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Citibank: Maintaining the China People's Insurance Group's “Buy” Rating and Lowering the Target Price to HK$3.4
Citigroup released a research report stating that the China People's Insurance Group (01339) earnings forecasts per share for 2024 and 2025 were lowered by 3.6% and 3.7%, respectively, to reflect last year's performance, and the target price of People's Insurance was lowered from HK$3.6 to HK$3.4, maintaining a “buy” rating.
China People's Insurance Group: People's Insurance's original insurance premium income of 62,828 billion yuan in January increased 2.7% year-on-year
China People's Insurance Group (01339) announced that from January 1, 2024 to January 31, 2024, the original insurance premium income obtained by the company's subsidiaries China Property Insurance Co., Ltd. (China Life Insurance), and China People's Health Insurance Co., Ltd. (Human Health Insurance) was RMB 62,828 billion, RMB 32.04 billion and RMB 11.198 billion, respectively, up 2.7% year on year, down 18.5% year on year and 4.5% year on year .
China People's Insurance Group (01339.HK)'s original premium income in 2023 reached 661,649 billion yuan, up 6.86% year-on-year
Gelonghui, January 12, 丨 China People's Insurance Group (01339.HK) announced that the company's original insurance premium income from January 1, 2023 to December 31, 2023 through the company's subsidiaries Human Insurance, Life Insurance and Human Health was RMB 515.807 billion, RMB 10.634 billion and RMB 45.208 billion respectively, totaling RMB 661,649 billion, an increase of 6.86% over the previous year.
China Financial Insurance and Human Insurance Reinsurance sign reinsurance framework agreement
China Financial Insurance (02328) announced that on December 29, 2023, the company signed a reinsurance framework agreement with Human Insurance Reinsurance. According to this agreement, the company agreed to distribute premiums and collect processing fees from Human Insurance Reinsurance, and Human Insurance Reinsurance agreed to distribute premiums and collect processing fees from the company. As a property insurance company, the company reinsures part of the covered risk to reduce risk. Human Insurance Reinsurance was jointly initiated by the China People's Insurance Group and the company. It is the fourth Chinese-owned corporate reinsurance company established in China. The company entered into this agreement with Human Insurance Reinsurance to achieve risk diversification and stability
China Resources Pharmaceuticals: China Resources Pharmaceutical Commercial Plans to Increase Registered Capital and Introduce External Investors
China Resources Pharmaceutical (03320) issued an announcement. The bidding process for the proposed subscription items expired on December 25, 2023, and China Resources Pharmaceutical entered into a subscription agreement with Beijing Pharmaceuticals, China Resources Pharmaceutical Investment and Investor Subscribers on December 28, 2023. According to this, China Resources Pharmaceutical Commercial has agreed to increase its registered capital from RMB 15 billion to RMB 4,646.5 billion to RMB 19.646.5 billion, of which the investor subscribers have agreed to subscribe for the total registered capital of RMB 3.04 billion, with a total cost of RMB 5.26 billion Yuan, and Beijing Pharmaceutical and China Resources
Haitong International: Maintaining China's financial insurance “superior to the market” rating, with a target price of HK$10.98
According to a research report released by Haitong International, China Financial Insurance (02328) maintains the “superior market” rating, with a target price of HK$10.98. The quality of the auto insurance business for human insurance is relatively good. In the auto insurance business, the share of private cars with low payout rates is relatively high, and channel rates are manageable. Therefore, the bank believes that the company's profit margin far exceeds that of small and medium-sized insurers, and that its competitive advantage will become more prominent in the second half of the comprehensive auto insurance reform. In 2022, the company's dividend ratio remained stable at 40%, and the dividend rate was 7.1%. The company announced results for the third quarter of 2023:1) Achieved net profit of 19.4 billion yuan in the first three quarters, -26.2% year-on-year; Q3 quarterly net profit of 150 million yuan
China People's Insurance Group (01339) announced the first three quarter results, net profit of 20.503 billion yuan decreased 15.5% year-on-year
The People's Insurance Group of China (01339) announced the results for the first three quarters of 2023, and the group achieved operating income of 418...
China People's Insurance Group: People's Insurance Insurance's original insurance premium income of 409.57 billion yuan in the first three quarters increased 7.5% year-on-year
China People's Insurance Group (01339) announced that from January 1, 2023 to September 30, 2023, the original insurance premium income obtained through the company's subsidiaries China People's Property Insurance Co., Ltd. (People's Insurance), China Life Insurance Co., Ltd. (Life Insurance) and China People's Health Insurance Co., Ltd. (People's Health Insurance) and China Health Insurance Co., Ltd. was RMB 409.57 billion, RMB 91,281 billion and RMB 39.79 billion, respectively, up 7.5%, 10.7% and 9.9% year-on-year respectively.
