Express News | According to HKEX information, Citigroup's stake in China Life Insurance increased from 5.97% to 6.03% on April 7, with an average stock price of 12.8294 Hong Kong dollars.

BreakingsApr 11 17:28

China Life Insurance (02628.HK) received a Shareholding of 5.145 million shares listed in Hong Kong from Citigroup, valued at approximately 66.0079 million Hong Kong dollars.

On April 11th, it was reported that according to the documents disclosed by the Hong Kong Stock Exchange on April 11th, Citigroup (Citigroup Inc.) increased its shareholding in China Life Insurance (02628.HK) by 5.145 million shares of H shares on April 7th at an average price of HKD 12.8294 per share on market and an average price of HKD 12.899 per share off market, totaling approximately HKD 66.0079 million. After the increase, Citigroup's latest shareholding is 0.449 billion shares, with the holding ratio rising from 5.97% to 6.03%. Image source: Stock disclosure from the Stock Exchange. What is equity disclosure? According to the Hong Kong Stock Exchange.

Futu NewsApr 11 17:06

Industrial Securities: In 2024, the performance of the Insurance Sector is expected to grow significantly, and the optimization of the asset-liability structure opens up space for valuation recovery.

Industrial Securities remains Bullish on the Insurance Sector, focusing on symbols with better performance stability and stronger performance elasticity.

Zhitong FinanceApr 11 09:53

Fitch Downgrades Five Chinese Insurers, Affirms One on Weaker Sovereign Support

MT NewswiresApr 10 17:14

Open Source Securities: Insurance funds are beginning to consider the cost-effectiveness of high-dividend Assets and long stock investments as future directions.

Currently, allocating to ultra-long bonds remains an important path to improve the duration disparity on the asset side. However, with long bond interest rates nearing the level of liabilities cost, insurance capital is starting to consider cost-performance in allocation, timing extending duration and engaging in swing trading to enhance investment returns.

Zhitong FinanceApr 10 15:08

Fitch has downgraded the ratings of five Insurance companies in China.

The rating agency Fitch has downgraded the ratings of five Chinese Insurance companies and affirmed the rating of one Insurance company. These ratings have a stable outlook. The Insurance Financial Strength (IFS) rating of China Export Credit Insurance Corporation has been downgraded from 'A+' to 'A'. The IFS rating of China Life Insurance (02628.HK) has been affirmed at 'A+'. The long-term issuer default rating (IDR) of CHINA TAIPING Insurance Group has been downgraded from 'A' to 'A-'. The long-term IDR of CHINA TAIPING Insurance (Hong Kong) has been downgraded from 'A' to 'A-'. The long-term IDR of CHINA TAIPING Insurance Holdings (00966.HK) has been downgraded from '

AASTOCKSApr 10 13:06