Open Source Securities: In October, the growth rate of insurance company premiums fell, focusing on the 25-year anniversary preparations and product switch progress.
Currently, the market is concerned about the performance of the liability end in the early stages of 2025. From the perspective of NBV growth prospects, the impact of price may be greater than quantity. The convergence of individual and bancassurance, optimization of product structure, and further support for the improvement of value rates through the convergence of the scheduled interest rate.
Northbound funds bought 4.2 billion HKD in the tracker fund of hong kong, increased their position in Alibaba by over 0.7 billion HKD, and sold 50 million HKD of sunac.
On November 18th (Monday), southbound funds net bought 13.551 billion HKD of Hong Kong stocks today. The tracker fund of hong kong, hang seng h-share index etf, and alibaba-W received net buys of 4.188 billion HKD, 1.153 billion HKD, and 0.756 billion HKD respectively; sunac was net sold 49.02 million HKD.
Zhitong Hong Kong Stock Connect capital trend statistics (T+2) | November 18
Capital Trend of Stock Connect on November 18
Express News | The five major listed insurance companies collected a total premium of 2.52 trillion in the first ten months, can the strong start drive high growth.
Capital trends | Northbound investors have sold over 5.7 billion Hong Kong dollars in the tracker fund of Hong Kong, while continuously increasing their holdings in Tencent by over 4 billion Hong Kong dollars for four consecutive days.
Track the latest trends of southbound funds.
The tracker fund of hong kong experienced a net outflow of 5.744 billion Hong Kong dollars.
There was a net inflow of funds from the north to Tencent (00700.HK), China Mobile (00941.HK), and Xiaomi Group (01810.HK), reaching 0.63 billion Hong Kong dollars, 0.423 billion Hong Kong dollars, and 0.262 billion Hong Kong dollars respectively. There was a net outflow of funds from the north to tracker fund of Hong Kong (02800.HK), amounting to 5.744 billion Hong Kong dollars. The most active stock with the highest net inflow of funds through Stock Connect (Shanghai) was Ping An (02318.HK) with 0.491 billion Hong Kong dollars, while the stock with the highest net outflow of funds was tracker fund of Hong Kong (02800.HK) with 4.767 billion Hong Kong dollars. The most active stock with the highest net inflow of funds through Stock Connect (Shenzhen) was Southern Heng.
Beishui Trend | Beishui's net buy of 0.922 billion yuan in network technology stocks continues to be favored. Domestic funds continue to increase their holdings in Tencent (00700) by over 0.6 billion Hong Kong dollars.
On November 15th, in the Hong Kong stock market, the net buy of Beishui amounted to 0.922 billion Hong Kong dollars, with a net sell of 1.516 billion Hong Kong dollars via the Shanghai-Hong Kong Stock Connect and a net buy of 2.438 billion Hong Kong dollars via the Shenzhen-Hong Kong Stock Connect.
Express News | The southbound funds had a net purchase of 0.922 billion Hong Kong dollars today, with the tracker fund of hong kong having the highest net sell amount.
Guolian: How have insurance companies' investment strategies evolved?
The current insurance industry has formed an investment strategy with fixed income assets as the main component and equity and other asset types as supplementary. In the first half of 2024, the insurance industry's allocation ratios for bank deposits, bonds, stocks, and securities investments are 9.3%, 47.5%, 12.7% respectively.
Express News | Wang Guoping is no longer serving as the Vice General Manager of Ping An Life.
Large financial market resurgence, why is Ping An Insurance (601318.SH/2318.HK) widely favored by institutions?
Goldman Sachs, Morgan Stanley, Citigroup and other major banks have all given Ping An positive evaluations.
Hong Kong stocks: Hang Seng Index rose 51 points in the first half of the day, netease surged by 13%, "Bilibili" dropped by 10%.
Mainland China's major economic indicators rebounded last month (retail sales up 4.8% year-on-year, beating expectations), with the Hong Kong stock market performing well in the morning. The Hang Seng Index opened 67 points higher, fell 103 points in the early stage to 19,332 points before rebounding, rose 172 points to 19,608 points at one point, up 51 points or 0.3% at midday, closing at 19,486 points; The H-share index rose 27 points or 0.4%, closing at 7,001 points; Hang Seng Tech Index rose 38 points or 0.9%, closing at 4,357 points, with a total turnover of 85.151 billion Hong Kong dollars in the morning session. In the financial sector, HSBC Holdings (00005.HK) rose by 0.8%, while Standard Chartered (02888.HK) and Hong Kong
HK Stock Market Update | Ping An Health (01833) surged over 13%, planning to distribute special dividend of HK$9.7 per share.
Ping An Health (01833) rose over 13%, as of the time of writing, it has increased by 13.39%, trading at HKD 16.6, with a transaction amount of HKD 0.261 billion.
Selected Announcement | Alibaba increased its shareholding in Xiaopeng autos by 24.66 million shares in the third quarter; Lenovo Group's mid-term revenue increased by 22% to $33.297 billion year-on-year.
In the first ten months, Ping An Insurance's original premium revenue exceeded 740 billion yuan; net income for Netease in the third quarter was 26.2 billion yuan, with net income from games and related value-added services at 20.9 billion yuan.
Support insurance companies to increase the maximum insurable age and enhance the mobile app's aging-friendly upgrade. The new financial aging-friendly regulations have arrived.
1. The current supply of the third pillar financial products for retirement in China is still limited, with issues such as some retirement savings unable to be locked for retirement purposes, limited supply of retirement financial products, and the need to strengthen the diversity and accessibility of retirement insurance. 2. The guidelines propose increasing the research and development efforts of elderly financial products, supporting insurance companies to raise the upper age limit for insurance, and emphasizing the insurance protection needs of individuals aged 70 and above.
Ping An Insurance Units Post Mixed 10-Month Gross Premium Income
Ping An Insurance Reports Strong Premium Growth in 2024
Ping An Insurance (02318.HK) life insurance original insurance premium income for the first ten months increased by 9.4% annually.
Ping An Insurance (02318.HK) announced that in the first ten months of this year, its subsidiary Ping An Property Insurance's gross premium income from insurance contracts was 265.7 billion yuan (the same below), an annual increase of 6.5%; Ping An Life Insurance's premium income was 447.44 billion yuan, an annual increase of 9.4%; Ping An Retirement Insurance's premium income reached 15.01 billion yuan, an annual decrease of 5.4%; and Ping An Health Insurance's premium income was 15.1 billion yuan, an annual increase of 14.2%.
Express News | Ping an insurance: Life insurance premium income of 447.435 billion yuan, an increase of 9.4% year-on-year.
Capital movement | Northbound funds have aggressively increased their holdings in Tencent by over 1.7 billion Hong Kong dollars, selling Meituan for three consecutive days.
Track the latest trends of southbound funds.
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