AIA Prudential is reported to have established a new position in Hong Kong to strengthen its wealth business in Asia.

Gelonghui, June 16 | According to media reports, AIA and Prudential have established new roles in Hong Kong to strengthen their wealth management businesses in Asia. Chirag Rathod recently joined AIA as Chief Executive Officer for Global High Net Worth Business at its Hong Kong subsidiary. Sources indicated this is a newly created position. Separately, Donna Cotter joined Prudential this month as CEO of Wealth and Bermuda Business—a role also newly established. AXA, headquartered in Paris, launched a platform this month at its Hong Kong and Bermuda offices enabling high-net-worth clients to purchase insurance policies. As wealth flows into Hong Kong and Singapore,

Gelonghui Finance11:15

JPMorgan: AIA’s (01299.HK) concerns over mainland Chinese visitors are already priced in; focus shifts to growth

JPMorgan published a research report noting that AIA's (01299.HK) share price has experienced significant volatility over the past two weeks, declining by 7.5% (compared with a 2.2% drop in the Hang Seng Index over the same period), primarily weighed down by market concerns over tightening cross-border regulatory oversight. The firm believes that although risks associated with Mainland China Visitors (MCV) may persist for some time and introduce uncertainty, they are now largely reflected in the stock price. The recent pullback has prompted investors to reassess the risk-reward profile; the stock currently trades at 1.1x its estimated 2027 price-to-embedded-value (P/EV) ratio, close to historical lows, reflecting market skepticism regarding its future growth prospects.

AASTOCKS11:40

Hong Kong Market Movers | AIA (1299.HK) Drops Nearly 3% as JPMorgan Notes Recent Share Price Decline Has Prompted a Reassessment of the Company's Risk-Reward Profile

AIA (01299.HK) fell nearly 3%. As of the time of writing, it was down 2.09% at HK$74.9, with a trading volume of HK$1.219 billion.

Zhitong Finance15:17

AIA Group Stock Climbs 1.1% in Hong Kong

Dow JonesJun 12 16:33

Hong Kong Market Snapshot | All three major indices rose, with the Hang Seng Index up 1.93%; non-ferrous metal stocks performed strongly, with CMOC Group and Lingbao Gold surging over 12%; airline stocks gained momentum, with China Eastern Airlines Corpor

Most tech and internet stocks rose, with JD.com-SW up 3.40% and Alibaba-W up 2.61%; gold mining stocks advanced across the board, with Lingbao Gold rising 12.43% and Chifeng Gold up 10.63%; non-ferrous metal stocks broadly gained, with Lingbao Gold up 12.43% and CMOC Group Limited rising 12.17%;

Futu NewsJun 12 16:15

Express News | China National Financial Regulatory Administration: Will Continue to Study and Optimize Support Policies to Enhance the Competitiveness and Influence of Shanghai as an International Financial Center

BreakingsJun 12 15:28