until the c
China Life Insurance Logs Over 4% Boost in January-May Premium Income
China Life Insurance (HKG:2628, SHA:601628) recorded a premium income of around 415.7 billion yuan for the five months ended May 31, up 4.3% year over year, a Tuesday filing on the Hong Kong bourse by
China Life Insurance (02628): Intends to appoint EY Hua Ming and EY as auditors.
Zhongguo Ren Shou (02628) announced that, after considering the company's need for auditing services, the company conducted a joint bidding process for the selection of auditors for the year 2024. Based on the evaluation results and the recommendation of the company's audit committee, the board of directors of the company intends to appoint Ernst & Young Hua Ming Certified Public Accountants LLP (special general partnership) as the company's domestic auditor for the year 2024, and appoint Ernst & Young Certified Public Accountants as the company's Hong Kong auditor for the year 2024, until the end of the annual general meeting of shareholders in 2024.
Express News | China Life Insurance - Proposed to Appoint Ernst + Young Hua Ming Llp as PRC Auditor of Co for 2024
China Life Insurance (02628.HK): The cumulative original premium income from January to May was RMB 415.7 billion, a year-on-year increase of 4.3%.
On June 11th, Gelunhui reported that China Life Insurance (02628.HK) announced that according to the Enterprise Accounting Standard No. 25 of the Ministry of Finance of China, the Accounting Standards for Insurance Contracts, and other relevant accounting regulations, the company's cumulative original insurance premium income from January 1st to May 31st, 2024 was about RMB 415.7 billion, a year-on-year increase of 4.3%.
Express News | China Life Insurance - Accumulated Premium Income From Jan to May RMB415.7 Bln, Increase of 4.3%
China Life Insurance accumulated original insurance premium income of about 415.7 billion yuan in the first 5 months, a year-on-year increase of 4.3%.
China Life Insurance (02628) announced that the company's accumulated original insurance premium income was approximately RMB 415.7 billion from January 1, 2024 to May 31, 2024, an increase of 4.3% YoY.
The Hong Kong Insurance Authority reported that the premium for new policies taken out by mainland visitors to Hong Kong in the first quarter was HKD 15.6 billion.
According to the report from Zhitong Finance APP, the Hong Kong Insurance Authority has announced the interim statistics for the insurance industry in the first quarter of 2024, with gross premiums of HKD 165.1 billion, an increase of 12.2% over the same period last year.
China Life Insurance and Zhihu launch “Urban Baby Raising Cost Survey” to help parents and friends become “parenting visionaries”
On the occasion of Children's Day on June 1st, China Life Insurance Co., Ltd. (hereinafter referred to as “China Life Insurance Company”) and Zhihu jointly conducted a “Urban Baby Raising Cost Survey”. Through questionnaire research, we extensively study the methods of raising children in different families, analyze the current pain points and difficulties of raising children in cities, reveal the costs of raising children in cities in the form of fun animations and insightful long maps, jointly understand the confusion of parents in different regions and stages, and obtain experiences shared by “senior parenting parents”. Every expectant father and mother wants to raise a smart and healthy baby, and from the moment they know they are pregnant, they begin to imagine having a baby together
Analysts Conflicted on These Financial Names: Ageas NV (GB:0Q99), Julius Baer Group Ltd (Six Swiss: CH:BAER) and China Life Insurance Co (OtherCILJF)
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
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