02628 CHINA LIFE
- 11.920
- +0.320+2.76%
CHINA LIFE News
China Life Insurance has been approved to issue capital replenishment bonds not exceeding 35 billion. There is still room for the issuance of additional subordinated bonds by insurance companies this year.
China Life Insurance fully redeemed the 2019 issued 35 billion yuan capital bonds on March 22; insurance companies may use low-interest new capital bonds to replace high-interest capital bonds; the raised funds will be used to supplement the company's tier 1 capital and support the continued healthy development of its business.
Huize Partners With New China Life Insurance to Roll Out Tailored Annuity Insurance Product
Express News | Hong Kong insurance stocks continued to rise in the afternoon, with Ping An Insurance rising more than 5%, China Pacific Insurance rising nearly 4%, PICC Group, China Taiping, New China Life Insurance, and China Life Insurance all rising more than 3%.
Express News | Huadian Power International Corporation, China Life Insurance, and others have established a smart energy company in Shaanxi.
Hong Kong Stock Exchange News: China Life Insurance is allowed to issue capital replenishment bonds of up to 35 billion yuan.
Cathay Pacific Airways (00293) carried approximately 2.069 million passengers in August, an increase of 15.9% year-on-year.
China Life Insurance Approved for Bond Issue
Rising against the trend! Big style switch!
Dividend stocks are once again taking the lead.
China Life Insurance (02628.HK) has been approved to issue capital supplementary bonds with a maximum limit of 35 billion RMB.
China Life Insurance (02628.HK) announced that it has received approval from the China Banking and Insurance Regulatory Commission to issue a 10-year callable capital supplementary bonds, with an issuance size not exceeding 35 billion RMB.
China Life Insurance (601628.SH): Approved to issue capital supplement bonds
Gelonghui on September 18th, China Life Insurance (601628.SH) announced that the company has recently received the "Reply on the Issuance of Capital Supplementary Bonds by China Life Insurance Co., Ltd. from the China Banking and Insurance Regulatory Commission" (Jin Fu [2024] No. 608), and the China Banking and Insurance Regulatory Commission has approved the company to issue a 10-year callable capital supplementary bonds ("this capital supplementary bonds") on the national interbank bond market with an issuance size not exceeding RMB 35 billion (including RMB 35 billion). The company has previously received the "Decision on Administrative Licensing Granted by the People's Bank of China" (Yin Xu granted decision letter)
Express News | Insurance stocks fluctuated and rose, with china life insurance up more than 3%, reaching a new high for the year.
A-shares banks, insurance sector strengthen against the market, Hubei Biocause Pharmaceutical rose nearly 3%.
On September 18, Hubei Biocause Pharmaceutical rose nearly 3%, previously hitting the limit down; China Life Insurance, China Pacific Insurance, Postal Savings Bank of China, Bank of China, and Industrial and Commercial Bank of China all rose more than 1%.
A-share heavyweight stocks collectively rose
On September 18, GloboMarket’s total market value rose to 400 billion yuan, with only Kweichow Moutai experiencing a decline. China Life Insurance rose more than 2%, while Ping An Insurance, Contemporary Amperex Technology, and China Petroleum & Chemical Corporation rose more than 1%.
The bond bull market with dividend overlay, the insurance industry's "investment side" finally sees a warming trend.
Only in the first half of 2024, five mainland insurance companies listed on the Hong Kong stock market have already exceeded 90% of last year's annual net profit attributable to shareholders.
The suspension of sales is driving! In August, the premium for personal insurance in the five major A-share insurance companies skyrocketed, with Xinhua and PICC Life's monthly growth rate exceeding 90%.
1. Under the effect of "suspension of sales", life insurance new policies did not decrease in August. 2. In the month of August, New China Life Insurance and China Life Insurance saw a staggering year-on-year increase of 122% and 95% in premium income. 3. In the month of August, Ping An Life Insurance, China Life Insurance, and Taikang Life Insurance saw a year-on-year growth of over 25% in premium income.
New China Life Insurance's Premiums Rise 1.9% in August
New China Life Reports Growth in Premium Income
CHINA LIFE: 2024 Interim Report
Hang Seng Index rose 167 points in the morning, with gains from Meituan and Xiaomi. Mainland real estate and pharmaceutical stocks also went up.
The market anticipates a rate cut in the United States next week, with the Dow rising 235 points or 0.6% overnight, and the Nasdaq rising 1%. Hong Kong stocks rose in early trading, with the Hang Seng opening 57 points higher. It briefly rose 300 points to 17,542 points and rose 167 points or 1% by midday, closing at 17,408 points. The HSCI rose 25 points or 0.7% to 3,501 points. The total turnover of the market reached 51.979 billion yuan in the first half of the day.
Express News | China Life Insurance, Xinhua Life Insurance and other insurance companies increased their holdings of ETFs in the first half of the year by nearly 33.8 billion yuan.
Analysts' Opinions Are Mixed on These Financial Stocks: China Life Insurance Co (OtherCILJF), PayPal Holdings (PYPL) and Invesco (IVZ)
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