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After Li Quan, the former chairman of Xinhua Insurance, lost contact with Zhang Chi, CEO of Xinhua Assets? Industry insiders reveal the inside story
① Zhang Chi, CEO of Xinhua Assets, is also suspected to be out of touch; ② Xinhua Insurance issues have been frequent in the past two years, and they are all related to the use of insurance funds; ③ Zhang Chi joined Xinhua Assets in March 2011 and was promoted to president in 2019.
The first listed insurer after the new “Nine Rules” to follow up on “multiple dividends in a year”, and Xinhua Insurance plans to distribute profits for the medium term
① Xinhua Insurance announced that it plans to follow up on the 2024 mid-term dividend, with an interim dividend ratio of no more than 30%. The annual profit distribution plan will take into account the interim profit distribution plan; ② Xinhua Insurance is the first listed insurance institution to follow up on the mid-term dividend since the release of the new “National Nine Rules”. Previously, Ping An of China had implemented mid-term dividends for many years and was well received and recognized by the agency.
China Ping An's two shareholding plans have re-entered the “buy buy buy” market. The participation capital was reduced by 1 billion dollars compared to previous years, and it is clear that it will buy H shares for the first time
① China Ping An's two shareholding plans have once again entered the market to buy shares. The annual core personnel shareholding plan has already bought more than 157 million yuan, and has now made a profit. ② According to the reporter's statistics, the total amount of share purchase capital participating in the two major plans of Ping An of China during the year decreased by more than 1 billion dollars compared to 2023, which is less than the amount of participation in 2022. ③ However, unlike previous years, which mainly bought shares in the A-share market, Ping An of China plans to buy shares in the H share market this year.
Can banks actually benefit from the “four arrows going hand in hand” in real estate finance? Industry: Both people, real estate, and money are involved, and the impact on asset quality is better than pricing
Xiao Feifei, chief banking analyst at CITIC Securities, believes that in terms of current real estate finance logic, quality is more important than pricing.
Intraday Overview | Hong Kong stock trends diverge, high dividend concept carnival; domestic housing stocks skyrocketed, Shimao Group rose more than 50%
The Hong Kong Stock Exchange rose more than 6%. Reports say Hong Kong Stock Connect's dividend tax may be reduced, and the listing of Saudi companies in Hong Kong is just around the corner.
Chinese assets explode! The Hang Seng Index has risen ten times in a row, and China's Golden Dragon Index has been rising nearly 15% in two weeks. What do you think of the future market?
More and more global capital is looking at Chinese assets.
The five major listed insurers' profit pressure is due to different reasons. What should I do about the decline in equity investment income? China People's Insurance: Will increase the share of such assets
① People's Insurance Director and Secretary Zeng Upstream responded that the decline in profit in the first quarter was due to factors such as increased compensation expenses and fluctuations in equity assets; ② Zeng Upstream said that China Insurance Assets are implementing “investment enablement projects” and increasing the share of OCI assets to enhance the stability of investment income; ③ insurers' profits in the first quarter were generally under pressure, with different reasons.
What hurt the Tianqi lithium industry's “thunderstorm” the most was insurance capital? China's Taibao lost more than 60% of its holdings after listing, and insurance capital generally lost money on the books in the past two years
① Tianqi Lithium's financial report for the first quarter caused the company's stock price to fall to a halt today, and Hong Kong stocks fell by more than 19%; ② China Taibao and its holding subsidiaries listed Tianqi Lithium lost more than 60%; ③ data shows that insurance companies have generally faced book losses in the past two years. A number of insurance companies put up their licenses to buy at a phased high point.
The premium for the 2024 edition of the Shanghai Huibao upgrade is still 129 yuan, with a cumulative total of more than 20 million insured applications over 3 years, and the compensation amount exceeds 1.6 billion yuan
① The premium for the 2024 version of Shanghai Insurance is still 129 yuan/year, and the guarantee liability has been “extended, one superior, and one increase”; ② Insured persons can use their personal account balance over the past year to enroll in the insurance for up to 6 immediate family members; ③ By the end of March 2024, the total number of Shanghai Huihui Insurance cases had been completed over 650,000 in 3 years, and the cumulative compensation amount exceeded 1.6 billion yuan;
Weekly preview | Tech giants set off a frenzy of results releases! Tesla, Meta, Microsoft, and Google are on the list one after another
US GDP for the first quarter and core PCE data for March will be released. China's April LPR will be announced on Monday; the Bank of Japan will announce the new interest rate decision on Friday.
