China Pacific Insurance (Group) Co<601601>, the country’s third largest life insurer by premium, said the unaudited premium income from its two units amounted to RMB 82.9 billion in the first ten months of this year, according to its filing with the Shanghai Stock Exchange
During the Jan.-Oct. period, premium income of China Pacific Life Insurance totaled [...]
A consortium led by sovereign wealth fund China Investment Corp is in talks to buy a 49 percent stake in American Life Insurance Co (Alico), a unit of AIG (AIG.N: Quote, Profile, Research, Stock Buzz), in a deal that could be worth up to $10.6 billion, Japan’s Nikkei business daily reported on Friday.
The paper said [...]
Chinese stocks retreated on Tuesday amid a massive downward trend in neighboring markets.
The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, tumbled 6.31%, or 128.06 points, to 1902.43 points after fluctuating between 2050.88 and 1889.87 points.
The Shenzhen Component Index on the smaller Shenzhen Stock Exchange dived [...]
Chinese insurers’ investment returns dropped in the third quarter as they boosted fixed-income holdings and trimmed equities to curb losses from a stock market that has plunged almost 70 percent this year.
Investments averaged a 2.1 percent yield for the first nine months, down from 2.4 percent in the first half, China Insurance Regulatory Commission Assistant [...]
China’s cabinet has given approval for insurers to buy equity in private firms in an effort to widen their investment channels, the industry regulator said on Friday.
“The State Council recently gave its permission for insurance firms to invest in equity stakes of non-listed companies, and the China Insurance Regulatory Commission is working on relevant rules [...]
Despite a shrinking market value, qualified foreign institutional investors expanded their A-share portfolios in China’s mainland by 22.92 percent in the third quarter from midyear, reflecting greater confidence in the country’s equities market, the China Securities Journal reported yesterday.
QFIIs held 2.639 billion shares worth 30.1 billion yuan (US$4.39 billion), based on the closing price on [...]
