PICC Property Quzhou Central Branch fined 350,000 yuan, responsible person fined 70,000 yuan

BlueWhale News, May 15th, by reporter [Name]. Recently, the Quzhou branch of the National Financial Supervisory Authority released an administrative penalty notice, targeting the Quzhou Central Sub-branch of China Pacific Property Insurance Co., Ltd. and its relevant responsible persons. The notice indicates that the main violations committed by the Quzhou Central Sub-branch of China Pacific Property Insurance Co., Ltd. were: preparing or providing false reports, statements, documents, or materials. In response to this behavior, the Quzhou branch of the National Financial Supervisory Authority imposed a fine of 350,000 yuan on the company and issued a warning to Liu Jianliang along with a fine of 70,000 yuan.

lanjinger.comMay 15 15:54

The Quwo branch of Pacific Property Insurance has been fined 90,000 yuan, and the responsible individual has been fined 30,000 yuan.

BlueWhale News, May 15th, by reporter Guo Lei. Recently, the Linfen branch of the National Financial Regulatory Authority issued a penalty notice targeting the Quwo branch of China Pacific Property Insurance Co., Ltd. and its relevant responsible persons. The notice indicated that the main illegal and non-compliant facts (cause) of the Quwo branch of China Pacific Property Insurance Co., Ltd. were: using insurance agents to engage in fictitious insurance intermediary businesses as a means to embezzle funds. In response to the aforementioned illegal activities, the Linfen branch of the National Financial Regulatory Authority ordered it to make corrections and imposed a fine of 90,000 yuan.

lanjinger.comMay 15 11:28

A-Share Market Review: Both the ChiNext Index and the STAR 50 Index hit new all-time highs, with gains exceeding 2%. The SiC (Silicon Carbide), lab-grown diamond, and memory chip sectors led the market rally.

Gelonghui, May 13 | The three major indices of the A-share market opened lower but closed higher today. As of the closing, the Shanghai Composite Index rose by 0.67% to 4,242 points, hitting a new high since July 2015. The Shenzhen Component Index surged by 1.67%, reaching a new high since February 2021, and the ChiNext Index climbed by 2.63%, setting a new all-time high. The STAR 50 Index also increased by 2.69%, reaching a record high. The total market turnover amounted to 3.57 trillion yuan, increasing by 489.7 billion yuan compared to the previous trading day, with over 3,200 stocks rising. In terms of sector performance, Samsung Electronics announced that it would begin establishing a silicon carbide supply chain this year, triggering a surge in the silicon carbide sector. Several stocks, including StarPower Semiconductor and Megmeet Electric, hit their daily price limits. The lab-grown diamond sector...

Gelonghui FinanceMay 13 15:03

Hong Kong stocks fluctuated as insurance stocks generally declined, with China Taiping falling more than 5% and China Pacific Insurance dropping over 4%.

Gelonghui, May 13 | All Hong Kong-listed insurance stocks fell today. Specifically, China Taiping dropped more than 5%, China Pacific Insurance fell over 4%, China Life Insurance declined by 3.3%, PICC Property fell 2%, New China Life Insurance dropped 1.9%, and Sunshine Insurance and People's Insurance Company of China Group also followed the downward trend. The core trigger for the decline in Hong Kong-listed insurance stocks today was weaker-than-expected Q1 earnings reports. According to a research report released by JPMorgan at the beginning of the month, PICC Group’s net profit in the first quarter of 2026 fell 31% year-on-year, significantly below market expectations, mainly dragged down by weak profitability of its 69%-owned subsidiary, PICC Property. As the earnings season has concluded, ...

Gelonghui FinanceMay 13 11:29

Zheshang Securities: The non-banking sector benefits from triple positive catalysts, and we remain optimistic about the industry's future performance.

The non-banking sector benefits from a triple advantage — fundamental performance provides earnings support, valuations offer a margin of safety, and low allocation by public funds enhances chip elasticity.

Zhitong FinanceMay 12 15:14

Interview with Su Gang, Vice President of China Pacific Insurance: Increase exploration of innovative high-quality assets such as ABS and REITs, and look forward to expanding QDII quotas to explore global allocation opportunities.

①Su Gang, Vice President and Chief Financial Officer of China Pacific Insurance, believes that the high volatility characteristic of equity investments is prominent, and great attention should be paid to drawdown risk management in the next one to two years; ②In response to volatility, Su Gang emphasized leaving a reasonable “buffer” space to deal with uncertainty. He admitted that the equity investment turnover rate of China Pacific Insurance is only one-fifth of that of public funds.

cls.cnMay 11 09:45