In the first half of the year, the original insurance premium income of the three major subsidiaries of the People's Insurance Group of China People's Insurance Group totaled 413.478 billion yuan, up 9.07% year-on-year
China People's Insurance Group (01339) announced that the original insurance premium income obtained by the company from January 1, 2023 to June 30, 2023 through the company's subsidiaries China People's Property Insurance Co., Ltd. (People's Insurance Insurance), China People's Life Insurance Co., Ltd. (People's Insurance Insurance) and China People's Health Insurance Co., Ltd. (People's Insurance and Health) was RMB 30.93 billion, RMB 78.813 billion and RMB 33.735 billion respectively, totaling RMB 413.478 billion, an increase of 9.07% over the previous year.
January 19 Insurance Daily: more than 70 million people in 27 provinces have participated in the Huimin Insurance Banking Insurance Regulatory Commission reminding adverse selection and loss risk
27 provincial more than 70 million people to participate in the insurance "Huimin Insurance" Banking Insurance Regulatory Commission reminded the adverse selection and loss risk recently, a reporter from the Securities Daily learned from the industry that the Banco Insurance Regulatory Commission recently issued the notice on Printing and issuing a report on the Development of Commercial Health Insurance (hereinafter referred to as the "notice"), and in the "notice", it is suggested that the insured may have the risk of adverse selection and loss in the operation of "Huimin Insurance". The regulatory document suggests that the risk is related to the large number of participants in Huimin Insurance and its great influence on insurance companies and consumers. According to the working Committee of Health Insurance of big data Society of Health Information and Health Care of China on January 12 this year
The new head of trillion Guoshou Group has decided that Bai Tao will return! Where is the insurance ship headed?
Original title: the new head of trillion Guoshou Group has been settled, Bai Tao has returned! Where is the insurance ship headed? Source: time Weekly Guoshou Group ushered in a new boss. A number of industry insiders confirmed to time that China Life Insurance (Group) Company (hereinafter referred to as "Guoshou Group") held a general meeting on the afternoon of January 14 and announced Bai Tao as party committee secretary. Prior to that, Bai Tao served as chairman of China Development Investment Group Co., Ltd. (hereinafter referred to as "China Investment Group"). Traditionally, Bai Tao will also serve as chairman of Guoshou Group, but this will have to go through procedures such as the board of directors, shareholders' meeting and regulatory approval.
How will Bai Tao take the helm of 5 trillion Guoshou?
Source: after four years, Bai Tao returned to China Life Insurance Company Limited, a reporter from Southern Metropolis Daily. On the afternoon of January 14, 2022, the Organization Department of the CPC Central Committee sent someone to China Life Insurance Company Limited to announce that the Central Committee had decided to appoint Bai Tao as party committee secretary of China Life Insurance (Group) Company. At present, the insurance industry is in a critical period of transformation. China Life Insurance Company Limited, as a head enterprise, has attracted much attention. What new changes will Bai Tao bring to 5 trillion Guoshou when he takes office as the helmsman? Bai Tao returned to China Life Insurance Company Limited as a former banker. Bai Tao has 30 years of banking experience in the Universe. But 196
January 10 Insurance Daily: the Bancassurance Regulatory Commission draws a red line for old-age insurance institutions and their business
The Bancassurance Regulatory Commission has recently issued a notice on standardizing and promoting the Development of Endowment Insurance institutions (hereinafter referred to as the "notice"). Carry out "original" supervision over old-age insurance institutions and their business. The notice stresses that, in principle, old-age insurance institutions are not allowed to engage in insurance asset management business, and requires that the insurance asset management business and short-term personal old-age security management products be rectified and cleaned up before a certain time limit. The reporter combed and found that at present, there are 10 registered commercial old-age insurance companies in China, including Guoshou pension, Taiping pension and Ping.
Heavy! Shimao Trust officially declared breach of contract
Original title: heavy! Shimao Trust officially declared breach of contract! Guide: Shimao at the forefront of the wind and waves, the trust is officially declared to be in breach of contract! Chinatrust official website disclosed: Chengyi No. 11 pooled fund trust plan, in view of the fact that the counterparty of this trust plan failed to fulfill the obligation to make up the difference in time and in full at the time stipulated in the contract, there has been a substantial breach of contract. (Shanghai Trust Circle) Shimao Trust officially declared breach of contract! In 2020, Zhongcheng Trust Chengyi No. 11 Collective Fund Trust Plan was formally established on September 25, 2020. As of this interim announcement date, the existing size of the trust scheme is 6.4.
