China Life Insurance acquired 2.946 million H shares of FMR LLC, worth approximately 48.2596 million Hong Kong dollars.
Reported on November 4th, according to the documents disclosed by the Hong Kong Stock Exchange on November 4th, FMR LLC increased its shareholding in China Life Insurance (02628.HK) by an average of HK$16.3814 per share on October 30th, totaling 2.946 million H shares, worth approximately HK$48.2596 million. After the increase, FMR LLC's latest number of shares held is 0.447 billion shares, with the stake ratio rising from 5.96% to 6.00%. Image Source: HKEX Shareholding Disclosure. What is equity disclosure? According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of shares) must disclose their holdings in the company.
【Hong Kong Stock Connect】China Life Insurance (02628) rose nearly 3%, institutions point out that it is expected to benefit first as the "head goose" of life insurance in the industry competition structure optimization.
Golden financial news | China Life Insurance (02628) stock price is improving, as of the time of publication, up 2.82% to 16.7 Hong Kong dollars, with a turnover of 0.359 billion Hong Kong dollars. swhy reported that China Life Insurance achieved a net income attributable to the parent company of 104.523/66.245 billion yuan in the first three quarters/Q3, with a year-on-year increase of 173.9%/1767.1%, significantly exceeding the bank's expectations. Benefiting from the recovery of the stock market, the company's total investment income for the first three quarters increased by 152.4% year-on-year to 261.419 billion yuan; among them, the fair value change profit and loss for the first three quarters increased by 8008.5% year-on-year to 1476.
Express News | China Galaxy Securities: The non-silver financial industry still has a significant room for future performance and valuation.
Express News | HKEX documents show that BlackRock's long position in New China Life Insurance H shares decreased from 5.15% to 4.62%.
Earnings Call: China Life Reports Substantial Growth in Q3 2024
In Daihang, Lyon: The preference for mainland insurance companies leans towards Ping An Insurance (02318.HK), and property insurance (02328.HK), with long-term first choice still being AIA (01299.HK).
Lyon released research reports stating that mainland insurance companies have generally announced their third-quarter earnings. Earnings reports show that the rated mainland insurance companies' profits for the first three quarters increased by between 36% and 174%, mainly driven by investment income, in line with expectations. In terms of core insurance business, the people's insurance (01339.HK), China Life Insurance (02628.HK), and Ping An Insurance (02318.HK) seem to outperform their peers in the third quarter. Among the mainland insurance companies, the bank prefers the people's insurance, Ping An Insurance, and PICC P&C (02328.HK), all rated as "outperforming the market," and AIA is the long-term top choice.