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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.
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