Insurance Daily on December 31st: it is reported online that the insurance premiums of new energy vehicles such as Tesla, Inc. have risen by more than 50%, and the official response
It is reported online that the insurance premiums of new energy vehicles such as Tesla, Inc. have risen by more than 50%. The official response: actually around 10% on December 30, according to China Finance and Economics report, the exclusive commercial insurance products for new energy vehicles were officially launched, causing an uproar among car owners and public opinion. A car owner revealed on social media that the total cost of insuring his Model Y was 8278 yuan on Dec. 23, but on Dec. 27, the total cost of insuring the same car rose to 14902 yuan, an increase of as much as 80 percent. Among them, the increase in car damage insurance was the largest, rising from 5759 yuan to 12736 yuan. NIO Inc., Xiao
December 27 Insurance Daily: institutional enthusiasm for insurance stock research fell to a freezing point
Institutional enthusiasm for insurance stock research fell to the freezing point is a routine operation before institutional investment, and the frequency of research is also an important embodiment of the market heat of listed companies. From the perspective of insurance stocks, institutions have "no enthusiasm" for their research this year, which is relatively rare in recent years. Even in 2020, when the insurance industry was hit hard by the epidemic, 11 institutions, including Shen Wanhongyuan and Tianfeng Securities, investigated insurance stocks. Behind the "flight" of insurance stocks by institutions, the growth of the insurance industry has stagnated for a long time. According to the latest data disclosed by listed insurance companies, the cumulative premium income of the top five listed A-share insurance companies in the first 11 months
China Mobile Limited A-share IPO results announced a strong lineup of strategic investors
A few days ago, China Mobile Limited disclosed the results of the strategic placement of A-share IPO on the Shanghai Stock Exchange. 19 strategic investors were allocated a total of 422 million shares, accounting for 49.90% of the total green shoe company's total offering, with a total subscription amount of 24.3 billion yuan. China Mobile Limited's strategic placement has been sought after by various investors such as national investment platforms, large central enterprises, well-known insurance institutions, Internet companies, large multinational enterprises and overseas sovereign wealth funds. In this strategic placement, Social Security Fund, National Survey Fund, Guoxin Investment, Integrated Circuit Fund, Central African Development
Jianshi Technology Secondary report HKEx: core products are not approved for listing and short-term profit is difficult for LuX-Valve to lead the progress of research and development.
Author: IPO refinancing group lasted 6 months. The initial public offering materials submitted by Jianshi Technology to the Hong Kong Stock Exchange expired on December 21, 2021, and Jianshi Technology submitted the form to the Hong Kong Stock Exchange for the second time on the same day. It is proposed to raise funds for the production and commercialization of core products LuX-Valve and Ken-Valve, R & D and registration of other products under research, acquisition and investment to expand business, working capital and general corporate uses. China International Capital Corporation and Citigroup act as co-sponsors. It is reported that the prospectus for Hong Kong shares is valid for six months because of the audit report.
December 23 Insurance Daily: what happened to insurance stocks that have fallen nearly 40% since the beginning of this year?
The scale of insurance version of asset securitization products exceeds 100 billion yuan! Insurance assets management further expands the scope of investment on December 17, the Bancassurance Regulatory Commission issued the Circular on revising some normative documents in the field of the use of insurance funds. Among them, it cancels the external credit rating requirements for insurance asset management companies to set up and manage debt investment plans and asset support plans, so as to enhance the autonomy of market subjects to use external ratings. Experts believe that this will help enhance the investment autonomy of market entities and provide long-term sources of funds for multi-level capital markets. As a relatively new financing tool, asset securitization has gradually shown in recent years.
Xianfeng Street, Tinghu District, Yancheng City: "warm Heart Insurance" provides a "protective umbrella" for the disabled.
Original title: Xianfeng Street, Tinghu District, Yancheng City: "warm Heart Insurance" provides "protection" for the disabled. "the accidental injury insurance insured by the District disabled Persons' Federation for our disabled people, what is the scope of accidental injury and what is the standard for settling claims?" "if accidental injury occurs, how can I apply for a claim in the first place?" Recently, in the community conference room of Lianhua Road, Xianfeng Street, Tinghu District, Yancheng City, representatives of the disabled are consulting the staff of The People's Insurance Co., Ltd. on the issue of accidental injury insurance for the disabled. Wang Zhong, a resident of Happiness Road, Xianfeng Street, Tinghu District, Yancheng City, heard of this activity.
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