China Pacific Insurance

Strong profit growth forecast for Chinese life insurers

Profit growth at China Life is estimated to be as high as 120 per cent year on year. Photo: Reuters

The mainland's life insurers are poised to report robust growth in profit last year on the back of strong investment income, but the value of new business for most firms is expected to have remained stagnant amid fierce competition.

Monday, 10 March, 2014, 11:39pm

Carlyle's exit prompts sell-down in insurance stocks

Mainland insurers fell in Hong Kong and Shanghai yesterday, led by Ping An Insurance and China Pacific Insurance, as investors rushed to cash out from a sector that was seen as overbought in the recent rally.

9 Jan 2013 - 4:08am

Carlyle puts HK$6b stake in China Pacific Insurance on the block

United States private-equity firm Carlyle is selling its remaining stake in China Pacific Insurance in a block trade that will raise up to HK$6.15 billion. The move comes amid a strong rally in the company's share price in recent weeks.

8 Jan 2013 - 4:21am

Market Wrap: Hang Seng at 2-week low as A-shares continue descent

The Hang Seng fell for a third day in thin trade on Wednesday as China’s onshore market continued to fall after touching a four-year low and investors got renewed concern over the US fiscal cliff problem.

28 Nov 2012 - 6:23pm

China Pacific cautious over stocks

China Pacific Insurance, the mainland's third-largest insurer by market value, plans to curb its stock investments while increasing purchases of fixed-income products amid worries over a slowing domestic economy and the euro zone debt crisis.

27 Mar 2012 - 12:00am

Capital injection to boost solvency ratio

China Pacific Insurance, the nation's third-largest insurer by market value, said yesterday it was planning a capital injection of about 5 billion yuan (HK$6.1 billion) from major shareholders around the end of this year to support its property and casualty business.

30 Aug 2011 - 12:00am

China Pacific cleared for HK$24b listing

China Pacific Insurance (Group) has received the go-ahead from the mainland securities regulator to list 900 million shares in Hong Kong, a deal expected to raise HK$24 billion to fund expansion.

27 Feb 2008 - 12:00am

Ping An leads 16b yuan investment in rail project

Ping An Insurance (Group) is leading a consortium of insurance companies to invest 16 billion yuan in the planned Beijing-Shanghai express railway, the country's second-largest insurer announced yesterday.

28 Dec 2007 - 12:00am

Pacific Insurance leaps 60.6pc on debut amid future growth hopes

Shares of China Pacific Insurance (Group) made a strong debut yesterday on the Shanghai Stock Exchange, jumping 60.57 per cent from their initial public offering price as investors believed the buoyant economy would fuel the insurer's future growth.

26 Dec 2007 - 12:00am

China Pacific scouts overseas investors

China Pacific Insurance plans to bring in overseas strategic investors during its Hong Kong listing next year.

The insurer began the initial public offering of A shares in Shanghai last week, selling one billion new shares at 27 yuan to 30 yuan each. It may raise as much as 30 billion yuan on the Shanghai Stock Exchange.

14 Dec 2007 - 12:00am

China Pacific to tap Shanghai, HK

China Pacific Insurance Group, the third-largest insurer in the mainland, plans to raise as much as US$6 billion in an initial public offering in Shanghai next month to be followed by a listing in Hong Kong before the end of next quarter, sources said.

16 Nov 2007 - 12:00am

China Pacific Insurance eyes 20b yuan listing

China Pacific Insurance is planning to raise as much as 20 billion yuan on the mainland before seeking a slightly smaller amount in Hong Kong next year, according to sources.

'They're trying to follow the domestic listing a few weeks later with a sale in Hong Kong,' one source said.

15 Sep 2007 - 12:00am

New China Life puts off US$1b IPO

Delay stems from protracted probe into the firm and its ex-chairman over 800m yuan fund misuse

New China Life Insurance will delay its initial public offering of up to US$1 billion until at least 2009 due to a protracted investigation into the firm and the deposing of its chairman, said one of its key shareholders.

9 Mar 2007 - 12:00am

Chief axed as Pacific Insurance gears up for US$1b IPO

China Pacific Insurance (Group) chairman Wang Guoliang has been removed from his post as the mainland's third-largest insurer prepares for a US$1 billion stock market flotation next year.

1 Aug 2006 - 12:00am

Temasek eyes China Pacific in thorny talks

Singapore's government-backed Temasek Holdings and private equity fund Primus Pacific Partners are among several investors in talks to buy a stake in China Pacific Insurance (Group), parent of the country's third-largest life insurer.

20 Aug 2005 - 12:00am