CTIHY CHNA TAIPING ADR
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CHNA TAIPING ADR News
Express News | China Taiping Insurance (Luxembourg) Limited has opened for business.
Hong Kong stock market anomaly | China Taiping (00966) rose nearly 4%, and Taiping Life plans to repurchase up to 15 billion yuan of outstanding capital supplementary bonds.
China Taiping (00966) rose nearly 4%. As of press time, it rose by 3.98%, to HKD 8.89, with a turnover of HKD 21.246 million.
China Taiping (00966.HK): With capital losses bottoming out, there will be a change for the better after reaching the worst.
Key point: China Taiping's predecessor, 'China Insurance International', was listed on the Hong Kong Stock Exchange in 2000, making it the first overseas listed insurance company in China. Looking back at the company's global strategy and operation, the glorious years of two three-year strategies, industry impact, and frequent changes in management.
China Taiping Insurance's Unit to Buy Back Up to 15 Billion Yuan Bonds
China Taiping Insurance Holdings Company (HKG:0966) unit Taiping Life Insurance will repurchase up to 15 billion yuan worth of outstanding capital supplementary bonds, according to a Wednesday filing
China Taiping (00966.HK) subsidiary plans to repurchase up to 15 billion RMB in perpetual capital supplementary bonds.
China Taiping (00966.HK) announced that its subsidiary, Taiping Life, plans to repurchase no more than RMB 15 billion of perpetual capital supplementary bonds and has received a reply from the relevant regulatory institution. The regulatory institution has no objection to Taiping Life repurchasing the capital supplementary bonds issued in 2021 and 2022 in accordance with market principles.
Taiping Life Insurance Plans 15 Billion Yuan Buyback of Capital Supplementary Bonds
China Taiping Insurance Holdings (HKG:0966) subsidiary Taiping Life Insurance intends to repurchase up to 15 billion yuan of its outstanding capital supplementary bonds issued in 2021 and 2022, a Wedn
Express News | China Taiping: Taiping Life intends to repurchase perpetual capital supplementary bonds of no more than 15 billion yuan.
China Taiping (00966.HK) intends to repurchase outstanding capital replenishment bonds worth no more than 15 billion yuan.
China Taiping (00966.HK) announced on June 12 that its subsidiary, Taiping Life Insurance Co., Ltd. (“Taiping Life”) plans to repurchase outstanding capital replenishment bonds for no more than 15 billion yuan, and has received relevant regulatory agencies’ replies, which have no objections to Taiping Life’s market-oriented repurchase of capital replenishment bonds issued in 2021 and 2022. This repurchase will further optimize the capital structure of the company and Taiping Life. The company and Taiping Life will actively communicate with relevant parties, including regulatory agencies, custodians, and bond holders, to steadily promote the repurchase work and.
Exploring cross-border insurance! Is the "miracle" of Hong Kong insurance still there?
Behind the fiery Hong Kong insurance of this round is the concentrated release of overseas asset allocation demand that has been suppressed on the mainland for 3 to 4 years.
Express News | PwC has 'lost another deal', with four listed companies canceling contract renewals on the same day.
Express News | The China Banking and Insurance Regulatory Commission has issued guidance on promoting the high-quality development of inclusive insurance.
Rating Update: Bocom Intl raises China Taiping's target price to HKD 10.6, and expects a rebound in both assets and liabilities.
On June 5, Guolianhui reported that Bocom Intl predicts that China Taiping's new business value will increase by 13% per year by 2024, mainly due to the annual downward adjustment of reserved interest rates, the reduction of cost rate due to the consolidation of bank-insurance channels, and the improvement of product structure. In addition, due to the increase in the proportion of bonds in the company's insurance fund asset allocation, it is expected that the investment income in 2024 will increase year by year and promote profit growth. And the core solvency ratio of Taiping Life Insurance reached 142.79% in the first quarter of this year, which is at a relatively high level among its peers. Judging from the company's insurance fund asset allocation, by the end of 2023, compared with the end of 2022, bonds
China Taiping (00966) will distribute a final dividend of HKD 0.3 per share on July 23rd.
China Taiping (00966) announced that it will distribute a final dividend of HKD 0.3 per share on July 23, 2024.
中國太平：股東周年大會通告
The Hong Kong Insurance Authority reported that the premium for new policies taken out by mainland visitors to Hong Kong in the first quarter was HKD 15.6 billion.
According to the report from Zhitong Finance APP, the Hong Kong Insurance Authority has announced the interim statistics for the insurance industry in the first quarter of 2024, with gross premiums of HKD 165.1 billion, an increase of 12.2% over the same period last year.
Bocom Intl: Maintains a "buy" rating for China Taiping (00966), with a target price raised to HK$10.66.
BOCOM Intl predicts that China Taiping (00966) will have a 17% year-on-year increase in profits this year.
China Taiping (0966.HK): It is expected that both ends of the balance sheet will rebound in 2024, and the target price has been raised.
Expected new business value to increase by more than 10% YoY in 2024. In 2023, the company will lower the long-term investment ROI from 5% to 4.5% and the risk discount rate from 11% to 9%, and the above assumptions will affect the new business value.
Changes in Hong Kong stocks | Domestic insurance stocks generally rose in early trading, and the growth rate of total life insurance premiums continues to improve, and banking insurance is expected to deepen cooperation
Domestic insurance stocks generally rose in early trading. As of press release, China Taibao (02601) rose 3.64% to HK$21.35; China Taiping (00966) rose 3.18% to HK$8.77; Xinhua Insurance (01336) rose 3.08% to HK$16.72; and Ping An of China (02318) rose 2.86% to HK$41.4.
Major PwC interstate insurance customers, China People's Insurance Company and China Taiping plan to hire auditors
After completing the 2023 audit, PricewaterhouseCoopers Zhongtian and PricewaterhouseCoopers have provided audit services for China People's Insurance for 3 consecutive years.
Allianz: China's insurance market will maintain an average annual growth rate of 7.7% over the next 10 years to consolidate its position as the world's second-largest insurance market
① In 2023, Asian life insurance premium revenue increased by 16.2%, making it the largest regional market in the world; ② In the past 10 years, the global market share of the US insurance market increased from 41% to 44% in 2023; ③ The Chinese insurance market will maintain an average annual growth rate of 7.7% over the next 10 years, thus consolidating its position as the second largest insurance market in the world.
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