23701 BIPINAN@EC2502A
- 0.450
- +0.050+12.50%
Domestic insurance stocks generally rose, China Taibao (02601) rose more than 3%, institutions say pressure on insurance assets is expected to ease
Jinwu Financial News | Domestic insurance stocks generally rose. China Taibao (02601) rose 3.38%, while China Life Insurance (02628), AIA (01299), Zhongan Online (06060), and Ping An (02318) rose more than 2%. According to the news, Dongwu Securities said that the short-term central bank's statement that long-term interest rates are too low, that the 1Q24 quarterly report exceeds expectations, and that if the new “Ten National Rules” of insurance are implemented in 2H24, it will greatly catalyze the valuation of the current insurance sector, especially life insurance stocks. Continue to recommend pure life insurance targets that fully benefit from the reversal of asset-side expectations from the bottom. China Aviation Securities said that Hangzhou and other places have liberalized purchase restrictions.
HSBC Falls 3% Amid Reports That Top Shareholder Ping An Is Looking to Trim Its Stake
Citing people familiar with the matter, Bloomberg said that "one option an internal team at the Chinese insurance giant is considering is further share sales, similar to the $50 million sale it disclosed last week." Ping An has butted heads with HSBC's management in recent years, most notably supporting a shareholder motion in 2023 that sought to spin off its Asia business and establish fixed dividends.
[Special V] Ye Shangzhi: There is a possibility that phased excitement will enter the short-term search for the peak
Jinwu Financial News | On May 16, Hong Kong stocks continued to develop a pattern of sharp gains and slight reversals. The Hang Seng Index rose more than 300 points, further testing to close at the level of 19,400 points, and hit a new high in nine months. Meanwhile, market trading volume also continued to increase and cooperate, recording over 200 billion yuan. This is the first time since January 30, 2023 that it has broken through 200 billion yuan in daily turnover. In fact, capital inflows are the biggest driving force for the market. Therefore, with the continuous return of capital, the liquidity of Hong Kong stocks has improved and increased, which is also a catalyst for the recent recovery in Hong Kong stock valuations. Currently, since Hong Kong stocks have already been released
Market Chatter: Ping An Exploring Options to Lower HSBC Stake
HSBC Holdings (HSBA.L) top shareholder Ping An Insurance Group is exploring options to lower its 8% stake, Bloomberg News reported on Thursday, citing people familiar with the matter. The options incl
Ping an Weighs Cut to $13.3 Billion Stake in HSBC, Bloomberg Reports
--China's Ping An Insurance Group is looking at options to reduce its 8% stake in HSBC Holdings, Bloomberg reports, citing people familiar with the matter. --The possibilities under consideration inc
Express News | HSBC Shareholder Ping An Exploring Ways To Cut $13B Stake
Hong Kong stocks closed (05.16) | The Hang Seng Index closed up 1.59%, Hangzhou kicked off the storage model, and domestic housing stocks and property management stocks exploded
The three major indices of Hong Kong stocks fluctuated and strengthened today, and the Hang Seng Index and China Index once again hit new highs in the new year. At the close, the Hang Seng Index rose 1.59% or 302.82 points to 19376.53 points, with a full-day turnover of HK$204.899 billion.
China Ping An (601318.SH/2318.HK) premiums accelerated in April, and the financial resonance continued to be interpreted
On May 15, Ping An of China issued an announcement after the market. From January 1, 2024 to April 30, 2024, Ping An achieved a total of 33.377 billion yuan in original insurance premium income, an increase of 2.4% over the previous year.
Trending Stocks Today: SINO-OCEAN GP Shoots up 43.58%
May 16th - Hong Kong stocks trending now:Gainers: $SINO-OCEAN GP(03377.HK)$ shoots up 43.58% to HK$0.56 with a turnover of HK$508.79 million. $PING AN(02318.HK)$ climbs 6.47% to HK$42.75 with a turnov
Ping An Unit Files for Singapore Listing of $300 Million Bonds Due in 2034
China Ping An Insurance Overseas (Holdings), Ping An Insurance's (SHA:601318, HKG:2318) overseas platform for direct investments and asset management, filed to list $300 million worth of 6.125% bonds
Changes in Hong Kong stocks | China's Taiping (00966) rose nearly 6%, leading domestic insurance stocks, life insurance business rebounded in April, and “one-on-three” restrictions on banking insurance channels were lifted
Domestic insurance stocks continued their recent gains. As of press release, China's Taiping (00966) rose 5.13% to HK$8.82; China Life (02628) rose 3.78% to HK$12.08; China Taibao (02601) rose 3.74% to HK$20.2; and Ping An of China (02318) rose 3.49% to HK$41.55.
Ping An of China: The total premium income from the original insurance contracts of the four subsidiaries in the first 4 months was about 33.377 billion yuan, up 2.4% year on year
Ping An of China (02318) announced that from January to April 2024, the original insurance contract premium income of its subsidiaries Ping An Property Insurance Co., Ltd., Ping An Life Insurance Co., Ltd., Ping An Pension Insurance Co., Ltd., and Ping An Health Insurance Co., Ltd. was approximately RMB 103,529 billion, RMB 212.155 billion, RMB 8.145 billion, and RMB 6.549 billion respectively, totaling approximately RMB 33,377 billion, an increase of 2.4% over the previous year.
Ping An Insurance Logs 330 Billion Yuan in January-April Premium Income
Ping An Insurance (SHA:601318, HKG:2318) reported an accumulated gross premium income of 330.4 billion yuan from four subsidiaries in January-April, a Wednesday filing on the Hong Kong bourse said. Pi
Ping An Insurance Sells HK$392 Million Stake in HSBC
Ping An Insurance's asset management arm sold 5,648,800 of its shares in HSBC (HSBA.L), according to a Tuesday filing. The shares were sold for an average price of HK$69.3074 per share, or a total of
CISI Financial Unit Invests $6 Million in Ping An Bonds
China Industrial Securities International (CISI) Financial Group (HKG:6058) unit CISI Investment has subscribed to $6 million of bonds issued by China Ping An Insurance Overseas (Holdings), a Thursday
Haitong Securities: What is the impact of falling interest rates on insurance companies' operations?
In the long run, the economic growth rate determines the level of interest rates, and the interest rate center gradually declines as the potential growth rate of the economy declines.
A subsidiary of Xingzheng International was distributed to subscribe to Ping An Insurance overseas (holding) notes totaling US$6 million
Xingzheng International (06058) announced that CISI Investment, an indirect wholly-owned subsidiary of the company, subscribed to the notes sold by the issuer on May 8 and May 9, 2024 (after the trading period), respectively. The relevant instructions were confirmed on May 8 and May 9, 2024 (after the trading period), and CISI Investment was distributed to subscribe notes totaling US$6 million. The total cost was approximately US$5.97.13 million, not including transaction costs. According to reports, the issuer is China Ping An Insurance Overseas (Holdings) Co., Ltd., which issued the tickets
UPDATE 1-Singapore's DBS Appoints Ping An Technology CEO as Chief Information Officer
Singapore's DBS Appoints Ping An Technology CEO as Chief Information Officer
HSBC 'Entirely Unaware' of Ping An's Voting Intention for CEO's Board Seat
HSBC (HSBA.L) said Monday that Chief Executive Officer Noel Quinn's decision to leave the company pre-dated any communication from Ping An Insurance about its plan to oppose Quinn's board reappointment.