The premiums of the top five A-share insurers released for the first quarter: the growth rate of the old three financial insurance companies narrowed year on year, personal insurance rose and fell by 2, 3 drops, and Xinhua Insurance continued its negative
① In the first quarter, Xinhua Insurance achieved original premium income of 57.193 billion yuan, a year-on-year increase of -11.7%; ② In the first quarter, the comprehensive cost ratio of People's Insurance, Ping An Insurance, and Taibao Insurance may increase slightly year-on-year; ③ The industry expects a slight negative increase in net profit from listed insurers in the first quarter.
Northbound Capital Purchase Report: Ping An of China received net sales of 571 million yuan
Northbound Capital had a sharp net sale of 7.385 billion yuan today.
There have been structural changes in the market! What happened to the weakening of Hong Kong real estate stocks and insurance stocks?
Analysts believe that the rise in crude oil and gold reflects the geographical situation. The market anticipates that Iran may launch an attack on Israel this weekend; if China's treasury bonds rise sharply, MLF interest rates may be lowered next Monday; while in the equity market, the most reassuring currently is still Vanke. The insurance sector, which has a high correlation between underlying assets and real estate, is also being impacted as a result.
Direct performance report | Xinhua Insurance recently judged that A and H shares already have investment value, and the risk of interest spread loss is a common issue in the industry
① Interest spreads are a common issue faced by the industry. In 2024, it is necessary to improve investment performance, grow, broaden, and invest deeply. ② The share of Xinhua equity allocation is relatively low in the industry. However, I am strongly optimistic about A shares and H shares, and believe that they already have investment value.
Direct access to the China People's Insurance Performance Conference | Strengthen market value management, maintain stable dividends, and prevent the risk of interest spreads and losses, and the latest statement from 100 billion central enterprise giants!
① The insurance industry faces multiple opportunities, and modernization will spawn more insurance coverage needs and risk pools. Policy dividends have also continued to be released, and national governance and policies are increasingly incorporating insurance mechanisms into the policy toolbox. ② People's Insurance will strengthen market value management to maintain continuous and stable dividends.
Featured announcements | Ideal Auto cuts estimated delivery volume in Q1; CNOOC's net revenue and profit both declined in 2023
China Mobile's net profit in 2023 was 131.8 billion yuan, up 5% year on year; Ping An of China's total revenue in 2023 was 1031,863 billion yuan, up 4.74% year on year; Captain Li Ka-shing's net profit in 2023 was HK$23.5 billion, a decrease of 8.71% year on year.
A-share listed insurer's first 2023 annual report released: China Ping An's new business value increased 36% year-on-year, and cash dividends accounted for 37% of operating profit attributable to parent
① In 2023, Ping An Life Insurance and Health Insurance achieved a new business value of 31.08 billion yuan, an increase of 36% over the previous year; ② it is proposed to pay a final dividend of 1.5 yuan per share in cash for the end of 2023, with an annual dividend of 2.43 yuan per share; ③ In the past 10 years, Ping An of China has achieved an average net return on investment of 5.2% and an average comprehensive return on investment of 5.4%.
Featured announcements | Fuyao Glass's net profit in 2023 increased 18.37% year on year; passenger occupancy rates of the three major airlines all recovered to more than 80% in February
Meitu's adjusted net profit in 2023 was about 370 million yuan, up 233.2% year on year; Longhu Group's total contract sales amount for February was 5.75 billion yuan.
Under the “integration of reporting and banking”, the strong will become stronger? Life insurance premium income was still divided in February: China People's Insurance continued to shrink, and China Life Insurance's growth rate increased to 18%
① China People's Insurance revealed the latest premium income. The life insurance business is still shrinking. In the first 2 months, premium income fell 16.8% year on year. ② Life insurance companies are fragmenting? China Life announced a 2.8% year-on-year increase in premium income in the first 2 months of this year, and the growth rate increased to 17.9% in February alone. ③ According to a previous research report by Haitong International, China Life Insurance continues to implement a “strong sales channel project” to further push forward marketing system reforms.
After Xinhua Assets “refuted the rumor”, Vanke's shares and bonds were adjusted at the same time. Why did Xinhua Insurance also lead the decline? Vanke A holdings have continued to be reduced in the past two years
① After Xinhua Asset “refuted the rumor”, Vanke experienced a “double attack on equity and debt” today. Many of its bonds fell, with some falling by more than 20%. ② The data shows that as of the end of 2022, the total loan amount of Vanke and Xinhua Assets was about 9.782 billion yuan. ③ In the past two years, Xinhua Insurance has reduced Vanke's shareholding ratio from 1.48% to 1.01%, which industry insiders believe is reasonable. However, during the same period, China Life Insurance increased its holdings of Vanke.