PICC Property & Casualty Signs RMB 370 Million 2026 Service Deal With Connected Tech Partner Aibao
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PICC Property & Casualty Co has signed a RMB 370 million service deal with Aibao Technology for 2026, providing value-added services for motor vehicle insurance customers. This agreement, classified as a continuing connected transaction, will enhance PICC's customer engagement and marketing capabilities. The deal is exempt from independent shareholder approval but requires reporting and annual review. The latest analyst rating for PICC stock (HK:2328) is a Hold with a price target of HK$19.00. The company focuses on non-life insurance, particularly motor vehicle insurance, in China.
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