MSPICCG@EC2601A(18859.HK)

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MSPICCG@EC2601A
18859.HK
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China plans $29 billion capital injection into biggest insurers, Bloomberg News reports

China is planning to sell approximately 200 billion yuan ($28.8 billion) in special government bonds to recapitalize its largest insurers, including China Life Insurance Group, the People’s Insurance Co Group, and China Taiping Insurance Group. This move aims to strengthen the insurance sector, which is facing pressure to consolidate, according to Bloomberg News.

Reuters·
SH
601628
+0.20%
SH
601319
-0.75%
HK
01339
-1.16%
Reuters·
SH
601628
+0.20%
SH
601319
-0.75%
HK
01339
-1.16%

China Pacific Insurance Files Director List to HKEX

China Pacific Insurance (Group) Co. Ltd. has submitted an updated board of directors list to the Hong Kong Stock Exchange. The board is led by Executive Director Fu Fan, with Zhao Yonggang as Executive Director and President. The board includes various non-executive and independent non-executive directors, each serving on different committees overseeing governance and operations. The company has established five board committees for effective management.

Reuters·
HK
02601
-0.71%
HK
00966
+0.31%
SH
601601
-1.36%
Reuters·
HK
02601
-0.71%
HK
00966
+0.31%
SH
601601
-1.36%

REG - China Pacific Insur. - Approval of Director's Appointment Qualification

China Pacific Insurance (Group) Co., Ltd. has received approval from the National Financial Regulatory Administration for Mr. WONG Hin Wing's appointment as an independent non-executive director, effective from January 22, 2026. This follows his election at the EGM on August 29, 2025. Additionally, Mr. JIANG Xuping has retired from his position as an independent non-executive director, confirming no disagreements with the Board. The company expresses gratitude for Mr. JIANG's contributions during his tenure.

London Stock Exchange·
SH
601601
-1.36%
HK
02601
-0.71%
HK
01339
-1.16%
London Stock Exchange·
SH
601601
-1.36%
HK
02601
-0.71%
HK
01339
-1.16%

Ant Group's Digital Technology and THTF Global Life Insurance sign a contract for insurance AI innovation application

Ant Group's financial technology arm has signed a cooperation agreement with THTF Global Life Insurance, focusing on innovative applications of AI in insurance. The two parties will leverage artificial intelligence technology to deepen their collaboration across the entire insurance business. The jointly developed intelligent claims system has an identification accuracy rate of up to 99%, significantly improving claims efficiency, with some cases able to complete the entire process within one hour

36Kr·
SH
600100
-2.51%
HK
01339
-1.16%
SH
688688
0.00%
36Kr·
SH
600100
-2.51%
HK
01339
-1.16%
SH
688688
0.00%

China Pacific Insurance Posts Higher Life Premiums and Flat Property Growth for 2025

China Pacific Insurance (Group) Co. reported an 8.1% increase in life insurance premiums for 2025, totaling RMB258.115 billion, driven by a 42% rise in bancassurance premiums. In contrast, property insurance premiums remained flat at RMB203.561 billion, with a slight 0.2% increase. The company is shifting focus towards bancassurance and diversified distribution. Analysts rate the stock as a Buy with a target price of HK$46.00. The current market cap is HK$445.1 billion, with a year-to-date price performance of 9.09%.

Tip Ranks·
HK
02601
-0.71%
SH
601601
-1.36%
Tip Ranks·
HK
02601
-0.71%
SH
601601
-1.36%
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