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Beijing-based China Life Insurance Co provides life insurance and annuity products. It listed in December 2003, raising US$3.5 billion.
- Mutual-aid platforms offering insurance-like have garnered some 300 million members sharing the burden of medical claims
- Online sales of insurance products are likely to accelerate as technology takes centrestage during Covid-19 pandemic
Net income for the first three quarters surged to 57.7 billion yuan, China Life said in an exchange statement.
Net income for the first three quarters surged to 57.7 billion yuan, China Life said in an exchange statement.
Mainland Chinese insurers are benefiting from Beijing’s deleveraging drive, as a scarcity of long-term funds helps them seal commercial property deals.
Mainland Chinese insurers are benefiting from Beijing’s deleveraging drive, as a scarcity of long-term funds helps them seal commercial property deals.
- Hong Kong insurers need to be innovative and forge closer ties with the Greater Bay Area or risk losing out to Singapore and Shanghai, according to the Financial Services Development Council
- Hong Kong insurers need to be innovative and forge closer ties with the Greater Bay Area or risk losing out to Singapore and Shanghai, according to the Financial Services Development Council
- Prudential reports life and health insurance policies taken out by mainland clients jumped 23 per cent in the third quarter on year
- China’s yuan has fallen 10 per cent against the US dollar from its peak in March, sparking rush to Hong Kong insurance as hedging tool
- Prudential reports life and health insurance policies taken out by mainland clients jumped 23 per cent in the third quarter on year
- China’s yuan has fallen 10 per cent against the US dollar from its peak in March, sparking rush to Hong Kong insurance as hedging tool
As trading reopens in Hong Kong, insurance stocks head south
As trading reopens in Hong Kong, insurance stocks head south
Sun Life Global is considering increasing its shareholding in Chinese joint venture Sun Life Everbright Life Insurance, according to CEO Dean Connor. “We are bullish on China. If we could buy a larger percentage we would like to,” he said.
Sun Life Global is considering increasing its shareholding in Chinese joint venture Sun Life Everbright Life Insurance, according to CEO Dean Connor. “We are bullish on China. If we could buy a larger percentage we would like to,” he said.
‘We will need to wait and see if Beijing relaxes its controls or offers any special incentives for the Greater Bay Area, whether there is another wave of mainlanders buying life products here,’ says sector lawmaker Chan Kin-por
‘We will need to wait and see if Beijing relaxes its controls or offers any special incentives for the Greater Bay Area, whether there is another wave of mainlanders buying life products here,’ says sector lawmaker Chan Kin-por
News coincides with founder Wu Xiaohui’s conviction earlier in the day to 18 years in prison with US$1.65b worth of his personal properties confiscated
News coincides with founder Wu Xiaohui’s conviction earlier in the day to 18 years in prison with US$1.65b worth of his personal properties confiscated