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Seven joint-stock commercial banks have followed suit in lowering the RMB deposit interest rates.
Following the adjustment of the RMB deposit interest rates by the six major state-owned banks yesterday (May 20), today, seven joint-stock commercial banks also followed suit, including Ping An Bank, China CITIC Bank Corporation (00998.HK), Industrial Bank, Shanghai Pudong Development Bank, MINSHENG BANK (01988.HK), Guangfa Bank, and Hua Xia Bank, with a reduction of 15 basis points in the 1-year and 2-year fixed deposit rates. Additionally, with the earlier adjustments by CM BANK (03968.HK) and China Everbright Bank (06818.HK), a total of nine joint-stock commercial banks have now reduced their deposit benchmark rates.
May 21 Insurance Daily | The booking interest rate for life insurance has been definitively lowered! Over 60% of Institutions have seen revenue and profit growth, and China Life's investment has surpassed Ping An's Assets.
Over 60% of Institutions experienced revenue and profit growth, with China Life Investment surpassing Ping An Assets. In 2024, the recovery of the insurance asset management Industry continues to strengthen.
Insurance funds have once again initiated a round of stock buying! There have been 16 instances of stock acquisitions this year, almost all of which are in Hong Kong stocks. This round of stock acquisitions has three major characteristics.
Recently, insurance capital has initiated another wave of stock acquisitions, with three incidents occurring this week alone, all targeting H-shares.
Ping An Insurance launched the AI-driven "Eagle Eye" international version of the risk reduction service platform to help address global climate challenges.
Ping An Insurance (02318.HK) announced that its subsidiary, Ping An Property & Casualty Insurance, has officially launched the AI-driven "Eagle Eye (International Version)" risk reduction service platform. This platform can provide global users with disaster risk assessment, real-time warnings, and claims certification services, enhancing the capacity to respond to climate change disasters. Ping An Property & Casualty Insurance released the independently developed "Eagle Eye" risk reduction service platform in 2017, being the first to apply cutting-edge technologies such as big data, meteorological disaster modeling, Satellite remote sensing, and machine learning, integrating over 2 trillion pieces of data related to geography, disasters, weather, and insurance to evaluate risks for nine types of natural disasters, including typhoons and heavy rainfall.
Express News | According to HKEX information, Citigroup's shareholding in Ping An Insurance decreased from 6.17% to 6.06% on May 14.
Sinolink: Controlled nuclear fusion industrialization accelerates, and the 14th Five-Year Plan may迎来 a peak in capital expenditures.
Sinolink focuses on midstream equipment, especially in the high-temperature superconducting magnet segment.
