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  • October 25, 2014
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Results 1 - 10 of 13 for chen xitong

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  1. News - Business - INSURANCE

    Beijing cash behind Ping An stake sale raises eyebrows

    Posted Dec 14th 2012, 12:00am by George Chen, Ray Chan

    ... George Chen and Ray Chan 'Rare and risky' deal where CDB will fund most of Thai group's acquisition raises eyebrows Beijing cash behind Ping An stake sale More than half of the money that Thailand's Charoen Pokphand (CP) Group plans to spend on acquiring a major stake in Ping An Insurance comes from the central government-controlled China Development Bank (CDB), ...

  2. Business - China Business - INSURANCE

    Chinese insurers could see better prospects after first-half squeeze

    Posted Aug 18th 2014, 01:56pm by Kwong Man-ki

    ... Phillip Securities analyst Chen Xingyu said. China Life Insurance and PICC Property & Casualty, the largest players in the life and non-life insurance segments respectively, faced the biggest ... an insurer is receiving more in premiums than it is paying out in claims. Chen said Chinese insurers were likely to break through their premium business bottlenecks following the State Council’s ...

  3. Business - China Business - INSURANCE

    Value and stable growth top Chinese insurers' agenda

    Posted Apr 12th 2014, 12:59am by Kwong Man-ki

    ... in 2012, said the China Insurance Regulatory Commission. Chen Xingyu, an analyst with Phillip Securities, said the growth in premium income was expected to be stable while investment income ... internet finance is an important step to their transformation, which will build more cost-effective sales channels," Chen said. Internet finance would be a new profit driver for the insurers, ...

  4. Business - China Business - INSURANCE

    Strong profit growth forecast for Chinese life insurers

    Posted Mar 10th 2014, 10:13am by Kwong Man-ki

    ... its results. The recovery in capital markets last year bolstered growth in life insurers' investment income, Phillip Securities analyst Chen Xingyu said, forecasting respectable profit ... income," Chen said. Growth in premium income was stable as economic momentum improved and sales channels became more diversified, he said. Leading players such as China Life Insurance and China ...

  5. Business - China Business - INSURANCE

    Chinese insurers to get income boost from reform

    Posted Dec 30th 2013, 12:03pm by Kwong Man-ki

    ... Yang said. Chen Xingyu, an analyst with Phillip Securities, also expects product diversity amid fierce competition. Large players such as Ping An Insurance and China Life Insurance would have ... this year, said Chen, who believes the momentum in the capital market will be sustained. "Insurers' investment income is likely to maintain stable growth next year," he said. ...

  6. Business - China Business - INSURANCE

    China turns to tax aid in private pension push

    Posted Dec 09th 2013, 11:07am by Kwong Man-ki

    ... It’s hard to tell when the pilot will be launched, but it could be anytime,” Zhu said, noting that insurers such as Shanghai-based China Pacific Insurance might benefit the most. Chen Xingyu, ... that will see an increase in demand benefiting the mainland’s insurers,” Chen said. If the tax incentives were launched early next year, the contribution to life insures’ revenue from pension insurance ...

  7. Business - Banking & Finance - INSURANCE

    China insurers allowed to invest more in equities and real estate

    Posted Oct 11th 2013, 01:32pm by Kwong Man-ki and Sandy Li

    ... markets, according to Chen Xingyu, a Shanghai-based analyst with Phillip Securities. "Insurers are the major institutional investors in shares listed on the mainland," he said. The draft rules would also give insurers more flexibility in diversifying their investments, Chen added. CIRC data shows the annualised investment yield of mainland insurers rebounded to 5.21 per cent ...

  8. Business - China Business - INSURANCE

    Ping An buys London building as China's insurers seek higher returns

    Posted Jul 09th 2013, 12:00am by Kwong Man-ki

    ... Chen Xingyu, an analyst with Phillip Securities in Shanghai, said Ping An's move would diversify the firm's investment portfolio and boost returns. Ping An's total investment yield dropped to 2.9 per cent last year, compared with 4 per cent in the previous year. "I believe that other mainland insurers will likely follow suit," Chen said. "Asset prices ...

  9. Business - China Business - INSURANCE

    Mainland insurance regulator bearish on industry

    Posted Jan 26th 2013, 12:00am by Kwong Man-ki in

    ... posted a 2.4 per cent rise in premium income while the non-life sector's growth was 15.4 per cent. Chen Xingyu, an analyst with Phillip Securities in Shanghai, said premium income would improve this year. "I think the worst is over," Chen said, noting that the share market's recovery would help boost investment returns. Huang Biao, an analyst at Guangdong-based ...

  10. Business - Companies - INSURANCE

    Prudential buys Thanachart insurance arm

    Posted Nov 06th 2012, 12:00am by Lulu Chen

    ... Lulu Chen lulu.chen@scmp.com Takeover of the Thailand business to further consolidate ownership throughout the region Prudential makes big move with Thanachart purchase Prudential, Britain's biggest insurer by market value, plans to buy the life insurance business of Thanachart Bank in Thailand for £368 million (HK$4.5 billion). The deal is part of Asia's insurance ...




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